TotalEnergies SE
FormerlyTotal SE
TypePublic (Societas Europaea)
ISINFR0000120271
IndustryEnergy: Oil and gas
PredecessorOmnium Français des Petroles
Elf Aquitaine
Petrofina Edit this on Wikidata
Founded28 March 1924 (1924-03-28)
SuccessorArkema Edit this on Wikidata
HeadquartersTour Total, Courbevoie, France
Area served
Worldwide
Key people
Patrick Pouyanné
(Chairman & CEO)
Products
ServicesFuel stations
RevenueIncrease US$280.999 billion (2022)[1]
Increase US$42.5 billion (2022)
Increase US$21.044 billion (2022)
Total assetsDecrease US$303.86 billion (2021)
Total equityDecrease US$114.57 billion (2022)
Number of employees
105,476 (2020)[2]
Websitetotalenergies.com

TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and is one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer.

TotalEnergies has its head office in the Tour Total in La Défense district in Courbevoie, west of Paris. The company is a component of the Euro Stoxx 50 stock market index.[3] In the 2023 Forbes Global 2000, TotalEnergies was ranked as the 21st largest public company in the world.[4]

History

1924–1985: Compagnie française des pétroles

The company was founded after World War I, when petrol was seen as vital in case of a new war with Germany. The then-French President Raymond Poincaré rejected the idea of forming a partnership with Royal Dutch Shell in favour of creating an entirely French oil company. At Poincaré's behest, Col. Ernest Mercier, with the support of 90 banks and companies, founded Total in 1924, as the Compagnie française des pétroles (CFP) (in English, the French Petroleum Company).

As per the agreement reached during the San Remo conference of 1920, the French state received the 25% share held by Deutsche Bank in the Turkish Petroleum Company (TPC) as part of the compensation for war damages caused by Germany during World War I. The French government's stake in TPC was transferred to CFP,[5] and the Red Line agreement in 1928 rearranged the shareholding of CFP in TPC (later renamed the Iraq Petroleum Company in 1929) to 23.75%.[6] The company from the start was regarded as a private sector company in view of its listing on the Paris Stock Exchange in 1929.

During the 1930s, the company was engaged in exploration and production, primarily from the Middle East. Its first refinery began operating in Normandy in 1933. After World War II, CFP engaged in oil exploration in Venezuela, Canada, and Africa while pursuing energy sources within France. Exploration in Algeria, then a French colony, began in 1946, with Algeria becoming a leading source of oil in the 1950s.[7]

In 1954, CFP introduced its downstream product – Total brand of gasoline in Africa and Europe.[7][8]

Total entered the United States in 1971 by acquiring Leonard Petroleum of Alma, Michigan and several Standard Oil of Indiana stations in Metro Detroit.[9]

In 1980, Total Petroleum (North America) Ltd., a company controlled 50% by CFP, bought the American refining and marketing assets of Vickers Petroleum as part of a sell-off by Esmark of its energy holdings. This purchase gave Total refining capacity, transportation, and a network of 350 service stations in 20 states.[10][11][12]

1985–2003: Total CFP and rebranding to Total

Total Plaza, the headquarters of the subsidiary Total Petrochemicals USA, in Downtown Houston

Total's leadership had been aware of the deleterious effects of global warming since at least 1971; The company nevertheless openly denied the findings of climate science until the 1990s; Total also pursued a number of strategies to cover up the threat and contribution to the climate crisis.[13]

The company renamed itself Total CFP in 1985, to build on the popularity of its gasoline brand.[8] Later in 1991, the name was changed to Total, when it became a public company listed on the New York Stock Exchange. In 1991, the French government held more than 30 percent of the company's stock but by 1996 had reduced its stake to less than 1 percent.[8][14] In the period between 1990 and 1994, foreign ownership of the firm increased from 23 percent to 44 percent.

