Hubbry Logo
TotalEnergiesTotalEnergiesMain
Open search
TotalEnergies
Community hub
TotalEnergies
logo
8 pages, 0 posts
0 subscribers
Be the first to start a discussion here.
Be the first to start a discussion here.
Contribute something
TotalEnergies
TotalEnergies
TotalEnergies
View on Wikipedia
from Wikipedia

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.

Key Information

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.[2] In the 2023 Forbes Global 2000, TotalEnergies was ranked as the 21st largest company in the world.[3]

Big Oil companies[a]
Company Revenue (2021)(USD)[4] Profit (2021)(USD) Brands
ExxonMobil $286 billion $23 billion
Shell plc $273 billion $20 billion
TotalEnergies $185 billion $16 billion
BP $164 billion $7.6 billion Amoco
Aral AG
Chevron $163 billion $16 billion
Marathon $141 billion $10 billion ARCO[5]
Phillips 66 $115 billion $1.3 billion
Valero $108 billion $0.9 billion —
Eni $77 billion $5.8 billion —
ConocoPhillips $48.3 billion $8.1 billion —

History

[edit]

1924–1985: Compagnie Française des Pétroles

[edit]

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 in 1924 Col. Ernest Mercier, with the support of 90 banks and companies, founded 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,[6] 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%.[7] 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.[8]

In 1954 CFP branded its downstream products as Total in Africa and Europe.[8][9]

Total entered the United States in 1971 by acquiring Leonard Petroleum of Alma, Michigan and several Standard Oil of Indiana stations in Metro Detroit.[10]

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.[11][12][13]

1985–2003: Total CFP and rebranding to Total

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

The company renamed itself Total CFP in 1985, to build on the popularity of its gasoline brand.[9] 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.[9][14] In the period between 1990 and 1994, foreign ownership of the firm increased from 23 percent to 44 percent.

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]

In 1996, the Girassol oil field was discovered and operated by TotalEnergies SE.[18] 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.[19]

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 climate change.[20]

2003–2021

[edit]

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]

In 2010 Total and Erg merged their respective subsidiaries Total Italia and Erg Petroli, forming TotalErg, 49% controlled by the French group and 51% by the Italian one.[27][28][29][30][31]

As of 2010, Total had over 96,000 employees and operated in more than 130 countries.[32] In 2010, Total announced plans to pull out of the forecourt market in the United Kingdom.[33]

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.[34]

In 2013, Total started the operation at Kashagan with North Caspian Operating Company.[35] It is the biggest discovery of oil reserves since 1968. In 2013, Total increased its stake in Novatek to 16.96%.[36][37] In 2013, Total and its joint venture partner agreed to buy Chevron Corporation's retail distribution business in Pakistan for an undisclosed amount.[38]

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.[39] 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).[40]

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.[citation needed] Patrick Pouyanne, who was Total's Refining Chief at that time, was appointed as CEO,[41] 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%.[42]

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.[43]

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.[44]

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.[45] 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.[46] It was won by an Austrian-German team using a variant of the taurob tracker robot.[47]

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.[48][49] The deal was the first foreign investment in Iran since in the 2015 sanctions over Iran's nuclear weaponisation were lifted by the JCPOA.[49]

In 2017, Total announced the acquisition of Maersk Oil for $7.45 billion in a share and debt transaction.[50] This deal positioned Total as the second operator in the North Sea.[51]

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.[52]

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.[53]

On 10 January 2018 TotalErg was acquired by Gruppo API,[54][55] with the exception of the Special Fluids division, acquired by the newly formed Total Italia.[56]

In 2018, Total officially withdrew from the Iranian South Pars gas field because of sanctions pressure from the US.[57]

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.[58] 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.[59]

In July 2020 the company changed its name from Total SA to Total SE as part of registration as a European company.[60]

In 2020, the company announced its intention to cut 500 voluntary jobs in France.[61]

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.[62][63]

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.[64]

2021–present: Rebranding to TotalEnergies

[edit]

In 2021, the company announced a name change to TotalEnergies as an intended illustration of its investments in the production of green electricity.[65][66] At the Ordinary and Extraordinary Shareholders' Meeting in May of that year, shareholders approved the name change to TotalEnergies.[67]

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.[68]

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.[69][70]

In June 2022, TotalEnergies signed a partnership with QatarEnergy for the world's 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.[71] 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.[72][73]

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.[74][75]

