TotalEnergies SE ADR
TTE: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $86.00 | Vnyk | Rnrnnmss |
TotalEnergies All-Energy Strategy Continues to Pay Off For Shareholders
Business Strategy and Outlook
TotalEnergies' strategic plan aims to grow energy production on all fronts while pursuing its ambition of net-zero emissions by 2050 and delivering near-term cash flow growth even at relatively low oil prices. The emissions reduction goal matches many of its European peers', but in contrast, Total does not plan a quick retreat from hydrocarbons. Instead, it plans to grow oil and gas production near term while reducing portfolio emissions over time by expanding its ownership of renewable power and low carbon assets.