Dear Shareholders,

Over 90% of you supported the resolution presented to you at the 2021 Annual Shareholders Meeting on your company s ambition in terms of sustainable development and energy transition. The vast majority of you also approved its name change, thereby demonstrating your support for TotalEnergies strategy on the journey to Net Zero.

Though we were weathering the major Covid crisis, primarily a health, and then economic crisis, it did not slow down the process of our transformation into a broad energy company.

Our ambition is to be a major player in the energy transition and to become one of the five leading producers of renewable energies by 2030. We have the means to do it!

We will do so by drawing on our fundamentals: an organic cash breakeven under $25 per barrel, a robust balance sheet with the objective of anchoring gearing sustainability below 20% and an integrated model that enables us to be present across the entire energies value chain.

We can also draw on an investment policy consistent with our ambition: half of our investments are devoted to two growth drivers, renewable power and electricity on the one hand and liquefied natural gas on the other, and the other half is allocated to maintaining our traditional businesses in the oil and gas chain, and to maintaining existing assets and the development of projects to uphold current production levels.

We firmly believe that this strategy will be a source of long-term value creation for our shareholders.

At the end of 2020, the number of individual shareholders stood at 550,000, i.e. an additional 100,000 in one year. Your trust confirms our pledge to take action and validates our choices.

The Shareholder Relations team is available to provide assistance and advice. Please feel free to contact them. I hope you enjoy reading this first Shareholder s Guide from TotalEnergies!

Jean-Pierre Sbraire

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Shareholder s Guide I Issue 2021