Article

TotalEnergies SE is transitioning from a traditional oil and gas company to an integrated multi-energy provider, focusing on diversifying its offerings to include oil, gas, LNG, electricity, hydrogen, and biogas. The company plans to significantly expand its LNG and renewable energy projects in response to reduced Russian gas supplies to Europe, while maintaining a balanced capital allocation strategy that supports free cash flow from fossil fuels. This approach positions TotalEnergies as a leading player in the evolving energy sector.