TotalEnergies SE
TTE: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| €43.00 | Qfwdd | Xjzhqxdpf |
Total Is Investing for the Energy Transition, but Not Abandoning Oil and Gas Anytime Soon
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.