Totalenergies Se · EURONEXT:TTE
Totalenergies — Q1 2026 Earnings Presentation
67 slides from Totalenergies's earnings presentation, Apr 29, 2026
Slide 1: More Energy, Less Emissions, Fully engaged in our transition strategy
More Energy, Less Emissions, Fully engaged in our transition strategy Sustainability & Climate 2026 progress report March 26, 2026
Slide 2: Presentation Panel
More Energy, Less Emissions Presentation Panel Aurélien Hamelle President, Strategy & Sustainability Guillaume Chalmin Director, Customer Lines at OneTech Marc Bensadoun Director, One B2B Solutions March 2026 – More Energy, Less Emissions | 2
Slide 3: Table of content
More Energy, Less Emissions - 2026 Progress Report Table of content 04 | Sustainability moment 23 | EV: adapting our investment to actual market penetration 48 | Replacing Gas Instrument by Air Instrument Looking back at 10 years of Paris Agreement: 24 | Focusing on low-cost Sustainable Aviation Fue
Slide 4: Sustainability moment – Suriname: saving CO2 by connecting vessels to the grid at quay
Sustainability moment – Suriname: saving CO2 by connecting vessels to the grid at quay Context Actions taken International regulation is evolving and pushing vessel’s operators to connect to the grid while at quay Implementation at Suriname’s logistics base In 2025 and 2026, ~100% of GranMorgu’s GHG
Slide 5: Looking back at 10 years of Paris Agreement: confronting net zero ambitions to realities
Looking back at 10 years of Paris Agreement: confronting net zero ambitions to realities
Slide 6: Evolution of global energy indicators
Evolution of global energy indicators 2000 2015 CAGR -- -- Base 100 in 2000 2015 2024 GDP 3.6% | 2.9% Electricity demand 3.2% | 2.8% Sustained growth in electricity, renewables and natural gas Ren. energy supply 2.9% | 3.2% Coal demand continues to grow although Coal demand 3.4% | 1.4% at a lower pa
Slide 7: Scientific consensus: the 1.5°C goal is out of reach
Scientific consensus: “the goal of limiting global warming to 1.5°C above pre-industrial levels is out of reach” World Energy Outlook 2025* Hansen et.al 2025** “It is now all but certain that 1.5°C of “The Intergovernmental Panel on Climate warming will be exceeded within a decade Change (IPPC) defi
Slide 8: Navigating the Energy Trilemma
Navigating the Energy Trilemma Affordability Provide access to affordable energy Reliability Sustainability Reducing Greenhouse Deliver energy that is Gas emissions and reliable, available 24/7, and satisfying energy demand contributes to security of supply Being able to deliver affordable low carbo
Slide 9: Enablers for society to reach carbon neutrality
Enablers for society to reach carbon neutrality Actual status Trends(1) Rupture(1) Enablers for success Energy efficiency 1.4%/y 2.5%/y acceleration(2) 1.9%/y Technical innovation Strong electrification 20% 43% of end-use 33% Affordability Decarbonization 3,900 TWh of electricity grid from wind and
Slide 10: Our carbon neutrality ambition, together with society
Our carbon neutrality ambition, together with society Energy transition has started, but the global TotalEnergies supports the Paris Agreement economy is not yet achieving the pace of and sets out its ambition for carbon neutrality change required, and Nationally Determined together with society wit
Slide 11: Steadily reducing emissions, ahead of targets
Steadily reducing emissions, ahead of targets 2024 2025 2026 2030 Methane vs 2020 - 55% - 65% - 70% - 80% operated (100%) vs - 60% obj. 2030 or sooner Scope 1+2 2015 operated (100%) 46 34 33.1 < 34 25 – 30 Mt CO2 vs < 37 obj. > - 40%* Of which: O&G facilities 46 29.4 28.4 -38% Integrated Power 0 4.9
Slide 12: Scope 1+2: our levers to reach our -40% emission reduction target in 2030
Scope 1+2: our levers to reach our -40% emission reduction target in 2030* Scope 1+2 from operated facilities (100%) Mt CO2e 46 CCGT Portfolio On track to deliver on our Energy - 40% target* efficiency Flaring & Methane 25-30 2025 vs 2015 Green power, Electrification, H2 Nature based - 38% O&G opera
Slide 13: Successfully delivering our energy savings plans
