TotalEnergies SE (TTE) 6-K 27 Jul 23 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2023
Document and Entity Information
Entity Registrant Name	TotalEnergies SE
Entity Central Index Key	0000879764
Document Type	6-K
Document Period End Date	Jun. 30, 2023
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME $ in Millions	3 Months Ended						6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2023 € / shares	Mar. 31, 2023 USD ($) $ / shares	Mar. 31, 2023 € / shares	Jun. 30, 2022 USD ($) $ / shares	Jun. 30, 2022 € / shares	Jun. 30, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($) $ / shares
CONSOLIDATED STATEMENT OF INCOME
Sales	$ 56,271		$ 62,603		$ 74,774		$ 118,874		$ 143,380
Excise taxes	(4,737)		(4,370)		(4,329)		(9,107)		(8,985)
Revenues from sales	51,534		58,233		70,445		109,767		134,395
Purchases, net of inventory variation	(33,864)		(38,351)		(45,443)		(72,215)		(85,091)
Other operating expenses	(7,906)		(7,785)		(8,041)		(15,691)		(15,664)
Exploration costs	(62)		(92)		(117)		(154)		(978)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,106)		(3,062)		(3,102)		(6,168)		(6,781)
Other income	116		341		429		457		572
Other expense	(366)		(300)		(1,305)		(666)		(3,595)
Financial interest on debt	(724)		(710)		(572)		(1,434)		(1,034)
Financial income and expense from cash & cash equivalents	510		393		245		903		459
Cost of net debt	(214)		(317)		(327)		(531)		(575)
Other financial income	413		258		231		671		434
Other financial expense	(173)		(183)		(136)		(356)		(271)
Net income (loss) from equity affiliates	267		960		(1,546)		1,227		(1,503)
Income taxes	(2,487)		(4,071)		(5,284)		(6,558)		(10,088)
Consolidated net income	4,152		5,631		5,804		9,783	$ 10,189	10,855
TotalEnergies share	4,088		5,557		5,692		9,645		10,636
Non-controlling interests	$ 64		$ 74		$ 112		$ 138		$ 219
Earnings per share (in dollars or Euros per share) | (per share)	$ 1.65	€ 1.51	$ 2.23	€ 2.08	$ 2.18	€ 2.03	$ 3.88		$ 4.04
Fully-diluted earnings per share (in dollars or Euros per share) | (per share)	$ 1.64	€ 1.51	$ 2.21	€ 2.06	$ 2.16	€ 2.03	$ 3.86		$ 4.02

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Consolidated net income	$ 4,152	$ 5,631	$ 5,804	$ 9,783	$ 10,855
Other comprehensive income
Actuarial gains and losses	135	3	204	138	204
Change in fair value of investments in equity instruments	(1)	4	(20)	3	(17)
Tax effect	(43)	(8)	(53)	(51)	(42)
Currency translation adjustment generated by the parent company	(57)	1,466	(5,387)	1,409	(7,137)
Items not potentially reclassifiable to profit and loss	34	1,465	(5,256)	1,499	(6,992)
Currency translation adjustment	(49)	(1,250)	2,523	(1,299)	3,535
Cash flow hedge	689	1,202	3,222	1,891	2,959
Variation of foreign currency basis spread	11	(3)	21	8	70
share of other comprehensive income of equity affiliates, net amount	3	(98)	2,548	(95)	2,464
Other	(4)	3	(1)	(1)	(1)
Tax effect	(136)	(336)	(1,112)	(472)	(1,059)
Items potentially reclassifiable to profit and loss	514	(482)	7,201	32	7,968
Total other comprehensive income (net amount)	548	983	1,945	1,531	976
Comprehensive income	4,700	6,614	7,749	11,314	11,831
TotalEnergies share	4,676	6,550	7,705	11,226	11,658
Non-controlling interests	$ 24	$ 64	$ 44	$ 88	$ 173

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Non-current assets
Intangible assets, net	$ 31,717	$ 33,234	$ 31,931	$ 37,020
Property, plant and equipment, net	104,174	107,499	107,101	101,454
Equity affiliates : investments and loans	30,425	29,997	27,889	28,210
Other investments	1,190	1,209	1,051	1,383
Non-current financial assets	2,494	2,357	2,731	1,612
Deferred income taxes	3,649	4,772	5,049	4,737
Other non-current assets	2,573	2,709	2,388	3,075
Total non-current assets	176,222	181,777	178,140	177,491
Current assets
Inventories, net	18,785	22,786	22,936	28,542
Accounts receivable, net	22,163	24,128	24,378	30,796
Other current assets	23,111	28,153	36,070	55,553
Current financial assets	6,725	7,535	8,746	7,863
Cash and cash equivalents	25,572	27,985	33,026	32,848
Assets classified as held for sale	8,441	668	568	313
Total current assets	104,797	111,255	125,724	155,915
Total assets	281,019	293,032	303,864	333,406
Shareholders' equity
Common shares	7,850	7,828	8,163	8,163
Paid-in surplus and retained earnings	123,511	123,357	123,951	125,554
Currency translation adjustment	(12,859)	(12,784)	(12,836)	(14,019)
Treasury shares	(4,820)	(2,820)	(7,554)	(3,010)
Total shareholders' equity - TotalEnergies share	113,682	115,581	111,724	116,688
Non-controlling interests	2,770	2,863	2,846	3,309
Total shareholders' equity	116,452	118,444	114,570	119,997
Non-current liabilities
Deferred income taxes	11,237	11,300	11,021	12,169
Employee benefits	1,872	1,840	1,829	2,341
Provisions and other non-current liabilities	21,295	21,270	21,402	23,373
Non-current financial debt	40,427	42,915	45,264	46,868
Total non-current liabilities	74,831	77,325	79,516	84,751
Current liabilities
Accounts payable	32,853	36,037	41,346	49,700
Other creditors and accrued liabilities	38,609	42,578	52,275	62,498
Current borrowings	15,542	17,884	15,502	16,003
Other current financial liabilities	443	597	488	401
Liabilities directly associated with the assets classified as held for sale	2,289	167	167	56
Total current liabilities	89,736	97,263	109,778	128,658
Total liabilities & shareholders' equity	$ 281,019	$ 293,032	$ 303,864	$ 333,406

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOW - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CASH FLOW FROM OPERATING ACTIVITIES
Consolidated net income	$ 4,152	$ 5,631	$ 5,804	$ 9,783	$ 10,855
Depreciation, depletion, amortization and impairment	3,195	3,187	3,321	6,382	7,899
Non-current liabilities, valuation allowances and deferred taxes	81	314	1,427	395	3,965
(Gains) losses on disposals of assets	(70)	(252)	(165)	(322)	(178)
Undistributed affiliates' equity earnings	383	(349)	2,999	34	3,261
(Increase) decrease in working capital	2,125	(3,419)	2,498	(1,294)	(2,425)
Other changes, net	34	21	400	55	524
Cash flow from operating activities	9,900	5,133	16,284	15,033	23,901
CASH FLOW USED IN INVESTING ACTIVITIES
Intangible assets and property, plant and equipment additions	(3,870)	(4,968)	(5,150)	(8,838)	(8,607)
Acquisitions of subsidiaries, net of cash acquired	(19)	(136)	(82)	(155)	(82)
Investments in equity affiliates and other securities	(522)	(1,407)	(136)	(1,929)	(225)
Increase in non-current loans	(366)	(389)	(278)	(755)	(519)
Total expenditures	(4,777)	(6,900)	(5,646)	(11,677)	(9,433)
Proceeds from disposals of intangible assets and property, plant and equipment	31	68	153	99	330
Proceeds from disposals of subsidiaries, net of cash sold	38	183	63	221	151
Proceeds from disposals of non-current investments	133	49	35	182	250
Repayment of non-current loans	102	238	413	340	1,342
Total divestments	304	538	664	842	2,073
Cash flow used in investing activities	(4,473)	(6,362)	(4,982)	(10,835)	(7,360)
CASH FLOW USED IN FINANCING ACTIVITIES
Issuance (repayment) of shares: Parent company shareholders	383		371	383	371
Issuance (repayment) of shares: Treasury shares	(2,002)	(2,103)	(1,988)	(4,105)	(3,164)
Dividends paid: Parent company shareholders	(1,842)	(1,844)	(1,825)	(3,686)	(3,753)
Dividends paid: Non-controlling interests	(105)	(21)	(97)	(126)	(119)
Net issuance (repayment) of perpetual subordinated notes	(1,081)		(1,958)	(1,081)
Payments on perpetual subordinated notes	(80)	(158)	(138)	(238)	(274)
Other transactions with non-controlling interests	(13)	(86)	(10)	(99)	(5)
Net issuance (repayment) of non-current debt	(14)	118	508	104	542
Increase (decrease) in current borrowings	(4,111)	(1,274)	(2,703)	(5,385)	(2,046)
Increase (decrease) in current financial assets and liabilities	990	1,394	(731)	2,384	4,863
Cash flow from (used in) financing activities	(7,875)	(3,974)	(8,571)	(11,849)	(3,585)
Net increase (decrease) in cash and cash equivalents	(2,448)	(5,203)	2,731	(7,651)	12,956
Effect of exchange rates	35	162	(1,159)	197	(1,450)
Cash and cash equivalents at the beginning of the period	27,985	33,026	31,276	33,026	21,342
Cash and cash equivalents at the end of the period	$ 25,572	$ 27,985	$ 32,848	$ 25,572	$ 32,848

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Millions		Shareholders' equity - TotalEnergies share	Common shares issued	Paid-in surplus and retained earnings	Currency translation adjustment	Treasury shares	Non-controlling interests	Total
Equity as of the beginning of the period at Dec. 31, 2021		$ 111,736	$ 8,224	$ 117,849	$ (12,671)	$ (1,666)	$ 3,263	$ 114,999
Common shares issued as of the beginning of the period at Dec. 31, 2021			2,640,429,329			(33,841,104)
Net income		10,636		10,636			219	10,855
Other comprehensive income		1,022		2,370	(1,348)		(46)	976
Comprehensive income		11,658		13,006	(1,348)		173	11,831
Dividend		(3,803)		(3,803)			(119)	(3,922)
Issuance of common shares		371	$ 26	345				371
Issuance of common shares (in shares)			9,367,482
Purchase of treasury shares		(3,164)				$ (3,164)		(3,164)
Purchase of treasury shares (in shares)						(58,458,536)
Sale of treasury shares	[1]			(315)		$ 315
Sale of treasury shares (in shares)	[1]					6,168,197
Share-based payments		157		157				157
Share cancellation			$ (87)	(1,418)		$ 1,505
Share cancellation (in shares)			(30,665,526)			30,665,526
Net issuance (repayment) of perpetual subordinated notes		(44)		(44)				(44)
Payments on perpetual subordinated notes		(183)		(183)				(183)
Other operations with non-controlling interests		4		4			(9)	(5)
Other items		(44)		(44)			1	(43)
Equity as of the end of the period at Jun. 30, 2022		116,688	$ 8,163	125,554	(14,019)	$ (3,010)	3,309	119,997
Common shares issued as of the end of the period at Jun. 30, 2022			2,619,131,285			(55,465,917)
Net income		9,890		9,890			299	10,189
Other comprehensive income		(4,129)		(5,303)	1,174		44	(4,085)
Comprehensive income		5,761		4,587	1,174		343	6,104
Dividend		(6,186)		(6,186)			(417)	(6,603)
Issuance of common shares		(1)		(1)				(1)
Purchase of treasury shares		(4,547)				$ (4,547)		(4,547)
Purchase of treasury shares (in shares)						(81,749,207)
Sale of treasury shares	[1]			(3)		$ 3
Sale of treasury shares (in shares)	[1]					27,457
Share-based payments		72		72				72
Payments on perpetual subordinated notes		(148)		(148)				(148)
Other operations with non-controlling interests		50		41	9		46	96
Other items		35		35			(435)	(400)
Equity as of the end of the period at Dec. 31, 2022		111,724	$ 8,163	123,951	(12,836)	$ (7,554)	2,846	114,570
Common shares issued as of the end of the period at Dec. 31, 2022			2,619,131,285			(137,187,667)
Net income								5,631
Other comprehensive income								983
Comprehensive income								6,614
Equity as of the end of the period at Mar. 31, 2023								118,444
Equity as of the beginning of the period at Dec. 31, 2022		111,724	$ 8,163	123,951	(12,836)	$ (7,554)	2,846	114,570
Common shares issued as of the beginning of the period at Dec. 31, 2022			2,619,131,285			(137,187,667)
Net income		9,645		9,645			138	9,783
Other comprehensive income		1,581		1,576	5		(50)	1,531
Comprehensive income		11,226		11,221	5		88	11,314
Dividend		(3,868)		(3,868)			(126)	(3,994)
Issuance of common shares		383	$ 22	361				383
Issuance of common shares (in shares)			8,002,155
Purchase of treasury shares		(4,705)				$ (4,705)		(4,705)
Purchase of treasury shares (in shares)						(66,647,852)
Sale of treasury shares	[1]			(396)		$ 396
Sale of treasury shares (in shares)	[1]					6,461,256
Share-based payments		172		172				172
Share cancellation			$ (335)	(6,708)		$ 7,043
Share cancellation (in shares)			(128,869,261)			128,869,261
Net issuance (repayment) of perpetual subordinated notes		(1,107)		(1,107)				(1,107)
Payments on perpetual subordinated notes		(151)		(151)				(151)
Other operations with non-controlling interests		11		39	(28)		(38)	(27)
Other items		(3)		(3)				(3)
Equity as of the end of the period at Jun. 30, 2023		113,682	$ 7,850	123,511	(12,859)	$ (4,820)	2,770	116,452
Common shares issued as of the end of the period at Jun. 30, 2023			2,498,264,179			(68,505,002)
Equity as of the beginning of the period at Mar. 31, 2023								118,444
Net income								4,152
Other comprehensive income								548
Comprehensive income								4,700
Equity as of the end of the period at Jun. 30, 2023		$ 113,682	$ 7,850	$ 123,511	$ (12,859)	$ (4,820)	$ 2,770	$ 116,452
Common shares issued as of the end of the period at Jun. 30, 2023			2,498,264,179			(68,505,002)
[1] Treasury shares related to the performance share grants.

Basis of preparation of the con

Basis of preparation of the consolidated financial statements	6 Months Ended
	Jun. 30, 2023
Basis of preparation of the consolidated financial statements
Basis of preparation of the consolidated financial statements	1) Basis of preparation of the consolidated financial statements The consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and IFRS as published by the International Accounting Standards Board (IASB). The interim consolidated financial statements of TotalEnergies SE and its subsidiaries (the Company) as of June 30, 2023, are presented in U.S. dollars and have been prepared in accordance with International Accounting Standard (IAS) 34 “Interim Financial Reporting”. The accounting principles applied for the consolidated financial statements at June 30, 2023, are consistent with those used for the financial statements at December 31, 2022. The preparation of financial statements in accordance with IFRS for the closing as of June 30, 2023 requires the General Management to make estimates, assumptions and judgments that affect the information reported in the Consolidated Financial Statements and the Notes thereto. These estimates, assumptions and judgments are based on historical experience and other factors believed to be reasonable at the date of preparation of the financial statements. They are reviewed on an on-going basis by General Management and therefore could be revised as circumstances change or as a result of new information. The main estimates, judgments and assumptions relate to the estimation of hydrocarbon reserves in application of the successful efforts method for the oil and gas activities, asset impairments, employee benefits, asset retirement obligations and income taxes. These estimates and assumptions are described in the Notes to the Consolidated Financial Statements as of December 31, 2022. The consolidated financial statements as of December 31, 2022 were impacted by the Russian-Ukrainian conflict. The Russian assets were fully depreciated, except for those relating to Yamal LNG. As of June 30, 2023, in the absence of any new event, assessments and judgments taken into account in the valuation of assets remain in place. Different estimates, assumptions and judgments could significantly affect the information reported, and actual results may differ from the amounts included in the Consolidated Financial Statements and the Notes thereto. Furthermore, when the accounting treatment of a specific transaction is not addressed by any accounting standard or interpretation, the General Management of the Company applies its judgment to define and apply accounting policies that provide information consistent with the general IFRS concepts: faithful representation, relevance and materiality.

