6-K
TotalEnergies SE (TTE)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
July 29, 2022
Commission File Number 001-10888
TotalEnergies SE
(Translation of registrant’s name intoEnglish)
2, place Jean Millier
La Défense 6
92400 Courbevoie
France(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
TotalEnergies SE is providing on this Form 6-K a description of certain recent developments relating to its business.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TotalEnergies SE | ||
|---|---|---|
| Date: July 29, 2022 | By: | /s/ Marie-Sophie Wolkenstein |
| Name: Marie-Sophie Wolkenstein | ||
| Title: Company Treasurer |
Exhibit 99.1
| PRESS<br> RELEASE |
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United Arab Emirates: TotalEnergies andADNOC Expand Strategic Alliance
Paris**,July 19, 2022** – On the occasion of the state visit in Paris of His Highness Sheikh, Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, TotalEnergies and Abu Dhabi National Oil Company (ADNOC) have signed a strategic partnership agreement that aims to jointly evaluate new growth opportunities in the following areas:
| ● | development of oil and gas projects in the UAE<br>to ensure sustainable energy supply to the markets and contribute to global energy security; |
|---|---|
| ● | supply of diesel from the UAE to France; |
| --- | --- |
| ● | prospects for a commercial carbon capture, utilization,<br>and storage (CCUS) project in the UAE. |
| --- | --- |
“I am pleased that TotalEnergies is reaffirming and expanding its strategic collaboration with the United Arab Emirates through a multi-energy cooperation with ADNOC, our long-standing partner in the UAE. Our partnership across the entire energy value chain allows our two companies to join forces to contribute to the energy supply of global markets, while reducing carbon emissions from our operations”, said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
“TotalEnergies is a longstanding strategic partner, and we are very pleased to build on our successful partnerships through this agreement as the UAE and France strengthen energy cooperation. The agreement offers the potential to accelerate growth and create greater and more sustainable value for our mutual benefit. We look forward to working with TotalEnergies to unlock the opportunities presented by the agreement across the energy value chain to enable more secure, affordable and sustainable energy for our countries and the world,” said His. Excellency. Dr. SultanAhmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
TotalEnergies in theUnited Arab Emirates
TotalEnergies has been present in the United Arab Emirates for more than 80 years where he has built a longstanding presence, reflected by the size and diversity of its multi-energy assets and partnerships. It is today the 1^st^ foreign company active in the country, with all its businesses present. In 2021, TotalEnergies’ equity production there was 280,000 barrels of oil equivalent per day (boe/d).
In partnership with ADNOC, TotalEnergies holds the following interests:
| § | 10% in the ADNOC Onshore oil concession; |
|---|---|
| § | 20 % in the offshore Umm Shaif & Nasr oil concession and 5% in the offshore oil Lower Zakum concession; |
| § | 15% in ADNOC Gas Processing (former GASCO); |
| § | 5% in ADNOC LNG (former ADGAS); |
| § | 5% in the National Gas Shipping Company (NGSCO); |
| § | 40% in the Ruwais Diyab unconventional gas concession. |
In partnership with Mubadala, TotalEnergies holds a 24.5% stake in Dolphin Energy, the first gas marketing project between Qatar, UAE, and Oman (2007).
TotalEnergies has been active in the country’s power generation since 2001 through the Taweelah desalination plant and power station, which meets around 10% of Abu Dhabi's water and electricity needs, in partnership with TAQA. In renewables, TotalEnergies (20%) is a partner of Masdar and ADPF in UAE’s first Concentrated Solar Power plant, which was inaugurated in 2013 with a capacity of 109 MW. The Company continues to grow in the solar sector in the country, especially in the field of distributed generation where it holds a leading position.
The Company also has a top position in the manufacturing and marketing of a wide range of automotive and industrial lubricants with a blending plant in the Emirates, supplying the whole region.
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
Cautionary Note
The terms “TotalEnergies”, “TotalEnergiescompany” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that aredirectly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” mayalso be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholdingare separate legal entities. This document may contain forward-looking information and statements that are based on a number of economicdata and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future andare subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publiclyany forward-looking information or statement, objectives or trends contained in this document whether as a result of new information,future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activitiesis provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE withthe French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United StatesSecurities and Exchange Commission (SEC).
Exhibit 99.2
| PRESS<br> RELEASE |
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Algeria:TotalEnergies Signed a New Production Sharing Contract with Sonatrach in the Berkine Basin
Paris, July 19,2022 – TotalEnergies signed today with Sonatrach, Occidental and Eni an extension of its Production Sharing Contract for a period of 25 years for onshore Blocks 404a and 208 in the Berkine basin, in Eastern Algeria.
This contract, signed under the new Algerian Hydrocarbon Law published in 2019, will allow to develop additional liquids hydrocarbon resources, while reducing these fields carbon intensity through a dedicated carbon reduction program. The opportunity to develop and valorize associated gas resources will be studied by the partners, thus increasing export potential towards Europe.
“This newcontract on Berkine asset, under the Algerian new Hydrocarbon Law, marks a new milestone in the strategic partnership with Sonatrach.This project is in line with the Company’s strategy to develop low-cost oil while contributing to carbon reduction programs to minimizeour carbon footprint”, commented Laurent Vivier, Senior Vice President Middle East and North Africa, Exploration &Production at TotalEnergies.
TotalEnergies in Algeria
TotalEnergies has been a historic player in the energy sector in Algeria. The Company is active in oil and gas exploration and production, as well as in liquefied natural gas through supply contracts with Sonatrach. The Company is also active in the marketing of lubricants and bitumens. In addition, TotalEnergies and Sonatrach have launched engineering studies for a petrochemical project in Western Algeria. In 2021, the Company's 51 000 boe/d production in Algeria came from TotalEnergies' interests in the TFT II and Timimoun gas fields and the oil fields in the Berkine basin (Blocks 404a and 208).
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
Cautionary Note
The terms “TotalEnergies”, “TotalEnergiescompany” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that aredirectly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” mayalso be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholdingare separate legal entities. This document may contain forward-looking information and statements that are based on a number of economicdata and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future andare subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publiclyany forward-looking information or statement, objectives or trends contained in this document whether as a result of new information,future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activitiesis provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the Frenchsecurities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securitiesand Exchange Commission (SEC).
Exhibit 99.3
| PRESS<br> RELEASE |
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Papua New Guinea: TotalEnergies Announces NewMilestone towards Papua LNG Development
Paris,July 20, 2022 – TotalEnergies, as operator, has announced the decision of the Papua LNG joint venture to launch the first phase of front-end engineering and design (FEED) studies for the Papua LNG project's upstream production facilities.
In parallel, studies for the downstream liquefaction facilities are progressing in line with the overall project schedule, and the objective is to launch the integrated FEED in the fourth quarter of 2022. The project is targeting a final investment decision (FID) around the end of 2023, and a start-up at the end of 2027.
“The commencement of upstream FEED studies is another significant step towards developing the Papua LNG project, which will increase Papua New Guinea’s LNG export capacity and thus contribute to its further development," said Julien Pouget, Senior Vice President Asia Pacific for Exploration &Production and Renewables at TotalEnergies. "The Papua LNG project is well positioned to contribute to growth in LNG supply worldwide, especially for customers in Asia seeking to decarbonize from coal to gas, in line with our strategy to lower global greenhouse gas emissions.”
The Papua LNG joint venture is committed to developing a landmark project in terms of sustainability, biodiversity, and low carbon emissions. Specifically, the project will incorporate a carbon capture and storage scheme for the fields' native CO2, which will be reinjected into the reservoirs.

