Main items related to operating activities (Tables)

12 Months Ended

Dec. 31, 2023

Main items related to operating activities

Schedule of operating expenses

For the year ended December 31,
(M$)	2023	2022	2021
Purchases, net of inventory variation (a) (b)	(143,041)	(169,448)	(118,622)
Exploration costs	(573)	(1,299)	(740)
Other operating expenses (c)	(30,419)	(29,789)	(26,894)
of which non-current operating liabilities (allowances) reversals	821	1,086	1,299
of which current operating liabilities (allowances) reversals	(92)	(188)	(30)
OPERATING EXPENSES	(174,033)	(200,536)	(146,256)

(a) Includes taxes paid on oil and gas production in the Exploration & Production segment, amongst others, royalties.

(b) TotalEnergies values under / over lifting at market value.

(c) Principally composed of production and administrative costs (refer to in particular the payroll costs as detailed in Note 10 to the Consolidated Financial Statements “Payroll, staff and employee benefits obligations”).

Schedule of amortization, depreciation and impairment of tangible assets and mineral interests

For the year ended December 31,
(M$)	2023	2022	2021
Depreciation and impairment of tangible assets	(11,902)	(11,128)	(12,683)
Amortization and impairment of mineral assets	(860)	(1,093)	(873)
TOTAL	(12,762)	(12,221)	(13,556)

Schedule of inventories and changes in the valuation allowance on inventories

As of December 31, 2023		Valuation
(M$)	Gross value	allowance	Net value
Crude oil and natural gas	3,334	(152)	3,182
Refined products	5,335	(141)	5,194
Chemicals products	1,668	(97)	1,571
Trading inventories	6,158	–	6,158
Other inventories	4,248	(1,036)	3,212
TOTAL	20,743	(1,426)	19,317

As of December 31, 2022		Valuation
(M$)	Gross value	allowance	Net value
Crude oil and natural gas	4,758	(47)	4,711
Refined products	6,386	(162)	6,224
Chemicals products	1,635	(93)	1,542
Trading inventories	6,672	–	6,672
Other inventories	4,797	(1,010)	3,787
TOTAL	24,248	(1,312)	22,936

As of December 31, 2021		Valuation
(M$)	Gross value	allowance	Net value
Crude oil and natural gas	3,221	(7)	3,214
Refined products	5,411	(50)	5,361
Chemicals products	1,519	(98)	1,421
Trading inventories	6,501	–	6,501
Other inventories	4,538	(1,083)	3,455
TOTAL	21,190	(1,238)	19,952

Changes in the valuation allowance on inventories are as follows:

			Currency
	Valuation		translation	Valuation
For the year ended December 31,	allowance as of		adjustment and	allowance as of
(M$)	January 1,	Increase (net)	other variations	December 31,
2023	(1,312)	(92)	(22)	(1,426)
2022	(1,238)	(121)	47	(1,312)
2021	(1,285)	(36)	83	(1,238)

Schedule of accounts receivable and other current assets and changes in the valuation allowances

As of December 31, 2023		Valuation
(M$)	Gross value	allowance	Net value
Accounts receivable	24,334	(892)	23,442
Recoverable taxes	4,085	(7)	4,078
Other operating receivables	15,218	(266)	14,952
Prepaid expenses	1,731	–	1,731
Other current assets	60	–	60
Other current assets	21,094	(273)	20,821

As of December 31, 2022		Valuation
(M$)	Gross value	allowance	Net value
Accounts receivable	25,204	(826)	24,378
Recoverable taxes	6,295	(32)	6,263
Other operating receivables	28,582	(293)	28,289
Prepaid expenses	1,455	–	1,455
Other current assets	63	–	63
Other current assets	36,395	(325)	36,070

As of December 31, 2021		Valuation
(M$)	Gross value	allowance	Net value
Accounts receivable	22,776	(793)	21,983
Recoverable taxes	3,713	(54)	3,659
Other operating receivables	29,767	(214)	29,553
Prepaid expenses	1,879	–	1,879
Other current assets	53	–	53
Other current assets	35,412	(268)	35,144

Changes in the valuation allowance on “Accounts receivable” and “Other current assets” are as follows:

			Currency
	Valuation		translation	Valuation
	allowance as of		adjustments and	allowance as of
For the year ended December 31, (M$)	January 1,	Increase (net)	other variations	December 31,
Accounts receivable
2023	(826)	(82)	16	(892)
2022	(793)	(98)	65	(826)
2021	(831)	(24)	62	(793)
Other current assets
2023	(325)	(7)	59	(273)
2022	(268)	(83)	26	(325)
2021	(275)	(10)	17	(268)

Schedule of other creditors and accrued liabilities

As of December 31, (M$)	2023	2022	2021
Accruals and deferred income	1,129	737	3,744
Payable to States (including taxes and duties)	13,974	14,780	10,281
Payroll	1,687	1,572	1,481
Other operating liabilities	19,937	35,186	27,294
TOTAL	36,727	52,275	42,800

Schedule of additional information on cash paid or received in the cash flow from operating activities

For the year ended December 31, (M$)	2023	2022	2021
Interests paid	(2,883)	(2,292)	(1,886)
Interests received	1,431	655	284
Income tax paid(a)	(12,688)	(14,486)	(4,508)
Dividends received	2,821	3,955	2,346

(a) These amounts include taxes paid in kind under production-sharing contracts in exploration and production activities.

Detail of changes in working capital

For the year ended December 31, (M$)	2023	2022	2021
Inventories	3,159	(3,805)	(5,903)
Accounts receivable	306	(3,272)	(6,788)
Other current assets	14,860	(3,523)	(21,026)
Accounts payable	572	5,313	12,073
Other creditors and accrued liabilities	(12,806)	6,478	21,028
NET AMOUNT, DECREASE (INCREASE)	6,091	1,191	(616)

Detail of changes in provisions and deferred taxes

As of December 31, (M$)	2023	2022	2021
Accruals	257	2,177	(467)
Deferred taxes	556	2,417	1,429
TOTAL	813	4,594	962