Energy Transition Risk: The global shift towards lower-carbon energy sources poses a significant threat to TotalEnergies' traditional oil and gas assets, potentially leading to stranded assets, reduced demand, and increased regulatory burdens.

Geopolitical Instability Risk: Operations across diverse and sometimes volatile regions expose the company to risks such as political unrest, nationalization, sanctions, and supply chain disruptions, impacting production and profitability.

Commodity Price Volatility Risk: Fluctuations in crude oil, natural gas, and LNG prices directly affect TotalEnergies' revenue, profitability, and investment decisions, making financial performance unpredictable.