Inferra AI / Company / TTE / Slides
TotalEnergies — Presentation (company IR deck)
TotalEnergies (TTE) · 46 slides · Filed Oct 21, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All TTE deck slides
Slide 1
Slide 2
Slide 3
Slide 4
Slide 5
Slide 6
Slide 7
Slide 8
Slide 9
Slide 10
Slide 11
Slide 12
Slide 13
Slide 14
Slide 15
Slide 16
Slide 17 — Al Shaheen, Qatar
Al Shaheen, Qatar
Slide 18 — Delivering Oil & Gas production growth
25 50 2020 2025 2026 2030 or sooner Upstream Delivering Oil & Gas production growth * Oil & Gas activities, including Downstream, excluding CCGTs 0.5 1.0 1.5 2.0 2.5 3.0 2025 2028 2030 > +3%/y Ima (NLNG T7) Absheron Ph2 Mozambique LNG Sepia 2 Atapu 2 Iraq GGIP Uganda Al Shaheen Ph3 GranMorgu Kaminho Ubeta (NLNG T7) Cronos Marsa LNG Qatar NFE & NFS Gas Oil More Oil & Gas, less emissions SEC Production Mboe/d Scope 1+2 Oil & Gas* Mt CO2e, Operated activities Methane emissions kt CH4, Operated activities -65% vs. 2020 -70% vs. 2020 15 40 2015 2020 2025 2030 -38% vs. 2015 -50% vs. 2015 46 -80% vs. 2020 64 25 50 September 2026 – Strategy and Outlook | 18
Slide 19 — Delivering Oil & Gas cash flow growth
Delivering Oil & Gas cash flow growth Upstream CFFO B$ 5 10 15 20 25 2025* 2028 2030 +4 - 5 B$ * 2025 Upstream CFFO rebased at 80 $/b Brent and 8 $/Mbtu TTF ** ASC 932 60 | 80 8 Brent ($/b) TTF ($/Mbtu) 60 | 80 8 60 $/b 60 | 80 8 60 $/b Accretive < 20 $/boe Capex + Opex < 5 $/boe Upstream OPEX** Cost efficient > 25 $/boe Projects CFFO 2027-30 at 60 $/b ~17 $/boe 2025 at 60 $/b vs. Diversified Geography Africa, US, Americas, MENA Thematics LNG, Deepwater, Onshore 60 $/b September 2026 – Strategy and Outlook | 19 Upstream
Slide 20 — 100% of 2030 production sanctioned
Focusing on project execution 100% of 2030 production sanctioned 0.5 1.0 1.5 2.0 2.5 3.0 2025 2028 2030 Existing Portfolio 2025-26 Start-ups Post-FID SEC Production Mboe/d > +3%/y Capacity Share Op. First Oil Ratawi Ph1 Iraq 120 kboe/d 45% l Q4 2026 Kingfisher Tilenga Uganda 230 kboe/d 56.7% l Q4 2026 H1 2027 Al Shaheen Ph3 Qatar 165 kboe/d 30% 2027 Kaminho Angola 70 kboe/d 40% l 2028 GranMorgu Suriname 220 kboe/d 40% l 2028 Ratawi Ph2 Iraq 90 kboe/d 45% l 2028 Atapu 2 Brazil 225 kboe/d 15% 2029 Sepia 2 Brazil 225 kboe/d 16.9% 2029 Capacity Share Op. First Gas/LNG NFE Qatar 32 Mt/y 6.25% 2027 Ubeta Nigeria 70 kboe/d 40% l 2027 Nigeria LNG T7 Nigeria 7.6 Mt/y 15% 2027 NFS Qatar 16 Mt/y 9.375% 2028 Marsa LNG Oman 1 Mt/y 80% l 2028 Cronos Cyprus 2.8 Mt/y 50% 2028 Ima Nigeria 60 kboe/d 40% l 2028 Mozambique LNG Mozambique 13 Mt/y 26.5% l 2029 Absheron Ph2 Azerbaijan 110 kboe/d 35% l 2029 Gas & LNG Oil September 2026 – Strategy and Outlook | 20 Upstream
Slide 21 — Continuous exploration effort paying off
Developing commercial discoveries and exploring for future growth Continuous exploration effort paying off Reserves & resources Bboe > 3 Bboe discoveries sanctioned or pre-FID Innovative AI & Geosciences program ~150 M$ multi-year joint program with Mistral AI Developing a new generation of foundation model to support TotalEnergies’ experts in exploring, characterizing and developing Oil & Gas reservoirs Sustaining our 1 B$/y exploration & appraisal effort 0 2 4 2024 2026 2027+ FID Contribution to 2030 growth Contribution to 2030+ growth GranMorgu Absheron Ph2 Venus Offshore Nigeria (Preowei, Ntokon Owowo) Suriname 2027-28 exploration program Exploration zones of interest Sapakara-South Krabdagu Block 58 Block 53 Oil discovery Oil prospect Planned wells 10 km US Gulf Suriname Southeast Asia Orange Basin Gulf of Guinea Norway Brazil East Med September 2026 – Strategy and Outlook | 21 Upstream
Slide 22 — 2030+: solid base to set the ambition
2030+: solid base to set the ambition for 2-3%/y production growth 1 2 3 2030 2032 2035 SEC Production Mboe/d ~-3%/y baseline decline Ambition +2-3%/y 2030 baseline Identified projects New projects to be identified Drilling in Namibia Identified projects contributing to maintain 3 Mboe/d plateau until 2035 Venus Namibia Preowei Nigeria Ntokon Nigeria North Gialo Libya Mopane Namibia Owowo Nigeria Oil Gas Papua LNG PNG Moz. LNG Ph2 Mozambique Kenyalang Malaysia Track record in Exploration and DRO* access allows the ambition of 2-3%/y growth to 2035 September 2026 – Strategy and Outlook | 22 * DRO = Discovered Resource Opportunities Upstream
