TotalEnergies plans $2.5 billion share buybacks in Q4

For best results when printing this announcement, please click on link below: Strategy and Outlook Presentation 2026 More energy, less emissions, more free cash flow TotalEnergies confirms its objectives of growth for oil, gas & electricity production and free cash flow towards 2030 and presents its ambitions for growth at 2035 horizon The Board of Directors commits to a dividend increase of more than 5% per year until 2030 and confirms a shareholder return of 40% of cash flow while deleveraging the Company 4% energy production growth per year until 2030 $10 billion free cash flow((1)) growth from 2025 to 2030 at same price deck, equivalent to more than $4 per share +3% Oil & Gas production growth on average per year between 2025 and 2030, thanks to the production start-ups of the rich portfolio of low-cost, low-emission projects, all currently under execution. > +20% electricity generation growth per year, reaching 100-120 TWh/y by 2030 representing around 20% of the Company's energy mix by then. Integrated Power will be free cash flow positive in 2027 (balanced in 2026) and will reach 12% ROACE by 2030. This growth of cash accretive new productions will translate into a strong free cash flow increase of around $10 billion from 2025 to 2030 at same price deck, representing an increase of more than $4 per share. TotalEnergies has also a very good visibility on its capacity to grow energy production beyond 2030: In Oil & Gas, TotalEnergies already possesses a rich portfolio of organic projects (Namibia, Nigeria, Libya, Malaysia, Mozambique and Papua New Guinea) and a proven reserves life index of more than 12 years allowing the Company to maintain a production plateau of around 3 Mboe/d until 2035. This solid base allows TotalEnergies to set an ambition for 2-3% growth per year over the period 2030-2035 by leveraging its proven track record in exploration and accessing discovered resources. In electricity, TotalEnergies will aim to maintain its growth pace of net power generation of 10-12 TWh per year over 2030-2035, thanks to the deployment of its integrated model across its key deregulated markets, building on the capacity of its renewables’ platform and pipeline and further developing flexible opportunities (gas-to-power, batteries) in the US and Europe. With this growth, electricity will represent 25% of the Company’s energy mix by 2035. To support this long-term growth, the Company is planning net investments between $14 billion and $17 billion per year over 2027-2032. Confident in the Company’s ability to deliver production and free cash flow growth by 2030, the Board of Directors adopted on 27(th) September 2026 a dividend policy to increase the dividend by more than 5% per year for financial years 2026 to 2030. Furthermore, the Board confirms a shareholder return of at least 40% of cash flow while deleveraging the Company, with a gearing ratio lower than 10%. In that framework, with a gearing ratio expected to be below 10% by end of 2026,