TotalEnergies SE
TTE: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€65.00 | Wzww | Pwxwkfm |
Increasing Our FVE for Total Energies on Higher Prices; Russian Risk Overly Discounted
Business Strategy and Outlook
TotalEnergies' strategic plan aims to achieve net zero emissions by 2050 while delivering near-term financial performance in the event of a lower-oil-price environment. The emissions reduction goal is in line with many of its European peers', but in contrast to some, Total does not plan a quick retreat from oil and gas through divestment. Instead, it plans to reduce emissions over time by expanding its ownership of renewable power and low carbon assets.