6-K

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UNITED STATES

SECURITIES AND EXCHANGECOMMISSION

Washington, D.C. 20549

FORM****6-K

REPORT OF FOREIGN PRIVATEISSUER

PURSUANT TO RULE 13a-16OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

February****8,2023

Commission File Number 001-10888

TotalEnergies SE

**(Translationof registrant’**s name into English)

2, place Jean Millier

LaDé****fense 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  ¨

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):  ☐

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):  ☐

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.

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NOS. 333-255641, 333-255641-01, 333-255641-02 AND 333-255641-03) OF TOTALENERGIES SE, TOTALENERGIES CAPITAL INTERNATIONAL, TOTALENERGIES CAPITAL CANADA LTD. AND TOTALENERGIES CAPITAL AND THE REGISTRATION STATEMENT ON FORM S-8 (NO. 333-264261) OF TOTALENERGIES SE, AND TO BE PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

TotalEnergies SE is providing on this Form 6-K its results for the fourth quarter of 2022 and the year ended December 31, 2022, a description of certain recent developments relating to its business, as well as a capitalization table as of December 31, 2022.

EXHIBIT INDEX

Exhibit No.	Description
Exhibit 99.1	Results for the Fouth Quarter of 2022 and Year Ended December 31, 2022
Exhibit 99.2	Recent Developments
Exhibit 99.3	Capitalization and Indebtedness

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: February 8, 2023	By:	/s/ MARIE-SOPHIE WOLKENSTEIN
		Name:	Marie-Sophie Wolkenstein
		Title:	Company Treasurer

Exhibit 99.1

OPERATING AND FINANCIALREVIEW AND PROSPECTS

The terms "TotalEnergies", "TotalEnergies company" and "Company" in this exhibit are used to designate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE.

The financial information on pages 1-22 of this exhibit concerning TotalEnergies with respect to the fourth quarter of 2022 and year ended December 31, 2022 has been derived from TotalEnergies’ unaudited consolidated balance sheets as of December 31, 2022, unaudited statements of income, comprehensive income, cash flow and business segment information for the fourth quarter of 2022 and year ended December 31, 2022 and unaudited consolidated statements of changes in shareholders’ equity for year ended December 31, 2022 on pages 24 et seq. of this exhibit.

The following discussion should be read in conjunction with the aforementioned financial statements and with the information, including TotalEnergies’ audited consolidated financial statements and related notes, provided in TotalEnergies’ Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission (“SEC”) on March 25, 2022.

A.	KEY<br> FIGURES
4Q22	3Q22	4Q21	4Q22<br><br> <br>vs<br><br> <br>4Q21	in millions of dollars, except earnings per share and number of shares	2022	2021	2022<br><br> <br>vs<br><br> <br>2021
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68,582	69,037	60,348	+14%	Sales	280,999	205,863		+36%
15,997	19,420	14,285	+12%	Adjusted EBITDA^1^	71,578	42,302		+69%
8,238	10,279	7,316	+13%	Adjusted<br> net operating income^2^ from business segments	38,475	20,209		+90%
3,528	4,217	3,525	-	Exploration<br> & Production	17,479	10,439		+67%
2,889	3,649	2,759	+5%	Integrated<br> Gas, Renewables & Power	12,144	6,243		+95%
1,487	1,935	553	x2.7	Refining<br> & Chemicals	7,302	1,909		x3.8
334	478	479	-30%	Marketing<br> & Services	1,550	1,618		-4%
(281)	(108)	1,860	ns	Net income (loss) from<br> equity affiliates	(1,892)	3,438		ns
1.26	2.56	2.17	-42%	Fully-diluted<br> earnings per share ($)	7.85	5.92		+33%
2,522	2,560	2,644	-5%	Fully-diluted weighted-average<br> shares (millions)	2,572	2,647		-3%
3,264	6,626	5,837	-44%	Net<br> income (TotalEnergies share)	20,526	16,032		+28%
3,935	3,116	4,681	-16%	Organic investments^3^	11,852	12,675		-6%
(133)	1,587	(396)	ns	Net<br> acquisitions^4^	4,451	632		x7
3,802	4,703	4,285	-11%	Net investments^5^	16,303	13,307		+23%
5,618	17,848	11,621	-52%	Cash<br> flow from operating activities^6^	47,367	30,410		+56%
				of<br> which:
(3,791)	7,407	2,232	ns	(increase)<br> decrease in working capital	1,191	(616)		ns
(226)	(304)	(398)	ns	financial<br> charges	(1,296)	(1,520)		ns
1	Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) corresponds to the adjusted earnings before depreciation, depletion and impairment of tangible and intangible assets and mineral interests, income tax expense and cost of net debt, i.e., all operating income and contribution of equity affiliates to net income. The reconciliation of net income (TotalEnergies share) to adjusted EBITDA is set forth under “Reconciliation Of Net Income (TotalEnergies Share) To Adjusted EBITDA” on page 20 of this exhibit.
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2	Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value. See pages 4 et seq. “Analysis of business segment results” below for further details.
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3	Organic investments = net investments excluding acquisitions, asset sales and other operations with non-controlling interests.
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4	Net acquisitions = acquisitions - assets sales - other transactions with non-controlling interests (see page 20).
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5	Net investments = organic investments + net acquisitions (see “Investments – Divestments’” on page 20).
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6	See also “C. TotalEnergies results – Cash Flow”. The reconciliation table for different cash flow figures is set forth under “Cash Flow” on page 21 of this exhibit.
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Key figures of environment, greenhouse gasemissions and production

Environment* — liquids and gas pricerealizations, refining margins

4Q22	3Q22	4Q21	4Q22<br><br> <br>vs<br><br> <br>4Q21		2022	2021	2022<br><br> <br>vs<br><br> <br>2021
88.8	100.8	79.8	+11%	Brent ($/b)	101.3	70.9	+43%
6.1	7.9	4.8	+26%	Henry Hub ($/Mbtu)	6.5	3.7	+76%
32.3	42.5	32.8	-2%	NBP** ($/Mbtu)	32.4	16.4	+97%
30.5	46.5	35.0	-13%	JKM***<br> ($/Mbtu)	33.8	18.5	+83%
80.6	93.6	72.6	+11%	Average price of liquids<br> ($/b) <br><br> Consolidated subsidiaries	91.3	65.0	+41%
12.74	16.83	11.38	+12%	Average price of gas ($/Mbtu)<br> <br><br> Consolidated subsidiaries	13.15	6.60	+99%
14.83	21.51	13.12	+13%	Average<br> price of LNG ($/Mbtu) <br><br> Consolidated subsidiaries and equity affiliates	15.90	8.80	+81%
73.6	99.2	16.7	x4.4	Variable<br> cost margin – Refining Europe, VCM ($/t)****	94.1	10.5	x9

* The indicators are shown on page 23.

** NBP (National Balancing Point) is a virtual natural gas trading point in the United Kingdom for transferring rights in respect of physical gas and which is widely used as a price benchmark for the natural gas markets in Europe. NBP is operated by National Grid Gas plc, the operator of the UK transmission network.

*** JKM (Japan-Korea Marker) measures the prices of spot LNG trades in Asia. It is based on prices reported in spot market trades and/or bids and offers collected after the close of the Asian trading day at 16:30 Singapore time.

****This indicator represents TotalEnergies’ average margin on variable cost for refining in Europe (equal to the difference between TotalEnergies’ European refined product sales and crude oil purchases with associated variable costs divided by volumes refined in tons).

Greenhouse gas emissions (GHG)^1^

4Q22	3Q22	4Q21	4Q22 vs 4Q21	GHG emissions (MtCO2e)	2022	2021	2022 vs 2021
10.1	10.3	9.9	+2%	Scope 1+2 from operated facilities^2^	39.7	37.0	+7%
8.3	8.2	8.5	-2%	of<br> which Oil & Gas	32.5	33.1	-2%
1.8	2.1	1.4	+24%	of<br> which CCGT	7.2	3.8	+86%
14.7	14.0	-	-	Scope<br> 1+2 – equity share	56.1	53.7	+4%
107	90	108	-1%	Scope 3 from Oil, Biofuels & Gas Worldwide^3^	389	400	-3%
58	65	75	-22%	of<br> which Scope 3 Oil Worldwide^4^	254	285	-11%

Estimated 2022 quarterly emissions.2021 quarterly equity share data are not available.

Excluding Covid-19 effect for emissionsdata from 2Q20 through 2Q22.

^1^	The six greenhouse gases in the Kyoto protocol, namely CO2, CH4, N2O, HFCs, PFCs and SF6, with their respective GWP (Global Warming Potential) as described in the 2007 IPCC report. HFCs, PFCs and SF6 are virtually absent from the Company’s emissions or are considered as non-material and are therefore not counted.
^2^	Scope 1+2 GHG emissions of operated facilities are defined as the sum of direct emissions of greenhouse gases from sites or activities that are included in the scope of reporting (as defined in the Company’s 2021 annual report on Form 20-F filed on March 25, 2022) and indirect emissions attributable to brought-in energy (electricity, heat, steam), excluding purchased industrial gases (H2).
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^3^	TotalEnergies reports Scope 3 GHG emissions, category 11, which correspond to indirect GHG emissions related to the use by customers of energy products, i.e., combustion of the products to obtain energy. The Company follows the oil & gas industry reporting guidelines published by IPIECA, which comply with the GHG Protocol methodologies. In order to avoid double counting, this methodology accounts for the largest volume in the oil, biofuels and gas value chains, i.e., the higher of the two production volumes or sales to end customers. For TotalEnergies, in 2022, the calculation of Scope 3 GHG emissions for the oil and biofuels value chains considers products sales (higher than production) and for the gas value chain, marketable gas production (higher than gas sales either as LNG or as part of direct sales to B2B/B2C).
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^4^	Scope 3 GHG emissions, category 11, which correspond to indirect GHG emissions related to the sale of petroleum products.
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4Q22	3Q22	4Q21	4Q22 vs 4Q21	Methane emissions (ktCH4)	2022	2021	2022 vs 2021
---	---	---	---	---	---	---	---
11	10	12	-8%	Methane emissions from operated<br><br> <br>facilities	42	49	-14%
10	14	-	-	Methane emissions - equity<br> share	47	51	-8%

Estimated 2022 quarterly emissions.2021 quarterly equity share data are not available.

The evolution of Scope 1+2 emissions of operated installations in 2022 is mainly due to the increased use of gas-fired power plants (7.2 Mt in 2022 versus 3.8 Mt in 2021), in the context of lower availability of nuclear power plants in France, as well as the start-up of the Landivisiau power plant. Conversely, emissions from Oil & Gas activities fell by 2%.

Production*

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Hydrocarbon production	2022	2021	2022 vs 2021
2,812	2,669	2,852	-1%	Hydrocarbon<br> production (kboe/d)	2,765	2,819	-2%
1,357	1,298	1,278	+6%	Oil<br> (including bitumen) (kb/d)	1,307	1,274	+3%
1,455	1,371	1,574	-8%	Gas<br> (including condensates and associated NGL) (kboe/d)	1,458	1,545	-6%
2,812	2,669	2,852	-1%	Hydrocarbon production<br> (kboe/d)	2,765	2,819	-2%
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1,570	1,494	1,509	+4%	Liquids<br> (kb/d)	1,519	1,500	+1%
6,681	6,367	7,328	-9%	Gas<br> (Mcf/d)	6,759	7,203	-6%

*   Companyproduction = production of Exploration & Production segment (EP) + production of Integrated Gas, Renewables & Power segment (iGRP).

Hydrocarbon production was 2,812 thousand barrels of oil equivalent per day (kboe/d) in the fourth quarter of 2022, up 5% quarter-on-quarter, benefiting from projects ramp-up (Mero 1 in Brazil, Ikike in Nigeria), resumption of production from Kashagan in Kazakhstan, lower planned maintenance (notably on Ichthys, in Australia), and despite the disposal of Termokarstovoye, in Russia.

Hydrocarbon production was 2,765 kboe/d in 2022, down 2% year-on-year, comprised of:

·	+3%<br> due to start-ups and ramp-ups, notably CLOV Phase 2 and Zinia Phase 2 in Angola, Mero 1 in<br> Brazil and Ikike in Nigeria,
·	+2%<br> due to the increase in OPEC+ production quotas,
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·	-3%<br> portfolio effect, notably related to the end of the operating licenses for Qatargas 1 and<br> Bongkot North in Thailand, as well as the effective withdrawal from Myanmar, the exit from<br> Termokarstovoye and Kharyaga in Russia, partially offset by the entry into the Sépia<br> and Atapu producing fields in Brazil,
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·	-1%<br> due to security-related production cuts in Libya and Nigeria,
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·	-1%<br> due to price effect,
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·	-2%<br> due to the natural decline of the fields.

B.  ANALYSIS OF BUSINESS SEGMENT RESULTS

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 and which is reviewed by the main operational decision-making body of TotalEnergies, namely the Executive Committee.

Due to their unusual nature or particular significance, certain transactions qualifying as “special items” are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. In certain instances, certain transactions such as restructuring costs or asset disposals, which are not considered to be representative of the normal course of business, may qualify as special items although they may have occurred in prior years or are likely to occur again in following years.

In accordance with IAS 2, TotalEnergies values inventories of petroleum products in its financial statements according to the First-In, First-Out (FIFO) method and other inventories using the weighted-average cost method. Under the FIFO method, the cost of inventory is based on the historic cost of acquisition or manufacture rather than the current replacement cost. In volatile energy markets, this can have a significant distorting effect on the reported income. Accordingly, 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 its main competitors. In the replacement cost method, which approximates the Last-In, First-Out (LIFO) 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 differential 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 under the FIFO and replacement cost methods.

The effect of changes in fair value presented as an adjustment item reflects, for trading inventories and storage contracts, differences between internal measures of performance used by TotalEnergies’ Executive Committee 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, the future effects of which 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 business segment 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. For further information on the adjustments affecting operating income on a segment-by-segment basis, and for a reconciliation of segment figures to figures reported in TotalEnergies’ interim consolidated financial statements, see pages 32 et seq. of this exhibit.

TotalEnergies measures performance at the segment level on the basis of adjusted net operating income. Net operating income comprises operating income of the relevant segment after deducting the amortization and the depreciation of intangible assets other than leasehold rights, translation adjustments and gains or losses on the sale of assets, as well as all other income and expenses related to capital employed (dividends from non-consolidated companies, income from equity affiliates and capitalized interest expenses) and after income taxes applicable to the above. The income and expenses not included in net operating income that are included in net income are interest expenses related to long-term liabilities net of interest earned on cash and cash equivalents, after applicable income taxes (net cost of net debt and non-controlling interests). Adjusted net operating income excludes the effect of the adjustments (special items and the inventory valuation effect) described above. Performance indicators excluding the adjustment items, such as adjusted incomes and ROACE are meant to facilitate the analysis of the financial performance and the comparison of income between periods.

B.1.    IntegratedGas, Renewables & Power segment (iGRP)

1. Results

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars	2022	2021	2022 vs 2021
14,683	11,495	11,634	+26%	External sales	48,753	30,704	+59%
3,617	2,305	1,414	x2.6	Operating income	8,580	3,350	x2.6
1,253	3,190	1,281	-2%	Net income (loss) from<br> equity affiliates and other items	2,766	2,745	+1%
(381)	(777)	(237)	+61%	Tax on net operating income	(1,712)	(602)	ns
4,489	4,718	2,458	+83%	Net operating income	9,634	5,493	+75%
(1,600)	(1,069)	301	ns	Adjustments affecting net operating income	2,510	750	x3.3
2,889	3,649	2,759	+5%	Adjusted net operating<br> income*	12,144	6,243	+95%
1,301	1,888	1,321	-2%	including adjusted income<br> from equity affiliates	5,838	2,696	x2.2
650	653	1,190	-45%	Organic investments	1,904	3,341	-43%
(211)	1,718	47	ns	Net acquisitions	2,089	1,165	+79%
439	2,371	1,237	-65%	Net<br> investments	3,993	4,506	-11%

*Detail ofadjustment items shown in the business segment information starting on page 32 of this exhibit.

Adjusted net operating income for the iGRP segment was:

·	$2,889<br> million in the fourth quarter 2022, up 5% year-on-year, mainly due to the growing contribution<br> of the Integrated Power business,
·	$12,144<br> million for the full year of 2022, up 95% year-on-year, due to its integrated LNG portfolio,<br> in particular its regasification capacity in Europe, which positioned it to capture the benefit<br> of the favorable pricing environment, and thanks to the growth of the Integrated Power business.

Adjusted net operating income for the iGRP segment excludes special items and the impact of changes in fair value. The exclusion of special items and changes in fair value had:

·	a<br> negative impact of $1,600 million in the fourth quarter 2022 on the segment’s adjusted<br> net operating income, compared to a positive impact of $301 million in the fourth quarter<br> 2021,
·	a<br> positive impact of $2,510 million for the full year 2022 on the segment’s adjusted<br> net operating income, compared to a positive impact of $750 million for the full year 2021.

The segment’s operating cash flow before working capital changes without financial charges (DACF)^1^ was:

·	$3,127<br> million in the fourth quarter 2022, up 28% year-on-year, mainly due to the performance of<br> the Integrated LNG business, which benefited from higher prices and the growing contribution<br> of the Integrated Power business,
·	$10,754<br> million for the full year 2022, up 76% year-on-year, for the same reasons.

The segment’s cash flow from operations excluding financial charges, except those related to leases was:

·	$995<br> million in the fourth quarter 2022, compared to a negative impact of $57 million in the fourth<br> quarter 2021,
·	$9,670<br> million for the full year 2022, 11.7<br> times higher than $827 million for the full year 2021.

Starting in the first quarter of 2023, iGRP results will be presented in two segments:

·	Integrated<br> LNG covering LNG production and trading activities as well as biogas and hydrogen activities,
·	Integrated<br> Power covering electricity generation, storage, trading, and B2B B2C gas and power marketing<br> activities.

^1^DACF= debt adjusted cash flow. Operating cash flow before working capital changes without financial charges of the segment is defined as cash flow from operating activities before changes in working capital at replacement cost, without financial charges except those related to leases, excluding the impact of contracts recognized at fair value for the segment and including capital gains on the sale of renewable projects. For information on the replacement cost method, refer to “B. Analysis of Business Segment Results”, above.