Slide 23 — ECA LNG, Mexico
ECA LNG, Mexico
Slide 24 — A growing and diversified LNG portfolio
2030 A growing and diversified LNG portfolio * Contracted sales by TotalEnergies from equity production and third-party purchases. Excluding equity JV sales to third parties ** Excluding sales from Yamal LNG from 2028 LNG sales* Mtpa 2030 - by destination 10 20 30 40 2025 2028 2030 MT & LT third-party offtakes From TotalEnergies LNG assets** Asia Europe Americas From spot purchases > 45 Mtpa ~5 Mtpa Flexible 10 20 30 40 2025 2028 2030 LNG equity production Mtpa ECA NFE NLNG T7 RG LNG T1-3 Marsa LNG Cronos NFS Ruwais LNG Moz. LNG RG LNG T4 > +10%/y CAGR 2025-30 Africa North America MENA Asia Europe Sold to TotalEnergies Sold by JVs to third parties Integrated LNG September 2026 – Strategy and Outlook | 24
Slide 25 — Doubling Integrated LNG CFFO
CFFO outlook underpinned by a growing asset and sales base Top-tier LNG projects under construction Access to competitive US LNG supply Diversified portfolio combining resilience and ability to capture spikes from disruptions Further diversifying our downstream options in Europe: regasification, LNG-to-power, B2B/B2C… Doubling Integrated LNG CFFO Integrated LNG Integrated LNG CFFO B$ September 2026 – Strategy and Outlook | 25 5 10 2025* 2028 2030 Midstream & Downstream CFFO +4 - 5 B$ Upstream CFFO LNG Sales 2025* 80 8 | 3.5 11 2028 80 8 | 3.5 11 2030 80 8 | 3.5 11 Brent ($/b) TTF | HH ($/Mbtu) Average LNG price ($/Mbtu) * 2025 CFFO rebased at 80 $/b Brent and 8 $/Mbtu TTF
Slide 26 — Delivering our competitive projects, well positioned
Delivering our competitive projects, well positioned to supply consuming regions and capture margins Capacity Mt/y Share First LNG ECA Mexico 3 16.6% July 2026 NFE Qatar 32 6.25% 2027 NLNG T7 Nigeria 7.6 15% 2027 Rio Grande T1-3 US 17.5 16.7%* 2027 NFS Qatar 16 9.375% 2028 Marsa LNG Oman 1 80% 2028 Ruwais LNG UAE 9.6 10% 2028 Mozambique LNG Moz. 13 26.5% 2029 Rio Grande T4 US 6 10%* 2030 under construction LNG projects merit curve $/Mcf DES Asia, breakeven at 11% discount LNG projects pipeline Integrated LNG * Direct interest. TotalEnergies holds an additional indirect interest in Trains 1-3, 4 and 5 through its 16.9% shareholding in NextDecade ** Subject to closing (expected in 4Q26) and after state back-in Sources: Merit curve: 2026 Goldman Sachs Top Projects (HH = 3.5 $/Mcf) TotalEnergies projects: internal data, shareholder view September 2026 – Strategy and Outlook | 26 Papua LNG PNG 6 20%** Pre-FID Cumulative peak production (kboe/d) 4 8 12 0 2 000 4 000 6 000 8 000 10 000 12 000 Qatar NFE/NFS Rio Grande LNG T1-4 Marsa LNG Mozambique LNG ECA Ruwais LNG Papua LNG
Slide 27 — A resilient portfolio, with options to capture market
10 A resilient portfolio, with options to capture market opportunities Integrated LNG * Contracted sales by TotalEnergies from equity production and third-party purchases. Excluding spot volumes and equity JV sales to third parties September 2026 – Strategy and Outlook | 27 LNG portfolio* net exposure Mt Sales Supply JKM - TTF Brent HH 2026 2028 2030 A diversified and resilient portfolio 2026: No Force Majeure passed to our customers Portfolio strategically set up for geographical arbitrage between Europe and Asia ~20 Mtpa regas capacity in Europe, further diversifying our access to different markets (Italy, Belgium…) • Create incremental value through LNG-to-power chain Spot gas price exposure largely mitigated through LT oil-linked sales, mostly in Asia Retaining volume flexibilities to capture some upsides from JKM/TTF and spot gas/oil spreads
Slide 28 — Leuna refinery, Germany
Leuna refinery, Germany
Slide 29 — Downstream: consistently delivering cash flow