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.[76] Additionally, Indian Oil Corp, has signed liquefied natural gas (LNG) import deals with ADNOC LNG and TotalEnergies in the same month.[77]

In October 2023, TotalEnergies sold its Canadian operations to Suncor Energy for C$1.47 billion($1.07 billion).[78] TotalEnergies has agreed to buy liquefied natural gas from Qatar for 27 years, cementing the European nation's commitment to fossil fuels beyond 2050.[79]

In 2023, Total invested $300 million in a renewable energy joint venture with Adani Green Energy. The joint venture's portfolio capacity is 1,050 MW - 300 MW of operating capacity, 500 MW of solar projects under construction and 250 MW of projects under development, as well as solar and wind power projects in India.[80] At the end of January 2024, TotalEnergies reached an agreement with OMV to purchase a 50% stake in its joint venture in Malaysia (SapuraOMV) for $903 million. The deal includes the repayment of a $350 million loan from OMV to the joint venture.[81]

On 21 February 2024, TotalEnergies and Airbus entered a strategic partnership to meet emission-reduction goals through the use of sustainable aviation fuels (SAF). TotalEnergies will provide more than 50% of Airbus' European fuel requirements. Compared to fossil fuels, SAF can reduce CO2 emissions by up to 90%.[82][83]

TotalEnergies and QatarEnergy entered an agreement on 6 March 2024 to purchase participating interests in South Africa's Orange Basin offshore oil field. Under the agreement, TotalEnergies will have the exclusive right to operate its wells in Block 3B/4B with a 33% interest holding, while QatarEnergy will receive a 24% interest in the same block.[84][85]

On 22 April 2024, OmanLNG and TotalEnergies signed a deal in which OmanLNG will provide 800,000 metric tons of liquefied natural gas.[86]

On 14 November 2024, TotalEnergies announced that it will fill all of its upstream assets with real-time methane leak detection equipment by 2025 to help minimize the emissions. This is expected to help the company in its target of slashing methane emissions to nearly zero percent by 2030.[87]

On 15 November 2024, TotalEnergies, BP, Shell and Equinor promised to invest $500 million to increase the access to affordable energy, focusing primarily in sub-Saharan Africa, south and southeast Asia. This would include domestic solar energy systems, micro-electricity grids, energy production, transport, logistics and storage, e-mobility technologies, and modern cooking fuels such as liquefied petroleum gas (LPG).[88]

On 3 December 2024 TotalEnergies announced its plans to build a 0.3 gigawatt (GW) solar park in Saudi Arabia, while another leading company from France EDF has been assigned to build two solar parks with a total of 1.4 GW.[89]

In January 2025, TotalEnergies sold all of its service stations to Coly Energy Mali, a subsidiary managed by the Beninese company Bénin Petro.[90]

On February 18, 2025, TotalEnergies confirmed its departure from Burkina Faso, after 70 years of presence, in Burkina Faso.[91]

Organization

[edit]
See also: Subsidiaries and affiliates of TotalEnergies
[edit]

The key trends of TotalEnergies are (as at the financial year ending 31 December):[92][93]

Year Revenue
(US$ bn) 		Net income
(US$ bn) 		Assets
(US$ bn) 		Employees
2011 228 16.8 224 96,104
2012 249 14.6 235 97,126
2013 235 11.5 237 98,799
2014 212 4.2 229 100,307
2015 143 5.0 224 96,019
2016 127 6.1 230 102,168
2017 149 8.6 242 98,277
2018 184 11.4 256 104,460
2019 176 11.2 273 107,776
2020 119 –7.2 266 105,476
2021 184 16.0 293 101,309
2022 263 20.5 303 101,279
2023 237 21.3 283 101,279

Business segments

[edit]
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.[94] It is composed of the following segments: Exploration & Production;[95] 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).[94]

Head office

[edit]
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.[96][97] The building was originally constructed between 1983 and 1985 for Elf Aquitaine; Total SA acquired the building after its merger with Elf in 2000.[97]

Subsidiaries

[edit]

TotalEnergies Italia

[edit]

Total Italia S.p.A. (originally Total Italia S.r.l.) is an Italian company that operates in the distribution of lubricants. It is a subsidiary of TotalEnergies SE.

It was founded in 2018 by the split of the Special Fluids branch from TotalErg in view of the acquisition by Gruppo API. It takes its name from the old Total Italia, dissolved in 2010 with the birth of TotalErg.

