September 28, 2026 [Oil Price]- TotalEnergies announced a target of over 3% annual growth in oil and gas production through 2030, driven by new low-cost projects. The French company expects overall energy production, including electricity, to increase by about 4% annually, contributing an estimated $10 billion to free cash flow from 2025 to 2030. Key projects include investments in the Ima gas field in Nigeria and the Acacia-5 discovery in Angola, which is projected to add 6,000 barrels per day. TotalEnergies also plans to increase dividends by over 5% annually from 2026 to 2030.

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