5 10 2022 2023 2024 2025 2026e September 2026 – Strategy and Outlook | 29 Downstream: consistently delivering cash flow through cycles Downstream FCF* growth: > 1 B$ 2030 vs. 2025 at same nominal price deck Downstream, a resilient cash engine ready to capture market upsides Refining & Chemicals: maximizing availability to capture high cycles and be resilient to low cycles Marketing & Services: value over volume, a recurring source of cash through cycles Downstream Downstream Downstream CFFO B$ M&S R&C ERM ($/b) 12.3 9.5 5.3 7.1 20 * Free cash flow = CFFO – Net investments – Leases – Third-party cash flows
Slide 30 — R&C: restored operational excellence,
September 2026 – Strategy and Outlook | 30 Downstream R&C: restored operational excellence, focusing on availability to capture high cycles 3 2025* 2030 R&C CFFO B$ ERM ($/b) Short term: making the most of the high cycle Jet and diesel production maximized to supply strong demand since the SoH disruption Normandie turnaround postponed to 2027 Donges: new gasoline scheme operational, supplying the European market Port Arthur - US Restored reliability (reformer, steam generation) following successful turnaround in 2025 Record distillates (jet and diesel) and gasoline production Cash generation YTD 2026: > 500 M$ Restored operational excellence program delivering results Lowest level of unplanned events since 2017 4% 6% 8% 10% 12% 2021 2023 2025 Unplanned events 6 6 2022 2024 1H26 * 2025 R&C CFFO restated at 6 $/b ERM
Slide 31 — M&S: value over volume, focused on profitability
M&S: value over volume, focused on profitability Downstream Retail networks Focusing on high market share geographies (France, Africa) Complementing retail margins through non-fuel sales Lubricants Lubricants business driven by value over volume, in a dedicated business unit Differentiation through high-end industrial applications and circular lubricants (RRBOs*) EV charging Adapting investment to actual market penetration Focusing on high-value charging hubs Low equity business model through partnerships and leverage 1 2 2025 2030 M&S CFFO B$ September 2026 – Strategy and Outlook | 31 * Re-Refined Base Oils
Slide 32 — Italy
Italy
Slide 33 — Integrated Power: delivering targets, strengthening
September 2026 – Strategy and Outlook | 33 Integrated Power: delivering targets, strengthening integration, growing value Profitably growing to 20% of Company’s energy mix by 2030 Electricity generation Company share, TWh 50 100 2021 2025 2026 2028 2030 Flexible generation ~1/3 Renewables ~2/3 > 20% CAGR 100 - 120 TWh A proven business model, 2030 targets confirmed Free cash flow positive from 2027, balanced in 2026 Growing power production by > 10 TWh/y Profitability on track to reach 12% by 2030 Driving superior value through integration Gas-to-power integration in Europe Growing an integrated power production portfolio (renewables, CCGT and BESS) delivering Clean Firm Power … … in key deregulated markets (US, Europe, Brazil) to capture market volatility and spikes through trading activities … … and deliver resilient marketing cash flow by selling power to large B2B (Corporate PPA) and retail customers Integrated Power
Slide 34 — TTEP*: A differentiated gas-to-power platform, driving
TTEP*: A differentiated gas-to-power platform, driving cash flow growth through integration in Europe Contribution to Integrated Power CFFO B$ Growing cash from TTEP assets through flexible capacity growth (UK refurbishment, Italy start-ups, new projects) Growing cash from trading and marketing of increased volumes (20 TWh in 2030) combined with stronger integration in key geographies (Italy, NL and UK) 1 2026 2027 2030 ~30% From direct electron sales by TotalEnergies TTEP gross margin B$, 100% TTEP ~750 M$ > 500 M$ 1 2 2027-30 Revenues from gas tolling Revenues from capacity remuneration and contracted revenues Fixed costs September 2026 – Strategy and Outlook | 34 High-quality cash generation and secured contracted revenues cover fixed costs and allow attractive debt funding by TTEP Tolling contracts implemented with TotalEnergies and EPH to enable integration with trading and marketing Integrated Power * Company jointly owned (50/50) by EPH and TotalEnergies, established end of April 2026 ~70% from TTEP assets
Slide 35 — Key levers to reach ~12% ROACE target
