TotalEnergies SE: Voting Rights and Share Capital as of November 30, 2024

TotalEnergies SE, a global energy company, has seen significant changes in its shareholder dynamics over the years. As of November 30, 2024, the company's share capital consists of 2,386,846,474 shares, with 2,152,270,830 shares representing the free float, accounting for approximately 90.17% of the total shares. The remaining shares, amounting to 65,716,125, are held by the company itself, representing 2.753% of the total shares.

The evolution of TotalEnergies SE's shareholder composition can be attributed to various factors, including strategic acquisitions, divestments, and activist investors. The company has expanded its portfolio through strategic acquisitions, such as the acquisition of SunPower in 2011, which strengthened its position in the renewable energy sector. Additionally, TotalEnergies SE has divested certain assets to optimize its portfolio and maintain a strong financial position.

Activist investors, such as Elliott Management and Engie, have played a significant role in shaping TotalEnergies SE's shareholder dynamics. These investors have pressured the company to improve its financial performance and strategic direction. In 2021, Elliott Management acquired a stake in TotalEnergies, pushing for a more aggressive approach to renewable energy investments and cost-cutting measures. Engie, another activist investor, has also engaged with the company to encourage a shift towards cleaner energy sources and improved operational efficiency.

The strategic decisions made by TotalEnergies SE, influenced by activist investors, have led to a more aggressive pursuit of renewable energy projects and a focus on cost optimization. The company's shareholder dynamics reflect its growth and transformation as a multi-energy company, with a strong focus on renewable energies and sustainability.

The following table illustrates the distribution of TotalEnergies SE's shares among various shareholders as of November 30, 2024:

| Shareholder | Number of Shares | Percentage of Total Shares |
| --- | --- | --- |
| TotalEnergies SE | 65,716,125 | 2.753% |
| Free Float | 2,152,270,830 | 90.17% |
| Other Shareholders | 628,860,529 | 27.08% |



In conclusion, TotalEnergies SE's shareholder dynamics have evolved over the years, influenced by strategic acquisitions, divestments, and activist investors. The company's shareholder composition reflects its growth and transformation as a multi-energy company, with a strong focus on renewable energies and sustainability. The strategic decisions made by TotalEnergies SE, guided by activist investors, have contributed to its evolution and long-term success.