2.Integrated Liquefied Natural Gas (LNG)

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Hydrocarbon production for LNG	2022	2021	2022 vs 2021
503	418	562	-11%	iGRP (kboe/d)	469	529	-11%
58	40	68	-14%	Liquids (kb/d)	53	63	-16%
2,420	2,067	2,697	-10%	Gas (Mcf/d)	2,267	2,541	-11%
4Q22	3Q22	4Q21	4Q22 vs 4Q21	Liquefied Natural Gas in Mt	2022	2021	2022 vs 2021
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12.7	10.4	11.6	+10%	Overall LNG sales	48.1	42.0	+15%
4.4	4.0	4.6	-4%	including sales from equity<br> production*	17.0	17.4	-2%
11.4	9.2	10.1	+13%	including<br> sales by TotalEnergies from equity production and third-party purchases	42.8	35.1	+22%

* The Company’s equity production maybe sold by TotalEnergies or by the joint ventures.

LNG production was 4.4 Mt in the fourth quarter 2022, up 10% from the previous quarter, benefiting from a production from Ichthys LNG in Australia after a planned maintenance in the third quarter. Production declined by 2% over the year, despite the restart of Snøhvit, Norway, in the second quarter 2022, due to the end of the Qatargas 1 operating license and supply issues at Nigeria LNG.

Total LNG sales were up 22% in the fourth quarter 2022 and 15% in the year, supported by strong LNG demand in Europe.

Adjusted net operating income for Integrated LNG segment was:

·	$11.2<br> billion for the full year 2022, double the $5.6 billion contribution for the full year 2021,<br> as the integrated LNG portfolio, in particular its regasification capacity in Europe, was<br> well-positioned to capture the benefit of the favorable pricing environment.

Integrated LNG cash flow was:

·	$9.8<br> billion for the full year 2022, up nearly 80% compared to $5.5 billion contribution for the<br> full year 2021, for the same reason.

3.Integrated Power

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Integrated Power	2022	2021	2022 vs 2021
69.0	67.8	43.0	+61%	Portfolio of renewable power generation gross capacity<br> (GW)^1,2,3^	69.0	43.0	+61%
16.8	16.0	10.3	+64%	o/w installed capacity	16.8	10.3	+64%
6.1	5.4	6.5	-6%	o/w capacity in construction	6.1	6.5	-6%
46.0	46.4	26.2	+76%	o/w capacity in development	46.0	26.2	+76%
33.4	33.9	28.0	+19%	Gross renewables capacity with PPA (GW)^1,2,3^	33.4	28.0	+19%
45.5	45.2	31.7	+43%	Portfolio of renewable power generation net capacity<br> (GW)^3^	45.5	31.7	+43%
7.7	7.4	5.1	+50%	o/w installed capacity	7.7	5.1	+50%
4.1	3.5	4.6	-10%	o/w capacity in construction	4.1	4.6	-10%
33.6	34.2	22.0	+53%	o/w capacity in development	33.6	22.0	+53%
9.4	8.5	6.7	+42%	Net power production (TWh)^4^	33.2	21.2	+57%
3.3	2.4	1.9	+74%	incl. Power production from<br> renewables	10.4	6.8	+53%
6.1	6.3	6.1	+1%	Clients power - BtB and BtC (Million)^3^	6.1	6.1	+1%
2.7	2.8	2.7	+1%	Clients gas - BtB and BtC (Million)^3^	2.7	2.7	+1%
14.6	12.1	16.1	-10%	Sales power - BtB and BtC (TWh)	55.3	56.6	-2%
28.1	14.2	31.2	-10%	Sales gas - BtB<br> and BtC (TWh)	96.3	101.2	-5%

^1^ Includes 20% of Adani Green EnergyLtd’s (AGEL) gross capacity effective first quarter 2021.

^2^ Includes 50% of Clearway EnergyGroup’s gross capacity effective third quarter 2022.

^3^ End of period data.

^4^ Solar, wind, hydroelectric andcombined-cycle gas turbine (CCGT) plants.

Gross installed renewable electricity generation capacity reached 16.8 GW at year-end 2022, up 6.5 GW year-on-year, including nearly 4 GW from the acquisition of 50% of Clearway Energy Group in the United States and 0.8 GW from the start-up of the Al Kharsaah photovoltaic project in Qatar.

Net electricity generation stood at 9.4 TWh in the fourth quarter 2022 and 33.2 TWh at year-end 2022, up 57% year-on-year due to higher utilization rates of flexible power plants (CCGT) as well as a 53% increase in generation from renewable sources.

Adjusted net operating income for Integrated Power segment was:

·	$1.0<br> billion for the full year 2022, up nearly 60% compared to $0.6 billion contribution for the<br> full year 2021, driven by growth in power generation.

Integrated Power cash flow was:

·	$1.0<br> billion for the full year 2022, up nearly 50% compared to $0.7 billion contribution for the<br> full year 2021, for the same reason.

B.2.   Exploration &Production segment

1. Production

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Hydrocarbon production	2022	2021	2022 vs 2021
2,309	2,251	2,290	+1%	EP (kboe/d)	2,296	2,290	-
1,512	1,454	1,441	+5%	Liquids (kb/d)	1,466	1,437	+2%
4,261	4,300	4,631	-8%	Gas (Mcf/d)	4,492	4,662	-4%

2. Results

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars, except effective tax rate	2022	2021	2022 vs 2021
2,600	2,670	2,068	+26%	External Sales	9,942	7,246	+37%
7,950	8,492	5,894	+35%	Operating income	32,496	16,310	+99%
(3,874)	(2,643)	74	ns	Net income (loss) from equity affiliates and other items	(9,943)	(760)	ns
54.4%	55.4%	49.7%	-	Effective tax rate*	50.8%	45.2%	-
(4,635)	(5,071)	(3,124)	ns	Tax on net operating income	(17,455)	(7,506)	ns
(559)	778	2,844	ns	Net operating income	5,108	8,044	-36%
4,087	3,439	681	x6.0	Adjustments affecting net operating income	12,371	2,395	x5.2
3,528	4,217	3,525	-	Adjusted net operating income**	17,479	10,439	+67%
316	377	366	-14%	including income from equity<br> affiliates	1,335	1,230	+9%
2,219	1,989	2,196	+1%	Organic investments	7,507	6,690	+12%
105	(126)	(162)	ns	Net acquisitions	2,520	(167)	ns
2,324	1,863	2,034	+14%	Net investments	10,027	6,523	+54%

*Effectivetax rate = tax on adjusted net operating income / (adjusted net operating income - income from equity affiliates - dividends receivedfrom investments - impairment of goodwill + tax on adjusted net operating income).

**Detail ofadjustment items shown in the business segment information starting on page 32 of this exhibit.

The Exploration & Production segment’s adjusted net operating income was:

·	$3,528<br> million in the fourth quarter 2022, stable year-on-year, due to the rise in oil prices, and<br> despite the increase in taxes, particularly in the United Kingdom,
·	$17,479<br> million for the full year 2022, up 67% year-on-year, thanks to higher oil and gas prices.
---	---

Compared to the third quarter 2022, adjusted net operating income was down 16% in the fourth quarter 2022, due to lower oil and gas prices.

Adjusted net operating income for the Exploration & Production segment excludes special items. The exclusion of special items had:

·	a<br> positive impact of $4,087 million in the fourth quarter 2022 on the segment’s adjusted<br> net operating income, compared to a positive impact of $681 million in the fourth quarter<br> 2021,
·	a<br> positive impact of $12,371 million in the full year 2022 on the segment’s adjusted<br> net operating income, compared to a positive impact of $2,395 million for the full year 2021.
---	---

The segment’s operating cash flow before working capital changes without financial charges (DACF)^2^was:

·	$4,988<br> million in the fourth quarter 2022, down 12% year-on-year, due to higher taxes, particularly<br> in the United Kingdom, and despite rising oil prices,
·	$26,080<br> million for the full year 2022, up 39% year-on-year, thanks to higher oil and gas prices.
---	---

Compared to the third quarter 2022, operating cash flow before working capital changes without financial charges (DACF)^2^ was down 22% in the fourth quarter 2022, due to lower oil and gas prices, and despite higher production.

The segment’s cash flow from operations excluding financial charges, except those related to leases was:

·	$4,035<br> million for the fourth quarter 2022, down 53% compared to $8,624 million in the fourth quarter<br> 2021.
·	$27,654<br> million for the full year 2022, up 26% compared to $22,009 million for the full year 2021.
---	---

^2^DACF= debt adjusted cash flow. Operating cash flow before working capital changes without financial charges of the segment is defined as cash flow from operating activities before changes in working capital at replacement cost, without financial charges except those related to leases. For information on the replacement cost method, refer to “B. Analysis of Business Segment Results”, above.

The impact of the Energy Profit Levy (EPL) in the United Kingdom on current income was $0.4 billion in the fourth quarter 2022, and $1.0 billion for the full year 2022. The negative impact of the EPL on deferred taxes was treated as a non-recurring item, amounting to $0.6 billion for the full year 2022 and $0.3 billion in the fourth quarter 2022.

B.3.   Downstream (Refining &Chemicals and Marketing & Services segments)

1. Results

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars	2022	2021	2022 vs 2021
51,287	54,867	46,635	+10%	External sales	222,279	167,888	+32%
947	1,769	1,153	-18%	Operating income	10,671	5,923	+80%
99	205	311	-68%	Net income (loss) from equity affiliates and other items	865	626	+38%
(1,011)	(408)	(398)	ns	Tax on net operating income	(3,331)	(1,806)	ns
35	1,566	1,066	-97%	Net operating income	8,205	4,743	+73%
1,786	847	(34)	ns	Adjustments affecting net operating income	647	(1,216)	ns
1,821	2,413	1,032	+76%	Adjusted net operating income*	8,852	3,527	x2.5
1,023	453	1,267	-19%	Organic investments	2,354	2,576	-9%
(28)	(6)	(281)	ns	Net acquisitions	(159)	(368)	ns
995	447	986	+1%	Net investments	2,195	2,208	-1%

* Detail of adjustment itemsshown in the business segment information starting on page 32 of this exhibit.

The Downstream segment’s operating cash flow before working capital changes without financial charges (DACF)^3^ was:

·	$1,681<br> million in the fourth quarter 2022, up 8% compared to $1,559 million in the fourth quarter<br> 2021,
·	$10,069<br> million for the full year 2022, up 83% compared to $5,502 million for the full year 2021.
---	---

The Downstream segment’s cash flow from operations excluding financial charges, except those related to leases was:

·	$939<br> million for the fourth quarter 2022, down 67% compared to $2,832 million in the fourth quarter<br> 2021,
·	$11,787<br> million for the full year 2022, up 34% compared to $8,806 million for the full year 2021.
---	---

B.4.   Refining & Chemicalssegment

1. Refinery and petrochemicals throughputand utilization rates

4Q22	****<br><br> <br>3Q22	4Q21	4Q22 vs 4Q21	Refinery throughput and utilization  rate*	2022	2021	2022 vs 2021
1,389	1,599	1,279	+9%	Total refinery throughput (kb/d)	1,472	1,180	+25%
312	431	223	+40%	France	348	190	+83%
580	656	612	-5%	Rest of Europe	623	568	+10%
497	512	444	+12%	Rest of world	501	423	+18%
77%	88%	73%	-	Utilization<br> rate based on crude only**	82%	64%	-

*  Includes refineries in Africa reportedin the Marketing & Services segment.

** Based on distillation capacity at the beginningof the year, excluding Grandpuits (shut down first quarter 2021) from 2021 and Lindsey refinery (divested) from second quarter 2021.

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Petrochemicals production and utilization rate	2022	2021	2022 vs 2021
1,095	1,299	1,460	-25%	Monomers* (kt)	5,005	5,775	-13%
917	1,171	1,231	-26%	Polymers (kt)	4,549	4,938	-8%
66%	80%	90%	-	Steamcracker utilization<br> rate**	76%	90%	-

* Olefins

** Based on olefins production from steam crackersand their treatment capacity at the start of the year.

Refinery throughput was:

·	down<br> 13% over the quarter due to the impact of strikes on French facilities and a planned shutdown<br> at the Antwerp platform in Belgium,
·	up<br> 9% year-on-year in the fourth quarter 2022, due to the recovery in demand, particularly in<br> Europe and the United States, and the restart of the Donges refinery in France in the second<br> quarter of 2022, partially offset by the items above,
---	---
·	up<br> 25% for the full year 2022, due to the increase in the utilization rate of refineries.
---	---

^3^DACF= debt adjusted cash flow. Operating cash flow before working capital changes without financial charges of the segment is defined as cash flow from operating activities before changes in working capital at replacement cost, without financial charges except those related to leases. For information on the replacement cost method, refer to “B. Analysis of Business Segment Results”, above.

Petrochemicals production was:

·	down<br> 25% year-on-year in the fourth quarter of 2022 for monomers and 26% for polymers, due to<br> the impact of strikes on French facilities and an unplanned shutdown on the BTP platform<br> in the United States,
·	for<br> the full year 2022 compared to the full year 2021, down 13% for monomers and 8% for polymers,<br> after the very strong post-Covid increase observed in 2021.
---	---

2. Results

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars	2022	2021	2022 vs 2021
26,650	28,899	24,781	+8%	External sales	121,618	87,600	+39%
681	1,296	610	+12%	Operating income	8,308	3,564	x2.3
161	219	228	-29%	Net income (loss) from equity affiliates and other items	885	518	+71%
(898)	(255)	(234)	ns	Tax on net operating income	(2,544)	(1,068)	ns
(56)	1,260	604	ns	Net operating income	6,649	3,014	x2.2
1,543	675	(51)	ns	Adjustments affecting net operating income	653	(1,105)	ns
1,487	1,935	553	x2.7	Adjusted net operating income*	7,302	1,909	x3.8
585	224	680	-14%	Organic investments	1,319	1,502	-12%
(5)	1	(156)	ns	Net acquisitions	(38)	(217)	ns
580	225	524	+11%	Net investments	1,281	1,285	-

* Detail of adjustment items shownin the business segment information starting on page 32 of this exhibit.

Adjusted net operating income for the Refining & Chemicals segment was:

·	$1,487<br> million in the fourth quarter 2022, 2.7 times higher than in the fourth quarter 2021, driven<br> by high refining margins,
·	$7,302<br> million for the full year 2022, 3.8 times higher than the full year 2021, due to high refining<br> margins in Europe and the United States and higher refinery utilization rates.
---	---

Compared to the third quarter 2022, adjusted net operating income was down 23% in the fourth quarter, due to the impact of strikes in France, planned maintenance at the Antwerp refinery, and less favorable market conditions in petrochemicals.

Adjusted net operating income for the Refining & Chemicals segment excludes any after-tax inventory valuation effect and special items. The exclusion of the inventory valuation effect had:

·	a<br> positive impact of $586 million in the fourth quarter 2022 on the segment’s adjusted<br> net operating income, compared to a negative impact of $74 million in the fourth quarter<br> 2021,
·	a<br> negative impact of $336 million for the full year 2022 on the segment’s adjusted net<br> operating income, compared to a negative impact of $1,296 million for the full year 2021.
---	---

The exclusion of special items had:

·	a<br> positive impact of $957 million in the fourth quarter 2022 on the segment’s adjusted<br> net operating income, compared to a positive impact of $23 million in the fourth quarter<br> 2021,
·	a<br> positive impact of $989 million for the full year 2022 on the segment’s adjusted net<br> operating income, compared to a positive impact of $191 million for the full year 2021.
---	---

The segment’s operating cash flow before working capital changes without financial charges (DACF)^4^ was:

·	$1,144<br> million in the fourth quarter 2022, up 32% compared to $865 million in the fourth quarter<br> 2021 due to higher margins,
·	$7,704<br> million for the full year 2022, 2.6 times higher compared to $2,946 million for the full<br> year 2021 due to higher refining margins and throughput.
---	---

Compared to the third quarter 2022, operating cash flow before working capital changes without financial charges (DACF)^4^ was down 47%, mainly due to the impact of $719 million for the European Solidarity Contribution for 2022 refining activities.

The segment’s cash flow from operations excluding financial charges, except those related to leases was:

·	$232<br> million for the fourth quarter 2022, down 91% compared to the fourth quarter 2021,
·	$8,663<br> million for the full year 2022, up 34% compared to the full year 2021.
---	---

^4^DACF= debt adjusted cash flow. Operating cash flow before working capital changes without financial charges of the segment is defined as cash flow from operating activities before changes in working capital at replacement cost, without financial charges except those related to leases. For information on the replacement cost method, refer to “B. Analysis of Business Segment Results”, above.

B.5.   Marketing & Servicessegment

1. Petroleum product sales

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Sales in kb/d*	2022	2021	2022 vs 2021
1,450	1,495	1,553	-7%	Total Marketing & Services sales	1,468	1,503	-2%
816	873	868	-6%	Europe	824	826	-
634	622	684	-7%	Rest<br> of world	644	677	-5%

***Excludes trading and bulk refining sales.

Sales of petroleum products were down 3% quarter-on-quarter and 7% year-on-year, due to lower demand related to high oil product prices and above-normal temperatures in Europe for heating oil.

Sales of petroleum products were down 2% for the full year 2022 compared to the full year 2021, as lower sales to professional and industrial customers, particularly in Europe, were partially offset by the recovery of aviation and network activities worldwide.

2. Results

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars	2022	2021	2022 vs 2021
24,637	25,968	21,854	+13%	External sales	100,661	80,288	+25%
266	473	543	-51%	Operating income	2,363	2,359	-
(62)	(14)	83	ns	Net income (loss) from equity affiliates and other items	(20)	108	ns
(113)	(153)	(164)	ns	Tax on net operating income	(787)	(738)	ns
91	306	462	-80%	Net operating income	1,556	1,729	-10%
243	172	17	x14.3	Adjustments affecting net operating income	(6)	(111)	ns
334	478	479	-30%	Adjusted net operating income*	1,550	1,618	-4%
438	229	587	-25%	Organic investments	1,035	1,074	-4%
(23)	(7)	(125)	ns	Net acquisitions	(121)	(151)	ns
415	222	462	-10%	Net investments	914	923	-1%

* Detail of adjustment items shown in the businesssegment information starting on page 32 of this exhibit.

