1、July 24th,2025/12:00PM GMT,TotalEnergies 2Q2025 Earnings Call CORPORATE PARTICIPANTS Patrick Pouyann-TotalEnergies SE-Chairman&CEO Jean-Pierre Sbraire-TotalEnergies SE-CFO Q&A PARTICIPANTS Michele Della Vigna Goldman Sachs Biraj Borkhataria RBC Irene Himona Bernstein Martijn Rats Morgan Stanley Lydi

2、a Rainforth Barclays Doug Leggate Wolfe Research Christopher Kuplent Bank of America Matthew Lofting JPMorgan Chase&Co Lucas Herrmann BNP Paribas Exane Kim Fustier HSBC Alastair Syme Citi Henri Patricot UBS Paul Cheng Scotiabank Jean-Luc Romain CIC Market Solutions Jason Gabelman TD Cowen July 24th,

3、2025/12:00PM GMT,TotalEnergies 2Q2025 Earnings Call PRESENTATION Patrick Pouyann-TotalEnergies SE-Chairman&CEO Good afternoon or good morning,everyone.Before Jean-Pierre goes through the details of the second financials,I would like to make some few opening comments.We are facing an unstable geopoli

4、tical and macroeconomic environment,which has been dominated by during the quarter by the Israel-Iran 12-day war and also the tariff war between the U.S.and some commercial partners.In this context,oil markets have been volatile during the second quarter,with price broadly fluctuating between$60,$70

5、/b,an average of$68/b with a short and ultimately modest increase during Iran crisis with crude prices reaching$81/b at the highest point.We could consider in our view that this is quite a limited price response to this major crisis.And somewhere,it is a signal that the oil market is well supplied,i

6、n particular,fuelled by OPEC+s decision to unwind some voluntary production cuts and also facing a weaker demand linked to the global slowdown of economic growth.In such a context,and Jean-Pierre will detail that in a few moments,this quarter TotalEnergies once again demonstrating the Companys robus