TotalEnergies (TTE FP) CEO says on Venezuela, we were there but were obliged to leave, we are always evaluating options; if you’re talking about adding 1mln barrels per day, it will cost USD 100bln

The TotalEnergies CEO's comments on Venezuela reflect an ongoing strategic evaluation regarding their operations in a politically sensitive region.

Newsquawk StaffPublished 13 Jan 2026, 12:47 UTCOn the live feed at 12:27 UTC — 4 more headlines followed before this page went public

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TotalEnergies (TTE FP) CEO says on Venezuela, we were there but were obliged to leave, we are always evaluating options; if you’re talking about adding 1mln barrels per day, it will cost USD 100bln

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Context

The mention of a potential $100 billion investment to increase output by one million barrels per day highlights both the significant capital required for energy expansion and the complexities of operating in Venezuela's current environment, which may affect their planning and the broader oil market.

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