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  2. Zoom sur la présentation des Résultats annuels
2024: a year of progress on our two pillars - see description hereafter
1/ 4-

2024: a year of progress on our two pillars

TotalEnergies' strategy is based on two pillars: Oil & Gas and Integrated Power.

Oil & Gas

The main achievements in Oil are: 

  • Start-up of five major oil and gas projects
  • Final Investment Decision (FID) of four major oil projects (Suriname, Brazil and Angola)
  • Namibia: progressing towards first development

The main achievements in gas and LNG are: 

  • Signature of > 6 Mtpa LNG LT sales contracts
  • Marsa LNG FID (Oman)
  • Acquisition of interests in upstream gas assets in the Eagle Ford, Texas (US) and of SapuraOMV (Malaysia)

To sum up: 

The 2024 FIDs ensure value-generating production growth of +3%/year over the 2025-2030 period.
The rate for reserve renewal is 157%.

Integrated Power

The main achievements in Integrated Power are: 

  • Acquiring flexible assets (Texas, UK) to provide Clean Firm Power to customers
  • Building Integrated Power value chain in Germany

Integrated Power generated a CFFO of 2,6 G$

Attractive shareholder distributions while keeping a strong balance sheet - see detailed description hereafter
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Attractive shareholder distributions while keeping a strong balance sheet

The slide shows the breakdown of cash flow in 2024

Cash-flow generation: 

  • Exploration & Production: 17 B$
  • Integrated LNG: 4.9 B$
  • Integrated Power: 2.6 B$
  • Downstream: 6.1B$

Cash-flow allocation:

17.8 B$: Capital Investment
15.7 B$: 8 B$ in Buybacks et 7,7 B$ in dividends

2024 key figures : 

  • 29.9 B$ CFFO
  • 18.3 B$ Adjusted net income, TotalEnergies share
  • 14.8% ROACE
  • 15.8% Return on Equity
  • 15.8 B$ IFRS net income
  • 8.3% Net income at the end of 2024, and 9.5% normalized gearing
  • 15.7 B$ of dividends + buybacks
Steadily reducing emissions, ahead of objectives - see description hereafter
3/ 4-

Steadily reducing emissions, ahead of objectives

The slide shows emission reductions figures.

Scope 1+2 operated (MtCO2e)

  • -36% in 2024 versus 2015, reference year (-3% in 2023)
  • Overall scope 1+2 : 34 Mt CO2e versus 46 in 2015, reference year

Methane (scope operated) in kt CH4

  • -55% in 2024 (versus 2020), target of 50% exceeded

Lifecycle carbon intensity (Scope 1+2+3) in gCO2e/MJ

-17% in 2024, target exceeded (-14%)

More information on tracking methane leaks: 

2024 achievements

  • Target of -50% (versus 2020) reached a year early
  • Gabon: routine flaring eliminated, 2 years early
  • Decision to deploy continuous detection systems across all operated upstream sites

2025: improved targets -60 %

  • Deployment of ~13 000 equipment for continuous methane tracking
  • Further technological improvements: switch gas instrument to air, flare tips replacement, etc.
Deep low cost portfolio delivering superior returns and shareholder distributions - see description hereafter
4/ 4-

Deep low-cost portfolio delivering superior returns and shareholder distributions

The slide shows four graphs comparing TotalEnergies to its pairs (BP, Chevron, Exxon, Shell)

Proved reserves life index (by number of years)

BP: around 7 (end of 2023)
Chevron: around 7.5 (end of 2024)
Shell: around 8 (end of 2024)
TotalEnergies: 12.4 with increment from 2024 bookings (end of 2024)
Exxon: around 12 (end of 2023)

ROACE (Full year 2024)

Chevron: around 11%
Shell: around 11.5%
BP: around 12% (on the last 12 months until Q3 2024)
Exxon: around 13.5%
TotalEnergies: 14.8%

Upstream production costs (en $/bep)

TotalEnergies: 4,9 
BP: around 5,5
Shell: around 8
Chevron: around 10
Exxon: around 12

Dividend per share (Growth 2024 vs. 2019)

Chevron: around +35%
TotalEnergies: +25% 
Exxon: around +10% 
BP: around -18% (Q3 2019 versus Q3 2024)
Shell: around -20% 

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