February 2022 Results and Outlook
Building a sustainable multi-energy company
and increasing shareholder returns
Low cost, low emission portfolio
capturing upside from high energy prices
→ Lowest cost producer - breakeven < 25 $/b
→ #2 player in LNG - global LNG portfolio leveraged
to oil and spot gas markets
→ Absolute reduction targets on CO2 and methane
Multi-energy integrated model to take
advantage of energy market transition
Transition is a matter of molecules (bio, H2, CO₂)
core competencies of O&G companies...
→ ... and electrons :growing power, a secondary energy,
increasing markets interconnection & complexity
→ Underpinning our multi-energy and integrated strategy
→ Management of complexity: DNA of large integrated
company
e
TotalEnergies
Compelling
investment
case
Increasing attractive and sustainable
return to shareholders
→ Capital discipline: 13-15 B$/y over 2022-2025
→ Increasing dividend by 5% for 2022 supported
by underlying cash flow growth
→ Sharing O&G price upside: 2 B$ buybacks in 1H22
→ Leader in extra-financial ESG reporting & progress
Competitive advantages to profitably
grow along electricity value chain
Drive value from integration: production, storage,
trading, supply
Strong balance sheet enhancing ability to capture
value from volatility in electricity markets
Leveraging global footprint, project management and
offshore expertise
→ Selecting projects with >10% return on equity
February 2022 Results and Outlook | 29View entire presentation