Earnings release
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PRESS RELEASE Third quarter 2026 results TotalEnergies is leveraging once again its integrated business model and geographic diversification to post adjusted net income of $9.1 billion and cash flow of $12.3 billion, a sharp increase quarter-to-quarter • Gearing reached below 10% by the end of the third quarter 2026 • New capital increase reserved for employees at a 20% discount on the share price • Interim dividend maintained at €0.90/share • $2.5 billion share buybacks in 4th quarter 2026 and in 1st quarter 2027 1 Paris, October 29, 2026 – The Board of Directors of TotalEnergies SE, chaired by CEO Patrick Pouyanné, met on October 28 , 202 6, to approve the 3rd quarter 202 6 financial statements. On the occasion, Patrick Pouyanné said: “In a high-price environment characterized by historic refining margin levels and a bull gas market, TotalEnergies is once again fully leveraging its integrated business model and its geographic diversification by posting an adjusted net income of $9.1 billion and cash flow of $12.3 billion for the third quarter, a sharp increase quarter-to-quarter. Oil & Gas production reached 2.474 Mboe/d in the third quarter, up more than 3% quarter-to-quarter, notably benefiting from a lower impact of the Middle East conflict, limited to only around 5% of the Company’s overall production over the quarter on average. Excluding the Middle East impact, production growth exceeds 4% year-on-year, supported by the ramp-up of projects launched since 2025. Furthermore, with the investment decisions taken this quarter for Cronos in Cyprus, Ima in Nigeria, Umm Shaif Gas Cap in the United Arab Emirates and Absheron Ph2 in Azerbaijan, all the projects contributing to achieving the production growth target of more than 3% per year by 2030 are now in execution phase. Exploration and Production posted adjusted net operating income of $3.2 billion and cash flow of $5.4 billion, reflecting production growth, sensitivity to declining oil prices and rising gas prices quarter-to-quarter. The Company completed its entry into PEL83 license holding the Mopane discovery and took part in three exploration discoveries in Norway (Grimsnes) and in Angola (Block 0 and Block 17 – Violeta 4). TotalEnergies once again demonstrates its leadership to control costs, with operating costs of $4.7/boe, anchored below $5/boe. The Integrated LNG segment achieved adjusted net operating income of $1.9 billion and cash flow of $1.7 billion in the third quarter of 2026, a very sharp increase quarter-to-quarter, underpinned by a 20% increase in average LNG price and the outperformance of LNG and gas trading activities in a bull market. (1) Refer to Glossary pages 23 & 24 for the definitions and further information on alternative performance measures (Non -GAAP measures) and to page 19 and following for reconciliation tables. 3Q26 2Q26 Change vs 2Q26 9M26 Change vs 9M25 Cash flow from operations excluding working capital (CFFO)(1) (B$) 12.3 9.8 +25% 30.6 +48% Adjusted net income (TotalEnergies share)(1) - in billions of dollars (B$) 9.1 6.0 +51% 20.5 +75% - in dollars per share (fully-diluted) 4.03 2.68 +51% 9.19 +78% Net income (TotalEnergies share) (B$) 8.3 5.4 +52% 19.5 +91% Adjusted EBITDA(1) (B$) 17.8 13.2 +35% 43.5 +43% Gearing(1) of 9.1% at September 30, 2026 vs. 13.1% at June 30, 2026 1
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Downstream achieved a record quarter with adjusted net operating income of $4.1 billion and cash flow of $4.6 billion, up close to $2 billion compared to the previous quarter. The increase of nearly 10% refining throughput enabled the Company to fully capture historically high refining margins in Europe and worldwide, while oil trading activities outperformed at a level comparable with the two previous quarters. In this context of rising prices, the Company contributes to the security of supply for Europe by maximizing the use of its refineries and participating in diesel imports from the Middle East. TotalEnergies also announced enhanced protective measures for French consumers and economic players to face increasing diesel prices related to the Middle East conflict. Integrated Power posted adjusted net operating income of $0.6 billion and cash flow of nearly $0.8 billion, benefiting from an increase of more than 20% in net production in the quarter and the expected contribution from TTEP assets over a full quarter. Net investments amounted to $3.3 billion in the third quarter and $11.2 billion in the first nine months of 2026, in line with the annual guidance of $15 billion. The gearing ratio now stands at 9.1%, an improvement of 4 percentage points compared to the second quarter, benefiting from free cash flow of more than $6 billion after payment of the dividend. The Board of Directors commended the very good operational performance of all business segments which enabled the Company to capture higher market prices. It authorized a new capital increase reserved for employees, who will benefit from a 20% discount on the share price. In line with the objective to return 40% of cash flow to shareholders, the Board confirmed a third interim dividend of €0.90/share for fiscal year 2026, up 5.9% compared to 2025, and it authorized share buybacks for cancellation of $2.5 billion for the fourth quarter as well as for the first quarter 2027.” 2
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1. Highlights (2)* Upstream • Namibia: closing of the transaction with Galp for the acquisition by TotalEnergies of a 40% operated interest in the PEL83 license, holding the Mopane discovery • US: acquisition of a 25% interest in a portfolio of 26 exploration licenses in the US • Angola: • Fast track start-up of Acacia-5 discovery on Block 17 • Acquisition of a 40% operated interest in two exploration Blocks • Azerbaijan: Final Investment Decision for Absheron Ph2 • United Arab Emirates: Final Investment Decisi on on the Umm Shaif Gas Cap project, targeting over 600 MMscf/d of gas production by 2030 and the monetization of associated condensates • Nigeria: divestment of a 10% non-operated interest in the Renaissance JV to Vaaris • Africa: signature of an agreement with Global Infrastructure Partners (GIP), relating to energy infrastructure assets in Africa, for $1.8 billion • Signature of a 3 -year partnership with Mistral for the development of frontier AI models dedicated to exploration and reservoir engineering Integrated LNG • Papua New Guinea: establishment of a LNG marketing joint venture (JV) with the national oil company Kumul Petroleum for 2.4 Mt/year of LNG and signature of an LNG offtake agreement of 1.5 Mt/year • Cyprus: Final Investment Decision on the Cronos gas field, for production start-up in 2028 • Nigeria: Final Investment Decision on the Ima gas field to supply Nigeria LNG plant starting in 2028 Integrated Power • Europe: • Acquisition of a 4 GW portfolio of onshore renewable assets from Shell • Sale to KKR of a 50% stake in a 1.2 GW portfolio of developed assets • United States: addition by TotalEnergies of a 700 MW renewables portfolio to the 50/50 JV with KKR Downstream • France: acquisition of all remaining interests in the Grandpuits chemical plastic recycling plant (2) Some of the transactions mentioned in the highlights remain subject to the agreement of the authorities or to the fulfilment of conditions precedent under the terms of the agreements 3
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2. Key figures from TotalEnergies’ consolidated financial statements (1) * (3) Effective tax rate = (tax on adjusted net operating income) / (adjusted net operating income – income from equity affiliates – dividends received from investments – impairment of goodwill + tax on adjusted net operating income). (4) In accordance with IFRS rules, adjusted fully diluted earnings per share corresponds to the ratio between the adjusted net income (TotalEnergies’ share), reduced by the coupon on perpetual subordinated notes and the weighted average diluted number of shares outstanding during th e period, excluding shares held by TotalEnergies SE. (5) Average €-$ exchange rate: 1.1505 in the 3rd quarter 2026, 1.1629 in the 2nd quarter 2026, 1.1681 in the 3rd quarter 2025, 1.1610 in the first nine months of 2026 and 1.1188 in the first nine months of 2025. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars, except effective tax rate, earnings per share and number of shares 9M26 9M25 9M26 vs 9M25 17,809 13,179 +35% 10,295 Adjusted EBITDA (1) 43,540 30,489 +43% 9,712 6,871 +41% 4,659 Adjusted net operating income from business segments 22,883 13,841 +65% 3,157 3,231 -2% 2,169 Exploration & Production 8,964 6,594 +36% 1,885 807 x2.3 852 Integrated LNG 4,010 3,187 +26% 602 533 +13% 571 Integrated Power 1,680 1,651 +2% 3,601 1,800 x2 687 Refining & Chemicals 7,000 1,377 x5.1 467 500 -7% 380 Marketing & Services 1,229 1,032 +19% 1,358 1,156 +17% 692 Contribution of equity affiliates to adjusted net income 3,223 2,109 +53% 37.0% 39.3% 37.7% Effective tax rate (3) 38.3% 40.2% 9,097 6,027 +51% 3,980 Adjusted net income (TotalEnergies share) (1) 20,518 11,750 +75% 4.03 2.68 +51% 1.77 Adjusted fully-diluted earnings per share (dollars) (4) 9.19 5.17 +78% 3.50 2.31 +52% 1.50 Adjusted fully-diluted earnings per share (euros) (5) 7.91 4.62 +71% 2,234 2,216 +1% 2,200 Fully-diluted weighted-average shares (millions) 2,202 2,225 -1% 8,263 5,438 +52% 3,683 Net income (TotalEnergies share) 19,511 10,221 +91% 4,789 4,694 +2% 3,473 Organic investments (1) 14,133 12,794 +10% (1,510) (1,247) ns (381) Acquisitions net of assets sales (1) (2,929) 1,851 ns 3,279 3,447 -5% 3,092 Net investments (1) 11,204 14,645 -23% 12,255 9,804 +25% 7,061 Cash flow from operations excluding working capital (CFFO) (1) 30,635 20,671 +48% 12,634 10,188 +24% 7,443 Debt Adjusted Cash Flow (DACF) (1) 31,801 21,663 +47% 15,390 10,858 +42% 8,349 Cash flow from operating activities 29,609 16,872 +75% Gearing (1) of 9.1% at September 30, 2026 vs. 13.1% at June 30, 2026 and 17.3% at September 30, 2025 4
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3. Key figures of environment, greenhouse gas emissions and production 3.1 Environment – liquids and gas price realizations, refining margins * 3.2 Greenhouse gas emissions (11) Estimated quarterly emissions. For the first nine months of 2026, Scope 3(13) Category 11 emissions are estimated at 243 Mt CO2e. (6) Does not include oil, gas and LNG trading activities, respectively. (7) Sales in $ / Sales in volume for consolidated affiliates. (8) Sales in $ / Sales in volume for consolidated affiliates. (9) Sales in $ / Sales in volume for consolidated and equity affiliates. (10) This market indicator for European refining, calculated based on public market prices ($/ b), uses a basket of crudes, petroleum product yields and variable costs representative of the European refining system of TotalEnergies. (11) The seven greenhouse gases in the Kyoto protocol, namely CO2, CH4, N2O, HFCs, PFCs, SF6 and NF3, with their respective 100-year time horizon GWP (Global Warming Potential) as described in the most recent IPCC report. HFCs, PFCs, SF 6 and NF3 are virtually absent from the Company’s emissions and are not accounted for by the Company. (12) Scope 1+2 GHG emissions are defined as the sum of direct emissions of GHG from sites or activities that are included in the s cope of reporting for climate change-related indicators and indirect emissions resulting from the production of electricity, steam, heat or cooling, purchased or acquired, and consumed by the sites or activities included in the scope of reporting for climate change -related indicators, net from potential energy sales, excluding purchased industrial gases (H 2). If not stated otherwise, TotalEnergies reports Scope 2 GHG emissions according to the market -based method defined by the GHG Protocol. (13) If not stated otherwise, TotalEnergies reports Scope 3 GHG emissions, category 11, which correspond to indirect GHG emissions related to the direct use phase emissions of sold products over their expected lifetime (i.e., the scope 1 and scope 2 emissions o f end users that occur from the combustion of fuels) in accordance with the definition of the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Stan dard Supplement. The Company follows the oil & gas industry reporting guidelines published by IPIECA, which comply with the GHG Protocol methodologies. In order to avoid double counting, this methodology accounts for the largest volume in the oil and gas value chains, i.e. the higher of the two production volumes or sales for end use. The highest point for each value chain for the year 2026 will be determined with regard to the achievement over the whole yea r, with TotalEnergies providing estimates as the quarters progress. A stoichiometric emission factor (oxidation of molecules to carbon dioxide) is applied to these sales or production to obtain an emission volume. In accordance with the Technical Guidance for Calculating Scope 3 Emi ssions Supplement to the Corporate Value Chain (Scope 3) Accounting and Reporting Standard which defines end users as both consumers and business customers that use final products, and with IPIECA’s Estimating petroleum industry value chain (Scope 3) greenhouse gas emissions guidelines, un der which reporting of emissions from fuel purchased for resale to non -end users (e.g. traded) is optional, TotalEnergies does not report emissions associated with trading activities. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 9M26 9M25 9M26 vs 9M25 97.0 103.8 -7% 69.1 Brent ($/b) 93.9 70.9 +32% 2.9 2.9 -2% 3.1 Henry Hub ($/Mbtu) 3.1 3.5 -11% 21.5 15.6 +38% 11.3 TTF ($/Mbtu) 17.0 12.5 +36% 22.8 17.5 +31% 11.7 JKM ($/Mbtu) 18.2 12.7 +44% 87.1 91.6 -5% 66.5 Average price of liquids (6),(7) ($/b) Consolidated subsidiaries 83.9 67.9 +23% 7.00 5.55 +26% 5.50 Average price of gas (6),(8) ($/Mbtu) Consolidated subsidiaries 6.04 5.92 +2% 12.28 10.20 +20% 8.91 Average price of LNG (6),(9) ($/Mbtu) Consolidated subsidiaries and equity affiliates 10.18 9.36 +9% 33.2 13.5 x2.5 8.4 European Refining Margin Marker (ERM) (6),(10) ($/b) 19.4 5.7 x3.4 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Scope 1+2 emissions (12) (MtCO2e) 9M26 9M25 9M26 vs 9M25 8.5 7.3 +16% 8.4 Scope 1+2 from operated perimeter (1) 23.6 24.8 -5% 6.9 6.4 +8% 7.1 of which Oil & Gas 20.2 21.4 -6% 1.6 0.9 +78% 1.3 of which CCGT 3.4 3.4 - 11.7 10.2 +15% 11.0 Scope 1+2 - ESRS perimeter (1) 32.3 32.7 -1% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Methane emissions (ktCH4) 9M26 9M25 9M26 vs 9M25 4 4 - 5 Methane emissions from operated perimeter (1) 12 17 -29% 5
