Business segment information (Tables)

12 Months Ended

Dec. 31, 2022

Business segment information

Schedule of information by business segment

	Integrated
	Gas,
For the year ended December 31, 2022	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	48,753	9,942	121,618	100,661	25	—	280,999
Intersegment sales	7,000	55,190	45,857	1,433	248	(109,728)	—
Excise taxes	—	—	(737)	(16,952)	—	—	(17,689)
Revenues from sales	55,753	65,132	166,738	85,142	273	(109,728)	263,310
Operating expenses	(45,771)	(24,521)	(156,897)	(81,746)	(1,329)	109,728	(200,536)
Depreciation, depletion and impairment of tangible assets and mineral interests	(1,402)	(8,115)	(1,533)	(1,033)	(138)	—	(12,221)
Operating income	8,580	32,496	8,308	2,363	(1,194)	—	50,553
Net income (loss) from equity affiliates and other items	2,766	(9,943)	885	(20)	288	—	(6,024)
Tax on net operating income	(1,712)	(17,445)	(2,544)	(787)	281	—	(22,207)
Net operating income	9,634	5,108	6,649	1,556	(625)	—	22,322
Net cost of net debt							(1,278)
Non-controlling interests							(518)
NET INCOME - TotalEnergies SHARE							20,526

	Integrated
For the year ended December 31, 2022	Gas,
(adjustments)(a)	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	104	—	—	—	—	—	104
Intersegment sales	—	—	—	—	—	—	—
Excise taxes	—	—	—	—	—	—	—
Revenues from sales	104	—	—	—	—	—	104
Operating expenses	1,087	(985)	130	200	(600)	—	(168)
Depreciation, depletion and impairment of tangible assets and mineral interests	(122)	298	—	(72)	(9)	—	95
Operating income(b)	1,069	(687)	130	128	(609)	—	31
Net income (loss) from equity affiliates and other items	(3,490)	(10,925)	(32)	(23)	106	—	(14,364)
Tax on net operating income	(89)	(759)	(751)	(99)	141	—	(1,557)
Net operating income(b)	(2,510)	(12,371)	(653)	6	(362)	—	(15,890)
Net cost of net debt							277
Non-controlling interests							(58)
NET INCOME - TotalEnergies SHARE							(15,671)
(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
(b) Of which inventory valuation effect
On operating income	—	—	239	261	—
On net operating income	—	—	336	194	—

	Integrated
For the year ended December 31, 2022	Gas,
(adjusted)	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	48,649	9,942	121,618	100,661	25	—	280,895
Intersegment sales	7,000	55,190	45,857	1,433	248	(109,728)	—
Excise taxes	—	—	(737)	(16,952)	—	—	(17,689)
Revenues from sales	55,649	65,132	166,738	85,142	273	(109,728)	263,206
Operating expenses	(46,858)	(23,536)	(157,027)	(81,946)	(729)	109,728	(200,368)
Depreciation, depletion and impairment of tangible assets and mineral interests	(1,280)	(8,413)	(1,533)	(961)	(129)	—	(12,316)
Adjusted operating income	7,511	33,183	8,178	2,235	(585)	—	50,522
Net income (loss) from equity affiliates and other items	6,256	982	917	3	182	—	8,340
Tax on net operating income	(1,623)	(16,686)	(1,793)	(688)	140	—	(20,650)
Adjusted net operating income	12,144	17,479	7,302	1,550	(263)	—	38,212
Net cost of net debt							(1,555)
Non-controlling interests							(460)
ADJUSTED NET INCOME - TotalEnergies SHARE							36,197

	Integrated
	Gas,
For the year ended December 31, 2022	Renewables		Exploration &		Refining &		Marketing &
(M$)	& Power		Production		Chemicals		Services		Corporate	Intercompany	Total
Total expenditures	6,475		10,646		1,391		1,186		104	—	19,802
Total divestments	3,427		807		214		222		16	—	4,686
Cash flow from operating activities	9,670		27,654		8,663		3,124		(1,744)	—	47,367
Balance sheet as of December 31, 2022
Property, plant and equipment, intangible assets, net	30,885		87,833		11,525		8,120		669	—	139,032
Investments & loans in equity affiliates	20,869		2,138		4,431		451		—	—	27,889
Other non-current assets	3,669		3,069		570		1,050		130	—	8,488
Working capital	(432)		(2,831)		(3,293)		(288)		(3,393)	—	(10,237)
Provisions and other non-current liabilities	(5,250)		(24,633)		(3,760)		(1,303)		694	—	(34,252)
Assets and liabilities classified as held for sale	155		208		—		—		-	—	363
Capital Employed (Balance sheet)	49,896		65,784		9,473		8,030		(1,900)	—	131,283
Less inventory valuation effect	—		—		(2,035)		(437)		—	—	(2,472)
CAPITAL EMPLOYED (BUSINESS SEGMENT INFORMATION)	49,896		65,784		7,438		7,593		(1,900)	—	128,811
ROACE as a percentage	23	%	25	%	94	%	19	%			28	%

