Total Is Growing Energy Production on All Fronts; Increase Fair Value Estimate on Higher Oil Prices

TotalEnergies' strategy to grow total energy production while pursuing its ambition of net-zero emissions by 2050 sets it apart from peers who are not growing as rapidly, have abandoned or modified their emissions targets, or both. More specifically, Total is growing oil production, something its larger European peers can't do, and continuing to invest in renewable power and low-carbon assets, an area where they've retreated.