TotalEnergies SE Ordinary Shares (TTE) Q1 2025 Earnings Call

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WEBVTT 00:00:00.132 -- 00:00:05.457 Ladies and gentlemen, welcome to Total Energy's first quarter 2025 results conference 00:00:05.457 -- 00:00:10.522 call. I now hand over to Patrick Pouyanné, Chairman and CEO, and 00:00:10.522 -- 00:00:14.867 Jean-Pierre Sbraire, CFO, who will lead you through this call. 00:00:14.867 -- 00:00:17.788 Sir, please go ahead. 00:00:17.910 -- 00:00:22.775 Good afternoon, everybody, or good morning, if you are connecting from the US. 00:00:22.775 -- 00:00:27.800 Before Jean-Pierre will go through the detail of the first quarter results, I would like 00:00:27.800 -- 00:00:33.407 just to make some few opening remarks. on what appears to be today a 00:00:33.407 -- 00:00:39.294 more challenging global environment and the ways that TotalEnergies intends to leverage 00:00:39.294 -- 00:00:44.560 our consistent strategy to deliver resilient results benefiting from our energy production 00:00:44.560 -- 00:00:48.725 growth and attractive shareholder returns. 00:00:48.725 -- 00:00:54.252 We have indeed entered into a period of heightened macroeconomics and geopolitical 00:00:54.252 -- 00:00:56.090 uncertainty. 00:00:56.090 -- 00:01:01.595 With, and this list is not exhaustive, current fragile negotiations on the Ukrainian-Russian 00:01:01.595 -- 00:01:03.057 conflicts, 00:01:03.057 -- 00:01:08.362 the new but fluid tariff policy enacted by the US, decision 00:01:08.362 -- 00:01:14.949 of OPEC Plus to unwound its voluntary production cuts. 00:01:14.949 -- 00:01:20.955 Even if the impacts are not yet fully appreciated and might evolve in the coming months, 00:01:20.955 -- 00:01:24.498 this moving context is creating uncertainties, 00:01:24.498 -- 00:01:29.952 notably on oil demand, along with volatility in the oil 00:01:29.952 -- 00:01:31.454 markets,...