0600 GMT - TotalEnergies is exploring oil and gas investments in the U.S., Barclays analyst Lydia Rainforth writes. The French energy major remains focused on cash-accretive growth and its upcoming capital markets day should provide a clearer picture of its strategy through 2035, she adds. Sustaining production beyond 2030 could require higher investment spending, but inflation isn't currently seen as an issue across its portfolio, she writes after a fireside chat with CEO Patrick Pouyanne at the Barclays CEO Energy-Power Conference.
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