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TotalEnergies EP Gabon: Quarterly Financial Information

TotalEnergies

2026 Second quarter and first half results

PORT-GENTIL, Gabon, August 27, 2026--Regulatory News:

TotalEnergies EP Gabon (Paris:EC):

Main Financial Indicator

 Q2 26

Q1 26

 Q2 26

vs

Q1 26

H1 26

 H1 25

H1 26

vs

H1 25

Average Brent Price

$/b

103.8

81.1

+28%

92.3

71.9

+28%

Average TotalEnergies EP Gabon crude price (1)

$/b

100.2

93.5

+7%

96.9

68.5

+41%

Crude oil production from fields operated by TotalEnergies EP Gabon

kb/d (2)

15.0

16.1

-7%

15.6

15.4

+1%

Sales volumes (3)

Mb (4)

1.0

1.0

0%

2.0

3.1

-35%

Revenues (5)

M$

111

98

+13%

209

217

-4%

Cash flow from operations (6)

M$

50

-4

ns

46

-183

-125%

Capital expenditure

M$

15

15

0%

30

39

-23%

Net Income

M$

6

45

-87%

51

22

132%

(1)

The crude price calculation excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these barrels being handed over in kind to the host state.

(2)

kb/d: Thousand barrels per day (excluding gas production).

(3)

Sales volume excludes profit oil reverting to the Gabonese Republic as per production sharing contracts, these barrels being handed over in kind to the host state.

(4)

Mb : Million of barrels.

(5)

Revenue from hydrocarbon sales and services, including profit oil reverting to the Gabonese Republic as per production sharing contracts.

(6)

Funds generated from operations are comprised of the operating cash flow, the gains or losses on disposal of assets and the working capital changes.

2026 Second quarter and first half results

Selling price

In the second quarter of 2026, the average price of Brent stood at $103.8 per barrel ($/b), up 28% compared to the first quarter of 2026. The average selling price of the crude oil grade marketed by TotalEnergies EP Gabon reached $100.2/b, up 7% compared to the first quarter of 2026, which had benefited from particularly favourable market conditions for Mandji crude.

Over the first half of 2026, the average selling price of the crude oil grade marketed by TotalEnergies EP Gabon ($96.9/b) was up 41% compared to the first half of 2025. Crude prices have risen significantly since March due to the conflict in the Middle East, while a favourable lifting schedule enabled TotalEnergies EP Gabon to market its volumes at a price above the average Brent price at the beginning of the year.

Production

TotalEnergies EP Gabon's crude oil production amounted to 15.0 kb/d in the second quarter of 2026, down 7% compared to the first quarter of 2026, due to the natural decline of the fields and production shutdowns for integrity works on the Anguille/Ile Mandji – Cap Lopez export pipeline and the Anguille/Torpille gas pipeline.

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