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TotalEnergies, The World’s Third-LargestLow-Carbon LNG Company
TotalEnergies is the world’s third-largest low-carbon LNG company, with a global market share of around 10% and a global portfolio of nearly 50 Mt/y by 2025 thanks to its interests in liquefaction plants in all geographies. The Company benefits from an integrated position across the LNG value chain, including production, transportation, trading, and LNG bunkering. TotalEnergies ambition is to increase the share of natural gas in its sales mix to 50% by 2030, reduce the gas value chain’s carbon emissions, eliminate methane emissions, and work with local partners to promote the transition from coal to natural gas.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
Cautionary Note
The terms “TotalEnergies”, “TotalEnergiescompany” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that aredirectly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” mayalso be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholdingare separate legal entities. This document may contain forward-looking information and statements that are based on a number of economicdata and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future andare subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publiclyany forward-looking information or statement, objectives or trends contained in this document whether as a result of new information,future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activitiesis provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE withthe French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United StatesSecurities and Exchange Commission (SEC).
Exhibit 99.4
| PRESS<br> RELEASE |
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TotalEnergies Has Definitively Withdrawn fromMyanmar
Paris, July 20,2022 – On January 21, 2022, TotalEnergies announced its decision to withdraw from the Yadana field and from gas transportation company MGTC in Myanmar, both as shareholder and as operator. In a context of continuing deterioration of the human rights situation in Myanmar, this decision resulted from the assessment that TotalEnergies was no longer able to make a sufficiently positive contribution in the country, and was not able to meet the expectations of stakeholders who were asking to stop the revenues going to the Burmese state through the state-owned company MOGE from the Yadana field production. In accordance with the contractual 6-month notice period, this withdrawal becomes effective on this 20 July 2022. This withdrawal was made in compliance with the European sanctions put in place in February 2022.
Since January 2022, TotalEnergies has continued to act as a responsible operator and has undertaken due diligence to ensure its withdrawal in a responsible manner towards its stakeholders in Myanmar, including its employees as well as the long-standing supported local communities. As such, TotalEnergies worked closely with PTTEP, Thailand's national company, which was appointed as the new operator by the project partners, to guarantee the continuity and safety of production at the Yadana gas field while ensuring an orderly transfer of operations.
All our employees in Myanmar were offered employment with the new operator, under the same job and salary conditions, thus securing their professional future. In addition, a complementary support agreement, through a contribution to a dedicated fund, was also set up between TotalEnergies and PTTEP to continue the historic economic development program with local communities in the MGTC pipeline area.
As TotalEnergies definitively withdraws from Myanmar, our Company repeats its condemnation of the abuses and human rights violations taking place in this country and reaffirms its support to the people of Myanmar and its hope for a swift return to peace and rule of law.
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
Cautionary Note
The terms “TotalEnergies”, “TotalEnergiescompany” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that aredirectly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” mayalso be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholdingare separate legal entities. This document may contain forward-looking information and statements that are based on a number of economicdata and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future andare subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publiclyany forward-looking information or statement, objectives or trends contained in this document whether as a result of new information,future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activitiesis provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the Frenchsecurities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securitiesand Exchange Commission (SEC).
Exhibit 99.5
| PRESS<br> RELEASE | |
|---|---|
| United States: | TotalEnergies announces the start-up of New Ethane Crackerin Port Arthur |
| --- | --- |
Paris,July 21, 2022 – Bayport Polymers LLC (“Baystar”), a 50/50 joint venture (JV) between TotalEnergies and Borealis, today announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene.
This almost $2 billion project built on the site of and operated by the TotalEnergies Refinery in Port Arthur, Texas, represents 14 million hours worked with more than 2,500 workers at peak construction.
The ethylene produced by the cracker will be used as feedstock to supply Baystar's existing polyethylene (PE) units, as well as a new Borstar® technology polyethylene unit currently under construction in Bayport, Texas.
“After significant investments in U.S. LNG and renewable electricity in 2022, the start-up of this new cracker is another milestone strengthening TotalEnergies’ presence in the United States. This investment is in perfect alignment with our strategy to develop petrochemicals at our integrated platforms. At Port Arthur we take advantage of the abundance of ethane in the U.S.,” said Bernard Pinatel, President, Refining & Chemicals,TotalEnergies.
The Baystar JV is the translation of the growth ambitions of TotalEnergies and Borealis in the United States. It includes:
| § | The Baystar site in Bayport, Texas with a 400,000 ton-per-year PE capacity. |
|---|---|
| § | The one million ton-per-year ethane cracker at the TotalEnergies Port Arthur Refinery, which now<br>has successfully started operations. |
| --- | --- |
| § | The under-construction 625,000 metric ton-per-year PE unit in Bayport, using the Borealis proprietary<br>Borstar^®^ technology to deliver a broad range of products to help meet the growing global demand for plastic products. |
| --- | --- |
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

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TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
Cautionary Note
The terms “TotalEnergies”, “TotalEnergiescompany” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that aredirectly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” mayalso be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholdingare separate legal entities. This document may contain forward-looking information and statements that are based on a number of economicdata and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future andare subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publiclyany forward-looking information or statement, objectives or trends contained in this document whether as a result of new information,future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activitiesis provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE withthe French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United StatesSecurities and Exchange Commission (SEC).
Exhibit 99.6
PRESS RELEASE
| TotalEnergies commits to a large-scale fuel price reductionprogramme until year-end for all of its service stations inFrance |
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Paris,22 July, 2022 – To meet the expectations of French people affected by the increase in energy prices and the impact on their purchasing power, the Company is initiating a large-scale fuel price reduction programme for all of its service stations in France, effective until year-end.
FromSeptember 1 to November 1, TotalEnergies will lower its petroleum fuel prices sold in service stations by €0.20/litrecompared to global market quotation prices, followed by a €0.10/litre reduction from November 1 to December 31.
“This commitment by TotalEnergies supplements the French government’s measures to provide direct support to French people’s purchasing power. Consumers are therefore our top priority since we prefer to make an immediate and direct contribution to our customers, rather than an indirect tax which would penalise our refineries. Indeed, our refineries in France form industrial infrastructure that contributes to the country’s energy security, directly employing nearly 5,000 staff, and receiving our investment of several hundred million euros to guarantee both their modernisation – in the case of Donges – and their transformation – as with Grandpuits. These refineries faced losses of more than €1 billion during Covid in 2020 and 2021, for which TotalEnergies did not request any government support and which are more than offset by the current favourable environment.”, commented Patrick Pouyanné, Chairman and CEO of TotalEnergies. “With this large-scale price reduction programme in our service stations, we are hopeful that this long-term commitment will be recognised both by our customers and at the national level.”
These price reductions, which complement the government’s own measures, will apply from the first litre purchased, with no limit on amounts, for all petroleum fuel sold in service stations.
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
Cautionarynote
Theterms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designateTotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergiesSE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information andstatements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment.They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiariesassumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this documentwhether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’financial results or activities is provided in the most recent Universal Registration Document, the French-language version of whichis filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-Ffiled with the United States Securities and Exchange Commission (SEC).
Exhibit 99.7
PRESS RELEASE
| Nigeria: Start of Production from the Ikike Field |
|---|
Paris,July 25, 2022 – TotalEnergies, OML99 operator (40%) in partnership with the Nigerian National Petroleum Corporation (NNPC, 60%), announces the start of production from the Ikike field, in Nigeria.
Located 20 kilometers off the coast, at a depth of about 20 meters, the Ikike platform is tied back to the existing Amenam offshore facilities through a 14 km multiphase pipeline. It will deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022.
The Ikike project leverages existing facilities to keep costs low, and is designed to minimize greenhouse gas emissions: estimated at less than 4kg CO2e/boe, they will contribute to reducing the average carbon intensity of TotalEnergies’ upstream portfolio. In addition, 95% of hours were worked locally: the jacket as well as the topside modules were entirely built and integrated by local contractors.
“TotalEnergiesis pleased to start production at Ikike, which was launched a few months before the covid pandemic, and whose success owes a lot to thefull mobilization of the teams. By tapping discoveries close to existing facilities, this project fits the Company’s strategy offocusing on low-cost and low-emission oil projects,” said Henri-Max Ndong-Nzue, Senior Vice President Africa, Explorationand Production at TotalEnergies*.*

