TotalEnergies announced on August 6, 2025, that its affiliate Total Austral has agreed to sell its 45% interest in two unconventional oil and gas blocks to Argentina's YPF for $500 million. This transaction is part of TotalEnergies' ongoing portfolio optimization.
The divestment allows TotalEnergies to reallocate capital to other strategic projects, aligning with its disciplined capital allocation framework. The blocks are located in a key South American hydrocarbon basin.
For investors, this significant divestiture demonstrates TotalEnergies' active management of its upstream assets, focusing on maximizing value and refining its portfolio. The proceeds from the sale can be used to fund new investments or strengthen the company's balance sheet.
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