TotalEnergies has unveiled its long-term growth strategy through 2035, outlining ambitious investment plans and production forecasts. The French energy giant plans to invest $14 billion to $17 billion annually between 2027 and 2032 to expand its energy capacity. It projects its oil and gas segment will achieve 2% to 3% annual output growth from 2030 to 2035, driven by organic projects.

In electricity, the company anticipates net power generation of 10–12 terawatt-hours per year during the same period, aiming for electricity to constitute roughly one-fourth of its total energy mix by 2035. For the nearer term, TotalEnergies reaffirmed its 2030 outlook: 4% yearly growth in overall energy production, 3% average annual growth in oil and gas output from 2025 to 2030, and 20% annual growth in electricity generation. The electricity segment is expected to represent about one-fifth of its mix by end-2030.

The company also announced $2.5 billion in share buybacks for Q4 2026 and $2 billion to $2.5 billion for the following quarter. It forecasts a $10 billion increase in free cash flow from 2025 to 2030, assuming stable prices. The plan underscores TotalEnergies’ dual focus on traditional and renewable energy growth.