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About TotalEnergiesin Nigeria
TotalEnergies has been present in Nigeria for more than 60 years and employs today more than 1,800 people across different business segments. Nigeria is one of the main contributing countries to TotalEnergies’ hydrocarbon production where the Company produced 240 000 boe/d in 2021. TotalEnergies also operates an extensive distribution network which includes about 540 service stations in the country. In all its operations, TotalEnergies is particularly attentive to the socio-economic development of the country and is committed to working with local communities.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
CautionaryNote
Theterms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designateTotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergiesSE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information andstatements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment.They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiariesassumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this documentwhether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’financial results or activities is provided in the most recent Universal Registration Document, the French-language version of whichis filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-Ffiled with the United States Securities and Exchange Commission (SEC).
Exhibit 99.8
PRESS RELEASE
| TotalEnergies and Veolia partner to Build the Largest SolarSystem for a Desalination Plant in Oman |
|---|
Paris,Oman, July 27^th^, 2022 – TotalEnergies and Veolia have signed an agreement to start the construction of the largest solar photovoltaic (PV) systems providing power for a desalination plant in Oman, in the city of Sur. The power plant will be located on the site of the Sharqiyah Desalination plant, which is a reference in Oman and in the gulf region, supplying drinking water to more than 600,000 inhabitants of the Sharqiyah region.
This 17-megawatt peak (MWp) solar project will be the first of its kind to be installed in the region. It produces annually over 30,000 megawatt-hours (MWh) of green electricity, or more than a third of the desalination plant's daily consumption, enabling it to avoid close to 300,000 tons of CO2 emissions.
This is in line with Oman’s National Energy Strategy to convert 30% of its electricity use to renewable sources by 2030. The plant will be equipped with more than 32,000 high-efficiency solar panels and will use an innovative East-West tracker system to increase energy production. It will cover an area of 130,000 square meters, equivalent to approximately 18 football pitches.
“At Veolia, we are committed to bring the ecological transformation in the water sector for our clients and for our own assets. We’re happy to launch the construction of the solar plant on our desalination unit in the city of Sur, to be able to power it with the green electricity while drastically reducing its carbon footprint, Estelle Brachlianoff, Chief Executive Officer of Veolia said. As one of the key players of Oman’s water sector, Veolia is fully committed to supporting Oman’s Vision 2040 sustainability objectives for the Sultanate’s communities and industries and our solar project with TotalEnergies goes in this direction.”
“This project is in line with our strategy to develop renewable energy in the Middle East and provide our customers with clean, reliable and affordable energy solutions. We are committed to helping Veolia decarbonize its operations, building on our strong track record of deploying renewable energy solutions at highly technical and complex sites. As a global multi-energy company, our goal is to contribute to the development of renewables in Oman and its region,” said Vincent Stoquart, Senior Vice President Renewables at TotalEnergies
Veolia is deploying solutions to optimize the energy efficiency of its desalination activities, including its Sharqiyah Desalination plant. The Group, in partnership with TotalEnergies, has decided to take a further step towards green transformation by using renewable energy to power the plant instead of fossil fuels.
TotalEnergies aims to assist producing countries in building a more sustainable future through a better use of the country’s natural resources, including solar energy, which will directly improve the accessibility of cleaner, more reliable and more affordable electricity. The Company is leveraging its leadership position in the region to develop large-scale solar projects in Qatar, Iraq and Libya. These projects illustrate the sustainable development model
of TotalEnergies, a global multi-energy company that supports producing countries in their energy transition.
***
TotalEnergiesand renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of June 2022, TotalEnergies' gross renewable electricity generation capacity is 12 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world's top 5 producers of electricity from wind and solar energy.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
About Veolia
Veolia group aims to be the benchmark company for ecological transformation. With nearly 220,000 employees worldwide, the Group designs and provides game-changing solutions that are both useful and practical for water, waste and energy management. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and replenish them. In 2021, the Veolia group provided 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 28,508 billion euros in 2021. www.veolia.com
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
TotalEnergiesRenewables Distributed Generation Middle East Contacts
Media Relations: +971 4 709 5808 l [email protected]
VeoliaGroup press relations
Laurent Obadia
- Evgeniya Mazalova - Mathilde Bouchoux
Tel : + 33 (0)6 27 45 11 38 / + 33 (0)6 18 24 51 00
VeoliaMiddle East Contacts
Zineb Chaoudri: +971 4 356 2100 l [email protected]
CautionaryNote
Theterms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used todesignate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise,the words “we”, “us” and “our” may also be used to refer to these entities or to theiremployees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. Thisdocument may contain forward-looking information and statements that are based on a number of economic data and assumptions made ina given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a numberof risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-lookinginformation or statement, objectives or trends contained in this document
whetheras a result of new information, future events or otherwise. Information concerning risk factors, that may affectTotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-languageversion of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers(AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit99.9
| PRESS RELEASE |
|---|
Second quarter and first half 2022 results
TotalEnergies reports IFRS net income of $5.7 billion
and accelerates its transformation with three major deals in LNG,
renewables and green hydrogen

Paris,July 28, 2022 - The Board of Directors of TotalEnergies SE, meeting on July 27, 2022, under the chairmanship of CEO Patrick Pouyanné, approved the Company's financial statements for the second quarter of 2022. On this occasion, Patrick Pouyanné said:
“Russia’s invasion of Ukraine continuedto impact energy markets in the second quarter, with oil prices averaging more than $110/bbl in the quarter, refining margins reachingrecord-high levels, and natural gas prices holding above oil parity in Europe and Asia.
In this context, TotalEnergies responded byincreasing energy output, thus contributing to energy security: LNG sales rose to more than 25 Mt in the first half, with 60% in Europe,and TotalEnergies' refineries raised their utilization rate to nearly 90%.
In line with the priority set by the Board ofDirectors to accelerate the Company's transformation, TotalEnergies announced three major investments: the giant NFE LNG project in Qatar,Clearway, the fifth largest U.S. player in renewable energy, and a massive green hydrogen production project in India in partnership withAdani.
In the second quarter of 2022, the Company generatedadjusted net income of $9.8 billion and IFRS net income of $5.7 billion. TotalEnergies recorded in its accounts a new $3.5 billion impairmentcharge related mainly to the potential impact of international sanctions on the value of its Novatek stake. Excluding Russia, adjustednet income was $9.1 billion.
The iGRP (integrated Gas, Renewables & Power)segment posted adjusted net operating income of $2.6 billion and cash flow of $2.4 billion in the second quarter of 2022, confirming thelevels reached in previous quarters.
Exploration & Production posted adjustednet operating income of $4.7 billion and cash flow of $7.4 billion, despite a decrease in production in the quarter that was due to plannedmaintenance and security-related cuts in Nigeria and Libya. TotalEnergies approved the launch of projects, such as Ballymore in the U.S.,Begonia, CLOV Phase 3 in Angola, as well as Eldfisk North in Norway.
Downstream benefited from exceptionally highrefining margins on distillates and gasoline to report adjusted net operating income of $3.2 billion, up sharply over the quarter, andcash flow of $3.5 billion. In this context, the Company announced a fuel price reduction program benefitting its French customers.
The Company’s cash flow was $13.2 billion($12.4 billion excluding Russia) and free cash flow^(3)^was $4.5 billion, after buying back $2 billion of shares in the second quarter as announced. The Company reduced its gearing ratioto less than 10%.
Supported by these results, the Board of Directorsapproved the distribution of the 2022 second interim dividend in the amount of €0.69/share, up 5% year-on-year, and authorized theCompany to continue share buybacks of up to $2 billion in the third quarter.”
| ^(1)^ | Definition on page 3. |
|---|---|
| ^(2)^ | Excluding leases. |
| --- | --- |
| ^(3)^ | Cash flow less net investments,<br>less dividends paid and share buybacks. |
| --- | --- |
1
| 1. | Highlights^(4)^ |
|---|
Social and environmental responsibility
| · | Climate Resolution 2022 approved by 89% of shareholders at the Annual General Meeting of May 25, 2022 |
|---|---|
| · | Launched global campaign to detect and measure methane emissions by drone |
| --- | --- |
| · | Fuel price reduction program until year-end for TotalEnergies’ service stations in France |
| --- | --- |
Renewables and Electricity
| · | Acquisition of 50% of Clearway Energy Group, a major player in the United States, with 7.7 GW of solar<br>and wind assets in operation and a portfolio of 25 GW in development |
|---|---|
| · | Offshore wind: obtained an offshore concession to develop a 1 GW offshore wind farm off the U.S. East<br>Coast, off the coast of North Carolina |
| --- | --- |
| · | Solar: |
| --- | --- |
| o | Created a joint venture with ENEOS to develop decentralized power generation for B2B customers in Asia, with a target capacity of<br>2 GW over the next 5 years |
| --- | --- |
| o | Acquired Core Solar which has a pipeline of 4 GW projects in the United States |
| --- | --- |
| · | Launched TotalEnergies On, TotalEnergies’ start-up accelerator program dedicated to the electricity<br>business, with the selection of the first 10 start-ups |
| --- | --- |
LNG
| · | Acquired 6.25% stake in the North Field East LNG project in Qatar with a capacity of 32 Mt/y |
|---|---|
| · | Launched the FEED for the Cameron LNG extension project in the U.S. with a capacity of 6.75 Mt/y |
| --- | --- |
| · | Launched the FEED for the upstream installations of the Papua LNG project in Papua New Guinea |
| --- | --- |
| · | Signed a 15-year contract for the sale of 600 kt/y of LNG with Hanwha Energy in South Korea |
| --- | --- |
Upstream
| · | Started production on the first 180 kb/d FPSO on the Mero field in Brazil |
|---|---|
| · | Approved the development of the Ballymore field in the U.S. Gulf of Mexico for a planned 2025 start-up<br>with 75 kb/d of production capacity |
| --- | --- |
| · | 25-year license extension Blocks 404a and 208 in the Berkine Basin, Algeria |
| --- | --- |
| · | Agreed to transfer to Zarubezhneft the 20% residual interest in the Kharyaga oil field in Russia |
| --- | --- |
Downstream and new molecules
| · | Started the ethane cracker in Port Arthur, USA |
|---|---|
| · | Hydrogen: acquired a 25% stake in Adani New Industries Limited (ANIL) for the production of green hydrogen<br>in India |
| --- | --- |
| · | Sustainable fuel: feasibility study of a sustainable aviation fuel production unit in Japan in cooperation<br>with ENEOS |
| --- | --- |
| · | Circular economy: commercial agreement with New Hope Energy for the production of polymers from recycled<br>plastic in the United States |
| --- | --- |
Carbon sinks
| · | Acquired a 49% stake in Compagnie des Bois du Gabon to develop natural carbon sinks |
|---|---|
| · | Launched a CO2 capture project to decarbonize Cameron LNG's production in the U.S. |
| --- | --- |
^(4)^ Some of the transactions mentioned in the highlights remain subject to the agreement of the authorities or to the fulfilment of conditions precedent under the terms of the agreements.
2
| 2. | Key figures<br> from TotalEnergies’ consolidated financial statements^(5)^ |
|---|

