Total S.A.
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| Total S.A. | |
|---|---|
| Name | Total S.A. |
| Type | Public |
| Traded as | Euronext: TTE, NYSE: TOT |
| Industry | Oil and gas |
| Founded | 1924 |
| Founder | Ernest Mercier |
| Headquarters | Tour Total, La Défense, Paris, France |
| Key people | Patrick Pouyanné, Thierry Desmarest |
Total S.A. is a French multinational oil and gas company founded in 1924 by Ernest Mercier. Total S.A. is one of the seven Supermajor oil companies, along with ExxonMobil, Royal Dutch Shell, BP, Chevron Corporation, ConocoPhillips, and Eni. The company has operations in more than 130 countries, including United States, China, India, Russia, and Brazil. Total S.A. is listed on the Euronext Paris and New York Stock Exchange and is a component of the Euro Stoxx 50 and CAC 40 stock market indexes, which also include companies like Sanofi, L'Oréal, and Airbus.
● History
Total S.A. was founded in 1924 as the Compagnie française des pétroles (CFP) by Ernest Mercier, with the help of Banque de l'Indochine and Banque de Paris et des Pays-Bas. In 1985, the company was renamed Total CFP, and in 1991, it was renamed again to Total. The company has made several significant acquisitions, including the purchase of Petrofina in 1999 and Elf Aquitaine in 2000, which also involved companies like Gaz de France and Suez. Total S.A. has also partnered with other companies, such as Saudi Aramco, Qatar Petroleum, and China National Petroleum Corporation, to develop oil and gas fields in countries like Saudi Arabia, Qatar, and China. The company has also worked with International Energy Agency and Organization of the Petroleum Exporting Countries to promote energy security and cooperation.
● Operations
Total S.A. has operations in the upstream and downstream sectors of the oil and gas industry, including exploration and production, refining, petrochemicals, and distribution. The company is also involved in the production of renewable energy, such as solar power and wind power, through its subsidiaries like Total Solar and Total Eren, which have partnered with companies like SunPower and Vestas. Total S.A. has a significant presence in countries like United Arab Emirates, Oman, and Yemen, where it has partnered with companies like Abu Dhabi National Oil Company and Oman Oil Company. The company has also worked with European Union and International Renewable Energy Agency to promote the development of renewable energy.
● Financials
Total S.A. is one of the largest companies in the world, with revenues of over $200 billion in 2020, making it one of the largest companies in the Fortune Global 500, along with companies like Walmart, Amazon, and Apple. The company has a market capitalization of over $100 billion, making it one of the largest companies in the S&P 500 and Euro Stoxx 50 stock market indexes, which also include companies like Microsoft, Alphabet, and Nestle. Total S.A. has a significant presence in the bond market, where it has issued bonds with the help of companies like Goldman Sachs, Morgan Stanley, and JPMorgan Chase. The company has also worked with World Bank and International Monetary Fund to promote financial stability and cooperation.
● Sustainability
Total S.A. has made significant efforts to reduce its environmental impact, including the development of renewable energy and the reduction of greenhouse gas emissions. The company has set a target to reduce its carbon footprint by 20% by 2030, and has partnered with companies like Tesla, Volkswagen, and Daimler to develop electric vehicles and sustainable mobility solutions. Total S.A. has also worked with United Nations and World Wildlife Fund to promote sustainable development and conservation. The company has also implemented various initiatives to reduce waste management and water pollution, and has partnered with companies like Veolia and Suez to develop sustainable infrastructure.
● Controversies
Total S.A. has been involved in several controversies, including the Brent Spar oil platform controversy in 1995, which also involved companies like Shell and Greenpeace. The company has also faced criticism for its operations in countries like Myanmar and Iran, where it has partnered with companies like Myanmar Oil and Gas Enterprise and National Iranian Oil Company. Total S.A. has also been criticized for its role in the climate change debate, and has faced lawsuits from companies like ExxonMobil and Chevron Corporation. The company has also worked with European Commission and United States Environmental Protection Agency to promote environmental protection and cooperation.
● Products_and_Services
Total S.A. offers a wide range of products and services, including fuels, lubricants, petrochemicals, and renewable energy solutions. The company also provides energy services, such as energy efficiency and energy management, to its customers, which include companies like Air France, Lufthansa, and Coca-Cola. Total S.A. has also developed various mobility solutions, including electric vehicle charging and car sharing services, through its subsidiaries like Total Mobility and Total Gas & Power. The company has partnered with companies like Uber and Bolt to develop sustainable transportation solutions, and has worked with International Council on Clean Transportation to promote clean transportation. Total S.A. has also developed various energy storage solutions, including batteries and hydrogen fuel cells, through its partnerships with companies like Saft and Hyundai Motor Company.