Operations

[edit]

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.[98]

Total is involved in 23 projects of exploration and production[99] in Africa, Asia, Europe, North America, South America and Russia.

Investments

[edit]

In 1937, Iraq Petroleum Company (IPC), 23.75 percent owned by Total,[100] 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.[101]

Total has been a significant investor in the Iranian energy sector since 1990.[102] 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.[48]

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.[103] The NGO Burma Campaign UK is currently[when?] campaigning against this project.

Acquisitions

[edit]

In 2011, Total agreed to buy 60% of photovoltaics company SunPower for US$1.38 billion.[104] 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.[105]

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.[106]

In December 2016, Total acquired about 23% of Tellurian for an amount of 207 million dollars, to develop an integrated gas project.[107]

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.[108]

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.[109]

In 2022, Total announced it had added 4 GW to its renewable energy portfolio through the acquisition of the Austin-based company, Core Solar.[110] 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.[111] As part of the transaction, GIP took a 50% minus one share stake in SunPower.[112]

In October 2023, TotalEnergies announced it was purchasing Quadra, a Germany based clean energy aggregator, for an undisclosed amount.[113]

In 2023, TotalEnergies acquired three gas-fired power plants with a total capacity of 1.5 GW in Texas from TexGen for $635 million.[114]

Western Sahara oil exploration

[edit]

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.[115] Finally, Total decided to not renew their license off Western Sahara.[116]

Energy Deal with ADNOC

[edit]

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.[117]

The deal also received criticism from human rights groups that pressured Macron not to give the then "crown prince a pass on the UAE's atrocious human rights record", per the statement published by Human Rights Watch on its website.[118]

Controversies

[edit]

Environmental and safety records

[edit]

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.[citation needed]

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.[119]

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

In 2008, Total was required to pay €192 million in compensation to victims of the pollution caused by the sinking of the ship MV 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.[120] 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.[121] 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).[122]

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.[123] In August 2024, South Africa's advertising regulator ruled that TotalEnergies' promotion of sustainability in an advertising campaign in the country was misleading. The campaign was run in collaboration with South Africa's nature conservation authority, Sanparks, to encourage people to visit the country's national parks.[124]

Bribery

[edit]

Total has been accused of bribery on multiple occasions.

Total is being implicated in a bribe commission scandal which is currently[when?] 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.[125][citation needed]

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.[126][127]

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.[128] 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.[129]

2022 Russian invasion of Ukraine

[edit]

Following the 2022 Russian invasion of Ukraine which began on 24 February, many international, particularly Western companies pulled out of Russia. On 1 March, 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.[130] 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.[131][132][133] 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.[134] On 26 April, 2024, while presenting the firm’s interim financial report TotalEnergy CEO Patrick Pouyanne said that importing Russian LNG to EU is not a very profitable operation and if EU sanctions Russian LNG, the price of LNG will go up quickly and globally TotalEngergy's portfolio will benefit from it.[135] According to a 2024 analysis done by IEEFA, despite EU sanctions, Russian LNG import to France almost doubled to 4.4 billion cubic meters in the first half of 2024 compared to the same period a year ago.[136] On 30 September, 2025, Patrick Pouyanne suggested that Russian liquefied natural gas shipments could be redirected to other countries like India and Turkey if the European Union bans imports while sparing a key facility in Russia[137].

Africa

[edit]

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.[138] 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.[139] 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.[140] In March 2025, a judicial investigation was opened in France for involuntary manslaughter against totalenergies in Mozambique.[141]

Automobile and motorcycle OEM partnerships

[edit]

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, 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 Motors (fuel only), Energica, and Honda for motorcycles only.

Sponsorship

[edit]
Sébastien Loeb car with total sponsorship

Total has provided fuel and lubricants to professional auto racing teams.[citation needed]

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.[citation needed]

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.[citation needed] Total is also a partner of Peugeot Sport for its customer racing TCR Touring Car programme[citation needed] and its Le Mans Hypercar project in the FIA World Endurance Championship.[142]

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.[citation needed]

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

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.[143]

Total is one of the official sponsors from 2013 to 2022 for one of the most popular and influential Mexican football teams, Club America.[144]

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.[citation needed]

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.[145] In 2021 the team changed its name again to Team TotalEnergies in time for that year's Tour de France.[146]

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.[147]

In 2020, the company confirmed a two-year sponsorship deal with CR Flamengo, being the first time a partner of a Brazilian football team.[148]

