September 2022 - Strategy and Outlook
Cash allocation strategy
Guidance of 35% - 40% cash payout through the cycles
1
Dividend
A sustainable dividend
through the cycles
Dividend Increase supported
by underlying cash flow growth
& comforted by balance sheet
and share buybacks
2
Capex
Capex supporting
balanced transition
strategy
3
Balance sheet
Grade A credit rating
through the cycles
Flexibility to capture
counter cyclical
opportunities
4
Te
TotalEnergies
Surplus cash-flow
Sharing surplus cash flow
from high oil and gas prices
through buybacks
+ special dividends
in case of very high prices
2022: +5% interim dividends
(0.69 €/share)
14-18 B$/y
End 2022: Gearing ~5%
Growing returns while transitioning
2022 cash payout > 35%
2022: 7 B$ share buybacks
+1 €/share special interim
dividend
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