TotalEnergies SE (TTE) 6-K 25 Jul 24 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2024
Document and Entity Information
Document Type	6-K
Entity Registrant Name	TotalEnergies SE
Document Period End Date	Jun. 30, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000879764
Amendment Flag	false

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares	Mar. 31, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2024 USD ($) $ / shares	Jun. 30, 2023 USD ($) $ / shares
CONSOLIDATED STATEMENT OF INCOME
Sales	$ 53,743	$ 56,278	$ 56,271	$ 110,021	$ 118,874
Excise taxes	(4,560)	(4,395)	(4,737)	(8,955)	(9,107)
Revenues from sales	49,183	51,883	51,534	101,066	109,767
Purchases, net of inventory variation	(32,117)	(33,780)	(33,864)	(65,897)	(72,215)
Other operating expenses	(7,729)	(7,643)	(7,906)	(15,372)	(15,691)
Exploration costs	(97)	(88)	(62)	(185)	(154)
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,976)	(2,942)	(3,106)	(5,918)	(6,168)
Other income	3	1,758	116	1,761	457
Other expense	(251)	(315)	(366)	(566)	(666)
Financial interest on debt	(725)	(708)	(724)	(1,433)	(1,434)
Financial income and expense from cash & cash equivalents	408	472	510	880	903
Cost of net debt	(317)	(236)	(214)	(553)	(531)
Other financial income	459	306	413	765	671
Other financial expense	(213)	(215)	(173)	(428)	(356)
Net income (loss) from equity affiliates	627	18	267	645	1,227
Income taxes	(2,725)	(2,942)	(2,487)	(5,667)	(6,558)
Consolidated net income	3,847	5,804	4,152	9,651	9,783
TotalEnergies share	3,787	5,721	4,088	9,508	9,645
Non-controlling interests	$ 60	$ 83	$ 64	$ 143	$ 138
Earnings per share (in dollars or Euros per share) | (per share)	$ 1.61	$ 2.42	$ 1.65	$ 4.04	$ 3.88
Fully-diluted earnings per share (in dollars or Euros per share) | (per share)	$ 1.60	$ 2.40	$ 1.64	$ 4.02	$ 3.86

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Consolidated net income	$ 3,847	$ 5,804	$ 4,152	$ 9,651	$ 9,783
Other comprehensive income
Actuarial gains and losses	22	(2)	135	20	138
Change in fair value of investments in equity instruments	103	40	(1)	143	3
Tax effect	(11)	(8)	(43)	(19)	(51)
Currency translation adjustment generated by the parent company	(683)	(1,506)	(57)	(2,189)	1,409
Items not potentially reclassifiable to profit and loss	(569)	(1,476)	34	(2,045)	1,499
Currency translation adjustment	523	1,099	(49)	1,622	(1,299)
Cash flow hedge	593	807	689	1,400	1,891
Variation of foreign currency basis spread		(15)	11	(15)	8
share of other comprehensive income of equity affiliates, net amount	(38)	(76)	3	(114)	(95)
Other	(2)	2	(4)		(1)
Tax effect	(153)	(219)	(136)	(372)	(472)
Items potentially reclassifiable to profit and loss	923	1,598	514	2,521	32
Total other comprehensive income (net amount)	354	122	548	476	1,531
Comprehensive income	4,201	5,926	4,700	10,127	11,314
TotalEnergies share	4,134	5,870	4,676	10,004	11,226
Non-controlling interests	$ 67	$ 56	$ 24	$ 123	$ 88

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023
Non-current assets
Intangible assets, net	$ 33,477	$ 33,193	$ 33,083	$ 31,717
Property, plant and equipment, net	109,403	109,462	108,916	104,174
Equity affiliates: investments and loans	32,800	31,256	30,457	30,425
Other investments	1,740	1,895	1,543	1,190
Non-current financial assets	2,469	2,308	2,395	2,494
Deferred income taxes	3,568	3,165	3,418	3,649
Other non-current assets	4,235	4,328	4,313	2,573
Total non-current assets	187,692	185,607	184,125	176,222
Current assets
Inventories, net	20,189	20,229	19,317	18,785
Accounts receivable, net	20,647	24,198	23,442	22,163
Other current assets	20,014	20,615	20,821	23,111
Current financial assets	6,823	6,319	6,585	6,725
Cash and cash equivalents	23,211	25,640	27,263	25,572
Assets classified as held for sale	912	525	2,101	8,441
Total current assets	91,796	97,526	99,529	104,797
Total assets	279,488	283,133	283,654	281,019
Shareholders' equity
Common shares	7,577	7,548	7,616	7,850
Paid-in surplus and retained earnings	130,688	129,937	126,857	123,511
Currency translation adjustment	(14,415)	(14,167)	(13,701)	(12,859)
Treasury shares	(6,471)	(4,909)	(4,019)	(4,820)
Total shareholders' equity - TotalEnergies share	117,379	118,409	116,753	113,682
Non-controlling interests	2,648	2,734	2,700	2,770
Total shareholders' equity	120,027	121,143	119,453	116,452
Non-current liabilities
Deferred income taxes	12,461	11,878	11,688	11,237
Employee benefits	1,819	1,941	1,993	1,872
Provisions and other non-current liabilities	20,295	20,961	21,257	21,295
Non-current financial debt	42,526	38,053	40,478	40,427
Total non-current liabilities	77,101	72,833	75,416	74,831
Current liabilities
Accounts payable	36,449	37,647	41,335	32,853
Other creditors and accrued liabilities	33,442	32,949	36,727	38,609
Current borrowings	11,271	17,973	9,590	15,542
Other current financial liabilities	461	481	446	443
Liabilities directly associated with the assets classified as held for sale	737	107	687	2,289
Total current liabilities	82,360	89,157	88,785	89,736
Total liabilities & shareholders' equity	$ 279,488	$ 283,133	$ 283,654	$ 281,019

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOW - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CASH FLOW FROM OPERATING ACTIVITIES
Consolidated net income	$ 3,847	$ 5,804	$ 4,152	$ 9,651	$ 9,783
Depreciation, depletion, amortization and impairment	3,080	3,036	3,195	6,116	6,382
Non-current liabilities, valuation allowances and deferred taxes	(53)	292	81	239	395
(Gains) losses on disposals of assets	182	(1,610)	(70)	(1,428)	(322)
Undistributed affiliates' equity earnings	(250)	288	383	38	34
(Increase) decrease in working capital	2,013	(5,686)	2,125	(3,673)	(1,294)
Other changes, net	188	45	34	233	55
Cash flow from operating activities	9,007	2,169	9,900	11,176	15,033
CASH FLOW USED IN INVESTING ACTIVITIES
Intangible assets and property, plant and equipment additions	(3,699)	(3,420)	(3,870)	(7,119)	(8,838)
Acquisitions of subsidiaries, net of cash acquired	(251)	(759)	(19)	(1,010)	(155)
Investments in equity affiliates and other securities	(481)	(488)	(522)	(969)	(1,929)
Increase in non-current loans	(621)	(538)	(366)	(1,159)	(755)
Total expenditures	(5,052)	(5,205)	(4,777)	(10,257)	(11,677)
Proceeds from disposals of intangible assets and property, plant and equipment	44	337	31	381	99
Proceeds from disposals of subsidiaries, net of cash sold	213	1,218	38	1,431	221
Proceeds from disposals of non-current investments	56	34	133	90	182
Repayment of non-current loans	181	149	102	330	340
Total divestments	494	1,738	304	2,232	842
Cash flow used in investing activities	(4,558)	(3,467)	(4,473)	(8,025)	(10,835)
CASH FLOW USED IN FINANCING ACTIVITIES
Issuance (repayment) of shares: Parent company shareholders	521		383	521	383
Issuance (repayment) of shares: Treasury shares	(2,007)	(2,006)	(2,002)	(4,013)	(4,105)
Dividends paid: Parent company shareholders	(1,853)	(1,903)	(1,842)	(3,756)	(3,686)
Dividends paid: Non-controlling interests	(127)	(6)	(105)	(133)	(126)
Net issuance (repayment) of perpetual subordinated notes	(1,622)		(1,081)	(1,622)	(1,081)
Payments on perpetual subordinated notes	(50)	(159)	(80)	(209)	(238)
Other transactions with non-controlling interests	(19)	(17)	(13)	(36)	(99)
Net issuance (repayment) of non-current debt	4,319	42	(14)	4,361	104
Increase (decrease) in current borrowings	(5,453)	3,536	(4,111)	(1,917)	(5,385)
Increase (decrease) in current financial assets and liabilities	(530)	271	990	(259)	2,384
Cash flow from (used in) financing activities	(6,821)	(242)	(7,875)	(7,063)	(11,849)
Net increase (decrease) in cash and cash equivalents	(2,372)	(1,540)	(2,448)	(3,912)	(7,651)
Effect of exchange rates	(57)	(83)	35	(140)	197
Cash and cash equivalents at the beginning of the period	25,640	27,263	27,985	27,263	33,026
Cash and cash equivalents at the end of the period	$ 23,211	$ 25,640	$ 25,572	$ 23,211	$ 25,572