Adjusted net operating income for the Marketing & Services segment was:

·	$334<br> million in the fourth quarter 2022, down 30% year-on-year,
·	$1,550<br> million for the full year 2022, down 4% year-on-year, mainly impacted by the evolution of<br> the €-$ exchange rate.
---	---

Adjusted net operating income for the Marketing & Services segment excludes any after-tax inventory valuation effect and special items. The exclusion of the inventory valuation effect had:

·	a<br> positive impact of $137 million in the fourth quarter 2022 on the segment’s adjusted<br> net operating income, compared to a negative impact of $47 million in the fourth quarter<br> 2021,
·	a<br> negative impact of $194 million for the full year 2022 on the segment’s adjusted net<br> operating income, compared to a negative impact of $236 million for the full year 2021.

The exclusion of special items had:

·	a<br> positive impact of $106 million in the fourth quarter 2022 on the segment’s adjusted<br> net operating income, compared to a positive impact of $64 million in the fourth quarter<br> 2021,
·	a<br> positive impact of $188 million for the full year 2022 on the segment’s adjusted net<br> operating income, compared to a positive impact of $125 million for the full year 2021.

The segment’s operating cash flow before working capital changes without financial charges (DACF)^5^ was:

·	$537<br> million in the fourth quarter 2022, down 23% compared to $694 million in the fourth quarter<br> 2021,
·	$2,365<br> million for the full year 2022, down 7% compared to $2,556 for the full year 2021.

The segment’s cash flow from operations excluding financial charges, except those related to leases was:

·	$707<br> million for the fourth quarter 2022, up 83% compared<br> to $386 million for the fourth quarter 2021,
·	$3,124<br> million for the full year 2022, up 34% compared to $2,333 million for the full year 2021.

^5^DACF= debt adjusted cash flow. Operating cash flow before working capital changes without financial charges of the segment is defined as cash flow from operating activities before changes in working capital at replacement cost, without financial charges except those related to leases. For information on the replacement cost method, refer to “B. Analysis of Business Segment Results”, above.

C.   TOTALENERGIES RESULTS

1. Net income (TotalEnergies share)

Net income (TotalEnergies share) was:

·	$3,264<br> million in the fourth quarter 2022, a decrease of 44% compared to $5,837 million in the fourth<br> quarter 2021.
·	$20,526<br> million for the full year 2022, an increase of 28% compared to $16,032 million for the full<br> year 2021.

Adjusted net income (TotalEnergies share) was:

·	$7,561<br> million in the fourth quarter 2022 compared to $6,825 million in the fourth quarter 2021,<br> due to higher oil and gas prices and refining margins.

Adjusted net income excludes the after-tax inventory effect, special items and the impact of changes in fair value^6^.

Total adjustments affecting net income^7^ were $(4,297) million in the fourth quarter 2022, consisting mainly of $(3.8) billion impairments and exceptional provisions, including $(4.1) billion related to Russia (deconsolidation of Novatek) and a $0.7 billion impairment reversal in Canada, $(0.7) billion stock effect, $(1.4) billion related to the impacts of the European Solidarity Contribution, of the Energy Profits Levy in the United Kingdom on deferred tax, and of the electricity generation infra-marginal income contribution in France and $2.0 billion of fair value change effects.

Total adjustments affecting net income^7^ were $(15,671) million for the full year 2022, consisting mainly of $(15.7) billion impairments and exceptional provisions, including $(14.8) billion in related to Russia and $(1.0) billion related to the withdrawal from the North Platte project in the United States, $(1.7) billion related to the impacts of the European Solidarity Contribution, of the Energy Profits Levy in the United Kingdom on deferred tax, and of the electricity generation infra-marginal income contribution in France, $1.4 billion capital gain on the partial sale of SunPower shares and the revaluation of the retained and consolidated share using the equity method and $1.1 billion of fair value change effects.

2. Fully-diluted shares and share buybacks

The number of fully-diluted shares was 2,502 million on December 31, 2022.

As part of its shareholder return policy, as announced in October 2022, TotalEnergies repurchased 34.7 million shares for cancellation in the fourth quarter of 2022 for $2 billion. For the full year 2022, 128.9 million shares were repurchased for cancellation, representing 4.92% of the share capital, for $7 billion.

3. Acquisitions - Asset sales

Acquisitions were:

·	$292<br> million in the fourth quarter 2022, notably for the acquisition of an additional 4.08% of<br> the Waha concessions in Libya,
·	$5,872<br> million for the full-year 2022 for the above item as well as payments related to the award<br> of the Atapu and Sépia production sharing contracts in Brazil, the acquisition of<br> an interest in Clearway Energy Group and the bonus related to the New York Bight offshore<br> wind concession in the United States.

Asset sales were:

·	$425<br> million in the fourth quarter 2022, notably related to farm-downs in the Integrated Power<br> business and the disposal of interests in Block 14 in Angola,
·	$1,421<br> million for the full-year 2022 related to the above items as well as SunPower's disposal<br> of its Enphase shares, the partial disposal of the Landivisiau power generation plant in<br> France, the sale of the interest in the Sarsang field in Iraq, and an additional payment<br> related to the 2020 sale of interests in the CA1 offshore block in Brunei.

4. Cash flow

TotalEnergies’ cash flow from operating activities was:

·	$5,618<br> million in the fourth quarter 2022, a decrease of 52% compared to $11,621 million in the<br> fourth quarter 2021, and
·	$47,367<br> million for the full year 2022, an increase of 56% compared to $30,410 million for the full<br> year 2021.

^6^See “Analysis of business segment results” on page 4 and “Adjustment Items To Net Income (TotalEnergies Share)” on page 20 for further details.

^7^Details shown on pages 20 of this exhibit and to the consolidated financial statements for the fourth quarter 2022.

The change in working capital as determined using the replacement cost method excluding the mark-to-market effect of iGRP’s contracts, including capital gain from renewable project sales (effective first quarter 2020) and including organic loan repayment from equity affiliates was an increase of $3,517 million in the fourth quarter 2022, compared to a decrease of $2,260 million in the fourth quarter 2021. In the fourth quarter 2022, the change in working capital was an increase of $3,791 million in accordance with IFRS. The difference of $274 million between IFRS and replacement cost method corresponds to the following adjustments: (i) the pre-tax inventory valuation effect of $895 million, (ii) less the mark-to-market effect of iGRP’s contracts of $1,544 million, (iii) plus the capital gains from renewables project sale of $40 million and (iv) plus the organic loan repayments from equity affiliates of $335 million.

The change in working capital as determined using the replacement cost method excluding the mark-to-market effect of iGRP’s contracts, including capital gain from renewable project sales (effective first quarter 2020) and including organic loan repayment from equity affiliates was a decrease of $1,638 million for the full year 2022, compared to a decrease of $1,270 million for the full year 2021. For the full year 2022, the change in working capital was a decrease of $1,191 million in accordance with IFRS. The difference of $447 million between IFRS and replacement cost method corresponds to the following adjustments: (i) the pre-tax inventory valuation effect of $501 million, (ii) plus the mark-to-market effect of iGRP’s contracts of $1,640 million, (iii) less the capital gains from renewables project sale of $64 million and (iv) less the organic loan repayments from equity affiliates of $1,630 million.

Operating cash flow before working capital changes^8^was $9,135 million in the fourth quarter 2022, down 2% compared to $9,361 million in the fourth quarter 2021 and $45,729 million for the full year 2022, up 57% compared to $29,140 million for the full year 2021.

Operating cash flow before working capital changes without financial charges (DACF)^9^ was $9,361 million in the fourth quarter 2022, down 4% compared to $9,759 million in the fourth quarter 2021 and $47,025 million for the full year 2022, up 53% compared to $30,660 million for the full year 2021.

The cash flow from operating activities was $5,618 million in the fourth quarter 2022, compared to operating cash flow before working capital changes of $9,135 million, reflecting the $3.1 billion increase in working capital, mainly due to (a) a reduction in tax liabilities linked to the pace of tax payments and the fall in oil and gas prices, notably in Norway and the United Kingdom, partially offset by the European Solidarity Contribution, (b) the increase in margin calls and the seasonality of the gas and electricity supply activity and (c) the price and volume effect on inventories.

TotalEnergies’ net cash flow^10^ was:

·	$5,333<br> million in the fourth quarter 2022 compared to $5,076 million a year earlier, reflecting<br> the $226 million decrease in operating cash flow before working capital changes and the $483<br> million decrease in net investments to $3,802 million in the fourth quarter 2022,
·	$29,426<br> million for the full year 2022 compared to $15,833 million a year earlier, reflecting the<br> $16.6 billion increase in operating cash flow before working capital changes and the $3.0<br> billion increase in net investments to $16,303 million this year.

D. PROFITABILITY

Return on equity was 32.5% for the full year 2022.

	01/01/2022-	10/01/2021-	01/01/2021-
in millions of dollars	12/31/2022	09/30/2022	12/31/2021
Adjusted net income	36,657	35,790	18,391
Average adjusted shareholders' equity	112,831	113,861	108,504
Return on equity (ROE)	32.5%	31.4%	16.9%

Return on average capital employed was 28.2% for the full year 2022.

	01/01/2022-	10/01/2021-	01/01/2021-
in millions of dollars	12/31/2022	09/30/2022	12/31/2021
Adjusted net operating income	38,212	37,239	19,766
Average capital employed	135,312	136,902	142,215
ROACE	28.2%	27.2%	13.9%

^8^Operating cash flow before working capital changes is defined as cash flow from operating activities before changes in working capital at replacement cost, excluding the mark-to-market effect of iGRP’s contracts and including capital gain from renewable projects sales. For information on the replacement cost method, refer to “B. Analysis of Business Segment Results”, above. The reconciliation table for different cash flow figures is set forth under “Cash Flow” on page 21 of this exhibit.

^9^DACF = debt adjusted cash flow, is defined as cash flow from operating activities before changes in working capital at replacement cost, without financial charges.

^10^ Net cash flow = operating cash flow before working capital changes - net investments (including other transactions with non-controlling interests).

E. Annual 2023 SENSITIVITIES*

	Change	Estimated impact<br><br> <br>on adjusted net<br><br> <br>operating income	Estimated impact<br><br> <br>on cash flow<br><br> <br>from operations
Dollar	+/-<br> 0.1 $ per €	-/+<br> 0.1 B$	~0<br> B$
Average<br> liquids price**	+/-<br> 10$/b	+/-<br> 2.5 B$	+/-<br> 3.0 B$
European<br> gas price – NBP / TTF	+/-<br> 2 $/Mbtu	+/-<br> 0.4 B$	+/-<br> 0.4 B$
Variable<br> cost margin, European refining (VCM)	+/-<br> 10 $/t	+/-<br> 0.4 B$	+/-<br> 0.5 B$

* Sensitivities are revised once per yearupon publication of the previous year’s fourth quarter results. Sensitivities are estimates based on assumptions about TotalEnergies’portfolio in 2023. Actual results could vary significantly from estimates based on the application of these sensitivities. The impactof the $-€ sensitivity on adjusted net operating income is essentially attributable to Refining & Chemicals. Please findthe indicators detailed on page 23.

** Ina 80 $/b Brent environment.

The revised 2023 sensitivities for adjusted net operating income and cash flow take into account, in particular, the Energy Profit Levy in the United Kingdom and the deconsolidation of the stake in PAO Novatek.

F. SUMMARY AND OUTLOOK

At the start of 2023, oil prices are moving between $80-90/b in an uncertain environment, where the possible worldwide economic slowdown could be counterbalanced by the recovery of China, global demand being expected to rise in 2023 to more than 100 Mb/d. In this context, OPEC+ countries have shown their willingness to keep prices above $80/b. Refining margins in Europe, particularly for distillates, are expected to remain supported by the effects of the European embargo on Russian petroleum products from February 5, 2023.

The tensions on European gas prices seen in 2022 are expected to continue into 2023, as the limited growth in global LNG production is supposed to meet both higher European LNG demand to replace Russian gas received in 2022 and higher Chinese LNG demand.

Since December 31, 2022, the production related to TotalEnergies' participation in Novatek, of 0.3 Mboe/d in 2022, is no longer consolidated. Excluding Novatek, TotalEnergies expects its hydrocarbon production to increase by approximately 2% to 2.5 Mboe/d in 2023, driven by three main start-ups planned for the year: Block 10 in Oman, Mero 2 in Brazil, and Absheron in Azerbaijan.

Continuing its growth momentum in LNG, TotalEnergies is strengthening its unique position in Europe in 2023 with the commissioning of two floating regasification terminals, the first of which, located in Lubmin, Germany, is already operational.

Having generated $1 billion in cash flow in 2022, the Integrated Power business will continue to grow in 2023 with power generation expected to reach more than 40 TWh, a 30% increase year-on-year, benefiting from the full integration of Total Eren, leading to a comparable rise in cash flow.

The implementation of an energy savings program will strengthen Downstream’s competitiveness, allowing it to benefit from a favorable European refining environment.

In 2023, TotalEnergies expects net investments of $16-18 billion, including $5 billion dedicated to low-carbon energies.

Supported by the strength of the Company's balance sheet and its cash generation potential, the Board of Directors confirmed a shareholder return policy for 2023 targeting a cash pay-out of between 35% and 40% as well as the following cash flow allocation priorities:

·	a<br> sustainable ordinary dividend through cycles, that was not cut during the Covid crisis, and<br> whose increase is supported by underlying cash flow growth,
·	investments<br> to support of a strategy balanced between the various energies,
---	---
·	maintaining<br> a strong balance sheet with a target rating at an "AA" level,
---	---
·	buybacks<br> to share surplus cash flow generated at high prices and possibly a special dividend in the<br> event of very high prices.
---	---

For 2023, this shareholder return policy will combine a 7.2% increase to 0.74 €/share in interim dividends and share buybacks of $2 billion planned for the first quarter.

TotalEnergies confirms its project to spin-off its affiliate, TotalEnergies EP Canada, by listing it on the Toronto stock exchange. TotalEnergies intends to retain a 30% stake in the listed entity, and to distribute 70% of the shares to TotalEnergies SE’s shareholders, through a special dividend in kind. This transaction would be subject to the approvals that will be taken by the General Assembly of TotalEnergies on May 26^th^, 2023.

FORWARD-LOOKING STATEMENTS

This document may contain forward-looking statementswithin the meaning of the Private Securities Litigation Reform Act of 1995, notably with respect to the financial condition, resultsof operations, business activities and industrial strategy of TotalEnergies. This document may also contain statements regarding theperspectives, 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 donot depend solely on TotalEnergies. These forward-looking statements may generally be identified by the use of the future or conditionaltense 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 assumptionsprepared in a given economic, competitive and regulatory environment and considered to be reasonable by TotalEnergies as of the dateof this document.

These forward-looking statements are not historicaldata and should not be interpreted as assurances that the perspectives, objectives or goals announced will be achieved. They may proveto be inaccurate in the future, and may evolve or be modified with a significant difference between the actual results and those initiallyestimated, due to the uncertainties notably related to the economic, financial, competitive and regulatory environment, or due to theoccurrence of risk factors, such as, notably, the price fluctuations in crude oil and natural gas, the evolution of the demand and priceof petroleum products, the changes in production results and reserves estimates, the ability to achieve cost reductions and operatingefficiencies without unduly disrupting business operations, changes in laws and regulations including those related to the environmentand climate, currency fluctuations, as well as economic and political developments, changes in market conditions, loss of market shareand changes in consumer preferences, or pandemics such as the COVID-19 pandemic. Additionally, certain financial information is basedon estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto.

Except for its ongoing obligations to disclosematerial information as required by applicable securities laws, TotalEnergies does not have any intention or obligation to update forward-lookingstatements after the distribution of this document, even if new information, future events or other circumstances have made them incorrector misleading.

For additional factors, you should read theinformation set forth under “Item 3. -3.1 Risk Factors”, “Item 4. Information on the Company”, “Item 5.Operating and Financial Review and Prospects” and “Item 11. Quantitative and Qualitative Disclosures about Market Risk”in TotalEnergies’ Form 20-F for the year ended December 31, 2021.

RESULTS FROM RUSSIAN ASSETS

Russian Upstream Assets (M$)	4Q22	3Q22	2022
Net income (TotalEnergies<br> share)	(3,466)	(1,907)	(11,578)
Cash flow from operations	732	349	1,480

Capital employed by TotalEnergies in Russia as of December 31, 2022 was $2,874 million after taking into account in the fourth quarter 2022 a $4.1 billion impairment related to the decision to no longer equity account for the 19.4% stake in Novatek.