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3.3 Production (14)* Hydrocarbon production was 2,474 thousand barrels of oil equivalent per day in the third quarter of 2026, up more than 3% compared to the second quarter, benefiting from a gradual return-to-normal oil production in the Middle East. Hydrocarbon production is down 1% year-on-year primarily due to: • +4% from project start ‑ups and project ramp-ups, notably Mero‑4 and Lapa SW in Brazil, Anchor and Ballymore in the United States, Begonia and Clov Phase 3 in Angola , Mabruk in Libya and Ratawi in Iraq, • +2% due to improved plant availability, • -2% due to the natural decline of fields, • -5% due to the impact of the conflict in the Middle East. Excluding the impact of the conflict in the Middle East, production would be up by more than 4% year-on-year. (14) Company production = E&P production + Integrated LNG production. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Hydrocarbon production 9M26 9M25 9M26 vs 9M25 2,474 2,395 +3% 2,508 Hydrocarbon production (kboe/d) 2,474 2,523 -2% 1,400 1,298 +8% 1,407 Oil (including bitumen) (kb/d) 1,342 1,369 -2% 1,074 1,097 -2% 1,101 Gas (including condensates and associated NGL) (kboe/d) 1,132 1,154 -2% 2,474 2,395 +3% 2,508 Hydrocarbon production (kboe/d) 2,474 2,523 -2% 1,510 1,410 +7% 1,553 Liquids (kb/d) 1,467 1,525 -4% 5,209 5,330 -2% 5,182 Gas (Mcf/d) 5,444 5,409 +1% 6
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4. Analysis of business segments 4.1 Exploration & Production 4.1.1 Production 4.1.2 Results * Adjusted net operating income and cash flow from operations excluding working capital (CFFO) were $3,157 million and $5,389 million, respectively, reflecting production growth and sensitivities to declining oil prices and rising gas prices quarter-to-quarter. (15) Effective tax rate = (tax on adjusted net operating income) / (adjusted net operating income – income from equity affiliates – dividends received from investments – impairment of goodwill + tax on adjusted net operating income). 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Hydrocarbon production 9M26 9M25 9M26 vs 9M25 1,963 1,845 +6% 2,026 EP (kboe/d) 1,918 1,986 -3% 1,446 1,342 +8% 1,501 Liquids (kb/d) 1,399 1,460 -4% 2,739 2,668 +3% 2,782 Gas (Mcf/d) 2,756 2,799 -2% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars, except effective tax rate 9M26 9M25 9M26 vs 9M25 3,157 3,231 -2% 2,169 Adjusted net operating income 8,964 6,594 +36% 263 137 +92% 177 including adjusted income from equity affiliates 539 503 +7% 49.2% 45.4% 48.5% Effective tax rate (15) 48.0% 49.4% 2,921 2,231 +31% 1,922 Organic investments (1) 7,876 7,659 +3% (321) (348) ns (53) Acquisitions net of assets sales (1) (896) 225 ns 2,600 1,883 +38% 1,869 Net investments (1) 6,980 7,884 -11% 5,389 5,777 -7% 3,984 Cash flow from operations excluding working capital (CFFO) (1) 15,730 12,035 +31% 4,905 5,546 -12% 4,187 Cash flow from operating activities 13,420 11,128 +21% 7
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4.2 Integrated LNG 4.2.1 Production * The Company’s equity production may be sold by TotalEnergies or by the joint ventures. Hydrocarbon production for LNG decreased by 7% quarter-to-quarter, mainly due to planned maintenance, notably on Angola LNG and Ichthys LNG. 4.2.2 Results * Sales in $ / Sales in volume for consolidated and equity affiliates. Does not include LNG trading activities. Adjusted net operating income and cash flow from operations excluding working capital (CFFO) for the Integrated LNG segment were $1,885 million and $1,724 million, respectively, underpinned by a 20% increase of average LNG price and the outperformance of LNG and gas trading activities in a bull market, given the ongoing conflict in the Strait of Hormuz and the seasonality of demand. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Hydrocarbon production for LNG 9M26 9M25 9M26 vs 9M25 511 550 -7% 482 Integrated LNG (kboe/d) 556 537 +4% 64 68 -6% 52 Liquids (kb/d) 68 65 +6% 2,470 2,662 -7% 2,400 Gas (Mcf/d) 2,688 2,610 +3% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Liquefied Natural Gas in Mt 9M26 9M25 9M26 vs 9M25 9.8 10.7 -9% 10.4 Overall LNG sales 32.9 31.6 +4% 3.5 3.9 -9% 3.4 incl. Sales from equity production * 11.5 11.2 +2% 9.4 9.8 -4% 9.2 incl. Sales by TotalEnergies from equity production and third party purchases 30.1 28.0 +8% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars, except the average price of LNG 9M26 9M25 9M26 vs 9M25 12.28 10.20 +20% 8.91 Average price of LNG ($/Mbtu) * Consolidated subsidiaries and equity affiliates 10.18 9.36 +9% 1,885 807 x2.3 852 Adjusted net operating income 4,010 3,187 +26% 574 705 -19% 423 including adjusted income from equity affiliates 1,710 1,471 +16% 328 908 -64% 330 Organic investments (1) 1,646 1,825 -10% (1,162) 4 ns (134) Acquisitions net of assets sales (1) (1,066) 116 ns (834) 912 ns 196 Net investments (1) 580 1,941 -70% 1,724 833 x2.1 1,134 Cash flow from operations excluding working capital (CFFO) (1) 4,342 3,542 +23% 1,213 2,137 -43% 789 Cash flow from operating activities 2,230 3,071 -27% 8
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4.3 Integrated Power 4.3.1 Productions, capacities, clients and sales * Solar, wind, hydroelectric and gas flexible capacities. ** End of period data. *** Includes 17.25% of Adani Green Energy Ltd’s gross capacity, 50% of Clearway Energy Group’s gross capacity and 49% of Casa dos Ventos’ gross capacity. Net power production was 44.3 TWh over the first nine months of 2026, up 25% year-on-year and in line with the objective of 60 TWh in 2026. This reflects the growth of the integrated power generation portfolio, notably driven by the commissioning of new renewable capacit ies and the contribution of TTEP’s assets in line with expectations. 4.3.2 Results Integrated Power segment adjusted net operating income and cash flow from operations excluding working capital (CFFO) were $602 million and $774 million, respectively, in the quarter, sustained by the contribution of TTEP over a full quarter. This consists of production activities (including renewables and gas -fired power plants) for around 55%, and marketing activities (including B2B, B2C and trading), for around 45%. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Integrated Power 9M26 9M25 9M26 vs 9M25 17.9 14.8 +21% 12.6 Net power production (TWh) * 44.3 35.5 +25% 9.6 9.6 - 8.2 o/w production from renewables 27.3 23.3 +17% 8.3 5.2 +61% 4.5 o/w production from gas flexible capacities 17.0 12.2 +39% 33.8 33.4 +1% 25.2 Portfolio of power generation net installed capacity (GW) ** 33.8 25.2 +34% 21.5 21.1 +2% 18.7 o/w renewables 21.5 18.7 +15% 12.3 12.2 +1% 6.5 o/w gas flexible capacities 12.3 6.5 +88% 105.9 105.8 - 106.0 Portfolio of renewable power generation gross capacity (GW) **,*** 105.9 106.0 - 37.9 37.4 +1% 32.3 o/w installed capacity 37.9 32.3 +17% 6.2 6.1 +1% 6.0 Clients power - BtB and BtC (Million) ** 6.2 6.0 +3% 2.7 2.7 -1% 2.7 Clients gas - BtB and BtC (Million) ** 2.7 2.7 -1% 11.9 11.6 +3% 10.6 Sales power - BtB and BtC (TWh) 38.7 35.6 +9% 10.6 14.5 -27% 11.6 Sales gas - BtB and BtC (TWh) 56.6 62.2 -9% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars 9M26 9M25 9M26 vs 9M25 602 533 +13% 571 Adjusted net operating income 1,680 1,651 +2% 142 168 -15% 48 including adjusted income from equity affiliates 362 114 x3.2 1,135 920 +23% 596 Organic investments (1) 2,878 1,663 +73% (25) (749) ns (147) Acquisitions net of assets sales (1) (851) 1,658 ns 1,110 171 x6.5 449 Net investments (1) 2,027 3,321 -39% 774 721 +7% 611 Cash flow from operations excluding working capital (CFFO) (1) 2,069 1,770 +17% 1,636 (239) ns 674 Cash flow from operating activities 1,252 1,074 +17% 9
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4.4 Downstream (Refining & Chemicals and Marketing & Services) 4.4.1 Results 4.5 Refining & Chemicals 4.5.1 Refinery and petrochemicals throughput and utilization rates * Based on distillation capacity at the beginning of the year * Olefins. ** Based on olefins production from steam crackers and their treatment capacity at the start of the year. Refinery throughput was up nearly 10% over the quarter, underpinned by all refineries well-functioning in Europe and United States (Port Arthur), and the progressive return of the SATORP refinery in Saudi Arabia to its nominal capacity. 4.5.2 Results * This market indicator for European refining, calculated based on public market prices ($/ b), uses a basket of crudes, petroleum product yields and variable costs representative of the European refining system of TotalEnergies. Does not include oil trading activities. Refining and Chemicals adjusted net operating income and cash flow from operations excluding working capital (CFFO) were $3,601 million and $3, 943 million, demonstrating the segment’s ability to capture historically high refining margins in Europe and worldwid e, while oil trading activities continue to outperform on a level consistent with the previous two quarters. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars 9M26 9M25 9M26 vs 9M25 4,068 2,300 +77% 1,067 Adjusted net operating income 8,229 2,409 x3.4 319 540 -41% 590 Organic investments (1) 1,513 1,508 - (4) (156) ns (45) Acquisitions net of assets sales (1) (121) (147) ns 315 384 -18% 545 Net investments (1) 1,392 1,361 +2% 4,622 2,877 +61% 1,653 Cash flow from operations excluding working capital (CFFO) (1) 9,635 4,253 x2.3 7,912 4,114 +92% 3,126 Cash flow from operating activities 14,658 3,226 x4.5 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Refinery throughput and utilization rate 9M26 9M25 9M26 vs 9M25 1,555 1,426 +9% 1,478 Total refinery throughput (kb/d) 1,535 1,538 - 426 354 +21% 481 France 414 460 -10% 688 684 +1% 595 Rest of Europe 683 618 +11% 441 389 +13% 402 Rest of world 438 461 -5% 88% 80% 84% Utilization rate based on crude only* 86% 87% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Petrochemicals production and utilization rate 9M26 9M25 9M26 vs 9M25 1,165 1,100 +6% 1,326 Monomers* (kt) 3,448 3,740 -8% 1,152 1,165 -1% 1,174 Polymers (kt) 3,476 3,474 - 75% 71% 84% Steam cracker utilization rate** 73% 79% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars, except ERM 9M26 9M25 9M26 vs 9M25 33.2 13.5 x2.5 8.4 European Refining Margin Marker (ERM) ($/b) * 19.4 5.7 x3.4 3,601 1,800 x2 687 Adjusted net operating income 7,000 1,377 x5.1 150 366 -59% 387 Organic investments (1) 1,034 956 +8% (1) (1) ns (2) Acquisitions net of assets sales (1) 73 (26) ns 149 365 -59% 385 Net investments (1) 1,107 930 +19% 3,943 2,030 +94% 1,015 Cash flow from operations excluding working capital (CFFO) (1) 7,689 2,420 x3.2 6,290 3,565 +76% 2,839 Cash flow from operating activities 11,419 1,743 x6.6 10
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4.6 Marketing & Services 4.6.1 Petroleum product sales * Excludes trading and bulk refining sales. Sales of petroleum products were down 4% compared to the third quarter of 2025, reflecting demand elasticity in a high price environment. 4.6.2 Results Marketing & Services segment adjusted net operating income was $467 million in the quarter, up 23% year- on-year, with higher unit margins that more than offset lower volumes. Cash flow from operations excluding working capital (CFFO) amounted to $679 million in the third quarter of 2026, up 6% year-on-year for the same reasons. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Sales in kb/d* 9M26 9M25 9M26 vs 9M25 1,218 1,213 - 1,269 Total Marketing & Services sales 1,221 1,286 -5% 711 732 -3% 744 Europe 719 749 -4% 507 481 +5% 525 Rest of world 502 537 -6% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars 9M26 9M25 9M26 vs 9M25 467 500 -7% 380 Adjusted net operating income 1,229 1,032 +19% 169 174 -3% 203 Organic investments (1) 479 552 -13% (3) (155) ns (43) Acquisitions net of assets sales (1) (194) (121) ns 166 19 x8.7 160 Net investments (1) 285 431 -34% 679 847 -20% 638 Cash flow from operations excluding working capital (CFFO) (1) 1,946 1,833 +6% 1,622 549 x3 287 Cash flow from operating activities 3,239 1,483 x2.2 11
