TotalEnergies' Growth Targets Look Safely in Sight; Increasing Fair Value Estimate on Higher Prices

TotalEnergies' strategy to grow total energy production while pursuing its ambition to reduce emissions sets it apart from peers that are not growing as rapidly, have abandoned or modified their emissions targets, or both. Total is also growing oil production, something many larger European peers can't do, and continuing to invest in renewable power, an area where they've retreated.