February 2026 Shareholders’ Webzine

With cash flow stable at $7.2 billion in the 4^th quarter of 2025, TotalEnergies once again demonstrates its ability to offset lower hydrocarbon prices thanks to accretive growth in its Upstream production of 3.9% in 2025, exceeding the guidance of above 3%.
For the year 2025, the Company reported adjusted net income of $15.6 billion and cash flow of $27.8 billion in an environment marked by a decline of 15% in oil prices. Return on average capital employed stood at 12.6%, the best among the majors for the fourth consecutive year.

Patrick Pouyanné Chairman and CEO