Changes in the Company structur

Changes in the Company structure	6 Months Ended
	Jun. 30, 2023
Changes in the Company structure
Changes in the Company structure	2) Changes in the Company structure 2.1) Main acquisitions and divestments Ø Exploration & Production ● In March 2023, TotalEnergies has signed an agreement with CEPSA to acquire CEPSA’s upstream assets in the United Arab Emirates with an effective date of January 1, 2023. The assets to be acquired are: o a 20% participating interest in the Satah Al Razboot (SARB), Umm Lulu, Bin Nasher and Al Bateel (SARB and Umm Lulu) offshore concession. The SARB and Umm Lulu concession includes two major offshore fields. ADNOC holds a 60% interest in this concession, alongside OMV (20%). The concession is operated by ADNOC Offshore. o a 12.88% indirect interest in the Mubarraz concession held by Abu Dhabi Oil Company Ltd (ADOC), through the acquisition of 20% of Cosmo Abu Dhabi Energy Exploration & Production Co. Ltd (CEPAD), a company holding a 64.4% interest in ADOC. The Mubarraz concession is comprised of four producing offshore fields. The SARB and Umm Lulu transaction was completed on March 15, 2023. The Mubarraz transaction was not completed following Cosmo’s decision to exercise its right of first refusal on the proposed transaction on April 21, 2023 in accordance with the terms of the agreements. Ø Integrated LNG ● On June 12, 2022, following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded, a 25% interest in a new joint venture (JV), alongside the national company QatarEnergy ( 75 )%. The new JV will hold a 25% interest in the 32 million tons per annum (Mtpa) NFE project, equivalent to one 8 Mtpa LNG train. The acquisition of the interest in this project was finalized in January 2023. Ø Integrated Power ● On October 26, 2022, TotalEnergies and Casa dos Ventos (CDV), Brazil's leading renewable energy developer, announced the creation of a 34% (TTE)/ 66% (CDV) joint venture to jointly develop, build and operate the renewable portfolio of Casa Dos Ventos. This portfolio includes 700 MW of onshore wind capacity in operation, 1 GW of onshore wind under construction, 2.8 GW of onshore wind and 1.6 GW of solar projects under well advanced development (COD 1 within 5 years ). Besides, the newly formed JV will have the right to acquire the current and new projects that are or will be developed by CDV as they reach execution stage. The transaction amounts to a payment of $0.5 billion and an earn-out of up to $30 million for the acquisition of a 34% stake in the JV. In addition, TotalEnergies will have the option to acquire an additional 15% equity share in 2027. The transaction was completed in January 2023. 2.2) Major business combinations Ø Exploration & Production ● Acquisition of participating interest in SARB and Umm Lulu offshore concession In accordance with IFRS 3 “Business combinations”, TotalEnergies is assessing the fair value of identifiable acquired assets, liabilities and contingent liabilities on the basis of available information. A preliminary purchase price allocation has been done in the second quarter following the acquisition, this assessment will be finalized within 12 months following the acquisition date. ​ 2.3) Divestment projects Ø Exploration & Production On April 27, 2023, TotalEnergies announced the signature of an agreement with Suncor Energy Inc. for the sale of the entirety of the shares of TotalEnergies EP Canada Ltd for a consideration including a 5.5 billion Canadian dollar cash payment at closing (about US$4.1 billion) and additional payments that could reach a maximum of 600 million Canadian dollar (about US$450 million) under specific conditions. The transaction was subject to the waiver of TotalEnergies EP Canada Ltd’s partners pre-emption rights and customary closing conditions, notably the required approval from public authorities. 1 On May 26, 2023 ConocoPhillips has notified TotalEnergies that it is exercising its preemption right to purchase the 50% interest in the Surmont asset held by TotalEnergies EP Canada Ltd. TotalEnergies will receive from ConocoPhillips a cash payment upon closing of 4.0 billion Canadian dollar (about US$3 billion) and additional payments that could reach a maximum of 440 million Canadian dollar (about US$325 million) under specific conditions for its 50% non-operated interest in the Surmont asset and associated logistics commitments. Closing is expected in the second half year of 2023. Following the exercise by ConocoPhillips of its preemption right, TotalEnergies and Suncor are continuing discussions regarding the sale of TotalEnergies EP Canada Ltd shares, including the Fort Hills working interest and the associated logistics. As of June 30, 2023, the assets and liabilities have been respectively classified in the consolidated balance sheet as “assets classified as held for sale” for an amount of $5,435 million and “liabilities classified as held for sale” for an amount of $893 million. These assets mainly include tangible assets. Ø Marketing & Services On March 16, 2023, TotalEnergies and Alimentation Couche-Tard have signed agreements covering TotalEnergies' retail networks in four European countries. As part of this agreement, TotalEnergies will join forces with Couche-Tard in Belgium and Luxembourg and transfer its networks in Germany and the Netherlands. This planned transaction, which is based on an enterprise value of 3.1 billion euros, is subject to the usual conditions for completion, including the consultation processes of employee representatives and securing of the mandatory authorizations from competition authorities. As of June 30, 2023, the assets and liabilities have been respectively classified in the consolidated balance sheet as “assets classified as held for sale” for an amount of $1,901 million and “liabilities classified as held for sale” for an amount of $1,227 million. These assets mainly include tangible assets.

