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    Christyan Malek

    Research Analyst at JPMorgan Chase & Co.

    Christyan Malek is the Global Head of Energy Strategy and Head of EMEA Energy Equity Research at JPMorgan Chase & Co., specializing in research and advisory across the integrated oil and gas industry, including companies such as Eni S.p.A., Equinor ASA, and TotalEnergies SE. He has delivered expert strategic insight on challenges facing the energy transition, leading influential reports on fossil fuels, renewables, and market-based climate solutions. According to performance tracked by platforms like TipRanks, Malek’s analyst ratings reflect a 33% success rate from 8 stock ratings and an average return of -6.12%. He began his analyst career prior to joining JPMorgan, with prior roles not explicitly listed, and holds professional standing recognized in global energy finance and research.

    Christyan Malek's questions to TotalEnergies (TTE) leadership

    Christyan Malek's questions to TotalEnergies (TTE) leadership • Q1 2024

    Question

    Christyan Malek of JPMorgan Chase & Co. asked about maintaining CapEx discipline for the large-scale Namibia project and questioned if the company might re-emphasize oil and gas investment over its power business to match the cash flows of U.S. peers, possibly in conjunction with a U.S. listing.

    Answer

    CEO Patrick Pouyanné expressed confidence in sanctioning the Namibia project within the existing $17-18 billion annual CapEx framework. Regarding strategy, he stated the Board has asked him to seriously consider a primary listing in New York to improve access for U.S. shareholders. However, he firmly ruled out reallocating capital away from the company's two-pillar strategy, emphasizing consistency and project selectivity.

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