	Integrated
	Gas,
For the year ended December 31, 2021	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	30,704	7,246	87,600	80,288	25	—	205,863
Intersegment sales	4,260	34,896	27,637	451	254	(67,498)	—
Excise taxes	—	—	(1,108)	(20,121)	—	—	(21,229)
Revenues from sales	34,964	42,142	114,129	60,618	279	(67,498)	184,634
Operating expenses	(29,964)	(16,722)	(108,982)	(57,159)	(927)	67,498	(146,256)
Depreciation, depletion and impairment of tangible assets and mineral interests	(1,650)	(9,110)	(1,583)	(1,100)	(113)	—	(13,556)
Operating income	3,350	16,310	3,564	2,359	(761)	—	24,822
Net income (loss) from equity affiliates and other items	2,745	(760)	518	108	45	—	2,656
Tax on net operating income	(602)	(7,506)	(1,068)	(738)	152	—	(9,762)
Net operating income	5,493	8,044	3,014	1,729	(564)	—	17,716
Net cost of net debt							(1,350)
Non-controlling interests							(334)
NET INCOME - TotalEnergies SHARE							16,032

	Integrated
For the year ended December 31, 2021	Gas,
(adjustments)(a)	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	(44)	—	—	—	—	—	(44)
Intersegment sales	—	—	—	—	—	—	—
Excise taxes	—	—	—	—	—	—	—
Revenues from sales	(44)	—	—	—	—	—	(44)
Operating expenses	(271)	(187)	1,470	278	—	—	1,290
Depreciation, depletion and impairment of tangible assets and mineral interests	(342)	(418)	(25)	(36)	—	—	(821)
Operating income(b)	(657)	(605)	1,445	242	—	—	425
Net income (loss) from equity affiliates and other items	(215)	(1,839)	56	(61)	(54)	—	(2,113)
Tax on net operating income	122	49	(396)	(70)	(67)	—	(362)
Net operating income(b)	(750)	(2,395)	1,105	111	(121)	—	(2,050)
Net cost of net debt							25
Non-controlling interests							(3)
NET INCOME - TotalEnergies SHARE							(2,028)
(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
(b) Of which inventory valuation effect
On operating income	—	—	1,481	315	—
On net operating income	—	—	1,296	236	—

	Integrated
For the year ended December 31, 2021	Gas,
(adjusted)	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	30,748	7,246	87,600	80,288	25	—	205,907
Intersegment sales	4,260	34,896	27,637	451	254	(67,498)	—
Excise taxes	—	—	(1,108)	(20,121)	—	—	(21,229)
Revenues from sales	35,008	42,142	114,129	60,618	279	(67,498)	184,678
Operating expenses	(29,693)	(16,535)	(110,452)	(57,437)	(927)	67,498	(147,546)
Depreciation, depletion and impairment of tangible assets and mineral interests	(1,308)	(8,692)	(1,558)	(1,064)	(113)	—	(12,735)
Adjusted operating income	4,007	16,915	2,119	2,117	(761)	—	24,397
Net income (loss) from equity affiliates and other items	2,960	1,079	462	169	99	—	4,769
Tax on net operating income	(724)	(7,555)	(672)	(668)	219	—	(9,400)
Adjusted net operating income	6,243	10,439	1,909	1,618	(443)	—	19,766
Net cost of net debt							(1,375)
Non-controlling interests							(331)
AJUSTED NET INCOME - TotalEnergies SHARE							18,060