Business segment information

Business segment information	6 Months Ended
	Jun. 30, 2023
Business segment information
Business segment information	3) Business segment information Description of the business segments Financial information by business segment is reported in accordance with the internal reporting system and shows internal segment information that is used to manage and measure the performance of TotalEnergies and which is reviewed by the main operational decision-making body of the Company, namely the Executive Committee. The operational profit and assets are broken down by business segment prior to the consolidation and inter-segment adjustments. Sales prices between business segments approximate market prices. The profitable growth in the LNG and power integrated value chains are two of the key axes of TotalEnergies’s strategy. In order to give more visibility to these businesses, the Board of Directors has decided that from the first quarter 2023, Integrated LNG and Integrated Power results, previously grouped in the Integrated Gas, Renewables & Power (iGRP) segment, would be reported separately as two segments. A new reporting structure for the business segments’ financial information has been put in place, effective January 1, 2023. It is based on the following five business segments: - An Exploration-Production segment; - An Integrated LNG segment covering LNG production and trading activities as well as biogas, hydrogen and gas trading activities; - An Integrated Power segment covering generation, storage, electricity trading and B2B-B2C distribution of gas and electricity; - A Refining & Chemicals segment constituting a major industrial hub comprising the activities of refining, petrochemicals and specialty chemicals. This segment also includes the activities of oil Supply, Trading and marine Shipping; - A Marketing & Services segment including the global activities of supply and marketing in the field of petroleum products; In addition the Corporate segment includes holdings operating and financial activities. This new segment reporting has been prepared in accordance with IFRS 8 and according to the same principles as the internal reporting followed by the TotalEnergies's Executive Committee. For the Integrated LNG and Integrated Power segments, the principles for the preparation of this segment information are as follows: - The management of balance sheet positions (including margin calls) related to to centralized markets access for LNG, gas and power activities since 2022 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 operating income of Integrated LNG segment. - Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment. Due to the change in the Company's internal organizational structure affecting the composition of the business segments, the segment reporting data for the years 2021 and 2022 has been restated. Adjustment items Performance indicators excluding the adjustment items, such as adjusted operating income, adjusted net operating income, and adjusted net income are meant to facilitate the analysis of the financial performance and the comparison of income between periods. Adjustment items include: (i) Special items Due to their unusual nature or particular significance, certain transactions qualified 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 course of business, may be qualified as special items although they may have occurred within prior years or are likely to occur again within the coming years. (ii) The inventory valuation effect 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’ performance and facilitate the comparability of the segments’ performance with those of its competitors. In the replacement cost method, which approximates the LIFO (Last-In, First-Out) 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 the difference between the results according to the FIFO (First-In, First-Out) and the replacement cost methods. ​ (iii) Effect of changes in fair value The effect of changes in fair value presented as adjustment items reflects for certain transactions differences between the internal measure of performance used by TotalEnergies’s management 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 trading inventories based on forward prices. TotalEnergies, in its trading activities, enters into storage contracts, whose future effects are recorded at fair value in the Company’s 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 indicators defer the fair value on derivatives to match with the transaction occurrence. The adjusted results (adjusted operating income, adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted for special items and the effect of changes in fair value. 3.1) Information by business segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 3,388 ​ 6,892 14,804 49,704 44,071 15 - 118,874 Intersegment sales 20,836 ​ 8,777 2,355 17,691 321 121 (50,101) - Excise taxes - ​ - - (415) (8,692) - - (9,107) Revenues from sales 24,224 ​ 15,669 17,159 66,980 35,700 136 (50,101) 109,767 Operating expenses (9,924) ​ (13,242) (16,165) (63,934) (34,459) (437) 50,101 (88,060) Depreciation, depletion and impairment of tangible assets and mineral interests (4,183) ​ (565) (98) (808) (465) (49) - (6,168) Operating income 10,117 ​ 1,862 896 2,238 776 (350) - 15,539 Net income (loss) from equity affiliates and other items 53 ​ 1,276 (320) 55 307 (38) - 1,333 Tax on net operating income (5,287) ​ (342) (152) (512) (281) 23 - (6,551) Net operating income 4,883 ​ 2,796 424 1,781 802 (365) - 10,321 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (538) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (138) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ 9,645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ - - - - - - - Intersegment sales - ​ - - - - - - - Excise taxes - ​ - - - - - - - Revenues from sales - ​ - - - - - - - Operating expenses (33) ​ (700) 67 (640) (177) (57) - (1,540) Depreciation, depletion and impairment of tangible assets and mineral interests (147) ​ - - (36) - - - (183) Operating income (b) (180) ​ (700) 67 (676) (177) (57) - (1,723) Net income (loss) from equity affiliates and other items (179) ​ 12 (457) (96) 217 2 - (501) Tax on net operating income 240 ​ 82 (6) (69) 33 15 - 295 Net operating income (b) (119) ​ (606) (396) (841) 73 (40) - (1,929) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ 80 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (3) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ (1,852) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ - On operating income ​ ​ ​ - ​ - ​ (607) ​ (147) ​ - ​ - ​ - - On net operating income ​ ​ ​ - ​ - ​ (659) ​ (109) ​ - ​ - ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 3,388 ​ 6,892 14,804 49,704 44,071 15 - 118,874 Intersegment sales 20,836 ​ 8,777 2,355 17,691 321 121 (50,101) - Excise taxes - ​ - - (415) (8,692) - - (9,107) Revenues from sales 24,224 ​ 15,669 17,159 66,980 35,700 136 (50,101) 109,767 Operating expenses (9,891) ​ (12,542) (16,232) (63,294) (34,282) (380) 50,101 (86,520) Depreciation, depletion and impairment of tangible assets and mineral interests (4,036) ​ (565) (98) (772) (465) (49) - (5,985) Adjusted operating income 10,297 ​ 2,562 829 2,914 953 (293) - 17,262 Net income (loss) from equity affiliates and other items 232 ​ 1,264 137 151 90 (40) - 1,834 Tax on net operating income (5,527) ​ (424) (146) (443) (314) 8 - (6,846) Adjusted net operating income 5,002 ​ 3,402 820 2,622 729 (325) - 12,250 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (618) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (135) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ 11,497 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 6,621 ​ 1,821 2,041 714 415 65 - 11,677 Total divestments 57 ​ 94 298 60 329 4 - 842 Cash flow from operating activities 8,583 ​ 4,868 999 1,072 (8) (481) - 15,033 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 4,672 ​ 9,408 13,167 66,069 50,056 8 - 143,380 Intersegment sales 27,623 ​ 7,438 1,009 22,062 983 133 (59,248) - Excise taxes - ​ - - (378) (8,607) - - (8,985) Revenues from sales 32,295 ​ 16,846 14,176 87,753 42,432 141 (59,248) 134,395 Operating expenses (11,468) ​ (13,030) (14,686) (80,653) (40,294) (850) 59,248 (101,733) Depreciation, depletion and impairment of tangible assets and mineral interests (4,773) ​ (554) (94) (769) (514) (77) - (6,781) Operating income 16,054 ​ 3,262 (604) 6,331 1,624 (786) - 25,881 Net income (loss) from equity affiliates and other items (3,426) ​ (1,869) 192 505 56 179 - (4,363) Tax on net operating income (7,739) ​ (553) (1) (1,391) (521) 97 - (10,108) Net operating income 4,889 ​ 840 (413) 5,445 1,159 (510) - 11,410 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (555) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (219) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,636 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ (18) 15 - - - - (3) Intersegment sales - ​ - - - - - - - Excise taxes - ​ - - - - - - - Revenues from sales - ​ (18) 15 - - - - (3) Operating expenses (873) ​ 45 (768) 1,722 641 (433) - 334 Depreciation, depletion and impairment of tangible assets and mineral interests (539) ​ (14) - - (33) (9) - (595) Operating income (b) (1,412) ​ 13 (753) 1,722 608 (442) - (264) Net income (loss) from equity affiliates and other items (3,770) ​ (4,508) 11 169 (7) 106 - (7,999) Tax on net operating income 337 ​ (13) 71 (326) (180) 98 - (13) Net operating income (b) (4,845) ​ (4,508) (671) 1,565 421 (238) - (8,276) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 193 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (54) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (8,137) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ - On operating income ​ ​ - ​ - ​ 1,722 ​ 684 ​ - ​ ​ ​ ​ - On net operating income ​ ​ - ​ - ​ 1,597 ​ 503 ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 4,672 ​ 9,426 13,152 66,069 50,056 8 - 143,383 Intersegment sales 27,623 ​ 7,438 1,009 22,062 983 133 (59,248) - Excise taxes - ​ - - (378) (8,607) - - (8,985) Revenues from sales 32,295 ​ 16,864 14,161 87,753 42,432 141 (59,248) 134,398 Operating expenses (10,595) ​ (13,075) (13,918) (82,375) (40,935) (417) 59,248 (102,067) Depreciation, depletion and impairment of tangible assets and mineral interests (4,234) ​ (540) (94) (769) (481) (68) - (6,186) Adjusted operating income 17,466 ​ 3,249 149 4,609 1,016 (344) - 26,145 Net income (loss) from equity affiliates and other items 344 ​ 2,639 181 336 63 73 - 3,636 Tax on net operating income (8,076) ​ (540) (72) (1,065) (341) (1) - (10,095) Adjusted net operating income 9,734 ​ 5,348 258 3,880 738 (272) - 19,686 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (748) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (165) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 18,773 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 6,099 ​ 575 1,736 561 428 34 - 9,433 Total divestments 346 ​ 1,237 244 83 151 12 - 2,073 Cash flow from operating activities 14,536 ​ 6,021 (1,736) 4,633 1,478 (1,031) - 23,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,434 ​ 2,020 6,249 24,849 21,712 7 - 56,271 Intersegment sales 10,108 ​ 2,778 670 8,630 201 64 (22,451) - Excise taxes - ​ - - (231) (4,506) - - (4,737) Revenues from sales 11,542 ​ 4,798 6,919 33,248 17,407 71 (22,451) 51,534 Operating expenses (5,162) ​ (3,797) (6,334) (32,042) (16,672) (276) 22,451 (41,832) Depreciation, depletion and impairment of tangible assets and mineral interests (2,117) ​ (277) (51) (394) (241) (26) - (3,106) Operating income 4,263 ​ 724 534 812 494 (231) - 6,596 Net income (loss) from equity affiliates and other items (15) ​ 472 (250) 3 64 (17) - 257 Tax on net operating income (1,889) ​ (137) (41) (187) (162) (40) - (2,456) Net operating income 2,359 ​ 1,059 243 628 396 (288) - 4,397 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (245) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (64) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,088 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ 76 - ​ - - - - 76 Intersegment sales - ​ - - ​ - - - - - Excise taxes - ​ - - ​ - - - - - Revenues from sales - ​ 76 - ​ - - - - 76 Operating expenses (25) ​ (400) 137 ​ (216) (76) (57) - (637) Depreciation, depletion and impairment of tangible assets and mineral interests (147) ​ - - ​ - - - - (147) Operating income (b) (172) ​ (324) 137 ​ (216) (76) (57) - (708) Net income (loss) from equity affiliates and other items (106) ​ 16 (346) ​ (59) - 2 - (493) Tax on net operating income 288 ​ 37 2 ​ (101) 23 15 - 264 Net operating income (b) 10 ​ (271) (207) ​ (376) (53) (40) - (937) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ 72 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (3) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (868) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ - On operating income ​ ​ - - (192) (60) - ​ ​ ​ - On net operating income ​ ​ - - (332) (45) - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,434 ​ 1,944 6,249 24,849 21,712 7 - 56,195 Intersegment sales 10,108 ​ 2,778 670 8,630 201 64 (22,451) - Excise taxes - ​ - - (231) (4,506) - - (4,737) Revenues from sales 11,542 ​ 4,722 6,919 33,248 17,407 71 (22,451) 51,458 Operating expenses (5,137) ​ (3,397) (6,471) (31,826) (16,596) (219) 22,451 (41,195) Depreciation, depletion and impairment of tangible assets and mineral interests (1,970) ​ (277) (51) (394) (241) (26) - (2,959) Adjusted operating income 4,435 ​ 1,048 397 1,028 570 (174) - 7,304 Net income (loss) from equity affiliates and other items 91 ​ 456 96 62 64 (19) - 750 Tax on net operating income (2,177) ​ (174) (43) (86) (185) (55) - (2,720) Adjusted net operating income 2,349 ​ 1,330 450 1,004 449 (248) - 5,334 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (317) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (61) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 2,569 ​ 626 807 489 256 30 - 4,777 Total divestments 26 ​ 45 149 52 28 4 - 304 Cash flow from operating activities 4,047 ​ 1,332 2,284 1,923 665 (351) - 9,900 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 2,521 ​ 3,901 6,380 35,061 26,907 4 - 74,774 Intersegment sales 13,805 ​ 3,940 488 12,785 716 70 (31,804) - Excise taxes - ​ - - (186) (4,143) - - (4,329) Revenues from sales 16,326 ​ 7,841 6,868 47,660 23,480 74 (31,804) 70,445 Operating expenses (5,760) ​ (6,144) (7,392) (43,242) (22,310) (557) 31,804 (53,601) Depreciation, depletion and impairment of tangible assets and mineral interests (2,112) ​ (276) (51) (389) (241) (33) - (3,102) Operating income 8,454 ​ 1,421 (575) 4,029 929 (516) - 13,742 Net income (loss) from equity affiliates and other items (3,668) ​ 626 197 349 98 71 - (2,327) Tax on net operating income (3,876) ​ (292) 32 (866) (296) (8) - (5,306) Net operating income 910 ​ 1,755 (346) 3,512 731 (453) - 6,109 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (305) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (112) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ (15) - ​ - - - - (15) Intersegment sales - ​ - - ​ - - - - - Excise taxes - ​ - - ​ - - - - - Revenues from sales - ​ (15) - ​ - - - - (15) Operating expenses (82) ​ 152 (758) ​ 775 373 (301) - 159 Depreciation, depletion and impairment of tangible assets and mineral interests (46) ​ (14) - ​ - (4) - - (64) Operating income (b) (128) ​ 123 (758) ​ 775 369 (301) - 80 Net income (loss) from equity affiliates and other items (3,756) ​ (560) 2 ​ 52 (4) - - (4,266) Tax on net operating income 75 ​ (23) 70 ​ (75) (100) 78 - 25 Net operating income (b) (3,809) ​ (460) (686) ​ 752 265 (223) - (4,161) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 80 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (23) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (4,104) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ - On operating income ​ ​ - - 775 376 - - ​ - - On net operating income ​ ​ - - 752 275 - - ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 2,521 ​ 3,916 6,380 35,061 26,907 4 - 74,789 Intersegment sales 13,805 ​ 3,940 488 12,785 716 70 (31,804) - Excise taxes - ​ - - (186) (4,143) - - (4,329) Revenues from sales 16,326 ​ 7,856 6,868 47,660 23,480 74 (31,804) 70,460 Operating expenses (5,678) ​ (6,296) (6,634) (44,017) (22,683) (256) 31,804 (53,760) Depreciation, depletion and impairment of tangible assets and mineral interests (2,066) ​ (262) (51) (389) (237) (33) - (3,038) Adjusted operating income 8,582 ​ 1,298 183 3,254 560 (215) - 13,662 Net income (loss) from equity affiliates and other items 88 ​ 1,186 195 297 102 71 - 1,939 Tax on net operating income (3,951) ​ (269) (38) (791) (196) (86) - (5,331) Adjusted net operating income 4,719 ​ 2,215 340 2,760 466 (230) - 10,270 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (385) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (89) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9,796 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 4,128 ​ 285 587 333 288 25 - 5,646 Total divestments 63 ​ 393 73 56 72 7 - 664 Cash flow from operating activities 8,768 ​ 3,802 168 3,526 580 (560) - 16,284 ​ 3.2) Reconciliation of the information by business segment with consolidated financial statements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 1 st half 2023 ​ ​ ​ ​ ​ statement of (M$) Adjusted Adjustments (a) income Sales ​ 118,874 ​ - ​ 118,874 Excise taxes (9,107) - (9,107) Revenues from sales 109,767 - 109,767 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (70,858) (1,357) (72,215) Other operating expenses (15,506) (185) (15,691) Exploration costs (156) 2 (154) Depreciation, depletion and impairment of tangible assets and mineral interests (5,985) (183) (6,168) Other income 193 264 457 Other expense (393) (273) (666) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (1,434) - (1,434) Financial income and expense from cash & cash equivalents 775 128 903 Cost of net debt (659) 128 (531) ​ ​ ​ ​ ​ ​ ​ Other financial income 649 22 671 Other financial expense (356) - (356) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 1,741 (514) 1,227 ​ ​ ​ ​ ​ ​ ​ Income taxes (6,805) 247 (6,558) Consolidated net income 11,632 (1,849) 9,783 TotalEnergies share 11,497 (1,852) 9,645 Non-controlling interests 135 3 138 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 1 st half 2022 ​ ​ ​ ​ ​ statement of (M$) Adjusted Adjustments (a) income Sales ​ 143,383 ​ (3) ​ 143,380 Excise taxes (8,985) - (8,985) Revenues from sales 134,398 (3) 134,395 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (86,785) 1,694 (85,091) Other operating expenses (15,029) (635) (15,664) Exploration costs (253) (725) (978) Depreciation, depletion and impairment of tangible assets and mineral interests (6,186) (595) (6,781) Other income 550 22 572 Other expense (798) (2,797) (3,595) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (1,034) - (1,034) Financial income and expense from cash & cash equivalents 189 270 459 Cost of net debt (845) 270 (575) ​ ​ ​ ​ ​ ​ ​ Other financial income 350 84 434 Other financial expense (271) - (271) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 3,805 (5,308) (1,503) ​ ​ ​ ​ ​ ​ ​ Income taxes (9,998) (90) (10,088) Consolidated net income 18,938 (8,083) 10,855 TotalEnergies share 18,773 (8,137) 10,636 Non-controlling interests 165 54 219 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 2 nd quarter 2023 ​ ​ ​ ​ ​ statement (M$) Adjusted Adjustments (a) of income Sales 56,195 76 56,271 Excise taxes (4,737) - ​ (4,737) Revenues from sales 51,458 76 51,534 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (33,379) (485) (33,864) Other operating expenses (7,754) (152) (7,906) Exploration costs (62) - (62) Depreciation, depletion and impairment of tangible assets and mineral interests (2,959) (147) (3,106) Other income 116 - 116 Other expense (256) (110) (366) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (724) - (724) Financial income and expense from cash & cash equivalents 402 108 510 Cost of net debt (322) 108 (214) ​ ​ ​ ​ ​ ​ ​ Other financial income 401 12 413 Other financial expense (173) - (173) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 662 (395) 267 ​ ​ ​ ​ ​ ​ ​ Income taxes (2,715) 228 (2,487) Consolidated net income 5,017 (865) 4,152 TotalEnergies share 4,956 (868) 4,088 Non-controlling interests 61 3 64 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 2 nd quarter 2022 ​ ​ ​ ​ ​ statement (M$) Adjusted Adjustments (a) of income Sales 74,789 (15) 74,774 Excise taxes (4,329) - ​ (4,329) Revenues from sales 70,460 (15) 70,445 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (46,023) 580 (45,443) Other operating expenses (7,620) (421) (8,041) Exploration costs (117) - (117) Depreciation, depletion and impairment of tangible assets and mineral interests (3,038) (64) (3,102) Other income 429 - 429 Other expense (529) (776) (1,305) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (572) - (572) Financial income and expense from cash & cash equivalents 130 115 245 Cost of net debt (442) 115 (327) ​ ​ ​ ​ ​ ​ ​ Other financial income 231 - 231 Other financial expense (136) - (136) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 1,944 (3,490) (1,546) ​ ​ ​ ​ ​ ​ ​ Income taxes (5,274) (10) (5,284) Consolidated net income 9,885 (4,081) 5,804 TotalEnergies share 9,796 (4,104) 5,692 Non-controlling interests 89 23 112 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ 3.3) Adjustment items The detail of the adjustment items is presented in the table below. ADJUSTMENTS TO OPERATING INCOME ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ (M$) ​ Production LNG Power Chemicals Services Corporate Total 2 nd quarter 2023 ​ Inventory valuation effect ​ - ​ - ​ - ​ (192) ​ (60) ​ - ​ (252) ​ ​ Effect of changes in fair value ​ - ​ (322) ​ 165 ​ - ​ - ​ - ​ (157) ​ Restructuring charges - ​ - - - - - - ​ Asset impairment and provisions charges (155) ​ - - - - - (155) ​ ​ Gains (losses) on disposals of assets ​ – ​ – ​ – ​ – ​ – ​ – ​ – ​ Other items (17) ​ (2) (28) (24) (16) (57) (144) Total ​ ​ (172) ​ (324) 137 (216) (76) (57) (708) 2 nd quarter 2022 Inventory valuation effect - ​ - ​ - ​ 775 ​ 376 ​ - ​ 1,151 ​ Effect of changes in fair value - ​ 141 ​ (738) ​ - ​ - ​ - ​ (597) ​ Restructuring charges - ​ - (17) - - - (17) ​ Asset impairment and provisions charges (46) ​ (18) - - 4 - (60) ​ Other items (82) ​ - (3) - (11) (301) (397) Total ​ ​ (128) ​ 123 (758) 775 369 (301) 80 1 st half 2023 Inventory valuation effect - ​ - - (607) (147) - (754) ​ Effect of changes in fair value - ​ (698) 95 - - - (603) ​ Restructuring charges - ​ - - - - - - ​ Asset impairment and provisions charges (155) ​ - - (45) - - (200) ​ ​ Gains (losses) on disposals of assets ​ – ​ – ​ – ​ – ​ (14) ​ – ​ (14) ​ Other items (25) ​ (2) (28) (24) (16) (57) (152) Total ​ ​ (180) ​ (700) 67 (676) (177) (57) (1,723) 1 st half 2022 Inventory valuation effect - ​ - - 1,722 684 - 2,406 ​ Effect of changes in fair value - ​ 31 (716) - - - (685) ​ Restructuring charges - ​ - (22) - - - (22) ​ Asset impairment and provisions charges (1,330) ​ (18) - - (65) (9) (1,422) ​ Other items (82) ​ - (15) - (11) (433) (541) Total ​ ​ (1,412) ​ 13 (753) 1,722 608 (442) (264) ​ ​ ADJUSTMENTS TO NET INCOME, TotalEnergies SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ (M$) ​ Production LNG Power Chemicals Services Corporate Total 2 nd quarter 2023 ​ Inventory valuation effect ​ - ​ - ​ - ​ (333) ​ (47) ​ - ​ (380) ​ ​ Effect of changes in fair value ​ - ​ (286) ​ 175 ​ - ​ - ​ - ​ (111) ​ Restructuring charges - ​ - (5) - - - (5) ​ Asset impairment and provisions charges (123) ​ - (346) - - - (469) ​ Gains (losses) on disposals of assets - ​ - ​ - - - - - ​ Other items 188 ​ 15 (31) (44) (8) (23) 97 Total ​ ​ 65 ​ (271) (207) (377) (55) (23) (868) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 Inventory valuation effect - ​ - ​ - ​ 738 ​ 255 ​ - ​ 993 ​ Effect of changes in fair value - ​ 118 ​ (669) ​ - ​ - ​ - ​ (551) ​ Restructuring charges - ​ - (8) - - - (8) ​ Asset impairment and provisions charges (3,493) ​ (226) - - - - (3,719) ​ Gains (losses) on disposals of assets - ​ - ​ - - - - - ​ Other items (286) ​ (352) - - (8) (173) (819) Total ​ ​ (3,779) ​ (460) (677) 738 247 (173) (4,104) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 Inventory valuation effect - ​ - - (658) (113) - (771) ​ Effect of changes in fair value - ​ (617) 72 - - - (545) ​ Restructuring charges - ​ - (5) - - - (5) ​ Asset impairment and provisions charges (123) ​ - (346) (60) - - (529) ​ Gains (losses) on disposals of assets - ​ - ​ - - 203 - 203 ​ Other items 103 ​ 11 (117) (122) (21) (59) (205) Total ​ ​ (20) ​ (606) (396) (840) 69 (59) (1,852) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 Inventory valuation effect - ​ - - 1,573 460 - 2,033 ​ Effect of changes in fair value - ​ 18 (649) - - - (631) ​ Restructuring charges - ​ - (11) - - - (11) ​ Asset impairment and provisions charges (4,525) ​ (4,174) - - (72) (9) (8,780) ​ Gains (losses) on disposals of assets - ​ - ​ - - - - - ​ Other items (272) ​ (352) - (32) (8) (84) (748) Total ​ ​ (4,797) ​ (4,508) (660) 1,541 380 (93) (8,137) ​