See also

[edit]

Notes

[edit]

References

[edit]
[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

TotalEnergies

View on Grokipedia
from Grokipedia
TotalEnergies SE is a French multinational integrated company originally founded on March 28, 1924, as Compagnie Française des Pétroles (CFP), which evolved through mergers and rebranded to Total in before adopting its current name in May 2021 to signify expansion beyond hydrocarbons into renewables and electricity. Headquartered in , near , the company operates in about 120 countries with more than 100,000 employees, spanning the full value chain including exploration and production of oil and , liquefied (LNG) integration, refining and chemicals, marketing and services, and integrated power generation from renewables. Under Chairman and CEO since 2014, TotalEnergies has reported adjusted net income of $18.3 billion for 2024 while planning ~4% annual growth in energy production (oil, gas, electricity) through 2030, reflecting continued reliance on fossil fuels amid its stated goals. The firm has achieved scale in LNG and biofuels but faces empirical controversies, including spills documented in its own reports and legal challenges over alleged misleading climate commitments, though some climate-related lawsuits have been dismissed by courts.

History

Founding and Early Development (1924–1985)

The Compagnie Française des Pétroles (CFP) was established on March 28, 1924, as a private entity under the initiative of the French government to secure domestic supplies and assert national interests in global oil markets, following that allocated a share of former German oil concessions in the Ottoman Empire's territories. With lacking indigenous oil production, CFP was capitalized at 100 million francs, primarily by French banks and industrialists, and tasked with acquiring the 25 percent stake previously held by in the Turkish Petroleum Company (TPC), which controlled exploration rights in (modern ). This stake was formalized through the 1920 San Remo Oil Agreement, enabling CFP to hold a 23.75 percent interest in TPC upon its reorganization as the (IPC) in 1929. CFP's early operations centered on upstream activities in the , where IPC secured an concession in in 1925 and discovered commercially viable oil on , 1927, at the field near , igniting a major blowout that highlighted the region's potential. Production commenced in 1934, with CFP receiving its proportional share of crude from the Kirkuk facilities, which by the late 1930s supplied much of Europe's oil needs amid geopolitical tensions including the 1928 restricting independent ventures within former Ottoman borders. To process imports, CFP built its first refinery at Gonfreville-l'Orcher in Normandy, operational from 1933 with an initial capacity of around 1 million tons annually, marking the company's entry into downstream refining amid France's push for self-sufficiency. Post-World War II reconstruction spurred CFP's diversification, including the 1947 formation of its arm, Compagnie Française de Raffinage (CFR), and exploration ventures in , , and . A pivotal domestic milestone came with the discovery of the Lacq gas field in southwestern in 1951, developed by CFP with first production in 1957; this reserve, containing high content, yielded over 8 trillion cubic feet of recoverable gas and reduced reliance on imports through innovative desulfurization technology. By the , CFP expanded retail marketing, launching the Total brand for stations in in 1954, which grew to over 1,000 outlets by the early , supporting integrated operations amid nationalizations elsewhere in the that spared Iraq's output until later decades. Through the , CFP navigated oil crises by bolstering capacity to 12 million tons annually by 1961 and pursuing offshore and prospects, solidifying its role as France's primary oil major before the 1985 adoption of the Total moniker to emphasize consumer-facing identity.

Expansion and Rebranding to Total (1985–2003)

In 1985, Compagnie Française des Pétroles rebranded as Total CFP to capitalize on the recognition of its Total gasoline brand in the downstream sector. This shift emphasized marketing and distribution while maintaining upstream operations in oil exploration and production. The French government's ownership remained significant, exceeding 30% of shares, which influenced strategic decisions amid efforts to enhance competitiveness in a deregulating energy market. By 1991, following partial and a public listing on the , the company adopted the name Total SA, marking a transition toward greater independence from state control and international orientation. This period saw expansion in refining capacity and overseas assets, with investments in fields and African concessions to diversify production amid volatile oil prices. The government's stake reduction facilitated alliances and joint ventures, boosting reserves from approximately 1.5 billion barrels in the mid-1980s to over 6 billion by the late through targeted acquisitions and exploration successes. A pivotal expansion occurred in December 1998, when Total agreed to acquire a controlling 41% stake in Belgian refiner SA for about $12.9 billion in stock, exchanging nine Total shares for every two shares and granting Petrofina's core shareholders a 12% stake in the enlarged entity. The deal, completed in 1999, formed TotalFina and elevated the company to the world's sixth-largest oil major by , enhancing and capabilities, particularly in and the U.S., with combined daily capacity exceeding 2 million barrels. In September 1999, TotalFina launched a hostile bid for , France's second-largest oil firm, which evolved into a friendly merger valued at $54.3 billion after Elf's board conceded; the transaction closed in March 2000, creating TotalFinaElf SA, the world's fourth-largest publicly traded oil company with over 5.5 million barrels per day in production capacity. This integration consolidated upstream assets in , the , and the , while downstream networks expanded to over 17,000 service stations globally, though it faced antitrust scrutiny from European regulators requiring asset divestitures. By 2003, amid post-merger synergies that yielded annual cost savings of $1.5 billion, the group streamlined its branding to Total SA, reflecting operational integration and a focus on core oil and gas activities following the TotalFinaElf phase. This era transformed Total from a primarily French entity into a multinational supermajor, with reserves doubling through mergers and exploration, though reliant on state-influenced decisions that prioritized national energy security over pure market dynamics.