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, 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)
Net income		11,739		11,739			(12)	11,727
Other comprehensive income		(431)		411	(842)		7	(424)
Comprehensive income		11,308		12,150	(842)		(5)	11,303
Dividend		(3,743)		(3,743)			(185)	(3,928)
Purchase of treasury shares		(4,462)				$ (4,462)		(4,462)
Purchase of treasury shares (in shares)						(78,052,725)
Sale of treasury shares (in shares)	[1]					2,170
Share-based payments		119		119				119
Share cancellation			$ (234)	(5,029)		$ 5,263
Share cancellation (in shares)			(86,012,344)			86,012,344
Payments on perpetual subordinated notes		(143)		(143)				(143)
Other operations with non-controlling interests		(9)		(9)			123	114
Other items		1		1			(3)	(2)
Equity as of the end of the period at Dec. 31, 2023		116,753	$ 7,616	126,857	(13,701)	$ (4,019)	2,700	119,453
Common shares issued as of the end of the period at Dec. 31, 2023			2,412,251,835			(60,543,213)
Net income								5,804
Other comprehensive income								122
Comprehensive income								5,926
Equity as of the end of the period at Mar. 31, 2024								121,143
Equity as of the beginning of the period at Dec. 31, 2023		116,753	$ 7,616	126,857	(13,701)	$ (4,019)	2,700	119,453
Common shares issued as of the beginning of the period at Dec. 31, 2023			2,412,251,835			(60,543,213)
Net income		9,508		9,508			143	9,651
Other comprehensive income		496		1,210	(714)		(20)	476
Comprehensive income		10,004		10,718	(714)		123	10,127
Dividend		(3,929)		(3,929)			(133)	(4,062)
Issuance of common shares		521	$ 29	492				521
Issuance of common shares (in shares)			10,833,187
Purchase of treasury shares		(4,513)				$ (4,513)		(4,513)
Purchase of treasury shares (in shares)						(58,719,028)
Sale of treasury shares	[1]			(397)		$ 397
Sale of treasury shares (in shares)	[1]					6,065,491
Share-based payments		356		356				356
Share cancellation			$ (68)	(1,596)		$ 1,664
Share cancellation (in shares)			(25,405,361)			25,405,361
Net issuance (repayment) of perpetual subordinated notes		(1,679)		(1,679)				(1,679)
Payments on perpetual subordinated notes		(135)		(135)				(135)
Other operations with non-controlling interests							(36)	(36)
Other items		1		1			(6)	(5)
Equity as of the end of the period at Jun. 30, 2024		117,379	$ 7,577	130,688	(14,415)	$ (6,471)	2,648	120,027
Common shares issued as of the end of the period at Jun. 30, 2024			2,397,679,661			(87,791,389)
Equity as of the beginning of the period at Mar. 31, 2024								121,143
Net income								3,847
Other comprehensive income								354
Comprehensive income								4,201
Equity as of the end of the period at Jun. 30, 2024		$ 117,379	$ 7,577	$ 130,688	$ (14,415)	$ (6,471)	$ 2,648	$ 120,027
Common shares issued as of the end of the period at Jun. 30, 2024			2,397,679,661			(87,791,389)
[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, 2024
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, 2024, 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, 2024, are consistent with those used for the financial statements at December 31, 2023. The preparation of financial statements in accordance with IFRS for the closing as of June 30, 2024 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, 2023. 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, 2024
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 February 2024, TotalEnergies and its partner SOCAR (State Oil Company of the Republic of Azerbaijan) have completed the sale of 15% interest each in the Absheron gas field to ADNOC (Abu Dhabi National Oil Company). Following the completion of this transaction, TotalEnergies holds a 35% stake in the Absheron gas field alongside SOCAR ( 35% ) and ADNOC ( 30% ). Ø Integrated Power ● In February 2024, TotalEnergies has finalized the acquisition of three gas-fired power plants with a total capacity of 1.5 GW in Texas from TexGen, a U.S.-based company for a net investment of $635 million. ​ Ø Marketing & Services ● In January 2024, TotalEnergies has finalized the partial divestment of retail network in Belgium and Luxembourg and the full divestment in the Netherlands to Alimentation Couche-Tard for 1.4 billion dollars. 2.2) Major business combinations Ø Integrated Power Acquisition of 1.5 GW Power Generation Capacity in Texas 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 first quarter after the closing and will be finalized within 12 months following the acquisition date. ​ 2.3) Major divestment projects Ø Exploration & Production TotalEnergies announces that its 85%-owned affiliate, TotalEnergies EP Congo, has signed an agreement with Trident Energy combining the acquisition of an additional 10% interest in the Moho license from Trident Energy and the sale to Trident Energy of its 53.5% interest in the Nkossa and Nsoko II licenses. As of June 30, 2024, the assets and liabilities related to Nkossa and Nsoko II licenses have been respectively classified in the consolidated balance sheet as “assets classified as held for sale” for an amount of $432 million and “liabilities classified as held for sale” for an amount of $302 million. These assets mainly include tangible assets.

