Page 1

Te TotalEnergies Second quarter and first half 2021 results With adjusted results of $ 3.5 billion and EBITDA of $ 8.7 billion , Total Energies fully benefits from high hydrocarbon prices and allocates part of surplus revenues to share buybacks while continuing to grow renewables and electricity Oil price - Brent ( $ / b ) Average price of LNG ( $ / Mbtu ) Variable cost margin - Refining Europe , VCM ( $ / t ) Adjusted net income ( TotalEnergies share ) ( ¹ ) - in billions of dollars ( B $ ) - in dollars per share 2Q21 69.0 6.6 10.2 3.5 1.27 6.8 7.6 Change vs 2Q20 x2.3 + 50 % -29 % x27.5 x60.8 + 63 % x2.2 ( 1 ) Definition page 3 . ( 2 ) Excluding leases . PRESS RELEASE DACF ( ¹ ) ( B $ ) Cash Flow from operations ( B $ ) Net income ( Total Energies share ) of 2.2 B $ in 2Q21 Net - debt - to - capital ratio ( 2 ) of 18.5 % at June 30 , 2021 vs. 19.5 % at March 31 , 2021 Hydrocarbon production of 2,747 kboe / d in 2Q21 , a decrease of 3 % compared to 2Q20 Second interim dividend set at 0.66 € / share 1H21 65.0 6.3 7.6 6.5 2.38 12.5 13.1 Change vs 1H20 + 62 % + 17 % -64 % x3.4 x3.5 + 49 % x2.8 Paris , July 29 , 2021 - The Board of Directors of TotalEnergies SE , meeting on July 28 , 2021 , under the chairmanship of Chairman and Chief Executive Officer Patrick Pouyanné , approved the Company's second quarter 2021 accounts . On this occasion , Patrick Pouyanné said : " In the second quarter , thanks to the progressive recovery of global demand and OPEC + discipline , TotalEnergies benefited from oil and gas markets that were 13 % and 28 % higher respectively quarter to quarter . In this context , TotalEnergies reported $ 3.5 billion of adjusted net income , a 15 % increase compared to the first quarter 2021 and above the level of the pre - crisis second quarter 2019 which had a comparable oil price environment , notably thanks to the action plans implemented during the crisis . TotalEnergies generated cash flow ( DACF ) of $ 6.8 billion , an increase of more than $ 1 billion compared to the previous quarter , and , by maintaining investment discipline , generated net cash flow of $ 3.2 billion this quarter , which covered the interim dividend of $ 2.1 billion and allowed continued debt reduction , with gearing falling to 18.5 % , below the announced objective of 20 % . The organic cash breakeven was below $ 25 / b for the quarter . Given the strong second quarter results , the Board of Directors decided to distribute a second interim dividend for 2021 , stable at € 0.66 / share . In addition , given the high hydrocarbon prices and gearing below 20 % , in the respect of the strategy of TotalEnergies and consistent with the cash flow allocation scheme presented in February 2021 , the Board of Directors decided to allocate up to 40 % of the additional cash flow generated above $ 60 / b to share buybacks . The IGRP segment confirmed its first quarter performance with adjusted net income and cash flow of around $ 900 million . Growth in Renewables and Electricity continued with more than 500 MW of gross renewable power generation capacity commissioned in the quarter and the acquisition of a stake in a 640 MW offshore wind project under construction in Taiwan . Exploration and Production fully leveraged the higher Brent price and , despite lower production in the second quarter , mainly due to planned maintenance , reported increases of about 10 % over the previous quarter in adjusted net operating income and cash flow to $ 2.2 billion and $ 4.3 billion , respectively . Downstream delivered very good performance , thanks to the strength of its integrated model , which allowed it to benefit from very high margins in petrochemicals and the rebound of Marketing & Services results to pre - crisis results , despite depressed European refining margins . Downstream adjusted net operating income and cash flow increased by about 70 % to $ 900 million and $ 1.5 billion , respectively . " 1