Climate risk summary for TotalEnergies — Oil & Gas, France
TotalEnergies is a French multinational integrated energy company and one of the world's major oil and gas producers, with growing investments in renewables and electricity. TotalEnergies faces significant transition risks from energy market transformation and carbon pricing, alongside physical climate risks to its upstream assets and refining infrastructure worldwide.
Greenhouse gas emissions across all scopes — current year and reduction trajectory
Emissions are modelled using machine learning models trained on reported emissions from 9,000+ public companies. Non-linear patterns are encoded into estimates using financial metrics as inputs.
Find out more here →Financial value at risk from transition and physical climate exposures
Financial impact of carbon pricing, regulatory costs, and market transition on company value
| Metric | 2025 Baseline | 2025 w/ Targets | 2030 Baseline | 2030 w/ Targets | 2050 Baseline | 2050 w/ Targets |
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| EBITDA | -$320.3M | -$320.3M | -$1.2B | -$1.0B | -$30.9B | $0.0M |
| EBITDA Margin | -0.0% | -0.0% | -0.0% | -0.0% | -0.1% | 0.0% |
| EBIT | -$320.3M | -$320.3M | -$1.2B | -$1.0B | -$30.9B | $0.0M |
| Net Income | -$173.9M | -$173.9M | -$670.9M | -$562.3M | -$16.8B | $0.0M |
| Net Income Margin | -0.0% | -0.0% | -0.0% | -0.0% | -0.0% | 0.0% |
| Carbon Cost | ||||||
| Carbon Cost | $320.3M | $320.3M | $1.2B | $1.0B | $30.9B | $0.0M |
| Carbon Cost % Revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
| Carbon Cost Cash Outflow | $320.3M | $320.3M | $1.2B | $1.0B | $30.9B | $0.0M |
| NPV Carbon Costs | $52.7B | $6.0B | — | — | — | — |
| Balance Sheet & Credit | ||||||
| Total Assets | $0.0M | $0.0M | -$826.7M | -$730.5M | -$41.7B | -$1.7B |
| Total Debt | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Total Equity | $0.0M | $0.0M | -$826.7M | -$730.5M | -$41.7B | -$1.7B |
| Retained Earnings | $0.0M | $0.0M | -$826.7M | -$730.5M | -$41.7B | -$1.7B |
| Debt / EBITDA | 0.01 | 0.01 | 0.01 | 0.01 | 0.08 | 0.00 |
| Interest Coverage | -0.13 | -0.13 | -0.51 | -0.43 | -12.80 | 0.00 |
| Cash Flow | ||||||
| Free Cash Flow (Levered) | -$173.9M | -$173.9M | -$670.9M | -$562.3M | -$16.8B | $0.0M |
| Ending Cash Position | $0.0M | $0.0M | -$826.7M | -$730.5M | -$41.7B | -$1.7B |
| Valuation | ||||||
| Debt/EBITDA ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.08 | 0.00 |
| EV/EBITDA Valuation | -$822.9M | -$822.9M | -$2.6B | -$2.2B | -$29.7B | $0.0M |
| P/E Valuation | -$1.1B | -$1.1B | -$3.3B | -$2.8B | -$32.9B | $0.0M |
| EV Erosion (DCF) | -$0.2M | -$0.0M | — | — | — | — |
| Blended TVaR | -$965.4M | -$965.4M | -$3.0B | -$2.5B | -$31.3B | $0.0M |
Enterprise value at risk from acute and chronic physical climate hazards
Climate hazard exposure across 13 assets — average annual loss by peril and scenario
AAL represents the expected financial loss from a physical hazard in any given year, averaged across all possible event intensities and their probabilities. It is derived from hazard models that combine historical climate data with forward-looking scenario projections, applied to each asset's location, construction type, and replacement value. Baseline AAL reflects current climate conditions; Scenario AAL incorporates projected shifts in hazard frequency and severity under each warming pathway.
Find out more here →| Asset | Value | Wildfire AAL | Cyclone AAL | Coastal Flood AAL | River Flood AAL | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baseline | RCP 4.5 | RCP 8.5 | Baseline | RCP 4.5 | RCP 8.5 | Baseline | RCP 4.5 | RCP 8.5 | Baseline | RCP 4.5 | RCP 8.5 | ||
| Total Normandy Refinery | $1.3B | — | — | — | — | $0K | — | $5149K | $9662K | $10902K | $2K | $4K | $4K |
| TotalEnergies Petrochemicals , Gonfreville l'orcher | $775M | — | — | — | — | $0K | — | $4457K | $8373K | $8479K | $1K | $2K | $2K |
| TotalEnergies Feyzin, Feyzin | $370M | $3K | $14K | $18K | — | — | — | — | — | — | $484K | $509K | $527K |
| Lacq power station | $65M | $2K | $5K | $5K | — | $0K | $0K | — | — | — | $6K | $5K | $6K |
| Bayet Combined Cycle power station | $360M | $1K | $3K | $4K | — | — | — | — | — | — | — | — | — |
| Total Leuna Refinery | $1.1B | $0K | $0K | $0K | — | — | — | — | — | — | — | — | — |
| Angola_Lower Congo_Deepwater | $8.0B | — | — | — | — | — | — | — | — | — | — | — | — |
| Angola_Lower Congo_Deepwater | $8.0B | — | — | — | — | — | — | — | — | — | — | — | — |
| TotalEnergies Fina Antwerp Olefin, Antwerp | $1.7B | — | — | — | — | — | — | — | $207K | $1049K | — | — | — |
| Pont sur sambre power station | $405M | — | — | — | — | — | — | — | — | — | — | — | — |
| Marcinelle Energie (Carsid) power station | $370M | — | — | — | — | — | — | — | — | — | — | — | — |
| Croix-de-Metz (Toul) power station | $370M | — | $0K | $0K | — | — | — | — | — | — | — | — | — |
| Landivisiau power station | $535M | — | — | — | — | $0K | $0K | — | — | — | — | — | — |