Key levers to reach ~12% ROACE target Integrated Power Develop & Produce better: scale and costs reduction Improved to 2nd quartile* in Europe for solar projects in 2025-26 (vs. 3rd quartile in 2023) Positioning our assets on 1st quartile by leveraging our size and procurement network Sell better: Clean Firm Power > 6 TWh of CFP contracts secured in 2025-26 Proven track record of farm-downs Underpinned by the size, diversity of our portfolio and the quality of our signature • 2025: 1.4 GW net capacity sold in EU & US • 2026: 0.6 GW net capacity sold in EU Expanding an existing partnership Supporting a decarbonization journey through Clean Firm Power supply, fully integrated in the UK Monetizing additional services Combining CFP supply with PPA management and solar aggregation services to maximize value creation Multi-country power supply 3.3 TWh in the UK and Germany from greenfield renewable projects and flexible assets $ FD Capital recycled through farm-downs B$ 2 2021 2022 2023 2024 2025 2026-30 > 2 B$/y $ FD Capital employed per MWh produced $/MWh 500 2023 2025 2028 2030 > -40% vs. 2023 September 2026 – Strategy and Outlook | 35 * 2025-26 McKinsey benchmark -20% vs. 2023
Slide 36 — Beyond 2030: pursuing growth at the same pace
Beyond 2030: pursuing growth at the same pace on selected markets Integrated Power Electricity growing to 25% of Company’s energy mix by 2035 Electricity generation Company share, TWh 50 100 150 2025 2030 2035 Renewables ~2/3 +10-12 TWh/y Flexible generation ~1/3 +10-12 TWh/y Priority to grow in the US & Europe Further gas-to-power integration opportunities in the US & Europe Extensive renewable pipeline to promote Clean Firm Power to premium customers US ERCOT (Priority) & PJM • growing market, supported by datacenter boosting demand • increasing peak demand and price spikes > 20 GW renewable development pipeline Europe Focusing on selected countries with gas-to-power tailwinds (Italy, UK, Germany) France: retail + access to nuclear September 2026 – Strategy and Outlook | 36
Slide 37 — Integrated Power: a differentiated catalyst for stock re-rating
September 2026 – Strategy and Outlook | 37 Integrated Power: a differentiated catalyst for stock re-rating 2.5 5.0 2025 2026 2028 2030 CFFO B$ ~5 Production Renewables + Flexible Sales Trading and Retail ~4 > 3 3 2025 2026 2028 2030 Net Income B$ Equity value > 50 B$ in 2030 based on a P/E multiple of 15x as per utilities benchmark ~4 ~2 Integrated Power
Slide 38
Slide 39 — More oil & gas, more power, less emissions,
September 2026 – Strategy and Outlook | 39 Investing in TotalEnergies More oil & gas, more power, less emissions, delivering superior free cash flow growth GHG emissions Scope 1+2 from O&G operated facilities(1) MtCO2e 20 40 2015 2025 2030 100 2015 2025 2030 Lifecycle carbon intensity of sales(2) Scope 1+2+3, base 100 in 2015 -25% -50% (1) Oil & Gas activities, including Downstream, excluding CCGTs (2) Lifecycle carbon intensity of energy products sold – See Sustainability & Climate 2026 Progress Report Glossary (3) 2025 FCF rebased at 80 $/b Brent, 8 $/Mbtu TTF and 6 $/b ERM * At same nominal price deck 10 20 2025 2028 2030 Integrated Power Oil & Gas 60 $/b 60 I 80 8 6 Brent ($/b) TTF ($/Mbtu) ERM ($/b) 60 | 80 8 6 (3) Free Cash Flow B$ 60 $/b ~+10 B$ at same price deck* Energy production Mboe/d 1 2 3 2025 2030 +4%/y ~40% ~40% ~20% Oil Electricity Low-carbon molecules Gas 60 $/b
Slide 40 — Committing to dividend growth of > +5%/y to 2030
Investing in TotalEnergies Underpinned by strong visibility on free cash flow growth Committing to dividend growth of > +5%/y to 2030 Priority to sacrosanct dividend No dividend cut in 2020, ~+35% growth since 2021 2026 interim dividend growth of +5.9% in €/share Confirmed visibility on free cash flow growth to 2030, even at lower commodity prices > +5%/y Dividend growth per year for financial years 2026 to 2030 Exxon Chevron Quarterly dividend* Base 100 in 2019 30 65 100 135 2019 2020 2021 2022 2023 2024 2025 2026 September 2026 – Strategy and Outlook | 40 * Second-quarter interim dividend, in declared currency Shell BP
Slide 41 — Sustaining shareholder payout > 40% while
