Dear Shareholders,

Despite a less favorable climate than 2022,

our 2023 results reveal once again the relevance

of TotalEnergies’ balanced transition strategy.

For the second year in a row, our Company

is the most profitable major, with a return on

average capital employed (ROACE) of 19%

(1)

.

Built on two pillars—Oil & Gas, especially

liquefied natural gas, and electricity—this

strategy delivers both solid results and

an attractive shareholder return, as evidenced

by the total average shareholder return

of almost 10% over the last ten years,

among the top majors.

Today, we boast some 1,600,000 individual

shareholders, and your number is growing year

after year. We are bound by your trust in us,

which confirms the wisdom of the choices

we are making

This year, our Company is celebrating

its centenary. We would like to assure you that

we continue to be guided by the pioneering

spirit that has driven us since we took our first

steps in Iraq.

Shareholders, future shareholders, the whole

team in the Individual Shareholder Relations

Department is at your service. Please do not

hesitate to contact them or to come and meet

them at the meetings and events that take

place all year. You will find the calendar

in this Guide.

We hope you enjoy this 2024 issue of

the TotalEnergies’ Shareholder’s Guide.

© L u t t J u l i e n - C a p a - T o t a l E n e r g i e s

1 ROACE higher than Exxon Chevron Shell and BP

Jean-Pierre Sbraire