Business segment information

Business segment information	6 Months Ended
	Jun. 30, 2024
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 TotalEnergies, 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 for transactions between business segments approximate market prices. The reporting structure for the business segments’ financial information is based on the following five business segments: - An Exploration & Production segment that encompasses the activities of exploration and production of oil and natural gas, conducted in about 50 countries; - An Integrated LNG segment covering the integrated gas chain (including upstream and midstream LNG 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. Definition of the indicators Adjusted Net Operating Income TotalEnergies measures performance at the segment level on the basis of adjusted net operating income. Adjusted net operating income comprises operating income of the relevant segment after deducting the amortization and the depreciation of intangible assets other than mineral interest, translation adjustments and gains or losses on the sale of assets, as well as all other income and expenses related to capital employed (dividends from non-consolidated companies, income from equity affiliates and capitalized interest expenses) and after income taxes applicable to the above, excluding the effect of the adjustments describe below. The income and expenses not included in net operating income adjusted that are included in net income TotalEnergies share are interest expenses related to net financial debt, after applicable income taxes (net cost of net debt), non-controlling interests, and the adjusted items. Adjustment items include: a) Special items Due to their unusual nature or particular significance, certain transactions qualifying as “special items” are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. However, in certain instances, transactions such as restructuring costs or assets disposals, which are not considered to be representative of the normal course of business, may qualify as special items although they may have occurred in prior years or are likely to occur in following years. b) The inventory valuation effect In accordance with IAS 2, TotalEnergies values inventories of petroleum products in its financial statements according to the First-in, First-Out (FIFO) method and other inventories using the weighted-average cost method. Under the FIFO method, the cost of inventory is based on the historic cost of acquisition or manufacture rather than the current replacement cost. In volatile energy markets, this can have a significant distorting effect on the reported income. Accordingly, the adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. This method is used to assess the segments’ performance and facilitate the comparability of the segments’ performance with those of its main competitors. In the replacement cost method, which approximates the Last-In, First-Out (LIFO) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end prices differential between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is the difference between the results under the FIFO and the replacement cost method. ​ c) Effect of changes in fair value The effect of changes in fair value presented as an adjustment item reflects for trading inventories and storage contracts, differences between internal measures of performance used by TotalEnergies’ Executive Committee and the accounting for these transactions under IFRS. IFRS requires that trading inventories be recorded at their fair value using period end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices. TotalEnergies, in its trading activities, enters into storage contracts, whose future effects are recorded at fair value in TotalEnergies’ internal economic performance. IFRS precludes recognition of this fair value effect. Furthermore, TotalEnergies enters into derivative instruments to risk manage certain operational contracts or assets. Under IFRS, these derivatives are recorded at fair value while the underlying operational transactions are recorded as they occur. Internal indicators defer the fair value on derivatives to match with the transaction occurrence. 3.1) Information by business segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 2,734 ​ 4,645 11,546 49,049 42,029 18 - 110,021 Intersegment sales 19,531 ​ 5,606 1,159 16,346 433 140 (43,215) - Excise taxes - ​ - - (378) (8,577) - - (8,955) Revenues from sales 22,265 ​ 10,251 12,705 65,017 33,885 158 (43,215) 101,066 Operating expenses (9,113) ​ (7,706) (12,071) (62,535) (32,697) (547) 43,215 (81,454) Depreciation, depletion and impairment of tangible assets and mineral interests (3,824) ​ (631) (202) (792) (414) (55) - (5,918) Net income (loss) from equity affiliates and other items 238 ​ 1,021 (589) 55 1,396 56 - 2,177 Tax on net operating income (4,424) ​ (535) (119) (315) (209) 32 - (5,570) Adjustments (a) (75) ​ 26 (1,389) (171) 1,327 (13) - (295) Adjusted net operating income 5,217 ​ 2,374 1,113 1,601 634 (343) - 10,596 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (295) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (650) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (143) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ 9,508 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 4,991 ​ 1,409 2,508 878 403 68 - 10,257 Total divestments 455 ​ 79 323 165 1,203 7 - 2,232 Cash flow from operating activities 8,125 ​ 2,141 1,398 (588) 1,542 (1,442) - 11,176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 3,388 ​ 6,892 14,804 49,704 44,071 15 - 118,874 Intersegment sales 20,836 ​ 8,777 2,355 17,691 321 121 (50,101) - Excise taxes - ​ - - (415) (8,692) - - (9,107) Revenues from sales 24,224 ​ 15,669 17,159 66,980 35,700 136 (50,101) 109,767 Operating expenses (9,924) ​ (13,242) (16,165) (63,934) (34,459) (437) 50,101 (88,060) Depreciation, depletion and impairment of tangible assets and mineral interests (4,183) ​ (565) (98) (808) (465) (49) - (6,168) Net income (loss) from equity affiliates and other items 53 ​ 1,276 (320) 55 307 (38) - 1,333 Tax on net operating income (5,287) ​ (342) (152) (512) (281) 23 - (6,551) Adjustments (a) (119) ​ (606) (396) (841) 73 (40) - (1,929) Adjusted operating income 5,002 ​ 3,402 820 2,622 729 (325) - 12,250 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,929) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (538) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (138) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9,645 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,416 ​ 1,986 4,464 ​ 24,516 21,358 3 - 53,743 Intersegment sales 9,796 ​ 2,111 369 ​ 8,203 164 77 (20,720) - Excise taxes - ​ - - ​ (208) (4,352) - - (4,560) Revenues from sales 11,212 ​ 4,097 4,833 ​ 32,511 17,170 80 (20,720) 49,183 Operating expenses (4,669) ​ (2,922) (4,506) ​ (31,647) (16,601) (318) 20,720 (39,943) Depreciation, depletion and impairment of tangible assets and mineral interests (1,907) ​ (310) (105) ​ (416) (208) (30) - (2,976) Net income (loss) from equity affiliates and other items 141 ​ 526 26 ​ (13) (84) 29 - 625 Tax on net operating income (2,163) ​ (251) (79) ​ (60) (101) (23) - (2,677) Adjustments (a) (53) ​ (12) (333) ​ (264) (203) (9) - (874) Adjusted net operating income 2,667 ​ 1,152 502 ​ 639 379 (253) - 5,086 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (874) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (365) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (60) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,787 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 2,697 ​ 844 769 443 259 40 - 5,052 Total divestments 149 ​ 29 261 127 (78) 6 - 494 Cash flow from operating activities 4,535 ​ 431 1,647 1,541 1,650 (797) - 9,007 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,434 ​ 2,020 6,249 ​ 24,849 21,712 7 - 56,271 Intersegment sales 10,108 ​ 2,778 670 ​ 8,630 201 64 (22,451) - Excise taxes - ​ - - ​ (231) (4,506) - - (4,737) Revenues from sales 11,542 ​ 4,798 6,919 ​ 33,248 17,407 71 (22,451) 51,534 Operating expenses (5,162) ​ (3,797) (6,334) ​ (32,042) (16,672) (276) 22,451 (41,832) Depreciation, depletion and impairment of tangible assets and mineral interests (2,117) ​ (277) (51) ​ (394) (241) (26) - (3,106) Net income (loss) from equity affiliates and other items (15) ​ 472 (250) ​ 3 64 (17) - 257 Tax on net operating income (1,889) ​ (137) (41) ​ (187) (162) (40) - (2,456) Adjustments (a) 10 ​ (271) (207) ​ (376) (53) (40) - (937) Adjusted net operating income 2,349 ​ 1,330 450 ​ 1,004 449 (248) - 5,334 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (937) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (245) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (64) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,088 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) 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 ​ 3.2) Adjustment items The main adjustement items for 2024 are the following: 1) An “Inventory valuation effect” amounting to $(220) million in net operating income for the Refining & Chemicals and Marketing & Services segments; 2) An “Effect of changes in fair value” amounting to $(611) million in net operating income for the Integrated LNG and Integrated Power segments; 3) “Asset impairment and provisions charges” of $(644) million in net operating income of the Company’s minority stake in Sunpower and Maxeon, based on their market value for the Integrated Power segment; 4) “Gains on disposals of assets” for an amount of $ 1,397 million in net operating income generated in particular on the partial divestment of retail network in Belgium and Luxembourg and the full divestment in the Netherlands for the Marketing & Services segment. This amount includes the revaluation of shares held and consolidated under the equity method in Belgium and Luxembourg; 5) “Other items” amounted to $(206) million in net operating income mainly consisting of the impacts of the contribution on inframarginal annuity in France. The detail of the adjustment items is presented in the table below. ADJUSTMENTS TO NET OPERATING INCOME ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ (M$) ​ Production LNG Power Chemicals Services Corporate Total 2 nd quarter 2024 ​ Inventory valuation effect ​ - ​ - ​ - ​ (263) ​ (64) ​ - ​ (327) ​ ​ Effect of changes in fair value ​ - ​ (12) ​ (279) ​ - ​ - ​ - ​ (291) ​ Restructuring charges - ​ - (11) - - - (11) ​ Asset impairment and provisions charges - ​ - - - - - - ​ ​ Gains (losses) on disposals of assets ​ - ​ - ​ 29 ​ - ​ (139) ​ - ​ (110) ​ Other items (53) ​ - (72) (1) - (9) (135) Total ​ ​ (53) ​ (12) (333) (264) (203) (9) (874) 2 nd quarter 2023 Inventory valuation effect - ​ - ​ - ​ (332) ​ (45) ​ - ​ (377) ​ 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 133 ​ 15 (31) (44) (8) (40) 25 Total ​ ​ 10 ​ (271) (207) (376) (53) (40) (937) 1 st half 2024 Inventory valuation effect - ​ - - (170) (50) - (220) ​ Effect of changes in fair value - ​ 26 (637) - - - (611) ​ Restructuring charges - ​ - (11) - - - (11) ​ Asset impairment and provisions charges - ​ - (644) - - - (644) ​ ​ Gains (losses) on disposals of assets ​ (9) ​ - ​ 29 ​ - ​ 1,377 ​ - ​ 1,397 ​ Other items (66) ​ - (126) (1) - (13) (206) Total ​ ​ (75) ​ 26 (1,389) (171) 1,327 (13) (295) 1 st half 2023 Inventory valuation effect - ​ - - (659) (109) - (768) ​ 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 4 ​ 11 (117) (122) (21) (40) (285) Total ​ ​ (119) ​ (606) (396) (841) 73 (40) (1,929) ​

