TotalEnergies plans $50B power business by 2030, shifting focus to LNG, AI exploration, and electricity growth.

TotalEnergies SE outlined its 2026 strategy emphasizing a diversified energy portfolio with a strong focus on maintaining dividends and cash flow through 2030. The company aims for its integrated power business to exceed $50 billion in equity value by 2030, with electricity expected to account for 25% of its energy production by 2035. Strategic priorities include LNG, deepwater, and onshore oil, supported by AI-driven exploration and global diversification to reduce geopolitical risks. Refining will be reduced over time while leveraging its balance sheet to accelerate growth in power and maintain flexibility in the Middle East.

TotalEnergies SE shares trade at USD 86.42 on Pluang as of Oct 01, 2026 01:22 WIB, showing a slight 0.45% decline in one day. The stock maintains a dividend yield of 4.83%, attracting more buyers with 77% of order activity on Pluang. TotalEnergies holds a market cap of $196.10 billion, reflecting its significant position in the energy sector amid its strategic growth plans.