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TotalEnergies to deploy 30% of capex on integrated power business, chief executive says

TotalEnergies to deploy 30% of capex on integrated power business, chief executive says

FILE PHOTO: TotalEnergies CEO Patrick Pouyanne speaks at the Euronext stock exchange's annual conference in Paris, France March 18, 2025. REUTERS/Benoit Tessier/File Photo

French oil major TotalEnergies will deploy 30% of its capital expenditure to build an integrated power business, its chief executive Patrick Pouyanne said on Monday.

The company aims to raise the share of electricity in its portfolio to 20% by 2030, Pouyanne said at the Energy Asia conference.

(Reporting by Sudarshan Varadhan)

 

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