Shareholders' equity

Shareholders' equity	6 Months Ended
	Jun. 30, 2024
Shareholders' equity and share-based payments.
Shareholders' equity	4) Shareholders’ equity Treasury shares (TotalEnergies shares held directly by TotalEnergies SE) ​ ​ ​ ​ ​ ​ ​ December 31, 2023 June 30, 2024 Number of treasury shares 60,543,213 87,791,389 Percentage of share capital 2.51% ​ 3.66% ​ At its meeting on February 6, 2024, the Board of Directors decided, following the authorization of the Extraordinary Shareholder’s Meeting on May 25, 2022, to cancel 25 405 361 treasury shares bought back between August 25, 2023 and October 26, 2023. ​ Dividend The Shareholder’s Meeting of May 24, 2024 approved the distribution of an ordinary dividend at €3.01 per share. The final dividend for fiscal year 2023 was paid according to the following timetable : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividend 2023 First interim Second interim Third interim Final Amount ​ €0.74 ​ €0.74 ​ €0.74 ​ €0.79 Set date ​ April 26, 2023 ​ July 26, 2023 ​ October 25, 2023 ​ May 24, 2024 Ex-dividend date ​ September 20, 2023 ​ January 2, 2024 ​ March 20, 2024 ​ June 19, 2024 Payment date ​ October 2, 2023 ​ January 12, 2024 ​ April 3, 2024 ​ July 1, 2024 ​ The Board of Directors, at its meeting on April 25, 2024, set the first interim dividend for the fiscal year 2024 at €0.79 per share. The ex-dividend date of this interim dividend will be September 25, 2024 and it will be paid in cash on October 1 st ​ Furthermore, the Board of Directors, at its meeting on July 24, 2024, set the second interim dividend for the fiscal year 2024 at €0.79 per share, i.e. an amount equal to the aforementioned first interim dividend. The ex-dividend date of this interim dividend will be January 2, 2025 and it will be paid in cash on January 6, 2025. ​ ​ ​ ​ ​ ​ Dividend 2024 First interim Second interim Amount ​ € 0.79 ​ € 0.79 Set date ​ April 25, 2024 ​ July 24, 2024 Ex-dividend date ​ September 25, 2024 ​ January 2, 2025 Payment date ​ October 1, 2024 ​ January 6, 2025 ​ 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 half of 2024. On April 4 th Other comprehensive income Detail of other comprehensive income is presented in the table below: ​ ​ ​ ​ ​ ​ (M$) 1 st half 2024 1 st half 2023 Actuarial gains and losses 20 138 ​ ​ ​ ​ ​ Change in fair value of investments in equity instruments 143 3 ​ ​ ​ ​ ​ Tax effect (19) (51) Currency translation adjustment generated by the parent company (2,189) 1,409 Sub-total items not potentially reclassifiable to profit and loss (2,045) 1,499 ​ ​ ​ ​ ​ Currency translation adjustment 1,622 (1,299) - unrealized gain/(loss) of the period 1,634 (1,381) - less gain/(loss) included in net income 12 (82) ​ ​ ​ ​ ​ Cash flow hedge 1,400 1,891 - unrealized gain/(loss) of the period 1,346 1,699 - less gain/(loss) included in net income (54) (192) ​ ​ ​ ​ ​ Variation of foreign currency basis spread (15) 8 - unrealized gain/(loss) of the period (6) (8) - less gain/(loss) included in net income 9 (16) ​ ​ ​ ​ ​ Share of other comprehensive income of equity affiliates, net amount (114) (95) - unrealized gain/(loss) of the period (103) (84) - less gain/(loss) included in net income 11 11 ​ ​ ​ ​ ​ Other - (1) ​ ​ ​ ​ ​ Tax effect (372) (472) Sub-total items potentially reclassifiable to profit and loss 2,521 32 Total other comprehensive income (net amount) 476 1,531 ​ Tax effects relating to each component of other comprehensive income are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2024 1 st half 2023 ​ ​ Pre-tax ​ ​ ​ ​ ​ ​ Pre-tax ​ ​ ​ ​ (M$) amount Tax effect Net amount amount Tax effect Net amount ​ Actuarial gains and losses ​ 20 ​ 12 ​ 32 ​ ​ 138 ​ (50) ​ 88 ​ Change in fair value of investments in equity instruments ​ 143 ​ (31) ​ 112 ​ ​ 3 ​ (1) ​ 2 ​ Currency translation adjustment generated by the parent company ​ (2,189) ​ - ​ (2,189) ​ ​ 1,409 ​ - ​ 1,409 ​ Sub-total items not potentially reclassifiable to profit and loss ​ (2,026) ​ (19) ​ (2,045) ​ ​ 1,550 ​ (51) ​ 1,499 ​ Currency translation adjustment ​ 1,622 ​ - ​ 1,622 ​ ​ (1,299) ​ - ​ (1,299) ​ Cash flow hedge ​ 1,400 ​ (376) ​ 1,024 ​ ​ 1,891 ​ (470) ​ 1,421 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variation of foreign currency basis spread ​ (15) ​ 4 ​ (11) ​ ​ 8 ​ (2) ​ 6 ​ Share of other comprehensive income of equity affiliates, net amount ​ (114) ​ - ​ (114) ​ ​ (95) ​ - ​ (95) ​ Other ​ - ​ - ​ - ​ ​ (1) ​ - ​ (1) ​ Sub-total items potentially reclassifiable to profit and loss ​ 2,893 ​ (372) ​ 2,521 ​ ​ 504 ​ (472) ​ 32 ​ Total other comprehensive income ​ 867 ​ (391) ​ 476 ​ ​ 2,054 ​ (523) ​ 1,531 ​ ​

Financial debt

Financial debt	6 Months Ended
	Jun. 30, 2024
Financial debt
Financial debt	5) Financial debt The Company has issued one senior bond across three tranches in the U.S. markets during the first half of 2024: - - - The Company has redeemed three senior bonds during the first half of 2024: - 5.125% bond issued by TotalEnergies Capital in 2009 and maturing in March 2024 (€950 million); - 3.700% bond issued by TotalEnergies Capital International in 2013 and maturing in January 2024 ($1,000 million); - 3.750% bond issued by TotalEnergies Capital International in 2014 and maturing in April 2024 ($1,250 million).

Related parties

Related parties	6 Months Ended
	Jun. 30, 2024
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 2024.

Other risks and contingent liab

Other risks and contingent liabilities	6 Months Ended
	Jun. 30, 2024
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. Legal and arbitration proceedings - FERC The Office of Enforcement of the US Federal Energy Regulatory Commission (FERC) began in 2015 an investigation in connection with the natural gas trading activities in the United States of TotalEnergies Gas & Power North America, Inc. (TGPNA), a US subsidiary of TotalEnergies. The investigation covered transactions made by TGPNA between June 2009 and June 2012 on the natural gas market. TGPNA received a Notice of Alleged Violations from FERC on September 21, 2015. On April 28, 2016, FERC issued an order to show cause to TGPNA and two of its former employees, and to the Corporation and TotalEnergies Gas & Power Ltd., regarding the same facts. The case was remanded on July 15, 2021 to the FERC Administrative Judge for hearing and consideration on the merits. TGPNA brought a claim to the U.S. District Court for the District of Texas in December 2022 disputing the constitutionality of FERC’s administrative procedure; the U.S. District Court for the District of Texas ordered a stay of the case in the course of 2023, pending decisions by the U.S. Supreme Court in other cases involving similar constitutional issues. On June 27, 2024, the U.S. Supreme Court confirmed that the constitution guarantees respondents with the right to a jury trial in this type of administrative procedure and the competence of the U.S. District Court. TGPNA contests the claims brought against it. ​ - Disputes relating to Climate In France, the Corporation was summoned in January 2020 before Nanterre’s Civil 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 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 civil and criminal actions against TotalEnergies, with the purpose of proving that since May 2021 – after the change of name of TotalEnergies – the Corporation’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., TotalSpecialties USA, Inc. and TotalEnergies Marketing USA, Inc.) were summoned, amongst many companies and professional associations, in several “climate litigation” cases, seeking to establish legal liability for past greenhouse gas emissions, and to compensate plaintiff public authorities, in particular for resulting adaptation costs. The Corporation was summoned, along with these subsidiaries, in three 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. - In France, two associations filed a simple complaint against the Company in October 2022 with the National Anti-Terrorist Prosecutor’s Office, due to the continuation of some of the Company’s activities in Russia since the Russian invasion of Ukraine in 2022. The complaint, which the Corporation has not been given access to, would accuse the Corporation – due to its 49% 1 2 The complaint was dismissed by the National Anti-Terrorist Prosecutor’s Office in early January 2023. The plaintiffs later lodged a new identical complaint in March 2023 with the application to join the proceedings as a civil party. In June 2023, the National Anti-Terrorist Prosecutor’s Office recommended a dismissal. The Company learned in April 2024 that the Elder Magistrate in charge of criminal matters had decided on October 19, 2023 the dismissal of the complaint. - In France, victims and heirs of deceased persons filed a complaint against the Company in October 2023 with the Nanterre Prosecutor, following the events perpetrated by terrorists in the city of Palma in March 2021. This complaint would allege that the Corporation is liable for “unvoluntary manslaughter” and, “failure to assist people in danger”. The Corporation considers these accusations as unfounded in both law and fact 3 - On April 1 st 1 The sale by the Company of the 49% interest in Terneftegaz announced by the Company on July 18, 2022 was finalized on September 15, 2022. 2 Refer to the press release published by the Company on August 24, 2022 contesting the accusations made by French newspaper Le Monde. 3 Refer to the press release published by the Company on October 11, 2023 contesting the accusations. ​

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2024
Subsequent events
Subsequent events	8) Subsequent events There are no post-balance sheet events that could have a material impact on the Company’s financial statements.

Basis of preparation of the c_2

Basis of preparation of the consolidated financial statements (Policies)	6 Months Ended
	Jun. 30, 2024
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, 2024, are consistent with those used for the financial statements at December 31, 2023.

