September 2022 - Strategy and Outlook

Accelerating capital investment to support the transformatione TotalEnergies Oil New greenfield & Exploration Electricity & Renewables 14-18 B$/y 33% CO. H₂ CO. New molecules LNG & Gas Growing returns while transitioning Capex = organic investments + acquisitions - asset sales → Invest in LNG to address growing demand → Accelerate in energy transition businesses: > 4 B$ in 2022 → Increasing carbon reduction program: 1 B$/y in energy efficiency, CCS, NBS, methane,... → Piloting Capex level vs. price volatility within 14-18 B$/y range September 2022 - Strategy and Outlook 16

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