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Totalenergies — Technical Presentation (November 2025)
28 slides from Totalenergies's technical presentation, Nov 4, 2025
Slide 1: TotalEnergies Energy Outlook 2025
TotalEnergies November 4th, 2025 Neptune1Floating I Storage and Regasification Unit (FSRU) – Turkey
Slide 2: Energy access is essential to human development
Energy access is essential to human development UN Human Development Index 1,0 Asia OECD North America 0,9 Today Europe Middle East ~4.6 bn Latin people lack 0,8 America access to energy Central Asia (below ̴ 70 GJ/capita) Asia 0,7 non-OECD 0,6 Africa Primary Energy Demand 0,5 per capita (GJ/capita)
Slide 3: Looking back: what has happened since the 2015 Paris Agreement
PART 1 Looking back: what has happened since the 2015 Paris Agreement Analysis3with I the AUSEA drone of emissions at the Cidade de Caraguatatuba FPSO (MV 27), at the Lapa Field - Brazil
Slide 4: Evolution of global energy indicators since 2000
ENERGY AND EMISSIONS Part 1 Looking back Evolution of global energy indicators since 2000 Primary energy demand grows slower than GDP as CO2 emissions start to decouple Evolution since 2000 2000=100 Compound Annual Growth Rates (CAGR) 230 2000-2024e 2023-2024e 220 GDP 3.3% 3.2% 210 Electricity deman
Slide 5: Global and Energy-related GHG emissions
ENERGY AND EMISSIONS Part 1 Looking back Global and Energy-related GHG emissions Coal in electricity generation is the single largest source of emissions Global anthropogenic GHG emissions in 2023 Global energy-related GHG emissions in 2023 GtCO2e GtCO2e Methane from 0 5 10 15 Methane from the energ
Slide 6: Recent trends across regions
ENERGY AND EMISSIONS Part 1 Looking back Recent trends across regions Emissions have grown less than energy demand since 2015 Total Primary Energy Demand (TPED) growth Energy-related CO2 emissions evolution EJ GtCO2 CAGR CAGR CAGR CAGR 2000-2015 2015-2024 2000-2015 2015-2024 35 657 +2.1 % +1.6 % Wor
Slide 7: The United States
COUNTRY FOCUS Part 1 Looking back The United States Between 2015 and 2025, the U.S. has become a net exporter of oil and gas Oil products* production by region LNG exports by region Fuel shares and emissions of the U.S. electricity mix Mb/d, % of global production Mtpa, % of total supply % of fuel (
Slide 8: China: The rise of clean energy superpower
COUNTRY FOCUS Part 1 Looking back China The rise of clean energy superpower Electricity supply in China by fuel, 2000-2024e China’s market shares of new supply chains TWh % of China vs. rest of the world in 2024e*** - Electricity generation growth: 10 000 +9%/year from 2000 to 2024 4% - Zero-carbon
Slide 9: Electricity generation mix
TECHNOLOGY Part 1 Looking back Electricity generation mix Energy security and affordability supported by coal in emerging countries, with CO2 intensity reduction driven by renewables and increased coal efficiency World electricity generation by fuel* Coal-fired generation capacity annual additions a
Slide 10: Cost of producing 24/7 reliable electricity
TECHNOLOGY Part 1 Looking back Cost of producing 24/7 reliable electricity While costs have fallen sharply, solar PV remains more expensive than natural gas for delivering 24/7 reliable electricity Cost of wind and solar capacity* Cost of a 24/7 reliable electricity – EU example** $/kW (2010-2023) P
Slide 11: System transformation required to integrate renewables
TECHNOLOGY Part 1 Looking back System transformation required to integrate renewables Effective renewables deployment now limited by the absorption capacity of the electricity system Frequency of negative electricity Annual variable renewables Annual network buildout required prices* technical curta
Slide 12: Affordability and security vs. transition
POLICIES Part 1 Looking back Affordability and security vs. transition Throughout the world, priority is given to energy security and affordability TPED growth by fuel – India & Rest of World* EV sales in Germany** Heat pump sales in EU*** EJ % sales Million units End of subsidies Scale-back of subs
Slide 13: Electric Vehicle penetration and performance
TECHNOLOGY Part 1 Looking back Electric Vehicle penetration and performance Despite major technological progress and cost declines, barriers to widespread adoption remain Evolution of EV LVs sales* Charging time to recover Average Prices for Top 10 Best-Selling BEV Millions, % of EVs in country LV s
Slide 14: Looking ahead
PART 2 Looking ahead 14 I The Yunlin offshore wind farm off Taiwan
Slide 15: Comparing emission pathways across the scenarios
