TotalEnergies ECONOMIC

Research date: 28 October 2026 Target: TotalEnergies SE Jurisdiction: France Scope: Commercial, investment, operational, supply-chain and ownership relationships with Israel and internationally recognized occupied territories. Evidence period: Historical records through October 2026, with the latest reviewed consolidated ownership disclosure covering 31 December 2025.

Supply Chain & Sourcing Relationships

Direct supplier relationships

Oil Change International’s August 2024 investigation traced 65 shipments of crude oil and refined petroleum products delivered to Israel between 21 October 2023 and 12 July 2024 and identified TotalEnergies among the companies associated with the oil supply chain.¹

The American Friends Service Committee’s company profile, updated 10 September 2025, estimates that oil produced by TotalEnergies accounted for approximately 5% of Israeli crude oil imports between October 2023 and July 2024, attributing the estimate to Oil Change International.²

The 5% figure concerns the estimated origin of crude oil rather than independently verified direct contractual sales from TotalEnergies SE to the Israeli government, military or individual Israeli petroleum distributors.^{1, 2}

Oil Change International’s November 2025 follow-up examined more than 21 million tonnes of petroleum delivered to Israel between November 2023 and October 2025 and discussed direct and indirect petroleum supply routes, including possible processing through third-country refineries.³

Named downstream entities

AFSC identifies Bazan, Delek, Paz and Sonol as Israeli companies involved in the downstream supply chain for imported and refined petroleum products.²

AFSC also identifies Delek, Paz and Sonol as operators of fuel-station networks with locations extending into Israeli settlements.²

The evidence reviewed does not identify a shipment-level contractual connection between TotalEnergies SE and a particular station operated by any of these companies; no public evidence identified establishing such a specific transaction.^{1, 2}

Agricultural suppliers

No public evidence identified of a direct agricultural procurement contract between TotalEnergies SE and Mehadrin, Hadiklaim, Galilee Export or an Agrexco successor in the reviewed company disclosures and specialist supply-chain research.^{2, 4}

Importer-of-record structure

No public evidence identified establishing the specific Israeli importer of record, contractual buyer or customs declarant for the petroleum shipments attributed by Oil Change International to TotalEnergies-associated production.^{1, 2}

Seasonal sourcing

No public evidence identified of seasonal Israeli agricultural procurement, including December–April purchasing patterns for dates, citrus, avocados, vegetables or fresh herbs.^{2, 4}

Third-party and indirect supply

Oil Change International’s 2025 report examines indirect petroleum routes, while AFSC describes the chain through which imported crude oil is refined and distributed by Israeli petroleum companies.^{2, 3}

The research does not independently establish a continuing TotalEnergies-specific contractual chain through each named intermediary in 2025 or 2026.^{2, 3}

Act record - petroleum supply

Acting entity: TotalEnergies-associated petroleum producers; beneficiary or recipient: Israel’s crude petroleum import market; channel: petroleum production and international shipment, documented by oilchange.org and investigate.afsc.org; earliest documented observation: October 2023; latest TotalEnergies-specific quantitative observation: July 2024; continuation after that period: unknown from the reviewed shipment-level evidence; direct customer, contracting seller and importer of record: not established.^{1, 2}

Product Origin, Labeling & Regulatory Compliance

Settlement-origin goods

AFSC identifies settlement-linked downstream petroleum distributors, but the reviewed research does not establish that TotalEnergies itself sold a specific identifiable product directly at a settlement location.²

No public evidence identified of a TotalEnergies-branded agricultural product falsely labeled as originating in Israel when produced in the West Bank, East Jerusalem or the Golan Heights.^{2, 4}

Country-of-origin labeling

No public evidence identified of a regulator’s enforcement decision against TotalEnergies SE concerning the country-of-origin labeling of Israeli or settlement-produced agricultural goods.^{4, 5}

Corporate policy

No public evidence identified of a specific TotalEnergies SE corporate policy governing the retail labeling of agricultural goods originating from Israeli settlements in the reviewed company disclosures.^{4, 5}

Petroleum origin

Oil Change International’s August 2024 analysis associates international upstream production with petroleum shipments reaching Israel, but these research attributions do not constitute a formal country-of-origin labeling determination for TotalEnergies retail products.¹

