Business segment information (Tables)

6 Months Ended

Jun. 30, 2025

Business segment information

Schedule of information by business segment


1^sthalf 2025		Exploration						Refining		Marketing
		&		Integrated		Integrated		&		&
(M$)		Production		LNG		Power		Chemicals		Services		Corporate		Intercompany		Total
External sales		2,938		5,674		9,925		44,386		38,945		13		-		101,881
Intersegment sales		17,589		5,121		1,385		13,817		333		57		(38,302)		-
Excise taxes		-		-		-		(366)		(8,940)		-		-		(9,306)
Revenues from sales		20,527		10,795		11,310		57,837		30,338		70		(38,302)		92,575
Operating expenses		(8,377)		(8,588)		(10,664)		(56,643)		(29,125)		(494)		38,302		(75,589)
Depreciation, depletion and impairment of tangible assets and mineral interests		(3,928)		(788)		(183)		(859)		(441)		(57)		-		(6,256)
Net income (loss) from equity affiliates and other items		191		1,143		384		(50)		103		(71)		-		1,700
Tax on net operating income		(4,121)		(441)		(100)		(95)		(266)		131		-		(4,892)
Adjustments ^(a)		(133)		(214)		(333)		(500)		(43)		(45)		-		(1,268)
Adjusted net operating income		4,425		2,335		1,080		690		652		(376)		-		8,806
Adjustments ^(a)																(1,268)
Net cost of net debt																(871)
Non-controlling interests																(129)
Net income - TotalEnergies share																6,538

^(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^sthalf 2025		Exploration						Refining		Marketing
		&		Integrated		Integrated		&		&
(M$)		Production		LNG		Power		Chemicals		Services		Corporate		Intercompany		Total
Total expenditures		6,233		1,779		3,439		593		406		120		-		12,570
Total divestments		438		35		405		48		135		15		-		1,076
Cash flow from operating activities		6,941		2,282		400		(1,096)		1,196		(1,200)		-		8,523


1^sthalf 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^sthalf 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


2^nd quarter 2025		Exploration						Refining		Marketing
		&		Integrated		Integrated		&		&
(M$)		Production		LNG		Power		Chemicals		Services		Corporate		Intercompany		Total
External sales		1,369		2,586		3,958		21,759		19,944		11		-		49,627
Intersegment sales		8,862		1,869		701		7,006		177		32		(18,647)		-
Excise taxes		-		-		-		(254)		(4,697)		-		-		(4,951)
Revenues from sales		10,231		4,455		4,659		28,511		15,424		43		(18,647)		44,676
Operating expenses		(4,577)		(3,632)		(4,479)		(27,995)		(14,751)		(302)		18,647		(37,089)
Depreciation, depletion and impairment of tangible assets and mineral interests		(1,978)		(397)		(108)		(520)		(224)		(31)		-		(3,258)
Net income (loss) from equity affiliates and other items		58		578		340		(42)		113		(35)		-		1,012
Tax on net operating income		(1,793)		(166)		(27)		(12)		(168)		57		-		(2,109)
Adjustments ^(a)		(33)		(203)		(189)		(447)		(18)		(23)		-		(913)
Adjusted net operating income		1,974		1,041		574		389		412		(245)		-		4,145
Adjustments ^(a)																(913)
Net cost of net debt																(486)
Non-controlling interests																(59)
Net income - TotalEnergies share																2,687

^(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 2025		Exploration						Refining		Marketing
		&		Integrated		Integrated		&		&
(M$)		Production		LNG		Power		Chemicals		Services		Corporate		Intercompany		Total
Total expenditures		3,186		877		2,503		351		234		86		-		7,237
Total divestments		80		25		347		42		38		16		-		548
Cash flow from operating activities		3,675		539		799		887		628		(568)		-		5,960


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

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 2025

Inventory valuation effect

-

–

–

(251)

(18)

–

(269)

Effect of changes in fair value

-

(107)

(176)

–

–

–

(283)

Restructuring charges

-

–

–

–

–

–

–

Asset impairment and provisions charges

-

–

(13)

(196)

–

–

(209)

Gains (losses) on disposals of assets

-

–

–

–

–

–

–

Other items

(33)

(96)

–

–

–

(23)

(152)

Total

(33)

(203)

(189)

(447)

(18)

(23)

(913)

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)

1^st half 2025

Inventory valuation effect

-

–

–

(304)

(43)

–

(347)

Effect of changes in fair value

-

(118)

(320)

–

–

–

(438)

Restructuring charges

-

–

–

–

–

–

–

Asset impairment and provisions charges

-

–

(13)

(196)

–

–

(209)

Gains (losses) on disposals of assets

-

–

–

–

–

–

–

Other items

(133)

(96)

–

–

–

(45)

(274)

Total

(133)

(214)

(333)

(500)

(43)

(45)

(1,268)

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)