	Integrated
	Gas,
For the year ended December 31, 2021	Renewables		Exploration &		Refining &		Marketing &
(M$)	& Power		Production		Chemicals		Services		Corporate	Intercompany	Total
Total expenditures	6,341		7,276		1,638		1,242		92	—	16,589
Total divestments	1,350		894		348		319		22	—	2,933
Cash flow from operating activities	827		22,009		6,473		2,333		(1,232)	—	30,410
Balance sheet as of December 31, 2021
Property, plant and equipment, intangible assets, net	31,525		86,418		11,884		8,578		638	—	139,043
Investments & loans in equity affiliates	20,501		6,337		3,729		486		—	—	31,053
Other non-current assets	3,359		4,441		608		1,105		309	—	9,822
Working capital	5,058		(1,216)		(2,558)		378		(4,220)	—	(2,558)
Provisions and other non-current liabilities	(4,495)		(24,613)		(3,840)		(1,478)		581	—	(33,845)
Assets and liabilities classified as held for sale	30		308		—		—		—	—	338
Capital Employed (Balance sheet)	55,978		71,675		9,823		9,069		(2,692)	—	143,853
Less inventory valuation effect	—		—		(1,754)		(286)		—	—	(2,040)
CAPITAL EMPLOYED (BUSINESS SEGMENT INFORMATION)	55,978		71,675		8,069		8,783		(2,692)	—	141,813
ROACE as a percentage	12	%	14	%	20	%	18	%			14	%

	Integrated
	Gas,
For the year ended December 31, 2020	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	15,629	4,973	56,615	63,451	17	—	140,685
Intersegment sales	2,003	18,483	17,378	357	223	(38,444)	—
Excise taxes	—	—	(2,405)	(18,576)	—	—	(20,981)
Revenues from sales	17,632	23,456	71,588	45,232	240	(38,444)	119,704
Operating expenses	(15,847)	(11,972)	(70,524)	(42,807)	(1,049)	38,444	(103,755)
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,312)	(16,998)	(1,878)	(984)	(92)	—	(22,264)
Operating income	(527)	(5,514)	(814)	1,441	(901)	—	(6,315)
Net income (loss) from equity affiliates and other items	794	697	(393)	37	272	—	1,407
Tax on net operating income	71	(208)	59	(515)	(67)	—	(660)
Net operating income	338	(5,025)	(1,148)	963	(696)	—	(5,568)
Net cost of net debt							(1,768)
Non-controlling interests							94
NET INCOME - TotalEnergies SHARE							(7,242)

	Integrated
For the year ended December 31, 2020	Gas,
(adjustments)(a)	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	20	—	—	—	—	—	20
Intersegment sales	—	—	—	—	—	—	—
Excise taxes	—	—	—	—	—	—	—
Revenues from sales	20	—	—	—	—	—	20
Operating expenses	(423)	(137)	(1,552)	(330)	(60)	—	(2,502)
Depreciation, depletion and impairment of tangible assets and mineral interests	(953)	(7,693)	(306)	—	—	—	(8,952)
Operating income(b)	(1,356)	(7,830)	(1,858)	(330)	(60)	—	(11,434)
Net income (loss) from equity affiliates and other items	(382)	54	(677)	(24)	107	—	(922)
Tax on net operating income	298	388	348	93	(145)	—	982
Net operating income(b)	(1,440)	(7,388)	(2,187)	(261)	(98)	—	(11,374)
Net cost of net debt							(29)
Non-controlling interests							102
NET INCOME - TotalEnergies SHARE							(11,301)
(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
(b) Of which inventory valuation effect
On operating income	—	—	(1,244)	(196)	—
On net operating income	—	—	(1,165)	(137)	—

	Integrated
For the year ended December 31, 2020	Gas,
(adjusted)	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Intercompany	Total
External sales	15,609	4,973	56,615	63,451	17	–	140,665
Intersegment sales	2,003	18,483	17,378	357	223	(38,444)	–
Excise taxes	–	–	(2,405)	(18,576)	–	–	(20,981)
Revenues from sales	17,612	23,456	71,588	45,232	240	(38,444)	119,684
Operating expenses	(15,424)	(11,835)	(68,972)	(42,477)	(989)	38,444	(101,253)
Depreciation, depletion and impairment of tangible assets and mineral interests	(1,359)	(9,305)	(1,572)	(984)	(92)	–	(13,312)
Adjusted operating income	829	2,316	1,044	1,771	(841)	–	5,119
Net income (loss) from equity affiliates and other items	1,176	643	284	61	165	–	2,329
Tax on net operating income	(227)	(596)	(289)	(608)	78	–	(1,642)
Adjusted net operating income	1,778	2,363	1,039	1,224	(598)	–	5,806
Net cost of net debt							(1,739)
Non-controlling interests							(8)
ADJUSTED NET INCOME - TotalEnergies SHARE							4,059

