TotalEnergies SE (TTE) , a shareholder of Offshore Wind One GmbH, has been awarded the maritime concession N-11.2 by the German Federal Network Agency. Concession N-11.2 (1.5 GW) is situated in the North Sea, nearly 74.6 miles (120 km) to the northwest of the German island of Heligoland. Its total size is around 60.2 square miles (156 square km). Thanks to the synergies between this new lease and the 2 GW concession N-12.1 obtained last year, TotalEnergies will be able to construct a 3.5 GW offshore wind hu ...

TotalEnergies SE (TTE) , along with the Nigerian National Petroleum Corporation Ltd ("NNPCL"), has taken the final investment decision for the development of the Ubeta gas field. TTE is the operator of the OML 58 onshore license in Nigeria with a 40% interest, while NNPCL holds the remaining 60%. The OML 58 license, situated in Rivers state and around 49.7 miles (80 km) northwest of Port Harcourt, includes the two producing fields — the Obagi oil field and the Ibewa gas and condensate field. The Obite treat ...

JHVEPhoto Q1 delivered solid execution with 1% production growth and a ~13% decrease in upstream opex/unit. During Q1 Total's headline production was stable vs Q4 at 2,461Kboed with a lower liquids output offset by higher gas volumes. However, I do note that the quarter saw the disposal of Total's remaining oil sands assets. Underlying production was actually up 1% QoQ, driven mainly by growing LNG output (higher gas QoQ) and ramp ups at Mero (Brazil) and Nigeria. Liquids mix remained roughly stable at 54%, ...

- 1 the 1990 i TERE, TRAN I Q1 results and Two additional Upsides Source: TotalEnergies Q1 press release - Fig 1 Fig 2 (Support from US primary listing) Our team positively views the diseussion of a potential Iisting in the USA. This might reduce the company's valuation gap compared to its US peers. There is an ongoing valuation gap compared to Chevron and ExxonMobil. Looking at the numbers, the average EU vs. USA discrepancy on 2025 EV/DACE and FCF yield is 5x vs. >7x and 12% vs. 8.4%, respectively. We und ...

TotalEnergies SE (TTE) announced that it has signed an agreement with EIG, an institutional investor in the global energy sector, for the acquisition of all of West Burton Energy's shares. The transaction, with an enterprise value of £450 ($576) million, is subject to authorization from the competent authorities. Details of the Deal With this acquisition, TotalEnergies is expected to add a flexible asset that reduces intermittency and enables a steady power supply to its customers. TTE's Focus on Renewable ...

TotalEnergies global LNG portfolio stands at 44 Mt/y in 2023 thanks to its interests in liquefaction plants in all geographies. The company continues to expand its LNG operation through acquisition, partnership and agreements. Its large fleet of LNG tankers and reserved capacity in several regasification terminals make it a perfect partner for the development of LNG projects globally. Expanding LNG operation is in sync with its long-term ambition to increase the share of natural gas in its sales mix to clos ...

TotalEnergies SE (TTE) and EREN Groupe's joint venture TE H2, along with VERBUND, Austria's leading electricity company, have signed a Memorandum of Understanding with Republic of Tunisia to develop a large green hydrogen project named H2 Notos for export to Central Europe through pipelines. Green hydrogen will be produced using electrolysers, powered by large onshore wind and solar projects, and supplied with desalinated sea water. The project aims to produce 200,000 tons of green hydrogen annually during ...

Financial Data and Key Metrics Changes - TotalEnergies reported an adjusted net income of $5.1 billion for Q1 2024, down only 2% sequentially, with cash flow from operations (excluding working capital) of $8.2 billion [28][12] - The return on average capital employed was 16.5%, and the company maintained a net investment guidance of $17 billion to $18 billion for 2024 [12][11] - The interim dividend was increased by 7% year-on-year to EUR 0.79 per share, reflecting a strong commitment to shareholder returns [17][9] Business Line Data and Key Metrics Changes - Exploration and production reported adjusted net operating income of $2.6 billion and cash flow of $4.5 billion, with upstream production costs at $4.6 per barrel [13][12] - Integrated LNG adjusted net operating income was $1.2 billion, impacted by lower LNG prices, with cash flow totaling $1.3 billion [14][12] - Downstream refinery utilization rate was stable at close to 80%, with cash flow from marketing and services increasing by 5% year-on-year to $480 million [15][16] Market Data and Key Metrics Changes - Brent prices were flat quarter-to-quarter, down only 1% to $83 per barrel, while refining margins increased by 36% [28][12] - European gas prices declined by 35% due to a mild winter and high storage levels [28][12] - First quarter LNG sales decreased by 9% quarter-to-quarter, primarily due to lower demand in Europe [30][12] Company Strategy and Development Direction - The company is advancing its two-pillar strategy focused on oil and gas production and integrated power development, aiming to become net cash positive by 2028 [4][22] - TotalEnergies is making progress on several projects, including the Cameia project in Angola and the Marsa LNG project in Oman, which sets a new low-carbon intensity standard [6][7] - The company is also expanding its LNG position and acquiring assets in Malaysia to enhance its integrated gas business [8][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining production guidance of 2.4 million to 2.5 million barrels of oil equivalent per day for 2024, reflecting a 2% growth year-on-year [29][12] - The company anticipates an increase in refining utilization rates to around 85% in Q2 2024 as operations normalize [32][12] - Management remains optimistic about the LNG market, expecting demand to grow despite potential delays in new capacities [81][12] Other Important Information - The company celebrated its 100th anniversary, emphasizing its commitment to energy transition and sustainable practices [3][21] - TotalEnergies is now the number one company in Europe in terms of employee capital ownership, with over EUR 11 billion owned by employees [27][12] - Gearing increased to around 10% at the end of Q1 2024, compared to 5% at the end of the previous year [33][12] Q&A Session Summary Question: What is the outlook for the LNG market given potential EU sanctions on Russian LNG? - Management indicated that if EU sanctions were imposed on Yamal LNG, it could lead to an increase in LNG prices, benefiting TotalEnergies' portfolio [94][12] Question: Can you provide details on the FID for Namibia and the size of resources? - Management stated that they are comfortable with the FID in Namibia and expect to be the first to produce oil there, with ongoing exploration to capture additional resources [67][69] Question: What is the rationale behind the acquisition of SapuraOMV? - The acquisition strengthens TotalEnergies' position in Malaysia and is seen as a strategic move to enhance its gas business, particularly in relation to LNG pricing [110][12] Question: How does the company view the potential for a U.S. listing? - Management confirmed that the Board is considering a U.S. listing to better access U.S. shareholders and will report back by September [104][12] Question: What are the expectations for share buybacks in the current environment? - Management indicated that share buybacks would be considered if cash flows exceed the base case, but no specific formula is in place [86][12]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission file number: 1-10888 TotalEnergies SE (Exact Name of Registrant as Specified in Its Charter) N/A (Translation of Registrant's name into English) Republic of France (Jurisdicti ...

3. Effect of changes in fair value These adjustment items include: 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 ...