September 2022 - Strategy and Outlook

Delivering cash flow growth Te supporting sustainable dividend growth Total Energies Company underlying cash flow* B$ 30 +7.5 B$ at 60 $/b and 10 $/Mbtu Significant upside to oil and gas prices 25 0065 20 20 +4 B$ at 50 $/b and 8 $/Mbtu 15 2021 including Russia 2027 without Russia CFFO excluding working capital variation, restated to 50 $/b Brent, 8 $/Mbtu TTF/NBP, 3 $/Mbtu HH * Growing returns while transitioning and 35 $/t European refining margin **Including impact of UK Energy Profit Levy Tyra West, Denmark 2022 CFFO sensitivity +3.2 B$/y for +10 $/b Brent +0.5 B$/y** for +2 $/MBtu NBP/TTF September 2022 - Strategy and Outlook 18

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