OPERATING INFORMATION BY SEGMENT

Company’s production (Exploration &Production + iGRP)

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Combined liquids and gas<br><br> <br>production by region (kboe/d)	2022	2021	2022 vs 2021
994	920	1,063	-7%	Europe and Central Asia	982	1,022	-4%
477	463	508	-6%	Africa	474	532	-11%
703	692	682	+3%	Middle East and North Africa	687	667	+3%
442	449	363	+22%	Americas	425	372	+14%
196	145	235	-17%	Asia-Pacific	198	226	-12%
2,812	2,669	2,852	-1%	Total production	2,765	2,819	-2%
670	656	739	-9%	includes equity affiliates	682	732	-7%
4Q22	3Q22	4Q21	4Q22 vs 4Q21	Liquids production by region (kb/d)	2022	2021	2022 vs 2021
---	---	---	---	---	---	---	---
348	302	378	-8%	Europe and Central Asia	334	366	-9%
358	352	379	-5%	Africa	358	398	-10%
565	557	534	+6%	Middle East and North Africa	552	516	+7%
259	260	174	+48%	Americas	238	179	+33%
40	23	45	-10%	Asia-Pacific	37	40	-8%
1,570	1,494	1,509	+4%	Total production	1,519	1,500	+1%
199	202	205	-3%	includes equity affiliates	203	206	-2%
4Q22	3Q22	4Q21	4Q22 vs 4Q21	Gas production by region (Mcf/d)	2022	2021	2022 vs 2021
---	---	---	---	---	---	---	---
3,460	3,322	3,683	-6%	Europe and Central Asia	3,476	3,524	-1%
592	559	664	-11%	Africa	584	681	-14%
745	740	825	-10%	Middle East and North Africa	739	838	-12%
1,030	1,061	1,064	-3%	Americas	1,049	1,086	-3%
854	685	1,092	-22%	Asia-Pacific	911	1,074	-15%
6,681	6,367	7,328	-9%	Total production	6,759	7,203	-6%
2,535	2,444	2,889	-12%	includes equity affiliates	2,581	2,842	-9%

Downstream (Refining & Chemicals and Marketing &Services)

4Q22	3Q22	4Q21	4Q22 vs 4Q21	Petroleum product sales by region (kb/d)	2022	2021	2022 vs 2021
1,665	1,816	1,668	-	Europe	1,732	1,582	+10%
743	690	780	-5%	Africa	732	701	+4%
740	907	817	-9%	Americas	836	800	+5%
558	569	526	+6%	Rest of world	591	500	+18%
3,706	3,982	3,791	-2%	Total consolidated sales	3,891	3,581	+9%
388	438	437	-11%	Includes bulk sales	411	383	+7%
1,868	2,049	1,801	+4%	Includes trading	2,012	1,696	+19%
4Q22	3Q22	4Q21	4Q22 vs 4Q21	Petrochemicals production* (kt)	2022	2021	2022 vs 2021
---	---	---	---	---	---	---	---
835	1,078	1,249	-33%	Europe	4,196	5,069	-17%
477	670	689	-31%	Americas	2,387	2,629	-9%
700	722	753	-7%	Middle-East and<br> Asia	2,971	3,014	-1%

* Olefins, polymers

RENEWABLES

	4Q22					3Q22
		Onshore	Offshore				Onshore	Offshore
Installed power generation gross capacity (GW) ^(1),(2)^	Solar	Wind	Wind	Other	Total	Solar	Wind	Wind	Other	Total
France	0.8	0.6	0.0	0.1	1.5	0.7	0.6	0.0	0.1	1.4
Rest of Europe	0.2	1.1	0.3	0.0	1.6	0.2	1.1	0.2	0.0	1.4
Africa	0.1	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.1
Middle East	1.2	0.0	0.0	0.0	1.2	0.7	0.0	0.0	0.0	0.7
North America	2.9	2.1	0.0	0.1	5.1	2.9	2.1	0.0	0.0	5.0
South America	0.4	0.3	0.0	0.0	0.7	0.4	0.3	0.0	0.0	0.7
India	4.9	0.4	0.0	0.0	5.3	4.9	0.3	0.0	0.0	5.3
Asia-Pacific	1.2	0.0	0.1	0.0	1.4	1.2	0.0	0.1	0.0	1.3
Total	11.7	4.5	0.4	0.2	16.8	11.1	4.4	0.3	0.2	16.0
	4Q22					3Q22
---	---	---	---	---	---	---	---	---	---	---
		Onshore	Offshore				Onshore	Offshore
Power generation gross capacity from renewables  in construction (GW) ^(1),(2)^	Solar	Wind	Wind	Other	Total	Solar	Wind	Wind	Other	Total
France	0.2	0.1	0.0	0.1	0.4	0.2	0.1	0.0	0.1	0.5
Rest of Europe	0.1	0.0	0.9	0.0	1.0	0.1	0.0	1.0	0.0	1.1
Africa	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Middle East	0.0	0.0	0.0	0.0	0.0	0.4	0.0	0.0	0.0	0.4
North America	2.6	0.0	0.0	0.5	3.1	1.6	0.0	0.0	0.2	1.7
South America	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
India	0.8	0.2	0.0	0.0	1.0	0.8	0.2	0.0	0.0	1.0
Asia-Pacific	0.1	0.0	0.5	0.0	0.6	0.1	0.0	0.5	0.0	0.7
Total	3.8	0.3	1.4	0.6	6.1	3.3	0.3	1.5	0.2	5.4
	4Q22					3Q22
---	---	---	---	---	---	---	---	---	---	---
		Onshore	Offshore				Onshore	Offshore
Power generation gross capacity from renewables in development (GW) ^(1),(2)^	Solar	Wind	Wind	Other	Total	Solar	Wind	Wind	Other	Total
France	1.6	0.4	0.0	0.0	2.0	2.1	0.4	0.0	0.0	2.5
Rest of Europe	3.8	0.4	4.4	0.1	8.6	4.8	0.3	4.4	0.1	9.6
Africa	0.6	0.1	0.0	0.1	0.9	0.6	0.1	0.0	0.1	0.9
Middle East	0.6	0.0	0.0	0.0	0.6	0.5	0.0	0.0	0.0	0.5
North America	10.8	3.4	4.1	4.1	22.4	11.8	3.4	4.0	4.5	23.7
South America	0.8	1.1	0.0	0.2	2.0	0.7	0.5	0.0	0.2	1.4
India	4.4	0.1	0.0	0.0	4.5	3.9	0.1	0.0	0.0	4.0
Asia-Pacific	2.2	0.1	2.3	0.4	5.0	2.0	0.3	1.2	0.3	3.7
Total	24.8	5.5	10.8	4.9	46.0	26.5	5.1	9.6	5.3	46.4

^1^Includes 20% of gross capacity of Adani Green Energy Limited and 50% of Clearway Energy Group.

^2^End-of-perioddata.

ADJUSTMENT ITEMS TO NET INCOME (TOTALENERGIES SHARE)

4Q22	3Q22	4Q21	in millions of dollars	2022	2021
(5,585)	(2,186)	(1,074)	Special items<br> affecting net income (TotalEnergies share)	(17,310)	(3,329)
-	1,391	(170)	Gain (loss) on asset<br> sales	1,391	(1,726)
(14)	(17)	6	Restructuring charges	(42)	(308)
(3,845)	(3,118)	(670)	Impairments	(15,743)	(910)
(1,726)	(442)	(240)	Other	(2,916)	(385)
(705)	(827)	111	After-tax inventory<br> effect: FIFO vs. replacement cost	501	(1,495)
1,993	(224)	(25)	Effect of changes<br> in fair value	1,138	(194)
(4,297)	(3,237)	(988)	Total adjustments<br> affecting net income	(15,671)	(2,028)

RECONCILIATION OF NET INCOME (TOTALENERGIES SHARE)TO ADJUSTED EBITDA

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars	2022	2021	2022 vs 2021
3,264	6,626	5,837	-44%	Net income - TotalEnergies share	20,526	16,032	+28%
4,297	3,237	988	x4.3	Less: adjustment<br> items to net income (TotalEnergies share)	15,671	2,028	x7.7
7,561	9,863	6,825	+11%	Adjusted net income - TotalEnergies share	36,197	18,060	x2
				Adjusted items
210	85	79	x2.7	Add: non-controlling interests	460	331	+39%
4,530	6,037	3,606	+26%	Add: income taxes	20,565	9,211	x2.2
3,204	2,926	3,278	-2%	Add: depreciation, depletion<br> and impairment of tangible assets and mineral interests	12,316	12,735	-3%
111	95	119	-7%	Add: amortization and impairment<br> of intangible assets	400	401	-
719	633	483	+49%	Add: financial interest on<br> debt	2,386	1,904	+25%
(338)	(219)	(105)	ns	Less:<br> financial income and expense from cash & cash equivalents	(746)	(340)	ns
15,997	19,420	14,285	+12%	Adjusted EBITDA	71,578	42,302	+69%

INVESTMENTS – DIVESTMENTS

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars	2022	2021	2022 vs 2021
3,935	3,116	4,681	-16%	Organic investments (a)	11,852	12,675	-6%
287	169	182	+58%	Capitalized exploration	669	841	-21%
210	233	348	-40%	Increase in non-current loans	954	1,231	-23%
(259)	(214)	(234)	ns	Repayment of non-current loans,<br> excluding organic loan repayment from equity affiliates	(1,082)	(531)	ns
(124)	4	(52)	ns	Change in debt from renewable<br> projects (TotalEnergies share)	(310)	(222)	ns
292	1,716	288	+1%	Acquisitions (b)	5,872	3,284	+79%
425	129	684	-38%	Asset sales (c)	1,421	2,652	-46%
109	(4)	34	x3.2	Change in debt from renewable<br> projects (partner share)	279	134	x2.1
(133)	1,587	(396)	ns	Net acquisitions	4,451	632	x7
3,802	4,703	4,285	-11%	Net investments (a + b - c)	16,303	13,307	+23%
50	-	-	ns	Other transactions with non-controlling interests (d)	50	757	-93%
(335)	(570)	(398)	ns	Organic loan repayment from equity affiliates (e)	(1,630)	(626)	ns
233	(8)	86	x2.7	Change in debt from renewable projects financing* (f)	589	356	+65%
61	43	34	+79%	Capex linked to capitalized leasing contracts (g)	177	111	+59%
8	7	27	-70%	Expenditures related to carbon credits ( h )	19	27	-30%
3,681	4,075	3,912	-6%	Cash flow used in investing activities (a + b - c + d + e + f - g - h)	15,116	13,656	+11%

* Change in debt from renewable projects (TotalEnergiesshare and partner share).

CASH FLOW

4Q22	3Q22	4Q21	4Q22 vs 4Q21	in millions of dollars	2022	2021	2022 vs 2021
9,361	12,040	9,759	-4%	Operating cash flow before working capital changes w/o financial charges (DACF)	47,025	30,660	+53%
(226)	(304)	(398)	ns	Financial charges	(1,296)	(1,520)	ns
9,135	11,736	9,361	-2%	Operating cash flow before working capital changes (a)*	45,729	29,140	+57%
(2,247)	7,692	2,591	ns	(Increase) decrease in working<br> capital**	2,831	188	x15.1
(895)	(1,010)	85	ns	Inventory effect	501	1,796	-72%
(40)	0	(19)	ns	Capital gain from renewable<br> projects sales	(64)	(89)	ns
(335)	(570)	(398)	ns	Organic loan repayment from<br> equity affiliates	(1,630)	(626)	ns
5,618	17,848	11,621	-52%	Cash flow from operations	47,367	30,410	+56%
3,935	3,116	4,681	-16%	Organic investments (b)	11,852	12,675	-6%
5,200	8,620	4,680	+11%	Free cash flow after organic investments, w/o net asset sales (a - b)	33,877	16,465	x2.1
3,802	4,703	4,285	-11%	Net investments (c)	16,303	13,307	+23%
5,333	7,033	5,076	+5%	Net cash flow (a - c)	29,426	15,833	+86%

* Operating cash flow before working capital changes, is definedas cash flow from operating activities before changes in working capital at replacement cost, excluding the mark-to-market effect ofiGRP’s contracts and including capital gain from renewable projects sale. Historical data have been restated to cancel the impactof fair valuation of iGRP sector’s contracts.

** Changes in working capital are presented excluding the mark-to-marketeffect of iGRP’s contracts.

GEARING RATIO

In millions of dollars	12/31/2022	09/30/2022	12/31/2021
Current borrowings^1^	14,065	15,556	13,645
Other current financial liabilities	488	861	372
Current financial assets^1,2^	(8,556)	(11,532)	(12,183)
Net financial assets classified as held for sale	(38)	(36)	(4)
Non-current financial debt^1^	36,987	37,506	41,868
Non-current financial assets^1^	(1,303)	(1,406)	(1,557)
Cash and cash<br> equivalents	(33,026)	(35,941)	(21,342)
Net debt (a)	8,617	5,008	20,799
Shareholders’ equity – TotalEnergies share	111,724	117,821	111,736
Non-controlling interests	2,846	2,851	3,263
Shareholders’ equity (b)	114,570	120,672	114,999
Net-debt-to-capital ratio = a / (a+b)	7.0%	4.0%	15.3%
Leases (c)	8,096	7,669	8,055
Net-debt-to-capital ratio including leases (a+c) / (a+b+c)	12.7%	9.5%	20.1%

^1^Excludes leases receivables and leases debts.

^2^Including initial margins held as part of the Company's activities on organized markets.

RETURN ON AVERAGE CAPITAL EMPLOYED

Full year 2022

	Integrated Gas,
	Renewables &	Exploration &	Refining &	Marketing
in millions of dollars	Power	Production	Chemicals	& Services
Adjusted net operating income	12,144	17,479	7,302	1,550
Capital employed at 12/31/2021*	55,978	71,675	8,069	8,783
Capital employed<br> at 12/31/2022*	49,896	65,784	7,438	7,593
ROACE	22.9%	25.4%	94.2%	18,9%

Twelve months ended September 30,2022

	Integrated Gas,
	Renewables &	Exploration &	Refining &	Marketing
in millions of dollars	Power	Production	Chemicals	& Services
Adjusted net operating income	12,014	17,476	6,368	1,695
Capital employed at 9/30/2021*	52,401	75,499	9,156	8,281
Capital employed<br> at 9/30/2022*	54,923	65,041	5,801	7,141
ROACE	22.4%	24.9%	85.2%	22.2%

Full year 2021

	Integrated Gas,
	Renewables &	Exploration &	Refining &	Marketing
in millions of dollars	Power	Production	Chemicals	& Services
Adjusted net operating income	6,243	10,439	1,909	1,618
Capital employed at 12/31/2020*	45,611	78,928	11,375	8,793
Capital employed<br> at 12/31/2021*	55,978	71,675	8,069	8,783
ROACE	12.3%	13.9%	19.6%	18.4%

*At replacement cost (excluding after-tax inventory effect).

MAIN INDICATORS

	4Q22	3Q22	2Q22	1Q21	4Q21
/	1.02	1.01	1.06	1.12	1.14
Brent	88.8	100.8	113.9	102.2	79.8
Average liquids price* (1)	80.6	93.6	102.9	90.1	72.6
Average gas price* (1)	12.74	16.83	11.01	12.27	11.38
Average LNG price** (1)	14.83	21.51	13.96	13.60	13.12
Variable Cost Margin, European refining***	73.6	99.2	145.7	46.3	16.7

All values are in US Dollars.

* Sales in $ / sales in volume for consolidatedaffiliates.

** Sales in $ / sales in volume for consolidatedand equity affiliates.

*** This indicator represents the averagemargin on variable costs realized by TotalEnergies’ European refining business (equal to the difference between the sales of refinedproducts realized by TotalEnergies’ European refining and the crude purchases as well as associated variable costs, divided byrefinery throughput in tons).

^(1)^ Does not take include oil, gasand LNG trading activities, respectively.

Disclaimer: Data is based on TotalEnergies’ reporting and is not audited.

CONSOLIDATED STATEMENT OF INCOME

TotalEnergies

(unaudited)

	4th quarter	3rd quarter	4th quarter
(M$)<br> ^(a)^	2022	2022	2021
Sales	68,582	69,037	60,348
Excise taxes	(4,629)	(4,075)	(5,050)
Revenues from sales	63,953	64,962	55,298
Purchases, net of inventory<br> variation	(41,555)	(42,802)	(36,161)
Other operating expenses	(7,354)	(6,771)	(6,680)
Exploration costs	(250)	(71)	(323)
Depreciation, depletion and<br> impairment of tangible assets and mineral interests	(2,505)	(2,935)	(3,919)
Other income	584	1,693	536
Other expense	(2,828)	(921)	(755)
Financial interest on debt	(719)	(633)	(483)
Financial income and expense<br> from cash & cash equivalents	357	327	120
Cost of net debt	(362)	(306)	(363)
Other financial income	266	196	195
Other financial expense	(150)	(112)	(138)
Net income (loss) from equity<br> affiliates	(281)	(108)	1,860
Income<br> taxes	(6,077)	(6,077)	(3,647)
Consolidated net income	3,441	6,748	5,903
TotalEnergies share	3,264	6,626	5,837
Non-controlling<br> interests	177	122	66
Earnings<br> per share ($)	1.27	2.58	2.19
Fully-diluted<br> earnings per share ($)	1.26	2.56	2.17

^(a)^Exceptfor per share amounts.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TotalEnergies

(unaudited)

(M$)	4th quarter	3rd quarter	4th quarter
	2022	2022	2021
Consolidated net income	3,441	6,748	5,903
Other comprehensive income
Actuarial gains and losses	387	(17)	589
Change in fair value of investments<br> in equity instruments	(2)	131	93
Tax effect	(56)	2	(262)
Currency<br> translation adjustment generated by the parent company	6,800	(4,639)	(1,900)
Items not potentially reclassifiable to profit and loss	7,129	(4,523)	(1,480)
Currency translation adjustment	(3,672)	1,871	1,179
Cash flow hedge	(9,669)	1,258	(226)
Variation of foreign currency<br> basis spread	(14)	9	4
Share of other comprehensive<br> income of equity affiliates, net amount	842	191	71
Other	3	(18)	(2)
Tax<br> effect	2,932	(424)	22
Items potentially reclassifiable to profit and loss	(9,578)	2,887	1,048
Total other comprehensive income (net amount)	(2,449)	(1,636)	(432)
Comprehensive income	992	5,112	5,471
TotalEnergies share	792	4,969	5,390
Non-controlling interests	200	143	81

CONSOLIDATED STATEMENT OF INCOME

TotalEnergies

	Year	Year
	2022	2021
(M$)<br> ^(a)^	(unaudited)
Sales	280,999	205,863
Excise taxes	(17,689)	(21,229)
Revenues from sales	263,310	184,634
Purchases, net of inventory<br> variation	(169,448)	(118,622)
Other operating expenses	(29,789)	(26,894)
Exploration costs	(1,299)	(740)
Depreciation, depletion and<br> impairment of tangible assets and mineral interests	(12,221)	(13,556)
Other income	2,849	1,312
Other expense	(7,344)	(2,317)
Financial interest on debt	(2,386)	(1,904)
Financial income and expense<br> from cash & cash equivalents	1,143	379
Cost of net debt	(1,243)	(1,525)
Other financial income	896	762
Other financial expense	(533)	(539)
Net income (loss) from equity<br> affiliates	(1,892)	3,438
Income<br> taxes	(22,242)	(9,587)
Consolidated net income	21,044	16,366
TotalEnergies share	20,526	16,032
Non-controlling<br> interests	518	334
Earnings<br> per share ($)	7.91	5.95
Fully-diluted<br> earnings per share ($)	7.85	5.92

^(a)^  Except for pershare amounts.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TotalEnergies

	Year	Year
	2022	2021
(M$)	(unaudited)
Consolidated net income	21,044	16,366
Other comprehensive income
Actuarial gains and losses	574	1,035
Change in fair value of investments<br> in equity instruments	112	66
Tax effect	(96)	(411)
Currency<br> translation adjustment generated by the parent company	(4,976)	(7,202)
Items not potentially reclassifiable to profit and loss	(4,386)	(6,512)
Currency translation adjustment	1,734	4,216
Cash flow hedge	(5,452)	278
Variation of foreign currency<br> basis spread	65	2
Share of other comprehensive<br> income of equity affiliates, net amount	3,497	706
Other	(16)	(1)
Tax<br> effect	1,449	(135)
Items potentially reclassifiable to profit and loss	1,277	5,066
Total other comprehensive income (net amount)	(3,109)	(1,446)
Comprehensive income	17,935	14,920
TotalEnergies share	17,419	14,616
Non-controlling interests	516	304