Global Growth and Diversification (2003–2021)

In the years following its 2003 rebranding as Total, the company expanded its upstream operations globally, securing key concessions in high-potential regions to bolster reserves and production capacity. A notable early move was obtaining a 30% participating interest in the South Rub' al-Khali exploration program in , marking deeper penetration into the kingdom's gas sector alongside and others. This aligned with Total's strategy to diversify beyond crude oil into , leveraging its established position in (LNG) projects like Qatar's North Field, where it held significant equity. By mid-decade, Total's production reached approximately 2.4 million barrels of oil equivalent per day, supported by developments in Angola's deepwater blocks and Nigeria's offshore fields, reflecting organic growth and joint ventures that extended operations across more than 100 countries. Diversification efforts intensified in downstream and chemicals segments around 2004, when Total restructured its portfolio by creating as a standalone entity for specialty chemicals, intermediates, and polymers, while retaining and expanding core operations. This included a with Samsung General Chemicals to build ethylene crackers in , enhancing Asian market access amid rising demand from the region's manufacturing boom. Such moves reduced reliance on volatile upstream cycles by integrating , marketing, and specialty products, with refining capacity growing to over 2 million barrels per day through upgrades in and new facilities in the . Total's global footprint in marketing expanded via service station networks, reaching about 17,000 outlets worldwide by 2010, including entries into emerging markets like and . The 2010s saw accelerated diversification into gas, power, and nascent renewables, driven by strategic acquisitions that addressed pressures and portfolio resilience. In 2011, Total acquired a 60% stake in Corporation, a U.S.-based solar photovoltaic leader, investing over $1.4 billion to enter utility-scale solar amid policy incentives like the U.S. Investment Tax Credit. This positioned Total as an early mover in , though solar remained marginal to its hydrocarbon core. By 2016, the company purchased Saft Groupe S.A., a French battery specialist, for €1.1 billion, bolstering capabilities, and established a dedicated Gas, Renewables & Power (GRP) division to consolidate LNG trading (which grew to handle 40 million tons annually) with emerging low-carbon ventures. Major upstream bolstering occurred in 2018, when Total acquired for $7.45 billion, adding 900,000 barrels of oil equivalent per day in production primarily from the (, , ) and , elevating Total to the region's second-largest operator and diversifying reserve bases away from mature assets. Complementing this, Total bought ENGIE's upstream LNG portfolio, including a 16.6% stake in the Cameron LNG export terminal in , , for $1.4 billion, enhancing flexible LNG supply chains amid global demand surges from . In , the $1.7 billion acquisition of Direct Energie, the third-largest power retailer, integrated 2.2 million customer accounts and green energy sourcing, marking entry into competitive electricity markets. A 2017 minority stake (23%) in Eren Groupe furthered renewables exposure in onshore wind and solar across . These transactions, totaling over $10 billion in 2018 alone, increased hydrocarbon reserves to 11.9 billion barrels of oil equivalent and expanded operations to 130 countries, mitigating geopolitical risks through geographic and asset-type balance. By 2021, Total's strategic evolution had shifted its portfolio toward integrated gas (LNG comprising 10% of investments) and early renewables (targeting 5 GW capacity), while maintaining oil and gas as 90% of earnings, reflecting pragmatic adaptation to regulatory and market shifts without abandoning profitability. Production stabilized at around 3 million barrels of oil equivalent per day, with LNG liquefaction capacity exceeding 50 million tons annually, underscoring growth from opportunistic expansions rather than ideological pivots.

