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TotalEnergies reaffirmed a target of 4% annual growth in total energy production through 2030 in its September 28 strategy presentation. The measure combines oil, gas and electricity. The company also expects oil and gas output to grow by more than 3% a year on average between 2025 and 2030. These are corporate objectives, not reported results already achieved.
For electricity, TotalEnergies targets annual generation growth above 20%, reaching 100–120 terawatt-hours a year by 2030. It expects electricity to account for roughly one-fifth of its energy mix at that point. The presentation also says Integrated Power is expected to reach cash-flow balance in 2026, become free-cash-flow positive in 2027 and deliver a 12% return on average capital employed by 2030.
The company targets a 50% reduction in Scope 1 and 2 emissions from its oil and gas operations by 2030 versus 2015, and an 80% reduction in methane emissions versus 2020. It projects free cash flow to increase by around $10 billion from 2025 to 2030 at the same price assumptions, an increase it equates to more than $4 per share.
Net investment is planned at $14–17 billion annually during 2027–2032. The board adopted a policy to increase dividends by more than 5% a year for fiscal years 2026–2030. TotalEnergies also confirms shareholder returns of at least 40% of cash flow while reducing leverage; it anticipates a gearing ratio below 10% by the end of 2026.
Buybacks are part of that forward plan: $2.5 billion in the fourth quarter of 2026 and $2–2.5 billion in the first quarter of 2027. Production, investment, cash-flow and return figures remain company targets subject to assumptions, market conditions and execution. The presentation sets out expectations; it does not show those future results as completed.