Meanwhile, Total continued to expand its retail presence in North America under several brand names. In 1989, Denver, Colorado–based Total Petroleum, Total CFP's North American unit, purchased 125 Road Runner retail locations from Texarkana, Texas–based Truman Arnold Companies.[15] By 1993, Total Petroleum was operating 2,600 retail stores under the Vickers, Apco, Road Runner, and Total brands. That year, the company began remodeling and rebranding all of its North American gasoline and convenience stores to use the Total name.[16] Four years later, Total sold its North American refining and retail operations to Ultramar Diamond Shamrock for $400 million in stock and $414 million in assumed debt.[17]

After Total's takeover of Petrofina of Belgium in 1999, it became known as Total Fina. Afterwards, it also acquired Elf Aquitaine. First named TotalFinaElf after the merger in 2000, its name reverted to Total in 2003. During that rebranding, the globe logo was unveiled.[18]

Big Oil companies[lower-alpha 1]
Company Revenue (USD)[19] Profit (USD) Brands
ExxonMobil $286 billion $23 billion Mobil
Esso
Imperial Oil
Shell plc $273 billion $20 billion Jiffy Lube
Pennzoil
TotalEnergies $185 billion $16 billion Elf Aquitaine
SunPower
BP $164 billion $7.6 billion Amoco
Aral AG
Chevron $163 billion $16 billion Texaco
Caltex
Havoline
Marathon $141 billion $10 billion ARCO[20]
Phillips 66 $115 billion $1.3 billion 76
Conoco
JET
Valero $108 billion $0.9 billion —
Eni $77 billion $5.8 billion —
ConocoPhillips $48.3 billion $8.1 billion —

2003–2021

In 2003, Total signed for a 30% stake in the gas exploration venture in the Kingdom of Saudi Arabia (KSA) – South Rub' al-Khali joint venture along with Royal Dutch Shell and Saudi Aramco.[21] The stake was later bought out by its partners.

In 2006, Saudi Aramco and Total signed a memorandum of understanding to develop the Jubail Refinery and Petrochemical project in Saudi Arabia which targeted 400,000 barrels per day (bpd). Two years later, the two companies officially established a joint venture called Saudi Aramco Total Refining and Petrochemical Company (SATORP)- in which a 62.5% stake was held by Saudi Aramco and the balance 37.5% held by Total.[22][23]

Total withdrew in 2006 from all Iranian development work because of United Nations concerns that resulted in sanctions over possible weaponization of the Nuclear program of Iran.[24]

During the 2009–2010 Iraqi oil services contracts tender, a consortium led by CNPC (37.5%), which also included TOTAL (18.75%) and Petronas (18.75%) was awarded a production contract for the "Halfaya field" in the south of Iraq, which contains an estimated 4.1 billion barrels (650,000,000 m3) of oil.[25][26]

As of 2010, Total had over 96,000 employees and operated in more than 130 countries.[27] In 2010, Total announced plans to pull out of the forecourt market in the United Kingdom.[28]

In 2012, Total announced it was selling its 20% stake and operating mandate in its Nigerian offshore project to a unit of China Petrochemical Corp for $2.5 billion.[29]

In 2013, Total started the operation at Kashagan with North Caspian Operating Company.[30] It is the biggest discovery of oil reserves since 1968. In 2013, Total increased its stake in Novatek to 16.96%.[31][32] In 2013, Total and its joint venture partner agreed to buy Chevron Corporation's retail distribution business in Pakistan for an undisclosed amount.[33]

In January 2014, Total became the first major oil and gas firm to acquire exploration rights for shale gas in the UK after it bought a 40 percent interest in two licences in the Gainsborough Trough area of northern England for $48 million.[34] In July 2014, the company disclosed it was in talks to sell its LPG distribution business in France to Pennsylvania-based UGI Corporation for €450 million ($615 million).[35]

On 20 October 2014, at 23:57 MST, a Dassault Falcon 50 business jet heading to Paris caught fire and exploded during takeoff after colliding with a snow removal vehicle in Vnukovo International Airport, killing four, including three crew members and CEO of Total S.A. Christophe de Margerie on board. Alcohol presence was confirmed in the blood of the driver of the vehicle on the ground. Patrick Pouyanne, who was Total's Refining Chief at that time, was appointed as CEO,[36] and also as chairman of Total in 2015.

In 2015, Total unveiled plans to cut 180 jobs in the United Kingdom, reduce refinery capacity and slow spending on North Sea fields after it fell to a $5.7bn final-quarter loss. The company said it would also sell off $5bn worth of assets worldwide and cut exploration costs by 30%.[37]

In 2016, Total signed a $224M deal to buy Lampiris, the third-largest Belgian supplier of gas and renewable energy to expand its gas and power distribution activities.[38]

In 2016, Total bought French battery maker Saft Groupe S.A. in a $1.1bn deal, to boost its development in renewable energy and electricity businesses.[39]

In 2016, Total agreed to acquire $2.2-billion in upstream and downstream assets from Petrobras as part of the firms' strategic alliance announced earlier that year.[40] For Total, these new partnerships with Petrobras reinforce Total's position in Brazil through access to new fields in the Santos Basin while entering the gas value chain.