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5. TotalEnergies results 5.1 Adjusted net operating income from business segments Segment adjusted net operating income was $9,712 million in the third quarter of 2026, compared to $6,871 million in the second quarter of 2026, due to increased production , higher refining margins in Europe and worldwide, higher gas prices and significant performance of LNG and gas trading activities. 5.2 Adjusted net income (1) (TotalEnergies share) Adjusted net income (TotalEnergies share) was $9,097 million in the third quarter of 2026, compared with $6,027 million in the second quarter. Adjusted net income excludes the after ‑tax inventory effect, non ‑recurring items, and effects of changes in fair‑value. Adjusting items to net income totaled ($0.8) billion in the third quarter, consisting mainly of: • $1.5 billion in changes in inventories and fair value effects, • ($1.9) billion in impairments, in particular for the offshore wind activity within the Integrated Power segment and for the participation of TotalEnergies in Hanwha TotalEnergies Petrochemical Co., Ltd. TotalEnergies’ average tax rate was 37.0% in the third quarter versus 39.3% in the second quarter of 2026. 5.3 Adjusted earnings per share Adjusted diluted net earnings per share were as follows: • $4.03 in the third quarter of 2026, based on a diluted weighted average number of shares of 2,234 million, compared with $2.68 in the second quarter of 2026, • $9.19 in the first nine months of 2026, based on diluted weighted average number of shares of 2,202 million, compared with $5.17 a year ago. As of September 30, 2026, the number of diluted shares was 2,232 million. TotalEnergies repurchased* the following: • 17.5 million shares in the third quarter of 2026, for an amount of $1.5 billion, • 43.8 million shares in the first nine months of 2026, for an amount of $3.74 billion. * 5.4 Acquisitions – asset sales Acquisitions amounted to $240 million in the third quarter of 2026, primarily related to the entry in the Bab Gas Cap concession in the United Arab Emirates. Divestments amounted to $1,750 million in the third quarter of 2026, mainly reflecting the agreement with Global Infrastructure Partners (GIP) on some African energy infrastructure assets. 5.5 Net cash flow (1) TotalEnergies’ net cash flow was $8,976 million in the third quarter of 2026, compared to $6,357 million in the previous quarter, considering the $2,451 million increase in cash flow from operations excluding working capital (CFFO), combined with a $168 million reduction in net investments over the quarter. Cash flow from operating activities was $15,390 million in the third quarter of 202 6, for a cash flow from operations excluding working capital (CFFO) of $12,255 million, positively impacted by a $3.1 billion decrease in working capital, driven notably by an increase in suppliers’ payables related to the increase of shipping costs and the increase in tax liabilities related to higher prices. * Net of fees and taxes, including coverage of employees share grant plans. 12
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5.6 Profitability Return on equity was 19.6% for the twelve months ending on September 30, 2026. Return on average capital employed (1) was 17.4% for the twelve months ending on September 30, 2026. 6. TotalEnergies SE statutory accounts Net income for TotalEnergies SE, the parent company, was €2,728 million in the third quarter of 2026 compared to €3,618 million in the second quarter of 2026. 7. Annual 2026 Sensitivities (16) (16) Sensitivities are revised once per year upon publication of the previous year’s fourth quarter results. Sensitivities are est imates based on assumptions about TotalEnergies’ portfolio in 202 6. Actual results could vary significantly from estimates based on the application of these sensitivities. The impact of the $-€ sensitivity on adjusted net operating income is essentially attributable to Refining & Chemicals. (17) In a 60-70 $/b Brent environment. Adjusted net income (1) Average adjusted shareholders' equity Return on equity (ROE) 19.6% 15.9% 14.2% In millions of dollars October 1, 2025 July 1, 2025 October 1, 2024 September 30, 2025September 30, 2026 June 30, 2026 16,431 116,051 24,581 19,477 125,107 122,739 Adjusted net operating income (1) Average capital employed (1) ROACE (1) 153,100 155,138 146,636 17.4% 13.9% 12.4% 26,646 21,608 18,204 In millions of dollars October 1, 2025 July 1, 2025 October 1, 2024 September 30, 2026 June 30, 2026 September 30, 2025 Change Estimated impact on adjusted net operating income Estimated impact on cash flow from operations Dollar +/- 0.1 $ per € -/+ 0.1 B$ ~0 B$ Average liquids price (17) +/- 10 $/b +/- 2.3 B$ +/- 2.8 B$ European gas price - TTF +/- 2 $/Mbtu +/- 0.4 B$ +/- 0.4 B$ European Refining Margin Marker (ERM) +/- 1 $/b +/- 0.3 B$ +/- 0.4 B$ 13
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8. Outlook At the beginning of the fourth quarter, oil prices remain above $100/b, reflecting lasting tensions in the Middle East. In petroleum products markets, the situation is highly volatile, impacted by supply disruptions from the Gulf and global inventories at their lowest levels. Forward European gas prices remain on a bull trend in anticipation of the winter demand given the ongoing conflict in the Middle East. With the evolution of oil and gas prices in recent months and the lag effect on pricing formulas, TotalEnergies anticipates an increasing average LNG selling price of above $14/Mbtu for the fourth quarter of 2026. Excluding the impact of the conflict in the Middle East, fourth -quarter production is expected to grow by more than 3% compared to fourth quarter 2025, in line with the annual growth guidance. The impact of the conflict on production is currently decreasing compared to the third quarter and represents less than 5% of the Company’s total production, primarily related to limited exports of LNG volumes via the Strait of Hormuz. Refinery throughput volumes are expected to be broadly comparable to those of the third quarter, benefiting from the return-to-normal operations at the SATORP platform in Saudi Arabia, and despite a turnaround of the Normandy platform of 20 days. The Company confirms its planned investments for the year, for a net amount of around $15 billion over 2026, in line with the annual guidance. To listen to the live conference call in English with Chairman & CEO Patrick Pouyanné and CFO Jean-Pierre Sbraire today at 2:00 pm (Paris time) with financial analysts, please log on to totalenergies.com or dial +33 (0) 1 70 91 87 04, +44 (0) 12 1281 8004 or +1 718 705 8796. The conference replay will be available on the Company's website totalenergies.com after the event. * * * * TotalEnergies contacts Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com 14
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9. Operating information by segment 9.1 Company’s production (Exploration & Production + Integrated LNG) 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Combined liquids and gas production by region (kboe/d) 9M26 9M25 9M26 vs 9M25 517 517 - 515 Europe 535 536 - 408 414 -1% 433 Africa 418 427 -2% 776 671 +16% 864 Middle East and North Africa 741 854 -13% 512 513 - 476 Americas 504 446 +13% 261 280 -7% 220 Asia-Pacific 276 260 +6% 2,474 2,395 +3% 2,508 Total production 2,474 2,523 -2% 383 375 +2% 361 includes equity affiliates 371 375 -1% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Liquids production by region (kb/d) 9M26 9M25 9M26 vs 9M25 208 202 +3% 204 Europe 206 207 -1% 294 286 +3% 317 Africa 293 312 -6% 637 537 +19% 696 Middle East and North Africa 597 684 -13% 277 283 -2% 249 Americas 273 223 +22% 94 102 -8% 87 Asia-Pacific 98 99 - 1,510 1,410 +7% 1,553 Total production 1,467 1,525 -4% 167 120 +39% 161 includes equity affiliates 140 161 -13% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Gas production by region (Mcf/d) 9M26 9M25 9M26 vs 9M25 1,654 1,693 -2% 1,675 Europe 1,764 1,771 - 574 656 -13% 588 Africa 633 578 +10% 761 736 +3% 928 Middle East and North Africa 793 940 -16% 1,310 1,275 +3% 1,260 Americas 1,282 1,237 +4% 910 970 -6% 731 Asia-Pacific 972 883 +10% 5,209 5,330 -2% 5,182 Total production 5,444 5,409 +1% 1,150 1,374 -16% 1,120 includes equity affiliates 1,248 1,176 +6% 15
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9.2 Downstream (Refining & Chemicals and Marketing & Services) * Olefins, polymers. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Petroleum product sales by region (kb/d) 9M26 9M25 9M26 vs 9M25 1,731 1,704 +2% 1,839 Europe 1,748 1,806 -3% 478 445 +7% 566 Africa 485 600 -19% 1,033 1,141 -9% 978 Americas 1,110 1,036 +7% 730 721 +1% 1,128 Rest of world 816 976 -16% 3,972 4,011 -1% 4,510 Total consolidated sales 4,159 4,418 -6% 365 343 +6% 354 Includes bulk sales 356 359 -1% 2,389 2,455 -3% 2,887 Includes trading 2,582 2,773 -7% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 Petrochemicals production* (kt) 9M26 9M25 9M26 vs 9M25 1,045 1,030 +1% 976 Europe 3,063 2,792 +10% 791 734 +8% 773 Americas 2,201 2,217 -1% 482 501 -4% 751 Middle East and Asia 1,660 2,205 -25% 16
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9.3 Integrated Power 9.3.1 Net power production 9.3.2 Installed power generation net capacity * (18) End-of-period data. Net power production (TWh) Solar Onshore Wind Offshore Wind Gas Others Total Solar Onshore Wind Offshore Wind Gas Others Total France 0.3 0.2 0.0 1.5 0.0 2.0 0.3 0.2 0.0 0.6 0.0 1.2 Rest of Europe 0.2 0.4 0.2 4.5 0.5 5.9 0.2 0.4 0.2 2.7 0.4 3.9 Africa 0.0 - - - 0.1 0.2 0.0 - - - 0.1 0.1 Middle East 0.4 - - 0.4 - 0.8 0.4 - - 0.3 - 0.7 North America 1.5 0.5 - 1.9 - 3.9 1.3 0.6 - 1.4 - 3.4 South America 0.2 1.2 - - - 1.4 0.1 1.0 - - - 1.1 India 2.4 0.7 - - - 3.1 3.1 0.7 - - - 3.8 Pacific Asia 0.5 0.0 0.1 - - 0.6 0.4 0.0 0.1 - - 0.5 Total 5.5 3.1 0.3 8.3 0.7 17.9 5.9 2.9 0.3 5.2 0.5 14.8 3Q26 2Q26 Installed power generation net capacity (GW) (18) Solar Onshore Wind Offshore Wind Gas Others Total Solar Onshore Wind Offshore Wind Gas Others Total France 0.8 0.6 0.0 2.7 0.2 4.3 0.8 0.6 0.0 2.7 0.2 4.3 Rest of Europe 0.7 1.1 0.3 7.4 0.4 9.9 0.8 1.1 0.3 7.3 0.4 9.8 Africa 0.1 - - - 0.1 0.2 0.1 - - - 0.1 0.2 Middle East 0.6 - - 0.3 - 1.0 0.6 - - 0.3 - 1.0 North America 3.1 0.9 - 1.9 0.5 6.4 3.1 0.9 - 2.0 0.5 6.5 South America 1.0 1.2 - - - 2.2 0.9 1.2 - - - 2.1 India 7.3 0.7 - - 0.4 8.4 7.2 0.7 - - 0.3 8.1 Pacific Asia 1.2 0.0 0.2 - - 1.4 1.2 0.0 0.2 - - 1.4 Total 14.9 4.4 0.5 12.3 1.7 33.8 14.8 4.4 0.5 12.2 1.5 33.4 3Q26 2Q26 17
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9.3.3 Power generation gross capacity from renewables * (19) Includes 17.25% of the gross capacities of Adani Green Energy Limited, 50% of Clearway Energy Group and 49% of Casa dos Ventos. (20) End-of-period data. Installed power generation gross capacity from renewables (GW) (19),(20) Solar Onshore Wind Offshore Wind Other Total Solar Onshore Wind Offshore Wind Other Total France 1.4 0.9 0.0 0.3 2.6 1.4 0.9 0.0 0.2 2.5 Rest of Europe 0.9 1.8 1.1 0.5 4.4 0.9 1.8 1.1 0.5 4.4 Africa 0.4 0.0 0.0 0.4 0.7 0.4 0.0 0.0 0.4 0.7 Middle East 1.6 0.0 0.0 0.0 1.6 1.6 0.0 0.0 0.0 1.6 North America 7.8 2.3 0.0 1.2 11.3 7.8 2.3 0.0 1.2 11.3 South America 1.2 1.9 0.0 0.0 3.1 1.2 1.9 0.0 0.0 3.0 India 10.4 0.7 0.0 0.4 11.5 10.3 0.7 0.0 0.3 11.2 Asia-Pacific 1.9 0.0 0.6 0.0 2.6 1.9 0.0 0.6 0.0 2.6 Total 25.6 7.7 1.8 2.8 37.9 25.4 7.6 1.8 2.5 37.4 Power generation gross capacity from renewables in construction (GW) (19),(20) Solar Onshore Wind Offshore Wind Other Total Solar Onshore Wind Offshore Wind Other Total France 0.1 0.1 0.0 0.0 0.3 0.1 0.1 0.0 0.0 0.3 Rest of Europe 0.7 0.1 0.8 0.8 2.4 0.7 0.1 0.8 0.7 2.3 Africa 0.2 0.2 0.0 0.0 0.3 0.2 0.2 0.0 0.0 0.3 Middle East 1.3 0.2 0.0 0.0 1.5 1.3 0.2 0.0 0.0 1.5 North America 1.8 0.4 0.0 0.3 2.5 1.8 0.4 0.0 0.3 2.5 South America 0.7 0.7 0.0 0.3 1.7 0.7 0.8 0.0 0.3 1.7 India 0.7 0.0 0.0 0.0 0.7 0.3 0.0 0.0 0.0 0.3 Asia-Pacific 0.6 0.0 0.0 0.0 0.6 0.5 0.0 0.0 0.0 0.5 Total 6.1 1.8 0.8 1.4 10.0 5.6 1.8 0.8 1.3 9.6 Power generation gross capacity from renewables in development (GW) (19),(20) Solar Onshore Wind Offshore Wind Other Total Solar Onshore Wind Offshore Wind Other Total France 0.7 0.4 1.5 0.3 2.9 0.9 0.5 1.5 0.0 2.8 Rest of Europe 3.6 2.0 13.9 4.1 23.7 3.7 1.9 14.3 4.3 24.3 Africa 1.1 0.6 0.0 0.0 1.7 1.1 0.5 0.0 0.0 1.6 Middle East 0.8 0.0 0.0 0.0 0.8 0.8 0.0 0.0 0.0 0.8 North America 11.1 3.4 0.0 4.4 19.0 10.8 3.1 0.0 4.9 18.8 South America 0.6 1.0 0.0 0.0 1.7 0.7 1.0 0.0 0.0 1.8 India 1.0 0.0 0.0 0.0 1.0 1.4 0.0 0.0 0.0 1.4 Asia-Pacific 2.5 1.1 2.6 1.1 7.3 2.6 1.1 2.6 1.1 7.3 Total 21.6 8.6 18.0 9.9 58.0 21.9 8.1 18.4 10.4 58.8 3Q26 2Q26 3Q26 2Q26 3Q26 2Q26 18
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10. Alternative Performance Measures (Non-GAAP measures) 10.1 Adjustment items to net income (TotalEnergies share) 3Q26 2Q26 3Q25 In millions of dollars 9M26 9M25 8,263 5,438 3,683 Net income (TotalEnergies share) 19,511 10,221 (2,320) (268) (93) Special items affecting net income (TotalEnergies share) (3,619) (541) (114) (17) 284 Gain (loss) on asset sales 121 284 - (30) (7) Restructuring charges (52) (7) (1,945) - (286) Impairments (3,093) (495) (261) (221) (84) Other (595) (323) 1,227 (290) (32) After-tax inventory effect : FIFO vs. replacement cost 2,444 (378) 259 (31) (172) Effect of changes in fair value 168 (610) (834) (589) (297) Total adjustments affecting net income (1,007) (1,529) 9,097 6,027 3,980 Adjusted net income (TotalEnergies share) 20,518 11,750 19