Successfully delivering our energy savings plans 2023–25 2026–28 Successfully deployed, with tangible energy and CO2 savings Deploying 1 B$ Invested 200 M$/y energy and CO2 savings(1)(2) 2.3 Mt CO2e/y second energy In line with targets savings plans Additional ~ 1B$ dedicated capex program E&P R&C M
Slide 14: More Energy Less Emissions, Staying the course on our Transition Strategy
More Energy Less Emissions, Staying the course on our Transition Strategy
Slide 15: Two growth pillars to support our differentiated energy transition strategy
Two growth pillars to support our differentiated energy transition strategy Oil & Gas Integrated Power Oil Gas & LNG Low cost, low emission Top 3 global LNG integrated portfolio Sizeable, world class portfolio Deep, diversified and resilient portfolio Strong LNG project pipeline Driving value from i
Slide 16: Growing our energy production and sales towards 2030
Growing our energy production and sales towards 2030 Energy production Energy sales* Low-carbon molecules Lifecycle Carbon Intensity M boe/d M boe/d of Energy products sold* + 5%/y ~20% Electricity Base 100 in 2015 Energy > +4%/y Low-carbon molecules 14% - 18.6% Energy ~20% Electricity - 25% 8% 33%
Slide 17: Balanced and disciplined investments to deliver energy production growth
Balanced and disciplined investments to deliver energy production growth Oil & Gas Integrated Power Developing deep low-cost, low-emissions upstream portfolio ~4 B$ Low-carbon energies effort ~+3%/y Oil & Gas production until 2030 inc. ~1 B$eq EPH shares(1) ~20% +50% LNG growth 2025 - 2030 Low-carbo
Slide 18: O&G: cost discipline ensuring long term resilience and accretive cash generation
O&G: cost discipline ensuring long term resilience and accretive cash generation High-graded, resilient portfolio Disciplined investments Accretive projects (1) Low breakeven per barrel Upstream CFFO $/b at 70 $/b Brent and 8 $/Mbtu TTF Profitability assessment B$ 50 $/b environment + 2 - 3 $/boe an
Slide 19: Developing top-tier LNG projects
Developing top-tier LNG projects LNG projects merit curve* Liquefaction intensity $/mcf DES Asia, breakeven at 11% discount Kg CO2e/boe Mozambique LNG Rio Grande LNG T1-4 ECA Marsa LNG < 3 kg CO e/boe 2 Qatar NFE/NFS when electrified & low-carbon power supply (Marsa LNG, Ruwais LNG) * Merit curve: G
Slide 20: Prioritizing investments in affordable low-carbon energies to promote customers' adoption
Prioritizing investments in affordable low-carbon energies to promote customers’ adoption Antwerp refinery, Belgium
Slide 21: Renewable & flexible assets: selectively scaling up our world class cost-competitive portfolio
Renewable & flexible assets: selectively scaling up our world class cost-competitive portfolio Average power production costs TotalEnergies’ portfolio in Europe* Renewables $26/MWh Gross power capacity Growth focused on proven and affordable GW technologies: solar & onshore wind ~100 GW x5 Flexible
Slide 22: Integrated Power cash flow contributing to Company's resilience
Integrated Power cash flow contributing to Company’s resilience, outside of Oil & Gas cycles Electricity generation CFFO Further strengthening resilience Company share, TWh 100 -120 B$ 2030 ROACE, % vs. Capital employed, B$ TWh 4-5 Upstream Oil & Gas >3 80 $/b > 60 TWh 12% JV with EPH* By 2030 Flexi
Slide 23: EV: adapting our investment to actual market penetration
EV: adapting our investment to actual market penetration Fast / Ultrafast public EV charging TTE French retail service stations & urban areas What we do Key enablers Utilization rates 9% 8% Lower price of EV cars By accelerating uptake of small 5% affordable EV and second-hand market Supporting by p
Slide 24: Focusing on low-cost Sustainable Aviation Fuels production, through proven pathways
Focusing on low-cost Sustainable Aviation Fuels production, through proven pathways EU SAF production cost vs Jet What we do Key enablers Prioritizing affordable technologies: x 8-12 • Coprocessing: no Capex required • Brownfield HEFA*: > 30% Capex savings vs greenfield EU mandates Securing competit
Slide 25: Using Green H2 for our European refineries
Using Green H2 for our European refineries EU H2 price €/kg What we do Key enablers More RED III-eligible H2 RED III volumes particularly in Belgium RFNBO** premium and in the Netherlands needed to cover gap between Grey and Green H2 Visibility on regulation beyond ETS* 2030 in all EU countries Sour
