Strategy
United States: a growth engine for TotalEnergies
Present in the United States since 1957, TotalEnergies is accelerating its ambitious growth strategy based on its integrated multi-energy model. Since 2022, we have invested more than $11 billion in the country to strengthen our positions in two areas: Oil & Gas, particularly LNG, and the electricity value chain. Here is an overview.
© TENZO Tommy - TotalEnergies
Historic presence across the oil value chain
TotalEnergies has been active in U.S. offshore for decades, bringing its expertise to a portfolio of non-operated oil assets. We work closely with Chevron and hold interests in four producing offshore assets: Jack (25%), Tahiti (17%), Anchor (37.1%) - a floating unit designed to minimize greenhouse gas emissions thanks to a fully electric configuration - and Ballymore (40%), which came onstream this year. We have expanded this collaboration by acquiring a 25% stake in a portfolio of 40 offshore exploration licenses operated by Chevron. These positions align with the Company’s strategy of focusing on low-cost, low-emission oil projects.
As a long-standing downstream player in the U.S., we also create value across the entire petroleum product chain, leveraging our refining and petrochemical assets. At our Port Arthur platform in Texas, we refine up to 238,000 barrels of oil per day and produce chemical intermediates with our two joint-venture steam crackers. This upstream-downstream integration enables TotalEnergies to better withstand commodity price fluctuations, capture margins when markets are favorable, and develop innovative technological solutions through synergies between its business lines.