Shareholders' equity

Shareholders' equity	6 Months Ended
	Jun. 30, 2023
Shareholders' equity
Shareholders' equity	4) Shareholders’ equity Treasury shares (TotalEnergies shares held directly by TotalEnergies SE) ​ ​ ​ ​ ​ ​ ​ December 31, 2022 June 30, 2023 Number of treasury shares 137,187,667 68,505,002 Percentage of share capital 5.24% ​ 2.74% Of which shares acquired with the intention to cancel them ​ 128,869,261 65,043,639 Of which shares allocated to TotalEnergies share performance plans for Company employees 8,231,365 3,362,143 Of which shares intended to be allocated to new share performance or purchase options plans 87,041 ​ 99,220 ​ Dividend The Shareholder’s Meeting of May 26, 2023 approved the distribution of an ordinary dividend at €2.81 per share and confirmed the €1 per share exceptional dividend for the fiscal year 2022, i.e. a total amount of €3.81 per share. The final dividend (ordinary and exceptional) for fiscal year 2022 was paid according to the following timetable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ordinary dividend 2022 First interim Second interim Third interim Final Amount ​ €0.69 ​ €0.69 ​ €0.69 ​ €0.74 Set date ​ April 27, 2022 ​ July 27, 2022 ​ October 26, 2022 ​ May 26, 2023 Ex-dividend date ​ September 21, 2022 ​ January 2, 2023 ​ March 22, 2023 ​ June 21, 2023 Payment date ​ October 3, 2022 ​ January 12, 2023 ​ April 3, 2023 ​ July 3, 2023 ​ Special interim dividend 2022 ​ ​ ​ ​ Amount per share € 1 Ex-dividend date ​ December 6, 2022 Payment date ​ December 16, 2022 ​ The Board of Directors, during its April 26, 2023 meeting, set the first interim dividend for the fiscal year 2023 at €0.74 per share. The ex-dividend date of this intermin dividend will be September 20, 2023 and it will be paid in cash on October 2, 2023. ​ Furthermore, the Board of Directors, during its July 26, 2023 meeting, set the second interim dividend for the fiscal year 2023 at €0.74 per share, i.e an amount equal to the aforementioned first interim dividend. The ex-dividend date of this intermin dividend will be January 2, 2024 and it will be paid in cash on January 12, 2024. ​ ​ ​ ​ ​ ​ Dividend 2023 First interim Second interim Amount ​ € 0.74 ​ € 0.74 Set date ​ April 26, 2023 ​ July 26, 2023 Ex-dividend date ​ September 20, 2023 ​ January 2, 2024 Payment date ​ October 2, 2023 ​ January 12, 2024 ​ Earnings per share in Euro Earnings per share in Euro, calculated from the earnings per share in U.S. dollars converted at the average Euro/USD exchange rate for the period, amounted to € nd € st € nd € nd € st € nd Earnings per share are calculated after remuneration of perpetual subordinated notes. Perpetual subordinated notes TotalEnergies SE has not issued any perpetual subordinated notes during the first six months of 2023. TotalEnergies SE fully reimbursed the nominal amount of €1,000 million of its perpetual subordinated notes 2.708% issued in October 2016, on their first call date, on May 5th, 2023. Other comprehensive income Detail of other comprehensive income is presented in the table below: ​ ​ ​ ​ ​ ​ (M$) 1 st half 2023 1 st half 2022 Actuarial gains and losses 138 204 ​ ​ ​ ​ ​ Change in fair value of investments in equity instruments 3 (17) ​ ​ ​ ​ ​ Tax effect (51) (42) Currency translation adjustment generated by the parent company 1,409 (7,137) Sub-total items not potentially reclassifiable to profit and loss 1,499 (6,992) ​ ​ ​ ​ ​ Currency translation adjustment (1,299) 3,535 - unrealized gain/(loss) of the period (1,381) 3,532 - less gain/(loss) included in net income (82) (3) ​ ​ ​ ​ ​ Cash flow hedge 1,891 2,959 - unrealized gain/(loss) of the period 1,699 2,901 - less gain/(loss) included in net income (192) (58) ​ ​ ​ ​ ​ Variation of foreign currency basis spread 8 70 - unrealized gain/(loss) of the period (8) 49 - less gain/(loss) included in net income (16) (21) ​ ​ ​ ​ ​ Share of other comprehensive income of equity affiliates, net amount (95) 2,464 - unrealized gain/(loss) of the period (84) 2,427 - less gain/(loss) included in net income 11 (37) ​ ​ ​ ​ ​ Other (1) (1) ​ ​ ​ ​ ​ Tax effect (472) (1,059) Sub-total items potentially reclassifiable to profit and loss 32 7,968 Total other comprehensive income (net amount) 1,531 976 ​ Tax effects relating to each component of other comprehensive income are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 1 st half 2022 ​ ​ Pre-tax ​ ​ ​ ​ ​ ​ Pre-tax ​ ​ ​ ​ (M$) amount Tax effect Net amount amount Tax effect Net amount ​ Actuarial gains and losses ​ 138 ​ (50) ​ 88 ​ ​ 204 ​ (53) ​ 151 ​ Change in fair value of investments in equity instruments ​ 3 ​ (1) ​ 2 ​ ​ (17) ​ 11 ​ (6) ​ Currency translation adjustment generated by the parent company ​ 1,409 ​ - ​ 1,409 ​ ​ (7,137) ​ - ​ (7,137) ​ Sub-total items not potentially reclassifiable to profit and loss ​ 1,550 ​ (51) ​ 1,499 ​ ​ (6,950) ​ (42) ​ (6,992) ​ Currency translation adjustment ​ (1,299) ​ - ​ (1,299) ​ ​ 3,535 ​ - ​ 3,535 ​ Cash flow hedge ​ 1,891 ​ (470) ​ 1,421 ​ ​ 2,959 ​ (1,041) ​ 1,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variation of foreign currency basis spread ​ 8 ​ (2) ​ 6 ​ ​ 70 ​ (18) ​ 52 ​ Share of other comprehensive income of equity affiliates, net amount ​ (95) ​ - ​ (95) ​ ​ 2,464 ​ - ​ 2,464 ​ Other ​ (1) ​ - ​ (1) ​ ​ (1) ​ - ​ (1) ​ Sub-total items potentially reclassifiable to profit and loss ​ 504 ​ (472) ​ 32 ​ ​ 9,027 ​ (1,059) ​ 7,968 ​ Total other comprehensive income ​ 2,054 ​ (523) ​ 1,531 ​ ​ 2,077 ​ (1,101) ​ 976 ​ ​

Financial debt

Financial debt	6 Months Ended
	Jun. 30, 2023
Financial debt
Financial debt	5) Financial debt The Company has not issued any new senior bond during the first six months of 2023. The Company reimbursed two senior bonds during the first six months of 2023: - Bond 2.700% issued by TotalEnergies Capital International in 2012 and maturing in January 2023 ($1,000 million); - Bond 2.125% issued by TotalEnergies Capital International in 2012 (€500 million) and tapped in 2013 (€250 million) forming a single series (€750 million) and maturing in March 2023. In addition, the $8 billion credit line, put in place in March 2022, has not

Related parties

Related parties	6 Months Ended
	Jun. 30, 2023
Related parties
Related parties	6) Related parties The related parties are mainly equity affiliates and non-consolidated investments. There were no major changes concerning transactions with related parties during the first six months of 2023.

Other risks and contingent liab

Other risks and contingent liabilities	6 Months Ended
	Jun. 30, 2023
Other risks and contingent liabilities
Other risks and contingent liabilities	7) Other risks and contingent liabilities TotalEnergies is not currently aware of any exceptional event, dispute, risks or contingent liabilities that could have a material impact on the assets and liabilities, results, financial position or operations of the TotalEnergies, other than those mentioned below. Yemen In Yemen, the deterioration of security conditions in the vicinity of the Balhaf site caused the company Yemen LNG, in which TotalEnergies holds a stake of 39.62%, to stop its commercial production and export of LNG and to declare force majeure to its various stakeholders in 2015. The plant has been put in preservation mode. Mozambique Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, TotalEnergies has confirmed on April 26, 2021, the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation led TotalEnergies, as operator of Mozambique LNG project, to declare force majeure. Disputes relating to Climate In France, the Corporation was summoned in January 2020 before Nanterre’s Court of Justice by certain associations and local communities in order to oblige the Company to complete its Vigilance Plan, by identifying in detail risks relating to a global warming above 1.5°C, as well as indicating the expected amount of future greenhouse gas emissions related to the Company’s activities and its product utilization by third parties and in order to obtain an injunction ordering the Corporation to immediately cease exploration and exploitation of new oil or gas fields, to reduce its oil and gas production by 2030 and 2050, and to reduce its net direct and indirect CO 2 Several associations in France brought a civil action against TotalEnergies and TotalEnergies Gaz et Electricité France before the Paris judicial court, with the aim of proving that since May 2021 – after the change of name of TotalEnergies – the Company’s corporate communication and its publicity campaign contain environmental claims that are either false or misleading for the consumer. TotalEnergies considers that these accusations are unfounded. In France, on July 4, 2023, nine shareholders (two companies and 7 individuals holding a small number of the Corporation's shares) brought an action against the Corporation before the Nanterre Commercial Court, seeking the annulment of resolution no. 3 passed by the Corporation's Annual Shareholders’ Meeting on May 26, 2023, recording the results for fiscal year 2022 and setting the amount of the dividend to be distributed for fiscal year 2022. The plaintiffs essentially allege an insufficient provision for impairment of the Company's assets in the financial statements for the fiscal year 2022, due to the insufficient consideration of future risks and costs related to the consequences of greenhouse gas emissions emitted by its customers (scope 3) and carbon cost assumptions presented as too low. The Corporation considers this action to be unfounded. In the United States, US subsidiaries of TotalEnergies (TotalEnergies EP USA, Inc. and TotalEnergies Marketing USA, Inc.) were summoned, amongst many companies and professional associations, in a number of "climate litigation" cases, seeking to establish legal liability for past greenhouse gas emissions, and to compensate plaintiff public authorities, in particular for adaptation costs. The Corporation was summoned, along with one of its subsidiaries, in one of these litigations. The Corporation and its subsidiaries consider that the courts lack jurisdiction, and have many arguments to put forward, and consider that the past and present behavior of the Corporation and its subsidiaries does not constitute a fault susceptible to give rise to liability.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2023
Subsequent events
Subsequent events	8) Subsequent events On June 30, 2023, TotalEnergies held an interest of 33.86% in Total Eren Holding and an interest of 5.73% in Total Eren SA. On June 29, 2023, the Company exercised the option it had to acquire all the shares of these two companies, exercisable over a period of 3 months between April 1, 2023 and June 30, 2023. The acquisition of the shares was finalized on July 24, 2023 for a net investment of around 1.5 billion euros.

Basis of preparation of the c_2

Basis of preparation of the consolidated financial statements (Policies)	6 Months Ended
	Jun. 30, 2023
Basis of preparation of the consolidated financial statements
Accounting principles applied in the interim financial statements	The accounting principles applied for the consolidated financial statements at June 30, 2023, are consistent with those used for the financial statements at December 31, 2022.