Settlement distribution nexus

AFSC describes Israeli downstream fuel distribution into settlements through named local fuel-station companies; no public evidence identified connecting a particular TotalEnergies-produced oil cargo to a specific settlement filling station.²

Act record - labeling

Acting entity: TotalEnergies SE; recipient or beneficiary: no verified settlement-origin retail-labeling transaction identified; channel searched: corporate disclosures at totalenergies.com and specialist supply-chain documentation at investigate.afsc.org; observation period: reviewed 2024–2026 materials; transaction date, enforcement status and relevant product: not established.^{2, 4, 5}

Investment, Capital & Financial Exposure

Acquisition of Saft and Israeli operating-company ownership

TotalEnergies’ corporate history records its acquisition of Saft Groupe in 2016, bringing the battery business into the energy company’s portfolio.⁶

Saft’s historical acquisition of Israeli battery manufacturer Tadiran is reflected in TotalEnergies’ subsequent consolidated financial disclosures, which identify Tadiran Batteries Limited as an Israeli entity within the group.^{7, 8}

The SEC-hosted consolidated-entity disclosure for 31 December 2023 identifies Tadiran Batteries Limited as 100% owned by the TotalEnergies group.⁹

The corresponding 2024 disclosure identifies Tadiran Batteries Limited as a wholly consolidated entity with a 100% group interest.¹⁰

The 2025 disclosure continues to identify Tadiran Batteries Limited as a wholly consolidated entity with a 100% group interest.⁸

The 2025 consolidated-entity disclosure also identifies Tadiran Batteries GmbH, incorporated in Germany, as wholly owned by the group.⁸

These disclosures establish continuing controlling operating-company ownership through the Saft business, rather than merely an index-fund position or passive outside portfolio investment.^{6, 8}

The reviewed consolidated disclosures do not separately provide Tadiran Batteries Limited’s acquisition consideration, current Israeli employee count or standalone annual revenue; no public evidence identified for those figures in the examined schedules.^{8, 9, 10}

Talmei Eliyahu Green Energies Ltd.

The 2023 TotalEnergies consolidated-entity disclosure reports a 46.94% group interest in Talmei Eliyahu, an Israeli entity.⁹

The 2024 disclosure identifies Talmei Eliyahu Green Energies Ltd. within TotalEnergies’ Integrated Power consolidation scope, again reporting a 46.94% group interest.¹⁰

The 2025 disclosure continues to report Talmei Eliyahu Green Energies Ltd. with a 46.94% group interest under Integrated Power.⁸

The 46.94% holding should be distinguished from Tadiran Batteries Limited’s 100% group ownership; the reviewed schedules do not establish that TotalEnergies owns all Talmei Eliyahu shares.⁸

No public evidence identified in the reviewed disclosures establishing the acquisition price, original acquisition date, minority shareholders, employee count or project-level revenue of Talmei Eliyahu Green Energies Ltd.^{8, 9, 10}

Other acquired Israeli operating companies

The named Israeli operating interests established by the reviewed 2025 consolidation schedule are Tadiran Batteries Limited and Talmei Eliyahu Green Energies Ltd.; no additional Israeli operating-company acquisition was independently established in the reviewed evidence.⁸

Foreign direct investment

TotalEnergies SE’s ownership of Tadiran Batteries Limited constitutes an indirect controlling equity interest in an Israeli operating company through the group structure established by the Saft acquisition.^{6, 8}

The separately reported Talmei Eliyahu Green Energies Ltd. interest establishes an additional investment in an Israeli legal entity within the group’s Integrated Power activities.⁸

Eastern Mediterranean maritime agreement

On 15 November 2022, TotalEnergies announced that it and Eni had signed a framework agreement with the State of Israel to implement arrangements associated with the maritime boundary agreed between Israel and Lebanon on 27 October 2022.¹¹

The announcement stated that TotalEnergies operated Lebanese Block 9 and that the proposed geological prospect might extend across the maritime boundary into Israeli waters.¹¹