Between 2013 and 2017, Total organized the ARGOS Challenge, a robotic competition with the aim to develop robots for their oil and gas production sites.[41] It was won by an Austrian-German team using a variant of the taurob tracker robot.[42]

In 2017, Total signed a deal for a total amount of $4.8b with Iran for the development and production of South Pars, the world's largest gas field.[43][44] The deal was the first foreign investment in Iran since in the 2015 sanctions over Iran's nuclear weaponisation were lifted by the JCPOA.[44]

In 2017, Total announced the acquisition of Maersk Oil for $7.45 billion in a share and debt transaction.[45] This deal positioned Total as the second operator in the North Sea.[46]

In 2017, Total signed an agreement with EREN Renewable energy to acquire an interest of 23% in EREN RE for an amount of €237.5 million.[47]

In November 2017, Total announced the launch on the French residential market of Total Spring, a natural gas and green power offering that is 10% cheaper than regulated tariffs. Total is thus pursuing its strategy of downstream integration in the gas and power value chain in Europe.[48]

In 2018, Total officially withdrew from the Iranian South Pars gas field because of sanctions pressure from the US.[49]

In 2019, Total announced the sale of a 30% stake in the Trapil pipeline network to crude oil storage operator Pisto SAS for €260 million.[50] Later that year, Total signed deals to transfer 30% and 28.33% of its assets in Namibia's Block 2913B and Block 2912 respectively to QatarEnergy. The company will also transfer 40% of its existing 25% interests in the Orinduik and Kanuku blocks of Guyana and 25% interest in Blocks L11A, L11B, and L12 of Kenya to QatarEnergy.[51]

In 2020, the company announced its intention to cut 500 voluntary jobs in France.[52]

In 2021, Total left the American Petroleum Institute lobby, due to differences in the common vision of how to tackle the fight against climate change.[53][54]

In 2021, Total said that it had registered an income of $3 billion for the period of January–March, which is close to the levels registered before the pandemic.[55]

2021–present: Rebranding to TotalEnergies

In 2021, the company announced a name change to TotalEnergies as an intended illustration of its investments in the production of green electricity.[56][57] At the Ordinary and Extraordinary Shareholders’ Meeting in May of that year, shareholders approved the name change to TotalEnergies.[58]

In 2022, TotalEnergies announced it would end all operations in Myanmar, citing rampant human rights abuses and deteriorating rule of law since the 2021 Myanmar coup d'état and has also called for international sanctions targeting the oil and gas sector in the country, which is one of the main sources of revenue for Myanmar's government.[59]

As of 11 March 2022, Total was one of the only Western oil companies to continue operating in Russia after the Russian Invasion of Ukraine.[60][61]

In June 2022, TotalEnergies signed a partnership with QatarEnergy for the worlds largest LNG expansion project, the North Field East (NFE). Holding the largest stake, 6.25%, TotalEnergies will hold the equivalent of one of the four trains.[62] In September 2022, an additional agreement was signed to include the North Field South (NFS) which is the second phase of the NFE. This gave TotalEnergies a stake of 9.375% of the 25% stakes available to international companies.[63][64]

On 30 March 2023, Total sold a shipment of LNG which it sourced from UAE to CNOOC on the Shanghai Petroleum and Natural Gas Exchange. It was reportedly the first trade to be settled in the renminbi (Chinese yuan) currency on the SHPGX.[65][66]

In July 2023, Iraq signed a $27 billion energy agreement with TotalEnergies to develop the country’s energy sector and boost output of oil, gas and renewables.[67] Additionally, Indian Oil Corp, has signed liquefied natural gas (LNG) import deals with ADNOC LNG and TotalEnergies in the same month.[68]

In October 2023, TotalEnergies sold its Canadian operations to Suncor Energy for C$1.47 billion($1.07 billion).[69] TotalEnergies has agreed to buy liquefied natural gas from Qatar for 27 years, cementing the European nation’s commitment to fossil fuels beyond 2050.[70]