Business segment information (T

Business segment information (Tables)	6 Months Ended
	Jun. 30, 2024
Business segment information
Schedule of information by business segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 2,734 ​ 4,645 11,546 49,049 42,029 18 - 110,021 Intersegment sales 19,531 ​ 5,606 1,159 16,346 433 140 (43,215) - Excise taxes - ​ - - (378) (8,577) - - (8,955) Revenues from sales 22,265 ​ 10,251 12,705 65,017 33,885 158 (43,215) 101,066 Operating expenses (9,113) ​ (7,706) (12,071) (62,535) (32,697) (547) 43,215 (81,454) Depreciation, depletion and impairment of tangible assets and mineral interests (3,824) ​ (631) (202) (792) (414) (55) - (5,918) Net income (loss) from equity affiliates and other items 238 ​ 1,021 (589) 55 1,396 56 - 2,177 Tax on net operating income (4,424) ​ (535) (119) (315) (209) 32 - (5,570) Adjustments (a) (75) ​ 26 (1,389) (171) 1,327 (13) - (295) Adjusted net operating income 5,217 ​ 2,374 1,113 1,601 634 (343) - 10,596 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (295) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (650) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (143) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ 9,508 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 4,991 ​ 1,409 2,508 878 403 68 - 10,257 Total divestments 455 ​ 79 323 165 1,203 7 - 2,232 Cash flow from operating activities 8,125 ​ 2,141 1,398 (588) 1,542 (1,442) - 11,176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 3,388 ​ 6,892 14,804 49,704 44,071 15 - 118,874 Intersegment sales 20,836 ​ 8,777 2,355 17,691 321 121 (50,101) - Excise taxes - ​ - - (415) (8,692) - - (9,107) Revenues from sales 24,224 ​ 15,669 17,159 66,980 35,700 136 (50,101) 109,767 Operating expenses (9,924) ​ (13,242) (16,165) (63,934) (34,459) (437) 50,101 (88,060) Depreciation, depletion and impairment of tangible assets and mineral interests (4,183) ​ (565) (98) (808) (465) (49) - (6,168) Net income (loss) from equity affiliates and other items 53 ​ 1,276 (320) 55 307 (38) - 1,333 Tax on net operating income (5,287) ​ (342) (152) (512) (281) 23 - (6,551) Adjustments (a) (119) ​ (606) (396) (841) 73 (40) - (1,929) Adjusted operating income 5,002 ​ 3,402 820 2,622 729 (325) - 12,250 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,929) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (538) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (138) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 9,645 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,416 ​ 1,986 4,464 ​ 24,516 21,358 3 - 53,743 Intersegment sales 9,796 ​ 2,111 369 ​ 8,203 164 77 (20,720) - Excise taxes - ​ - - ​ (208) (4,352) - - (4,560) Revenues from sales 11,212 ​ 4,097 4,833 ​ 32,511 17,170 80 (20,720) 49,183 Operating expenses (4,669) ​ (2,922) (4,506) ​ (31,647) (16,601) (318) 20,720 (39,943) Depreciation, depletion and impairment of tangible assets and mineral interests (1,907) ​ (310) (105) ​ (416) (208) (30) - (2,976) Net income (loss) from equity affiliates and other items 141 ​ 526 26 ​ (13) (84) 29 - 625 Tax on net operating income (2,163) ​ (251) (79) ​ (60) (101) (23) - (2,677) Adjustments (a) (53) ​ (12) (333) ​ (264) (203) (9) - (874) Adjusted net operating income 2,667 ​ 1,152 502 ​ 639 379 (253) - 5,086 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (874) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ (365) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ (60) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,787 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2024 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total Total expenditures 2,697 ​ 844 769 443 259 40 - 5,052 Total divestments 149 ​ 29 261 127 (78) 6 - 494 Cash flow from operating activities 4,535 ​ 431 1,647 1,541 1,650 (797) - 9,007 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) Production LNG Power Chemicals Services Corporate Intercompany Total External sales 1,434 ​ 2,020 6,249 ​ 24,849 21,712 7 - 56,271 Intersegment sales 10,108 ​ 2,778 670 ​ 8,630 201 64 (22,451) - Excise taxes - ​ - - ​ (231) (4,506) - - (4,737) Revenues from sales 11,542 ​ 4,798 6,919 ​ 33,248 17,407 71 (22,451) 51,534 Operating expenses (5,162) ​ (3,797) (6,334) ​ (32,042) (16,672) (276) 22,451 (41,832) Depreciation, depletion and impairment of tangible assets and mineral interests (2,117) ​ (277) (51) ​ (394) (241) (26) - (3,106) Net income (loss) from equity affiliates and other items (15) ​ 472 (250) ​ 3 64 (17) - 257 Tax on net operating income (1,889) ​ (137) (41) ​ (187) (162) (40) - (2,456) Adjustments (a) 10 ​ (271) (207) ​ (376) (53) (40) - (937) Adjusted net operating income 2,349 ​ 1,330 450 ​ 1,004 449 (248) - 5,334 Adjustments (a) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (937) Net cost of net debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (245) Non-controlling interests ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (64) Net income - TotalEnergies share ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 4,088 ​ (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. ​ The management of balance sheet positions (including margin calls) related to centralized markets access for LNG, gas and power activities has been fully included in the Integrated LNG segment. Effects of changes in the fair value of gas and LNG positions are allocated to the operating income of Integrated LNG segment. Effects of changes in the fair value of power positions are allocated to the operating income of Integrated Power segment. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2 nd quarter 2023 ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ ​ ​ (M$) 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
Schedule of detail of the adjustment items	ADJUSTMENTS TO NET OPERATING INCOME ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exploration ​ ​ ​ ​ ​ Refining ​ Marketing ​ ​ ​ ​ ​ ​ ​ & ​ Integrated ​ Integrated ​ & ​ & ​ ​ ​ ​ (M$) ​ Production LNG Power Chemicals Services Corporate Total 2 nd quarter 2024 ​ Inventory valuation effect ​ - ​ - ​ - ​ (263) ​ (64) ​ - ​ (327) ​ ​ Effect of changes in fair value ​ - ​ (12) ​ (279) ​ - ​ - ​ - ​ (291) ​ Restructuring charges - ​ - (11) - - - (11) ​ Asset impairment and provisions charges - ​ - - - - - - ​ ​ Gains (losses) on disposals of assets ​ - ​ - ​ 29 ​ - ​ (139) ​ - ​ (110) ​ Other items (53) ​ - (72) (1) - (9) (135) Total ​ ​ (53) ​ (12) (333) (264) (203) (9) (874) 2 nd quarter 2023 Inventory valuation effect - ​ - ​ - ​ (332) ​ (45) ​ - ​ (377) ​ 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 133 ​ 15 (31) (44) (8) (40) 25 Total ​ ​ 10 ​ (271) (207) (376) (53) (40) (937) 1 st half 2024 Inventory valuation effect - ​ - - (170) (50) - (220) ​ Effect of changes in fair value - ​ 26 (637) - - - (611) ​ Restructuring charges - ​ - (11) - - - (11) ​ Asset impairment and provisions charges - ​ - (644) - - - (644) ​ ​ Gains (losses) on disposals of assets ​ (9) ​ - ​ 29 ​ - ​ 1,377 ​ - ​ 1,397 ​ Other items (66) ​ - (126) (1) - (13) (206) Total ​ ​ (75) ​ 26 (1,389) (171) 1,327 (13) (295) 1 st half 2023 Inventory valuation effect - ​ - - (659) (109) - (768) ​ 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 4 ​ 11 (117) (122) (21) (40) (285) Total ​ ​ (119) ​ (606) (396) (841) 73 (40) (1,929) ​

Shareholders' equity (Tables)

