Friday, March 27, 2026

 

TotalEnergies Beats 2025 Emissions Targets in Transition Push

TotalEnergies has exceeded key emissions reduction targets outlined in its 2025 transition strategy, underscoring progress in its dual-track approach of maintaining hydrocarbon production while scaling low-carbon energy.

The company’s newly released Sustainability & Climate – 2026 Progress Report shows significant declines in operational emissions across its oil and gas portfolio. Methane emissions from operated assets fell by 65% compared to 2020 levels, surpassing the company’s 60% reduction target and keeping it on track toward an 80% cut by 2030.

Scope 1 and 2 emissions from operated assets totaled 33.1 million tonnes in 2025, down from 46 million tonnes in 2015 and ahead of the company’s target of 37 million tonnes. Overall, greenhouse gas emissions from operated oil and gas facilities declined by 38% over the same period.

A key driver of improved performance was the commissioning of new projects in Brazil and the United States, which helped reduce average emissions intensity to below 16 kg CO?e per barrel of oil equivalent—setting a new internal benchmark for future developments.

On the power side, TotalEnergies continued to expand its integrated electricity business. Net power generation reached 48 TWh in 2025, equivalent to roughly 10% of its hydrocarbon output. This growth contributed to an 18.6% reduction in lifecycle carbon intensity of energy products sold since 2015, exceeding the company’s 17% target.

TotalEnergies has outperformed its 2025 emissions reduction goals across methane and Scope 1 and 2 metrics while accelerating growth in its integrated power segment.

TotalEnergies’ results reflect a broader trend among European oil majors pursuing “integrated energy” strategies—balancing continued investment in low-cost, lower-emissions oil and gas projects with expansion into renewables and electricity markets.

The company’s focus on low-breakeven, lower-carbon upstream developments aligns with investor pressure to maintain returns while reducing environmental impact. Meanwhile, scaling power generation positions TotalEnergies alongside peers like BP and Shell, which are increasingly emphasizing electrification as a long-term growth pillar.

The reported emissions intensity improvements in new projects, particularly in Brazil’s offshore sector and U.S. developments, also highlight how technology and project design are reshaping upstream competitiveness in a carbon-constrained environment.

TotalEnergies maintains that its multi-energy model—combining hydrocarbons with renewables and power—remains central to delivering both supply growth and emissions reductions, a balance that continues to define strategy across the sector.

By Charles Kennedy for Oilprice.com

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