	Integrated
	Gas,
For the year ended December 31, 2020	Renewables		Exploration &		Refining &		Marketing &
(M$)	& Power		Production		Chemicals		Services		Corporate	Intercompany	Total
Total expenditures	6,230		6,782		1,325		1,052		145	—	15,534
Total divestments	1,152		819		149		158		177	—	2,455
Cash flow from operating activities	2,129		9,922		2,438		2,101		(1,787)	—	14,803
Balance sheet as of December 31, 2020
Property, plant and equipment, intangible assets, net	30,704		89,207		12,486		8,734		732	—	141,863
Investments & loans in equity affiliates	16,455		7,328		3,638		555		—	—	27,976
Other non-current assets	3,647		5,093		791		1,260		1,042	—	11,833
Working capital	(1,004)		1,968		(264)		(43)		(4,470)	—	(3,813)
Provisions and other non-current liabilities	(4,566)		(24,909)		(4,658)		(1,641)		606	—	(35,168)
Assets and liabilities classified as held for sale	375		241		(83)		—		—	—	533
Capital Employed (Balance sheet)	45,611		78,928		11,910		8,865		(2,090)	—	143,224
Less inventory valuation effect	—		—		(535)		(72)		—	—	(607)
CAPITAL EMPLOYED (BUSINESS SEGMENT INFORMATION)	45,611		78,928		11,375		8,793		(2,090)	—	142,617
ROACE as a percentage	4	%	3	%	9	%	14	%			4	%

Schedule of reconciliation of the information by business segment with consolidated financial statements

			Consolidated
For the year ended December 31, 2022			statement of
(M$)	Adjusted	Adjustments(a)	income
Sales	280,895	104	280,999
Excise taxes	(17,689)	—	(17,689)
Revenues from sales	263,206	104	263,310
Purchases, net of inventory variation	(171,049)	1,601	(169,448)
Other operating expenses	(28,745)	(1,044)	(29,789)
Exploration costs	(574)	(725)	(1,299)
Depreciation, depletion and impairment of tangible assets and mineral interests	(12,316)	95	(12,221)
Other income	1,349	1,500	2,849
Other expense	(1,542)	(5,802)	(7,344)
Financial interest on debt	(2,386)	—	(2,386)
Financial income and expense from cash & cash equivalents	746	397	1,143
Cost of net debt	(1,640)	397	(1,243)
Other financial income	812	84	896
Other financial expense	(533)	—	(533)
Net income (loss) from equity affiliates	8,254	(10,146)	(1,892)
Income taxes	(20,565)	(1,677)	(22,242)
CONSOLIDATED NET INCOME	36,657	(15,613)	21,044
TotalEnergies share	36,197	(15,671)	20,526
Non-controlling interests	460	58	518

^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

			Consolidated
For the year ended December 31, 2021			statement of
(M$)	Adjusted	Adjustments(a)	income
Sales	205,907	(44)	205,863
Excise taxes	(21,229)	–	(21,229)
Revenues from sales	184,678	(44)	184,634
Purchases, net of inventory variation	(120,160)	1,538	(118,622)
Other operating expenses	(26,754)	(140)	(26,894)
Exploration costs	(632)	(108)	(740)
Depreciation, depletion and impairment of tangible assets and mineral interests	(12,735)	(821)	(13,556)
Other income	1,300	12	1,312
Other expense	(944)	(1,373)	(2,317)
Financial interest on debt	(1,904)	–	(1,904)
Financial income and expense from cash & cash equivalents	340	39	379
Cost of net debt	(1,564)	39	(1,525)
Other financial income	762	–	762
Other financial expense	(539)	–	(539)
Net income (loss) from equity affiliates	4,190	(752)	3,438
Income taxes	(9,211)	(376)	(9,587)
CONSOLIDATED NET INCOME	18,391	(2,025)	16,366
TotalEnergies share	18,060	(2,028)	16,032
Non-controlling interests	331	3	334

^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

			Consolidated
For the year ended December 31, 2020			statement of
(M$)	Adjusted	Adjustments(a)	income
Sales	140,665	20	140,685
Excise taxes	(20,981)	–	(20,981)
Revenues from sales	119,684	20	119,704
Purchases, net of inventory variation	(75,672)	(1,814)	(77,486)
Other operating expenses	(24,850)	(688)	(25,538)
Exploration costs	(731)	–	(731)
Depreciation, depletion and impairment of tangible assets and mineral interests	(13,312)	(8,952)	(22,264)
Other income	1,405	832	2,237
Other expense	(689)	(817)	(1,506)
Financial interest on debt	(2,140)	(7)	(2,147)
Financial income and expense from cash & cash equivalents	68	(31)	37
Cost of net debt	(2,072)	(38)	(2,110)
Other financial income	914	–	914
Other financial expense	(689)	(1)	(690)
Net income (loss) from equity affiliates	1,388	(936)	452
Income taxes	(1,309)	991	(318)
CONSOLIDATED NET INCOME	4,067	(11,403)	(7,336)
TotalEnergies share	4,059	(11,301)	(7,242)
Non-controlling interests	8	(102)	(94)