Financial data

Financial data in US$ billions[71]
Year 2011 2012 2013 2014 2015 2016 2017 2018 2019
Revenue 228.151 249.725 235.144 212.018 143.421 127.925 149.099 184.106 176.249
Net Income 16.816 14.649 11.562 4.244 5.087 6.196 8.631 11.446 11.267
Assets 224.725 235.382 237.659 229.798 224.484 230.978 242.631 256.762 273.294
Employees 96,104 97,126 98,799 100,307 96,019 102,168 98,277 104,460 107,776

Organization

Business segments

Headquarters of Total Cambodia in Phnom Penh (Cambodia)

In 2016, Total set up a new organization to achieve its ambition to become a responsible energy major.[72] It is composed of the following segments: Exploration & Production;[73] Gas, Renewables & Power; Refining & Chemicals; Trading & Shipping; Marketing & Services; and Total Global Services.

In 2016 Total created two new corporate divisions: People & Social Responsibility (Human Resources; Health, Safety & Environment; the Security Division; and a new Civil Society Engagement Division) and Strategy & Innovation (Strategy & Climate Division, responsible for ensuring that strategy incorporates the 2 °C global warming scenario, Public Affairs, Audit, Research & Development, the Chief Digital Officer and the Senior Vice President Technology).[72]

Head office

A total filling station in Wetherby, West Yorkshire

The company's headquarters is in the Tour Total in the La Défense district in Courbevoie, France, near Paris.[74][75] The building was originally constructed between 1983 and 1985 for Elf Aquitaine; Total SA acquired the building after its merger with Elf in 2000.[75]

Operations

In May 2014, the company shelved its Joslyn North oil sands project in the Athabasca region of Alberta, Canada indefinitely, citing concerns about operating costs. An estimated $11 billion has been spent on the project, in which Total is the largest shareholder with 38.5%. Suncor Energy holds 36.75%, Occidental Petroleum owns 15% and Japan's Inpex has a 10% interest.[76]

Total is involved in 23 projects of exploration and production[77] in Africa, Asia, Europe, North America, South America and Russia.

Investments

In 1937, Iraq Petroleum Company (IPC), 23.75 percent owned by Total,[78] signed an oil concession agreement with the Sultan of Muscat. IPC offered financial support to raise an armed force that would assist the Sultan in occupying the interior region of Oman, an area that geologists believed to be rich in oil. This led to the 1954 outbreak of Jebel Akhdar War in Oman that lasted for more than 5 years.[79][80]

Total has been a significant investor in the Iranian energy sector since 1990.[81] In 2017, Total and the National Iranian Oil Company (NIOC) signed a contract for the development and production of South Pars, the world's largest gas field. The project will have a production capacity of 2 billion cubic feet per day. The produced gas will supply the Iranian domestic market starting in 2021.[43]

During the European Union's sanctions against the military dictatorship Myanmar, Total is able to operate the Yadana natural gas pipeline from Burma to Thailand. Total is currently the subject of a lawsuit in French and Belgian courts for the condoning and use of the country's civilian slavery to construct the pipeline. The documentary 'Total Denial' shows the background of this project.[82] The NGO Burma Campaign UK is currently campaigning against this project.

Acquisitions

In 2011, Total agreed to buy 60% of photovoltaics company SunPower for US$1.38 billion.[83] By the 2013 annual reporting date, Total owned 64.65%.

In 2016, Total agreed to purchase French battery maker Saft Groupe S.A. for 1.1 billion euros.[84]

In 2016, Total signed a $224M deal to buy Lampiris, the third-largest Belgian supplier of gas and renewable energy to expand its gas and power distribution activities.[85]

In December 2016, Total acquired about 23% of Tellurian for an amount of 207 million dollars, to develop an integrated gas project.[86]

In 2017, Total announced it would buy Maersk Oil from A.P. Moller-Maersk in a deal expected to close in the first quarter of 2018.[87]

In 2018, Total announced it was buying 74% of the French electricity and gas provider Direct Énergie from their main stockholders, for 1.4 billion euros.[88]

In 2022, Total announced it had added 4GW to its renewable energy portfolio through the acquisition of the Austin-based company, Core Solar.[89] The following month, Total entered an agreement with GIP to acquire a 50% stake in Clearway, one of the largest renewable energy owners in the United States.[90] As part of the transaction, GIP took a 50% minus one share stake in SunPower.[91]

In 2023, TotalEnergies acquired three gas-fired power plants with a total capacity of 1.5 GW in Texas from TexGen for $635 million.[92]