CONSOLIDATED BALANCE SHEET

TotalEnergies

	December 31,	September 30,	December 31,
	2022	2022	2021
(M$)	(unaudited)	(unaudited)
ASSETS
Non-current assets
Intangible assets, net	31,931	36,376	32,484
Property, plant and equipment,<br> net	107,101	99,700	106,559
Equity affiliates : investments<br> and loans	27,889	28,743	31,053
Other investments	1,051	1,149	1,625
Non-current financial assets	2,731	2,341	2,404
Deferred income taxes	5,049	4,434	5,400
Other non-current assets	2,388	2,930	2,797
Total non-current assets	178,140	175,673	182,322
Current assets
Inventories, net	22,936	24,420	19,952
Accounts receivable, net	24,378	28,191	21,983
Other current assets	36,070	73,453	35,144
Current financial assets	8,746	11,688	12,315
Cash and cash equivalents	33,026	35,941	21,342
Assets<br> classified as held for sale	568	349	400
Total current assets	125,724	174,042	111,136
Total assets	303,864	349,715	293,458
LIABILITIES & SHAREHOLDERS' EQUITY
Shareholders' equity
Common shares	8,163	8,163	8,224
Paid-in surplus and retained<br> earnings	123,951	131,382	117,849
Currency translation adjustment	(12,836)	(16,720)	(12,671)
Treasury<br> shares	(7,554)	(5,004)	(1,666)
Total shareholders' equity - TotalEnergies share	111,724	117,821	111,736
Non-controlling interests	2,846	2,851	3,263
Total shareholders' equity	114,570	120,672	114,999
Non-current liabilities
Deferred income taxes	11,021	12,576	10,904
Employee benefits	1,829	2,207	2,672
Provisions and other non-current<br> liabilities	21,402	22,133	20,269
Non-current<br> financial debt	45,264	44,899	49,512
Total non-current liabilities	79,516	81,815	83,357
Current liabilities
Accounts payable	41,346	48,942	36,837
Other creditors and accrued<br> liabilities	52,275	80,468	42,800
Current borrowings	15,502	16,923	15,035
Other current financial liabilities	488	861	372
Liabilities<br> directly associated with the assets classified as held for sale	167	34	58
Total current liabilities	109,778	147,228	95,102
Total liabilities & shareholders' equity	303,864	349,715	293,458

CONSOLIDATED STATEMENT OF CASH FLOW

TotalEnergies

(unaudited)

	4th quarter	3rd quarter	4th quarter
(M$)	2022	2022	2021
CASH FLOW FROM OPERATING ACTIVITIES
Consolidated net income	3,441	6,748	5,903
Depreciation, depletion, amortization<br> and impairment	2,749	3,032	4,222
Non-current liabilities, valuation<br> allowances and deferred taxes	(75)	704	152
(Gains) losses on disposals<br> of assets	2,192	(1,645)	(184)
Undistributed affiliates' equity<br> earnings	1,506	1,290	(843)
(Increase) decrease in working<br> capital	(3,791)	7,407	2,232
Other<br> changes, net	(404)	312	139
Cash flow from operating activities	5,618	17,848	11,621
CASH FLOW USED IN INVESTING ACTIVITIES
Intangible assets and property,<br> plant and equipment additions	(4,097)	(2,986)	(4,540)
Acquisitions of subsidiaries,<br> net of cash acquired	(4)	(8)	(128)
Investments in equity affiliates<br> and other securities	(260)	(2,557)	(178)
Increase<br> in non-current loans	(211)	(246)	(348)
Total expenditures	(4,572)	(5,797)	(5,194)
Proceeds from disposals of<br> intangible assets and property, plant and equipment	113	97	349
Proceeds from disposals of<br> subsidiaries, net of cash sold	160	524	36
Proceeds from disposals of<br> non-current investments	23	304	266
Repayment<br> of non-current loans	595	797	631
Total divestments	891	1,722	1,282
Cash flow used in investing activities	(3,681)	(4,075)	(3,912)
CASH FLOW USED IN FINANCING ACTIVITIES
Issuance (repayment) of shares:
- Parent company shareholders	-	(1)	-
- Treasury shares	(2,551)	(1,996)	(1,658)
Dividends paid:
- Parent company shareholders	(4,356)	(1,877)	(1,991)
- Non-controlling interests	(12)	(405)	(20)
Net issuance (repayment) of<br> perpetual subordinated notes	-	-	-
Payments on perpetual subordinated<br> notes	(51)	(14)	(57)
Other transactions with non-controlling<br> interests	(82)	38	(14)
Net issuance (repayment) of<br> non-current debt	425	141	347
Increase (decrease) in current<br> borrowings	(3,500)	(527)	(3,368)
Increase (decrease) in current<br> financial assets and liabilities	3,554	(4,473)	(8,373)
Cash flow from (used in) financing activities	(6,573)	(9,114)	(15,134)
Net increase (decrease) in cash and cash equivalents	(4,636)	4,659	(7,425)
Effect of exchange rates	1,721	(1,566)	(204)
Cash<br> and cash equivalents at the beginning of the period	35,941	32,848	28,971
Cash and cash equivalents at the end of the period	33,026	35,941	21,342

CONSOLIDATED STATEMENT OF CASH FLOW

TotalEnergies

	Year	Year
	2022	2021
(M$)	(unaudited)
CASH FLOW FROM OPERATING ACTIVITIES
Consolidated net income	21,044	16,366
Depreciation, depletion, amortization<br> and impairment	13,680	14,343
Non-current liabilities, valuation<br> allowances and deferred taxes	4,594	962
(Gains) losses on disposals<br> of assets	369	(454)
Undistributed affiliates' equity<br> earnings	6,057	(667)
(Increase) decrease in working<br> capital	1,191	(616)
Other<br> changes, net	432	476
Cash flow from operating activities	47,367	30,410
CASH FLOW USED IN INVESTING ACTIVITIES
Intangible assets and property,<br> plant and equipment additions	(15,690)	(12,343)
Acquisitions of subsidiaries,<br> net of cash acquired	(94)	(321)
Investments in equity affiliates<br> and other securities	(3,042)	(2,678)
Increase<br> in non-current loans	(976)	(1,247)
Total expenditures	(19,802)	(16,589)
Proceeds from disposals of<br> intangible assets and property, plant and equipment	540	770
Proceeds from disposals of<br> subsidiaries, net of cash sold	835	269
Proceeds from disposals of<br> non-current investments	577	722
Repayment<br> of non-current loans	2,734	1,172
Total divestments	4,686	2,933
Cash flow used in investing activities	(15,116)	(13,656)
CASH FLOW USED IN FINANCING ACTIVITIES
Issuance (repayment) of shares:
- Parent company shareholders	370	381
- Treasury shares	(7,711)	(1,823)
Dividends paid:
- Parent company shareholders	(9,986)	(8,228)
- Non-controlling interests	(536)	(124)
Net issuance (repayment) of<br> perpetual subordinated notes	-	3,248
Payments on perpetual subordinated<br> notes	(339)	(313)
Other transactions with non-controlling<br> interests	(49)	652
Net issuance (repayment) of<br> non-current debt	1,108	(359)
Increase (decrease) in current<br> borrowings	(6,073)	(10,856)
Increase (decrease) in current<br> financial assets and liabilities	3,944	(8,075)
Cash flow from (used in) financing activities	(19,272)	(25,497)
Net increase (decrease) in cash and cash equivalents	12,979	(8,743)
Effect of exchange rates	(1,295)	(1,183)
Cash<br> and cash equivalents at the beginning of the period	21,342	31,268
Cash and cash equivalents at the end of the period	33,026	21,342

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS'EQUITY

TotalEnergies

(Unaudited: Year 2022 )

	Common shares issued		Paid-in	Currency	Treasury shares		Shareholders'	Non-	Total
			surplus and	translation			equity -	controlling	shareholders'
(M$)	Number	Amount	retained	adjustment	Number	Amount	TotalEnergies	interests	equity
			earnings				share
As of January 1, 2021	2,653,124,025	8,267	107,078	(10,256)	(24,392,703)	(1,387)	103,702	2,383	106,085
Net<br> income 2021	-	-	16,032	-	-	-	16,032	334	16,366
Other<br> comprehensive Income	-	-	991	(2,407)	-	-	(1,416)	(30)	(1,446)
Comprehensive Income	-	-	17,023	(2,407)	-	-	14,616	304	14,920
Dividend	-	-	(8,200)	-	-	-	(8,200)	(124)	(8,324)
Issuance<br> of common shares	10,589,713	31	350	-	-	-	381	-	381
Purchase<br> of treasury shares	-	-	-	-	(37,306,005)	(1,823)	(1,823)	-	(1,823)
Sale<br> of treasury shares ^(1)^	-	-	(216)	-	4,573,195	216	-	-	-
Share-based<br> payments	-	-	143	-	-	-	143	-	143
Share<br> cancellation	(23,284,409)	(74)	(1,254)	-	23,284,409	1,328	-	-	-
Net<br> issuance (repayment) of perpetual subordinated notes	-	-	3,254	-	-	-	3,254	-	3,254
Payments<br> on perpetual subordinated notes	-	-	(368)	-	-	-	(368)	-	(368)
Other<br> operations with non-controlling interests	-	-	30	(6)	-	-	24	689	713
Other<br> items	-	-	9	(2)	-	-	7	11	18
As of December 31, 2021	2,640,429,329	8,224	117,849	(12,671)	(33,841,104)	(1,666)	111,736	3,263	114,999
Net<br> income 2022	-	-	20,526	-	-	-	20,526	518	21,044
Other<br> comprehensive Income	-	-	(2,933)	(174)	-	-	(3,107)	(2)	(3,109)
Comprehensive Income	-	-	17,593	(174)	-	-	17,419	516	17,935
Dividend	-	-	(9,989)	-	-	-	(9,989)	(536)	(10,525)
Issuance<br> of common shares	9,367,482	26	344	-	-	-	370	-	370
Purchase<br> of treasury shares	-	-	-	-	(140,207,743)	(7,711)	(7,711)	-	(7,711)
Sale<br> of treasury shares ^(1)^	-	-	(318)	-	6,195,654	318	-	-	-
Share-based<br> payments	-	-	229	-	-	-	229	-	229
Share<br> cancellation	(30,665,526)	(87)	(1,418)	-	30,665,526	1,505	-	-	-
Net<br> issuance (repayment) of perpetual subordinated notes	-	-	(44)	-	-	-	(44)	-	(44)
Payments<br> on perpetual subordinated notes	-	-	(331)	-	-	-	(331)	-	(331)
Other<br> operations with non-controlling interests	-	-	45	9	-	-	54	37	91
Other<br> items	-	-	(9)	-	-	-	(9)	(434)	(443)
As of December 31, 2022	2,619,131,285	8,163	123,951	(12,836)	(137,187,667)	(7,554)	111,724	2,846	114,570

*^(1)^*Treasury shares related to the performance share grants.

INFORMATION BY BUSINESS SEGMENT

TotalEnergies

(unaudited)

4th quarter 2022 (M$)	Integrated Gas,	Exploration	Refining	Marketing
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services
External<br> sales	14,683	2,600	26,650	24,637	12	-	68,582
Intersegment<br> sales	1,887	12,866	11,730	274	63	(26,820)	-
Excise<br> taxes	-	-	(199)	(4,430)	-	-	(4,629)
Revenues from sales	16,570	15,466	38,181	20,481	75	(26,820)	63,953
Operating<br> expenses	(12,494)	(6,173)	(37,107)	(19,939)	(266)	26,820	(49,159)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(459)	(1,343)	(393)	(276)	(34)	-	(2,505)
Operating income	3,617	7,950	681	266	(225)	-	12,289
Net<br> income (loss) from equity affiliates and other items	1,253	(3,874)	161	(62)	113	-	(2,409)
Tax<br> on net operating income	(381)	(4,635)	(898)	(113)	22	-	(6,005)
Net operating income	4,489	(559)	(56)	91	(90)	-	3,875
Net<br> cost of net debt							(434)
Non-controlling<br> interests							(177)
Net income - TotalEnergies share							3,264
4th quarter 2022 (adjustments) ^(a)^ (M$)	Integrated Gas,	Exploration	Refining	Marketing
---	---	---	---	---	---	---	---
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services
External sales	69	-	-	-	-	-	69
Intersegment<br> sales	-	-	-	-	-	-	-
Excise<br> taxes	-	-	-	-	-	-	-
Revenues from sales	69	-	-	-	-	-	69
Operating expenses	2,101	(108)	(821)	(211)	(88)	-	873
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(108)	844	-	(37)	-	-	699
Operating income ^(b)^	2,062	736	(821)	(248)	(88)	-	1,641
Net income<br> (loss) from equity affiliates and other items	(308)	(4,025)	(101)	(9)	-	-	(4,443)
Tax<br> on net operating income	(154)	(798)	(621)	14	23	-	(1,536)
Net operating income ^(b)^	1,600	(4,087)	(1,543)	(243)	(65)	-	(4,338)
Net cost of<br> net debt							8
Non-controlling<br> interests							33
Net income - TotalEnergies share							(4,297)
^(a)^	Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
---	---
^(b)^	Of which inventory valuation effect
---	---
On operating income	-	-	(712)	(184)	-
---	---	---	---	---	---
On net operating income	-	-	(586)	(137)	-
4th quarter 2022 (adjusted) (M$)	Integrated Gas,	Exploration	Refining	Marketing	****	****	****
---	---	---	---	---	---	---	---
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services	****	****	****
External<br> sales	14,614	2,600	26,650	24,637	12	-	68,513
Intersegment<br> sales	1,887	12,866	11,730	274	63	(26,820)	-
Excise<br> taxes	-	-	(199)	(4,430)	-	-	(4,629)
Revenues from sales	16,501	15,466	38,181	20,481	75	(26,820)	63,884
Operating<br> expenses	(14,595)	(6,065)	(36,286)	(19,728)	(178)	26,820	(50,032)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(351)	(2,187)	(393)	(239)	(34)	-	(3,204)
Adjusted operating income	1,555	7,214	1,502	514	(137)	-	10,648
Net<br> income (loss) from equity affiliates and other items	1,561	151	262	(53)	113	-	2,034
Tax<br> on net operating income	(227)	(3,837)	(277)	(127)	(1)	-	(4,469)
Adjusted net operating income	2,889	3,528	1,487	334	(25)	-	8,213
Net<br> cost of net debt							(442)
Non-controlling<br> interests							(210)
Adjusted net income - TotalEnergies share							7,561
4th quarter 2022 (M$)	Integrated Gas,	Exploration	Refining	Marketing
---	---	---	---	---	---	---	---
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services
Total<br> expenditures	950	2,478	588	507	49	-	4,572
Total<br> divestments	505	215	125	42	4	-	891
Cash<br> flow from operating activities	995	4,035	232	707	(351)	-	5,618

INFORMATION BY BUSINESS SEGMENT

TotalEnergies

(unaudited)

3rd quarter 2022<br><br> <br>(M$)	Integrated Gas,	Exploration	Refining	Marketing
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services
External<br> sales	11,495	2,670	28,899	25,968	5	-	69,037
Intersegment<br> sales	1,753	14,701	12,065	176	52	(28,747)	-
Excise<br> taxes	-	-	(160)	(3,915)	-	-	(4,075)
Revenues from sales	13,248	17,371	40,804	22,229	57	(28,747)	64,962
Operating<br> expenses	(10,648)	(6,880)	(39,137)	(21,513)	(213)	28,747	(49,644)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(295)	(1,999)	(371)	(243)	(27)	-	(2,935)
Operating income	2,305	8,492	1,296	473	(183)	-	12,383
Net<br> income (loss) from equity affiliates and other items	3,190	(2,643)	219	(14)	(4)	-	748
Tax<br> on net operating income	(777)	(5,071)	(255)	(153)	162	-	(6,094)
Net operating income	4,718	778	1,260	306	(25)	-	7,037
Net<br> cost of net debt							(289)
Non-controlling<br> interests							(122)
Net income - TotalEnergies share							6,626
3rd quarter 2022 (adjustments) ^(a)^<br><br> <br>(M$)	Integrated Gas,	Exploration	Refining	Marketing
---	---	---	---	---	---	---	---
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services
External<br> sales	38	-	-	-	-	-	38
Intersegment<br> sales	-	-	-	-	-	-	-
Excise<br> taxes	-	-	-	-	-	-	-
Revenues from sales	38	-	-	-	-	-	38
Operating<br> expenses	(291)	(4)	(771)	(230)	(79)	-	(1,375)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	-	(7)	-	(2)	-	-	(9)
Operating income ^(b)^	(253)	(11)	(771)	(232)	(79)	-	(1,346)
Net<br> income (loss) from equity affiliates and other items	1,315	(3,130)	(100)	(7)	-	-	(1,922)
Tax<br> on net operating income	7	(298)	196	67	20	-	(8)
Net operating income ^(b)^	1,069	(3,439)	(675)	(172)	(59)	-	(3,276)
Net<br> cost of net debt							76
Non-controlling<br> interests							(37)
Net income - TotalEnergies share							(3,237)
^(a)^	Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
---	---
^(b)^	Of which inventory valuation effect
---	---
On operating income	-	-	(771)	(239)	-
---	---	---	---	---	---
On net operating income	-	-	(675)	(172)	-
3rd quarter 2022 (adjusted) (M$)	Integrated Gas,	Exploration	Refining	Marketing
---	---	---	---	---	---	---	---
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services
External sales	11,457	2,670	28,899	25,968	5	-	68,999
Intersegment sales	1,753	14,701	12,065	176	52	(28,747)	-
Excise<br> taxes	-	-	(160)	(3,915)	-	-	(4,075)
Revenues from sales	13,210	17,371	40,804	22,229	57	(28,747)	64,924
Operating expenses	(10,357)	(6,876)	(38,366)	(21,283)	(134)	28,747	(48,269)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(295)	(1,992)	(371)	(241)	(27)	-	(2,926)
Adjusted operating income	2,558	8,503	2,067	705	(104)	-	13,729
Net income (loss) from equity<br> affiliates and other items	1,875	487	319	(7)	(4)	-	2,670
Tax<br> on net operating income	(784)	(4,773)	(451)	(220)	142	-	(6,086)
Adjusted net operating income	3,649	4,217	1,935	478	34	-	10,313
Net cost of net debt							(365)
Non-controlling<br> interests							(85)
Adjusted net income - TotalEnergies share							9,863
3rd quarter 2022 (M$)	Integrated Gas,	Exploration	Refining	Marketing
---	---	---	---	---	---	---	---
	Renewables	&	&	&	Corporate	Intercompany	Total
	& Power	Production	Chemicals	Services
Total expenditures	3,214	2,069	242	251	21	-	5,797
Total divestments	1,441	246	6	29	-	-	1,722
Cash<br> flow from operating activities	4,390	9,083	3,798	939	(362)	-	17,848