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10.2 Reconciliation of adjusted EBITDA with consolidated financial statements 10.2.1 Reconciliation of net income (TotalEnergies share) to adjusted EBITDA 10.2.2 Reconciliation of revenues from sales to adjusted EBITDA and net income (TotalEnergies share) 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars 9M26 9M25 9M26 vs 9M25 8,263 5,438 +52% 3,683 Net income (TotalEnergies share) 19,511 10,221 +91% 834 589 +42% 297 Less: adjustment items to net income (TotalEnergies share) 1,007 1,529 -34% 9,097 6,027 +51% 3,980 Adjusted net income (TotalEnergies share) 20,518 11,750 +75% Adjusted items 67 45 +49% 80 Add: non-controlling interests 190 210 -10% 4,741 3,365 +41% 2,281 Add: income taxes 11,430 7,314 +56% 3,233 3,075 +5% 3,277 Add: depreciation, depletion and impairment of tangible assets and mineral interests 9,405 9,381 - 116 95 +22% 104 Add: amortization and impairment of intangible assets 301 283 +6% 821 817 - 808 Add: financial interest on debt 2,429 2,349 +3% (266) (245) ns (235) Less: financial income and expense from cash & cash equivalents (733) (798) ns 17,809 13,179 +35% 10,295 Adjusted EBITDA 43,540 30,489 +43% 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars 9M26 9M25 9M26 vs 9M25 Adjusted items 61,622 57,334 +7% 43,844 Revenues from sales 168,472 136,419 +23% (37,008) (37,734) ns (26,940) Purchases, net of inventory variation (103,861) (86,036) ns (8,160) (7,954) ns (7,555) Other operating expenses (24,677) (22,685) ns (134) (95) ns (64) Exploration costs (362) (242) ns 146 338 -57% 303 Other income 669 1,094 -39% (222) (164) ns (101) Other expense, excluding amortization and impairment of intangible assets (500) (550) ns 391 482 -19% 324 Other financial income 1,167 1,040 +12% (184) (184) ns (208) Other financial expense (591) (660) ns 1,358 1,156 +17% 692 Net income (loss) from equity affiliates 3,223 2,109 +53% 17,809 13,179 +35% 10,295 Adjusted EBITDA 43,540 30,489 +43% Adjusted items (3,233) (3,075) ns (3,277) Less: depreciation, depletion and impairment of tangible assets and mineral interests (9,405) (9,381) ns (116) (95) ns (104) Less: amortization of intangible assets (301) (283) ns (821) (817) ns (808) Less: financial interest on debt (2,429) (2,349) ns 266 245 +9% 235 Add: financial income and expense from cash & cash equivalents 733 798 -8% (4,741) (3,365) ns (2,281) Less: income taxes (11,430) (7,314) ns (67) (45) ns (80) Less: non-controlling interests (190) (210) ns (834) (589) ns (297) Add: adjustment (TotalEnergies share) (1,007) (1,529) ns 8,263 5,438 +52% 3,683 Net income (TotalEnergies share) 19,511 10,221 +91% 20
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10.3 Investments – Divestments Reconciliation of Cash flow used in investing activities to Net investments * Cash flows used in investing activities do not include increases in property, plant and equipment arising from Apache’s carry arrangement on the GranMorgu project in offshore Block 58 in Suriname, which resulted in specific supplier financing recognised as financial debt. These increases amounted to $153 million in the second quarter of 2026 , $207 million in the third quarter of 2026 and $578 million in the first nine months of 2026. Payments to these suppliers are classified as financing cash flows . ** Change in debt from renewable projects (TotalEnergies share and partner share). 10.4 Cash flow Reconciliation of Cash flow from operating activities to Cash flow from operations excluding working capital (CFFO), to DACF and to Net cash flow * Changes in working capital are presented excluding the mark -to-market effect of Integrated LNG and Integrated Power segments’ contracts. 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars 9M26 9M25 9M26 vs 9M25 4,962 3,276 +51% 3,203 Cash flow used in investing activities ( a ) * 12,550 14,697 -15% (1,815) - ns - Other transactions with non-controlling interests ( b ) (1,815) - ns 14 57 -75% 45 Organic loan repayment from equity affiliates ( c ) 120 105 +14% - 50 -100% (242) Change in debt from renewable projects financing ( d ) ** 64 (463) ns 88 63 +40% 84 Capex linked to capitalized leasing contracts ( e ) 226 282 -20% 30 1 x30 2 Expenditures related to carbon credits ( f ) 59 24 x2.5 3,279 3,447 -5% 3,092 Net investments ( a + b + c + d + e + f = g - i + h ) 11,204 14,645 -23% (1,510) (1,247) ns (381) of which acquisitions net of assets sales ( g - i ) (2,929) 1,851 ns 240 141 +70% 474 Acquisitions ( g ) 773 3,416 -77% 1,750 1,388 +26% 855 Asset sales ( i ) 3,702 1,565 x2.4 - 68 -100% 121 Change in debt (partner share) and capital gain from renewable project sales 50 188 -73% 4,789 4,694 +2% 3,473 of which organic investments ( h ) 14,133 12,794 +10% 137 88 +55% 74 Capitalized exploration 299 222 +34% 413 452 -9% 408 Increase in non-current loans 1,166 1,401 -17% (202) (1,017) ns (449) Repayment of non-current loans, excluding organic loan repayment from equity affiliates (1,495) (808) ns - 118 -100% (121) Change in debt from renewable projects (TotalEnergies share) 114 (275) ns 3Q26 2Q26 3Q26 vs 2Q26 3Q25 In millions of dollars 9M26 9M25 9M26 vs 9M25 15,390 10,858 +42% 8,349 Cash flow from operating activities ( a ) 29,609 16,872 +75% 1,593 1,667 -4% 1,382 (Increase) decrease in working capital ( b ) * (3,733) (3,180) ns 1,556 (506) ns (55) Inventory effect ( c ) 2,899 (434) ns 0 50 -100% (6) Capital gain from renewable project sales ( d ) 72 80 -10% 14 57 -75% 45 Organic loan repayments from equity affiliates ( e ) 120 105 +14% 12,255 9,804 +25% 7,061 Cash flow from operations excluding working capital (CFFO) ( f = a - b - c + d + e ) 30,635 20,671 +48% (379) (384) ns (382) Financial charges (1,166) (992) ns 12,634 10,188 +24% 7,443 Debt Adjusted Cash Flow (DACF) 31,801 21,663 +47% 4,789 4,694 +2% 3,473 Organic investments ( g ) 14,133 12,794 +10% 7,466 5,110 +46% 3,588 Cash flow after organic investments ( f - g ) 16,502 7,877 x2.1 3,279 3,447 -5% 3,092 Net investments ( h ) 11,204 14,645 -23% 8,976 6,357 +41% 3,969 Net cash flow ( f - h ) 19,431 6,026 x3.2 21
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10.5 Gearing ratio * Excludes leases receivables and leases debts. ** Including initial margins held as part of the Company's activities on organized markets. 10.6 Return on average capital employed 10.7 Pay-out In millions of dollars 09/30/2026 06/30/2026 09/30/2025 Current borrowings * 11,966 11,229 11,830 Other current financial liabilities 180 209 568 Current financial assets * , ** (3,327) (3,720) (4,607) Net financial assets classified as held for sale * 731 114 49 Non-current financial debt * 40,960 41,157 41,296 Non-current financial assets * (2,510) (1,601) (1,168) Cash and cash equivalents (34,208) (27,678) (23,415) Net debt ( a ) 13,792 19,710 24,553 Shareholders’ equity (TotalEnergies share) 132,698 128,408 115,281 Non-controlling interests 4,268 2,545 2,384 Shareholders' equity (b) 136,966 130,953 117,665 Gearing = a / ( a+b ) 9.1% 13.1% 17.3% Leases (c) 8,773 8,904 8,827 Gearing including leases ( a+c ) / ( a+b+c ) 14.1% 17.9% 22.1% Twelve months ended September 30, 2026 In millions of dollars Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Company Adjusted net operating income 10,769 4,932 2,244 8,001 1,570 26,646 Capital employed at 09/30/2025 66,102 43,872 26,960 7,123 7,565 149,974 Capital employed at 09/30/2026 69,581 51,030 29,648 3,087 4,671 156,226 ROACE 15.9% 10.4% 7.9% 156.7% 25.7% 17.4% In millions of dollars 9M26 9M25 2025 Dividend paid (parent company shareholders) 6,372 5,961 8,121 Repayment of treasury shares excluding fees and taxes 3,744 5,997 7,496 Payout ratio 33% 56% 55% 22
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GLOSSARY Acquisitions net of assets sales is a non-GAAP financial measure and its most directly comparable IFRS measure is Cash flow used in investing activities. Acquisitions net of assets sales refer to acquisitions minus assets sales (including other operations with non - controlling interests). This indicator can be a valuable tool for decision makers, analysts and shareholders alike because it illustrates the allocation of cash flow used for growing the Company’s asset base via external growth opportunities. Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) is a non-GAAP financial measure and its most directly comparable IFRS measure is Net Income. It refers to the adjusted earnings before depreciation, depletion and impairment of tangible and intangible assets and mineral interests, income tax expense and cost of net debt, i.e., all operating income and contribution o f equity affiliates to net income. This indicator can be a valuable tool for decision makers, analysts and shareholders alike to measure and compare the Company’s profitability with utility companies (energy sector). Adjusted net income (TotalEnergies share) is a non-GAAP financial measure and its most directly comparable IFRS measure is Net Income (TotalEnergies share). Adjusted Net Income (TotalEnergies share) refers to Net Income (TotalEnergies share) less adjus tment items to Net Income (TotalEnergies share ). Adjustment items are inventory valuation effect, effect of changes in fair value, and special items. This indicator can be a valuable tool for decision makers, analysts and shareholders alike to evaluate the Company’s o perating results and to understand its operating trends by removing the impact of non-operational results and special items. Adjusted net operating income is a non -GAAP financial measure and its most directly comparable IFRS measure is Net Income. Adjusted Net Operating Income refers to Net Income before net cost of net debt, i.e., cost of net debt net of its tax effects, less adjustment items. Adjustment items are inventory valuation effect, effect of changes in fair value, and special items. Adjusted Net Operating Income can be a valuable tool for decision makers, analysts and shareholders alike to evaluate the Company’s operating results and understanding its operating trends, by removing the impact of non-operational results and special items and is used to evaluate the Return on Average Capital Employed (ROACE) as explained below. Capital Employed is a non-GAAP financial measure. They are calculated at replacement cost and refer to capital employed (balance sheet) less inventory valuations effect. Capital employed (balance sheet) refers to the sum of the following items: (i) Prope rty, plant and equipment, intangible assets, net, (ii) Investments & loans in equity affiliates, (iii) Other non -current assets, (iv) Working capital which is the sum of: Inventories, net, Accounts receivable, net, other current assets, Accounts payable, Other creditors and accrued liabilities, (v) Provisions and other non-current liabilities and (vi) Assets and liabilities classified as held for sale. Capital Employed can be a valuable tool for decision makers, analysts and shareholders alike to provide insight on the amount of capital investment used by the Company or its business segments to operate. Capital Employed is used to calculate the Return on Average Capital Employed (ROACE). Cash Flow From Operations excluding working capital (CFFO) is a non-GAAP financial measure and its most directly comparable IFRS measure is Cash flow from operating activities. Cash Flow From Operations excluding working capital is defined as cash flow from operating activities before changes in working capital a t replacement cost, excluding the mark -to-market effect of Integrated LNG and Integrated Power contracts, including capital gain from renewable projects sales and including organic loan repayments from e quity affiliates. This indicator can be a valuable tool for decision makers, analysts and shareholders alike to help understand changes in cash flow from operating activities, excluding the impact of working capital changes across periods on a consistent basis and with the performance of peer companies in a manner that, when viewed in combination with the Company’s results prepared in accordance with GAAP, provides a more complete understanding of the factors and trends affecting the Company’s business and performance. This performance indicator is used by the Company as a base for its cash flow allocation and notably to guide on the share of its cash flow to be alloca ted to the distribution to shareholders. Debt adjusted cash flow (DACF) is a non-GAAP financial measure and its most directly comparable IFRS measure is Cash flow from operating activities. DACF is defined as Cash Flow From Operations excluding working capital (CFFO) without financial charges . This indicator can be a valuable tool for decision makers, analysts and shareholders alike because it corresponds to the funds theoretically available to the Company for investments, debt repayment and distribution to shareholders, and therefore facilitates comparis on of the Company’s results of operations with those of other registrants, independent of their capital structure and working capital requirements. ESRS perimeter: the GHG emissions within the ESRS perimeter correspond to 100% of the emissions from operated sites, plus the equity share of emissions from non-operated and financially consolidated assets excluding equity affiliates. Cash flow after Organic Investments is a non-GAAP financial measure and its most directly comparable IFRS measure is Cash flow from operating activities. Cash flow