The November 2022 announcement described TotalEnergies’ Block 9 interest as 60% and Eni’s as 40%; these historical percentages were subsequently changed following consortium restructuring.^{11, 12}

TotalEnergies’ Lebanese operations subsequently reported Block 9 interests of 35% for TotalEnergies, 35% for Eni and 30% for QatarEnergy.¹²

The January 2026 announcement concerning Lebanese Block 8 stated that the earlier Qana 31/1 well in Block 9 had not produced positive exploration results.¹³

The maritime agreement is a documented corporate relationship with the State of Israel, but the announcement does not itself establish an Israeli producing-field concession, a quantified payment to Israel or commercial hydrocarbon production on the Israeli side of the boundary.^{11, 13}

Research and development

No public evidence identified of a standalone TotalEnergies-branded Israeli research laboratory, innovation accelerator or technology campus in the reviewed company and consolidated-entity disclosures.^{8, 14}

Portfolio exposure

No public evidence identified in the reviewed disclosures of direct TotalEnergies SE underwriting of Israeli sovereign bonds, ownership of an Israel-focused investment fund or a separately disclosed material portfolio of Israeli government debt.^{8, 15}

Financial-sector activities

The reviewed investor materials classify TotalEnergies as an integrated energy company, and no public evidence identified of an Israeli sovereign-bond underwriting, Israel Bonds distribution or Israeli military insurance-underwriting mandate undertaken by TotalEnergies SE.^{5, 16}

Act record - Tadiran

Acting entity: TotalEnergies SE, through its acquired Saft business; recipient or beneficiary: Tadiran Batteries Limited and its operating activities in Israel; channel: equity acquisition and continuing consolidation, documented by totalenergies.com and sec.gov; earliest relevant TotalEnergies observation: 2016 Saft acquisition; latest verified ownership observation: 31 December 2025; status: continuing at the latest reviewed reporting date; standalone financial contribution: undisclosed in the reviewed records.^{6, 8}

Act record - Talmei Eliyahu

Acting entity: TotalEnergies SE through its Integrated Power consolidation perimeter; recipient or beneficiary: Talmei Eliyahu Green Energies Ltd.; channel: 46.94% group equity interest, documented by sec.gov; earliest reviewed observation: 31 December 2023; latest observation: 31 December 2025; status: continuing at the latest reviewed reporting date; acquisition date, price and profit distributions: not established.^{8, 9, 10}

Act record - maritime agreement

Acting entities: TotalEnergies and Eni; counterparty: State of Israel; channel: corporate agreement publicly announced at totalenergies.com; earliest documented observation: 15 November 2022; subsequent related project observation: January 2026; agreement termination status: not independently established; commercial production, Israeli fiscal payments and allocation of rights across the boundary: not established.^{11, 13}

The Israel Innovation Authority’s record dated 10 January 2024 explicitly identifies Total Energies as a shareholder in NetZero Technology Ventures, an Israeli climate-technology incubator. The other named shareholders are Other Sources Energy Group, Eren Industries, DK Innovation (US), BGV, IP Innovative Power and Blue Minds Holdings. This establishes a publicly documented equity interest in an Israeli investment vehicle extending beyond TotalEnergies’ previously identified interests in Tadiran Batteries Limited and Talmei Eliyahu Green Energies Ltd. The authority identifies Shmuel Kedmi as the incubator’s manager and lists climate technology, renewable energy, energy storage, hydrogen, emissions reduction, mobility and construction among its activities.¹⁷

January 2024–October 2026 - no public evidence identified: TotalEnergies’ precise ownership percentage in NetZero Technology Ventures, initial subscription amount, committed capital, subsequent capital contributions or investment returns. The Israel Innovation Authority’s shareholder record and incubator directory identify TotalEnergies without reporting shareholder percentages or financial commitments. NetZero’s corporate description and PLANETech’s 2026 investor profile confirm its investment activities and TotalEnergies’ stakeholder relationship but do not allocate financial contributions among investors. PLANETech describes NetZero’s investment range as US$1 million–US$3 million; this represents the incubator’s stated investment scope and cannot be attributed to TotalEnergies’ own capital commitment.^{17, 18, 19, 20}

