TotalEnergies is shifting its business model from a traditional oil and gas major to a multi energy company. The group is expanding its utility scale solar and wind portfolios while using cash flows from upstream oil and gas to fund lower carbon investments. As the company prepares for its May 2026 annual shareholders meeting, focus remains on its capital allocation and climate strategy. Key growth areas include LNG expansion and the development of flexible power assets to increase renewable contributions to group cash flow by 2030.