Western Sahara oil exploration

In 2001, Total signed a contract for oil-reconnaissance in areas offshore Western Sahara (near Dakhla), with the Moroccan "Office National de Recherches et d’Exploitations Petrolières" (ONAREP). In 2002, Hans Corell (the United Nations Under-Secretary-General for Legal Affairs) stated in a letter to the president of the Security Council that whenever the contracts are only for exploration they're not illegal, but if further exploration or exploitation are against the interests and wishes of the people of Western Sahara, they would be in violation of the principles of international law.[93] Finally, Total decided to not renew their license off Western Sahara.[94]

Energy Deal with ADNOC

In a move to cope with the 2021-2022 global energy crisis, which started with the onset of the Covid-19 pandemic and aggravated with Russia’s 2022 invasion of Ukraine, France’s TotalEnergies and UAE’s ADNOC signed a strategic deal to partner on energy projects “for cooperation in the area of energy supplies”.

The deal was secured on the second day of the UAE leader Sheikh Mohamed bin Zayed Al-Nahyan’s visit to Paris in 2022. The visit marked the UAE president’s first overseas state visit since assuming the post earlier that year.

The deal was aimed at identifying and targeting potential joint investment projects in the UAE, France, and elsewhere in the sectors of renewables, hydrogen, and nuclear energy, as told by the French government in one of its statements. According to French President Emmanuel Macron’s aides, France had been eager to secure diesel supply from the UAE.[95]

The deal also received criticism from human rights groups that persisted Macron not to give the-then “crown prince a pass on the UAE’s atrocious human rights record”, as per the statement published by Human Rights Watch on its website.[96]

Controversies

Environmental and safety records

In 1999, the Total SA company was fined €375,000 for the MV Erika oil spill that stretched 400 kilometers from La Rochelle to the western tip of Brittany. The company was only fined that amount because they were only partially liable because Total SA did not own the ship. The plaintiffs had sought more than $1.5 billion in damages. More than 100 groups and local governments joined in the suit. The Total company was fined just over $298,000. The majority of the money will go to the French government, several environmental groups, and various regional governments. The Total SA company was also fined $550,000 for the amount of marine pollution that came from it. After the oil spill they tried to restore their image and have opened a sea turtle conservation project in Masirah in recent years.

Prior to the verdict in which Total was found guilty one of the counterparts in the incident, Malta Maritime Authority (MMA), was not to be tried for having any hand in the incident. In 2005, Total submitted a report to the Paris courts which stated that Total had gathered a group of experts which stated the tanker was corroded and that Total was responsible for it. The courts sought a second expert reviewing this information, which was turned down.[97]

In 2001, the AZF chemical plant exploded in Toulouse, France, while belonging to the Grande Paroisse branch of Total.

In 2008, Total was required to pay €192 million in compensation to victims of the pollution caused by the sinking of the ship Erika. This was in addition to the €200 million that Total spent to help clean up the spill. The company appealed twice against the verdict, losing both times.

In 2016, Total was ranked as the second-best of 92 oil, gas, and mining companies on indigenous rights in the Arctic.[98] According to the CDP Carbon Majors Report 2017, the company was one of the top 100 companies producing carbon emissions globally, responsible for .9% of global emissions from 1998 to 2015.[99] In 2021, Total was ranked as the 2nd most environmentally responsible company out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).[100]

According to a 2021 study, Total personnel were aware about the role that their products played in global warming as early as 1971, as well as throughout the 1980s. Despite this awareness, the company promoted doubt regarding the science of global warming by the late 1980s, and ultimately settled on a position in the late 1990s of publicly accepting climate science, while still promoting doubt and trying to delay climate action.[101]

Bribery

Total has been accused of bribery on multiple occasions.

Total is being implicated in a bribe commission scandal which is currently emerging in Malta. It has emerged that Total had told Maltese agents that it would not be interested in doing business with them unless their team included George Farrugia, who is under investigation in the procurement scandal. George Farrugia has recently been given a presidential pardon in exchange for information about this scandal. Enemalta, Malta's energy supplier, swiftly barred Total and its agents, Trafigura from bidding and tenders. An investigation is currently underway and three people have been arraigned.[102]

On 16 December 2008, the managing director of the Italian division of Total, Lionel Levha, and ten other executives were arrested by the public Prosecutor's office of Potenza, Italy, for a corruption charge of €15 million to undertake the oilfield in Basilicata on contract. Also arrested was the local deputy of Partito Democratico Salvatore Margiotta and an Italian entrepreneur.[103][104]

In 2010, Total was accused of bribing Iraqi officials during former president Saddam Hussein's regime to secure oil supplies. A United Nations report later revealed that Iraqi officials had received bribes from oil companies to secure contracts worth over $10bn.[105] On 26 February 2016, the Paris Court of Appeals considered Total guilty and ordered the company to pay a fine of €750,000 for corrupting Iraqi civil servants. The court's ruling overturns an earlier acquittal in the case.