Global Energy Monitor’s Talmei Eliyahu solar project record, last edited on 27 October 2026, identifies an operating photovoltaic project in Israel’s Southern District with a reported generating capacity of 9.4 MWac, commissioned in 2017. The record provides geographic coordinates of 31.2156°N, 34.4537°E and derives its project information from TransitionZero data dated 28 May 2024. TotalEnergies’ separately published 2025 consolidation schedule identifies Talmei Eliyahu Green Energies Ltd. as an Israeli Integrated Power entity with a 46.94% group interest. These records establish a similarly named operating solar asset and a documented TotalEnergies equity interest in an Israeli energy company, but the project record does not identify its legal owner or expressly connect the facility to Talmei Eliyahu Green Energies Ltd. The 9.4 MWac figure establishes the reported physical capacity of the named solar project; it cannot yet be definitively attributed to TotalEnergies’ 46.94%-owned entity.^{21, 8}

2023–October 2026 - no public evidence identified: a definitive project-to-company ownership record establishing that the 9.4 MWac Talmei Eliyahu solar facility is owned or operated by Talmei Eliyahu Green Energies Ltd. Searches of the Global Energy Monitor project entry, TotalEnergies’ consolidated ownership disclosure and publicly indexed project references did not establish an explicit legal-entity-to-facility connection. Accordingly, applying the 46.94% equity percentage to the project’s 9.4 MWac capacity, which would produce approximately 4.41 MWac on a purely arithmetic basis, would be premature without confirmation of ownership and project structure.^{21, 8}

2019–October 2026 - no public evidence identified: a material personal equity investment, attributable investment-vehicle ownership or control, financing arrangement, Israeli sovereign-debt holding, or other Economic-qualifying economic transaction involving Lise Croteau and the Israeli economy or settlement enterprise. TotalEnergies’ official governance disclosure confirms that Croteau has served as an independent director since 29 May 2019, was reappointed on 23 May 2025 for a term ending in 2028, and chairs its Audit Committee. Her disclosed external directorships include Boralex, Québecor, Québecor Média and Vidéotron. The reviewed corporate biographies, governance records and publicly accessible shareholding profile establish these professional affiliations but identify no Israeli company, Israeli investment fund, settlement-related enterprise or Israeli financing instrument personally owned, controlled or financed by Croteau. Her oversight responsibilities at TotalEnergies, including its financial reporting, do not independently establish personal beneficial ownership of the company’s Israeli investments. Actor: Lise Croteau; potentially attributable investment vehicle: none verified; Israeli counterparty or beneficiary: none identified; qualifying transaction date, value and ownership percentage: not established; status as of October 2026: no verified personal or attributable Economic exposure. This finding reflects the limitations of publicly available disclosures and does not establish the absence of undisclosed private investments.^{22, 23, 24}

Operational Presence & Market Activity

Physical presence

TotalEnergies’ 2025 consolidation disclosure identifies Tadiran Batteries Limited as an Israeli legal entity held within the group’s Integrated Power portfolio.⁸

The same disclosure identifies Talmei Eliyahu Green Energies Ltd. as another Israeli legal entity with a 46.94% group interest.⁸

These records establish an Israeli corporate and investment footprint at the latest reporting date, although the SEC consolidation schedule does not provide a complete list of the companies’ physical premises.⁸

Manufacturing

The acquired Tadiran business is associated with industrial battery manufacturing, and the current 100% Israeli subsidiary ownership is verified through TotalEnergies’ consolidated reporting.^{6, 8}

No independently retrievable source examined in this audit establishes the current output, workforce, precise factory location or complete product list of Tadiran Batteries Limited.⁸

Employment and tax contribution

No public evidence identified in the reviewed consolidated disclosures establishing the standalone Israeli employee count, annual Israeli corporation-tax payments or employer payroll contributions of Tadiran Batteries Limited and Talmei Eliyahu Green Energies Ltd.^{8, 14}

Market positioning

AFSC’s September 2025 profile identifies TotalEnergies as a major non-state producer associated with Israel’s crude oil supply during the October 2023–July 2024 period.²

The EIA’s September 2025 Eastern Mediterranean energy analysis describes Israel as a significant natural-gas producer and regional gas exporter; this context does not independently establish a TotalEnergies-owned Israeli gas field.²⁵

