September 2022 - Strategy and Outlook
Unique match between TotalEnergies' strategy
and market trends
Te
TotalEnergies
Oil
Highgraded portfolio
→ 50% Upstream portfolio change since 2015:
accretive acquisitions (Maersk in 2018, Brazil
in 2021), divestment from high-cost/high-
emission assets
→ > 100% oil Reserves Replacement Ratio
over 2015-21 (without Russia)
→ Stable production: 1.3-1.35 Mbopd
over 2022-27
Reduced costs, breakeven
and emissions
LNG
Built a unique globally integrated
LNG position
→ Acquisition of Engie LNG portfolio in 2018
→ Future growth opportunities: Qatar, US, PNG,
Mozambique
→ #1 US LNG exporter
→ #1 Europe regas capacity holder
Large portfolio to deliver LNG
growth without Russia
Electricity & Renewables
Accelerated development of a
profitable Renewable portfolio
→ 35 GW by 2025 fully secured
→ Portfolio worth > 35 B$
→ Driving profitability from competitive
acquisitions and integration
Leveraging strong balance sheet
in volatile power markets
Balanced strategy between Oil, LNG & Electricity
Growing returns while transitioning
September 2022 - Strategy and Outlook 11View entire presentation