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TotalEnergies targets 4% annual energy production growth and higher dividends through 2030
TotalEnergies has unveiled its 2026 Strategy and Outlook, outlining ambitious growth targets for its multi-energy portfolio through 2035. The company aims to increase its overall energy production by 4% annually until 2030, driven by a significant expansion in electricity generation, which is expected to grow by over 20% annually to reach 100–120 TWh per year by 2030. Electricity is projected to constitute 20% of the company's energy mix by 2030 and 25% by 2035.
In the oil and gas sector, TotalEnergies targets annual production growth of more than 3% between 2025 and 2030, with a secondary growth target of 2–3% annually from 2030 to 2035. The company intends to maintain a production plateau of approximately 3 million barrels of oil equivalent per day through 2035, supported by projects in Namibia, Nigeria, Libya, Malaysia, Mozambique, and Papua New Guinea.
To reward shareholders, the board has approved a new dividend policy aiming for an annual increase of more than 5% from 2026 to 2030. Additionally, the company has authorized significant share buybacks, including 2.5 billion dollars for Q4 2026 and between 2 and 2.5 billion dollars for Q1 2027. TotalEnergies expects to return at least 40% of its cash flow to shareholders while maintaining a gearing ratio below 10% by the end of 2026. The company also plans annual net investments of 14 to 17 billion dollars between 2027 and 2032.
Entities
APA Corporation · Absheron gas field · GranMorgu · Nextnorth · Patrick Pouyanne · SOCAR · Staatsolie · Suriname · TotalEnergies
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Electricity is expected to represent 20% of the energy mix by 2030 and 25% by 2035. powerphilippines.com · brunobertez.com · information.tv5monde.com · oilprice.com
- [● 5 SOURCES] Free cash flow is projected to increase by approximately 10 billion dollars by 2030 compared to 2025 levels. brunobertez.com · cincodias.elpais.com · www.fortunegreece.com · fr.euronews.com · tr.euronews.com
- [● 7 SOURCES] The company plans to increase its dividend by more than 5% annually from 2026 to 2030. cincodias.elpais.com · nairametrics.com · information.tv5monde.com · www.tf1info.fr · www.fortunegreece.com · +2 more
- [● 6 SOURCES] TotalEnergies targets annual global electricity generation of 100 to 120 TWh by 2030. powerphilippines.com · brunobertez.com · www.marketbeat.com · information.tv5monde.com · www.tf1info.fr · +1 more
- [● 6 SOURCES] The company authorized 2.5 billion dollars in share buybacks for Q4 2026. cincodias.elpais.com · www.it-boltwise.de · es.euronews.com · fr.euronews.com · tr.euronews.com · +1 more
- [● 4 SOURCES] The company plans annual net investments of 14 to 17 billion dollars between 2027 and 2032. cincodias.elpais.com · www.it-boltwise.de · information.tv5monde.com · www.wnp.pl
- [● 6 SOURCES] TotalEnergies aims to maintain a production plateau of approximately 3 million barrels of oil equivalent per day until 2035. powerphilippines.com · brunobertez.com · cincodias.elpais.com · www.marketbeat.com · oilprice.com · +1 more
- [● 12 SOURCES] Oil and gas production is expected to grow by more than 3% annually between 2025 and 2030. powerphilippines.com · brunobertez.com · cincodias.elpais.com · www.marketbeat.com · information.tv5monde.com · +7 more