Slide 26: Developing Carbon Capture and Storage capacities
Developing Carbon Capture and Storage capacities European CCS value chain cost $/t What we do Key enablers Post-FID project Pre-FID project 20-40 $ Northern Lights 1.5 Mtpa; 2025 5 Mtpa; 2028 20-40 $ Fast-track permitting Gap Cost all along the value chain gap Bifrost 70-110 $ North Sea NEP 4 Mtpa;
Slide 27: Creating value for all stakeholders
Creating value for all stakeholders
Slide 28: Sharing TotalEnergies' value creation
Sharing TotalEnergies’ value creation Salaries & social charges Investments 10.0 B$ > 100,000 ~120 17.1 B$ employees countries > 70,000 shareholders ~14 B$ taxes due (~9% capital) in non-OECD countries ~62 B$ in 2025 ~100,000 ~2,000,000 individual suppliers Dividends shareholders 8.1 B$ Taxes 19.0 B
Slide 29: TotalEnergies' employees engaged in the successful execution of the strategy
TotalEnergies’ employees engaged in the successful execution of the strategy Committed employees(1)… … who are also committed shareholders Agree with statement % I work in safe conditions I have confidence in the decisions made by TotalEnergies' senior management team >70% I am proud to work for 515
Slide 30: Maintaining our leadership in extra-financial evaluations by third-parties
Maintaining our leadership in extra-financial evaluations by third-parties March Ranking 2026 vs peers* AA 1st (ex aequo) Raffinage Électricité et Marketing Chimie Gas France Services Medium Risk 1st B- | Prime 1st (ex aequo) Value * Chevron, Exxon, BP, Shell, Eni, Equinor March 2026 – More Energy,
Slide 31: 15 years of transformation: more energy, less emissions, more returns to shareholders
15 years of transformation: more energy, less emissions, more returns to shareholders Base 100 in Energy production Dividend Share Price(3) Since 2015 Ramping up electrons to 10% of O&G production in 2025 and 20% in 2030 Pre-dividend organic cash breakeven Lifecycle Carbon Intensity* decreased from
Slide 32: The differentiated and profitably growing energy company
The differentiated and profitably growing energy company Strategic consistency, growth and resilience supported by cash savings program Delivering accretive growth Low-cost LNG growth well positioned to Integrated Power: from low-cost upstream portfolio arbitrate European and Asian markets towards f
Slide 33: Zoom 1: Aiming for near-zero Methane emissions
Zoom 1: Aiming for Autre photo? near-zero Methane emissions Barnett, USA – OGI camera to detect methane emissions
Slide 34: Why Methane matters?
Why Methane matters? Methane is a powerful* but short-lived greenhouse gas that accounts for a third of net warming since the Industrial Revolution Global anthropogenic GHG emissions in 2023 Gt CO2e ~4 Gt CO2e Methane from fossil fuels Rapidly reducing methane emissions is regarded as one of the COP
Slide 35: Leading the industry in slashing methane emissions
Leading the industry in slashing methane emissions TotalEnergies’ methane journey through international initiatives 2018 2020 2023 Methane intensity definition & The reference voluntary framework Collaboration between IOCs & NOCs collective <0.2% ambition, set in 2018 for methane reporting 56 O&G co
Slide 36: Getting closer to near-zero methane
Getting closer to near-zero methane Methane emissions operated 100% Methane intensity* Company objectives* kt CH4 120 Achieved Aiming for near-zero Fugitives, combustion -47% vs 2010 methane emissions - 60% - 70% Flaring Achieved in 2025 vs 2020 in 2026 vs 2020 64 -65% outperformed vs 2020 49 42 34
Slide 37: Detecting & measuring to slash methane emissions
Detecting & measuring to slash methane emissions LAPA, Brazil
Slide 38: AUSEA – Step change towards near-zero CH4 emissions
AUSEA – Step change towards near-zero CH4 emissions Ultralight dual sensor - Detects CH4 and CO2 Deployed worldwide Developed by TotalEnergies with the French National Research Center (CNRS) and the Days of mission University of Reims Champagne-Ardenne /y Qualified in 2021 by means of blind test at
Slide 39: Methane Permanent Monitoring: an industry game changer
