TotalEnergies Board Backs Oil and Gas Expansion Through 2030

TotalEnergies board members unanimously backed a strategic focus on oil, gas, and electricity production during an annual strategic seminar. The company intends to expand traditional oil and gas production through 2030 while simultaneously investing in electricity generation and renewable assets to meet growing power demand.

To ensure continuity in this strategy, the board will propose extending the mandate of Chairman and CEO Patrick Pouyanné at the shareholders' meeting in May 2027. The board also plans to propose a mandate renewal for lead independent director Jacques Aschenbroich during the same meeting.