INFORMATIONBY BUSINESS SEGMENT

TotalEnergies

(unaudited)

4th quarter 2021<br><br> (M$) ****	Integrated Gas, Renewables & Power	Exploration & Production	Refining & Chemicals	Marketing & Services	Corporate	Intercompany	Total
External<br> sales	11,634	2,068	24,781	21,854	11	-	60,348
Intersegment<br> sales	1,466	11,875	8,716	155	148	(22,360)	-
Excise<br> taxes	-	-	(238)	(4,812)	-	-	(5,050)
Revenues from sales	13,100	13,943	33,259	17,197	159	(22,360)	55,298
Operating<br> expenses	(11,141)	(5,412)	(32,250)	(16,347)	(374)	22,360	(43,164)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(545)	(2,637)	(399)	(307)	(31)	-	(3,919)
Operating income	1,414	5,894	610	543	(246)	-	8,215
Net<br> income (loss) from equity affiliates and other items	1,281	74	228	83	32	-	1,698
Tax<br> on net operating income	(237)	(3,124)	(234)	(164)	75	-	(3,684)
Net operating income	2,458	2,844	604	462	(139)	-	6,229
Net<br> cost of net debt							(326)
Non-controlling<br> interests							(66)
Net income - TotalEnergies share							5,837
4th quarter 2021 (adjustments) ^(a)^ (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining & Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
External<br> sales	-	-	-	-	-	-	-
Intersegment<br> sales	-	-	-	-	-	-	-
Excise<br> taxes	-	-	-	-	-	-	-
Revenues from sales	-	-	-	-	-	-	-
Operating<br> expenses	(57)	(132)	38	21	-	-	(130)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(187)	(418)	-	(36)	-	-	(641)
Operating income ^(b)^	(244)	(550)	38	(15)	-	-	(771)
Net<br> income (loss) from equity affiliates and other items	(116)	(111)	23	(6)	6	-	(204)
Tax<br> on net operating income	59	(20)	(10)	4	(69)	-	(36)
Net operating income ^(b)^	(301)	(681)	51	(17)	(63)	-	(1,011)
Net<br> cost of net debt							10
Non-controlling<br> interests							13
Net income - TotalEnergies share							(988)
^(a)^	Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
---	---
^(b)^	Of which inventory valuation effect
---	---
On operating income	-	-	32	53	-
---	---	---	---	---	---
On net operating income	-	-	74	47	-
4th quarter 2021 (adjusted)<br><br> (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining & Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
External<br> sales	11,634	2,068	24,781	21,854	11	-	60,348
Intersegment<br> sales	1,466	11,875	8,716	155	148	(22,360)	-
Excise<br> taxes	-	-	(238)	(4,812)	-	-	(5,050)
Revenues from sales	13,100	13,943	33,259	17,197	159	(22,360)	55,298
Operating<br> expenses	(11,084)	(5,280)	(32,288)	(16,368)	(374)	22,360	(43,034)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(358)	(2,219)	(399)	(271)	(31)	-	(3,278)
Adjusted operating income	1,658	6,444	572	558	(246)	-	8,986
Net<br> income (loss) from equity affiliates and other items	1,397	185	205	89	26	-	1,902
Tax<br> on net operating income	(296)	(3,104)	(224)	(168)	144	-	(3,648)
Adjusted net operating income	2,759	3,525	553	479	(76)	-	7,240
Net<br> cost of net debt							(336)
Non-controlling<br> interests							(79)
Adjusted net income - TotalEnergies share							6,825
4th quarter 2021 (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
Total<br> expenditures	1,471	2,327	723	643	30	-	5,194
Total<br> divestments	540	357	202	181	2	-	1,282
Cash<br> flow from operating activities	(57)	8,624	2,446	386	222	-	11,621

INFORMATION BY BUSINESS SEGMENT

TotalEnergies

(unaudited)

Year 2022 (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
External<br> sales	48,753	9,942	121,618	100,661	25	-	280,999
Intersegment<br> sales	7,000	55,190	45,857	1,433	248	(109,728)	-
Excise<br> taxes	-	-	(737)	(16,952)	-	-	(17,689)
Revenues from sales	55,753	65,132	166,738	85,142	273	(109,728)	263,310
Operating<br> expenses	(45,771)	(24,521)	(156,897)	(81,746)	(1,329)	109,728	(200,536)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(1,402)	(8,115)	(1,533)	(1,033)	(138)	-	(12,221)
Operating income	8,580	32,496	8,308	2,363	(1,194)	-	50,553
Net income<br> (loss) from equity affiliates and other items	2,766	(9,943)	885	(20)	288	-	(6,024)
Tax<br> on net operating income	(1,712)	(17,445)	(2,544)	(787)	281	-	(22,207)
Net operating income	9,634	5,108	6,649	1,556	(625)	-	22,322
Net cost<br> of net debt							(1,278)
Non-controlling<br> interests							(518)
Net income - TotalEnergies share							20,526
Year 2022 (adjustments) ^(a)^ (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
External<br> sales	104	-	-	-	-	-	104
Intersegment<br> sales	-	-	-	-	-	-	-
Excise<br> taxes	-	-	-	-	-	-	-
Revenues from sales	104	-	-	-	-	-	104
Operating<br> expenses	1,087	(985)	130	200	(600)	-	(168)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(122)	298	-	(72)	(9)	-	95
Operating income ^(b)^	1,069	(687)	130	128	(609)	-	31
Net<br> income (loss) from equity affiliates and other items	(3,490)	(10,925)	(32)	(23)	106	-	(14,364)
Tax<br> on net operating income	(89)	(759)	(751)	(99)	141	-	(1,557)
Net operating income ^(b)^	(2,510)	(12,371)	(653)	6	(362)	-	(15,890)
Net<br> cost of net debt	-	-	-	-	-	-	277
Non-controlling<br> interests	-	-	-	-	-	-	(58)
Net income - TotalEnergies share	-	-	-	-	-	-	(15,671)
^(a)^	Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
---	---
^(b)^	Of which inventory valuation effect
---	---
On operating income	-	-	239	261	-
---	---	---	---	---	---
On net operating income	-	-	336	194	-
Year 2022 (adjusted) (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
External<br> sales	48,649	9,942	121,618	100,661	25	-	280,895
Intersegment<br> sales	7,000	55,190	45,857	1,433	248	(109,728)	-
Excise<br> taxes	-	-	(737)	(16,952)	-	-	(17,689)
Revenues from sales	55,649	65,132	166,738	85,142	273	(109,728)	263,206
Operating<br> expenses	(46,858)	(23,536)	(157,027)	(81,946)	(729)	109,728	(200,368)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(1,280)	(8,413)	(1,533)	(961)	(129)	-	(12,316)
Adjusted operating income	7,511	33,183	8,178	2,235	(585)	-	50,522
Net<br> income (loss) from equity affiliates and other items	6,256	982	917	3	182	-	8,340
Tax<br> on net operating income	(1,623)	(16,686)	(1,793)	(688)	140	-	(20,650)
Adjusted net operating income	12,144	17,479	7,302	1,550	(263)	-	38,212
Net<br> cost of net debt							(1,555)
Non-controlling<br> interests							(460)
Adjusted net income - TotalEnergies share							36,197
Year 2022 (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
Total<br> expenditures	6,475	10,646	1,391	1,186	104	-	19,802
Total<br> divestments	3,427	807	214	222	16	-	4,686
Cash<br> flow from operating activities	9,670	27,654	8,663	3,124	(1,744)	-	47,367

INFORMATION BY BUSINESS SEGMENT

TotalEnergies

Year 2021 (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
External<br> sales	30,704	7,246	87,600	80,288	25	-	205,863
Intersegment<br> sales	4,260	34,896	27,637	451	254	(67,498)	-
Excise<br> taxes	-	-	(1,108)	(20,121)	-	-	(21,229)
Revenues from sales	34,964	42,142	114,129	60,618	279	(67,498)	184,634
Operating<br> expenses	(29,964)	(16,722)	(108,982)	(57,159)	(927)	67,498	(146,256)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(1,650)	(9,110)	(1,583)	(1,100)	(113)	-	(13,556)
Operating income	3,350	16,310	3,564	2,359	(761)	-	24,822
Net<br> income (loss) from equity affiliates and other items	2,745	(760)	518	108	45	-	2,656
Tax<br> on net operating income	(602)	(7,506)	(1,068)	(738)	152	-	(9,762)
Net operating income	5,493	8,044	3,014	1,729	(564)	-	17,716
Net<br> cost of net debt							(1,350)
Non-controlling<br> interests							(334)
Net income - TotalEnergies share							16,032
Year 2021 (adjustments) ^(a) (M$)^	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
External<br> sales	(44)	-	-	-	-	-	(44)
Intersegment<br> sales	-	-	-	-	-	-	-
Excise<br> taxes	-	-	-	-	-	-	-
Revenues from sales	(44)	-	-	-	-	-	(44)
Operating<br> expenses	(271)	(187)	1,470	278	-	-	1,290
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(342)	(418)	(25)	(36)	-	-	(821)
Operating income ^(b)^	(657)	(605)	1,445	242	-	-	425
Net<br> income (loss) from equity affiliates and other items	(215)	(1,839)	56	(61)	(54)	-	(2,113)
Tax<br> on net operating income	122	49	(396)	(70)	(67)	-	(362)
Net operating income ^(b)^	(750)	(2,395)	1,105	111	(121)	-	(2,050)
Net<br> cost of net debt							25
Non-controlling<br> interests							(3)
Net income - TotalEnergies share							(2,028)
^(a)^	Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
---	---
^(b)^	Of which inventory valuation effect
---	---
On operating income	-	-	1,481	315	-
---	---	---	---	---	---
On net operating income	-	-	1,296	236	-
Year 2021 (adjusted) (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
External<br> sales	30,748	7,246	87,600	80,288	25	-	205,907
Intersegment<br> sales	4,260	34,896	27,637	451	254	(67,498)	-
Excise<br> taxes	-	-	(1,108)	(20,121)	-	-	(21,229)
Revenues from sales	35,008	42,142	114,129	60,618	279	(67,498)	184,678
Operating<br> expenses	(29,693)	(16,535)	(110,452)	(57,437)	(927)	67,498	(147,546)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(1,308)	(8,692)	(1,558)	(1,064)	(113)	-	(12,735)
Adjusted operating income	4,007	16,915	2,119	2,117	(761)	-	24,397
Net<br> income (loss) from equity affiliates and other items	2,960	1,079	462	169	99	-	4,769
Tax<br> on net operating income	(724)	(7,555)	(672)	(668)	219	-	(9,400)
Adjusted net operating income	6,243	10,439	1,909	1,618	(443)	-	19,766
Net<br> cost of net debt							(1,375)
Non-controlling<br> interests							(331)
Adjusted net income - TotalEnergies share							18,060
Year 2021 (M$)	Integrated Gas, Renewables & Power	Exploration & Production	Refining &<br><br> Chemicals	Marketing & Services	Corporate	Intercompany	Total
---	---	---	---	---	---	---	---
Total expenditures	6,341	7,276	1,638	1,242	92	-	16,589
Total divestments	1,350	894	348	319	22	-	2,933
Cash<br> flow from operating activities	827	22,009	6,473	2,333	(1,232)	-	30,410

Reconciliation ofthe information by business segment with consolidated financial statements

TotalEnergies

(unaudited)

4th quarter<br> 2022	Adjustments ^(a)^	Consolidated
(M)		statement of income
Sales	69	68,582
Excise<br> taxes	-	(4,629)
Revenues from sales	69	63,953
Purchases, net of inventory<br> variation	1,200	(41,555)
Other<br> operating expenses	(327)	(7,354)
Exploration<br> costs	-	(250)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	699	(2,505)
Other<br> income	(52)	584
Other expense	(2,237)	(2,828)
Financial interest on debt	-	(719)
Financial<br> income and expense from cash & cash equivalents	19	357
Cost of net debt	19	(362)
Other financial income	-	266
Other<br> financial expense	-	(150)
Net income (loss) from equity<br> affiliates	(2,154)	(281)
Income<br> taxes	(1,547)	(6,077)
Consolidated<br> net income	(4,330)	3,441
TotalEnergies<br> share	(4,297)	3,264
Non-controlling interests	(33)	177

All values are in US Dollars.

^(a)^  Adjustments includespecial items, inventory valuation effect and the effect of changes in fair value.

4th quarter 2021			Consolidated
(M$)	Adjusted	Adjustments ^(a)^	statement of income
Sales	60,348	-	60,348
Excise<br> taxes	(5,050)	-	(5,050)
Revenues from sales	55,298	-	55,298
Purchases, net of inventory<br> variation	(36,189)	28	(36,161)
Other<br> operating expenses	(6,630)	(50)	(6,680)
Exploration<br> costs	(215)	(108)	(323)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(3,278)	(641)	(3,919)
Other<br> income	551	(15)	536
Other expense	(493)	(262)	(755)
Financial interest on debt	(483)	-	(483)
Financial<br> income and expense from cash & cash equivalents	105	15	120
Cost of net debt	(378)	15	(363)
Other financial income	195	-	195
Other<br> financial expense	(138)	-	(138)
Net income (loss) from equity<br> affiliates	1,787	73	1,860
Income<br> taxes	(3,606)	(41)	(3,647)
Consolidated net income	6,904	(1,001)	5,903
TotalEnergies<br> share	6,825	(988)	5,837
Non-controlling interests	79	(13)	66

^(a)^  Adjustments includespecial items, inventory valuation effect and the effect of changes in fair value.

Reconciliationof the information by business segment with consolidated financial statements

TotalEnergies

Year 2022
(M$)	Adjusted	Adjustments ^(a)^	Consolidated
(unaudited)	****	****	statement of income
Sales	280,895	104	280,999
Excise<br> taxes	(17,689)	-	(17,689)
Revenues from sales	263,206	104	263,310
Purchases, net of inventory<br> variation	(171,049)	1,601	(169,448)
Other<br> operating expenses	(28,745)	(1,044)	(29,789)
Exploration<br> costs	(574)	(725)	(1,299)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(12,316)	95	(12,221)
Other<br> income	1,349	1,500	2,849
Other expense	(1,542)	(5,802)	(7,344)
Financial interest on debt	(2,386)	-	(2,386)
Financial<br> income and expense from cash & cash equivalents	746	397	1,143
Cost of net debt	(1,640)	397	(1,243)
Other financial income	812	84	896
Other<br> financial expense	(533)	-	(533)
Net income (loss) from equity<br> affiliates	8,254	(10,146)	(1,892)
Income<br> taxes	(20,565)	(1,677)	(22,242)
Consolidated net income	36,657	(15,613)	21,044
TotalEnergies<br> share	36,197	(15,671)	20,526
Non-controlling interests	460	58	518

^(a)^  Adjustments includespecial items, inventory valuation effect and the effect of changes in fair value.

Year 2021			Consolidated
(M$)	Adjusted	Adjustments ^(a)^	statement of income
Sales	205,907	(44)	205,863
Excise<br> taxes	(21,229)	-	(21,229)
Revenues from sales	184,678	(44)	184,634
Purchases, net of inventory<br> variation	(120,160)	1,538	(118,622)
Other<br> operating expenses	(26,754)	(140)	(26,894)
Exploration<br> costs	(632)	(108)	(740)
Depreciation,<br> depletion and impairment of tangible assets and mineral interests	(12,735)	(821)	(13,556)
Other<br> income	1,300	12	1,312
Other expense	(944)	(1,373)	(2,317)
Financial interest on debt	(1,904)	-	(1,904)
Financial<br> income and expense from cash & cash equivalents	340	39	379
Cost of net debt	(1,564)	39	(1,525)
Other financial income	762	-	762
Other<br> financial expense	(539)	-	(539)
Net income (loss) from equity<br> affiliates	4,190	(752)	3,438
Income<br> taxes	(9,211)	(376)	(9,587)
Consolidated net income	18,391	(2,025)	16,366
TotalEnergies<br> share	18,060	(2,028)	16,032
Non-controlling interests	331	3	334

^(a)^  Adjustments includespecial items, inventory valuation effect and the effect of changes in fair value.

Exhibit 99.2

RECENT DEVELOPMENTS

The term “TotalEnergies” in thisexhibit is used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergiesSE. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate and independent legal entities.

Indicative ex-dividend dates for 2024 dividend

On February 8, 2023**,** the Board of Directors decided during the meeting of February 7, 2023 that, subject to the decisions made by the Board of Directors and the Shareholders’ Meeting approving the 2024 financial statements, allocation of earnings, and final dividend, the ex-dividend dates of the interim and the final dividends for 2024 will be as follows:

---

Type of coupon	Ex-dividend dates
First interim	September 25, 2024
Second interim	January 2, 2025
Third interim	March 26, 2025
Final	June 19, 2025

The above ex-dividend dates relate to the TotalEnergies shares listed on the Euronext**.**

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Ordinary dividend of 2.81 €/sharefor fiscal year 2022, a 6.4% increase, and the confirmation of the 1 €/share special dividend

The Board of Directors of TotalEnergies SE, meeting on February 7, 2023, decided to propose to the Shareholders’ Meeting on May 26, 2023, the distribution of an ordinary dividend of 2.81 €/share for fiscal year 2022, versus 2.64 €/share for fiscal year 2021, a 6.4% increase.

Consequently, taking into account the three ordinary interim dividends of 0.69 €/share previously decided by the Board of Directors, the final ordinary dividend for fiscal year 2022 will be 0.74 €/share, a 7.25% increase compared to the ordinary interim dividends.