| * | Average €-$ exchange rate: 1.0647 in the second quarter 2022, 1.0934 in the first half 2022. |
|---|---|
| ^(5)^ | Adjusted results are defined<br>as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value; adjustment items are on<br>page 16. |
| --- | --- |
| ^(6)^ | Adjusted EBITDA (Earnings Before<br>Interest, Tax, Depreciation and Amortization) corresponds to the adjusted earnings before depreciation, depletion and impairment of tangible<br>and intangible assets and mineral interests, income tax expense and cost of net debt, i.e., all operating income and contribution of<br>equity affiliates to net income. |
| --- | --- |
| ^(7)^ | Effective tax rate = (tax on<br>adjusted net operating income) / (adjusted net operating income – income from equity affiliates – dividends received from<br>investments – impairment of goodwill + tax on adjusted net operating income). |
| --- | --- |
| ^(8)^ | In accordance with IFRS rules,<br>adjusted fully-diluted earnings per share is calculated from the adjusted net income less the interest on the perpetual subordinated<br>bond |
| --- | --- |
| ^(9)^ | Organic investments = net investments<br>excluding acquisitions, asset sales and other operations with non-controlling interests. |
| --- | --- |
| ^(10)^ | Net acquisitions = acquisitions<br> – assets sales – other transactions with non-controlling interests (see page 18). |
| --- | --- |
| ^(11)^ | Net investments = organic investments<br>+ net acquisitions (see page 18). |
| --- | --- |
| ^(12)^ | Operating cash flow before<br>working capital changes, is defined as cash flow from operating activities before changes in working capital at replacement cost, excluding<br>the mark-to-market effect of iGRP’s contracts and including capital gain from renewable projects sale. The inventory valuation<br>effect is explained on page 20. The reconciliation table for different cash flow figures is on page 18. |
| --- | --- |
| ^(13)^ | DACF = debt adjusted cash flow,<br>is defined as operating cash flow before working capital changes and financial charges |
| --- | --- |
3
| 3. | Key figures of environment, greenhouse gas emissions and production |
|---|---|
| 3.1 | Environment* – liquids and gas price realizations, refining margins |
| --- | --- |

| * | The indicators are shown on page 21. |
|---|---|
| ** | This indicator represents TotalEnergies’ average margin on variable cost for refining in Europe<br>(equal to the difference between TotalEnergies European refined product sales and crude oil purchases with associated variable costs divided<br>by volumes refined in tons). |
| --- | --- |
The average LNG selling price was $13.96/Mbtu in the second quarter and $13.77/Mbtu in the first half, more than double the prices over the same periods in 2021, benefiting on a lagged basis from the increase in oil and gas indexes on long-term contracts as well as high spot gas prices over these periods.
| 3.2 | Greenhouse gas emissions^(14)^ |
|---|

Estimated 2022 quarterly emissions. 2021 quarterly equity share data are not available
* Excluding Covid effect

Estimated 2022 quarterly emissions. 2021 quarterly equity share data are not available
The evolution of Scope 1+2 emissions from the operated facilities is the result of the high-capacity utilization of CCGTs and refineries in Europe, TotalEnergies responding by increasing energy output, thus contributing to energy security.
| ^(14)^ | The<br> six greenhouse gases in the Kyoto protocol, namely CO2, CH4, N2O,<br> HFCs, PFCs and SF6, with their respective GWP (Global Warming Potential) as described<br> in the 2007 IPCC report. HFCs, PFCs and SF6 are virtually absent from the Company’s<br> emissions or are considered as non-material and are therefore not counted. |
|---|---|
| ^(15)^ | Scope<br> 1+2 GHG emissions of operated facilities are defined as the sum of direct emissions of greenhouse<br> gases from sites or activities that are included in the scope of reporting (as defined in<br> the Company’s 2021 Universal Registration Document) and indirect emissions attributable<br> to brought-in energy (electricity, heat, steam), excluding purchased industrial gases (H2). |
| --- | --- |
| ^(16)^ | TotalEnergies<br> reports Scope 3 GHG emissions, category 11, which correspond to indirect GHG emissions related<br> to the use by customers of energy products, i.e., combustion of the products to obtain energy.<br> The Company follows the oil & gas industry reporting guidelines published by IPIECA,<br> which comply with the GHG Protocol methodologies. In order to avoid double counting, this<br> methodology accounts for the largest volume in the oil and gas value chain, i.e., the higher<br> of the two production volumes or sales to end customers. For TotalEnergies, in 2021 and 2022,<br> the calculation of Scope 3 GHG emissions for the oil value chain considers oil products and<br> biofuels sales (higher than production) and for the gas value chain, gas sales either as<br> LNG or as part of direct sales to B2B/B2C customers (higher than or equivalent to marketable<br> gas production). |
| --- | --- |
| ^(17)^ | Scope<br> 3 GHG emissions, category 11, which correspond to indirect GHG emissions related to the sale<br> of petroleum products (including biofuels). |
| --- | --- |
| ^(18)^ | Scope<br> 1+2+3 GHG emissions in Europe are defined as the sum of Scope 1+2 GHG emissions of facilities<br> operated by the Company and indirect GHG emissions related to the use by customers of energy<br> products (Scope 3) in the EU, Norway, United Kingdom and Switzerland. |
| --- | --- |
4
| 3.3 | Production* |
|---|