Methane Permanent Monitoring: an industry game changer Key Facts Monitoring Fugitive emissions on all E&P Operated Assets Offshore facilities: loT Sensors, ATEX (11,000) Onshore gas pads: High Sensitivity Sensors (2,000) Onshore facilities: fixed InfraRed Cameras (45) Unburnt methane from combustion
Slide 40: Full set of Methane Monitoring technologies deployed
Full set of Methane Monitoring technologies deployed Periodic detection Satellites, QLDAR* AUSEA Best in class drone technology Permanent monitoring All upstream operated sites covered: ~13,000 devices Enables to detect and quickly fix anomalies Methane Tracking Center Consolidation and visualizatio
Slide 41: Measure accurately, Act quickly, Prevent recurrence
Measure accurately Act quickly Prevent recurrence QLDAR Campaigns Context C:\Users\chrisl\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TAME3981\app-hyper-img-2013.jpg Source description Fugitive emissions accounted for 8% of Company’s reported methane Unintended releases
Slide 42: Methane detections examples in specific assets
Methane detections examples in specific assets Periodic Satellites Permanent Fixed Cameras Satellite detection 600 kg/h of CH4 from flares (process upset) Detection from underground Detection from Solved piping crude oil tank vent 20 kg/h of CH4 Solved 65 kg/h of CH4 Solved Periodic AUSEATM Permanen
Slide 43: Aiming for near-zero flaring
Aiming for near-zero flaring Moho Nord, Congo
Slide 44: Eliminating routine flaring
Eliminating routine flaring Case study Nigeria, OML100 Context Source description 2020: OML100 was 57% of E&P global routine flaring Facilities commissioned in 1993 Emissions related to incomplete combustion of hydro- carbons in flares Remote platforms producing oil to a central complex Associated g
Slide 45: Reducing safety flaring
Reducing safety flaring Case study Gabon, Anguille & Torpille Context Safety flaring High safety flaring required to maintain the flare lit due to poor flare design Flaring to ensure the safe performance of operations Recurrent flame out leading to methane emissions conducted at the production site
Slide 46: Installing Flare Gas Recovery Systems (FGRS)
Installing Flare Gas Recovery Systems (FGRS) Case studies Italy, Tempa Rossa Nigeria, Egina Context Context Onshore oil complex FPSO, Deep Offshore oil facility FGRS by design Retrofit with the enclosed ground flare completed in July 2024 CH4 emissions reduction - 1.3 kt CH4 / -40 ktCO2e NTC*: 54 $/
Slide 47: Eliminating methane venting
Eliminating methane venting Barnett Shale Gas Facility, USA
Slide 48: Replacing Gas Instrument by Air Instrument
Replacing Gas Instrument by Air Instrument Case study United States, Barnett Context Source description Onshore shale gas asset with many well pads Instrument gas: natural gas from field used to power Previously, one of our largest methane emitters due to equipment such as pneumatic controllers, pne
Slide 49: Tank Blanketing with nitrogen
Tank Blanketing with nitrogen Case study Nigeria, OML58 Context Source description Onshore oil asset with 8 storage tanks blanketed with fuel gas Blanketing gas is injected at the top of storage tanks Blanketing gas vented to the atmosphere through relief to prevent oxygen ingress and keep slight po
Slide 50: Conclusions
Conclusions SK408, Malaysia
Slide 51: Embarking the O&G industry and all our non-operated assets in the methane reduction journey
Embarking the O&G industry and all our non-operated assets in the methane reduction journey Has built significant know-how and technical expertise over the years Successfully developed and deployed innovative Aiming for Near Zero methane technologies Is leveraging OGMP 2.0 and OGDC to share best pra
Slide 52: Zoom 2: Supporting our customers in their decarbonization journey
Zoom 2: Supporting our customers in their decarbonization journey
Slide 53: Contributing to our customers' own emissions reductions
Contributing to our customers’ own emissions reductions Lifecycle carbon intensity of energy products sold* Scope 1+2+3 100 Reduce On track to achieve our - 25% portfolio’s direct Shift to Gas Low carbon molecules** target, while supplying 1/3 more emissions energy to our customers Electricity growt
Slide 54: Supporting our customers in their decarbonization journey
