The Board of Directors of TotalEnergies SE, chaired by CEO Patrick Pouyannemet on October 25. 2023, to approve the third guarter 2023 financial statements. On the occasion, PatrickPouyanne said:

While implementing its balanced transition strategy that combines Oil & Gas and lntegrated Power, TotalEnergiesdemonstrates once again this quarter its ability to leverage a supportive price environment, generating adjusted netincome of $6.5 bilion and returm on average capital employed of over 20%. Cash flow from operations (CFFOincreased to $9.3 bilion in the third guarter and totaled $27.4 billion in the first nine months of 2023.

In the Oil & Gas business. production at nearly 2.5 Mboe/d is up 5% vear-on-vear. thanks to the start-up of several oioroiects in Brazil (Mero 1) Nigera (lkike) and lrag (Ratawi and gas proiects in Oman (Block 10) and Azerbaian(Absheron). During the quarter, confirmation of exploration successes in Suriname and Namibia opened the way tonew oil developments contributing to future cash flow growth.

Exploration & Production delivered a strong guarter, with adiusted net operating income and cash flow both increasinoby $0.8 bilion guarter-to-quarter to $3. 1 bilion and $5.2 biion, respectively. integrated LNG confirms the robustnessof its global integrated portfolio, with adiusted net operating income of $1.3 billion and cash fiow of $1.6 bilionDownstream adiusted net operating income and cash fow increased sequentially to $1.8 biion and $2.2 billionrespectively, due to good availability of European refining assets.

This guarter acain demonstrates the relevance of TotalEneroies’ profitable transition strateay. For the first timeintecrated Power adiusted net operating income and cash fow both exceed $500 millon. Year-to-date cash fow atthe end of the third quarter is close to $1.5 bilion, in line with lntegrated Power's obiective to generate around $2 bilionof cash flow in 2023. TotalEnergies commissioned its 1 GW Seagreen offshore wind farm, which was delivered withinbudget, and its 380 MW Mytle Solar proiect in the US, which includes battery storage, and acquired 100% of TotaEren.

Based on the strenoth of both these results. the Board of Directors decided the distribution of the third interirrdividend for the 2023 financial vear in the amount of E0.74/share, up 7.25% vear-on-vear. Additionally. theCompany is executing a S9 billion share buyback program in 2023, as announced on September 27. Year-to.date shareholder distribution is close to 43% at the end of September. in line with the recently increased annuaquidance of more than 40%.

Key figures from TotalEnergies’ consolidated financial statements