Lebanon operations and Israel relationship

TotalEnergies’ Lebanese operations identify TotalEnergies EP Block 9 as the operating entity for its Lebanese offshore exploration activities, including the consortium with Eni and QatarEnergy.¹²

On 9 January 2026, TotalEnergies announced that it had entered Lebanese offshore Block 8 with a 35% operating interest, alongside Eni at 35% and QatarEnergy at 30%.¹³

The Block 8 announcement does not establish that the Lebanese concession is an Israeli domestic production asset.¹³

Israeli government business

The November 2022 framework agreement is a verified corporate interaction with the State of Israel involving a defined offshore exploration arrangement.¹¹

No public evidence identified in the reviewed corporate disclosures establishing a separate TotalEnergies contract for supplying the Israel Defense Forces or the Israeli Ministry of Defense directly.^{8, 11}

Occupied-territory operations

AFSC documents the presence of named downstream Israeli fuel distributors in settlements, but no public evidence identified establishing that TotalEnergies itself operates a named filling station, depot, office or production facility within the West Bank, East Jerusalem or Golan Heights.²

Military-linked commercial activity

AFSC identifies Israeli petroleum distributors with military supply relationships and identifies TotalEnergies-produced crude oil within the wider petroleum supply chain; the evidence does not establish that the same specific cargo was delivered to a military customer.²

Public communications

TotalEnergies’ November 2022 announcement quoted Patrick Pouyanné supporting the offshore maritime arrangement and explaining the group’s intention to evaluate the area’s hydrocarbon potential.¹¹

The communication appeared on TotalEnergies’ public corporate website on 15 November 2022 and remained available when reviewed in October 2026, representing approximately four years of public availability; its audience was the unrestricted public website readership, with no verified readership count.¹¹

Act record - public communication

Acting entity: TotalEnergies SE, represented by Patrick Pouyanné; recipient or beneficiary: public investors and stakeholders interested in Eastern Mediterranean exploration; channel: corporate press release at totalenergies.com; first observation: 15 November 2022; latest availability: October 2026; status: publicly accessible at research date; quantified audience: not disclosed.¹¹

On 21 October 2025, NetZero Tech Ventures announced the launch of Energy Prototype Labs in partnership with Bar-Ilan University and the National Energy Storage Institute. The facilities, located at Bar-Ilan University’s campus in Ramat Gan, support the development and commercialisation of energy and climate technologies, including hydrogen systems, fuel cells and advanced battery prototypes. NetZero described aggregate investment in the laboratory initiative as tens of millions of Israeli shekels. The facilities include advanced chemistry laboratories, a dedicated dry room and prototyping infrastructure. Because TotalEnergies is an identified NetZero shareholder, the initiative establishes an additional institutional and operational connection through an Israeli investment vehicle in which TotalEnergies participates.^{17, 26, 19}

October 2025–October 2026 - no public evidence identified: a separately quantified TotalEnergies contribution to the Energy Prototype Labs, direct TotalEnergies ownership of laboratory equipment, a dedicated TotalEnergies laboratory team, employee secondments or contractual responsibility for operating the facilities. Contemporary reporting identifies funding from the Israeli Ministry of Energy, the Helmsley Trust, Bar-Ilan University, the Technion, NetZero’s private partners and the Israel Innovation Authority. Although TotalEnergies is identified among NetZero’s corporate stakeholders, the available sources do not specify whether it contributed directly to the laboratory financing or operations. The reported investment of tens of millions of shekels therefore cannot be attributed to TotalEnergies individually.^{26, 19, 27}

Corporate Structure & Foundational Ties

Founding and incorporation

TotalEnergies’ corporate history traces its origins to the French petroleum industry and its development into a diversified energy company.⁶

Its 2025 registration announcement identifies TotalEnergies SE as the registrant filing with French and US financial regulators.²⁸

The 2025 company disclosures identify its registered office at 2 Place Jean Millier, La Défense 6, Courbevoie, France.²⁸

No public evidence identified of TotalEnergies SE having been founded in Israel or maintaining its corporate headquarters in Israel.^{6, 28}