^(a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

Schedule of detail of the adjustment items

Adjustments to operating income

	Integrated
	Gas,
For the year ended December 31, 2022	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Total
Inventory valuation effect	—	–	239	261	–	500
Effect of changes in fair value	1,248	–	–	–	–	1,248
Restructuring charges	(25)	–	–	(5)	–	(30)
Asset impairment and provisions charges	(126)	(588)	–	(98)	(9)	(821)
Gains (losses) on disposals of assets	–	–	–	–	–	–
Other items	(28)	(99)	(109)	(30)	(600)	(866)
TOTAL	1,069	(687)	130	128	(609)	31

Adjustments to net income, TotalEnergies share

	Integrated
	Gas,
For the year ended December 31, 2022	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Total
Inventory valuation effect	–	–	323	178	–	501
Effect of changes in fair value	1,138	–	–	–	–	1,138
Restructuring charges	(28)	–	–	(14)	–	(42)
Asset impairment and provisions charges	(4,481)	(11,141)	–	(112)	(9)	(15,743)
Gains (losses) on disposals of assets	1,391	–	–	–	–	1,391
Other items	(576)	(1,093)	(990)	(60)	(197)	(2,916)
TOTAL	(2,556)	(12,234)	(667)	(8)	(206)	(15,671)

Adjustments to operating income

	Integrated
	Gas,
For the year ended December 31, 2021	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Total
Inventory valuation effect	–	–	1,481	315	–	1,796
Effect of changes in fair value	(217)	–	–	–	–	(217)
Restructuring charges	(17)	(59)	(10)	–	–	(86)
Asset impairment and provisions charges	(342)	(356)	(25)	(36)	–	(759)
Gains (losses) on disposals of assets	–	(170)	—	—	–	(170)
Other items	(81)	(20)	(1)	(37)	–	(139)
TOTAL	(657)	(605)	1,445	242	–	425

Adjustments to net income, TotalEnergies share

	Integrated
	Gas,
For the year ended December 31, 2021	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Total
Inventory valuation effect	–	–	1,277	218	–	1,495
Effect of changes in fair value	(194)	–	–	–	–	(194)
Restructuring charges	(17)	(75)	(118)	(44)	(54)	(308)
Asset impairment and provisions charges	(332)	(500)	(42)	(36)	–	(910)
Gains (losses) on disposals of assets(a)	–	(1,726)	–	–	–	(1,726)
Other items	(196)	(51)	(31)	(40)	(67)	(385)
TOTAL	(739)	(2,352)	1,086	98	(121)	(2,028)

(a) Of which $(1,379) million relate to the impact of the TotalEnergies' interest sale of Petrocedeño to PDVSA.

Adjustments to operating income

	Integrated
	Gas,
For the year ended December 31, 2020	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Total
Inventory valuation effect	–	–	(1,244)	(196)	–	(1,440)
Effect of changes in fair value	20	–	–	–	–	20
Restructuring charges	(39)	(35)	(30)	–	–	(104)
Asset impairment and provisions charges	(953)	(7,693)	(306)	–	–	(8,952)
Other items	(384)	(102)	(278)	(134)	(60)	(958)
TOTAL	(1,356)	(7,830)	(1,858)	(330)	(60)	(11,434)

Adjustments to net income, TotalEnergies share

	Integrated
	Gas,
For the year ended December 31, 2020	Renewables	Exploration &	Refining &	Marketing &
(M$)	& Power	Production	Chemicals	Services	Corporate	Total
Inventory valuation effect	–	–	(1,160)	(120)	—	(1,280)
Effect of changes in fair value	23	–	–	–	–	23
Restructuring charges	(43)	(29)	(292)	–	–	(364)
Asset impairment and provisions charges	(829)	(7,328)	(306)	(2)	–	(8,465)
Gains (losses) on disposals of assets	—	—	–	–	104	104
Other items	(566)	—	(423)	(106)	(224)	(1,319)
TOTAL	(1,415)	(7,357)	(2,181)	(228)	(120)	(11,301)