In 2013, a case was settled that concerned charges that Total bribed an Iranian official with $60 million, which they documented as a "consulting charge," and which unfairly gave them access to Iran's Sirri A and Sirri E oil and gas fields. The bribery gave them a competitive advantage, earning them an estimated $150 million in profits. The Securities Exchange Commission and the Department of Justice settled the charges, expecting Total to pay $398 million.[106]

2022 Russian invasion of Ukraine

Following the 2022 Russian invasion of Ukraine which began on February 24, many international, particularly Western companies pulled out of Russia. On March 1, TotalEnergies announced it "will no longer provide capital for new projects in Russia" but has retained ownership of its 19.4% stake in privately owned Novatek, 20% stake in the Yamal project and 10% stake in Arctic LNG 2.[107] This has led to criticism as insufficient, particularly given complete divestment of other major Western energy companies, and the European Union announcement of becoming more energy independent from Russia.[108][109][110] Similarly in August 2022, an investigation by Global Witness showed that a Siberian gas field part-owned by TotalEnergies has been supplying a refinery, which is producing jet fuel for Russian warplanes. This contradicts Total´s claims that this was unrelated to Russian military operations in Ukraine.[111]

Africa

In December 2022, the NGOs Friends of the Earth, Survie and four Ugandan NGOs sent the oil group Total to court and accused it of violating the law on the duty of vigilance of large French companies in terms of human rights and environment.[112] The Tilenga Project, which TotalEnergies is undertaking in conjunction with China National Offshore Oil Corporation consists of drilling for oil in the Murchison Falls National Park, a habitat for diverse species of birds and animals.[113] The project also involves building a pipeline from the site in land-locked Uganda to Tanga in Tanzania. Critics of the project are concerned that, since the proposed pipeline passes through Lake Victoria and close to a number of wildlife areas in Tanzania and Kenya, oil spills could threaten the lake and could have adverse effects on the wildlife, some of which is endangered, in various national parks.[114]

Automobile and motorcycle OEM partnerships

TotalEnergies is an official recommended fuel and lubricants for all prominent Renault–Nissan–Mitsubishi Alliance members, including Renault (shared with BP), Nissan (shared with ExxonMobil), Infiniti, Dacia, Alpine and Datsun, Kia Motors, three Stellantis marques (Citroën, Peugeot and DS), Honda (including Acura, shared with BP and ExxonMobil), Aston Martin, Mazda (shared with BP and its subsidiary Castrol), Sany and Tata Motors (shared with Petronas) for automobiles only as well as Peugeot Motocycles, Kawasaki (fuel only), Energica, and Honda for motorcycles only.

Sponsorship

Sébastien Loeb car with total sponsorship

Total has provided fuel and lubricants to professional auto racing teams.

Total has been a longtime partner of Citroën Sport in the World Rally Championship, Dakar Rally and World Touring Car Championship. Sébastien Loeb won nine WRC drivers titles, whereas Ari Vatanen and Pierre Lartigue won four editions of the Dakar Rally.

Total has been a partner of Peugeot Sport in Formula One from 1995 to 2000, the British Touring Car Championship in 1995 and 1996 and since 2001 in the World Rally Championship, Intercontinental Rally Challenge, 24 Hours of Le Mans, Intercontinental Le Mans Cup, Dakar Rally and Pikes Peak International Hill Climb. Total is also a partner of Peugeot Sport for its customer racing TCR Touring Car programme and its Le Mans Hypercar project in the FIA World Endurance Championship.[115]

Total was a partner of Renault Sport in Formula One from 2009 to 2016. Their logo appeared on the Red Bull Racing cars between 2009 and 2016, the Renault F1 cars in 2009, 2010 and 2016, and the Lotus F1 cars from 2011 to 2014. Total also partnered Caterham F1 Team in 2011–2014, Scuderia Toro Rosso in 2014–2015 and Williams F1 Team in 2012–2013.