after Organic Investments, refers to Cash Flow From Operations excluding working capital minus Organic Investments. Organic Investments refer to Net Investments excluding acquisitions, asset sales and other transactions with non- controlling interests. This indicator can be a valuable tool for decision makers, analysts and shareholders alike because it illustrates operating cash flow generated by the business post allocation of cash for Organic Investments. Free cash flow is a non-GAAP financial measure and its most directly comparable IFRS measure is Cash flow from operating activities. Free cash flow refers to Net cash flow minus cash flows with non -controlling interests, payments on perpetual subordinated notes, repayments of leases and repayment (issuance) of shares of parent company shareholders. Free cash flow can be a valuable tool for decision makers, analysts and shareholders alike because it illustrates cash flow generated by the operations of the Company post allocation of cash for Net investments and certain cash flows from financing activities. This performance indicator corresponds to the cash flow available to repay the other debts and allocate cash to parent company shareholders distribution or share buybacks. Gearing is a non-GAAP financial measure and its most directly comparable IFRS measure is the ratio of total financial liabilities to total equity. Gearing is a Net-debt-to-capital ratio, which is calculated as the ratio of Net debt excluding leases to (Equity + Net debt excluding leases). This indicator can be a valuable tool for decision makers, analysts and shareholders alike to assess the strength of the Company’s balance sheet. Normalized Gearing: indicator defined as the gearing excluding the impact of seasonal variations, notably on working capital. Net cash flow is a non-GAAP financial measure and its most directly comparable IFRS measure is Cash flow from operating activities. Net cash flow refers to Cash Flow From Operations excluding working capital minus Net Investments. Net cash flow can be a val uable tool for decision makers, analysts and shareholders alike because it illustrates cash flow generated by the operations of the Compan y post allocation of cash for Organic Investments and Acquisitions net of assets sales (acquisitions - assets sales - other operations with 23
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non-controlling interests). This performance indicator corresponds to the cash flow available to repay debt and allocate cash to shareholder distribution or share buybacks. Net investments is a non -GAAP financial measure and its most directly comparable IFRS measure is Cash flow used in investing activities. Net Investments refer to Cash flow used in investing activities including other transactions with non -controlling interests, including change in debt from renewable projects financing, including expenditures related to carbon credits, including capex linked to capitalized leasing contracts and excluding organic loan repayment from equity affiliates. This indicator can be a valuable tool for decision makers, analysts and shareholders alike to illustrate the cash directed to growth opportunities, both internal and external, thereby showing, when combined with the Company’s cash flow statement prepared under IFRS, how cash is generated and allocated for uses within the organization. Net Investments are the sum of Organic Investments and Acquisitions net of assets sales each of which is described in the Glossary. Organic investments is a non-GAAP financial measure and its most directly comparable IFRS measure is Cash flow used in investing activities. Organic investments refers to Net Investments, excluding acquisitions, asset sales and other operations with non -controlling interests. Organic Investments can be a valuable tool for decision makers, analysts and shareholders alike because it illustrates cash flow used by the Company to grow its asset base, excluding sources of external growth. Operated perimeter: activities, sites and industrial assets of which TotalEnergies SE or one of its subsidiaries has operational control, i.e. has the responsibility of the conduct of operations on behalf of all its partners. For the operated perimeter, the indicators are reported 100%, regardless of the Company’s equity interest in the asset. Payout is a non-GAAP financial measure. Payout is defined as the ratio of the dividends and share buybacks for cancellation to the Cash Flow From Operations excluding working capital. This indicator can be a valuable tool for decision makers, analysts and shareholders as it provides the portion of the Cash Flow From Operations excluding working capital distributed to the shareholder. Return on Average Capital Employed (ROACE) is a non -GAAP financial measure. ROACE is the ratio of Adjusted Net Operating Income to average Capital Employed at replacement cost between the beginning and the end of the period. This indicator can be a valuable tool for decision makers, analysts and shareholders alike to measure the profitability of the Company’s average Capital Employed in its business operations and is used by the Company to benchmark its performance internally and externally with its peers. 24
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Disclaimer Unless otherwise stated, the terms “TotalEnergies”, “TotalEnergies company” and “Company” in this document are used to design ate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we ”, “us” and “our” may also be used to refer to these entities or their employees. The entities in which TotalEnergies SE directly or indi rectly owns a shareholding are separate and independent legal entities. The term “Corporation” as used in this document exclusively refers to TotalEnergies SE, which is the parent company of the Company. This press release presents the results for the third quarter of 2026 and first nine months of 2026 from the consolidated financial statements of TotalEnergies SE as of September 30, 2026 (unaudited). The consolidated financial statements of TotalEnergies SE as of September 30, 2026 have been subject to a limited review by the Statutory Auditors. The notes to the consolidated financial statements (unaudited) are available on the Corporation’s website www.totalenergies.com. This document may contain forward-looking statements (including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995), notably with respect to the financial condition, results of operations, business activities a nd strategy of TotalEnergies and expectations regarding returns to stockholders, including with respect to future dividends and share buybacks. T his document may also contain statements regarding the outlook, objectives, areas of improvement, goals and ambitions of TotalEnergies SE, including with respect to climate change and carbon neutrality. An ambition expresses an outcome desired by TotalEnergies, it being specified that the means to be deployed do not depend solely on TotalEnergies. These forward-looking statements may be identified by the use of the future or conditional tense or forward-looking words such as “will”, “should”, “could”, “would”, “may”, “likely”, “might”, “envisions”, “intends”, “anticipates”, “believes”, “estimates”, “considers”, “plans”, “expects”, “thinks”, “targets”, “has an ambition to”, “commits”, “aims” or similar terminology. Such forward-looking statements included in this document are based on economic data, estimates and assumptions prepared in a given economic, competitive and regulatory environment and considered to be reasonable by TotalEnergies as of the date of publication of this document. These forward-looking statements are not historical data and should not be interpreted as assurances that the outlook, objectives, goals or ambitions announced will be achieved. They are uncertain and may evolve or be modified with a significant difference between the actual results and those initially estimated, due to the uncertainties notably related to the economic, financial, competitive and regulatory environment, or due to the occurrence of risk factors, such as, notably, fluctuations in the price of crude oil and natural gas, changes in demand and prices of petroleum products, changes in production levels and estimates of reserves, the ability to achieve cost reductions and operating efficiencies without unduly disrupting business operations, changes in laws and regulations including those related to the environment and climate, currency fluctuations, technological innovations, meteorological conditions and events, as well as s ocio- demographic, economic and political developments, changes in market co nditions, loss of market share and changes in consumer preferences, pandemics, and other risk factors described in the Corporation’s regulatory filings, including its Universal Registration Document filed with the French Autorité des Marchés Financiers, its Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (“SEC”) and its other reports filed or furnished with the SEC. Additionally, certain financial information is based on estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto. Future interim or final annual dividend payments beyond the interim dividend payable on April 2nd, 2027 (or April 20th, 2027 for holders on the U.S. register) have not yet been decided by the Board of Directors or approved by shareholders at a General Meeting. Management’s expectations with respect to such future dividends are “forward-looking statements” and are non-binding. The Board of Directors retains full discretion to decide to distribute an interim dividend and to set the amount and date of the distribution and decide on the dividend to be submitted for approval by shareholders at a General Meeting, based on a number of factors, including TotalEnergies’ financial results, balance sheet strength, cash and liquidity requirements, future prospects, commodity prices, and other factors deemed relevan t by the Board. Readers are cautioned not to consider forward-looking statements as certain, but as an expression of the Corporation’s views only as of the date this document is published. TotalEnergies SE and its subsidiaries undertake no obligation, make no commitment and expressly disclaim any responsibility to investors or any stakeholder to update or revise, particularly as a result of new information or future events, any forward -looking information or statements, objectives or trends contained in this document. In addition, the Corporation has not verified and is under no ob ligation to verify any data or information provided by or sou rced from third parties contained in this document or used in the estimates and assumptions or, more generally, forward-looking statements published in this document. Users are advised to verify them independently before relying on them. The information on risk factors that could have a significant adverse effect on TotalEnergies’ business, financial condition, including its operating income and cash flow, reputation, outlook or the value of financial instruments issued by TotalEnergies is provided in the most recent version of the Universal Registration Document which is filed by TotalEnergies SE with the French Autorité des Marchés Financiers and the annual report on Form 20-F filed with the SEC. Additionally, the developments of climate change and other environmental or social issues in this document are based on vario us frameworks and the interests of various stakeholders which are subject to evolve independently of our will. Moreover, our disclosures on such issues, including disclosures on climate change and other environmental or social issues, may include information that i s not necessarily “material” under US securities laws for SEC reporting purposes or under applicable securities law. In addition to IFRS measures, certain alternative performance indicators are presented, such as performance indicators exclud ing the adjustment items described below (adjusted net operating income, adjusted net income), net cash flow, cash flow after organ ic investments, normalized gearing, return on equity (ROE), return on average capital employed (ROACE), gearing ratio, cash flow from operations excluding working capital, debt adjusted cash flow, and the payout ratio. These indicators are meant to facilit ate the analysis of the financial performance of TotalEnergies and the comparison of income between periods. They allow investors to track the measures used internally to manage and measure the performance of TotalEnergies. Financial information by business segment is reported in accordance with the internal reporting system and shows internal seg ment information that is used to manage and measure the performance of TotalEnergies. TotalEnergies measures performance at the segment level on the basis of adjusted net operating income. These adjustment items include: (i) Special items Due to their unusual nature or particular significance, certain transactions qualifying as “special items” are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent, or unusual. However, in certain instances, transactions such as restructuring costs or assets disposals, which are not considered to be representative of the normal cou rse of business, may qualify as special items although they may have occurred in prior years or are likely to occur in following years. (ii) The inventory valuation effect In accordance with IAS 2, TotalEnergies values inventories of petroleum products in its financial statements according to the First-In, First- Out (FIFO) method and other inventories using the weighted-average cost method. Under the FIFO method, the cost of inventory is based on the historic cost of acquisition or manufacture rather than the current replacement cost. In volatile energy markets, this can have a 25
