World of disruption creates opportunities, TotalEnergies CEO says
TTE•TotalEnergies CEO Patrick Pouyanne said he prefers “a world of disruption rather than a peaceful world” because it creates more opportunities. He said large, integrated energy companies with global asset portfolios are useful during disruptions such as the ongoing Middle East war.
1. CEO favors disruption
Pouyanne made the comments at the Energy Intelligence Forum. He said large, integrated companies with global portfolios of energy assets were a useful business model during events such as the ongoing Middle East war.
2. Trading boosts profits
TotalEnergies’ profit has mushroomed this year, as have those of Shell and BP, with all three reaping billions of dollars from trading amid an energy supply crunch caused by the Iran war.
