TotalEnergies SE: Strategic Portfolio Optimization in Renewable and Gas Projects Catalyzing Growth! 

TotalEnergies, in its second quarter and first-half 2024 earnings, showcased a strategic focus on balanced growth, execution of large-scale projects, and improved shareholder returns, pivotal for the company’s forward momentum in a transformative industry landscape. Over the first half of 2024, TotalEnergies exhibited an active pursuit of its balanced strategy that encompasses strengthening its oil and gas portfolio while expanding its footprint in the integrated power sector. This has been evident from the sanctioning of several key upstream projects such as Kaminho in Angola and Serie 2 and Atapu 2, all expected to bolster the upstream growth by 2-3% over the next five years. Additionally, significant ventures in LNG with projects like Marsa LNG in Oman and Ubeta gas in Nigeria underline efforts to augment their LNG capabilities.