TotalEnergies sees no need to bulk up through M&A as business optimized
October 27, 2023 Comments Off
TotalEnergies’ upstream oil and gas portfolio is in good shape, with no need for upstream acquisitions along the lines of those seen in the US, CEO Patrick Pouyanne said Oct. 26. Outlining robust third-quarter results with return on average capital employed over 20%, Pouyanne suggested oil prices were set to remain strong, partly due to demand growth from China and…
TotalEnergies sees no need to bulk up through M&A as business optimized
TotalEnergies’ upstream oil and gas portfolio is in good shape, with no need for upstream acquisitions along the lines of those seen in the US, CEO Patrick Pouyanne said Oct. 26. Outlining robust third-quarter results with return on average capital employed over 20%, Pouyanne suggested oil prices were set to remain strong, partly due to demand growth from China and…
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