Overview
- TotalEnergies reported 2025 net income of $15.6 billion, down 15% from 2024, reflecting weaker oil and gas prices.
- New and ramping projects — Mero in Brazil, Ballymore in the United States, Tyra in Denmark and Fenix in Argentina — helped lift volumes, with LNG sales up 10% and power output expanding.
- The board increased the 2025 dividend by 5.6% to €3.40 per share, reaffirming a strategy centered on high‑margin hydrocarbons with selective low‑carbon investments.
- Management maintained capital discipline with $7.5 billion of savings targeted for 2026–2030, net investments around $16 billion in 2026 and $15–17 billion annually in 2027–2030, low‑carbon spending near $4 billion per year (~25%), and an electricity production goal of 100 TWh by 2030 (about 70% renewables, 30% gas).
- The company said it will not owe France’s 2025 exceptional surtax after posting roughly €300 million in tax losses in refining, though it expects to pay about €170–175 million in the share buyback tax.