Rebranding to TotalEnergies and Energy Transition Strategy (2021–Present)

On February 9, 2021, Total's CEO Patrick Pouyanné announced the company's intent to rebrand as TotalEnergies to reflect its transformation into a multi-energy corporation focused on both traditional hydrocarbons and emerging low-carbon solutions. Shareholders approved the name change at the annual general meeting on May 28, 2021, with the rebranding taking immediate effect thereafter. The updated name and logo, featuring a faded design symbolizing evolution, aimed to encapsulate the firm's ambitions in renewables, electricity, and sustainable fuels alongside its core oil and gas operations. TotalEnergies' energy transition strategy emphasizes a balanced "two-pillar" approach, maintaining robust investments in oil and gas to meet global demand while allocating significant capital to renewables and integrated power generation. The company targets net-zero emissions by 2050, aligned with the Paris Agreement, through measures including a 40% reduction in Scope 1 and 2 emissions intensity by 2030 from 2015 levels and methane emissions below 0.2% by the same year. Under its 2022-2025 capital allocation plan, approximately 50% of growth investments—totaling around $16-18 billion annually—are directed toward low-carbon electricity and renewables, with the remainder supporting oil and gas projects. This includes plans to expand renewable capacity to 100 GW by 2030, up from over 10 GW achieved by 2022, and to integrate solar, wind, and storage into a vertically controlled value chain mirroring its hydrocarbon model. Despite these commitments, TotalEnergies intends to grow overall energy production—encompassing , , and —by about 4% annually through 2030, reflecting CEO Pouyanné's view that for all major energy sources will rise amid a "reasoned" transition rather than abrupt decarbonization. Pouyanné has argued that remain essential for and affordability, criticizing overly alarmist policies that could hinder supply. Since 2020, the firm has invested over €20 billion in low-carbon initiatives globally, including €4 billion in , yet critics, including environmental groups, contend the strategy prioritizes shareholder returns and expansion over rapid . In October 2025, a French court ruled that TotalEnergies misled consumers on its efforts, finding insufficient substantiation for certain claims despite acknowledging in emissions . This judgment highlights ongoing scrutiny of the company's messaging amid its continued upstream investments, such as new LNG projects and developments in and the .

Corporate Structure and Governance

Leadership and Executive Team

has served as Chairman and of TotalEnergies SE since December 19, 2015, following the reunification of the Chairman and CEO roles by the . He was initially appointed CEO on October 22, 2014, succeeding after the latter's death in a plane crash. Pouyanné's mandate was renewed by shareholders in May 2024 for a three-year term ending in 2027. The Executive Committee, chaired by Pouyanné, functions as the primary body for operational management, implementing Board-approved strategies and authorizing investments exceeding specified thresholds, such as those over 1% of shareholders' equity for notification or over 3% for approval. It meets approximately every two weeks and comprises presidents of major business segments and key functional leaders. As of October 2025, following recent appointments, the committee includes:
NameRoleKey Details
Chairman and Appointed CEO October 2014; Chairman since December 2015
Jean-Pierre SbraireJoined committee prior to 2024; oversees financial strategy
Aurélien HamellePresident, Strategy & SustainabilityAppointed 2024
Helle KristoffersenPresident, Gas, Renewables & PowerLeads integrated LNG and power segments; appointed to committee pre-2024
Namita ShahPresident, OneTechOversees and ; active as of 2025 presentations
Bernard PinatelPresident, Refining & ChemicalsManages downstream operations
Catherine RemyPresident, People & Appointed August 1, 2025
Nicolas TerrazPresident, Exploration & ProductionAppointed to replace Arnaud Breuillac; focuses on upstream activities
The committee also interfaces with the monthly Performance Management Committee, which monitors health, safety, environment (HSE), financial, and operational metrics across the company. Appointments to the Executive Committee are made by the CEO and ratified by the Board, reflecting alignment with TotalEnergies' multi-energy strategy amid hydrocarbon and low-carbon transitions.