Business segment information (T

Business segment information (Tables)	6 Months Ended
	Jun. 30, 2023
Business segment information
Schedule of information by business segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 3,388 ​ 6,892 14,804 49,704 44,071 15 - 118,874 Intersegment sales 20,836 ​ 8,777 2,355 17,691 321 121 (50,101) - Excise taxes - ​ - - (415) (8,692) - - (9,107) Revenues from sales 24,224 ​ 15,669 17,159 66,980 35,700 136 (50,101) 109,767 Operating expenses (9,924) ​ (13,242) (16,165) (63,934) (34,459) (437) 50,101 (88,060) Depreciation, depletion and impairment of tangible assets and mineral interests (4,183) ​ (565) (98) (808) (465) (49) - (6,168) Operating income 10,117 ​ 1,862 896 2,238 776 (350) - 15,539 Net income (loss) from equity affiliates and other items 53 ​ 1,276 (320) 55 307 (38) - 1,333 Tax on net operating income (5,287) ​ (342) (152) (512) (281) 23 - (6,551) Net operating income 4,883 ​ 2,796 424 1,781 802 (365) - 10,321 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (538) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (138) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ 9,645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ - - - - - - - Intersegment sales - ​ - - - - - - - Excise taxes - ​ - - - - - - - Revenues from sales - ​ - - - - - - - Operating expenses (33) ​ (700) 67 (640) (177) (57) - (1,540) Depreciation, depletion and impairment of tangible assets and mineral interests (147) ​ - - (36) - - - (183) Operating income (b) (180) ​ (700) 67 (676) (177) (57) - (1,723) Net income (loss) from equity affiliates and other items (179) ​ 12 (457) (96) 217 2 - (501) Tax on net operating income 240 ​ 82 (6) (69) 33 15 - 295 Net operating income (b) (119) ​ (606) (396) (841) 73 (40) - (1,929) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ 80 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (3) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ (1,852) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ - On operating income ​ ​ ​ - ​ - ​ (607) ​ (147) ​ - ​ - ​ - - On net operating income ​ ​ ​ - ​ - ​ (659) ​ (109) ​ - ​ - ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 3,388 ​ 6,892 14,804 49,704 44,071 15 - 118,874 Intersegment sales 20,836 ​ 8,777 2,355 17,691 321 121 (50,101) - Excise taxes - ​ - - (415) (8,692) - - (9,107) Revenues from sales 24,224 ​ 15,669 17,159 66,980 35,700 136 (50,101) 109,767 Operating expenses (9,891) ​ (12,542) (16,232) (63,294) (34,282) (380) 50,101 (86,520) Depreciation, depletion and impairment of tangible assets and mineral interests (4,036) ​ (565) (98) (772) (465) (49) - (5,985) Adjusted operating income 10,297 ​ 2,562 829 2,914 953 (293) - 17,262 Net income (loss) from equity affiliates and other items 232 ​ 1,264 137 151 90 (40) - 1,834 Tax on net operating income (5,527) ​ (424) (146) (443) (314) 8 - (6,846) Adjusted net operating income 5,002 ​ 3,402 820 2,622 729 (325) - 12,250 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (618) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (135) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ 11,497 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 6,621 ​ 1,821 2,041 714 415 65 - 11,677 Total divestments 57 ​ 94 298 60 329 4 - 842 Cash flow from operating activities 8,583 ​ 4,868 999 1,072 (8) (481) - 15,033 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 4,672 ​ 9,408 13,167 66,069 50,056 8 - 143,380 Intersegment sales 27,623 ​ 7,438 1,009 22,062 983 133 (59,248) - Excise taxes - ​ - - (378) (8,607) - - (8,985) Revenues from sales 32,295 ​ 16,846 14,176 87,753 42,432 141 (59,248) 134,395 Operating expenses (11,468) ​ (13,030) (14,686) (80,653) (40,294) (850) 59,248 (101,733) Depreciation, depletion and impairment of tangible assets and mineral interests (4,773) ​ (554) (94) (769) (514) (77) - (6,781) Operating income 16,054 ​ 3,262 (604) 6,331 1,624 (786) - 25,881 Net income (loss) from equity affiliates and other items (3,426) ​ (1,869) 192 505 56 179 - (4,363) Tax on net operating income (7,739) ​ (553) (1) (1,391) (521) 97 - (10,108) Net operating income 4,889 ​ 840 (413) 5,445 1,159 (510) - 11,410 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (555) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (219) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 10,636 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ (18) 15 - - - - (3) Intersegment sales - ​ - - - - - - - Excise taxes - ​ - - - - - - - Revenues from sales - ​ (18) 15 - - - - (3) Operating expenses (873) ​ 45 (768) 1,722 641 (433) - 334 Depreciation, depletion and impairment of tangible assets and mineral interests (539) ​ (14) - - (33) (9) - (595) Operating income (b) (1,412) ​ 13 (753) 1,722 608 (442) - (264) Net income (loss) from equity affiliates and other items (3,770) ​ (4,508) 11 169 (7) 106 - (7,999) Tax on net operating income 337 ​ (13) 71 (326) (180) 98 - (13) Net operating income (b) (4,845) ​ (4,508) (671) 1,565 421 (238) - (8,276) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 193 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (54) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (8,137) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ - On operating income ​ ​ - ​ - ​ 1,722 ​ 684 ​ - ​ ​ ​ ​ - On net operating income ​ ​ - ​ - ​ 1,597 ​ 503 ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 4,672 ​ 9,426 13,152 66,069 50,056 8 - 143,383 Intersegment sales 27,623 ​ 7,438 1,009 22,062 983 133 (59,248) - Excise taxes - ​ - - (378) (8,607) - - (8,985) Revenues from sales 32,295 ​ 16,864 14,161 87,753 42,432 141 (59,248) 134,398 Operating expenses (10,595) ​ (13,075) (13,918) (82,375) (40,935) (417) 59,248 (102,067) Depreciation, depletion and impairment of tangible assets and mineral interests (4,234) ​ (540) (94) (769) (481) (68) - (6,186) Adjusted operating income 17,466 ​ 3,249 149 4,609 1,016 (344) - 26,145 Net income (loss) from equity affiliates and other items 344 ​ 2,639 181 336 63 73 - 3,636 Tax on net operating income (8,076) ​ (540) (72) (1,065) (341) (1) - (10,095) Adjusted net operating income 9,734 ​ 5,348 258 3,880 738 (272) - 19,686 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (748) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (165) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 18,773 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 6,099 ​ 575 1,736 561 428 34 - 9,433 Total divestments 346 ​ 1,237 244 83 151 12 - 2,073 Cash flow from operating activities 14,536 ​ 6,021 (1,736) 4,633 1,478 (1,031) - 23,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,434 ​ 2,020 6,249 24,849 21,712 7 - 56,271 Intersegment sales 10,108 ​ 2,778 670 8,630 201 64 (22,451) - Excise taxes - ​ - - (231) (4,506) - - (4,737) Revenues from sales 11,542 ​ 4,798 6,919 33,248 17,407 71 (22,451) 51,534 Operating expenses (5,162) ​ (3,797) (6,334) (32,042) (16,672) (276) 22,451 (41,832) Depreciation, depletion and impairment of tangible assets and mineral interests (2,117) ​ (277) (51) (394) (241) (26) - (3,106) Operating income 4,263 ​ 724 534 812 494 (231) - 6,596 Net income (loss) from equity affiliates and other items (15) ​ 472 (250) 3 64 (17) - 257 Tax on net operating income (1,889) ​ (137) (41) (187) (162) (40) - (2,456) Net operating income 2,359 ​ 1,059 243 628 396 (288) - 4,397 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (245) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (64) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,088 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ 76 - ​ - - - - 76 Intersegment sales - ​ - - ​ - - - - - Excise taxes - ​ - - ​ - - - - - Revenues from sales - ​ 76 - ​ - - - - 76 Operating expenses (25) ​ (400) 137 ​ (216) (76) (57) - (637) Depreciation, depletion and impairment of tangible assets and mineral interests (147) ​ - - ​ - - - - (147) Operating income (b) (172) ​ (324) 137 ​ (216) (76) (57) - (708) Net income (loss) from equity affiliates and other items (106) ​ 16 (346) ​ (59) - 2 - (493) Tax on net operating income 288 ​ 37 2 ​ (101) 23 15 - 264 Net operating income (b) 10 ​ (271) (207) ​ (376) (53) (40) - (937) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ 72 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (3) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (868) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ - On operating income ​ ​ - - (192) (60) - ​ ​ ​ - On net operating income ​ ​ - - (332) (45) - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,434 ​ 1,944 6,249 24,849 21,712 7 - 56,195 Intersegment sales 10,108 ​ 2,778 670 8,630 201 64 (22,451) - Excise taxes - ​ - - (231) (4,506) - - (4,737) Revenues from sales 11,542 ​ 4,722 6,919 33,248 17,407 71 (22,451) 51,458 Operating expenses (5,137) ​ (3,397) (6,471) (31,826) (16,596) (219) 22,451 (41,195) Depreciation, depletion and impairment of tangible assets and mineral interests (1,970) ​ (277) (51) (394) (241) (26) - (2,959) Adjusted operating income 4,435 ​ 1,048 397 1,028 570 (174) - 7,304 Net income (loss) from equity affiliates and other items 91 ​ 456 96 62 64 (19) - 750 Tax on net operating income (2,177) ​ (174) (43) (86) (185) (55) - (2,720) Adjusted net operating income 2,349 ​ 1,330 450 1,004 449 (248) - 5,334 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (317) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (61) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,956 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 2,569 ​ 626 807 489 256 30 - 4,777 Total divestments 26 ​ 45 149 52 28 4 - 304 Cash flow from operating activities 4,047 ​ 1,332 2,284 1,923 665 (351) - 9,900 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 2,521 ​ 3,901 6,380 35,061 26,907 4 - 74,774 Intersegment sales 13,805 ​ 3,940 488 12,785 716 70 (31,804) - Excise taxes - ​ - - (186) (4,143) - - (4,329) Revenues from sales 16,326 ​ 7,841 6,868 47,660 23,480 74 (31,804) 70,445 Operating expenses (5,760) ​ (6,144) (7,392) (43,242) (22,310) (557) 31,804 (53,601) Depreciation, depletion and impairment of tangible assets and mineral interests (2,112) ​ (276) (51) (389) (241) (33) - (3,102) Operating income 8,454 ​ 1,421 (575) 4,029 929 (516) - 13,742 Net income (loss) from equity affiliates and other items (3,668) ​ 626 197 349 98 71 - (2,327) Tax on net operating income (3,876) ​ (292) 32 (866) (296) (8) - (5,306) Net operating income 910 ​ 1,755 (346) 3,512 731 (453) - 6,109 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (305) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (112) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 (adjustments) (a) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales - ​ (15) - ​ - - - - (15) Intersegment sales - ​ - - ​ - - - - - Excise taxes - ​ - - ​ - - - - - Revenues from sales - ​ (15) - ​ - - - - (15) Operating expenses (82) ​ 152 (758) ​ 775 373 (301) - 159 Depreciation, depletion and impairment of tangible assets and mineral interests (46) ​ (14) - ​ - (4) - - (64) Operating income (b) (128) ​ 123 (758) ​ 775 369 (301) - 80 Net income (loss) from equity affiliates and other items (3,756) ​ (560) 2 ​ 52 (4) - - (4,266) Tax on net operating income 75 ​ (23) 70 ​ (75) (100) 78 - 25 Net operating income (b) (3,809) ​ (460) (686) ​ 752 265 (223) - (4,161) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 80 Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (23) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (4,104) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ (b) Of which inventory valuation effect ​ ​ ​ ​ ​ - On operating income ​ ​ - - 775 376 - - ​ - - On net operating income ​ ​ - - 752 275 - - ​ - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 (adjusted) ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 2,521 ​ 3,916 6,380 35,061 26,907 4 - 74,789 Intersegment sales 13,805 ​ 3,940 488 12,785 716 70 (31,804) - Excise taxes - ​ - - (186) (4,143) - - (4,329) Revenues from sales 16,326 ​ 7,856 6,868 47,660 23,480 74 (31,804) 70,460 Operating expenses (5,678) ​ (6,296) (6,634) (44,017) (22,683) (256) 31,804 (53,760) Depreciation, depletion and impairment of tangible assets and mineral interests (2,066) ​ (262) (51) (389) (237) (33) - (3,038) Adjusted operating income 8,582 ​ 1,298 183 3,254 560 (215) - 13,662 Net income (loss) from equity affiliates and other items 88 ​ 1,186 195 297 102 71 - 1,939 Tax on net operating income (3,951) ​ (269) (38) (791) (196) (86) - (5,331) Adjusted net operating income 4,719 ​ 2,215 340 2,760 466 (230) - 10,270 Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (385) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (89) Adjusted net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9,796 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 4,128 ​ 285 587 333 288 25 - 5,646 Total divestments 63 ​ 393 73 56 72 7 - 664 Cash flow from operating activities 8,768 ​ 3,802 168 3,526 580 (560) - 16,284
Schedule of reconciliation of the information by business segment with consolidated financial statements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 1 st half 2023 ​ ​ ​ ​ ​ statement of (M$) Adjusted Adjustments (a) income Sales ​ 118,874 ​ - ​ 118,874 Excise taxes (9,107) - (9,107) Revenues from sales 109,767 - 109,767 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (70,858) (1,357) (72,215) Other operating expenses (15,506) (185) (15,691) Exploration costs (156) 2 (154) Depreciation, depletion and impairment of tangible assets and mineral interests (5,985) (183) (6,168) Other income 193 264 457 Other expense (393) (273) (666) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (1,434) - (1,434) Financial income and expense from cash & cash equivalents 775 128 903 Cost of net debt (659) 128 (531) ​ ​ ​ ​ ​ ​ ​ Other financial income 649 22 671 Other financial expense (356) - (356) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 1,741 (514) 1,227 ​ ​ ​ ​ ​ ​ ​ Income taxes (6,805) 247 (6,558) Consolidated net income 11,632 (1,849) 9,783 TotalEnergies share 11,497 (1,852) 9,645 Non-controlling interests 135 3 138 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 1 st half 2022 ​ ​ ​ ​ ​ statement of (M$) Adjusted Adjustments (a) income Sales ​ 143,383 ​ (3) ​ 143,380 Excise taxes (8,985) - (8,985) Revenues from sales 134,398 (3) 134,395 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (86,785) 1,694 (85,091) Other operating expenses (15,029) (635) (15,664) Exploration costs (253) (725) (978) Depreciation, depletion and impairment of tangible assets and mineral interests (6,186) (595) (6,781) Other income 550 22 572 Other expense (798) (2,797) (3,595) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (1,034) - (1,034) Financial income and expense from cash & cash equivalents 189 270 459 Cost of net debt (845) 270 (575) ​ ​ ​ ​ ​ ​ ​ Other financial income 350 84 434 Other financial expense (271) - (271) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 3,805 (5,308) (1,503) ​ ​ ​ ​ ​ ​ ​ Income taxes (9,998) (90) (10,088) Consolidated net income 18,938 (8,083) 10,855 TotalEnergies share 18,773 (8,137) 10,636 Non-controlling interests 165 54 219 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 2 nd quarter 2023 ​ ​ ​ ​ ​ statement (M$) Adjusted Adjustments (a) of income Sales 56,195 76 56,271 Excise taxes (4,737) - ​ (4,737) Revenues from sales 51,458 76 51,534 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (33,379) (485) (33,864) Other operating expenses (7,754) (152) (7,906) Exploration costs (62) - (62) Depreciation, depletion and impairment of tangible assets and mineral interests (2,959) (147) (3,106) Other income 116 - 116 Other expense (256) (110) (366) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (724) - (724) Financial income and expense from cash & cash equivalents 402 108 510 Cost of net debt (322) 108 (214) ​ ​ ​ ​ ​ ​ ​ Other financial income 401 12 413 Other financial expense (173) - (173) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 662 (395) 267 ​ ​ ​ ​ ​ ​ ​ Income taxes (2,715) 228 (2,487) Consolidated net income 5,017 (865) 4,152 TotalEnergies share 4,956 (868) 4,088 Non-controlling interests 61 3 64 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated 2 nd quarter 2022 ​ ​ ​ ​ ​ statement (M$) Adjusted Adjustments (a) of income Sales 74,789 (15) 74,774 Excise taxes (4,329) - ​ (4,329) Revenues from sales 70,460 (15) 70,445 ​ ​ ​ ​ ​ ​ ​ Purchases net of inventory variation (46,023) 580 (45,443) Other operating expenses (7,620) (421) (8,041) Exploration costs (117) - (117) Depreciation, depletion and impairment of tangible assets and mineral interests (3,038) (64) (3,102) Other income 429 - 429 Other expense (529) (776) (1,305) ​ ​ ​ ​ ​ ​ ​ Financial interest on debt (572) - (572) Financial income and expense from cash & cash equivalents 130 115 245 Cost of net debt (442) 115 (327) ​ ​ ​ ​ ​ ​ ​ Other financial income 231 - 231 Other financial expense (136) - (136) ​ ​ ​ ​ ​ ​ ​ Net income (loss) from equity affiliates 1,944 (3,490) (1,546) ​ ​ ​ ​ ​ ​ ​ Income taxes (5,274) (10) (5,284) Consolidated net income 9,885 (4,081) 5,804 TotalEnergies share 9,796 (4,104) 5,692 Non-controlling interests 89 23 112 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​
Schedule of detail of the adjustment items	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ (M$) ​ Production LNG Power Chemicals Services Corporate Total 2 nd quarter 2023 ​ Inventory valuation effect ​ - ​ - ​ - ​ (192) ​ (60) ​ - ​ (252) ​ ​ Effect of changes in fair value ​ - ​ (322) ​ 165 ​ - ​ - ​ - ​ (157) ​ Restructuring charges - ​ - - - - - - ​ Asset impairment and provisions charges (155) ​ - - - - - (155) ​ ​ Gains (losses) on disposals of assets ​ – ​ – ​ – ​ – ​ – ​ – ​ – ​ Other items (17) ​ (2) (28) (24) (16) (57) (144) Total ​ ​ (172) ​ (324) 137 (216) (76) (57) (708) 2 nd quarter 2022 Inventory valuation effect - ​ - ​ - ​ 775 ​ 376 ​ - ​ 1,151 ​ Effect of changes in fair value - ​ 141 ​ (738) ​ - ​ - ​ - ​ (597) ​ Restructuring charges - ​ - (17) - - - (17) ​ Asset impairment and provisions charges (46) ​ (18) - - 4 - (60) ​ Other items (82) ​ - (3) - (11) (301) (397) Total ​ ​ (128) ​ 123 (758) 775 369 (301) 80 1 st half 2023 Inventory valuation effect - ​ - - (607) (147) - (754) ​ Effect of changes in fair value - ​ (698) 95 - - - (603) ​ Restructuring charges - ​ - - - - - - ​ Asset impairment and provisions charges (155) ​ - - (45) - - (200) ​ ​ Gains (losses) on disposals of assets ​ – ​ – ​ – ​ – ​ (14) ​ – ​ (14) ​ Other items (25) ​ (2) (28) (24) (16) (57) (152) Total ​ ​ (180) ​ (700) 67 (676) (177) (57) (1,723) 1 st half 2022 Inventory valuation effect - ​ - - 1,722 684 - 2,406 ​ Effect of changes in fair value - ​ 31 (716) - - - (685) ​ Restructuring charges - ​ - (22) - - - (22) ​ Asset impairment and provisions charges (1,330) ​ (18) - - (65) (9) (1,422) ​ Other items (82) ​ - (15) - (11) (433) (541) Total ​ ​ (1,412) ​ 13 (753) 1,722 608 (442) (264) ​ ​ ADJUSTMENTS TO NET INCOME, TotalEnergies SHARE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ (M$) ​ Production LNG Power Chemicals Services Corporate Total 2 nd quarter 2023 ​ Inventory valuation effect ​ - ​ - ​ - ​ (333) ​ (47) ​ - ​ (380) ​ ​ Effect of changes in fair value ​ - ​ (286) ​ 175 ​ - ​ - ​ - ​ (111) ​ Restructuring charges - ​ - (5) - - - (5) ​ Asset impairment and provisions charges (123) ​ - (346) - - - (469) ​ Gains (losses) on disposals of assets - ​ - ​ - - - - - ​ Other items 188 ​ 15 (31) (44) (8) (23) 97 Total ​ ​ 65 ​ (271) (207) (377) (55) (23) (868) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2022 Inventory valuation effect - ​ - ​ - ​ 738 ​ 255 ​ - ​ 993 ​ Effect of changes in fair value - ​ 118 ​ (669) ​ - ​ - ​ - ​ (551) ​ Restructuring charges - ​ - (8) - - - (8) ​ Asset impairment and provisions charges (3,493) ​ (226) - - - - (3,719) ​ Gains (losses) on disposals of assets - ​ - ​ - - - - - ​ Other items (286) ​ (352) - - (8) (173) (819) Total ​ ​ (3,779) ​ (460) (677) 738 247 (173) (4,104) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 Inventory valuation effect - ​ - - (658) (113) - (771) ​ Effect of changes in fair value - ​ (617) 72 - - - (545) ​ Restructuring charges - ​ - (5) - - - (5) ​ Asset impairment and provisions charges (123) ​ - (346) (60) - - (529) ​ Gains (losses) on disposals of assets - ​ - ​ - - 203 - 203 ​ Other items 103 ​ 11 (117) (122) (21) (59) (205) Total ​ ​ (20) ​ (606) (396) (840) 69 (59) (1,852) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2022 Inventory valuation effect - ​ - - 1,573 460 - 2,033 ​ Effect of changes in fair value - ​ 18 (649) - - - (631) ​ Restructuring charges - ​ - (11) - - - (11) ​ Asset impairment and provisions charges (4,525) ​ (4,174) - - (72) (9) (8,780) ​ Gains (losses) on disposals of assets - ​ - ​ - - - - - ​ Other items (272) ​ (352) - (32) (8) (84) (748) Total ​ ​ (4,797) ​ (4,508) (660) 1,541 380 (93) (8,137)

