Page 1

e TotalEnergies Third quarter 2021 results TotalEnergies benefits from favorable environment leveraging leading position in LNG to generate $ 4.8 billion adjusted net income and $ 8.4 billion cash flow 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 $ ) 3Q21 73.5 9.1 20.5 4.8 1.76 11.2 8.4 5.6 Change vs 3Q20 + 71 % x2.5 ns x5.6 x6.1 x2.1 + 96 % + 30 % ( 1 ) Definition page 3 . ( 2 ) Excluding leases . PRESS RELEASE - in dollars per share Adjusted EBITDA ( 1 ) ( B $ ) DACF ( ¹ ) ( B $ ) Cash Flow from operations ( B $ ) Net income ( Total Energies share ) of 4.6 B $ in 3Q21 Net - debt - to - capital ratio ( 2 ) of 17.7 % at September 30 , 2021 vs. 18.5 % at June 30 , 2021 Third interim dividend set at 0.66 € / share 9M21 67.9 7.3 12.3 11.2 4.14 28.0 20.9 18.8 Change vs 9M20 + 65 % + 51 % -10 % x4.1 x4.3 + 76 % + 65 % x2.1 Paris , October 28 , 2021 - The Board of Directors of Total Energies SE , meeting on October 27 , 2021 , under the Chairmanship of Chief Executive Officer Patrick Pouyanné , approved the Company's third quarter 2021 accounts . On the occasion , Patrick Pouyanné said : " The global economic recovery , notably in Asia , drove all energy prices sharply higher in the third quarter due to the interconnection of energy systems . Gas prices in Asia and Europe , up more than 85 % from the previous quarter , reached unprecedented levels , and oil prices gained 7 % , continuing their steady year - long rise . TotalEnergies reported adjusted net income of $ 4.8 billion , up 38 % compared to the second quarter 2021 , fully benefiting from its multi - energy model , and , particularly this quarter , from its position as a world leader in LNG . The Company generated cash flow ( DACF ) of $ 8.4 billion , up nearly 25 % compared to the previous quarter , and adjusted EBITDA of $ 11.2 billion . The integrated Gas Renewables & Power ( IGRP ) segment generated adjusted net income of $ 1.6 billion and cash flow of $ 1.7 billion , both new record highs , thanks to an outperformance of its trading activities , which leveraged its integrated worldwide LNG portfolio . The renewables and electricity activities continued to grow , with gross renewable electricity generation capacity reaching nearly 10 GW , thanks mainly to the addition of 1 GW during the quarter from India . The number of electricity customers grew to six million . Exploration & Production , benefiting from a 2 % production increase during the quarter , thanks to the evolution of OPEC + quotas , and from higher Brent and natural gas prices , reported $ 2.7 billion of adjusted net operating income , up more than 20 % from the previous quarter , and cash flow of $ 4.9 billion . Downstream took advantage of petrochemical margins that remained high and of the improvement in refining margins in Europe , although impacted by the rise in energy costs . Marketing & Services confirmed its return to pre - crisis level results . The Downstream generated adjusted net operating income and cash flow that were up by approximately 10 % over the quarter to $ 1 billion and $ 1.6 billion , respectively . Maintaining discipline on investments , TotalEnergies reported net cash flow of $ 6.2 billion in the third quarter , covering the interim dividend of $ 2.1 billion and allowing it to continue to reduce its net debt , with gearing of 17.7 % as of September 30 , 2021. The return on equity was 12 % over the past twelve months . Strong cash generation from oil and gas makes it possible to invest in profitable growth projects in renewables & electricity , and thus to build a sustainable multi - energy company , combining energy transition and shareholder returns . The Board of Directors decided to distribute a third interim dividend for the 2021 financial year of € 0.66 / share and confirms the completion of $ 1.5 billion share repurchases in the fourth quarter 2021. " 1