Organizational Headquarters and Global Footprint

TotalEnergies SE maintains its global at Tour Coupole, located at 2 place Jean Millier in the business district of , , a high-rise area adjacent to . This facility serves as the central hub for executive leadership and strategic decision-making. The company also operates a prominent North American at TotalEnergies Tower, 1201 Street, Suite 1800, in , , supporting U.S.-focused operations in oil, gas, and renewables. TotalEnergies has established a broad global footprint, with activities spanning approximately 120 countries and employing over 100,000 people as of 2024. Its presence is diversified across continents, including significant operations in (e.g., , ), (e.g., , ), the , (e.g., , ), and the . Key trading and shipping hubs facilitate international commodities flow, with primary centers in , , for global commodities; for U.S. oil and gas; and for markets. The company's organizational structure emphasizes localized subsidiaries and affiliates to adapt to regional regulations and markets, such as Total Oil (Thailand) Co., Ltd. in and TotalEnergies Marketing & Services SA for downstream activities. This decentralized approach supports integrated energy operations while maintaining oversight from the headquarters.

Board Composition and Shareholder Influence

The of TotalEnergies SE consists of 14 members, with nine classified as independent, following ratification at the annual shareholders' meeting on May 23, 2025. The composition reflects diversity, including 45.5% women (six members) and a mix of nationalities with eight French and six non-French directors. has served as Chairman and since 2015, combining executive and oversight roles, while Jacques Aschenbroich holds the position of Lead Independent Director. Recent appointments include Valérie Della Puppa-Tibi (May 22, 2025), alongside independent directors such as Lise Croteau, Helen Lee, Laurent Mignon, , and Anelise Lara. The board oversees strategy definition, , and executive performance, guided by the AFEP-MEDEF code, with specialized committees for audit, remuneration, and nominations. TotalEnergies' shareholding structure is broadly dispersed, with no controlling , fostering institutional and retail influence through voting at general meetings. As of mid-2025 data, major holders include:
ShareholderApproximate Stake
Amundi Asset Management9.6%
, Inc.6.8%
Total SA Plans7.7-8.9%
4.1%
Individual shareholders account for 15.3% of capital, numbering around 1.85 million, many benefiting from employee shareholding programs that reached 8.9% in 2025. influence is amplified by statutory double voting rights for registered shares held continuously for at least two years, which rewards long-term and bolsters the voice of employees and stable investors in decisions on dividends, capital allocation, and . This mechanism, applied to a significant portion of registered holdings, contributes to stability amid dispersed ownership. At annual meetings, shareholders approve board renewals, policies, and strategic orientations, with high attendance noted in 2025. Tensions arise from activist investors, such as Union Investment, who have voted against management on climate transition proposals, yet the board has upheld its integrated multi-energy approach following extensive dialogue. Employee shareholders, in particular, demonstrate strong alignment with the company's balanced hydrocarbon-renewables portfolio, supporting consistent capital returns.

Business Segments and Operations

Exploration and Production

TotalEnergies' Exploration and Production (E&P) segment focuses on the discovery, development, and extraction of oil and reserves across global basins, emphasizing technically challenging environments such as deep offshore fields in the , , and . The company operates in key producing regions including , the , , , , and , leveraging subsurface expertise to optimize resource recovery while targeting cost efficiency and emissions reductions. Hydrocarbon production reached approximately 2.5 million barrels of oil equivalent per day (Mboe/d) in the third quarter of 2025, marking a 4% year-on-year increase driven by project ramp-ups and . For the full year 2025, TotalEnergies anticipates upstream production growth exceeding 3%, supported by contributions from low-cost assets and new developments, amid a to sustain output amid fluctuating commodity prices. Proved reserves, certified under SEC standards, were predominantly located in the as of year-end 2024, reflecting the company's focus on high-quality, long-life assets to underpin future production. Exploration activities have prioritized high-potential frontier areas, yielding notable discoveries including multiple finds offshore (such as in Block 58), Namibia's Orange Basin, and ' eastern blocks like Cronos-1 and Zeus-1, which confirm substantial gas resources. In June 2025, TotalEnergies acquired stakes in additional Suriname offshore blocks adjacent to its GranMorgu development, positioning for phased project advancements. Earlier in January 2025, the company partnered with on new Libyan exploration campaigns spanning shallow, deepwater, and ultra-deep offshore plays. In the U.S., TotalEnergies entered 40 Chevron-operated blocks in June 2025, expanding leaseholdings in a prolific producing province. The segment's strategy prioritizes expansion, with goals to elevate its share to 50% of the overall energy sales mix by 2030 through selective investments in (LNG) integration and gas-focused developments, while enforcing strict intensity targets below 0.2% and avoiding high-emission projects. Key ongoing projects include the Tilenga oil development and (EACOP) in , designed to unlock landlocked reserves with engineered mitigation for environmental impacts, alongside U.S. Permian Basin expansions and ramp-ups. This approach balances volume growth—targeting 4-5% annual energy production increases through 2026—with capital discipline, allocating roughly $5-6 billion annually to E&P amid broader multi-energy diversification.

