KeyfactsEnergy

TotalEnergies

Contacts

TotalEnergies - Head Office
2, place Jean Millier
La Défense 6, 92400 Courbevoie
France

Tel: +33 (0) 1 47 44 45 46

Description

TotalEnergies, which has produced oil and gas for almost a century, is one of the world’s largest integrated energy companies, with a presence in more than 130 countries on five continents.

The Group’s activities extend from exploration and production of oil, gas and electricity to distribution to the end consumer through refining, liquefaction, petrochemicals, trading, energies transport and storage.

Meeting the energy needs of a growing global population, providing tangible solutions to limit global warming, adapting to new patterns of energy production and consumption and changes to the expectations of customers and stakeholders constitute the challenges that a major energy player like TotalEnergies can help tackle.

Consequently, the Group’s strategy relies on four pillars:

expanding along the natural gas value chain;
developing profitable low - carbon electricity businesses;
focusing on oil assets at a low breakeven point;
investing in technologies and businesses that contribute to carbon neutrality

The ambition of this strategy is to get to net - zero emissions by 2050 together with society for its global business across its production and energy products used by its customers. TotalEnergies takes three major steps towards achieving this ambition:

Net Zero across TotalEnergies’s worldwide operations by 2050 or sooner (scope 1+2);
Net Zero across all its production and energy products used by its customers in Europe by 2050 or sooner (scope 1+2+3);
60% or more reduction in the average carbon intensity of energy products used worldwide by TotalEnergies customers by 2050
with intermediate steps of 15% by 2030 and 35% by 2040 (scope 1+2+3).

TotalEnergies supports the goals of the Paris Agreement and the Board of Directors confirms that the strategy of the Group aims to be consistent with these goals: TotalEnergies’ strategy is built around the anticipated market evolutions stemming from the Paris goals and aims at capturing business opportunities linked to the decarbonization of energy. This strategy is resilient with long - term hydrocarbon prices aligned on a scenario well below 2°.

TotalEnergies's Upstream business encompasses oil and natural gas exploration, development and production, along with coal, gas and power activities. Exploration and Production has activities in more than 50 countries with production in 30 of these countries. The company's main production regions are the North Sea, Africa and the Middle East, followed by Southeast Asia and North and South America.

Production

Hydrocarbon production was 2,871 kboe/d in 2020, a decrease of 5% compared to the previous year, comprised of:

-5% due to compliance with OPEC+ quotas, notably in Nigeria, the United Arab Emirates and Kazakhstan, as well as voluntary reductions in Canada and disruptions in Libya.
+5% due to the ramp-up of recently started projects, notably Culzean in the United Kingdom, Johan Sverdrup in Norway, Iara in Brazil, Tempa Rossa in Italy and North Russkoye in Russia.
-3% due to the natural decline of fields.
-2% due to maintenance, and unplanned outages, notably in Norway.

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