Sustaining shareholder payout > 40% while deleveraging the Company September 2026 – Strategy and Outlook | 41 Investing in TotalEnergies 10 20 30 40 90 20 20 2026 CFFO and cash flow allocation B$ CFFO Brent ($/b) TTF ($/Mbtu) ERM ($/b) * Assuming 1.15 $/€ for last interim payment expected in October 2026 Capital investment & Leases Dividend* Buybacks 2Q26–1Q27 40% of 2026 CFFO returned to shareholders from 2Q26 to 1Q27 < 10% as early as end 2026 4Q26: 2.5 B$ 1Q27: 2-2.5 B$ Deleveraging the Company Adjusting buybacks
Slide 42 — Strong free cash flow supporting
September 2026 – Strategy and Outlook | 42 Strong free cash flow supporting growing distributions and deleveraging Investing in TotalEnergies +3 B$/y for +10 $/b Brent +0.4 B$/y for +2 $/Mbtu TTF +0.4 B$/y for +1 $/b ERM CFFO sensitivities The Link, France 50 100 150 60 $/b 80 $/b 2026-30 Cumulative CFFO B$ Disciplined Capital Investment Dividend inc. 5%/y growth < 35 $/b Post-dividend breakeven in 2030 Brent ($/b) TTF ($/Mbtu) ERM ($/b) Disciplined Capital Investment ~100 B$ Cumulative free cash flow at 80 $/b 60 80 8 8 6 6 Dividend inc. 5%/y growth Available for net debt reduction & share buybacks Leases & others* * Others include notably third-party cash flows Free cash flow = CFFO – Net investments – Leases – Third-party cash flows Leases & others*
Slide 43 — The differentiated and profitably growing energy company
Delivering accretive growth from low-cost Upstream portfolio Competitive LNG growth well positioned to arbitrate European and Asian markets Integrated Power free cash flow positive from 2027, balanced in 2026 Strong visibility on growth towards 2035 With disciplined Capital Investments Outstanding FCF 26-30 growth +4 $/sh From both strategic pillars Strong balance sheet Gearing < 10% The differentiated and profitably growing energy company More oil & gas, more power, less emissions, growing free cash flow > 40% payout through cycles supported by a > 5%/y dividend growth
Slide 44 — Our ordinary shares now trade since Dec. 8, 2025
September 2026 – Strategy and Outlook | 44 Investing in TotalEnergies Our ordinary shares now trade since Dec. 8, 2025 Celebrating 35 years on the NYSE
Slide 45 — September 2026 – Strategy and Outlook | 45
September 2026 – Strategy and Outlook | 45 The information on risk factors that could have a significant adverse effect on TotalEnergies’ business, financial condition, including its operating income and cash flow, reputation, outlook or the value of financial instruments issued by TotalEnergies is provided in the most recent version of the Universal Registration Document which is filed by TotalEnergies SE with the French Autorité des Marchés Financiers and the annual report on Form 20-F filed with the SEC. Additionally, the developments of climate change and other environmental or social-related issues in this document are based on various frameworks and the interests of various stakeholders which are subject to evolve independently of our will. Moreover, our disclosures on such issues, including disclosures on climate change and other environmental or social-related issues, may include information that is not necessarily “material” under US securities laws for SEC reporting purposes or under applicable securities law. In addition to IFRS measures, certain alternative performance indicators are presented, such as performance indicators excluding the adjustment items described below (adjusted net operating income, adjusted net income), net cash flow, free cash flow after organic investments, normalized gearing, return on equity (ROE), return on average capital employed (ROACE), gearing ratio, cash flow from operations excluding working capital, debt adjusted cash flow, and the payout ratio. These indicators are meant to facilitate the analysis of the financial performance of TotalEnergies and the comparison of income between periods. They allow investors to track the measures used internally to manage and measure the performance of TotalEnergies. Financial information by business segment is reported in accordance with the internal reporting system and shows internal segment information that is used to manage and measure the performance of TotalEnergies. TotalEnergies measures performance at the segment level on the basis of adjusted net operating