Shareholders' equity (Tables)	6 Months Ended
	Jun. 30, 2024
Shareholders' equity and share-based payments.
Schedule of treasury shares held	​ ​ ​ ​ ​ ​ ​ December 31, 2023 June 30, 2024 Number of treasury shares 60,543,213 87,791,389 Percentage of share capital 2.51% ​ 3.66%
Schedule of information about dividends paid	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividend 2023 First interim Second interim Third interim Final Amount ​ €0.74 ​ €0.74 ​ €0.74 ​ €0.79 Set date ​ April 26, 2023 ​ July 26, 2023 ​ October 25, 2023 ​ May 24, 2024 Ex-dividend date ​ September 20, 2023 ​ January 2, 2024 ​ March 20, 2024 ​ June 19, 2024 Payment date ​ October 2, 2023 ​ January 12, 2024 ​ April 3, 2024 ​ July 1, 2024 ​ ​ ​ ​ ​ ​ Dividend 2024 First interim Second interim Amount ​ € 0.79 ​ € 0.79 Set date ​ April 25, 2024 ​ July 24, 2024 Ex-dividend date ​ September 25, 2024 ​ January 2, 2025 Payment date ​ October 1, 2024 ​ January 6, 2025
Schedule of other comprehensive income	​ ​ ​ ​ ​ ​ (M$) 1 st half 2024 1 st half 2023 Actuarial gains and losses 20 138 ​ ​ ​ ​ ​ Change in fair value of investments in equity instruments 143 3 ​ ​ ​ ​ ​ Tax effect (19) (51) Currency translation adjustment generated by the parent company (2,189) 1,409 Sub-total items not potentially reclassifiable to profit and loss (2,045) 1,499 ​ ​ ​ ​ ​ Currency translation adjustment 1,622 (1,299) - unrealized gain/(loss) of the period 1,634 (1,381) - less gain/(loss) included in net income 12 (82) ​ ​ ​ ​ ​ Cash flow hedge 1,400 1,891 - unrealized gain/(loss) of the period 1,346 1,699 - less gain/(loss) included in net income (54) (192) ​ ​ ​ ​ ​ Variation of foreign currency basis spread (15) 8 - unrealized gain/(loss) of the period (6) (8) - less gain/(loss) included in net income 9 (16) ​ ​ ​ ​ ​ Share of other comprehensive income of equity affiliates, net amount (114) (95) - unrealized gain/(loss) of the period (103) (84) - less gain/(loss) included in net income 11 11 ​ ​ ​ ​ ​ Other - (1) ​ ​ ​ ​ ​ Tax effect (372) (472) Sub-total items potentially reclassifiable to profit and loss 2,521 32 Total other comprehensive income (net amount) 476 1,531 ​ Tax effects relating to each component of other comprehensive income are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 st half 2024 1 st half 2023 ​ ​ Pre-tax ​ ​ ​ ​ ​ ​ Pre-tax ​ ​ ​ ​ (M$) amount Tax effect Net amount amount Tax effect Net amount ​ Actuarial gains and losses ​ 20 ​ 12 ​ 32 ​ ​ 138 ​ (50) ​ 88 ​ Change in fair value of investments in equity instruments ​ 143 ​ (31) ​ 112 ​ ​ 3 ​ (1) ​ 2 ​ Currency translation adjustment generated by the parent company ​ (2,189) ​ - ​ (2,189) ​ ​ 1,409 ​ - ​ 1,409 ​ Sub-total items not potentially reclassifiable to profit and loss ​ (2,026) ​ (19) ​ (2,045) ​ ​ 1,550 ​ (51) ​ 1,499 ​ Currency translation adjustment ​ 1,622 ​ - ​ 1,622 ​ ​ (1,299) ​ - ​ (1,299) ​ Cash flow hedge ​ 1,400 ​ (376) ​ 1,024 ​ ​ 1,891 ​ (470) ​ 1,421 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variation of foreign currency basis spread ​ (15) ​ 4 ​ (11) ​ ​ 8 ​ (2) ​ 6 ​ Share of other comprehensive income of equity affiliates, net amount ​ (114) ​ - ​ (114) ​ ​ (95) ​ - ​ (95) ​ Other ​ - ​ - ​ - ​ ​ (1) ​ - ​ (1) ​ Sub-total items potentially reclassifiable to profit and loss ​ 2,893 ​ (372) ​ 2,521 ​ ​ 504 ​ (472) ​ 32 ​ Total other comprehensive income ​ 867 ​ (391) ​ 476 ​ ​ 2,054 ​ (523) ​ 1,531 ​ ​

Changes in the Company struct_2

Changes in the Company structure - Main acquisitions and divestments (Details) $ in Millions	1 Months Ended		3 Months Ended			6 Months Ended
	Feb. 29, 2024 USD ($) item GW	Jan. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Changes in the Company structure
Net investment for acquisition			$ 251	$ 759	$ 19	$ 1,010	$ 155
Proceeds from sale of interest			213	1,218	38	1,431	221
Assets classified as held for sale			912	525	8,441	912	8,441	$ 2,101
Liabilities directly associated with the assets classified as held for sale			737	$ 107	$ 2,289	$ 737	$ 2,289	$ 687
TotalEnergies EP Congo
Changes in the Company structure
Proportion of ownership interest in subsidiary						85%
Nkossa and Nsoko II licenses
Changes in the Company structure
Assets classified as held for sale			432			$ 432
Liabilities directly associated with the assets classified as held for sale			$ 302			$ 302
Absheron gas field
Changes in the Company structure
Percentage of interest held	35%
Absheron gas field | ADNOC
Changes in the Company structure
Percentage of interest sold	15%
Absheron gas field | SOCAR
Changes in the Company structure
Percentage of interest held	35%
Absheron gas field | SOCAR | ADNOC
Changes in the Company structure
Percentage of interest sold	15%
Absheron gas field | ADNOC
Changes in the Company structure
Percentage of interest held	30%
Gas-fired power plants in Texas
Changes in the Company structure
Number of power plants acquired | item	3
Power generation capacity | GW	1.5
Net investment for acquisition	$ 635
Retail networks in Netherlands, Luxembourg and Belgium
Changes in the Company structure
Proceeds from sale of interest		$ 1,400
Moho License | TotalEnergies EP Congo | Trident Energy
Changes in the Company structure
Percentage of interest agreed to be acquired						10%
Nkossa and Nsoko II licenses | TotalEnergies EP Congo | Trident Energy
Changes in the Company structure
Percentage of interest agreed to be sold						53.50%