| * | Company production = E&P production + iGRP production. |
|---|
Hydrocarbon production was 2,738 thousand barrels of oil equivalent per day (kboe/d) in the second quarter 2022, stable year-on-year, comprised of:
| · | +3% due to the increase in production quotas of OPEC countries, |
|---|---|
| · | +3% due to a reduction in planned maintenance and unplanned downtime, |
| --- | --- |
| · | +2% due to the start-up and ramp-up of projects, |
| --- | --- |
| · | -2% due to security-related production cuts in Libya and Nigeria, |
| --- | --- |
| · | -2% portfolio effect, mainly related to the end of the operating licenses for Qatargas 1 and Bongkot North<br>in Thailand, partially offset by the entry into the Sepia and Atapu fields in Brazil, |
| --- | --- |
| · | -1% due to the price effect, |
| --- | --- |
| · | -3% due to the natural decline of fields. |
| --- | --- |
Compared to the first quarter, production was down 4%, mainly due to planned maintenance operations for - 2%, production cuts in Nigeria and Libya for -1%, the end of Bongkot North's license in Thailand, partially offset by the entry into the production fields of Sepia and Atapu in Brazil.
Hydrocarbon production was 2,791 kboe/d in the first half 2022, down slightly by 0.5% year-on-year, comprised of:
| · | +2% due to the increase in production quotas of OPEC countries, |
|---|---|
| · | +2% due to the start-up and ramp-up of projects, including Clov Phase 2 and Zinia Phase 2 in Angola, and<br>Iara in Brazil, |
| --- | --- |
| · | +2% due to a reduction in planned maintenance and unplanned downtime, |
| --- | --- |
| · | -2% portfolio effect, mainly related to the end of the Qatargas 1 operating license, |
| --- | --- |
| · | -1% due to security-related production cuts in Libya and Nigeria, |
| --- | --- |
| · | -1% due to the price effect, |
| --- | --- |
| · | -2.5% due to the natural decline of fields. |
| --- | --- |
5
| 4. | Analysis of business segments |
|---|---|
| 4.1 | Integrated Gas, Renewables & Power (iGRP) |
| --- | --- |
| 4.1.1 | Production and sales of Liquefied Natural Gas (LNG) and electricity |
| --- | --- |

| * | The Company’s equity production may be sold by TotalEnergies or by the joint ventures. |
|---|
Hydrocarbon production for LNG is down 8% and 6% year-on-year, respectively, in the second quarter 2022 and the first half 2022, mainly due to the end of the Qatargas 1 contract and the decrease in supply to NLNG for security reasons in Nigeria. Production in Snøhvit, Norway, restarted in the second quarter.
Total LNG sales are up year-on-year by 11% in the second quarter 2022 and by 22% in the first half 2022, due to the increase in spot purchases to maximize the use of the Company's regasification capacity in Europe.

| ^(1)^ | Includes 20% of Adani Green Energy Ltd’s gross capacity effective first quarter 2021. |
|---|---|
| ^(2)^ | End of period data. |
| ^(3)^ | Solar, wind, biogas, hydroelectric and combined-cycle gas turbine (CCGT) plants. |
| ^(4)^ | TotalEnergies share (% interest) of EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization)<br>in Renewables & Electricity affiliates, regardless of consolidation method. |
| * | 2Q21 and 1H21 data corrected after taking into account AGEL’s result. |
Gross installed renewable power generation capacity grew to 11.6 GW at the end of the second quarter of 2022, up 0.9 GW over the quarter, including 0.4 GW related to the start-up of Phase 1 of the Al Kharsaah photovoltaic project in Qatar.
Gross power generation capacity in development increased by 3.8 GW quarter-on-quarter, mainly due to the acquisition of Core Solar's portfolio of projects in the United States.
6
Net electricity generation stood at 7.7 TWh in the second quarter 2022 and 15.2 TWh in the first half 2022, up 51% and 56%, respectively, year-on-year, thanks to higher utilization rates of flexible power plants (CCGT) as well as growth in electricity generation from renewable sources.
EBITDA from the Renewables & Electricity business reached $462 million in the second quarter 2022, up 49% year-on-year due to the growth of the business.
| 4.1.2 | Results |
|---|

| * | Detail of adjustment items shown in the business segment information annex to financial statements. |
|---|---|
| ** | Excluding financial charges, except those related to lease contracts, excluding the impact of contracts recognized at fair value for<br>the sector and including capital gains on the sale of renewable projects. |
| --- | --- |
| *** | Excluding financial charges, except those related to leases. |
| --- | --- |
iGRP's adjusted net operating income was:
| · | $2,555 million in the second quarter 2022, nearly triple year-on-year, thanks to higher LNG prices, the<br>performance of the gas, LNG and electricity trading activities and the growing contribution of the Renewables & Electricity businesses, |
|---|---|
| · | $5,606 million in the first half 2022, tripling over one year, for the same reasons. |
| --- | --- |
Cash flow is:
| · | 2.6 times higher over one year to $2,360 million in the second quarter 2022, thanks to the increase in<br>LNG prices, the performance of gas, LNG and electricity trading activities, and the increasing contribution of the Renewables & Electricity<br>activities, |
|---|---|
| · | 2.5 times higher over one year to $4,945 million in the first half 2022, for the same reasons. |
| --- | --- |
Cash flow from operations was $3,970 million for the quarter, mainly due to margin call reductions and the positive impact on working capital requirements linked to the seasonality of the gas and electricity supply business.
| 4.2 | Exploration & Production |
|---|---|
| 4.2.1 | Production |
| --- | --- |

7
| 4.2.2 | Results |
|---|

| * | Details on adjustment items are shown in the business segment information annex to financial statements. |
|---|---|
| ** | Tax on adjusted net operating income / (adjusted net operating income - income from equity affiliates - dividends received from investments<br>- impairment of goodwill + tax on adjusted net operating income). |
| --- | --- |
| *** | Excluding financial charges, except those related to leases. |
| --- | --- |
Adjusted net operating income from Exploration & Production was:
| · | $4,719 million in the second quarter 2022, double the second quarter 2021, thanks to the sharp increase<br>in oil and gas prices, |
|---|---|
| · | $9,734 million in the first half of 2022, 2.3 times higher than the first half 2021, for the same reasons. |
| --- | --- |
Compared to the first quarter, adjusted net operating income decreased by $296 million due to the decline in production and the impact of sanctions on the results of Russian assets.
Cash flow was $7,383 million in the second quarter 2022 compared to $4,262 million a year earlier and is up 82% to $14,686 million in the first half 2022, in line with higher oil and gas prices.
4.3 Downstream (Refining & Chemicals and Marketing & Services)
| 4.3.1 | Results |
|---|

| * | Detail of adjustment items shown in the business segment information annex to financial statements. |
|---|---|
| ** | Excluding financial charges, except those related to leases. |
| --- | --- |
8
| 4.4 | Refining & Chemicals |
|---|---|
| 4.4.1 | Refinery and petrochemicals throughput and utilization rates |
| --- | --- |

| * | Includes refineries in Africa reported in the Marketing & Services segment. |
|---|---|
| ** | Based on distillation capacity at the beginning of the year, excluding Grandpuits (shut down first quarter<br>2021) from 2021 and Lindsey refinery (divested) from second quarter 2021. |
| --- | --- |

| * | Olefins. |
|---|---|
| ** | Based on olefins production from steam crackers and their treatment capacity at the start of the year. |
| --- | --- |
Refinery throughput:
| · | Increased by 47% year-on-year in the second quarter 2022, due to the recovery in demand, particularly<br>in Europe and the United States, the restart this quarter of the Donges refinery in France and the Leuna refinery in Germany, which was<br>scheduled for a major turnaround in the second quarter 2021; |
|---|---|
| · | Increased by 31% in the first half 2022 over one year for the same reasons as well as the restart, in<br>2021, of the distillation unit of the Normandy refinery in France. |
| --- | --- |
Monomer production was down 15% in the second quarter 2022 and 8% in the first half 2022 year-on-year, mainly due to planned turnarounds at the Antwerp in Belgium and Feyzin in France as well as construction affecting sites in the U.S.
| 4.4.2 | Results |
|---|

| * | Detail of adjustment items shown in the business segment information annex to financial statements. |
|---|---|
| ** | Excluding financial charges, except those related to leases. |
| --- | --- |
Adjusted net operating income for the Refining and Chemicals segment was exceptional:
| · | $2,760 million in the second quarter 2022, compared to $511 million in the second quarter 2021, due to<br>higher refined volumes in response to the recovery in demand in Europe and the United States, very high margins on distillates and gasoline<br>in the context of reduced imports of Russian petroleum products, as well as the outperformance of crude oil and petroleum product trading<br>activities, |
|---|---|
| · | $3,880 million in the first half 2022 compared to a year ago, for the same reasons. |
| --- | --- |
Cash flow also increased sharply to $2,963 million in the second quarter 2022, 3.9 times higher than in the second quarter 2021, and to $4,396 million in the first half 2022.
9
| 4.5 | Marketing & Services |
|---|---|
| 4.5.1 | Petroleum product sales |
| --- | --- |