THREE SCENARIOS Comparing emission pathways across the scenarios Trends Momentum Rupture Emissions (GtCO2*) Emissions (GtCO2*) Emissions (GtCO2*) Reference: assuming recent trends Goal-driven: OECD near Net Zero 50, Goal-driven: well-below 2°C in policies and technologies hold China near Net Zero 60
Slide 16: Primary Energy Demand in 2050
THREE SCENARIOS Primary Energy Demand in 2050 From sustained transition to global transformation World Total Primary Energy Demand (TPED) The Trends scenario assumes that Coal demand EJ gradually declines, particularly in China’s power sector. Governments policies supporting electric 800 760 vehicle
Slide 17: Electricity demand by sectors
COMMON FEATURES Electricity demand by sectors In all scenarios, electricity demand increases, driven by new uses Historically, electricity demand has been Electricity demand evolution by sectors largely driven by GDP. In the future, new uses, TWh, excluding H2 production use in addition to economic
Slide 18: Gas demand growth over the last years
COMMON FEATURES Gas demand growth over the last 20 years Gas demand has increased across all regions and sectors, except in Europe Gas demand by regions Gas demand by sectors Bcm* Bcm* CAGR CAGR 2000-24 2000-24 Part 2 Looking ahead 4500 4200 4500 4200 +2.3 % +2.3 % 3920 3920 4000 4000 +2.5 % Recent
Slide 19: Gas demand growth over the next years
COMMON FEATURES Gas demand growth over the next 25 years Demand is expected to grow until the 2040s, then plateau Gas demand by regions, Trends scenario Gas demand by sectors, Trends Scenario Bcm* Bcm* CAGR CAGR 2024-50 2024-50 Part 2 Looking ahead 5000 4 630 5000 4 630 4 560 4 620 +0.4 % 4 560 4 62
Slide 20: Oil products demand growth over the next years
COMMON FEATURES Oil products demand growth over the next 25 years Demand is expected to remain stable until 2040, then slowly decline Oil products* demand by regions, Trends scenario Oil products* demand by sectors, Trends scenario Mb/d Mb/d CAGR CAGR 2024-50 2024-50 Part 2 Looking ahead 120 120 -0.
Slide 21: Oil & Gas fields natural decline - an update from the IEA
COMMON FEATURES Oil & Gas fields natural decline - an update from the IEA IEA analysis shows new field developments are needed across all scenarios Oil production with no investment from given year Oil production under varying average annual upstream Mb/d Investment levels and demand benchmarks Mb/d
Slide 22: Energy systems inertia
COMMON FEATURES Energy systems inertia Transforming energy systems takes decades Light Vehicles fleet and sales share evolution by technology Capacity evolution of existing coal power plants** in Europe* GW ICE Ban in 2035 % 2500 Part 2 Looking ahead 100% 2000 75% 1500 50% 1000 25% 500 0% 0 2020 202
Slide 23: Decarbonization beyond Trends in India & Rest of World
GOING BEYOND TRENDS Decarbonization beyond Trends in India & Rest of World Low-hanging fruits decarbonization opportunities are available Energy-related CO2 emissions in 2023, in India and Rest of World GtCO2 + 0 1 2 3 4 5 6 Part 2 Looking ahead Electricity generation* 60% 9% 31% Coal-to-renewables
Slide 24: From Trends to Momentum in Europe - gap analysis
GOING BEYOND TRENDS From Trends to Momentum in Europe - gap analysis CO2 Emissions* reduction between Trends and Momentum scenario in EU27 GtCO2 2,5 39% 27% -36% “Over 2011-2020 an Part 2 Looking ahead average of €764 Coal phase-out: Industry: Higher -44% 2 billion was invested Complete exit from co
Slide 25: Conclusion: a mindset change is required
GOING BEYOND TRENDS Conclusion: a mindset change is required Capture the great carbon arbitrage* Abatement Costs $/tCO2 Climate policy should focus on emissions, not energy sources Part 2 Looking ahead 1180 1200 Prioritize the most efficient emission reduction actions today, and direct limited 1000
Slide 26: Appendix
APPENDIX 26 I La Perriere Multi-energy Park in Sainte-Suzanne – Reunion Island
Slide 27: From Trends to Momentum and Rupture – in 2050
THREE SCENARIOS From Trends to Momentum and Rupture – in 2050 All decarbonization levers would have to be pushed further to remain well-below 2°C Trends Momentum Rupture Strong electrification of end-use ~33% of final demand ~36% ~43% Deep decarbonization of 30 740 TWh* 33 100 TWh* 40 500 TWh* elect
Slide 28: Disclaimer and copyright reservation
Disclaimer and copyright reservation Definition - TotalEnergies / Company The entities in which TotalEnergies SE directly or indirectly holds an interest are separate and independent legal entities. The terms "TotalEnergies", "TotalEnergies company" and "Company" used in this document are used to re
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