TotalEnergies Wrestles with Weaker Prices Amid Higher Demand

July 18, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--TotalEnergies SE (Courbevoie, France) is facing a dilemma shared by many of its peers in global energy: Its hydrocarbons production is on an upswing, but it continues to see its earnings weaken from low oil and gas prices. The company also is facing a far less receptive audience for its renewable-energy projects in the U.S., although it plans to expand its investment in U.S. liquefied natural gas (LNG) over the next decade. Industrial Info is tracking more than $12.75 billion worth of active and proposed projects across the U.S. and Canada from TotalEnergies, more than 75% of which is attributed to power-generation projects. TotalEnergies said it expects global hydrocarbon production for the second quarter of 2025 to grow about 2.5% from the 2.44 million barrels of oil equivalent per day (BOE/d), when compared with the same period last year. But the average price for its hydrocarbon products dropped from $72.20 per barrel in the first quarter to $65.60. Other companies featured: BP plc, Shell plc, NextDecade and Trina Solar