Business segment information -

Business segment information - Information by business segment (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) country segment	Jun. 30, 2023 USD ($)
Business segment information
Number of business segments | segment				5
Sales	$ 53,743	$ 56,278	$ 56,271	$ 110,021	$ 118,874
Excise taxes	(4,560)	(4,395)	(4,737)	(8,955)	(9,107)
Revenues from sales	49,183	51,883	51,534	101,066	109,767
Operating expenses	(39,943)		(41,832)	(81,454)	(88,060)
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,976)	(2,942)	(3,106)	(5,918)	(6,168)
Net income (loss) from equity affiliates and other items	625		257	2,177	1,333
Tax on net operating income	(2,677)		(2,456)	(5,570)	(6,551)
Net cost of net debt	(365)		(245)	(650)	(538)
Non-controlling interests	(60)	(83)	(64)	(143)	(138)
Net income - TotalEnergies share	3,787	5,721	4,088	9,508	9,645
Total expenditures	5,052	5,205	4,777	10,257	11,677
Total divestments	494	1,738	304	2,232	842
Cash flow from operating activities	9,007	$ 2,169	9,900	11,176	15,033
Intercompany
Business segment information
Sales	(20,720)		(22,451)	(43,215)	(50,101)
Revenues from sales	(20,720)		(22,451)	(43,215)	(50,101)
Operating expenses	20,720		22,451	$ 43,215	50,101
Exploration & Production
Business segment information
Number of countries for activities of exploration and production of oil and natural gas | country				50
Sales	1,416		1,434	$ 2,734	3,388
Depreciation, depletion and impairment of tangible assets and mineral interests	(1,907)		(2,117)	(3,824)	(4,183)
Net income (loss) from equity affiliates and other items	141		(15)	238	53
Tax on net operating income	(2,163)		(1,889)	(4,424)	(5,287)
Total expenditures	2,697		2,569	4,991	6,621
Total divestments	149		26	455	57
Cash flow from operating activities	4,535		4,047	8,125	8,583
Exploration & Production | Business segments and Corporate
Business segment information
Revenues from sales	11,212		11,542	22,265	24,224
Operating expenses	(4,669)		(5,162)	(9,113)	(9,924)
Exploration & Production | Intercompany
Business segment information
Sales	(9,796)		(10,108)	(19,531)	(20,836)
Integrated LNG
Business segment information
Sales	1,986		2,020	4,645	6,892
Depreciation, depletion and impairment of tangible assets and mineral interests	(310)		(277)	(631)	(565)
Net income (loss) from equity affiliates and other items	526		472	1,021	1,276
Tax on net operating income	(251)		(137)	(535)	(342)
Total expenditures	844		626	1,409	1,821
Total divestments	29		45	79	94
Cash flow from operating activities	431		1,332	2,141	4,868
Integrated LNG | Business segments and Corporate
Business segment information
Revenues from sales	4,097		4,798	10,251	15,669
Operating expenses	(2,922)		(3,797)	(7,706)	(13,242)
Integrated LNG | Intercompany
Business segment information
Sales	(2,111)		(2,778)	(5,606)	(8,777)
Integrated Power
Business segment information
Sales	4,464		6,249	11,546	14,804
Depreciation, depletion and impairment of tangible assets and mineral interests	(105)		(51)	(202)	(98)
Net income (loss) from equity affiliates and other items	26		(250)	(589)	(320)
Tax on net operating income	(79)		(41)	(119)	(152)
Total expenditures	769		807	2,508	2,041
Total divestments	261		149	323	298
Cash flow from operating activities	1,647		2,284	1,398	999
Integrated Power | Business segments and Corporate
Business segment information
Revenues from sales	4,833		6,919	12,705	17,159
Operating expenses	(4,506)		(6,334)	(12,071)	(16,165)
Integrated Power | Intercompany
Business segment information
Sales	(369)		(670)	(1,159)	(2,355)
Refining & Chemicals
Business segment information
Sales	24,516		24,849	49,049	49,704
Excise taxes	(208)		(231)	(378)	(415)
Depreciation, depletion and impairment of tangible assets and mineral interests	(416)		(394)	(792)	(808)
Net income (loss) from equity affiliates and other items	(13)		3	55	55
Tax on net operating income	(60)		(187)	(315)	(512)
Total expenditures	443		489	878	714
Total divestments	127		52	165	60
Cash flow from operating activities	1,541		1,923	(588)	1,072
Refining & Chemicals | Business segments and Corporate
Business segment information
Revenues from sales	32,511		33,248	65,017	66,980
Operating expenses	(31,647)		(32,042)	(62,535)	(63,934)
Refining & Chemicals | Intercompany
Business segment information
Sales	(8,203)		(8,630)	(16,346)	(17,691)
Marketing & Services
Business segment information
Sales	21,358		21,712	42,029	44,071
Excise taxes	(4,352)		(4,506)	(8,577)	(8,692)
Depreciation, depletion and impairment of tangible assets and mineral interests	(208)		(241)	(414)	(465)
Net income (loss) from equity affiliates and other items	(84)		64	1,396	307
Tax on net operating income	(101)		(162)	(209)	(281)
Total expenditures	259		256	403	415
Total divestments	(78)		28	1,203	329
Cash flow from operating activities	1,650		665	1,542	(8)
Marketing & Services | Business segments and Corporate
Business segment information
Revenues from sales	17,170		17,407	33,885	35,700
Operating expenses	(16,601)		(16,672)	(32,697)	(34,459)
Marketing & Services | Intercompany
Business segment information
Sales	(164)		(201)	(433)	(321)
Corporate
Business segment information
Sales	3		7	18	15
Depreciation, depletion and impairment of tangible assets and mineral interests	(30)		(26)	(55)	(49)
Net income (loss) from equity affiliates and other items	29		(17)	56	(38)
Tax on net operating income	(23)		(40)	32	23
Total expenditures	40		30	68	65
Total divestments	6		4	7	4
Cash flow from operating activities	(797)		(351)	(1,442)	(481)
Corporate | Business segments and Corporate
Business segment information
Revenues from sales	80		71	158	136
Operating expenses	(318)		(276)	(547)	(437)
Corporate | Intercompany
Business segment information
Sales	(77)		(64)	(140)	(121)
Adjustments
Business segment information
Net operating income	(874)		(937)	(295)	(1,929)
Adjustments | Exploration & Production
Business segment information
Net operating income	(53)		10	(75)	(119)
Adjustments | Integrated LNG
Business segment information
Net operating income	(12)		(271)	26	(606)
Adjustments | Integrated Power
Business segment information
Net operating income	(333)		(207)	(1,389)	(396)
Adjustments | Refining & Chemicals
Business segment information
Net operating income	(264)		(376)	(171)	(841)
Adjustments | Marketing & Services
Business segment information
Net operating income	(203)		(53)	1,327	73
Adjustments | Corporate
Business segment information
Net operating income	(9)		(40)	(13)	(40)
Adjusted
Business segment information
Net operating income	5,086		5,334	10,596	12,250
Adjusted | Exploration & Production
Business segment information
Net operating income	2,667		2,349	5,217	5,002
Adjusted | Integrated LNG
Business segment information
Net operating income	1,152		1,330	2,374	3,402
Adjusted | Integrated Power
Business segment information
Net operating income	502		450	1,113	820
Adjusted | Refining & Chemicals
Business segment information
Net operating income	639		1,004	1,601	2,622
Adjusted | Marketing & Services
Business segment information
Net operating income	379		449	634	729
Adjusted | Corporate
Business segment information
Net operating income	$ (253)		$ (248)	$ (343)	$ (325)

Business segment information _2

Business segment information - Adjustment items (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Adjustments
Business segment information
Net operating income	$ (874)	$ (937)	$ (295)	$ (1,929)
Adjustments - Inventory valuation effect
Business segment information
Net operating income	(327)	(377)	(220)	(768)
Adjustments - Effect of changes in fair value
Business segment information
Net operating income	(291)	(111)	(611)	(545)
Adjustments - Restructuring charges
Business segment information
Net operating income	(11)	(5)	(11)	(5)
Adjustments - Asset impairment and provisions charges
Business segment information
Net operating income		(469)	(644)	(529)
Adjustments - Asset impairment and provisions charges | Sunpower and Maxeon
Business segment information
Net operating income			(644)
Adjustments - Gains (losses) on disposals of assets
Business segment information
Net operating income	(110)		1,397	203
Adjustments - Gains (losses) on disposals of assets | Belgium, Luxembourg, Netherlands
Business segment information
Net operating income			1,397
Adjustments - Other items
Business segment information
Net operating income	(135)	25	(206)	(285)
Adjustments - Other items - impacts of contribution on inframarginal annuity in France
Business segment information
Net operating income			(206)
Exploration & Production | Adjustments
Business segment information
Net operating income	(53)	10	(75)	(119)
Exploration & Production | Adjustments - Asset impairment and provisions charges
Business segment information
Net operating income		(123)		(123)
Exploration & Production | Adjustments - Gains (losses) on disposals of assets
Business segment information
Net operating income			(9)
Exploration & Production | Adjustments - Other items
Business segment information
Net operating income	(53)	133	(66)	4
Integrated LNG | Adjustments
Business segment information
Net operating income	(12)	(271)	26	(606)
Integrated LNG | Adjustments - Effect of changes in fair value
Business segment information
Net operating income	(12)	(286)	26	(617)
Integrated LNG | Adjustments - Other items
Business segment information
Net operating income		15		11
Integrated Power | Adjustments
Business segment information
Net operating income	(333)	(207)	(1,389)	(396)
Integrated Power | Adjustments - Effect of changes in fair value
Business segment information
Net operating income	(279)	175	(637)	72
Integrated Power | Adjustments - Restructuring charges
Business segment information
Net operating income	(11)	(5)	(11)	(5)
Integrated Power | Adjustments - Asset impairment and provisions charges
Business segment information
Net operating income		(346)	(644)	(346)
Integrated Power | Adjustments - Gains (losses) on disposals of assets
Business segment information
Net operating income	29		29
Integrated Power | Adjustments - Other items
Business segment information
Net operating income	(72)	(31)	(126)	(117)
Refining & Chemicals | Adjustments
Business segment information
Net operating income	(264)	(376)	(171)	(841)
Refining & Chemicals | Adjustments - Inventory valuation effect
Business segment information
Net operating income	(263)	(332)	(170)	(659)
Refining & Chemicals | Adjustments - Asset impairment and provisions charges
Business segment information
Net operating income				(60)
Refining & Chemicals | Adjustments - Other items
Business segment information
Net operating income	(1)	(44)	(1)	(122)
Marketing & Services | Adjustments
Business segment information
Net operating income	(203)	(53)	1,327	73
Marketing & Services | Adjustments - Inventory valuation effect
Business segment information
Net operating income	(64)	(45)	(50)	(109)
Marketing & Services | Adjustments - Gains (losses) on disposals of assets
Business segment information
Net operating income	(139)		1,377	203
Marketing & Services | Adjustments - Other items
Business segment information
Net operating income		(8)		(21)
Corporate | Adjustments
Business segment information
Net operating income	(9)	(40)	(13)	(40)
Corporate | Adjustments - Other items
Business segment information
Net operating income	$ (9)	$ (40)	$ (13)	$ (40)

Shareholders' equity and share-

Shareholders' equity and share-based payments - Treasury shares (Details) - shares	Feb. 06, 2024	Jun. 30, 2024	Dec. 31, 2023
Treasury shares
Shareholders' equity
Number of shares cancelled	25,405,361
TotalEnergies SE
Shareholders' equity
Number of treasury shares		87,791,389	60,543,213
Percentage of share capital represented by treasury shares		3.66%	2.51%

