TotalEnergies announced a targeted 5% rise in hydrocarbon output for the full year 2025, aiming to lift average production to 3.30 million barrels of oil equivalent per day (boe/d), up from 3.14 million boe/d in 2024. The company highlighted a 4.8% year-on-year increase in Q4 production, driven by the ramp-up of its East African gas projects and additional North Sea drilling campaigns. Management emphasized that this volume growth should offset a projected 10% decline in benchmark crude realizations next year, helping to preserve operating cash flow in the range of $22–24 billion.

TotalEnergies is accelerating its expansion into power generation, planning to add 15 gigawatts (GW) of renewable capacity by 2030. The group forecasts a 7% annual rise in electricity sales through 2027, fueled by surging demand from electric vehicle (EV) charging infrastructure and new AI data centers. To support this growth, the company will invest €3.5 billion in upgrading its grid connections and battery storage facilities over the next three years.

According to regulatory filings, the Large Cap International Portfolio sold 10,871 shares of TotalEnergies during Q4, reducing its holding from 18,895 to 8,024 shares. This represents a 57.53% stake reduction, leaving the fund with approximately 0.02% of the company’s total share count. The move reflects a broader rebalancing toward alternative energy names within the portfolio.