Israeli-nexus factors

Founded in Israel: no public evidence identified for TotalEnergies SE; its documented origins and registered office are in France.^{6, 28}

Israeli headquarters or principal management: no public evidence identified; the registered office and corporate governance documentation locate the parent in France.^{28, 22}

Israeli tax residence or Preferred Technology Enterprise designation: no public evidence identified for TotalEnergies SE in the reviewed registration and consolidation disclosures.^{8, 28}

Israeli beneficial ownership or control of the parent: no public evidence identified in the reviewed shareholder structure and governance materials.^{16, 29}

Israeli incorporated controlled subsidiary: Tadiran Batteries Limited is identified as an Israeli entity with 100% group ownership in the 2025 consolidation schedule.⁸

Additional Israeli equity interest: Talmei Eliyahu Green Energies Ltd. is identified with a 46.94% group interest in the same disclosure.⁸

Acquired corporate identity

TotalEnergies’ 2016 acquisition of Saft brought into the group a battery business whose subsequent consolidated financial statements identify Tadiran Batteries Limited as wholly owned.^{6, 8}

The Israeli company has remained in the reported consolidation scope through the 2023, 2024 and 2025 financial statements reviewed.^{8, 9, 10}

Parent and ownership

TotalEnergies SE is the publicly reporting French parent of the consolidated corporate group.²⁸

Its investor disclosures describe a broad ownership base encompassing institutional investors, individual shareholders and employees.¹⁶

The summer 2026 shareholder communication estimates the 31 December 2025 ownership distribution at 74.0% institutional shareholders, 16.9% individual shareholders and 9.2% employees, subject to published rounding.²⁹

No individually identified shareholder holding 10% or more of TotalEnergies SE was established from the reviewed public ownership summary.^{16, 29}

Controlling principal

Patrick Pouyanné is TotalEnergies SE’s Chairman and Chief Executive Officer, and the board reaffirmed support for his combined leadership role in September 2026.^{22, 30}

His official biography identifies previous positions within the French public administration and executive roles within TotalEnergies.³¹

No public evidence identified in the reviewed governance disclosures of a material Israeli operating-company investment held personally by Patrick Pouyanné.^{22, 31}

Named board-member searches

Patrick Pouyanné - Chairman and CEO; searched for Israeli investment, defence-industry interests and settlement-related corporate relationships; documented corporate role and maritime-agreement statement; personal Israeli investment: no public evidence identified.^{11, 22, 31}

Jacques Aschenbroich - Lead Independent Director; searched for Israeli corporate investments and defence or settlement affiliations; no public evidence identified within the reviewed board disclosure.²²

Marie-Christine Coisne-Roquette - Director; searched for Israeli investment and settlement-linked business affiliations; no public evidence identified within the reviewed board disclosure.²²

Marie-Ange Debon - Director; searched for Israeli investment and defence-related corporate affiliations; no public evidence identified within the reviewed board disclosure.²²

Romain Garcia-Ivaldi - Employee director; searched for Israeli investments and related commercial ties; no public evidence identified within the reviewed board disclosure.²²

Glenn Hubbard - Independent Director; searched for Israeli corporate investments and defence-industry links; no public evidence identified within the reviewed board disclosure.²²

Slawomir Krupa - Director and Société Générale executive; searched for Israeli corporate investments and sovereign-finance connections; no verified personal investment relationship established by the reviewed board disclosure.²²

Anelise Lara - Independent Director; searched for Israeli energy-company and defence-sector interests; no public evidence identified within the reviewed board disclosure.²²

Helen Lee Bouygues - Independent Director; searched for Israeli corporate and private-equity investments; no public evidence identified within the reviewed board disclosure.²²

Laurent Mignon - Independent Director and Wendel executive; searched for Israeli investment and settlement-linked corporate exposure; no verified personal relationship identified within the reviewed board disclosure.²²

Dierk Paskert - Independent Director; searched for Israeli energy infrastructure and defence-sector affiliations; no public evidence identified within the reviewed board disclosure.²²

Valérie Della Puppa-Tibi - Employee-shareholder representative; searched for Israeli investment and related governance ties; no public evidence identified within the reviewed corporate governance material.^{22, 32}