Also, Total was the title sponsor of the Copa Sudamericana football tournament in 2013 and 2014.

In 2017, Total was appointed by FIA and ACO as official fuel supplier of the World Endurance Championship and 24 Hours of Le Mans from 2018–19 season onwards.[116]

Total is one of the official sponsors from 2013 to 2022 for one of the most popular and influential Mexican football teams, Club America.[117]

In terms of educational development, Total provides scholarships worth millions of euros annually to international students to study in France. These programs are mainly for master's degrees. Doctoral scholarships are also offered but in limited numbers. The students mainly come from Europe, Africa, Asia, and the Middle East where Total Operates. Students from Africa are mainly from Nigeria. The scholarship involves the payment of Tuition and a monthly allowance of 1400 Euros (2014 disbursement). The allowance is able to cater for feeding, transportation, and accommodation for the students. The drop in oil prices in 2015 has led to the reduction of the number of scholars.

In 2016, Total secured an eight-year sponsorship package from the Confederation of African Football (CAF) to support 10 of its principal competitions. Total will start with the Africa Cup of Nations to be held in Gabon, therefore, renaming it Total Africa Cup of Nations.

Following Total's purchase of Direct Énergie in the summer of 2018, the Direct Énergie cycling team changed its name the following year to Total Direct Énergie ahead of that year's edition of Paris–Roubaix.[118] In 2021 the team changed its name again to Team TotalEnergies in time for that year's Tour de France.[119]

In 2019, the company's Chief Executive Officer, Patrick Pouyanne pledged that Total would make a €100 million contribution to the reconstruction of the Notre-Dame cathedral after it was extensively damaged in a fire.[120]

In 2020, the company confirmed a two-year sponsorship deal with CR Flamengo, being the first time a partner of a Brazilian football team.[121]

See also

Notes

  1. ↑ Data is based on the 2022 Fortune 500.

References

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  2. ↑ "Annual Report 2020" (PDF). Total.
  3. ↑ "Euro Stoxx 50 | Index | 965814 | EU0009658145 | Börse Frankfurt (Frankfurt Stock Exchange)". Boerse-frankfurt.de. Archived from the original on 8 February 2019. Retrieved 2015-11-04.
  4. ↑ "Forbes Global 2000". Forbes. Retrieved 12 June 2023.
  5. ↑ "MILESTONES: 1921–1936, the 1928 Red Line Agreement". US Department of State. Archived from the original on 29 July 2012. Retrieved 18 August 2012.
  6. ↑ "An Administrative/Biographical History of Iraq Petroleum Company". Retrieved 18 August 2012.
  7. 1 2 "Compagnie Française des Pétroles and Its Contribution to the Re-establishment of France's Position among the Oil Countries after the Second World War" (PDF). Archived from the original (PDF) on 12 May 2013. Retrieved 18 June 2012. by Mohamed Sassi, Research associate at Université de Paris-IV (Sorbonne)
  8. 1 2 3 "Total company info on Britannica". Retrieved 18 June 2012.
  9. ↑ "French toehold". The New York Times. May 16, 1971. Retrieved July 8, 2022.
  10. ↑ Atlas, Terry (27 August 1980). "Esmark will sell TransOcean oil, gas unit to Mobil". Chicago Tribune. pp. 4–3. Retrieved 23 September 2015.
  11. ↑ Cole, Robert J. (22 August 1980). "Mobil high bidder for Esmark oil holdings". Lawrence (KS) Journal-World. New York Times News Service. p. 24. Retrieved 23 September 2015.
  12. ↑ "Jack Vickers". Colorado Business Hall of Fame. 2009. Retrieved 23 September 2015.
  13. ↑ Bonneuil, Christophe; Choquet, Pierre-Louis; Franta, Benjamin (2021-11-01). "Early warnings and emerging accountability: Total's responses to global warming, 1971–2021". Global Environmental Change. 71: 102386. doi:10.1016/j.gloenvcha.2021.102386. ISSN 0959-3780. S2CID 239563490.
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  15. ↑ "About Road Runner". Road Runner Stores. Archived from the original on 16 May 2015. Retrieved 23 September 2015.
  16. ↑ "Total Petroleum to rebrand and restructure its stores throughout the Midwest" (Press release). PR Newswire. 14 January 1993. Archived from the original on 8 July 2017. Retrieved 23 September 2015.
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