In addition, the Board of directors decided propose the confirmation of the 1 €/share special dividend for fiscal year 2022, that was paid on December 16, 2022.

As proposed, TotalEnergies’ shareholders would benefit from a 3.81 €/share dividend (ordinary plus special) for fiscal year 2022.

---

Subject to approval at the Shareholders’ Meeting, the final ordinary dividend will be paid in cash, according to the following timetable:

	Shareholders	ADS holders
Ex-dividend date	June 21, 2023	June 16, 2023
Payment date	July 3, 2023	July 17, 2023

Share capital decrease by way of treasury sharescancellation

---

On February 8, 2023, following the Board of Directors meeting of February 7, 2023, under the conditions set forth at the Extraordinary Shareholders’ Meeting of May 25, 2022, the Board of Directors decided to decrease the share capital of TotalEnergies SE by way of cancellation of 128,869,261 treasury shares representing 4.92% of the share capital. These shares were repurchased from February 11 to December 15, 2022.

After this cancellation of shares, the number of shares of TotalEnergies SE is 2,490,262,024, and the number of voting rights that can be exercised at the Shareholders’ Meeting is 2,655,005,180. The total number of voting rights attached to these 2,490,262,024 shares (referred to as ‘theoretical voting rights’) is 2,680,013,644, including the voting rights attached to the 25,008,464 treasury shares held by TotalEnergies SE, with a view to cancelling them and allocating them to share performance plans, and with no voting rights.

This transaction has no impact on the consolidated financial statements of TotalEnergies SE, the number of fully diluted weighted-average shares, and the earnings per share.

Denmark: TotalEnergies Obtains Two CO2 StorageLicenses in the Danish North Sea

On February 6, 2023, TotalEnergies was awarded two licenses to explore CO2 storage potential in the Danish North Sea. The licenses are located 250 kilometers off the west coast of Denmark and cover an area of 2,118 km^2^.

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The acreage includes the Harald gas fields, currently operated by TotalEnergies, for which the Company is already assessing CO2 storage opportunities within the framework of the Bifrost project, as well as a saline aquifer that could increase CO2 storage volumes, which could create a competitive solution to the market.

Alongside state-owned Nordsøfonden (20%), TotalEnergies (80%) will be the future operator of the offshore CO2 storage licenses. The Company aims to carry out evaluation and appraisal work to develop a project that could ultimately transport and permanently store more than 5 Mt CO2/year, by repurposing existing infrastructure in the Danish North Sea and building new facilities.

Mozambique LNG: TotalEnergies Entrusts Jean-ChristopheRufin with an Independent Mission to Assess the Humanitarian Situation in the Cabo Delgado Province

On February 3, 2023, Patrick Pouyanné, Chairman and CEO of TotalEnergies, visited the Cabo Delgado province of Mozambique to review the security and humanitarian situation. He visited the Afungi industrial site, the resettlement village of Quitunda, the towns of Palma and Mocimboa da Praia and met with President Filipe Nyusi to discuss the security and humanitarian situation in the Cabo Delgado province, where the Mozambique LNG project is located.

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During this visit, Patrick Pouyanné said he has entrusted Jean-Christophe Rufin, a recognized expert in humanitarian action and human rights, with an independent mission to assess the humanitarian situation in the Cabo Delgado province. This mission is expected to evaluate the actions taken by Mozambique LNG and aims to propose additional actions to be implemented, if required. The report of this mission is

expected to be delivered at the end of February and its conclusions will be shared with all of Mozambique LNG's partners, who shall decide whether the conditions are met for resuming project activities.

On April 26, 2021, considering the evolution of the security situation in the north of the Cabo Delgado province, Mozambique LNG had decided to withdraw all project personnel from the Afungi site. This situation also led the Mozambique LNG project partners to declare force majeure.

Mozambique LNG is one of the first onshore developments of a liquefied natural gas (LNG) plant in the country. The project includes the development of the Golfinho and Atum fields located in Offshore Area 1 and the construction of two liquefaction trains with an expected total capacity of 13,1 million tons per annum (mtpa).

TotalEnergies EP Mozambique Area 1 Limitada, a wholly owned subsidiary of Total SE, holds a 26.5% interest alongside ENH Rovuma Área Um, S.A. (15%), Mitsui E&P Mozambique Area1 Limited (20%), ONGC Videsh Rovuma Limited (10%), Beas Rovuma Energy Mozambique Limited (10%), BPRL Ventures Mozambique B.V. (10%), and PTTEP Mozambique Area 1 Limited (8.5%).

TotalEnergies Sold a Stake in itsRenewable Portfolio to Crédit Agricole Assurances

On February 3^rd^ 2023, as part of its strategy of profitable growth in renewable energies, TotalEnergies is expecting to sell to Crédit Agricole Assurances 50% of a 234 MW portfolio of renewable projects, including 23 solar power plants with a capacity of 168 MW and 6 wind farms with a capacity of 67 MW.

Of the 29 power plants in the portfolio, 25 are already operational (180 MW) and the four others (54 MW) are expected to be commissioned in the first half of 2023.

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This transaction implies an enterprise value of the portfolio of $300 million (100%) equivalent to a multiple of 16 EBITDA.

This partial sale to Crédit Agricole Assurances allows TotalEnergies to accelerate project cash flows and improve the return on invested capital, in line with its business model for renewable energy development.

TotalEnergies’ teams will continue to ensure the asset management, operation and maintenance of the 29 power plants. They are expected to provide enough energy for 200,000 people and aim to prevent the emission of approximately 96,000 tons of CO2 per year for thirty years.

TotalEnergies’ Statement on its Investmentsin India

On February 3, 2023, following the allegations against Adani Group, as published by the Hindenburg Research company on January 24, 2023, TotalEnergies brought the following information regarding its joint investments in India in partnership with Adani since 2018.

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TotalEnergies’ investments in Adani’s entities were undertaken in full compliance with applicable – namely Indian – laws, and with TotalEnergies’ own internal governance processes. The due diligence, which was carried out to TotalEnergies’ satisfaction, was consistent with best practices, and all relevant material in the public domain was reviewed, including the detailed disclosures to regulators required under applicable laws. TotalEnergies welcomed the announcement by Adani to mandate one of the "big four" accounting firms to carry out a general audit.

The entities TotalEnergies has invested in with Adani are managed in accordance with applicable regulations. The day-to-day operations of the entities listed in India, Adani Total Gas Limited (ATGL) and Adani Green Energy Limited (AGEL), are managed by independent teams of professional managers, and their boards are composed of at least 50% independent and non-executive directors (5/9 for ATGL and 5/10 for AGEL). S. R. Batliboi & Co. LLP, a member company of the international financial audit firm EY, is AGEL’s statutory auditor.

The following table lists TotalEnergies’ current stakes in ventures with Adani:

Adani Total Private Limited	50%
Adani Total Gas Limited (listed)	37.4%
Adani Green Energy Limited (listed)	19.75%
AGEL23	50%

TotalEnergies’ exposure resulting from these stakes is limited, as it represents 2.4% ($3.1 billion at December 31, 2022) of the Company’s capital employed and only 180 M$ of net operating income in 2022. These investments being accounted for under the equity method, TotalEnergies has not performed any re-evaluation in its accounts of its stakes in the listed entities ATGL and AGEL in relation to the prevailing stock values.

TotalEnergies and Air Liquide join forces todevelop a network of over 100 hydrogen stations for heavy duty vehicles in Europe

On February 2, 2023, TotalEnergies and Air Liquide announced their decision to create an equally owned joint venture to develop a network of hydrogen stations, geared towards heavy duty vehicles on major European road corridors. This initiative is expected to help facilitate access to hydrogen, enabling the development of its use for goods transportation and further strengthening the hydrogen sector.

The partners aim to deploy more than 100 hydrogen stations on major European roads - in France, Benelux, and Germany - in the coming years. These stations, under the TotalEnergies brand, are expected to be located on major strategic corridors.

This agreement is expected to lead to the creation of a major player in hydrogen refueling solutions and contribute to the decarbonization of road transportation in Europe. The two companies aim to combine their know-how and expertise in infrastructure, hydrogen distribution, and mobility:

-         TotalEnergies is expected to bring its expertise in the operation and management of stations networks and the distribution of energies to BtoB customers; and

-          Air Liquide is expected to contribute with its expertise in technologies and its mastery of the entire hydrogen value chain.

The joint venture, which is expected to be jointly managed by TotalEnergies and Air Liquide, aims to invest, build and operate these stations, as well as procure hydrogen from the market and dispense it to its transport customers.

The two partners aim to establish their joint venture in 2023, subject to the finalization of the appropriate contractual documentation and the receipt of the necessary regulatory approvals.

ESG: TotalEnergies CAC40 transparency leadertowards investors in the annual ranking of the Forum pour l'Investissement Responsable

On February 1, 2023, TotalEnergies topped the ranking of the Forum pour l'Investissement Responsable (FIR), which on January 25 released the survey results for all CAC40 companies ahead of their 2022 Annual Shareholders' meetings: "How does the CAC 40 meet investor expectations?"

FIR is a French association representing all stakeholders in Social and Responsible Investment (SRI). Its purpose is to promote and develop responsible investment, as well as best practices. It promotes dialogue and involvement with listed companies on sustainable development issues. The campaign questions focused on Environmental, Social and Governance (ESG) issues such as climate, biodiversity, the circular economy, living wages, ESG pay criteria, tax practices, and the inclusion of social partners in corporate responsibility plans.

The consolidated score on all the questions gave TotalEnergies an overall result of 2.1/3, which makes it the joint winner with Orange.

These results reflect TotalEnergies' commitment to dialogue and transparency in line with its principle of action towards investors and stakeholders.

In March 2023, TotalEnergies is expected to publish its Sustainability & Climate - 2023 progress report, which is expected to report the progress made on the Company’s ambition with respect to sustainable development and energy transition towards carbon neutrality and its related targets by 2030.

TotalEnergies Starts Up its Fourth Solar PowerPlant in Japan

On February 1, 2023, TotalEnergies started up the commercial operation of a 51-megawatt (MW) solar power plant located in Tsu, Mie Prefecture, Japan.

The plant, connected to the electricity distribution grid, aims to supply its electricity to Chubu Electric Power Miraiz Co. Inc., a subsidiary of the regional utility company, through a power purchase agreement over a 17-year period.

Built in two years, the Haze power plant is operated with nearly 100,000 high-efficiency solar panels, ensuring the highest performance in mitigated weather conditions. The supports and foundations of the solar panels are designed in consideration of earthquakes and typhoons.

The Haze power plant operates on a surface of nearly 77 hectares and is expected to provide enough clean and reliable electricity to serve nearly 20,000 households.

“We are delighted with the successful start-up of Tsu Haze, our fourth large scale solar power plant in Japan, with our partners Suzuka Group and Tohoku Electric. This marks a new milestone in the deployment of our renewable energy activities in Japan. With more than 150 MW of cumulative capacity in operation, we are proud to contribute to the country's energy transition.” said Vincent Stoquart, Senior Vice-President Renewables at TotalEnergies.

The commercial operation of Haze Solar Power Plant follows:

·	27MW<br> Nanao Solar Power Plant which is in operation since 2017
·	25MW<br> Miyako Solar Power Plant which is in operation since 2019
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·	52MW<br> Osato Solar Power Plant which is in operation since 2021
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Lebanon: QatarEnergy joins TotalEnergies and Enion two exploration blocks

On January 29, 2023, TotalEnergies and Eni completed the transfer to QatarEnergy of a 30% interest in exploration Blocks 4 and 9 off the coast of Lebanon.

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The agreements were endorsed in Beirut on January 29, 2023, during a ceremony attended by His Excellency Dr. Walid Fayad, the Minister of Energy and Water of Lebanon; His Excellency Mr. Saad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy; Mr. Patrick Pouyanné, Chairman and CEO of TotalEnergies; and Mr. Claudio Descalzi, CEO of Eni.

Pursuant to the terms of the agreements, TotalEnergies (operator) and Eni will each retain a 35% interest in the blocks, with QatarEnergy holding the remaining 30%.

This new partnership further expands the cooperation between TotalEnergies and QatarEnergy in exploration activities and brings to nine the number of countries where the two companies have partnerships.

TotalEnergies EP Canada acquires an additionalinterest in Fort Hills, ahead of its planned spin-off

On January 27, 2023, in the context of its expected spin-off, TotalEnergies EP Canada Ltd announced that it had exercised its preemption right to acquire an additional 6.65% interest in the Fort Hills Energy Limited Partnership and associated sales and logistics agreements from Teck Resources Limited, for a consideration of 312 million Canadian Dollars.

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Fort Hills is located 90 kilometers North of Fort McMurray, in the province of Alberta. Prior to the transaction, TotalEnergies EP Canada held a working interest of 24.58% in the Fort Hills project, and will hold 31.23% after the transaction. TotalEnergies EP Canada also holds a 50% working interest in the Surmont project located in the region.

In line with its low-carbon strategy, TotalEnergies announced in September 2022 its intention to exit Canadian oil sands by spinning off TotalEnergies EP Canada in 2023. Through the acquisition of an additional interest in Fort Hills, TotalEnergies EP Canada aims to build the future for the spin-off entity in an asset with long-term growth potential. The spin-off is planned to be submitted to a vote at TotalEnergies’ annual Shareholders’ Meeting in May 2023.

Oman: TotalEnergies is Rolling Out its IntegratedGas Strategy

On January 20, 2023, in line with its growth strategy in gas and LNG, a fuel contributing to the energy transition, TotalEnergies announced the start of gas production from onshore Block 10 in the Sultanate of Oman as well as an agreement with Oman LNG for a long-term LNG purchase contract.

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Start of gas production from Block 10

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TotalEnergies announced the start of gas production from the Mabrouk North-East field in the onshore Block 10. TotalEnergies holds a 26.55% interest in Block 10, with OQ holding 20%, and Shell, operator, holding 53.45%.

Gas production is expected to reach 500 million standard cubic feet per day by mid-2024. The produced gas is expected to supply the Omani gas network, feeding both local industry and LNG export facilities. This production start-up follows the signing of the concession agreement in December 2021.

Long-term LNG purchase contract

TotalEnergies signed an agreement with Oman LNG for the purchase of 0.8 million metric tons of LNG per year over a period of ten years starting from 2025.

This new contract is expected to contribute to TotalEnergies' LNG integrated portfolio and reinforce its flexibility, by allowing to address both the European and Asian markets. This LNG is expected to contribute to the reduction of emissions into the atmosphere, since it is expected to allow the electric utilities that purchase this gas to substitute it for coal, thus avoiding CO2 emissions (a natural gas power plant releases about half as much CO2 as a coal power plant).

TotalEnergies signed a 30 MW of Solar projects in Oman, including a project to supply Sharqiyah Desalination Company (17 MW), in joint-venture with Veolia.

Brazil: Launch of the Lapa South-West Project

On January 16, 2023, TotalEnergies approved the final investment decision of the Lapa South-West oil development located in the Santos Basin, 300 km off the coast of Brazil.

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TotalEnergies operates the project with a 45% interest, in partnership with Shell (30%) and Repsol Sinopec (25%). Lapa South-West is expected to be developed through three wells, connected to the existing Lapa FPSO located 12 km away and currently producing the North-East part of Lapa field since 2016.

At production start-up, expected in 2025, Lapa South-West is expected to increase production from the Lapa field by 25,000 barrels of oil per day, bringing the overall production to 60,000 barrels of oil per day.

This development represents an investment of approximately $1 billion.

Commissioning of the floating LNG regasificationunit delivered by TotalEnergies to Lubmin terminal in Germany

On January 13, 2023, TotalEnergies announced the start-up of the Deutsche Ostsee LNG import terminal for liquefied natural gas (LNG). Operated by Deutsche ReGas and located in Lubmin on the German Baltic Sea coast, the site’s official inauguration took place on January 14, 2023, and was attended by German Federal Chancellor Olaf Scholz. This project, to which TotalEnergies is contributing a floating storage and regasification unit (FSRU) and supplying LNG, is expected to make the Company one of Germany’s main LNG suppliers.

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In December 2022, TotalEnergies delivered the Neptune, one of the Company's two floating storage and regasification units, to Deutsche ReGas. The vessel has an annual regasification capacity of 5 billion cubic meters of gas, expected to sufficiently cover about 5% of current German demand.

Following Deutsche Regas’s open seasonprocedure, on October 2022, TotalEnergies also contracted regasification capacity of 2.6 billion cubic meters of gas per year and began to deliver LNG from its global integrated portfolio to the Lubmin terminal.

Biogas in France: TotalEnergies commissions BioBéarn,the country’s largest anaerobic digestion unit

On January 12, 2023, TotalEnergies launched its eighteenth biogas production unit in France, which is expected to be the largest in the country, with a maximum capacity of 160 gigawatt hours (GWh).

Named BioBéarn and located in Mourenx in the south-west of France, this new unit, fed with organic waste, has begun delivering its first cubic meters of biomethane – a renewable, decarbonized and locally produced gas – into the natural gas transmission network operated by Téréga. It is expected to produce 69 GWh in 2023 and then ramp up progressively to keep pace with the rapidly growing demand for biogas.

The project, which illustrates TotalEnergies' commitment to promoting the circular economy, is expected to convert 220,000 metric tons of organic waste into 200,000 metric tons per year of digestate, a natural fertilizer, and 160 GWh of biomethane, equivalent to the average annual consumption of 32,000 people. BioBéarn aims to enable the Lacq basin, a historical gas area, to pursue a local and sustainable growth, by intending to avoid the emission of 32 000 tons of CO2 per year.

The development of BioBéarn began in 2016 and involved all local stakeholders, including over 200 from farming and the food industry, the local community and elected officials, allowing the project to adapt to the needs and potential of the territory.

BioBéarn key figures :

·	160 GWh biomethane production capacity, equivalent<br>to the average annual needs of 32,000 people, and covering all uses of natural gas.
·	Over 220,000 tons/year of organic waste: residues<br>from local farming activities and agri-food industry.
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·	Almost 200,000 tons/year of digestate, a natural,<br>hygienized fertilizer, that is expected to be sprayed on farmland within 50 km of the unit, saving almost 5,000 tons of chemical fertilizer.
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Cyprus: TotalEnergies announces a new gas discoveryin offshore Block 6

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On December 21, 2022, TotalEnergies and Eni (operator) announced that they had made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 and the Cronos-1 discoveries made on the same block, respectively in 2018 and August 2022. The Zeus-1 well encountered gas in carbonate reservoirs that reinforces the promising outlook for the area and its development.