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significant distorting effect on the reported income. Accordingly, the adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. This method is used to assess the segments’ perfor mance and facilitate the comparability of the segments’ performance with those of its main competitors. In the replacement cost method, which approximates the Last -In, First -Out (LIFO) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end prices differential between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is th e difference between the results under the FIFO and the replacement cost methods. (iii) Effect of changes in fair value The effect of changes in fair value presented as an adjustment item reflects, for trading inventories and storage contracts, differences between internal measures of performance used by TotalEnergies’ Executive Committee and the accounting for these transactions under IFRS. IFRS requires that trading inventories be recorded at their fair value using period-end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of t rading inventories based on forward prices. TotalEnergies, in its trading activities, enters into storage contracts, whose future effects are recorded at fair value in TotalEnergies’ internal economic performance. IFRS precludes recognition of this fair value effect. Furthermore, TotalEnergies enters into derivative instruments to risk manage certain operational contracts or assets. Under IFRS, these derivatives are recorded at fair value while the underlying operational transactions are recorded as they occur. Internal ind icators defer the fair value on derivatives to match with the transaction occurrence. The adjusted results (adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted f or special items, excluding the effect of changes in fair value. Euro amounts presented for the adjusted fully-diluted earnings per share represent dollar amounts converted at the average euro-dollar (€-$) exchange rate for the applicable period and are not the result of financial statements prepared in euros. Cautionary Note to U.S. Investors – U.S. investors are urged to consider closely the disclosure in the Form 20-F of TotalEnergies SE, File N° 1-10888, available from us at 2, place Jean Millier – Arche Nord Coupole/Regnault – 92078 Paris-La Défense Cedex, France, or at the Corporation’s website totalenergies.com. The Form 20-F is also available from the SEC by calling 1-800-SEC-0330 or on the SEC’s website. 26
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TotalEnergies financial statements Third quarter 2026 consolidated accounts, IFRS 27
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Consolidated statement of income TotalEnergies (unaudited) 3rd quarter 2nd quarter 3rd quarter (M$)(a) 2026 2026 2025 Sales 66,819 61,771 48,691 Excise taxes (4,960) (4,674) (4,847) Revenue from sales 61,859 57,097 43,844 Purchases, net of inventory variation (35,205) (38,308) (27,191) Other operating expenses (8,719) (8,038) (7,591) Exploration costs (134) (95) (64) Depreciation, depletion and impairment of tangible assets and mineral interests (4,180) (3,075) (3,280) Other income 146 330 778 Other expenses (403) (279) (528) Financial interest on debt (821) (817) (808) Financial income and expenses from cash & cash equivalents 266 245 265 Cost of net debt (555) (572) (543) Other financial income 391 482 366 Other financial expenses (184) (184) (208) Net income (loss) from equity affiliates 427 1,271 602 Income taxes (5,080) (3,154) (2,423) Consolidated net income 8,363 5,475 3,762 TotalEnergies share 8,263 5,438 3,683 Non-controlling interests 100 37 79 Earnings per share ($) 3.69 2.44 1.65 Diluted earnings per share ($) 3.66 2.41 1.64 (a) Except for per share amounts. 28
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Consolidated statement of comprehensive income TotalEnergies (unaudited) 3rd quarter 2nd quarter 3rd quarter (M$) 2026 2026 2025 Consolidated net income 8,363 5,475 3,762 Other comprehensive income Actuarial gains and losses – 21 (2) Change in fair value of investments in equity instruments (74) (29) (96) Tax effect 25 (7) 19 Currency translation adjustment generated by the parent company (311) (857) (2) Items not potentially reclassifiable to profit and loss (360) (872) (81) Currency translation adjustment 125 573 (230) Cash flow hedge 2,510 454 (346) Variation of foreign currency basis spread 7 1 6 Share of other comprehensive income of equity affiliates, net amount 327 63 (112) Other 1 2 5 Tax effect (650) (113) 81 Items potentially reclassifiable to profit and loss 2,320 980 (596) Total other comprehensive income (net amount) 1,960 108 (677) Comprehensive income 10,323 5,583 3,085 – TotalEnergies share 10,226 5,531 3,001 – Non-controlling interests 97 52 84 29
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Consolidated statement of income TotalEnergies (unaudited) (M$)(a) 9 months 2026 9 months 2025 Sales 182,753 150,572 Excise taxes (14,281) (14,153) Revenue from sales 168,472 136,419 Purchases, net of inventory variation (100,860) (87,204) Other operating expenses (25,432) (22,989) Exploration costs (362) (242) Depreciation, depletion and impairment of tangible assets and mineral interests (10,461) (9,536) Other income 947 1,569 Other expenses (1,907) (1,106) Financial interest on debt (2,429) (2,349) Financial income and expenses from cash & cash equivalents 733 882 Cost of net debt (1,696) (1,467) Other financial income 1,167 1,113 Other financial expenses (591) (660) Net income (loss) from equity affiliates 2,515 1,794 Income taxes (12,022) (7,262) Consolidated net income 19,770 10,429 TotalEnergies share 19,511 10,221 Non-controlling interests 259 208 Earnings per share ($) 8.82 4.53 Diluted earnings per share ($) 8.73 4.49 (a) Except for per share amounts. 30
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Consolidated statement of comprehensive income TotalEnergies (unaudited) (M$) 9 months 2026 9 months 2025 Consolidated net income 19,770 10,429 Other comprehensive income Actuarial gains and losses 22 14 Change in fair value of investments in equity instruments 9 (32) Tax effect (7) – Currency translation adjustment generated by the parent company (2,960) 8,688 Items not potentially reclassifiable to profit and loss (2,936) 8,670 Currency translation adjustment 2,602 (6,939) Cash flow hedge 3,901 (1,014) Variation of foreign currency basis spread 12 25 Share of other comprehensive income of equity affiliates, net amount 545 (386) Other 4 12 Tax effect (998) 237 Items potentially reclassifiable to profit and loss 6,066 (8,065) Total other comprehensive income (net amount) 3,130 605 Comprehensive income 22,900 11,034 – TotalEnergies share 22,641 10,760 – Non-controlling interests 259 274 31
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Consolidated balance sheet TotalEnergies September 30, 2026 June 30, 2026 December 31, 2025 September 30, 2025 (M$) (unaudited) (unaudited) (unaudited) ASSETS Non-current assets Intangible assets, net 34,488 35,631 37,345 37,764 Property, plant and equipment, net 115,021 117,889 114,694 115,198 Equity affiliates: investments and loans 47,632 44,663 38,090 36,968 Other investments 1,977 2,099 1,914 2,046 Non-current financial assets 3,551 2,702 3,270 2,426 Deferred income taxes 2,111 2,939 3,358 3,633 Other non-current assets 2,816 2,573 2,915 2,990 Total non-current assets 207,596 208,496 201,586 201,025 Current assets Inventories, net 26,887 21,373 16,663 17,058 Accounts receivable, net 24,712 21,184 18,559 19,735 Other current assets 40,474 28,976 20,437 21,833 Current financial assets 3,595 4,039 3,332 4,884 Cash and cash equivalents 34,208 27,678 26,202 23,415 Assets classified as held for sale 4,456 2,015 4,276 4,009 Total current assets 134,332 105,265 89,469 90,934 Total assets 341,928 313,761 291,055 291,959 LIABILITIES & SHAREHOLDERS' EQUITY Shareholders' equity Common shares 7,280 7,280 7,059 7,059 Paid-in surplus and retained earnings 146,280 139,898 125,860 125,073 Currency translation adjustment (14,182) (14,146) (14,033) (13,853) Treasury shares (6,680) (4,624) (4,003) (2,998) Total shareholders' equity - TotalEnergies share 132,698 128,408 114,883 115,281 Non-controlling interests 4,268 2,545 2,640 2,384 Total shareholders' equity 136,966 130,953 117,523 117,665 Non-current liabilities Deferred income taxes 14,181 13,347 12,634 12,830 Employee benefits 2,006 1,996 2,018 1,991 Provisions and other non-current liabilities 18,721 18,734 17,322 20,096 Non-current financial debt 49,090 49,525 48,995 49,552 Total non-current liabilities 83,998 83,602 80,969 84,469 Current liabilities Accounts payable 47,176 41,438 38,065 38,062 Other creditors and accrued liabilities 57,374 43,108 36,344 35,266 Current borrowings 13,901 13,183 12,038 13,820 Other current financial liabilities 180 209 388 568 Liabilities directly associated with the assets classified as held for sale 2,333 1,268 5,728 2,109 Total current liabilities 120,964 99,206 92,563 89,825 Total liabilities & shareholders' equity 341,928 313,761 291,055 291,959 32
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Consolidated statement of cash flow TotalEnergies (unaudited) 3rd quarter 2nd quarter 3rd quarter (M$) 2026 2026 2025 CASH FLOW FROM OPERATING ACTIVITIES Consolidated net income 8,363 5,475 3,762 Depreciation, depletion, amortization and impairment 4,342 3,097 3,405 Non-current liabilities, valuation allowances and deferred taxes 1,166 599 272 (Gains) losses on disposals of assets 52 (266) (603) Undistributed affiliates' equity earnings 333 (65) (195) (Increase) decrease in working capital 921 1,663 1,600 Other changes, net 213 355 108 Cash flow from operating activities 15,390 10,858 8,349 CASH FLOW USED IN INVESTING ACTIVITIES Intangible assets and property, plant and equipment additions (4,449) (4,232) (3,812) Acquisitions of subsidiaries, net of cash acquired – (6) – Investments in equity affiliates and other securities (252) (561) (215) Increase in non-current loans (413) (452) (408) Total expenditures (5,114) (5,251) (4,435) Proceeds from disposals of intangible assets and property, plant and equipment (114) 500 613 Proceeds from disposals of subsidiaries, net of cash sold 10 135 133 Proceeds from disposals of non-current investments 40 266 (8) Repayment of non-current loans 216 1,074 494 Total divestments 152 1,975 1,232 Cash flow used in investing activities (4,962) (3,276) (3,203) CASH FLOW FROM FINANCING ACTIVITIES Issuance (repayment) of shares: – Parent company shareholders (2) 363 – – Treasury shares (1,505) (1,511) (2,349) Dividends paid: – Parent company shareholders (2,155) (2,094) (2,216) – Non-controlling interests (136) (166) (89) Net issuance (repayment) of perpetual subordinated notes – – – Payments on perpetual subordinated notes (22) (40) (26) Other transactions with non-controlling interests 1,771 (37) 23 Net issuance (repayment) of non-current debt 62 84 3,682 Increase (decrease) in current borrowings (2,033) (1,994) (1,962) Increase (decrease) in current financial assets and liabilities 323 127 529 Cash flow / (used in) financing activities (3,697) (5,268) (2,408) Net increase (decrease) in cash and cash equivalents 6,731 2,314 2,738 Effect of exchange rates (201) (329) 253 Cash and cash equivalents at the beginning of the period 27,678 25,693 20,424 Cash and cash equivalents at the end of the period 34,208 27,678 23,415 33
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Consolidated statement of cash flow TotalEnergies (unaudited) (M$) 9 months 2026 9 months 2025 CASH FLOW FROM OPERATING ACTIVITIES Consolidated net income 19,770 10,429 Depreciation, depletion, amortization and impairment 11,588 9,851 Non-current liabilities, valuation allowances and deferred taxes 2,356 608 (Gains) losses on disposals of assets (534) (913) Undistributed affiliates' equity earnings 81 (720) (Increase) decrease in working capital (4,384) (2,583) Other changes, net 732 200 Cash flow from operating activities 29,609 16,872 CASH FLOW USED IN INVESTING ACTIVITIES Intangible assets and property, plant and equipment additions (13,302) (12,800) Acquisitions of subsidiaries, net of cash acquired (85) (1,859) Investments in equity affiliates and other securities (1,034) (945) Increase in non-current loans (1,166) (1,401) Total expenditures (15,587) (17,005) Proceeds from disposals of intangible assets and property, plant and equipment 567 983 Proceeds from disposals of subsidiaries, net of cash sold 542 404 Proceeds from disposals of non-current investments 313 8 Repayment of non-current loans 1,615 913 Total divestments 3,037 2,308 Cash flow used in investing activities (12,550) (14,697) CASH FLOW FROM FINANCING ACTIVITIES Issuance (repayment) of shares: – Parent company shareholders 361 492 – Treasury shares (3,791) (6,208) Dividends paid: – Parent company shareholders (6,372) (5,961) – Non-controlling interests (311) (401) Net issuance (repayment) of perpetual subordinated notes 1,751 (1,139) Payments on perpetual subordinated notes (216) (181) Other transactions with non-controlling interests 1,718 (28) Net issuance (repayment) of non-current debt 3,730 7,370 Increase (decrease) in current borrowings (5,310) (2,168) Increase (decrease) in current financial assets and liabilities (19) 2,534 Cash flow / (used in) financing activities (8,459) (5,690) Net increase (decrease) in cash and cash equivalents 8,600 (3,515) Effect of exchange rates (594) 1,086 Cash and cash equivalents at the beginning of the period 26,202 25,844 Cash and cash equivalents at the end of the period 34,208 23,415 34
