The Board of Directors of TotalEnergies SE, meeting on April 27, 2022 under the chairmanship of Patrick Pouyanné, Chairman and Chief Executive Officer, has approved the Company's accounts for the first quarter of 2022. In the first quarter of 2022, TotalEnergies recorded adjusted net income of $9 billion.

The rebound in energy prices seen in the second half of 2021 was amplified in the first quarter of 2022 following Russia's military aggression in Ukraine, with oil prices exceeding $100/bbl and historically high gas prices in Europe and Asia above $30/Mbtu over the quarter.

The Company generated a cash flow of $11.6 billion and free cash flow of $5.8 billion. Its debt ratio has fallen to 12.5% and its return on average capital employed is 18%.

Exploration and Production enjoys stable production and high oil and gas prices and posted adjusted net operating income of $5 billion and cash flow of $7.3 billion in the first quarter of 2022. TotalEnergies has announced a promising discovery in deep-offshore namibia.

In the second quarter, TotalEnergies will benefit from the increase in its production in Brazil from May 2022 with the start-up of Mero 1 and the entry into Atapu and Sepia (30 Mb/d in the second quarter which will increase to 60 Mb/d in the fourth quarter).