ENXTPA:TTEOil and Gas
TotalEnergies Shifts U.S. Capital From Offshore Wind To Gas And LNG
TotalEnergies is exiting the U.S. offshore wind sector and giving up key leases following an agreement with the U.S. government.
The company plans to redirect nearly $1b from planned offshore wind projects to U.S. gas and LNG activities.
The decision represents a change in how TotalEnergies allocates capital across its U.S. energy portfolio.
For investors watching ENXTPA:TTE, this move comes with the stock at €76.0 and strong multi year returns, up 35.5% year to date, 39.4% over 1 year and...