| * | Excludes trading and bulk refining sales. |
|---|
Sales of petroleum products were stable in the second quarter 2022 and the first half 2022 compared to the same periods last year, as the recovery in aviation and network activities worldwide offset the decline in sales to commercial and industrial customers, particularly in Europe.
| 4.5.2 | Results |
|---|

| * | Detail of adjustment items shown in the business segment information annex to financial statements. |
|---|---|
| ** | Excluding financial charges, except those related to leases. |
| --- | --- |
Adjusted net operating income for the Marketing & Services segment was $466 million, up 12% year-on-year, and $738 million in the first half, up 5% year-on-year, thanks mainly to the recovery of the network and aviation activities.
Cash flow was down 17% year-on-year to $585 million in the second quarter 2022, and 12% to $1,048 million in the first half, mainly due to the fiscal effect of higher prices on the valuation of petroleum product inventories.
10
| 5. | TotalEnergies results |
|---|---|
| 5.1 | Adjusted net operating income from business segments |
| --- | --- |
Segment adjusted net operating income was:
| · | $10,500 million in the second quarter 2022, compared to $4,032 million a year earlier, due to higher oil<br>and gas prices, refining margins and the good performance of trading activities, |
|---|---|
| · | $19,958 million in the first half 2022, compared to $7,519 million a year earlier, for the same reasons. |
| --- | --- |
| 5.2 | Adjusted net income (TotalEnergies share) |
| --- | --- |
TotalEnergies adjusted net income was $9,796 million in the second quarter 2022 compared to $3,463 million in the second quarter 2021, due to higher oil and gas prices, refining margins and the good performance of trading activities.
Adjusted net income excludes the after-tax inventory effect, non-recurring items and the impact of changes in fair value^(19)^.
The net income adjustment items^(20)^represented an amount of -$4,104 million in the second quarter 2022, notably due to the fact that TotalEnergies recorded in its accounts a new $3.5 billion impairment charge related mainly to the potential impact of international sanctions on the value of its Novatek stake.
TotalEnergies' effective tax rate was 39.4% in the second quarter 2022, compared to 38.7% in the first quarter and 34.3% a year earlier due to the increase in the Exploration & Production tax rate in line with the increase in hydrocarbon prices.
| 5.3 | Adjusted earnings per share |
|---|
Adjusted diluted net earnings per share were:
| · | $3.75 in the second quarter 2022, calculated based on 2,592 million weighted-average diluted shares, compared<br>to $1.27 a year earlier; |
|---|---|
| · | $7.14 in the first half 2022, calculated based on 2,602 million weighted-average diluted shares, compared<br>to $2.38 a year earlier. |
| --- | --- |
As of June 30, 2022, the number of fully-diluted shares was 2,578 million.
As part of its shareholder return policy, as announced in April 2022, TotalEnergies repurchased 36.1 million shares for cancellation in the second quarter of 2022 for $2 billion. Share buybacks amounted to $3 billion in the first half of the year.
| 5.4 | Acquisitions - asset sales |
|---|
Acquisitions were:
| · | $2,464 million in the second quarter 2022, including notably $2,232 million in payments to Petrobras related<br>to the award of the Atapu and Sepia Production Sharing Contracts in Brazil as well as the bonus related to the offshore wind concession<br>in North Carolina in the U.S., |
|---|---|
| · | $3,864 million in the first half 2022, including the above items as well as the bonus paid to the State<br>of Brazil for the award of the Atapu and Sepia Production Sharing Contracts and the bonus related to the New York Bight offshore wind<br>concession in the United States. |
| --- | --- |
Asset sales were:
| · | $388 million in the second quarter 2022, including the partial sale of the Landivisiau power generation<br>plant in France, |
|---|---|
| · | $866 million in the first half 2022, including the above items as well as a payment related to the sale<br>of interests in the CA1 offshore block in Brunei and the sale by SunPower of its Enphase shares. |
| --- | --- |
| ^(19)^ | These adjustment elements are explained<br>page 20. |
| --- | --- |
| ^(20)^ | Total adjustment items in net income<br>are detailed page 16 as well as in the annexes to the accounts |
| --- | --- |
11
| 5.5 | Net cash flow |
|---|
TotalEnergies' net cash flow^(21)^is as follows:
| · | $8,338 million in the second quarter 2022 compared to $3,154 million a year earlier, reflecting the $6.9<br>billion increase in cash flow and the $1.7 billion increase in net investments to $4,895 million in the second quarter 2022, |
|---|---|
| · | $17,061 million in the first half 2022 compared to $4,551 million a year earlier, reflecting the $13.1<br>billion increase in cash flow and the $631 million increase in net investments to $7,798 million in the first half 2022. |
| --- | --- |
Cash flow from operations was $16,284 million in the second quarter, compared to cash flow of $13,233 million, reflecting the positive impact of a $3.3 billion decrease in working capital requirements, mainly due to changes in margin calls, an increase in tax liabilities related to higher prices, and the seasonality of the gas and electricity supply activity.
| 5.6 | Profitability |
|---|
Return on equity was 27.1% for the twelve months ended June 30, 2022.

The return on average capital employed was 23.1% for the twelve months ended June 30, 2022.

| 6. | TotalEnergies SE statutory accounts |
|---|
Net income for TotalEnergies SE, the parent company, was €3,702 million in the first half 2022, compared to €4,568 million in the first quarter 2021.
| 7. | 2022 Sensitivities* |
|---|

| * | Sensitivities are revised once per year upon publication of the previous year’s fourth quarter results.<br>Sensitivities are estimates based on assumptions about TotalEnergies’ portfolio in 2022. Actual results could vary significantly<br>from estimates based on the application of these sensitivities. The impact of the $-€ sensitivity on adjusted net operating income<br>is essentially attributable to Refining & Chemicals. Please find the indicators detailed page 21. |
|---|---|
| ** | In a 60 $/b Brent environment. |
| --- | --- |
^(21)^ Net cash fow = cash flow – net investments (including other transactions with non-controlling interest).
12
| 8. | Summary and outlook |
|---|
Oil and gas prices, while volatile, have remained at high levels since the beginning of the third quarter. Due to the limited additional spare capacity of production and refining at the global level, market disruptions linked to the sanctions against Russia and the counter-sanctions implemented by Russia, the supply-demand balance of energy markets are expected to remain fragile and support prices, especially gas.
In the oil markets however, the price of Brent retreated to a level close to $100/bbl in July, due to negative expectations on global growth, and therefore on oil demand, in response to high energy prices and inflation.
Gas prices are expected to remain high, particularly in Europe where gas indices exceeded $50/Mbtu in early July for winter 2022-23 futures contracts, due to fears of a shutdown in pipeline exports from Russia to Europe. Local electricity markets are also impacted by gas prices.
The Company is mobilizing its human and financial resources to contribute to the diversification of Europe's gas supply by maximizing the use of its LNG regasification capacity. Given the evolution of oil and gas prices in recent months and the lag effect on pricing formulas, TotalEnergies anticipates that its average LNG selling price should be more than $15/Mbtu in the third quarter of 2022. However, the Company's LNG operations will be affected by the outage of the Freeport LNG plant in the third quarter.
Despite the approximately 40 kboe/d increase in planned maintenance in the third quarter compared to the second quarter, TotalEnergies expects production to be stable compared to the second quarter due to the contribution of new projects, notably in Brazil with the production ramp-up of Mero 1 and the entry into Sépia and Atapu. The Refining business aims to maintain a high utilization rate.
With nearly $8 billion in investments recorded at the end of June, TotalEnergies anticipates net investments of around $16 billion in 2022, 25% of which will be in Renewables & Electricity.
Given the strong cash flow generation and strong balance sheet, the Board of Directors has decided to prioritize countercyclical opportunities to accelerate the Company's transformation. The shareholder return policy is reinforced through dividend growth of 5% and the continuation of the share buyback program of $2 billion in the third quarter.
* * * *
To listen to the conference call with CEO Patrick Pouyanné and CFO Jean-Pierre Sbraire today at 13:30 (Paris time) please log on to totalenergies.com or call +44 (0) 207 194 3759 in Europe or +1 (646) 722-4916 in the United States (code: 47289312). The conference replay will be available on totalenergies.com after the event.
* * * *
TotalEnergies contacts
| Media Relations: | +33 (0)1 47 44 46 99 l [email protected]<br> l @TotalEnergiesPress |
|---|---|
| Investor Relations: | +33 (0)1 47 44 46 46 l [email protected] |
13
| 9. | Results from Russian assets |
|---|

