TotalEnergies : 2022 Universal Registration Document (including the annual financial report) -

Contents

1

Presentation of the Company - Integrated report	5
1.1	TotalEnergies at a glance	6
1.2	Our strategy: an integrated multi-energy Company	14
1.3	Transforming ourselves to reinvent energy	16

1.4 Our climate ambition: net zero emissions by 2050,

	together with society	20
1.5	Our sustainability ambitions and targets	30
1.6	Our investment policy	34
1.7	Innovation for the transformation of TotalEnergies	37
1.8	Our strengths	39
1.9	Our governance	43
1.10	Our financial performance	50
2
Business overview for fiscal year 2022	65
2.1	Integrated Gas, Renewables & Power segment	66
2.2	Exploration & Production segment	81
2.3	Upstream oil and gas activities	89
2.4	Refining & Chemicals segment	101
2.5	Marketing & Services segment	111
3
Risks and control	119
3.1	Risk factors	120
3.2	Countries under economic sanctions	130
3.3	Internal control and risk management procedures	134
3.4	Insurance and risk management	141
3.5	Legal and arbitration proceedings	142
3.6	Vigilance Plan	143
4
Report on corporate governance	177
4.1	Administration and management bodies	178
4.2	Statement regarding corporate governance	224

4.3 Compensation for the administration and

	management bodies	225
4.4	Additional information about corporate governance	257
4.5	Statutory auditors' report on related party agreements	262
5
Non-financial performance	263
5.1	Sustainable development at the heart of the strategy	264
5.2	Business model	271
5.3	Health & Safety for everyone	271

5.4 Climate change-related challenges

	(as per TCFD recommendations)	279
5.5	Environmental challenges	317
5.6	A Company committed to its employees	326
5.7	Actions to respect human rights	344
5.8	Fighting corruption and tax evasion	349
5.9	Value creation for host regions	354
5.10	Contractors and suppliers	361
5.11	Reporting scopes and methodology	366
5.12	Independent third party's report	370
5.13	Performance indicators	375

6

TotalEnergies and its shareholders	383
6.1	Listing details	384
6.2	Dividend	387
6.3	Share buybacks	390
6.4	Shareholders	394
6.5	Information for foreign shareholders	396
6.6	Investor relations	397
7
General information	401
7.1	Share capital	402
7.2	Articles of Association; other information	403
7.3	Historical financial information and additional information	406
8
Consolidated Financial Statements	407

8.1 Statutory auditors' report on the consolidated financial

	statements	408
8.2	Consolidated statement of income	414
8.3	Consolidated statement of comprehensive income	415
8.4	Consolidated balance sheet	416
8.5	Consolidated statement of cash flow	417

8.6 Consolidated statement of changes in shareholders'

	equity	418
8.7	Notes to the Consolidated Financial Statements	419
9
Supplemental oil and gas information (unaudited)	537

9.1 Oil and gas information pursuant to FASB Accounting

	Standards Codification 932	538
9.2	Other information	555
9.3	Report on the payments made to governments
	(Article L. 22-10-37 of the French Commercial Code)	558

9.4 Reporting of payments to governments for purchases

of oil, gas and minerals (EITI reporting)	587
10
Statutory financial statements of TotalEnergies SE	591
10.1 Statutory auditors' report on the financial statements	592

10.2 Statutory Financial Statements of TotalEnergies SE

as parent company	596
10.3 Notes to the statutory financial statements	600

10.4 Other financial information concerning the parent

11	company	616
Additional reporting information	619
11.1	World Economic Forum Core ESG metrics	620
11.2	SASB Report	631
Glossary	655
Cross-reference lists	663
Disclaimer	672

Universal Registration Document 2022

including the Annual Financial Report

This is a translation into English of the Universal Registration Document 2022 including the Annual Financial Report of the Company issued in French and it is available on the website of the Issuer.

"I certify, that the information contained in this Document d'enregistrement universel (Universal Registration Document) is in accordance with the facts and makes no omission likely to affect its import.

I certify, to the best of my knowledge, that the Statutory and Consolidated Financial Statements of TotalEnergies SE (the Corporation) have been prepared in accordance with applicable set of accounting standards and give a true and fair view of the assets, liabilities, financial position and profit and loss of the Corporation and of all the entities included in the consolidation, and that the rapport de gestion (management report) of the Board of Directors as referenced in the cross reference list included on page 667 of this Document d'enregistrement universel (Universal Registration Document) presents a fair view of the development and performance of the business and financial position of the Corporation and of all the entities included in the consolidation, taken as a whole, and describes the principal risks and uncertainties they face."

On March 24, 2023

Patrick Pouyanné

Chairman and Chief Executive Officer

This Universal Registration Document was filed on March 24, 2023 with the French Financial Markets Authority (Autorité des marchés financiers), as the competent authority under Regulation (EU) 2017/1129, without prior approval in accordance with Article 9 of said Regulation.

This Document d'enregistrement universel (Universal Registration Document) may be used for the purposes of a public offer of financial securities or the admission of financial securities to trading on a regulated market only if supplemented by a transaction note and, if applicable, a summary and all amendments to the Document d'enregistrement universel (Universal Registration Document). The group of documents then formed is approved by the French Financial Markets Authority in accordance with Regulation (EU) 2017/1129.

This document has not been approved by the UK Financial Conduct Authority and does not constitute a Universal Registration Document within the meaning of applicable UK law.

1

Presentation of the Company - Integrated report

1.1	TotalEnergies at a glance	6		1.6	Our investment policy	34
1.1.1	A multi-energy company	6	1.6.1	Major investments over the period 2020-2022	35
1.1.2	Our history: an energy transition in progress	10	1.6.2	Major planned investments	36
1.1.3	Our business model	12	1.6.3	Financing mechanisms	36

1.2 Our strategy: an integrated multi-energy

Company

14

1.2.1 How can we respond to current energy demand while

preparing for the future?	14
1.2.2 A Net Zero Company by 2050, together with society	14

1.2.3 2020-2030: a decade of transformation for now and

	the future	15
1.3	Transforming ourselves to reinvent energy	16
1.3.1	Low-carbon electricity: growth and profitability	16
1.3.2	Natural gas: a key fuel for the energy transition	17

1.3.3 Anticipating changes in demand by adapting our

	petroleum products sales	18
1.3.4	New low carbon energies	19

1.4 Our climate ambition: net zero emissions by

2050, together with society	20
1.4.1 Our objectives	20

1.4.2 Our levers to achieve our ambition of net

	zero emissions	22
1.5	Our sustainability ambitions and targets	30

1.7 Innovation for the transformation

	of TotalEnergies	37
1.7.1	OneTech, engine of the transformation	37

1.7.2 R&D at the forefront of the Transformation

	of TotalEnergies	38
1.7.3	Digital acceleration as a performance lever	39
1.8	Our strengths	39
1.8.1	Our employees	39
1.8.2	Our integrated multi-energy model	40
1.8.3	Our operational excellence	41
1.8.4	A global footprint, with local roots	42
1.8.5	An ongoing dialogue with our stakeholders	42
1.9	Our governance	43
1.9.1	A fully committed Board of Directors	43

1.9.2 An Executive Committee entrusted with implementing

the Company's strategy

46

1.9.3 An operational structure built around the Company's

	business segments	47
1.9.4	Risk management system	50
1.10	Our financial performance	50
1.10.1	Overview of the 2022 fiscal year	50
1.10.2	Liquidity and capital resources	59
1.10.3	Trends and outlook	60
1.10.4	Significant changes	63