While busy making deals in the renewables space, Total, soon to be renamed TotalEnergies, benefited from improving fundamentals in oil & gas. This will be the case for a long time as management does not expect to be cash-neutral in renewables before 2030 and also excludes an IPO of the renewables activities.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q4: improving E&P
While busy making deals in the renewables space, Total, soon to be renamed TotalEnergies, benefited from improving fundamentals in oil & gas. This will be the case for a long time as management does not expect to be cash-neutral in renewables before 2030 and also excludes an IPO of the renewables activities.