Shareholders' equity (Tables)

Shareholders' equity (Tables)	6 Months Ended
	Jun. 30, 2023
Shareholders' equity
Schedule of treasury shares held	​ ​ ​ ​ ​ ​ ​ December 31, 2022 June 30, 2023 Number of treasury shares 137,187,667 68,505,002 Percentage of share capital 5.24% ​ 2.74% Of which shares acquired with the intention to cancel them ​ 128,869,261 65,043,639 Of which shares allocated to TotalEnergies share performance plans for Company employees 8,231,365 3,362,143 Of which shares intended to be allocated to new share performance or purchase options plans 87,041 ​ 99,220
Schedule of information about dividends paid	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ordinary dividend 2022 First interim Second interim Third interim Final Amount ​ €0.69 ​ €0.69 ​ €0.69 ​ €0.74 Set date ​ April 27, 2022 ​ July 27, 2022 ​ October 26, 2022 ​ May 26, 2023 Ex-dividend date ​ September 21, 2022 ​ January 2, 2023 ​ March 22, 2023 ​ June 21, 2023 Payment date ​ October 3, 2022 ​ January 12, 2023 ​ April 3, 2023 ​ July 3, 2023 ​ ​ ​ ​ Amount per share € 1 Ex-dividend date ​ December 6, 2022 Payment date ​ December 16, 2022 ​ ​ ​ ​ ​ ​ Dividend 2023 First interim Second interim Amount ​ € 0.74 ​ € 0.74 Set date ​ April 26, 2023 ​ July 26, 2023 Ex-dividend date ​ September 20, 2023 ​ January 2, 2024 Payment date ​ October 2, 2023 ​ January 12, 2024
Schedule of other comprehensive income	​ ​ ​ ​ ​ ​ (M$) 1 st half 2023 1 st half 2022 Actuarial gains and losses 138 204 ​ ​ ​ ​ ​ Change in fair value of investments in equity instruments 3 (17) ​ ​ ​ ​ ​ Tax effect (51) (42) Currency translation adjustment generated by the parent company 1,409 (7,137) Sub-total items not potentially reclassifiable to profit and loss 1,499 (6,992) ​ ​ ​ ​ ​ Currency translation adjustment (1,299) 3,535 - unrealized gain/(loss) of the period (1,381) 3,532 - less gain/(loss) included in net income (82) (3) ​ ​ ​ ​ ​ Cash flow hedge 1,891 2,959 - unrealized gain/(loss) of the period 1,699 2,901 - less gain/(loss) included in net income (192) (58) ​ ​ ​ ​ ​ Variation of foreign currency basis spread 8 70 - unrealized gain/(loss) of the period (8) 49 - less gain/(loss) included in net income (16) (21) ​ ​ ​ ​ ​ Share of other comprehensive income of equity affiliates, net amount (95) 2,464 - unrealized gain/(loss) of the period (84) 2,427 - less gain/(loss) included in net income 11 (37) ​ ​ ​ ​ ​ Other (1) (1) ​ ​ ​ ​ ​ Tax effect (472) (1,059) Sub-total items potentially reclassifiable to profit and loss 32 7,968 Total other comprehensive income (net amount) 1,531 976 ​ Tax effects relating to each component of other comprehensive income are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 1 st half 2022 ​ ​ Pre-tax ​ ​ ​ ​ ​ ​ Pre-tax ​ ​ ​ ​ (M$) amount Tax effect Net amount amount Tax effect Net amount ​ Actuarial gains and losses ​ 138 ​ (50) ​ 88 ​ ​ 204 ​ (53) ​ 151 ​ Change in fair value of investments in equity instruments ​ 3 ​ (1) ​ 2 ​ ​ (17) ​ 11 ​ (6) ​ Currency translation adjustment generated by the parent company ​ 1,409 ​ - ​ 1,409 ​ ​ (7,137) ​ - ​ (7,137) ​ Sub-total items not potentially reclassifiable to profit and loss ​ 1,550 ​ (51) ​ 1,499 ​ ​ (6,950) ​ (42) ​ (6,992) ​ Currency translation adjustment ​ (1,299) ​ - ​ (1,299) ​ ​ 3,535 ​ - ​ 3,535 ​ Cash flow hedge ​ 1,891 ​ (470) ​ 1,421 ​ ​ 2,959 ​ (1,041) ​ 1,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variation of foreign currency basis spread ​ 8 ​ (2) ​ 6 ​ ​ 70 ​ (18) ​ 52 ​ Share of other comprehensive income of equity affiliates, net amount ​ (95) ​ - ​ (95) ​ ​ 2,464 ​ - ​ 2,464 ​ Other ​ (1) ​ - ​ (1) ​ ​ (1) ​ - ​ (1) ​ Sub-total items potentially reclassifiable to profit and loss ​ 504 ​ (472) ​ 32 ​ ​ 9,027 ​ (1,059) ​ 7,968 ​ Total other comprehensive income ​ 2,054 ​ (523) ​ 1,531 ​ ​ 2,077 ​ (1,101) ​ 976 ​

Changes in the Company struct_2

Changes in the Company structure - Main acquisitions and divestments, Exploration & Production (Details) - item	Mar. 31, 2023	Mar. 15, 2023
SARB and Umm Lulu offshore concession
Changes in the Company structure
Percentage of interest to be acquired		20%
Number of offshore fields		2
SARB and Umm Lulu offshore concession | ADNOC
Changes in the Company structure
Proportion of ownership interest in concession		60%
SARB and Umm Lulu offshore concession | OMV
Changes in the Company structure
Proportion of ownership interest in concession		20%
Mubarraz concession
Changes in the Company structure
Percentage of interest to be acquired	12.88%
Number of offshore fields	4
CEPAD
Changes in the Company structure
Percentage of interest to be acquired	20%
ADOC | CEPAD
Changes in the Company structure
Proportion of ownership interest in subsidiary	64.40%

Changes in the Company struct_3

Changes in the Company structure - Main acquisitions and divestments, Integrated LNG (Details)	Jun. 12, 2022 MT / yr item
North Field East (NFE) LNG Project
Changes in the Company structure
Production of project	32
North Field East (NFE) JV
Changes in the Company structure
Proportion of ownership interest in joint venture	25%
QatarEnergy | North Field East (NFE) JV
Changes in the Company structure
Proportion of ownership interest in joint venture	75%
North Field East (NFE) JV | North Field East (NFE) LNG Project
Changes in the Company structure
Proportion of ownership interest in project	25%
Number of production equivalent LNG trains | item	1
Production of LNG train	8

Changes in the Company struct_4

Changes in the Company structure - Main acquisitions and divestments, Integrated Power (Details) $ in Millions	Oct. 26, 2022 USD ($) GW MW
Joint venture for renewable portfolio of Casa Dos Ventos
Changes in the Company structure
Onshore wind capacity in operation | MW	700
Onshore wind under construction	1
Onshore wind	2.8
Solar projects under well advanced development	1.6
Maximum period to commence commercial operations of solar projects under well advanced development	5 years
Joint venture for renewable portfolio of Casa Dos Ventos
Changes in the Company structure
Proportion of ownership interest in joint venture	34%
Payments for JV transaction | $	$ 500
Maximum earn-out amount | $	$ 30
Additional equity share under option to acquire in 2027	15%
Joint venture for renewable portfolio of Casa Dos Ventos | Casa Dos Ventos
Changes in the Company structure
Proportion of ownership interest in joint venture	66%

Changes in the Company struct_5

Changes in the Company structure - Divestment projects, Exploration & Production (Details) $ in Millions, $ in Millions	May 26, 2023 USD ($)	May 26, 2023 CAD ($)	Apr. 27, 2023 USD ($)	Apr. 27, 2023 CAD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Changes in the Company structure
Asset classified as held for sale					$ 8,441	$ 668	$ 568	$ 313
Liabilities classified as held for sale					2,289	$ 167	$ 167	$ 56
TotalEnergies EP Canada Ltd
Changes in the Company structure
Asset classified as held for sale					5,435
Liabilities classified as held for sale					$ 893
TotalEnergies EP Canada Ltd | Suncor Energy Inc
Changes in the Company structure
Consideration agreed for sale of assets, cash			$ 4,100	$ 5,500
Consideration agreed for sale of assets, additional payments under specific conditions			$ 450	$ 600
Surmont asset | Conoco Phillips
Changes in the Company structure
Consideration agreed for sale of assets, cash	$ 3,000	$ 4,000
Consideration agreed for sale of assets, additional payments under specific conditions	$ 325	$ 440
Percentage of interest to be purchased under preemption right	50%	50%

Changes in the Company struct_6

Changes in the Company structure - Divestment projects, Marketing & Services (Details) $ in Millions, € in Billions	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Mar. 16, 2023 EUR (€)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Changes in the Company structure
Asset classified as held for sale	$ 8,441	$ 668		$ 568	$ 313
Liabilities classified as held for sale	2,289	$ 167		$ 167	$ 56
Retail networks in Belgium, Luxembourg, Germany and Netherlands
Changes in the Company structure
Enterprise value | €			€ 3.1
Asset classified as held for sale	1,901
Liabilities classified as held for sale	$ 1,227