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Consolidated statement of changes in shareholders' equity TotalEnergies (unaudited) Common shares issued Paid-in surplus and retained earnings Currency translation adjustment Treasury shares Shareholders' equity - TotalEnergies Share Non- controlling interests Total shareholders' equity (M$) Number Amount Number Amount As of January 1, 2025 2,397,679,661 7,577 135,496 (15,259) (149,529,818) (9,956) 117,858 2,397 120,255 Net income of the first nine months 2025 – – 10,221 – – – 10,221 208 10,429 Other comprehensive income – – (867) 1,406 – – 539 66 605 Comprehensive income – – 9,354 1,406 – – 10,760 274 11,034 Dividend – – (6,103) – – – (6,103) (267) (6,370) Issuance of common shares 11,149,053 30 462 – – – 492 – 492 Purchase of treasury shares – – – – (99,060,045) (6,520) (6,520) – (6,520) Sale of treasury shares(a) – – (414) – 6,218,249 414 – – – Share-based payments – – 463 – – – 463 – 463 Share cancellation (202,243,171) (548) (12,704) – 202,243,171 13,064 (188) – (188) Net issuance (repayment) of perpetual subordinated notes – – (1,219) – – – (1,219) – (1,219) Payments on perpetual subordinated notes – – (238) – – – (238) – (238) Other operations with non-controlling interests – – (6) – – – (6) (22) (28) Other items – – (18) – – – (18) 2 (16) As of September 30, 2025 2,206,585,543 7,059 125,073 (13,853) (40,128,443) (2,998) 115,281 2,384 117,665 Net income of the fourth quarter 2025 – – 2,906 – – – 2,906 22 2,928 Other comprehensive income – – (130) (180) – – (310) 11 (299) Comprehensive income – – 2,776 (180) – – 2,596 33 2,629 Dividend – – (2,032) – – – (2,032) (81) (2,113) Issuance of common shares – – – – – – – – – Purchase of treasury shares – – – – (23,577,249) (1,006) (1,006) – (1,006) Sale of treasury shares(a) – – – – 3,163 – – – – Share-based payments – – 122 – – – 122 – 122 Share cancellation – – – – – – – – – Net issuance (repayment) of perpetual subordinated notes – – – – – – – – – Payments on perpetual subordinated notes – – (82) – – – (82) – (82) Other operations with non-controlling interests – – 5 – – – 5 308 313 Other items – – (2) – – 1 (1) (4) (5) As of December 31, 2025 2,206,585,543 7,059 125,860 (14,033) (63,702,529) (4,003) 114,883 2,640 117,523 Net income of the first nine months 2026 – – 19,511 – – – 19,511 259 19,770 Other comprehensive income – – 3,279 (149) – – 3,130 – 3,130 Comprehensive income – – 22,790 (149) – – 22,641 259 22,900 Dividend – – (6,814) – – – (6,814) (311) (7,125) Issuance of common shares 100,985,040 295 6,090 – – – 6,385 – 6,385 Purchase of treasury shares – – – – (43,827,303) (4,710) (4,710) – (4,710) Sale of treasury shares(a) – – (426) – 6,640,933 426 – – – Share-based payments – – 510 – – – 510 – 510 Share cancellation (25,913,869) (74) (1,564) – 25,913,869 1,607 (31) – (31) Net issuance (repayment) of perpetual subordinated notes – – 91 – – – 91 – 91 Payments on perpetual subordinated notes – – (281) – – – (281) – (281) Other operations with non-controlling interests – – 24 – – – 24 1,704 1,728 Other items – – – – – – – (24) (24) As of September 30, 2026 2,281,656,714 7,280 146,280 (14,182) (74,975,030) (6,680) 132,698 4,268 136,966 (a) Treasury shares related to the performance share grants. 35
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Information by business segment TotalEnergies (unaudited) 3rd quarter 2026 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) External sales 1,644 3,470 4,221 30,778 26,693 13 – 66,819 Intersegment sales 10,528 1,934 1,985 11,409 228 33 (26,117) – Excise taxes – – – (188) (4,772) – – (4,960) Revenues from sales 12,172 5,404 6,206 41,999 22,149 46 (26,117) 61,859 Operating expenses (4,481) (2,939) (5,472) (36,267) (20,804) (212) 26,117 (44,058) Depreciation, depletion and impairment of tangible assets and mineral interests (2,017) (405) (1,017) (428) (282) (31) – (4,180) Net income (loss) from equity affiliates and other items 229 610 199 (584) (47) (30) – 377 Tax on net operating income (2,873) (648) (136) (1,306) (328) 109 – (5,182) Adjustments(a) (127) 137 (822) (187) 221 (23) – (801) Adjusted net operating income 3,157 1,885 602 3,601 467 (95) – 9,617 Adjustments(a) (801) Net cost of net debt (453) Non-controlling interests (100) Net income - TotalEnergies share 8,263 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and pow er activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the net operating income of Integrated LNG seg ment. Effects of changes in the fair value of power positions are allocated to the net operating income of Integrated Power segment . 3rd quarter 2026 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) Total expenditures 3,026 359 1,186 278 180 85 – 5,114 Total divestments (121) 32 86 129 14 12 – 152 Cash flow from operating activities 4,905 1,213 1,636 6,290 1,622 (276) – 15,390 36
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Information by business segment TotalEnergies (unaudited) 2nd quarter 2026 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) External sales 1,830 1,880 3,846 28,792 25,422 1 – 61,771 Intersegment sales 9,221 2,258 1,511 11,058 260 41 (24,349) – Excise taxes – – – (164) (4,510) – – (4,674) Revenues from sales 11,051 4,138 5,357 39,686 21,172 42 (24,349) 57,097 Operating expenses (3,629) (3,469) (5,105) (37,806) (20,465) (316) 24,349 (46,441) Depreciation, depletion and impairment of tangible assets and mineral interests (1,920) (413) (74) (404) (233) (31) – (3,075) Net income (loss) from equity affiliates and other items 292 767 302 204 86 (31) – 1,620 Tax on net operating income (2,570) (167) (36) (259) (183) 12 – (3,203) Adjustments(a) (7) 49 (89) (379) (123) (48) – (597) Adjusted net operating income 3,231 807 533 1,800 500 (276) – 6,595 Adjustments(a) (597) Net cost of net debt (523) Non-controlling interests (37) Net income - TotalEnergies share 5,438 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and pow er activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the net operating income of Integrated LNG seg ment. Effects of changes in the fair value of power positions are allocated to the net operating income of Integrated Power segment . 2nd quarter 2026 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) Total expenditures 2,282 874 1,419 385 197 94 – 5,251 Total divestments 460 (36) 1,356 20 178 (3) – 1,975 Cash flow from operating activities 5,546 2,137 (239) 3,565 549 (700) – 10,858 37
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Information by business segment TotalEnergies (unaudited) 3rd quarter 2025 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) External sales 1,392 1,995 3,955 21,205 20,138 6 – 48,691 Intersegment sales 8,892 1,587 434 7,122 234 38 (18,307) – Excise taxes – – – (201) (4,646) – – (4,847) Revenues from sales 10,284 3,582 4,389 28,126 15,726 44 (18,307) 43,844 Operating expenses (4,200) (2,880) (3,863) (27,069) (14,916) (225) 18,307 (34,846) Depreciation, depletion and impairment of tangible assets and mineral interests (2,145) (376) (103) (380) (243) (33) – (3,280) Net income (loss) from equity affiliates and other items 522 492 (52) 75 (24) (3) – 1,010 Tax on net operating income (2,055) (97) (110) (143) (177) 115 – (2,467) Adjustments(a) 237 (131) (310) (78) (14) (22) – (318) Adjusted net operating income 2,169 852 571 687 380 (80) – 4,579 Adjustments(a) (318) Net cost of net debt (499) Non-controlling interests (79) Net income - TotalEnergies share 3,683 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and pow er activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the net operating income of Integrated LNG seg ment. Effects of changes in the fair value of power positions are allocated to the net operating income of Integrated Power segment . 3rd quarter 2025 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) Total expenditures 2,409 611 773 402 205 35 – 4,435 Total divestments 622 465 81 17 45 2 – 1,232 Cash flow from operating activities 4,187 789 674 2,839 287 (427) – 8,349 38
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Information by business segment TotalEnergies (unaudited) 9 months 2026 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) External sales 4,593 8,280 13,508 83,750 72,604 18 – 182,753 Intersegment sales 28,752 7,002 4,223 30,682 607 107 (71,373) – Excise taxes – – – (519) (13,762) – – (14,281) Revenues from sales 33,345 15,282 17,731 113,913 59,449 125 (71,373) 168,472 Operating expenses (11,399) (10,560) (16,287) (102,743) (56,262) (776) 71,373 (126,654) Depreciation, depletion and impairment of tangible assets and mineral interests (5,902) (1,239) (1,254) (1,235) (745) (86) – (10,461) Net income (loss) from equity affiliates and other items 907 1,830 (312) (155) (81) (58) – 2,131 Tax on net operating income (7,869) (1,131) (225) (2,261) (758) 22 – (12,222) Adjustments(a) 118 172 (2,027) 519 374 (94) – (938) Adjusted net operating income 8,964 4,010 1,680 7,000 1,229 (679) – 22,204 Adjustments(a) (938) Net cost of net debt (1,496) Non-controlling interests (259) Net income - TotalEnergies share 19,511 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and pow er activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the net operating income of Integrated LNG seg ment. Effects of changes in the fair value of power positions are allocated to the net operating income of Integrated Power segment . 9 months 2026 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) Total expenditures 8,168 1,882 3,506 1,279 529 223 – 15,587 Total divestments 801 147 1,660 172 244 13 – 3,037 Cash flow from operating activities 13,420 2,230 1,252 11,419 3,239 (1,951) – 29,609 39
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Information by business segment TotalEnergies (unaudited) 9 months 2025 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) External sales 4,330 7,669 13,880 65,591 59,083 19 – 150,572 Intersegment sales 26,481 6,708 1,819 20,939 567 95 (56,609) – Excise taxes – – – (567) (13,586) – – (14,153) Revenues from sales 30,811 14,377 15,699 85,963 46,064 114 (56,609) 136,419 Operating expenses (12,577) (11,468) (14,527) (83,712) (44,041) (719) 56,609 (110,435) Depreciation, depletion and impairment of tangible assets and mineral interests (6,073) (1,164) (286) (1,239) (684) (90) – (9,536) Net income (loss) from equity affiliates and other items 713 1,635 332 25 79 (74) – 2,710 Tax on net operating income (6,176) (538) (210) (238) (443) 246 – (7,359) Adjustments(a) 104 (345) (643) (578) (57) (67) – (1,586) Adjusted net operating income 6,594 3,187 1,651 1,377 1,032 (456) – 13,385 Adjustments(a) (1,586) Net cost of net debt (1,370) Non-controlling interests (208) Net income - TotalEnergies share 10,221 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and pow er activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the net operating income of Integrated LNG seg ment. Effects of changes in the fair value of power positions are allocated to the net operating income of Integrated Power segment . 9 months 2025 Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate Intercompany Total (M$) Total expenditures 8,642 2,390 4,212 995 611 155 – 17,005 Total divestments 1,060 500 486 65 180 17 – 2,308 Cash flow from operating activities 11,128 3,071 1,074 1,743 1,483 (1,627) – 16,872 40
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Non GAAP Financial Measures 41