Capital Employed by TotalEnergies in Russia as at June 30, 2022 was $8,760 million, after taking into account the $3,513 million impairment and the impact of the evolution of the ruble/dollar exchange rate between March 31, 2022 and June 30, 2022, which leads to a $2,066 million revaluation of Capital Employed on the balance sheet as at June 30, 2022.
- Operating information by segment
| 10.1 | Company’s production (Exploration & Production + iGRP) |
|---|

14
| 10.2 | Downstream (Refining & Chemicals and Marketing & Services) |
|---|

| * | Olefins, polymers. |
|---|
| 10.3 | Renewables |
|---|



| ^(1)^ | Includes 20% of gross capacity of Adani Green Energy Ltd effective first quarter<br>2021. |
|---|---|
| ^(2)^ | End-of-period data. |
| --- | --- |
15

| X | not specified, capacity < 0.2 GW. |
|---|

| X | not specified, PPA relating to a capacity < 0.2 GW. |
|---|---|
| 11. | Adjustment items to net income (TotalEnergies share) |
| --- | --- |

| 12. | Reconciliation of adjusted EBITDA with consolidated financial statements |
|---|---|
| 12.1 | Reconciliation of net income (TotalEnergies share) to adjusted EBITDA |
| --- | --- |

16
| 12.2 | Reconciliation of revenues from sales to adjusted EBITDA and net income (TotalEnergies share) |
|---|

17
| 13. | Investments - Divestments |
|---|

| * | Change in debt from renewable projects (TotalEnergies share and partner share). |
|---|---|
| 14. | Cash flow |
| --- | --- |

| * | Operating cash flow before working capital changes, is defined as cash flow from operating activities<br>before changes in working capital at replacement cost, excluding the mark-to-market effect of iGRP’s contracts and including capital<br>gain from renewable projects sale. |
|---|
Historical data have been restated to cancel the impact of fair valuation of iGRP sector’s contracts.
| ** | Changes in working capital are presented excluding the mark-to-market effect of iGRP’s contracts. |
|---|
18
| 15. | Gearing ratio |
|---|

| ^(1)^ | Excludes leases receivables and leases debts. |
|---|---|
| ^(2)^ | Including initial margins held as part of the Company's activities on organized<br>markets. |
| --- | --- |
| 16. | Return on average capital employed |
| --- | --- |
Twelve months ended June 30, 2022

Twelve months ended March 31, 2022

Twelve months ended June 30, 2021

| * | At replacement cost (excluding after-tax inventory effect). |
|---|
19
Disclaimer:
The terms “TotalEnergies”, “TotalEnergies company” and “Company” in this document are used to designate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate and independent legal entities.
This document does not constitute the half-year financial report, which will be separately published in accordance with article L. 451-1-2-III of the French Code monétaireet financier and applicable UK law, and available on the website totalenergies.com. This press release presents the results for the second quarter of 2022 and half-year 2022 from the consolidated financial statements of TotalEnergies SE as of June 30, 2022. The limited review procedures by the Statutory Auditors are underway. The notes to the consolidated financial statements (unaudited) are available on the website totalenergies.com.
This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, notably with respect to the financial condition, results of operations, business activities and industrial strategy of TotalEnergies. This document may also contain statements regarding the perspectives, objectives, areas of improvement and goals of TotalEnergies, including with respect to climate change and carbon neutrality (net zero emissions). An ambition expresses an outcome desired by TotalEnergies, it being specified that the means to be deployed do not depend solely on TotalEnergies. These forward-looking statements may generally be identified by the use of the future or conditional tense or forward-looking words such as “envisions”, “intends”, “anticipates”, “believes”, “considers”, “plans”, “expects”, “thinks”, “targets”, “aims” or similar terminology. Such forward-looking statements included in this document are based on economic data, estimates and assumptions prepared in a given economic, competitive and regulatory environment and considered to be reasonable by TotalEnergies as of the date of this document.
These forward-looking statements are not historical data and should not be interpreted as assurances that the perspectives, objectives or goals announced will be achieved. They may prove to be inaccurate in the future, and may evolve or be modified with a significant difference between the actual results and those initially estimated, due to the uncertainties notably related to the economic, financial, competitive and regulatory environment, or due to the occurrence of risk factors, such as, notably, the price fluctuations in crude oil and natural gas, the evolution of the demand and price of petroleum products, the changes in production results and reserves estimates, the ability to achieve cost reductions and operating efficiencies without unduly disrupting business operations, changes in laws and regulations including those related to the environment and climate, currency fluctuations, as well as economic and political developments, changes in market conditions, loss of market share and changes in consumer preferences, or pandemics such as the COVID-19 pandemic. Additionally, certain financial information is based on estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto.
Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. The information on risk factors that could have a significant adverse effect on TotalEnergies’ business, financial condition, including its operating income and cash flow, reputation, outlook or the value of financial instruments issued by TotalEnergies is provided in the most recent version of the Universal Registration Document which is filed by TotalEnergies SE with the French Autorité des Marchés Financiers and the annual report on Form 20-F filed with the United States Securities and Exchange Commission (“SEC”).
Financial information by business segment is reported in accordance with the internal reporting system and shows internal segment information that is used to manage and measure the performance of TotalEnergies. In addition to IFRS measures, certain alternative performance indicators are presented, such as performance indicators excluding the adjustment items described below (adjusted operating income, adjusted net operating income, adjusted net income), return on equity (ROE), return on average capital employed (ROACE), gearing ratio, operating cash flow before working capital changes, the shareholder rate of return. These indicators are meant to facilitate the analysis of the financial performance of TotalEnergies and the comparison of income between periods. They allow investors to track the measures used internally to manage and measure the performance of TotalEnergies.
These adjustment items include:
(i) Special items
Due to their unusual nature or particular significance, certain transactions qualified as "special items" are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. However, in certain instances, transactions such as restructuring costs or asset disposals, which are not considered to be representative of the normal course of business, may be qualified as special items although they may have occurred within prior years or are likely to occur again within the coming years.
(ii) Inventory valuation effect
The adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. This method is used to assess the segments’ performance and facilitate the comparability of the segments’ performance with those of TotalEnergies’ principal competitors.
In the replacement cost method, which approximates the LIFO (Last-In, First-Out) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end price differentials between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is the difference between the results according to the FIFO (First-In, First-Out) and the replacement cost.
(iii) Effect of changes in fair value
The effect of changes in fair value presented as an adjustment item reflects, for some transactions, differences between internal measures of performance used by TotalEnergies’ management and the accounting for these transactions under IFRS.
IFRS requires that trading inventories be recorded at their fair value using period-end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices.
TotalEnergies, in its trading activities, enters into storage contracts, whose future effects are recorded at fair value in TotalEnergies’ internal economic performance. IFRS precludes recognition of this fair value effect.
Furthermore, TotalEnergies enters into derivative instruments to risk manage certain operational contracts or assets. Under IFRS, these derivatives are recorded at fair value while the underlying operational transactions are recorded as they occur. Internal indicators defer the fair value on derivatives to match with the transaction occurrence.
The adjusted results (adjusted operating income, adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted for special items, excluding the effect of changes in fair value.
Euro amounts presented for the fully adjusted-diluted earnings per share represent dollar amounts converted at the average euro-dollar (€-$) exchange rate for the applicable period and are not the result of financial statements prepared in euros.
Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with SEC rules. We may use certain terms in this press release, such as “potential reserves” or “resources”, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in the Form 20-F of TotalEnergies SE, File N° 1-10888, available from us at 2, place Jean Millier – Arche Nord Coupole/Regnault - 92078 Paris-La Défense Cedex, France, or at our website totalenergies.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website sec.gov.
20
| Exhibit<br> 99.10 |
|---|
| PRESS RELEASE |
TotalEnergies announces the second 2022 interimdividend of €0.69/share, an increase of 5% compared to 2021
Paris, July 28, 2022 - The Board of Directors of TotalEnergies SE, meeting on July 27, 2022 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, declared the distribution of the second 2022 interim dividend at €0.69/share, similar to the first 2022 interim and an increase of 5% from the interim and the final dividends paid for the 2021 financial year. This increase is in line with the shareholder return policy for the financial year 2022 as announced by the Board in February 2022 and confirmed at the Annual General Meeting of May 25, 2022.
This second interim dividend will be paid in cash exclusively, according to the following timetable:
| Shareholders | ADS holders | |
|---|---|---|
| Ex-dividend date | January 2, 2023 | December 29, 2022 |
| Payment date | January 12, 2023 | January 25, 2023 |
____
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
TotalEnergies Contacts
Media Relations: +33 1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 1 47 44 46 46 l [email protected]
Cautionary Note
The terms “TotalEnergies”, “TotalEnergiescompany” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that aredirectly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” mayalso be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholdingare separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may containforward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitiveand regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergiesSE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trendscontained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, thatmay affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-languageversion of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF),and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Exhibit 99.11
| PRESS RELEASE | |
|---|---|
| Angola: | TotalEnergies is Rolling out its Multi-Energy Strategy by Launching Three Projects in Oil, Gas and Solar Energy |
| --- | --- |
Paris, July 28,2022 – As part of the rollout of its multi-energy strategy in Angola, TotalEnergies announces the launch of the Begonia oil field, and Quiluma and Maboqueiro gas fields developments, as well as its first photovoltaic project in the country, with a capacity of 35 MWp and the possibility of adding 45 MWp in a second phase.
Begonia, the first development onBlock 17/06
TotalEnergies today announces the final investment decision for Begonia, the first development of block 17/06, located 150 kilometers off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and its partners on Block 17/06.
The Begonia development consists of five wells tied back to the Pazflor FPSO (floating production, storage and offloading unit), already in operation on Block 17. After commissioning, expected in late 2024, it will add 30,000 barrels a day to the FPSO's production.
After CLOV Phase 3, another satellite project that produces 30,000 barrels a day and was launched on Block 17 in June 2022, Begonia is the second TotalEnergies-operated project in Angola to use a standardized subsea production system, saving up to 20% on costs and shortening lead times for equipment delivery.
The project represents an investment of $850 million and 1.3 million man-hours of work, 70% of which will be carried out in Angola.
Quiluma and Maboqueiro, Angola's firstnon-associated natural gas projects
TotalEnergies also announces the final investment decision for the “Non Associated Gas 1” (NAG1) project, in which the Company holds an 11.8% interest alongside its partners, Eni (operator with 25.6%), Chevron (31%), Sonangol P&P (19.8%) and bp (11.8%).
NAG1 is the first non-associated natural gas project developed in Angola. Gas produced from the Quiluma and Maboqueiro offshore fields will supply the Angola LNG plant, improving Angola's LNG production capacity and the availability of domestic gas for the country's industrial development. Production is scheduled to start in mid-2026.
Quilemba, Angola's first TotalEnergiessolar plant
TotalEnergies, alongside the Ministry of Energy and Water as well as its partners Sonangol and Greentech, was also awarded by the Angolan authorities, the concession for the construction of the Quilemba photovoltaic plant, with initial capacity of 35 MWp and the possibility of adding 45 MWp in a second phase.
The plant will be located in the southern city of Lubango and should come on stream at the end of 2023. It will contribute to the decarbonization of Angola’s energy mix and, through a fixed-price Power Purchase Agreement (PPA), deliver significant savings for the Angolan government compared to the fuel used in existing power plants. TotalEnergies holds an 51% interest in Quilemba solar, alongside affiliates of Sonangol EP (30%) and Angola Environment Technology (Greentech, 19%).
"Begonia,NAG1 and Quilemba illustrate the deployment of our multi-energy strategy in Angola, where TotalEnergies has been active for nearly seventyyears," said Patrick Pouyanné, Chairman and CEO of TotalEnergies. “With Begonia, the first subsea tiebackto another block, we are leveraging the existing Pazflor infrastructure, reducing costs, thanks largely to the standardization of subseaequipment, and continuing to innovate in the deep offshore. With the NAG1 project, we will contribute to the country’s industrialdevelopment and enable Angola, from 2026, to increase its LNG production and to contribute to the security of supply of Europe and Asia.Quilemba will allow us to harness the country's solar potential and develop a sustainable model for the production of electricity. Thesethree projects demonstrate TotalEnergies' ambition to support Angola during the energy transition by producing energy with low carbonintensity and developing renewables in a country with strong potential."