income. These adjustment items include: (i) Special items Due to their unusual nature or particular significance, certain transactions qualifying as “special items” are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent, or unusual. However, in certain instances, transactions such as restructuring costs or assets disposals, which are not considered to be representative of the normal course of business, may qualify as special items although they may have occurred in prior years or are likely to occur in following years. (ii) The inventory valuation effect In accordance with IAS 2, TotalEnergies values inventories of petroleum products in its financial statements according to the First-In, First-Out (FIFO) method and other inventories using the weighted-average cost method. Under the FIFO method, the cost of inventory is based on the historic cost of acquisition or manufacture rather than the current replacement cost. In volatile energy markets, this can have a significant distorting effect on the reported income. Accordingly, the adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. This method is used to assess the segments’ performance and facilitate the comparability of the segments’ performance with those of its main competitors. In the replacement cost method, which approximates the Last-In, First-Out (LIFO) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end prices differential between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is the difference between the results under the FIFO and the replacement cost methods. (iii) Effect of changes in fair value The effect of changes in fair value presented as an adjustment item reflects, for trading inventories and storage contracts, differences between internal measures of performance used by TotalEnergies’ Executive Committee and the accounting for these transactions under IFRS. IFRS requires that trading inventories be recorded at their fair value using period-end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices. TotalEnergies, in its trading activities, enters into storage contracts, whose future effects are recorded at fair value in TotalEnergies’ internal economic performance. IFRS precludes recognition of this fair value effect. Furthermore, TotalEnergies enters into derivative instruments to risk manage certain operational contracts or assets. Under IFRS, these derivatives are recorded at fair value while the underlying operational transactions are recorded as they occur. Internal indicators defer the fair value on derivatives to match with the transaction occurrence. The adjusted results (adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted for special items, excluding the effect of changes in fair value. Euro amounts presented for the fully adjusted-diluted earnings per share represent dollar amounts converted at the average euro-dollar (€-$) exchange rate for the applicable period and are not the result of financial statements prepared in euros. Cautionary Note to U.S. Investors – U.S. investors are urged to consider closely the disclosure in the Form 20-F of TotalEnergies SE, File N° 1-10888, available from us at 2, place Jean Millier – Arche Nord Coupole/Regnault – 92078 Paris-La Défense Cedex, France, or at the Corporation website totalenergies.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website sec.gov. Unless otherwise stated, the terms “TotalEnergies”, “TotalEnergies company” and “Company” in this document are used to designate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate and independent legal entities. The term “Corporation” as used in this document exclusively refers to TotalEnergies SE, which is the parent company of the Company. This document may contain forward-looking statements (including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995), notably with respect to the financial condition, results of operations, business activities and strategy of TotalEnergies and expectations regarding returns to stockholders, including with respect to future dividends and share buybacks. This document may also contain statements regarding the perspectives, objectives, areas of