ShutterstockProfessional/Shutterstock Save for later Print Download Share LinkedIn Twitter TotalEnergies’ medium-term capex hike is the latest sign that the Western majors are plotting ways to proactively respond to rapidly evolving energy markets — while preserving wider capital discipline and strategic objectives. Delivery on low-carbon initiatives and shareholder returns remain must-haves. But energy security is reframing the conversation around oil and gas production this decade, strengthening the case for the “and” (fossil fuel + clean energy) strategies of these diversified majors.
