Editorial Chief Financial Officer

Dear Shareholders,

From an economic standpoint, 2021 was marked by a rebound in activity spurred on by the global economic recovery. This sharp increase in activity was mirrored by an equally steep rise in the demand for energy. Oil prices therefore increased considerably in 2021 compared to 2020, with an average Brent price at $71 per barrel compared with $42 per barrel the previous year. Gas and electricity prices also rose significantly over the year, reaching extremely high levels in the fourth quarter in particular.

In this context, our multi-energy model proved its relevance and enabled us to capitalize on this highly favorable environment, in particular as regards Liquefied Natural Gas and electricity and, of course, oil, which is financing our transformation.

Given the high oil and gas prices, we reiterate the Company s priorities in terms of cash flow allocation:

Invest in profitable projects to implement the strategy to transform TotalEnergies into a sustainable multi-energy company.

Support dividends through economic cycles.

Maintain a solid balance sheet with a minimum long-term A rating, by anchoring the net debt- to-capital ratio sustainably below 20%.

Allocate a share of surplus cash flow from high hydrocarbon prices to share buybacks.

We firmly believe that the Company s strategy and fundamentals are sources of value creation for our 1,300,000 individual shareholders.

Moreover, more and more of you are placing your trust in us, and we thank you for your continued loyalty.

Once again this year, you showed your support for TotalEnergies strategy, by approving with 89% of the votes at the Annual Shareholders Meeting on May 25, 2022, the Sustainability & Climate - Progress Report 2022, setting out the progress made in the implementation of the Company s ambition with respect to sustainable development and the energy transition toward carbon neutrality as well as its objectives in this respect for 2030, and expanding this ambition.

The Shareholder relations team is available to provide assistance and advice. Please feel free to contact them.

I hope you enjoy reading the 2022 edition of the TotalEnergies Shareholder s Guide.

Jean-Pierre Sbraire

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MAGENTA YELLOWCYAN

30-34 Rue du Chemin Vert 75011 Paris +33 (0)1 85 56 97 00 www.carrenoir.com

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Date : 26/05/2021

Shareholder s Guide I Issue 2022