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Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 1. Reconciliation of cash flow used in investing activities to Net investments 1.1 Exploration & Production 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 3,147 1,822 1,787 76% Cash flow used in investing activities ( a ) * 7,367 7,582 -3% (647) – – ns Other transactions with non-controlling interests ( b ) (647) – ns – – – ns Organic loan repayment from equity affiliates ( c ) – – ns – – – ns Change in debt from renewable projects financing ( d ) ** – – ns 70 60 80 -13% Capex linked to capitalized leasing contracts ( e ) 201 278 -28% 30 1 2 x15 Expenditures related to carbon credits ( f ) 59 24 x2.5 2,600 1,883 1,869 39% Net investments ( a + b + c + d + e + f = g - i + h ) 6,980 7,884 -11% (321) (348) (53) ns of which net acquisitions ( g - i ) (896) 225 ns 197 105 522 -62% Acquisitions ( g ) 524 1,160 -55% 518 453 575 -10% Assets sales ( i ) 1,420 935 52% – – – ns Change in debt (partner share) and capital gain from renewable project sales – – ns 2,921 2,231 1,922 52% Of which organic investments ( h ) 7,876 7,659 3% 111 64 70 58% Capitalized exploration 244 209 17% 42 17 38 11% Increase in non-current loans 111 162 -31% (8) (7) (47) ns Repayment of non-current loans, excluding organic loan repayment from equity affiliates (28) (125) ns – – – ns Change in debt from renewable projects (TotalEnergies share) – – ns *Cash flows used in investing activities do not include increases in property, plant and equipment arising from Apache’s carr y arrangement on the GranMorgu project in offshore Block 58 in Suriname, which resulted in specific supplier financing recognised as financial debt. These increases amounted to $153 million in the second quarter of 2026, $207 million in the third quarter of 2026 and $578 million in the first nine months of 2026. Payments to these suppliers are class ified as financing cash flows **Change in debt from renewable projects (TotalEnergies share and partner share) 1.2 Integrated LNG 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 327 910 146 x2.2 Cash flow used in investing activities ( a ) 1,735 1,890 -8% (1,168) – – ns Other transactions with non-controlling interests ( b ) (1,168) – ns 3 – 46 -93% Organic loan repayment from equity affiliates ( c ) 4 47 -91% – – – ns Change in debt from renewable projects financing ( d ) * – – ns 4 2 4 ns Capex linked to capitalized leasing contracts ( e ) 9 4 x2.3 – – – ns Expenditures related to carbon credits ( f ) – – ns (834) 912 196 ns Net investments ( a + b + c + d + e + f = g - i + h ) 580 1,941 -70% (1,162) 4 (134) ns of which net acquisitions ( g - i ) (1,066) 116 ns 6 7 (60) ns Acquisitions ( g ) 105 194 -46% 1,168 3 74 x15.8 Assets sales ( i ) 1,171 78 x15 – – – ns Change in debt (partner share) and capital gain from renewable project sales – – ns 328 908 330 -1% Of which organic investments ( h ) 1,646 1,825 -10% 26 24 4 x6.5 Capitalized exploration 55 13 x4.2 49 71 174 -72% Increase in non-current loans 189 543 -65% (29) 39 (345) ns Repayment of non-current loans, excluding organic loan repayment from equity affiliates (140) (375) ns – – – ns Change in debt from renewable projects (TotalEnergies share) – – ns *Change in debt from renewable projects (TotalEnergies share and partner share) 42
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2 Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 1.3 Integrated Power 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 1,100 63 692 59% Cash flow used in investing activities ( a ) 1,846 3,726 -50% – – – ns Other transactions with non-controlling interests ( b ) – – ns 11 57 (1) ns Organic loan repayment from equity affiliates ( c ) 116 58 100% – 50 (242) ns Change in debt from renewable projects financing ( d ) * 64 (463) ns (1) 1 – ns Capex linked to capitalized leasing contracts ( e ) 1 – ns – – – ns Expenditures related to carbon credits ( f ) – – ns 1,110 171 449 x2.5 Net investments ( a + b + c + d + e + f = g - i + h ) 2,027 3,321 -39% (25) (749) (147) ns of which net acquisitions ( g - i ) (851) 1,658 ns 35 26 12 x2.9 Acquisitions ( g ) 64 2,048 -97% 60 775 159 -62% Assets sales ( i ) 915 390 x2.3 – 68 121 -100% Change in debt (partner share) and capital gain from renewable project sales 50 188 -73% 1,135 920 596 90% Of which organic investments ( h ) 2,878 1,663 73% – – – ns Capitalized exploration – – ns 250 320 162 54% Increase in non-current loans 671 580 16% (15) (1,014) (43) ns Repayment of non-current loans, excluding organic loan repayment from equity affiliates (1,101) (226) ns – 118 (121) ns Change in debt from renewable projects (TotalEnergies share) 114 (275) ns *Change in debt from renewable projects (TotalEnergies share and partner share) 1.4 Refining & Chemicals 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 149 365 385 -61% Cash flow used in investing activities ( a ) 1,107 930 19% – – – ns Other transactions with non-controlling interests ( b ) – – ns – – – ns Organic loan repayment from equity affiliates ( c ) – – ns – – – ns Change in debt from renewable projects financing ( d ) * – – ns – – – ns Capex linked to capitalized leasing contracts ( e ) – – ns – – – ns Expenditures related to carbon credits ( f ) – – ns 149 365 385 -61% Net investments ( a + b + c + d + e + f = g - i + h ) 1,107 930 19% (1) (1) (2) ns of which net acquisitions ( g - i ) 73 (26) ns 1 – – ns Acquisitions ( g ) 76 11 x6.9 2 1 2 ns Assets sales ( i ) 3 37 -92% – – – ns Change in debt (partner share) and capital gain from renewable project sales – – ns 150 366 387 -61% Of which organic investments ( h ) 1,034 956 8% – – – ns Capitalized exploration – – ns 30 32 16 88% Increase in non-current loans 131 43 x3 (127) (19) (15) ns Repayment of non-current loans, excluding organic loan repayment from equity affiliates (169) (28) ns – – – ns Change in debt from renewable projects (TotalEnergies share) – – ns *Change in debt from renewable projects (TotalEnergies share and partner share) 43
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Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 1.5 Marketing & Services 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 166 19 160 4% Cash flow used in investing activities ( a ) 285 431 -34% – – – ns Other transactions with non-controlling interests ( b ) – – ns – – – ns Organic loan repayment from equity affiliates ( c ) – – ns – – – ns Change in debt from renewable projects financing ( d ) * – – ns – – – ns Capex linked to capitalized leasing contracts ( e ) – – ns – – – ns Expenditures related to carbon credits ( f ) – – ns 166 19 160 4% Net investments ( a + b + c + d + e + f = g - i + h ) 285 431 -34% (3) (155) (43) ns of which net acquisitions ( g - i ) (194) (121) ns – – – ns Acquisitions ( g ) – 3 -100% 3 155 43 -93% Assets sales ( i ) 194 124 56% – – – ns Change in debt (partner share) and capital gain from renewable project sales – – ns 169 174 203 -17% Of which organic investments ( h ) 479 552 -13% – – – ns Capitalized exploration – – ns 13 11 18 -28% Increase in non-current loans 34 62 -45% (10) (20) 1 ns Repayment of non-current loans, excluding organic loan repayment from equity affiliates (43) (38) ns – – – ns Change in debt from renewable projects (TotalEnergies share) – – ns *Change in debt from renewable projects (TotalEnergies share and partner share) 2. Reconciliation of cash flow from operating activities to CFFO 2.1 Exploration & Production 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 4,905 5,546 4,187 17% Cash flow from operating activities ( a ) 13,420 11,128 21% (484) (231) 203 ns (Increase) decrease in working capital ( b ) (2,310) (907) ns – – – ns Inventory effect ( c ) – – ns – – – ns Capital gain from renewable projects sales ( d ) – – ns – – – ns Organic loan repayments from equity affiliates ( e ) – – ns 5,389 5,777 3,984 35% Cash flow from operations excluding working capital (CFFO) ( f = a - b - c + d + e ) 15,730 12,035 31% 44
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4 Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 2.2 Integrated LNG 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 1,213 2,137 789 54% Cash flow from operating activities ( a ) 2,230 3,071 -27% (508) 1,304 (299) ns (Increase) decrease in working capital ( b ) * (2,108) (424) ns – – – ns Inventory effect ( c ) – – ns – – – ns Capital gain from renewable projects sales ( d ) – – ns 3 – 46 -93% Organic loan repayments from equity affiliates ( e ) 4 47 -91% 1,724 833 1,134 52% Cash flow from operations excluding working capital (CFFO) ( f = a - b - c + d + e ) 4,342 3,542 23% *Changes in working capital are presented excluding the mark-to-market effect of Integrated LNG and Integrated Power segments’ contracts. 2.3 Integrated Power 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 1,636 (239) 674 x2.4 Cash flow from operating activities ( a ) 1,252 1,074 17% 873 (853) 56 x15.6 (Increase) decrease in working capital ( b ) * (629) (558) ns – – – ns Inventory effect ( c ) – – ns – 50 (6) ns Capital gain from renewable projects sales ( d ) 72 80 -10% 11 57 (1) ns Organic loan repayments from equity affiliates ( e ) 116 58 100% 774 721 611 27% Cash flow from operations excluding working capital (CFFO) ( f = a - b - c + d + e ) 2,069 1,770 17% *Changes in working capital are presented excluding the mark-to-market effect of Integrated LNG and Integrated Power segments’ contracts. 45
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Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 2.4 Refining & Chemicals 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 6,290 3,565 2,839 x2.2 Cash flow from operating activities ( a ) 11,419 1,743 x6.6 1,250 1,929 1,900 -34% (Increase) decrease in working capital ( b ) 1,678 (281) ns 1,097 (394) (76) ns Inventory effect ( c ) 2,052 (396) ns – – – ns Capital gain from renewable projects sales ( d ) – – ns – – – ns Organic loan repayments from equity affiliates ( e ) – – ns 3,943 2,030 1,015 x3.9 Cash flow from operations excluding working capital (CFFO) ( f = a - b - c + d + e ) 7,689 2,420 x3.2 2.5 Marketing & Services 3rd quarter 2nd quarter 3rd quarter 3rd quarter 2026 vs (in millions of dollars) 9 months 2026 9 months 2025 9 months 2026 vs 2026 2026 2025 3rd quarter 2025 9 months 2025 1,622 549 287 x5.7 Cash flow from operating activities ( a ) 3,239 1,483 x2.2 484 (186) (372) ns (Increase) decrease in working capital ( b ) 446 (312) ns 459 (112) 21 x21.9 Inventory effect ( c ) 847 (38) ns – – – ns Capital gain from renewable projects sales ( d ) – – ns – – – ns Organic loan repayments from equity affiliates ( e ) – – ns 679 847 638 6% Cash flow from operations excluding working capital (CFFO) ( f = a - b - c + d + e ) 1,946 1,833 6% 46
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6 Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 3. Reconciliation of capital employed (balance sheet) and calculation of ROACE (In millions of dollars) Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate InterCompany Company Adjusted net operating income 3rd quarter 2026 3,157 1,885 602 3,601 467 (95) – 9,617 Adjusted net operating income 2nd quarter 2026 3,231 807 533 1,800 500 (276) – 6,595 Adjusted net operating income 1st quarter 2026 2,576 1,318 545 1,599 262 (308) – 5,992 Adjusted net operating income 4th quarter 2025 1,805 922 564 1,001 341 (191) – 4,442 Adjusted net operating income ( a ) 10,769 4,932 2,244 8,001 1,570 (870) – 26,646 Balance sheet as of September 30, 2026 Property plant and equipment intangible assets net 88,505 27,132 12,834 13,055 6,432 1,551 – 149,509 Investments & loans in equity affiliates 5,189 21,648 15,838 4,102 855 – – 47,632 Other non-current assets 1,976 2,879 988 715 1,014 (668) – 6,904 Inventories, net 1,736 2,458 583 17,556 4,554 – – 26,887 Accounts receivable, net 6,840 9,890 3,736 28,533 9,876 1,337 (35,500) 24,712 Other current assets 8,569 28,170 7,605 5,959 3,946 3,095 (16,870) 40,474 Accounts payable (6,372) (10,374) (5,298) (46,961) (12,760) (982) 35,571 (47,176) Other creditors and accrued liabilities (12,989) (26,484) (6,852) (13,490) (7,222) (7,136) 16,799 (57,374) Working capital (2,216) 3,660 (226) (8,403) (1,606) (3,686) – (12,477) Provisions and other non-current liabilities (24,158) (4,860) (1,801) (3,813) (1,288) 1,012 – (34,908) Assets and liabilities classified as held for sale - Capital employed 285 571 2,015 – – – – 2,871 Capital Employed (Balance sheet) 69,581 51,030 29,648 5,656 5,407 (1,791) – 159,531 Less inventory valuation effect – – – (2,569) (736) – – (3,305) Capital Employed at replacement cost ( b ) 69,581 51,030 29,648 3,087 4,671 (1,791) – 156,226 Balance sheet as of September 30, 2025 Property plant and equipment intangible assets net 87,453 29,195 15,681 12,725 7,111 797 – 152,962 Investments & loans in equity affiliates 4,498 16,983 10,257 4,137 1,093 – – 36,968 Other non-current assets 2,504 2,285 1,705 748 1,083 344 – 8,669 Inventories, net 1,674 1,076 596 10,196 3,516 – – 17,058 Accounts receivable, net 5,533 5,828 4,045 17,547 8,328 1,300 (22,846) 19,735 Other current assets 7,020 7,252 5,567 2,251 2,889 2,600 (5,746) 21,833 Accounts payable (6,668) (6,661) (6,309) (30,876) (9,472) (901) 22,825 (38,062) Other creditors and accrued liabilities (11,225) (7,587) (4,810) (5,175) (5,546) (6,690) 5,767 (35,266) Working capital (3,666) (92) (911) (6,057) (285) (3,691) – (14,702) Provisions and other non-current liabilities (25,136) (4,499) (1,388) (3,569) (1,227) 902 – (34,917) Assets and liabilities classified as held for sale - Capital employed 449 – 1,616 – – – – 2,065 Capital Employed (Balance sheet) 66,102 43,872 26,960 7,984 7,775 (1,648) – 151,045 Less inventory valuation effect – – – (861) (210) – – (1,071) Capital Employed at replacement cost ( c ) 66,102 43,872 26,960 7,123 7,565 (1,648) – 149,974 ROACE as a percentage ( a / average ( b + c )) 15.9% 10.4% 7.9% 156.7% 25.7% – – 17.4% 47
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Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 4. Reconciliation of consolidated net income to adjusted net operating income 3rd quarter 2nd quarter 3rd quarter 9 months 2026 9 months 2025 2026 2026 2025 (in millions of dollars) 8,363 5,475 3,762 Consolidated net income ( a ) 19,770 10,429 (453) (523) (499) Net cost of net debt ( b ) (1,496) (1,370) (2,320) (268) (113) Special items affecting net operating income (3,619) (596) (114) (17) 284 Gains (losses) on disposals of assets 121 284 – (30) (7) Restructuring charges (52) (7) (1,945) – (286) Asset impairment and provisions charges (3,093) (495) (261) (221) (104) Other items (595) (378) 1,260 (298) (33) After-tax inventory effect : FIFO vs. replacement cost 2,513 (380) 259 (31) (172) Effect of changes in fair value 168 (610) (801) (597) (318) Total adjustments affecting net operating income ( c ) (938) (1,586) 9,617 6,595 4,579 Adjusted net operating income ( a - b - c ) 22,204 13,385 48