TotalEnergies announced a 4.5% year-on-year rise in average hydrocarbon production during Q4, reaching 2.8 million barrels of oil equivalent per day. Management reiterated its guidance to grow output by 3% annually through 2027, offsetting a 12% drop in realized oil and gas prices compared with the prior year. The company is also expanding its low-carbon power portfolio; it has secured 1.2 gigawatts of new renewable capacity in Europe for commissioning by 2025 and is targeting 35 TWh of power sales to industrial and mobility customers by 2030. Executives highlighted that surging demand from electric-vehicle charging networks and AI data-center operators will support higher power margins, cushioning earnings volatility in commodity markets.

In the latest 13F filing, Large Cap International Portfolio disclosed a 57.53% reduction in its TotalEnergies stake, selling 10,871 shares while retaining 8,024 shares. The move follows a sector rotation toward renewable pure-plays and came after the fund trimmed its energy holdings by 15% overall during the quarter. Despite the reduced position, TotalEnergies remains among the top five energy names in the portfolio, reflecting continued confidence in the company’s integrated model and growth in liquefied natural gas and offshore wind segments.