***
TotalEnergies in Angola
TotalEnergies has been present in Angola since 1953 and today employs around 1,500 people across different business segments. With a diversified portfolio, deep offshore operated assets representing more than 45% of the country’s oil production, service stations in partnership with Sonangol and renewable energy projects, TotalEnergies in Angola is a key player in supporting the country’s sustainable energy transition.
Block 17/06
TotalEnergies operates Block 17/06 with a 30% interest, alongside affiliates of Sonangol P&P (30%), SSI (27.5%), ACREP/Somoil (5%), Falcon Oil (5%) and PTTEP (2.5%).
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designateTotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE.Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to theiremployees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. Thisdocument may contain forward-looking information and statements that are based on a number of economic data and assumptions made ina given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a numberof risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-lookinginformation or statement, objectives or trends contained in this document whether as a result of new information, future events orotherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided inthe most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the Frenchsecurities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United StatesSecurities and Exchange Commission (SEC).
Exhibit 99.12
| PRESS RELEASE |
|---|
TotalEnergies and ADNOC partner in fuel distribution in Egypt
Cairo, 29 July 2022 – The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million. This new transaction follows the signing of the strategic partnership agreement signed by TotalEnergies and ADNOC on the occasion of the state visit in Paris of His Highness Sheikh, Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates.
Established in 1998, TotalEnergies Egypt operates about 7% of service stations in Egypt. The contemplated partnership between TotalEnergies, a leading global multi-energy company, and ADNOC Distribution, the UAE’s largest fuel retail distributor, includes a portfolio comprising 240 fuel retail stations, as well as wholesale fuel activities, an aviation fuel business, and lubricants sales.
The Acquisition is expected to complete in Q1 2023 pending satisfaction of certain conditions, including customary regulatory approvals.
Thierry Pflimlin, President Marketing &Services at TotalEnergies, said, ‘’TotalEnergies is pleased to join forces with ADNOC Distribution in Egypt. The rich experience of an experienced fuel distributor in the GCC region will bring a significant added value to TotalEnergies Marketing Egypt. We look forward to collaborating with ADNOC Distribution in a combined growth strategy.’’
Bader Saeed Al Lamki, CEO of ADNOC Distribution, said, “TotalEnergies Egypt is a well-established business with a solid track record of operational excellence and in-depth knowledge of the Egyptian fuel and retail sector. This move aligns with our vision to establish ADNOC Distribution as a regional leader in the fuel distribution sector. We look forward to providing the best possible service to customers in Egypt, and working with TotalEnergies to accelerate our international expansion in Egypt and beyond”.
***
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
| @TotalEnergies | TotalEnergies | TotalEnergies | TotalEnergies |
|---|
About ADNOC Distribution
ADNOC Distribution is the leading fuel distributor and convenience store operator in the UAE.
ADNOC Distribution operates 464 retail fuel stations, 350 convenience stores as of 31 March 2022 and is the leading marketer and distributor of fuels to commercial, industrial and government customers
throughout the UAE. ADNOC Distribution is the only fuel retailer operating in all seven emirates in the UAE, and in 2018 expanded its retail fuels operations internationally in the Kingdom of Saudi Arabia where it operates 55 retail fuel stations as of 31 March 2022. To find out more, visit www.adnocdistribution.ae.
TotalEnergies Contacts
Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR
Investor Relations: +33 (0)1 47 44 46 46 l [email protected]
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidatedentities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our”may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly ownsa shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on anumber of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccuratein the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligationto update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a resultof new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial resultsor activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergiesSE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the UnitedStates Securities and Exchange Commission (SEC).