Business segment information -

Business segment information - Information by business segment (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) segment	Jun. 30, 2022 USD ($)
Business segment information
Number of business segments | segment				5
Sales	$ 56,271	$ 62,603	$ 74,774	$ 118,874	$ 143,380
Excise taxes	(4,737)	(4,370)	(4,329)	(9,107)	(8,985)
Revenues from sales	51,534	58,233	70,445	109,767	134,395
Operating expenses	(41,832)		(53,601)	(88,060)	(101,733)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,106)	(3,062)	(3,102)	(6,168)	(6,781)
Operating income	6,596		13,742	15,539	25,881
Net income (loss) from equity affiliates and other items	257		(2,327)	1,333	(4,363)
Tax on net operating income	(2,456)		(5,306)	(6,551)	(10,108)
Net operating income	4,397		6,109	10,321	11,410
Net cost of net debt	(245)		(305)	(538)	(555)
Non-controlling interests	(64)	(74)	(112)	(138)	(219)
Net income - TotalEnergies share	4,088	5,557	5,692	9,645	10,636
Total expenditures	4,777	6,900	5,646	11,677	9,433
Total divestments	304	538	664	842	2,073
Cash flow from operating activities	9,900	$ 5,133	16,284	15,033	23,901
Intercompany
Business segment information
Sales	(22,451)		(31,804)	(50,101)	(59,248)
Revenues from sales	(22,451)		(31,804)	(50,101)	(59,248)
Operating expenses	22,451		31,804	50,101	59,248
Exploration & Production
Business segment information
Sales	1,434		2,521	3,388	4,672
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,117)		(2,112)	(4,183)	(4,773)
Operating income	4,263		8,454	10,117	16,054
Net income (loss) from equity affiliates and other items	(15)		(3,668)	53	(3,426)
Tax on net operating income	(1,889)		(3,876)	(5,287)	(7,739)
Net operating income	2,359		910	4,883	4,889
Total expenditures	2,569		4,128	6,621	6,099
Total divestments	26		63	57	346
Cash flow from operating activities	4,047		8,768	8,583	14,536
Exploration & Production | Business segments and Corporate
Business segment information
Revenues from sales	11,542		16,326	24,224	32,295
Operating expenses	(5,162)		(5,760)	(9,924)	(11,468)
Exploration & Production | Intercompany
Business segment information
Sales	(10,108)		(13,805)	(20,836)	(27,623)
Integrated LNG
Business segment information
Sales	2,020		3,901	6,892	9,408
Depreciation, depletion and impairment of tangible assets and mineral interests	(277)		(276)	(565)	(554)
Operating income	724		1,421	1,862	3,262
Net income (loss) from equity affiliates and other items	472		626	1,276	(1,869)
Tax on net operating income	(137)		(292)	(342)	(553)
Net operating income	1,059		1,755	2,796	840
Total expenditures	626		285	1,821	575
Total divestments	45		393	94	1,237
Cash flow from operating activities	1,332		3,802	4,868	6,021
Integrated LNG | Business segments and Corporate
Business segment information
Revenues from sales	4,798		7,841	15,669	16,846
Operating expenses	(3,797)		(6,144)	(13,242)	(13,030)
Integrated LNG | Intercompany
Business segment information
Sales	(2,778)		(3,940)	(8,777)	(7,438)
Integrated Power
Business segment information
Sales	6,249		6,380	14,804	13,167
Depreciation, depletion and impairment of tangible assets and mineral interests	(51)		(51)	(98)	(94)
Operating income	534		(575)	896	(604)
Net income (loss) from equity affiliates and other items	(250)		197	(320)	192
Tax on net operating income	(41)		32	(152)	(1)
Net operating income	243		(346)	424	(413)
Total expenditures	807		587	2,041	1,736
Total divestments	149		73	298	244
Cash flow from operating activities	2,284		168	999	(1,736)
Integrated Power | Business segments and Corporate
Business segment information
Revenues from sales	6,919		6,868	17,159	14,176
Operating expenses	(6,334)		(7,392)	(16,165)	(14,686)
Integrated Power | Intercompany
Business segment information
Sales	(670)		(488)	(2,355)	(1,009)
Refining & Chemicals
Business segment information
Sales	24,849		35,061	49,704	66,069
Excise taxes	(231)		(186)	(415)	(378)
Depreciation, depletion and impairment of tangible assets and mineral interests	(394)		(389)	(808)	(769)
Operating income	812		4,029	2,238	6,331
Net income (loss) from equity affiliates and other items	3		349	55	505
Tax on net operating income	(187)		(866)	(512)	(1,391)
Net operating income	628		3,512	1,781	5,445
Total expenditures	489		333	714	561
Total divestments	52		56	60	83
Cash flow from operating activities	1,923		3,526	1,072	4,633
Refining & Chemicals | Business segments and Corporate
Business segment information
Revenues from sales	33,248		47,660	66,980	87,753
Operating expenses	(32,042)		(43,242)	(63,934)	(80,653)
Refining & Chemicals | Intercompany
Business segment information
Sales	(8,630)		(12,785)	(17,691)	(22,062)
Marketing & Services
Business segment information
Sales	21,712		26,907	44,071	50,056
Excise taxes	(4,506)		(4,143)	(8,692)	(8,607)
Depreciation, depletion and impairment of tangible assets and mineral interests	(241)		(241)	(465)	(514)
Operating income	494		929	776	1,624
Net income (loss) from equity affiliates and other items	64		98	307	56
Tax on net operating income	(162)		(296)	(281)	(521)
Net operating income	396		731	802	1,159
Total expenditures	256		288	415	428
Total divestments	28		72	329	151
Cash flow from operating activities	665		580	(8)	1,478
Marketing & Services | Business segments and Corporate
Business segment information
Revenues from sales	17,407		23,480	35,700	42,432
Operating expenses	(16,672)		(22,310)	(34,459)	(40,294)
Marketing & Services | Intercompany
Business segment information
Sales	(201)		(716)	(321)	(983)
Corporate
Business segment information
Sales	7		4	15	8
Depreciation, depletion and impairment of tangible assets and mineral interests	(26)		(33)	(49)	(77)
Operating income	(231)		(516)	(350)	(786)
Net income (loss) from equity affiliates and other items	(17)		71	(38)	179
Tax on net operating income	(40)		(8)	23	97
Net operating income	(288)		(453)	(365)	(510)
Total expenditures	30		25	65	34
Total divestments	4		7	4	12
Cash flow from operating activities	(351)		(560)	(481)	(1,031)
Corporate | Business segments and Corporate
Business segment information
Revenues from sales	71		74	136	141
Operating expenses	(276)		(557)	(437)	(850)
Corporate | Intercompany
Business segment information
Sales	(64)		(70)	(121)	(133)
Adjustments
Business segment information
Sales	76		(15)		(3)
Revenues from sales	76		(15)		(3)
Operating expenses	(637)		159	(1,540)	334
Depreciation, depletion and impairment of tangible assets and mineral interests	(147)		(64)	(183)	(595)
Operating income	(708)		80	(1,723)	(264)
Net income (loss) from equity affiliates and other items	(493)		(4,266)	(501)	(7,999)
Tax on net operating income	264		25	295	(13)
Net operating income	(937)		(4,161)	(1,929)	(8,276)
Net cost of net debt	72		80	80	193
Non-controlling interests	(3)		(23)	(3)	(54)
Net income - TotalEnergies share	(868)		(4,104)	(1,852)	(8,137)
Adjustments | Exploration & Production
Business segment information
Depreciation, depletion and impairment of tangible assets and mineral interests	(147)		(46)	(147)	(539)
Operating income	(172)		(128)	(180)	(1,412)
Net income (loss) from equity affiliates and other items	(106)		(3,756)	(179)	(3,770)
Tax on net operating income	288		75	240	337
Net operating income	10		(3,809)	(119)	(4,845)
Net income - TotalEnergies share	65		(3,779)	(20)	(4,797)
Adjustments | Exploration & Production | Business segments and Corporate
Business segment information
Operating expenses	(25)		(82)	(33)	(873)
Adjustments | Integrated LNG
Business segment information
Sales	76		(15)		(18)
Depreciation, depletion and impairment of tangible assets and mineral interests			(14)		(14)
Operating income	(324)		123	(700)	13
Net income (loss) from equity affiliates and other items	16		(560)	12	(4,508)
Tax on net operating income	37		(23)	82	(13)
Net operating income	(271)		(460)	(606)	(4,508)
Net income - TotalEnergies share	(271)		(460)	(606)	(4,508)
Adjustments | Integrated LNG | Business segments and Corporate
Business segment information
Revenues from sales	76		(15)		(18)
Operating expenses	(400)		152	(700)	45
Adjustments | Integrated Power
Business segment information
Sales					15
Operating income	137		(758)	67	(753)
Net income (loss) from equity affiliates and other items	(346)		2	(457)	11
Tax on net operating income	2		70	(6)	71
Net operating income	(207)		(686)	(396)	(671)
Net income - TotalEnergies share	(207)		(677)	(396)	(660)
Adjustments | Integrated Power | Business segments and Corporate
Business segment information
Revenues from sales					15
Operating expenses	137		(758)	67	(768)
Adjustments | Refining & Chemicals
Business segment information
Depreciation, depletion and impairment of tangible assets and mineral interests				(36)
Operating income	(216)		775	(676)	1,722
Net income (loss) from equity affiliates and other items	(59)		52	(96)	169
Tax on net operating income	(101)		(75)	(69)	(326)
Net operating income	(376)		752	(841)	1,565
Net income - TotalEnergies share	(377)		738	(840)	1,541
Adjustments | Refining & Chemicals | Business segments and Corporate
Business segment information
Operating expenses	(216)		775	(640)	1,722
Adjustments | Marketing & Services
Business segment information
Depreciation, depletion and impairment of tangible assets and mineral interests			(4)		(33)
Operating income	(76)		369	(177)	608
Net income (loss) from equity affiliates and other items			(4)	217	(7)
Tax on net operating income	23		(100)	33	(180)
Net operating income	(53)		265	73	421
Net income - TotalEnergies share	(55)		247	69	380
Adjustments | Marketing & Services | Business segments and Corporate
Business segment information
Operating expenses	(76)		373	(177)	641
Adjustments | Corporate
Business segment information
Depreciation, depletion and impairment of tangible assets and mineral interests					(9)
Operating income	(57)		(301)	(57)	(442)
Net income (loss) from equity affiliates and other items	2			2	106
Tax on net operating income	15		78	15	98
Net operating income	(40)		(223)	(40)	(238)
Net income - TotalEnergies share	(23)		(173)	(59)	(93)
Adjustments | Corporate | Business segments and Corporate
Business segment information
Operating expenses	(57)		(301)	(57)	(433)
Adjustments - Inventory valuation effect
Business segment information
Operating income	(252)		1,151	(754)	2,406
Net income - TotalEnergies share	(380)		993	(771)	2,033
Adjustments - Inventory valuation effect | Refining & Chemicals
Business segment information
Operating income	(192)		775	(607)	1,722
Net operating income	(332)		752	(659)	1,597
Net income - TotalEnergies share	(333)		738	(658)	1,573
Adjustments - Inventory valuation effect | Marketing & Services
Business segment information
Operating income	(60)		376	(147)	684
Net operating income	(45)		275	(109)	503
Net income - TotalEnergies share	(47)		255	(113)	460
Adjusted
Business segment information
Sales	56,195		74,789	118,874	143,383
Excise taxes	(4,737)		(4,329)	(9,107)	(8,985)
Revenues from sales	51,458		70,460	109,767	134,398
Operating expenses	(41,195)		(53,760)	(86,520)	(102,067)
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,959)		(3,038)	(5,985)	(6,186)
Operating income	7,304		13,662	17,262	26,145
Net income (loss) from equity affiliates and other items	750		1,939	1,834	3,636
Tax on net operating income	(2,720)		(5,331)	(6,846)	(10,095)
Net operating income	5,334		10,270	12,250	19,686
Net cost of net debt	(317)		(385)	(618)	(748)
Non-controlling interests	(61)		(89)	(135)	(165)
Net income - TotalEnergies share	4,956		9,796	11,497	18,773
Adjusted | Intercompany
Business segment information
Sales	(22,451)		(31,804)	(50,101)	(59,248)
Revenues from sales	(22,451)		(31,804)	(50,101)	(59,248)
Operating expenses	22,451		31,804	50,101	59,248
Adjusted | Exploration & Production
Business segment information
Sales	1,434		2,521	3,388	4,672
Depreciation, depletion and impairment of tangible assets and mineral interests	(1,970)		(2,066)	(4,036)	(4,234)
Operating income	4,435		8,582	10,297	17,466
Net income (loss) from equity affiliates and other items	91		88	232	344
Tax on net operating income	(2,177)		(3,951)	(5,527)	(8,076)
Net operating income	2,349		4,719	5,002	9,734
Adjusted | Exploration & Production | Business segments and Corporate
Business segment information
Revenues from sales	11,542		16,326	24,224	32,295
Operating expenses	(5,137)		(5,678)	(9,891)	(10,595)
Adjusted | Exploration & Production | Intercompany
Business segment information
Sales	(10,108)		(13,805)	(20,836)	(27,623)
Adjusted | Integrated LNG
Business segment information
Sales	1,944		3,916	6,892	9,426
Depreciation, depletion and impairment of tangible assets and mineral interests	(277)		(262)	(565)	(540)
Operating income	1,048		1,298	2,562	3,249
Net income (loss) from equity affiliates and other items	456		1,186	1,264	2,639
Tax on net operating income	(174)		(269)	(424)	(540)
Net operating income	1,330		2,215	3,402	5,348
Adjusted | Integrated LNG | Business segments and Corporate
Business segment information
Revenues from sales	4,722		7,856	15,669	16,864
Operating expenses	(3,397)		(6,296)	(12,542)	(13,075)
Adjusted | Integrated LNG | Intercompany
Business segment information
Sales	(2,778)		(3,940)	(8,777)	(7,438)
Adjusted | Integrated Power
Business segment information
Sales	6,249		6,380	14,804	13,152
Depreciation, depletion and impairment of tangible assets and mineral interests	(51)		(51)	(98)	(94)
Operating income	397		183	829	149
Net income (loss) from equity affiliates and other items	96		195	137	181
Tax on net operating income	(43)		(38)	(146)	(72)
Net operating income	450		340	820	258
Adjusted | Integrated Power | Business segments and Corporate
Business segment information
Revenues from sales	6,919		6,868	17,159	14,161
Operating expenses	(6,471)		(6,634)	(16,232)	(13,918)
Adjusted | Integrated Power | Intercompany
Business segment information
Sales	(670)		(488)	(2,355)	(1,009)
Adjusted | Refining & Chemicals
Business segment information
Sales	24,849		35,061	49,704	66,069
Excise taxes	(231)		(186)	(415)	(378)
Depreciation, depletion and impairment of tangible assets and mineral interests	(394)		(389)	(772)	(769)
Operating income	1,028		3,254	2,914	4,609
Net income (loss) from equity affiliates and other items	62		297	151	336
Tax on net operating income	(86)		(791)	(443)	(1,065)
Net operating income	1,004		2,760	2,622	3,880
Adjusted | Refining & Chemicals | Business segments and Corporate
Business segment information
Revenues from sales	33,248		47,660	66,980	87,753
Operating expenses	(31,826)		(44,017)	(63,294)	(82,375)
Adjusted | Refining & Chemicals | Intercompany
Business segment information
Sales	(8,630)		(12,785)	(17,691)	(22,062)
Adjusted | Marketing & Services
Business segment information
Sales	21,712		26,907	44,071	50,056
Excise taxes	(4,506)		(4,143)	(8,692)	(8,607)
Depreciation, depletion and impairment of tangible assets and mineral interests	(241)		(237)	(465)	(481)
Operating income	570		560	953	1,016
Net income (loss) from equity affiliates and other items	64		102	90	63
Tax on net operating income	(185)		(196)	(314)	(341)
Net operating income	449		466	729	738
Adjusted | Marketing & Services | Business segments and Corporate
Business segment information
Revenues from sales	17,407		23,480	35,700	42,432
Operating expenses	(16,596)		(22,683)	(34,282)	(40,935)
Adjusted | Marketing & Services | Intercompany
Business segment information
Sales	(201)		(716)	(321)	(983)
Adjusted | Corporate
Business segment information
Sales	7		4	15	8
Depreciation, depletion and impairment of tangible assets and mineral interests	(26)		(33)	(49)	(68)
Operating income	(174)		(215)	(293)	(344)
Net income (loss) from equity affiliates and other items	(19)		71	(40)	73
Tax on net operating income	(55)		(86)	8	(1)
Net operating income	(248)		(230)	(325)	(272)
Adjusted | Corporate | Business segments and Corporate
Business segment information
Revenues from sales	71		74	136	141
Operating expenses	(219)		(256)	(380)	(417)
Adjusted | Corporate | Intercompany
Business segment information
Sales	$ (64)		$ (70)	$ (121)	$ (133)

Business segment information _2

Business segment information - Reconciliation with consolidated financial statements (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Business segment information
Sales	$ 56,271	$ 62,603	$ 74,774	$ 118,874		$ 143,380
Excise taxes	(4,737)	(4,370)	(4,329)	(9,107)		(8,985)
Revenues from sales	51,534	58,233	70,445	109,767		134,395
Purchases, net of inventory variation	(33,864)	(38,351)	(45,443)	(72,215)		(85,091)
Other operating expenses	(7,906)	(7,785)	(8,041)	(15,691)		(15,664)
Exploration costs	(62)	(92)	(117)	(154)		(978)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,106)	(3,062)	(3,102)	(6,168)		(6,781)
Other income	116	341	429	457		572
Other expense	(366)	(300)	(1,305)	(666)		(3,595)
Financial interest on debt	(724)	(710)	(572)	(1,434)		(1,034)
Financial income and expense from cash & cash equivalents	510	393	245	903		459
Cost of net debt	(214)	(317)	(327)	(531)		(575)
Other financial income	413	258	231	671		434
Other financial expense	(173)	(183)	(136)	(356)		(271)
Net income (loss) from equity affiliates	267	960	(1,546)	1,227		(1,503)
Income taxes	(2,487)	(4,071)	(5,284)	(6,558)		(10,088)
Consolidated net income	4,152	5,631	5,804	9,783	$ 10,189	10,855
TotalEnergies share	4,088	5,557	5,692	9,645		10,636
Non-controlling interests	64	$ 74	112	138		219
Adjusted
Business segment information
Sales	56,195		74,789	118,874		143,383
Excise taxes	(4,737)		(4,329)	(9,107)		(8,985)
Revenues from sales	51,458		70,460	109,767		134,398
Purchases, net of inventory variation	(33,379)		(46,023)	(70,858)		(86,785)
Other operating expenses	(7,754)		(7,620)	(15,506)		(15,029)
Exploration costs	(62)		(117)	(156)		(253)
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,959)		(3,038)	(5,985)		(6,186)
Other income	116		429	193		550
Other expense	(256)		(529)	(393)		(798)
Financial interest on debt	(724)		(572)	(1,434)		(1,034)
Financial income and expense from cash & cash equivalents	402		130	775		189
Cost of net debt	(322)		(442)	(659)		(845)
Other financial income	401		231	649		350
Other financial expense	(173)		(136)	(356)		(271)
Net income (loss) from equity affiliates	662		1,944	1,741		3,805
Income taxes	(2,715)		(5,274)	(6,805)		(9,998)
Consolidated net income	5,017		9,885	11,632		18,938
TotalEnergies share	4,956		9,796	11,497		18,773
Non-controlling interests	61		89	135		165
Adjustments
Business segment information
Sales	76		(15)			(3)
Revenues from sales	76		(15)			(3)
Purchases, net of inventory variation	(485)		580	(1,357)		1,694
Other operating expenses	(152)		(421)	(185)		(635)
Exploration costs				2		(725)
Depreciation, depletion and impairment of tangible assets and mineral interests	(147)		(64)	(183)		(595)
Other income				264		22
Other expense	(110)		(776)	(273)		(2,797)
Financial income and expense from cash & cash equivalents	108		115	128		270
Cost of net debt	108		115	128		270
Other financial income	12			22		84
Net income (loss) from equity affiliates	(395)		(3,490)	(514)		(5,308)
Income taxes	228		(10)	247		(90)
Consolidated net income	(865)		(4,081)	(1,849)		(8,083)
TotalEnergies share	(868)		(4,104)	(1,852)		(8,137)
Non-controlling interests	$ 3		$ 23	$ 3		$ 54