improvement and goals of TotalEnergies SE, including with respect to climate change and carbon neutrality. An ambition expresses an outcome desired by TotalEnergies, it being specified that the means to be deployed do not depend solely on TotalEnergies. These forward-looking statements may generally be identified by the use of the future or conditional tense or forward- looking words such as “will”, “should”, “could”, “would”, “may”, “likely”, “might”, “envisions”, “intends”, “anticipates”, “believes”, “considers”, “plans”, “expects”, “thinks”, “targets”, “commits”, “aims” or similar terminology. Such forward- looking statements included in this document are based on economic data, estimates and assumptions prepared in a given economic, competitive and regulatory environment and considered to be reasonable by TotalEnergies as of the date of this document. These forward-looking statements are not historical data and should not be interpreted as assurances that the perspectives, objectives or goals announced will be achieved. They are uncertain and may evolve or be modified with a significant difference between the actual results and those initially estimated, due to the uncertainties notably related to the economic, financial, competitive and regulatory environment, or due to the occurrence of risk factors, such as, notably, the price fluctuations in crude oil and natural gas, the evolution of the demand and price of petroleum products, the changes in production results and reserves estimates, the ability to achieve cost reductions and operating efficiencies without unduly disrupting business operations, changes in laws and regulations including those related to the environment and climate, currency fluctuations, technological innovations, meteorological conditions and events, as well as socio- demographic, economic and political developments, changes in market conditions, loss of market share and changes in consumer preferences, pandemics, and other risk factors described from time to time in the Corporation regulatory filings, including its Universal Registration Document filed with the French Autorité des Marchés Financiers, its Annual Report on Form 20 F filed with the United States Securities and Exchange Commission (“SEC”) and its other reports filed or furnished with the SEC. Future interim or final annual dividends payments beyond the interim dividend payable on January 5th, 2027 (or January 22nd, 2027, for holders on the U.S. register) have not yet, respectively, been decided by the Board of Directors or approved by shareholders at a General Meeting. Management’s expectations with respect to such future dividends are “forward- looking statements” and are non-binding. The Board of Directors retains full discretion to decide to distribute an interim dividend and to set the amount and date of the distribution and decide on the dividend to be submitted for approval by shareholders at a General Meeting, based on a number of factors, including TotalEnergies’ financial results, balance sheet strength, cash and liquidity requirements, future prospects, commodity prices, and other factors deemed relevant by the Board. Readers are cautioned not to consider forward-looking statements as certain, but as an expression of the Corporation’s views only as of the date this document is published. TotalEnergies SE and its subsidiaries have no obligation, make no commitment and expressly disclaim any responsibility to investors or any stakeholder to update or revise, particularly as a result of new information or future events, any forward-looking information or statement, objectives or trends contained in this document. In addition, the Corporation has not verified and is under no obligation to verify any third-party data contained in this document or used in the estimates and assumptions or, more generally, forward-looking statements published in this document.
Slide 46 — For more information go to
Corporate Communications TotalEnergies SE 2, place Jean-Millier 92400 Courbevoie, France Tel.: +33 (0)1 47 44 45 46 Share capital: €5,704,141,785.00 Registered in Nanterre: RCS 542 051 180 For more information go to