-French oil major TotalEnergies on Monday reduced its annual capital expenditure guidance by $1 billion through 2030 as part of a $7.5 billion savings drive. The group now expects net capex of around
TotalEnergies Lowers Capital Expenditure Forecast by $1 Billion Annually
TotalEnergies Capital Expenditure Reduction
-French oil major TotalEnergies on Monday reduced its annual capital expenditure guidance by $1 billion through 2030 as part of a $7.5 billion savings drive.
Details of the Capex Adjustment
The group now expects net capex of around $16 billion in 2026 and $15–17 billion annually between 2027 and 2030, it said in a statement.
Implications of the Savings Drive
(Reporting by Alban KacherEditing by Tomasz Janowski)