Shareholders' equity and shar_2

Shareholders' equity and share-based payments - Dividend (Details) - € / shares	Jul. 24, 2024	Jul. 01, 2024	May 24, 2024	Apr. 25, 2024	Apr. 03, 2024	Jan. 12, 2024	Oct. 02, 2023
Dividend
Dividend approved for the 2023 fiscal year (in Euros per share)			€ 3.01
First interim
Dividend
Dividend paid (in Euros per share)							€ 0.74
Interim dividend set by Board of Directors (in Euros per share)				€ 0.79
Second interim
Dividend
Dividend paid (in Euros per share)						€ 0.74
Interim dividend set by Board of Directors (in Euros per share)	€ 0.79
Third interim
Dividend
Dividend paid (in Euros per share)					€ 0.74
Final
Dividend
Dividend paid (in Euros per share)		€ 0.79

Shareholders' equity and shar_3

Shareholders' equity and share-based payments - Earnings per share (Details)	3 Months Ended						6 Months Ended
	Jun. 30, 2024 $ / shares	Jun. 30, 2024 € / shares	Mar. 31, 2024 $ / shares	Mar. 31, 2024 € / shares	Jun. 30, 2023 $ / shares	Jun. 30, 2023 € / shares	Jun. 30, 2024 $ / shares	Jun. 30, 2023 $ / shares
Earnings per share in euros
Earnings per share (in dollars or Euros per share) | (per share)	$ 1.61	€ 1.51	$ 2.42	€ 2.23	$ 1.65	€ 1.51	$ 4.04	$ 3.88
Diluted earnings per share (in dollars or Euros per share) | (per share)	$ 1.60	€ 1.51	$ 2.40	€ 2.21	$ 1.64	€ 1.51	$ 4.02	$ 3.86

Shareholders' equity and shar_4

Shareholders' equity and share-based payments - Perpetual subordinated notes (Details) - Perpetual subordinated notes issued, 1.750%, callable after 5 years € in Millions	Apr. 04, 2024 EUR (€)
Shareholders' equity
Reimbursement of nominal amount	€ 1,500
Interest rate (as percent)	1.75%

Shareholders' equity and shar_5

Shareholders' equity and share-based payments - Other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Shareholders' equity and share-based payments.
Actuarial gains and losses	$ 22	$ (2)	$ 135	$ 20		$ 138
Change in fair value of investments in equity instruments	103	40	(1)	143		3
Tax effect	(11)	(8)	(43)	(19)		(51)
Currency translation adjustment generated by the parent company	(683)	(1,506)	(57)	(2,189)		1,409
Items not potentially reclassifiable to profit and loss	(569)	(1,476)	34	(2,045)		1,499
Currency translation adjustment	523	1,099	(49)	1,622		(1,299)
Unrealized gain/(loss) of the period				1,634		(1,381)
Less gain/(loss) included in net income				12		(82)
Cash flow hedge	593	807	689	1,400		1,891
Unrealized gain/(loss) of the period				1,346		1,699
Less gain/(loss) included in net income				(54)		(192)
Variation of foreign currency basis spread		(15)	11	(15)		8
unrealized gain/(loss) of the period				(6)		(8)
less gain/(loss) included in net income				9		(16)
Share of other comprehensive income of equity affiliates, net amount	(38)	(76)	3	(114)		(95)
Unrealized gain/(loss) of the period				(103)		(84)
Less gain/(loss) included in net income				11		11
Other	(2)	2	(4)			(1)
Tax effect	(153)	(219)	(136)	(372)		(472)
Sub-total items potentially reclassifiable to profit and loss	923	1,598	514	2,521		32
Total other comprehensive income (net amount)	$ 354	$ 122	$ 548	$ 476	$ (424)	$ 1,531

Shareholders' equity and shar_6

Shareholders' equity and share-based payments - Tax effects of other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Pre-tax amount
Actuarial gains and losses	$ 22	$ (2)	$ 135	$ 20		$ 138
Change in fair value of investments in equity instruments	103	40	(1)	143		3
Currency translation adjustment generated by the parent company				(2,189)		1,409
Sub-total items not potentially reclassifiable to profit & loss				(2,026)		1,550
Currency translation adjustment	523	1,099	(49)	1,622		(1,299)
Cash flow hedge	593	807	689	1,400		1,891
Variation of foreign currency basis spread		(15)	11	(15)		8
Share of other comprehensive income of equity affiliates, net amount				(114)		(95)
Other	(2)	2	(4)			(1)
Sub-total items potentially reclassifiable to profit & loss				2,893		504
Total other comprehensive income				867		2,054
Tax effect
Actuarial gains and losses				12		(50)
Change in fair value of investments in equity instruments				(31)		(1)
Sub-total items not potentially reclassifiable to profit and loss	(11)	(8)	(43)	(19)		(51)
Cash flow hedge				(376)		(470)
Variation of foreign currency basis spread				4		(2)
Sub-total items potential reclassifiable to profit and loss	(153)	(219)	(136)	(372)		(472)
Total other comprehensive income				(391)		(523)
Net amount
Actuarial gains and losses				32		88
Change in fair value of investments in equity instruments				112		2
Currency translation adjustment generated by the parent company	(683)	(1,506)	(57)	(2,189)		1,409
Items not potentially reclassifiable to profit and loss	(569)	(1,476)	34	(2,045)		1,499
Currency translation adjustment				1,622		(1,299)
Cash flow hedge				1,024		1,421
Variation of foreign currency basis spread				(11)		6
Share of other comprehensive income of equity affiliates, net amount	(38)	(76)	3	(114)		(95)
Other						(1)
Items potentially reclassifiable to profit and loss	923	1,598	514	2,521		32
Total other comprehensive income (net amount)	$ 354	$ 122	$ 548	$ 476	$ (424)	$ 1,531

Financial debt (Details)

Financial debt (Details) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 EUR (€)
Tranche 1 5.150%, maturing in April 2034 | TotalEnergies Capital
Financial debt
Interest rate (as percent)	5.15%	5.15%
Amount of bonds issued	$ 1,250
Tranche 2 5.488%, maturing in April 2054 | TotalEnergies Capital
Financial debt
Interest rate (as percent)	5.488%	5.488%
Amount of bonds issued	$ 1,750
Tranche 3 5.638%, maturing in April 2064 | TotalEnergies Capital
Financial debt
Interest rate (as percent)	5.638%	5.638%
Amount of bonds issued	$ 1,250
Bond 5.125% issued in 2009 and maturing in March 2024 | TotalEnergies Capital
Financial debt
Interest rate (as percent)	5.125%	5.125%
Amount of bonds reimbursed | €		€ 950
Bond 3.700% issued in 2013 and maturing in January 2024 | TotalEnergies Capital International
Financial debt
Interest rate (as percent)	3.70%	3.70%
Amount of bonds reimbursed	$ 1,000
Bond 3.750% issued in 2014 and maturing in April 2024 | TotalEnergies Capital International
Financial debt
Interest rate (as percent)	3.75%	3.75%
Amount of bonds reimbursed	$ 1,250

Other risks and contingent li_2

Other risks and contingent liabilities (Details)						1 Months Ended	6 Months Ended	252 Months Ended
	Jun. 30, 2024	Jun. 18, 2024 item	Jul. 04, 2023 shareholder	Sep. 15, 2022	Feb. 24, 2022	Oct. 31, 2022 item	Jun. 30, 2024 item	Dec. 31, 2040
Yemen LNG Company Limited
Disclosure of contingent liabilities
Stake held in associate (as a percent)	39.62%
Disputes relating to climate | United States
Disclosure of contingent liabilities
Number of litigations in which Corporation and subsidiaries were summoned							3
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%
Number of plaintiffs struck out		17
Number of plaintiffs		22
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 | shareholder			9
Number of shareholder companies seeking annulment of resolution no.3 passed by Annual Shareholders’ Meeting on May 26, 2023 | shareholder			2
Number of shareholder individuals seeking annulment of resolution no.3 passed by Annual Shareholders’ Meeting on May 26, 2023 | shareholder			7
Complaint accusing of complicity in war crimes in Russian invasion of Ukraine | Terneftegaz JSC
Disclosure of contingent liabilities
% owned					49%
Percentage of interest sold				49%
Complaint accusing of complicity in war crimes in Russian invasion of Ukraine | Terneftegaz JSC | Novatek
Disclosure of contingent liabilities
% owned					51%
Complaint accusing of complicity in war crimes in Russian invasion of Ukraine | France
Disclosure of contingent liabilities
Number of associations who filed simple complaint						2