Business segment information _3

Business segment information - Adjustment items (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business segment information
Operating income	$ 6,596		$ 13,742	$ 15,539	$ 25,881
Net income - TotalEnergies share	4,088	$ 5,557	5,692	9,645	10,636
Adjustments
Business segment information
Operating income	(708)		80	(1,723)	(264)
Net income - TotalEnergies share	(868)		(4,104)	(1,852)	(8,137)
Adjustments - Inventory valuation effect
Business segment information
Operating income	(252)		1,151	(754)	2,406
Net income - TotalEnergies share	(380)		993	(771)	2,033
Adjustments - Effect of changes in fair value
Business segment information
Operating income	(157)		(597)	(603)	(685)
Net income - TotalEnergies share	(111)		(551)	(545)	(631)
Adjustments - Restructuring charges
Business segment information
Operating income			(17)		(22)
Net income - TotalEnergies share	(5)		(8)	(5)	(11)
Adjustments - Asset impairment and provisions charges
Business segment information
Operating income	(155)		(60)	(200)	(1,422)
Net income - TotalEnergies share	(469)		(3,719)	(529)	(8,780)
Adjustments - Gains (losses) on disposals of assets
Business segment information
Operating income				(14)
Net income - TotalEnergies share				203
Adjustments - Other items
Business segment information
Operating income	(144)		(397)	(152)	(541)
Net income - TotalEnergies share	97		(819)	(205)	(748)
Exploration & Production
Business segment information
Operating income	4,263		8,454	10,117	16,054
Exploration & Production | Adjustments
Business segment information
Operating income	(172)		(128)	(180)	(1,412)
Net income - TotalEnergies share	65		(3,779)	(20)	(4,797)
Exploration & Production | Adjustments - Asset impairment and provisions charges
Business segment information
Operating income	(155)		(46)	(155)	(1,330)
Net income - TotalEnergies share	(123)		(3,493)	(123)	(4,525)
Exploration & Production | Adjustments - Other items
Business segment information
Operating income	(17)		(82)	(25)	(82)
Net income - TotalEnergies share	188		(286)	103	(272)
Integrated LNG
Business segment information
Operating income	724		1,421	1,862	3,262
Integrated LNG | Adjustments
Business segment information
Operating income	(324)		123	(700)	13
Net income - TotalEnergies share	(271)		(460)	(606)	(4,508)
Integrated LNG | Adjustments - Effect of changes in fair value
Business segment information
Operating income	(322)		141	(698)	31
Net income - TotalEnergies share	(286)		118	(617)	18
Integrated LNG | Adjustments - Asset impairment and provisions charges
Business segment information
Operating income			(18)		(18)
Net income - TotalEnergies share			(226)		(4,174)
Integrated LNG | Adjustments - Other items
Business segment information
Operating income	(2)			(2)
Net income - TotalEnergies share	15		(352)	11	(352)
Integrated Power
Business segment information
Operating income	534		(575)	896	(604)
Integrated Power | Adjustments
Business segment information
Operating income	137		(758)	67	(753)
Net income - TotalEnergies share	(207)		(677)	(396)	(660)
Integrated Power | Adjustments - Effect of changes in fair value
Business segment information
Operating income	165		(738)	95	(716)
Net income - TotalEnergies share	175		(669)	72	(649)
Integrated Power | Adjustments - Restructuring charges
Business segment information
Operating income			(17)		(22)
Net income - TotalEnergies share	(5)		(8)	(5)	(11)
Integrated Power | Adjustments - Asset impairment and provisions charges
Business segment information
Net income - TotalEnergies share	(346)			(346)
Integrated Power | Adjustments - Other items
Business segment information
Operating income	(28)		(3)	(28)	(15)
Net income - TotalEnergies share	(31)			(117)
Refining & Chemicals
Business segment information
Operating income	812		4,029	2,238	6,331
Refining & Chemicals | Adjustments
Business segment information
Operating income	(216)		775	(676)	1,722
Net income - TotalEnergies share	(377)		738	(840)	1,541
Refining & Chemicals | Adjustments - Inventory valuation effect
Business segment information
Operating income	(192)		775	(607)	1,722
Net income - TotalEnergies share	(333)		738	(658)	1,573
Refining & Chemicals | Adjustments - Asset impairment and provisions charges
Business segment information
Operating income				(45)
Net income - TotalEnergies share				(60)
Refining & Chemicals | Adjustments - Other items
Business segment information
Operating income	(24)			(24)
Net income - TotalEnergies share	(44)			(122)	(32)
Marketing & Services
Business segment information
Operating income	494		929	776	1,624
Marketing & Services | Adjustments
Business segment information
Operating income	(76)		369	(177)	608
Net income - TotalEnergies share	(55)		247	69	380
Marketing & Services | Adjustments - Inventory valuation effect
Business segment information
Operating income	(60)		376	(147)	684
Net income - TotalEnergies share	(47)		255	(113)	460
Marketing & Services | Adjustments - Asset impairment and provisions charges
Business segment information
Operating income			4		(65)
Net income - TotalEnergies share					(72)
Marketing & Services | Adjustments - Gains (losses) on disposals of assets
Business segment information
Operating income				(14)
Net income - TotalEnergies share				203
Marketing & Services | Adjustments - Other items
Business segment information
Operating income	(16)		(11)	(16)	(11)
Net income - TotalEnergies share	(8)		(8)	(21)	(8)
Corporate
Business segment information
Operating income	(231)		(516)	(350)	(786)
Corporate | Adjustments
Business segment information
Operating income	(57)		(301)	(57)	(442)
Net income - TotalEnergies share	(23)		(173)	(59)	(93)
Corporate | Adjustments - Asset impairment and provisions charges
Business segment information
Operating income					(9)
Net income - TotalEnergies share					(9)
Corporate | Adjustments - Other items
Business segment information
Operating income	(57)		(301)	(57)	(433)
Net income - TotalEnergies share	$ (23)		$ (173)	$ (59)	$ (84)

Shareholders' equity - Treasury

Shareholders' equity - Treasury shares (Details) - TotalEnergies SE - shares	Jun. 30, 2023	Dec. 31, 2022
Shareholders' equity
Number of treasury shares	68,505,002	137,187,667
Percentage of share capital represented by treasury shares	2.74%	5.24%
Shares acquired with the intention to cancel them	65,043,639	128,869,261
TotalEnergies share performance plans
Shareholders' equity
Shares allocated or intended to be allocated to share-based payment plans	3,362,143	8,231,365
New share performance or purchase options plans
Shareholders' equity
Shares allocated or intended to be allocated to share-based payment plans	99,220	87,041

Shareholders' equity - Dividend

Shareholders' equity - Dividend (Details) - € / shares	Jul. 26, 2023	Jul. 03, 2023	May 26, 2023	Apr. 26, 2023	Apr. 03, 2023	Jan. 12, 2023	Dec. 16, 2022	Oct. 03, 2022
Dividend
Dividend approved for the 2022 fiscal year (in Euros per share)			€ 2.81
Special interim dividend for 2022 (in Euros per share)			1
Ordinary dividend plus special dividend for 2022 (in Euros per share)			€ 3.81
First interim
Dividend
Dividend paid (in Euros per share)								€ 0.69
Interim dividend set by Board of Directors (in Euros per share)				€ 0.74
Second interim
Dividend
Dividend paid (in Euros per share)						€ 0.69
Interim dividend set by Board of Directors (in Euros per share)	€ 0.74
Third interim
Dividend
Dividend paid (in Euros per share)					€ 0.69
Final
Dividend
Dividend paid (in Euros per share)		€ 0.74
Special interim dividend
Dividend
Dividend paid (in Euros per share)							€ 1

Shareholders' equity - Earnings

Shareholders' equity - Earnings per share (Details)	3 Months Ended						6 Months Ended
	Jun. 30, 2023 $ / shares	Jun. 30, 2023 € / shares	Mar. 31, 2023 $ / shares	Mar. 31, 2023 € / shares	Jun. 30, 2022 $ / shares	Jun. 30, 2022 € / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2022 $ / shares
Earnings per share in euros
Basic earnings per share (in dollars or Euros per share) | (per share)	$ 1.65	€ 1.51	$ 2.23	€ 2.08	$ 2.18	€ 2.03	$ 3.88	$ 4.04
Diluted earnings per share (in dollars or Euros per share) | (per share)	$ 1.64	€ 1.51	$ 2.21	€ 2.06	$ 2.16	€ 2.03	$ 3.86	$ 4.02

Shareholders' equity - Perpetua

Shareholders' equity - Perpetual subordinated notes (Details) - Subordinated note, 2.708%, perpetual maturity callable after 6.6 years € in Millions	May 05, 2023 EUR (€)
Shareholders' equity
Reimbursement of nominal amount	€ 1,000
Interest rate (as percent)	2.708%

Shareholders' equity - Other co

Shareholders' equity - Other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Shareholders' equity
Actuarial gains and losses	$ 135	$ 3	$ 204	$ 138		$ 204
Change in fair value of investments in equity instruments	(1)	4	(20)	3		(17)
Tax effect	(43)	(8)	(53)	(51)		(42)
Currency translation adjustment generated by the parent company	(57)	1,466	(5,387)	1,409		(7,137)
Items not potentially reclassifiable to profit and loss	34	1,465	(5,256)	1,499		(6,992)
Currency translation adjustment	(49)	(1,250)	2,523	(1,299)		3,535
Unrealized gain/(loss) of the period				(1,381)		3,532
Less gain/(loss) included in net income				(82)		(3)
Cash flow hedge	689	1,202	3,222	1,891		2,959
Unrealized gain/(loss) of the period				1,699		2,901
Less gain/(loss) included in net income				(192)		(58)
Variation of foreign currency basis spread	11	(3)	21	8		70
unrealized gain/(loss) of the period				(8)		49
less gain/(loss) included in net income				(16)		(21)
Share of other comprehensive income of equity affiliates, net amount	3	(98)	2,548	(95)		2,464
Unrealized gain/(loss) of the period				(84)		2,427
Less gain/(loss) included in net income				11		(37)
Other	(4)	3	(1)	(1)		(1)
Tax effect	(136)	(336)	(1,112)	(472)		(1,059)
Sub-total items potentially reclassifiable to profit and loss	514	(482)	7,201	32		7,968
Total other comprehensive income (net amount)	$ 548	$ 983	$ 1,945	$ 1,531	$ (4,085)	$ 976

Shareholders' equity - Tax effe

Shareholders' equity - Tax effects of other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022
Pre-tax amount
Actuarial gains and losses	$ 135	$ 3	$ 204	$ 138		$ 204
Change in fair value of investments in equity instruments	(1)	4	(20)	3		(17)
Currency translation adjustment generated by the parent company				1,409		(7,137)
Sub-total items not potentially reclassifiable to profit & loss				1,550		(6,950)
Currency translation adjustment	(49)	(1,250)	2,523	(1,299)		3,535
Cash flow hedge	689	1,202	3,222	1,891		2,959
Variation of foreign currency basis spread	11	(3)	21	8		70
Share of other comprehensive income of equity affiliates, net amount				(95)		2,464
Other	(4)	3	(1)	(1)		(1)
Sub-total items potentially reclassifiable to profit & loss				504		9,027
Total other comprehensive income				2,054		2,077
Tax effect
Actuarial gains and losses				(50)		(53)
Change in fair value of investments in equity instruments				(1)		11
Sub-total items not potentially reclassifiable to profit and loss	(43)	(8)	(53)	(51)		(42)
Cash flow hedge				(470)		(1,041)
Variation of foreign currency basis spread				(2)		(18)
Sub-total items potential reclassifiable to profit and loss	(136)	(336)	(1,112)	(472)		(1,059)
Total other comprehensive income				(523)		(1,101)
Net amount
Actuarial gains and losses				88		151
Change in fair value of investments in equity instruments				2		(6)
Currency translation adjustment generated by the parent company	(57)	1,466	(5,387)	1,409		(7,137)
Items not potentially reclassifiable to profit and loss	34	1,465	(5,256)	1,499		(6,992)
Currency translation adjustment				(1,299)		3,535
Cash flow hedge				1,421		1,918
Variation of foreign currency basis spread				6		52
Share of other comprehensive income of equity affiliates, net amount	3	(98)	2,548	(95)		2,464
Other				(1)		(1)
Items potentially reclassifiable to profit and loss	514	(482)	7,201	32		7,968
Total other comprehensive income (net amount)	$ 548	$ 983	$ 1,945	$ 1,531	$ (4,085)	$ 976

Financial debt (Details)

Financial debt (Details) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 EUR (€)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)
Bond 2.700% issued in 2012 and maturing in January 2023 | TotalEnergies Capital International
Financial debt
Interest rate (as percent)	2.70%	2.70%
Amount of bonds reimbursed | $	$ 1,000
Bond 2.125% issued in 2012, tapped in 2013 and maturing in March 2023 | TotalEnergies Capital International
Financial debt
Interest rate (as percent)	2.125%	2.125%
Amount of bonds reimbursed		€ 750
Bond 2.125% issued in 2012, tapped in 2013 and maturing in March 2023, original part | TotalEnergies Capital International
Financial debt
Amount of bonds reimbursed		500
Bond 2.125% issued in 2012, tapped in 2013 and maturing in March 2023, tapped part | TotalEnergies Capital International
Financial debt
Amount of bonds reimbursed		€ 250
Syndicated credit line
Financial debt
Committed credit facilities granted by banks | $			$ 0	$ 8,000

Other risks and contingent li_2

Other risks and contingent liabilities (Details)			6 Months Ended	252 Months Ended
	Jul. 04, 2023 shareholder	Jun. 30, 2023	Jun. 30, 2023 subsidiary item	Dec. 31, 2040
Disputes relating to Climate | United States
Disclosure of contingent liabilities
Number of subsidiaries summoned for liability in climate change | subsidiary			1
Number of litigations in which Corporation and subsidiaries were summoned | item			1
Dispute relating to completion of Vigilance Plan | France
Disclosure of contingent liabilities
Percentage of reduction in net direct and indirect CO2 emissions, per injunction sought after by certain associations and local communities before Court of Justice				40%
Dispute relating to annulment of resolution no.3 passed by Annual Shareholders' Meeting on May 26, 2023 | France
Disclosure of contingent liabilities
Number of shareholders seeking annulment of resolution no.3 passed by Annual Shareholders’ Meeting on May 26, 2023	9
Number of shareholder companies seeking annulment of resolution no.3 passed by Annual Shareholders’ Meeting on May 26, 2023	2
Number of shareholder individuals seeking annulment of resolution no.3 passed by Annual Shareholders’ Meeting on May 26, 2023	7
Yemen LNG Company Limited
Disclosure of contingent liabilities
Stake held in associate (as a percent)		39.62%

Subsequent events (Details)

Subsequent events (Details) $ in Millions, € in Billions			3 Months Ended			6 Months Ended
	Jul. 24, 2023 EUR (€)	Jun. 30, 2023	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Subsequent events
Net investment for acquisition of shares | $			$ 19	$ 136	$ 82	$ 155	$ 82
Total Eren Holding
Subsequent events
Interest held (as a percent)		33.86%
Total Eren SA
Subsequent events
Interest held (as a percent)		5.73%
Acquisition of shares | Total Eren Holding and Total Eren SA
Subsequent events
Net investment for acquisition of shares | €	€ 1.5