Angel Pobo - Employee representative; searched for Israeli investment and related commercial ties; no public evidence identified within the reviewed board disclosure.²²

The reviewed shareholder and board sources establish corporate roles but do not provide complete independently verified personal investment portfolios for every director.^{22, 29}

Named integrated entities

Saft Groupe - Acquired battery business; searched for Israeli acquisitions and manufacturing connections; the group’s acquisition brought the Tadiran business into TotalEnergies’ corporate perimeter.^{6, 8}

Tadiran Batteries Limited - Israeli subsidiary; searched for ownership, manufacturing, defence procurement and settlement operations; 100% group ownership verified for 2025, with specific defence or settlement contracts unverified.⁸

Tadiran Batteries GmbH - German incorporated group subsidiary; searched for Israeli corporate nexus and related manufacturing; 100% group ownership verified in 2025.⁸

Talmei Eliyahu Green Energies Ltd. - Israeli Integrated Power entity; searched for project assets, ownership, defence and settlement relationships; 46.94% group interest verified, with settlement activity unverified.⁸

TotalEnergies EP Block 9 - Lebanese exploration operator; searched for Israeli state agreements and offshore commercial relationships; participation in the 2022 maritime arrangement and subsequent Lebanese consortium structure verified.^{11, 12}

Eni Lebanon BV - Consortium partner; searched for Israeli government and offshore exploration relationships; named in Lebanese Block 9 operating arrangements.¹²

QatarEnergy International Investments (2) LLC - Consortium partner; searched for Israeli-linked offshore interests; 30% participation in Lebanese Block 9 documented.¹²

State and institutional linkages

The November 2022 framework agreement establishes a contractual relationship between TotalEnergies and the State of Israel concerning the Israel-Lebanon maritime boundary.¹¹

The SEC ownership schedules establish Israeli subsidiary equity interests but do not identify an Israeli government golden share, veto right or controlling ownership position in TotalEnergies SE.^{8, 9, 10}

No public evidence identified of an Israeli state-appointed director on TotalEnergies SE’s board in the reviewed governance disclosures.²²

Constructive-notice chronology

TotalEnergies’ ownership of Tadiran Batteries Limited and Talmei Eliyahu Green Energies Ltd. appears in the 2025 consolidation disclosure, establishing that those interests remained reported after 19 July 2024 and November 2024.⁸

The petroleum-supply research covers shipments before and around July 2024, but the specific TotalEnergies-associated flow after November 2024 is not established by the reviewed company-specific evidence.^{1, 2}

The Lebanese Block 8 announcement of January 2026 establishes continued regional offshore activity by TotalEnergies and its consortium partners, while the earlier Israeli maritime framework’s independent termination status remains unknown.^{11, 13}

Civil-society and international institutional context

AFSC’s September 2025 company profile expressly identifies TotalEnergies’ Israeli operating interests and its estimated contribution to Israeli crude imports.²

A December 2025 OHCHR special-procedures communication addressed allegations concerning Eni, a separate legal entity that also participates in TotalEnergies’ Lebanese offshore consortium.^{12, 33}

That communication concerns Eni’s separately alleged activities and does not establish that every allegation applies to TotalEnergies.³³

TotalEnergies’ official Board of Directors composition effective 29 May 2026 confirms that Slawomir Krupa is a serving independent director, appointed at the Ordinary Shareholders’ Meeting on 29 May 2026 for a three-year term ending in 2029. The company’s 29 May 2026 shareholder-meeting announcement confirms that shareholders approved his appointment, and its official board register identifies him as Chief Executive Officer and Board member of Société Générale. This confirms the existing audit statement under “Named board-member searches” identifying “Slawomir Krupa - Director and Société Générale executive” as accurate for the post-29 May 2026 board. His membership is established by an approved appointment rather than merely a proposed nomination.^{22, 34}