Located 162 km off the Cyprus coast and 5 km West of Cronos-1, Zeus-1 has been safely drilled and successfully tested by the Tungsten Explorer drillship.

TotalEnergies holds a 50% interest in Block 6, where Eni is the operator (50%). In Cyprus, TotalEnergies is also present in offshore Block 11 (50%, operator), 7 (50%, operator), 2 (20%), 3 (30%), 8 (40%) and 9 (20%).

Brazil: TotalEnergies Wins a New Exploration License

On December 19, 2022, TotalEnergies, and its co-venturers QatarEnergy and Petronas Petróleo Brasil Ltda (PPBL) announced that they had won the Agua Marinha block in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP). Petrobras exercised its right to take a 30% Participating Interest and Operatorship.

Agua Marinha is a large block of 1,300 km^2^, about 140 km from onshore, located in the pre-salt Campos Basin.

TotalEnergies will participate in the block with a 30% interest, alongside Petrobras operator (30%), QatarEnergy (20%) and PPBL (20%).

The entry into this block follows the entry into 2 blocks, S-M-1815 and S-M-1711, in the South Santos basin during the 3^rd^ Cycle of the Permanent offer that took place on April 13, 2022.

Aramco and TotalEnergies to Build a Giant PetrochemicalComplex in Saudi Arabia

On December 15, 2022, the Saudi Arabian Oil Company (“Aramco”) and TotalEnergies announced that they had taken the final investment decision for the construction of what is intended to be a world scale petrochemical facility in Saudi Arabia. The “Amiral” complex is expected to be owned, operated, and integrated with the existing SATORP refinery located in Jubail on Saudi Arabia’s eastern coast. The investment decision is subject to customary closing conditions and approvals.

The petrochemical facility is expected to enable SATORP to convert internally produced refinery off-gases and naphtha, as well as ethane and natural gasoline supplied by Aramco, into higher value chemicals, helping to advance Aramco’s liquids to chemicals strategy.

The complex is expected to comprise a mixed feed cracker capable of producing 1.65 million tons per annum of ethylene, the first in the region to be integrated with a refinery. It is also expected to include two state-of-the-art polyethylene units using Advanced Dual Loop technology, a butadiene extraction unit, and other associated derivatives units.

The project alone represents an investment of around $11 billion, of which $4 billion is expected to be funded through equity by Aramco (62.5%) and TotalEnergies (37.5%). Its construction is expected to begin during the first quarter of 2023 with commercial operations targeted to start in 2027.

On July 2022, SATORP was the first MENA refinery to be certified ISCC+, an international recognition towards its circular initiatives, such as the recycling of plastic and used cooking oil. A first batch of recycled plastic was processed by the refinery in November 2022.

Lebanon: TotalEnergies Mobilizes to Explore Block9 in 2023

On December 12, 2022, Patrick Pouyanné, Chairman and CEO of TotalEnergies, met with His Excellency Walid Fayad, Minister of Energy and Water of Lebanon, at TotalEnergies’ headquarters.

During the meeting, Patrick Pouyanné and Walid Fayad discussed the development of TotalEnergies' activities in Lebanon, and Patrick Pouyanné confirmed that the teams in charge of drilling operations on Block 9 were now mobilized.

To date, in addition to the Operations Manager, more than 10 people are involved in the preparation of the well. By the end of March, the team mobilized in Beirut is expected to reach more than 20 employees. The call for tenders to secure the drilling rig has been issued and is expected to lead to a selection of the rig in the first quarter of 2023. Pre-orders have also been placed with suppliers for equipment required for the well. In parallel, offshore resources are being mobilized to contribute to the environmental studies which are expected to be finalized by the end of June 2023.

All of the TotalEnergies teams are working in collaboration with LPA to prepare the well in order to achieve the objective of TotalEnergies and its partner, ENI, to complete the drilling as soon as possible in 2023.

Russia: TotalEnergies has decided to withdraw itsdirectors from Novatek, will no longer equity account for its stake in Novatek and is expected to record a $3.7 billion (US) impairmentin Q4 2022

On December 9, 2022, further to TotalEnergies’ principles of conduct defined for its activities in relation to Russia, published on March 22, 2022, TotalEnergies has gradually started to withdraw from its Russian assets while ensuring that it continues to supply gas to Europe.

TotalEnergies holds a 19.4% stake in the company Novatek, a stake that it cannot sell given the prevailing shareholders’ agreements, as it is forbidden for TotalEnergies to sell any asset to one of Novatek's main shareholders who is under sanction.

In view of the European sanctions in force since the beginning of the war in Ukraine, the two directors representing TotalEnergies on the board of directors of Novatek have been led to abstain from voting in

meetings of the board of directors of this company, in particular on financial matters. They are therefore no longer in a position to fully carry out their duties on the board.

Given these circumstances, the Board of Directors of TotalEnergies has withdrawn its representatives from the board of PAO Novatek.

As a result, the criteria for significant influence no longer being met within the meaning of the accounting regulations that apply to TotalEnergies, TotalEnergies will no longer equity account for its 19.4% stake in Novatek in its accounts.

TotalEnergies is expected to record an impairment of approximately $3.7 billion in its accounts for the 4th quarter of 2022. In addition, TotalEnergies will no longer book reserves for its interest in Novatek, with an impact on TotalEnergies’ reported proved reserves at the end of 2021 of approximately 1.7 billion of barrels. However, the life duration of TotalEnergies’ proved reserves should remain above 11 years of production.

First Progress Report on TotalEnergies Foundation’sCall for Partners: 26 High Social Impact Projects Serving 55,000 Young People

On December 6, 2022, TotalEnergies announced that since 2020, TotalEnergies Foundation's annual call for partners has given new associations an opportunity to present their projects in the area of Education & Inclusion. In September 2022, nine associations were selected as partners. They are expected to benefit from support and financial backing. TotalEnergies has allocated a budget of €200 million to the TotalEnergies Foundation for 2023-2027, prioritizing projects focusing on assisting disadvantaged youth.

Three years after the first call for partners in France, TotalEnergies Foundation presented the initial results:

§	200 applications have been reviewed and 26 high social impact projects selected by the Foundation<br>benefiting almost 55,000 young people in extremely vulnerable situations.
§	The selected projects benefit from one to three years of financial backing, as well as assistance<br>from the TotalEnergies Foundation in developing their impact and ability to take action.
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§	The calls for partners have enhanced the Foundation’s contribution to projects to help youngpeople in disadvantaged neighborhoods and rural areas. TotalEnergies Foundation has also expanded its commitment to new, particularlyfragile populations, such as young people coming out of child protective services or prison, as well as incarcerated youth.
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§	In particular, the TotalEnergies Foundation targets solutions that bring jobs and education closertogether, as well as programs that get parents involved in their children's success. The leverage effect of these initiatives increases<br>their impact among young people.
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The next call for partners is expected to take place in the first quarter of 2023.

TotalEnergies and Air France-KLM signed a Memorandumof Understanding to supply sustainable aviation fuel for 10 years

On December 5, 2022, TotalEnergies and Air France-KLM signed a Memorandum of Understanding (MoU), which aims for the delivery of more than one million cubic metres/800,000 tonnes of Sustainable Aviation Fuel (SAF) by TotalEnergies to Air France-KLM Group airlines over the 10-year period from 2023.

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This sustainable aviation fuel is expected to be produced by TotalEnergies at its biorefineries. It will be made available to Air France-KLM Group’s airlines, mainly for flights departing from France (in accordance with French legislation) and the Netherlands.

The sustainable aviation fuels produced by TotalEnergies have the potential to reduce CO2 emissions by approximately 80% on average over the entire lifecycle, compared with their fossil fuel equivalent.

Air France-KLM has implemented a strict sourcing policy and is committed to purchasing only SAFs that do not compete with human food or animal feed, that are RSB (Roundtable on Sustainable Biomaterials) or ISCC (International Sustainability and Carbon Certification) certified for sustainability, and that are not derived from palm oil.

With the signing of this MoU, Air France-KLM and TotalEnergies confirm their collaboration and their goal of furthering the development of a more responsible aviation sector.

Kazakhstan: TotalEnergies Implements its EnergyTransition Strategy – TotalEnergies Sells its Interest in the Dunga Oil Field and Progresses Towards the Implementation of a 1 GWWind Energy Project

On December 1, 2022, TotalEnergies implemented its energy transition strategy in Kazakhstan with, on the one hand, the sale of its affiliate Total E&P Dunga GmbH and, on the other hand, the giant Mirny wind farm project that received the support of the French and Kazakh authorities on the occasion of the visit in France of the President of Kazakhstan, Kassym Jomart Tokayev.

On November 28, 2022, TotalEnergies signed an agreement for the sale of its affiliate Total E&P Dunga GmbH to the Kazakh company, Oriental Sunrise Corp Ltd, for $330 million. Total E&P Dunga GmbH holds a 60% operating interest in the onshore Dunga oil field in Kazakhstan, representing a net production of approximately 7,400 barrels of oil equivalent per day in 2022. The transaction is subject to the approval of the authorities of Kazakhstan and the waiver of the partners’ preemption rights.

TotalEnergies also strengthens its presence in renewable energy in the country. In addition to its two solar power plants in operation (with a capacity of 128 MW), Total Eren signed an agreement with its partners Samruk-Kazyna and KazMunayGas to develop the Mirny project, one of the largest wind energy projects initiated in Kazakhstan. This project is part of the intergovernmental agreement on the implementation of cooperation in the field of combating global warming, signed by France and Kazakhstan. The 200 wind turbines, totaling 1 GW of installed capacity, are expected to be combined with a 600 MWh battery storage system. The project aims to supply more than 1 million people in Kazakhstan with low-carbon electricity.

Circular Economy: TotalEnergies and Air Liquideinnovate to produce Renewable, Low Carbon Hydrogen at the Grandpuits Zero Crude Platform.

On November 22, 2022, TotalEnergies and Air Liquide announced that they are innovating to produce and valorize renewable, low carbon hydrogen at the Grandpuits zero crude platform. Under a long-term contract committing TotalEnergies to purchase the hydrogen produced for the needs of its platform, Air Liquide is expected to invest over €130 million in the construction and operation of a new unit producing hydrogen. This unit is expected to partly use biogas from the biorefinery built by TotalEnergies and is expected to be delivered with Air Liquide’s carbon capture technology Cryocap^TM^. These innovations aim to prevent emissions amounting to 150,000 tons of CO2 a year compared to current processes. TotalEnergies’ biorefinery is expected to use the unit’s hydrogen to produce sustainable aviation fuel.

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In line with the two companies’ shared ambition to get to net zero by 2050, the project includes the following innovations, expected to be sustainable and circular:

·	The new hydrogen production unit, with an estimated production capacity of over 20,000 tons a year,<br>is expected to produce hydrogen that is partly renewable, due to the recycling of residual biogas from the Grandpuits biorefinery, in<br>place of the natural gas that is normally used.
·	This unit is expected to be delivered with a carbon capture technology, potentially allowing it<br>to help reduce the platform’s carbon footprint, by capturing over 110,000 tons of CO2 a year for reuse in food and industrial applications.
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·	Most of the unit’s renewable, low carbon hydrogen is expected to be used by the biorefinery itself<br>to produce sustainable aviation fuel and potentially be used to support sustainable mobility in the Ile-de-France region.
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Libya: TotalEnergies Increases its Interestin the Waha Concessions

In November 2022, TotalEnergies completed the joint acquisition with ConocoPhillips of the 8.16% interest held by Hess in the Waha concessions, in Libya. As a result of this transaction, TotalEnergies’ interest in these concessions increased from 16.33% to 20.41%.

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This acquisition reflects TotalEnergies’ commitment to support Libya’s National Oil Corporation (NOC) in its efforts to restore and increase the country’s oil production, together with reducing gas flaring to increase supply to power plants for additional electricity supply. TotalEnergies and the NOC are also studying the development of dedicated solar projects to supply electricity to Waha production sites.

In parallel, and in an effort to increase the country’s renewable electricity supply, TotalEnergies has finalized with its partner Gecol the location and commercial terms to launch a 500 MWp solar plant project South of Misrata.

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Agreement on Maritime Border Line between Israeland Lebanon: TotalEnergies is expected to Launch Exploration Activities on Block 9

On November 15, 2022, TotalEnergies and its partner ENI signed with the State of Israel a Framework Agreement to implement the agreement on maritime boundary which was reached between Israel and Lebanon on October 27, 2022.

In Lebanon, TotalEnergies is the operator of the exploration Block 9 and holds a 60% interest, alongside its partner ENI (40%).

Following the signature of this Framework Agreement, the Block 9 partners are expected to initiate the exploration of an already identified prospect, which might extend both in Block 9 and into Israeli waters, south of the recently established Maritime Border Line.

Preparation of exploration activities is underway with the mobilization of the teams, the purchase of required equipment, and the procurement of a drilling rig.

Brazil: TotalEnergies Announces OilDiscovery in the Sépia Area

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On October 31, 2022**,** TotalEnergies announced an oil discovery by the Pedunculo well, located in the north-west of the Sépia oil field, approximately 250 km off the coast of Rio de Janeiro, Brazil.

This discovery lies within the Sépia Coparticipated Area, which covers the Sépia Transfer of Rights (ToR) contract (Petrobras, 100%) and the Sepia ToR Surplus Production Sharing Contract awarded in December 2021 to Petrobras (30%), TotalEnergies (28%), QatarEnergy (21%), and Petronas (21%), with Pre-Sal Petróleo S.A. (PPSA) as manager.

The Sépia Co-participated Area is operated by Petrobras, with a stake of 51.9%. TotalEnergies holds a 19.2% net interest, alongside QatarEnergy (14.4%) and Petronas (14.4%). The Sépia shared reservoir is currently producing 170,000 barrels of oil per day.

The well was drilled at a water depth of approximately 2,200 meters. The net thickness of the well’s oil column is one of the highest recorded in Brazil. Operations to characterize the reservoir and measure the extent of the discovery are ongoing.

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FORWARD-LOOKING STATEMENTS

This document may contain forward-looking statementswithin the meaning of the Private Securities Litigation Reform Act of 1995, notably with respect to the financial condition, results ofoperations, 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 zeroemissions). An ambition expresses an outcome desired by TotalEnergies, it being specified that the means to be deployed do not dependsolely on TotalEnergies. These forward-looking statements may generally be identified by the use of the future or conditional tense orforward-looking words such as “envisions”, “intends”, “anticipates”, “believes”, “considers”, “plans”, “expects”, “thinks”, “targets”, “aims” or similar terminology. Suchforward-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 the Group as of the date of this document.

These forward-looking statements are not historicaldata and should not be interpreted as assurances that the perspectives, objectives or goals announced will be achieved. They may proveto be inaccurate in the future, and may evolve or be modified with a significant difference between the actual results and those initiallyestimated, due to the uncertainties notably related to the economic, financial, competitive and regulatory environment, or due to theoccurrence of risk factors, such as, notably, the price fluctuations in crude oil and natural gas, the evolution of the demand and priceof petroleum products, the changes in production results and reserves estimates, the ability to achieve cost reductions and operatingefficiencies without unduly disrupting business operations, changes in laws and regulations including those related to the environmentand climate, currency fluctuations, as well as economic and political developments, changes in market conditions, loss of market shareand changes in consumer preferences, or pandemics such as the COVID-19 pandemic. Additionally, certain financial information is basedon estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto.

Except for its ongoing obligations to disclosematerial information as required by applicable securities laws, TotalEnergies does not have any intention or obligation to update forward-lookingstatements after the distribution of this document, even if new information, future events or other circumstances have made them incorrector misleading.

For additional factors, you should read theinformation set forth under “Item 3. -3.1 Risk Factors”, “Item 4. Information on the Company”, “Item 5.Operating and Financial Review and Prospects” and “Item 11. Quantitative and Qualitative Disclosures about Market Risk”in TotalEnergies’ Form 20-F for the year ended December 31, 2021.

Exhibit 99.3

CAPITALIZATIONAND INDEBTEDNESS OF TOTALENERGIES

(unaudited)

The following table sets out the unaudited consolidated capitalization and long-term indebtedness, as well as short-term indebtedness, of TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE (collectively, “TotalEnergies”) as of December 31, 2022, prepared on the basis of IFRS. Currency amounts are expressed in U.S. dollars (“dollars” or “$”) or in euros (“euros” or “€”).

	At December 31,
	2022
	(in millions of dollars)
Current financial debt, including current portion of non-current financial debt
Current<br> portion of non-current financial debt	6,471
Current<br> financial debt	9,031
Current<br> portion of financial instruments for interest rate swaps liabilities	262
Other<br> current financial instruments — liabilities	226
Financial<br> liabilities directly associated with assets held for sale	0
Total current financial debt	15,990
Non-current financial debt	45,264
Non-controlling interests	2,846
Shareholders’ equity
Common<br> shares	8,163
Paid-in<br> surplus and retained earnings	123,951
Currency<br> translation adjustment	(12,836)
Treasury<br> shares	(7,554)
Total shareholders’ equity — TotalEnergies share	111,724
Total capitalization and non-current indebtedness	159,834

As of December 31, 2022, TotalEnergies SE had an authorized share capital of 3,664,966,081 ordinary shares with a par value of €2.50 per share, and an issued share capital of 2,619,131,285 ordinary shares, of which 137,187,667 were treasury shares. For more information on the delegations of authority and powers granted to the Board of Directors with respect to share capital increases and authorization for share cancellation, see Exhibit 15.1 (section 4.4.2, chapter 4) to the Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 25, 2022.

As of December 31, 2022, approximately $8,329 million of TotalEnergies’ non-current financial debt was secured and $36,935 million was unsecured, and all of TotalEnergies’ current financial debt of $15,990 million was unsecured. As of December 31, 2022, TotalEnergies had no outstanding guarantees from third parties relating to its consolidated indebtedness.

For more information about TotalEnergies’ off-balance sheet commitments and contingencies, see Note 13.1 of the Notes to TotalEnergies’ audited Consolidated Financial Statements in its Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission on March 25, 2022.

Except as disclosed herein, there have been no material changes in the consolidated capitalization, indebtedness and contingent liabilities of TotalEnergies since December 31, 2022.