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TotalEnergies to boost output, cut $7.5 bn in costs
TotalEnergies to boost output, cut $7.5 bn in costs
Economy
by  AFP

French group TotalEnergies on Monday announced plans to increase oil, gas and electricity production while cutting spending by $7.5 billion between 2026-2030. As part of its cost-cutting plan, the company will trim annual capital expenditures to $16 billion in 2026 and $15–17 billion between 2027 and 2030 -- about $1 billion less than previous guidance.