From Yahoo Finance: 2025-05-27 13:33:00

TotalEnergies SE (NYSE: TTE) is set to increase its oil production by 3% annually from 2024 to 2030 with the launch of the Mero-4 development in Brazil. This project will boost Mero’s production capacity to 770,000 barrels per day, up from 153,000 b/d in 2024. The Mero 4 project aims to minimize greenhouse gas emissions and generate significant cash flow for TotalEnergies. Additionally, the company is diversifying its revenue by investing in renewable energy projects like a 12GW portfolio with Casa dos Ventos. TotalEnergies is an integrated energy company with a focus on oil, biofuels, natural gas, renewables, and electricity.



Read more at Yahoo Finance: TotalEnergies Oil Production Bolstered in Brazil with Mero Field-Strike