Mark Cutifani was no longer a TotalEnergies director on 29 May 2026. TotalEnergies’ 18 March 2026 governance announcement expressly states that Cutifani withdrew from the Board effective 16 March 2026 for personal reasons, having decided against seeking renewal after approximately nine years of service. The company proposed Krupa as his replacement, and shareholders subsequently approved that appointment on 29 May 2026. Cutifani is absent from the official board composition effective that date. Consequently, any alternative 2026 director listing in the audits that includes Cutifani as a current director requires temporal qualification: his membership was historical and ended on 16 March 2026. The existing Economic audit’s inclusion of Krupa and omission of Cutifani from its “Named board-member searches” confirms the correct post-29 May 2026 membership. This finding reconciles the differing director listings without establishing any additional Israeli investment, ownership or economic relationship involving either individual.^{22, 34, 35}

Profit Repatriation & Economic Contribution

Revenue attribution

TotalEnergies’ 2025 consolidation disclosure establishes its ownership of Tadiran Batteries Limited and its 46.94% group interest in Talmei Eliyahu Green Energies Ltd.⁸

No public evidence identified in the reviewed consolidated-entity schedules quantifying annual revenue attributable specifically to the Israeli operations of those two entities.^{8, 10}

Profit flows

Tadiran Batteries Limited’s position as a 100%-owned Israeli subsidiary establishes the direction of group equity ownership from TotalEnergies’ international corporate structure into an Israeli operating company.⁸

The reviewed disclosure does not quantify whether Tadiran paid dividends to its upstream parent, retained its earnings locally or distributed profits through an intermediate holding company during 2025.⁸

Talmei Eliyahu Green Energies Ltd. is recorded as a 46.94%-owned consolidated entity, but no public evidence identified in the reviewed schedules establishing the amount or recipient of annual dividends distributed by that company.^{8, 10}

Economic contributions

AFSC’s September 2025 profile attributes approximately 5% of Israel’s October 2023–July 2024 crude imports to TotalEnergies-produced oil, using Oil Change International research.²

The estimate describes an upstream petroleum contribution to Israel’s import supply, but the reviewed evidence does not identify the value of TotalEnergies’ direct sales to Israeli customers or the profit earned on individual cargoes.^{1, 2}

The ongoing reported ownership of Tadiran Batteries Limited and Talmei Eliyahu Green Energies Ltd. establishes continuing equity exposure to Israeli economic activity at 31 December 2025.⁸

Tax contribution

No public evidence identified in the reviewed consolidated disclosures quantifying Israeli corporation tax, VAT, employment taxes, royalties or other government payments attributable to Tadiran Batteries Limited or Talmei Eliyahu Green Energies Ltd.^{8, 14}

National and sector significance

The Israeli petroleum supply chain is economically significant because Israel imports crude oil for domestic refining, as described in the Oil Change International and AFSC investigations.^{1, 2}

The EIA’s September 2025 regional analysis identifies Israel as a substantial Eastern Mediterranean gas producer and exporter, but it does not establish that TotalEnergies holds an ownership stake in Israel’s major operating gas fields.²⁵

No public evidence identified in the reviewed materials of an Israeli government designation identifying Tadiran Batteries Limited as critical national infrastructure or specifying its national employment rank.^{8, 25}

Ongoing commercial exposure

The 2025 consolidated disclosure confirms continuing ownership exposure through Tadiran Batteries Limited and Talmei Eliyahu Green Energies Ltd. at the most recent reviewed financial reporting date.⁸

The independent supply-chain evidence does not establish a precise post-November 2024 volume of TotalEnergies-origin crude delivered to Israel; no public evidence identified for that company-specific quantity in the reviewed sources.^{2, 3}

Act record - economic contribution

Acting entity: TotalEnergies SE through consolidated Israeli interests and associated upstream production; recipients or beneficiaries: Tadiran Batteries Limited, Talmei Eliyahu Green Energies Ltd. and the Israeli petroleum import market; channels: equity ownership and petroleum supply, documented at sec.gov, oilchange.org and investigate.afsc.org; earliest relevant historical observation: 2016 for TotalEnergies’ Saft acquisition; latest ownership observation: 31 December 2025; status: Israeli equity interests continuing at that reporting date, while specific petroleum shipment continuation remains unverified; Israeli revenue, taxes and repatriated profit amounts: not established.^{1, 2, 6, 8}