REG-TotalEnergies SE Impact of Middle East Conflict on TotalEnergies Activities

TotalEnergies SEAnnouncement

16/03/2026 07:00

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Impact of Middle East Conflict on TotalEnergies Activities

 

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):

Confirmation of information released on Company’s website on March 10, 2026


 * Production has been shut down or is in the process of shutting down in Qatar,
Iraq and UAE offshore, representing approximately 15% of our total output.

 * Onshore UAE production (~210 kb/d TotalEnergies share) is not affected by the
conflict at this stage.

 * The Middle East barrels’ CFFO is lower than our portfolio average due to
higher taxation, and these 15% of our volumes account for ~10% of Upstream
cash flow.

 * Growth of our accretive barrels is expected to come overwhelmingly from
outside the Middle East in 2026, meaning that a higher oil price more than
offsets the loss of Middle East production: an $8/b increase in the Brent
price is enough to offset the expected 2026 CFFO from our Iraq, UAE offshore
and Qatar assets at $60/b.

 * Operations at the Satorp refinery are continuing normally for now and are
supplying the Saudi domestic market.

 * The impact of LNG production shutdowns in Qatar on our LNG trading activities
is limited (around 2 Mt expected in 2026), as most Qatari LNG is marketed by
QE.

TotalEnergies is continuing to monitor the evolution of the situation on the
ground and will update you in case of material change of the above.

Cautionary Note

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in
this document are used to designate TotalEnergies SE and the consolidated
entities that are directly or indirectly controlled by TotalEnergies SE.
Likewise, the words “we”, “us” and “our” may also be used to refer
to these entities or to their employees. The entities in which TotalEnergies
SE directly or indirectly owns a shareholding are separate legal entities.
This document may contain forward-looking information and statements that are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future and are subject to a number of risk factors. Neither TotalEnergies SE
nor any of its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends contained in
this document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the most
recent Universal Registration Document, the French-language version of which
is filed by TotalEnergies SE with the French securities regulator Autorité
des Marchés Financiers (AMF), and in the Form 20-F filed with the United
States Securities and Exchange Commission (SEC).

TotalEnergies

Media Relations: +33 (0)1 47 44 46 99 l presse@totalenergies.com
(mailto:presse@totalenergies.com) l @TotalEnergiesPR 
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Investor Relations: +33 (0)1 47 44 46 46 l ir@totalenergies.com
(mailto:ir@totalenergies.com)



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