Supporting our customers in their decarbonization journey Over the past 4 years, we engaged 467 large B2B clients on their Scope 1&2 Our customers’ Scope 1 & 2 CO2 emissions Mobility Hard to abate Manufacturers & Defense Food & Beverage 2% Metals industries Datacenters 4% 32% & Electronics 6% 61% 2
Slide 55: Providing affordable low-carbon energy to our clients
Providing affordable low-carbon energy to our clients Our key offers Power Purchase Agreement (PPA) Clean Firm Power (CFP) Storage Pay-as-Produced electricity contract from Guaranteed delivery of 24/7 electricity volume Battery storage solutions providing flexible, on- renewable assets and profile f
Slide 56: Already 200 Deals signed for ~150 TWhe
Already 200 Deals signed for ~150 TWhe RoW 4% 70 TWh South Africa CFP 12% Europe USA 38% 21% PPA Brazil 25% CFP DG PPA DG Supply PPA DG Supply BIO BIO BIO DG Explore Structure Develop Expand 2022 2023 2024 2025 Customers Note: PPA: Power Purchase Agreement / CFP: Clean Firm Power / DG: Distributed G
Slide 57: What our OneB2B clients are telling us
What our OneB2B clients are telling us Pragmatism & Competitiveness at the heart of our customers’ choices Takeaways from our customers TTE’s value addition Commitments remain unchanged towards 2030, less visibility Seen as a reliable partner, advising and on their transition roadmap beyond supporti
Slide 58: Datacenters
Datacenters Case study Google A worldwide partnership, spanning USA to Malaysia Context Power: corner stone of the race for AI and cloud Powered-land option datacenters Need to secure access to stable and reliable power Green power solutions… … worldwide Solar panels Large contracts signed in 2025
Slide 59: Semiconductors
Semiconductors Case study STMicroelectronics Supplying Clean Firm Power in France Context Providers of the booming digital & tech industry, with high power needs and ambitious decarbonization commitments Strong footprint in Asia with some strategic relocations in the USA and Europe Supplying Clean F
Slide 60: Aviation Industry
Aviation Industry Case study Airbus A global partnership with TotalEnergies Context Airbus strongly committed to pioneering aviation sector decarbonization Airbus commitment to increase its SAF use to 25% by 2030 Partnership extension until 2030 for SAF supply for > 50% of Airbus’ needs in Europe si
Slide 61: Metals
Metals Case study Vallourec Brazil, long term renewable power contract with our JV Casa dos Ventos Context Global seamless tube manufacturer with strong presence in Brazil Vallourec South America strategy: use of renewable electricity to support its decarbonization journey Greening power supply Casa
Slide 62: Useful links
Useful links Sustainability & 2025 Universal Ocean brochure Preserve water Biodiversity Climate 2026 Registration brochure brochure Progress Report Document Une image contenant ciel, moulin à vent, plein air, texte Une image contenant texte, capture d’écran, eau, chute d’eau Une image contenant text
Slide 63: Glossary (1/3)
Glossary (1/3) Biofuel - Liquid fuel for transport produced from biomass. Greenhouse gases (GHG) - The seven greenhouse gases in the Kyoto protocol, namely CO 2, CH4, N2O, HFCs, PFCs, SF6 and NF3, with their respective GWP (Global Warming Potential) as described in the most recent IPCC report. HFCs,
Slide 64: Glossary (2/3)
Glossary (2/3) Low-carbon hydrogen - Hydrogen whose energy content comes from non-renewable sources and that meets a required level Operated perimeter - Activities, sites and industrial assets of which TotalEnergies SE or one of its subsidiaries has operational of greenhouse gas emission reduction c
Slide 65: Glossary (3/3)
Glossary (3/3) Scope 1 GHG emissions - Direct emissions of greenhouse gases from sites or activities that are included in the scope of Sustainable aviation fuel (SAF) - Molecules aiming to be incorporated into conventional fossil-based aviation fuel. reporting for climate change-related indicators.
Slide 66: Disclaimer
Disclaimer 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
Slide 67: totalenergies.com
Corporate Communications TotalEnergies SE 2, place Jean-Millier 92400 Courbevoie, France Tel.: +33 (0)1 47 44 45 46 Share capital: €5,471,001,187.50 Registered in Nanterre: RCS 542 051 180 For more information go to totalenergies.com