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Commodities•11 February 2026•

1 min read

TotalEnergies Completed Venezuela Oil & Gas Exit in 2022

World map with red downward trends, financial charts on screens, a risk meter, and a pile of gold bars and coins.

TotalEnergies, the prominent energy major, fully divested from its oil and gas operations in Venezuela in 2022. This strategic withdrawal marked a significant shift in the company's portfolio. The decision was primarily driven by a strategic pivot away from heavy and high-sulfur crude oil. This move aligns with TotalEnergies' broader corporate strategy to optimize its asset base. The company aims to focus on more sustainable and profitable ventures within its long-term plans. While the exit was completed some time ago, it underscores the evolving landscape of global energy investments. TotalEnergies continues to reshape its global footprint in line with its energy transition goals.

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