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A sign with the logo of French oil and gas company TotalEnergies is pictured at a petrol station in Vertou near Nantes, France, October 26, 2022. REUTERS/Stephane Mahe
A sign with the logo of French oil and gas company TotalEnergies is pictured at a petrol station in Vertou near Nantes, France, October 26, 2022. REUTERS/Stephane Mahe
Home » News » Business & Economy » TotalEnergies cuts Capex outlook by $1 billion a year in cost-savings push
Business & Economy

TotalEnergies cuts Capex outlook by $1 billion a year in cost-savings push

by Reuters

-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 $16 billion in 2026 and $15–17 billion annually between 2027 and 2030, it said in a statement.

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(Reporting by Alban KacherEditing by Tomasz Janowski)

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Reuters
Information you can trust. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. (c) 2025 Thomson Reuters

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