Integrated LNG

TotalEnergies maintains an integrated presence across the (LNG) value chain, encompassing upstream gas production, , shipping, , and downstream marketing, which enables risk mitigation and value capture amid market volatility. As the world's third-largest LNG marketer by sales volume, the company reported approximately 20 million tonnes per annum (Mtpa) of equity LNG sales in 2024, supported by diversified equity positions in 12 liquefaction trains globally. This integration positions LNG as a core pillar of TotalEnergies' multi-energy strategy, leveraging as a lower-emission alternative to for power generation and industrial use during the . The company's LNG portfolio emphasizes geographic diversification and long-term offtake contracts to ensure stable cash flows, with over 80% of volumes backed by sales agreements averaging 10-15 years in duration. , TotalEnergies has emerged as the leading LNG exporter since 2021, shipping more than 10 million tons annually from facilities like Cameron LNG in , where it achieved the 1,000th cargo export in July 2025. Key U.S. and North American projects include a 16.6% stake in LNG (), enabling participation in up to 17 Mtpa of capacity across its trains, and the Energía Costa Azul LNG project in , with a 16.2% targeting 3 Mtpa from phase 1 operations starting in 2025. Internationally, equity in Qatar's North Field East expansion (9.375% stake, adding ~8 Mtpa by 2026) and Train 7 (15% stake, 7.7 Mtpa capacity) bolster production, while the LNG project advances with plans for additional phases to reach 13.2 Mtpa equity share post-final investment decision. Recent initiatives, such as the 2024 launch of the 1 Mtpa Marsa LNG in (80% stake), further enhance capabilities. Strategically, TotalEnergies aims to expand its equity LNG marketing to 30 Mtpa by 2030, representing over 50% growth from 2024 levels, driven by sanctioned projects and selective upstream gas developments without reliance on Russian supplies. This expansion is projected to yield more than 70% growth for the integrated LNG segment by 2030, assuming at $70 per barrel and gas at $8 per million British units, underpinned by low-cost liquefaction and flexible shipping assets including a fleet of 18 LNG carriers. The approach prioritizes projects with competitive full-cycle costs below $3 per million British units, ensuring resilience to price cycles while aligning with global demand growth for LNG as a transitional .

Refining and Chemicals

TotalEnergies' refining and chemicals segment transforms crude oil and into fuels, lubricants, and intermediates, with a total refining capacity of 1.8 million barrels per day at year-end 2024. The segment operates 16 major and plants worldwide, including sites in (Normandy, Donges, Feyzin), other European countries (, , ), the (), and the (Daesan, Korea; SATORP, ; ), and (, Côte d’Ivoire, , ). The Normandy platform, the largest in France, accounts for 12% of the country's refining capacity, while its petrochemical facilities produce 11% of France's plastics. The La Mède complex has been converted into a biorefinery focused on biofuels and new energies. These facilities emphasize operational efficiency and market alignment, producing , diesel, , and base chemicals to meet global demand. Key refining platforms include the in , with a processing capacity of 238,000 barrels per day, integrated with petrochemical units for enhanced synergies. In , the SATORP joint venture processes 460,000 barrels per day of crude oil, operational since 2014. European operations, such as the Antwerp complex in (338,000 barrels per day integrated refining-petrochemical site), focus on high-value products but face regional oversupply challenges, prompting the planned shutdown of an older ethylene steam cracker unit with 570,000 tons per year capacity in 2025. In petrochemicals, the segment produces olefins (7,469 kilotons per year), aromatics (6,939 kilotons per year), polyethylene (2,740 kilotons), polypropylene (3,050 kilotons), and polystyrene (1,017 kilotons) as of year-end 2024. Ethylene production, a core olefin, benefits from expansions like the Port Arthur ethane cracker (1 million tons per year, commissioned post-2022) and Daesan upgrades increasing capacity by 30% in 2019. Polymers output supports downstream applications, with a target of 1 million tons of circular polymers annually by 2030 across 17 global sites. Strategically, the segment prioritizes high-grading operations for excellence, including planned capacity shutdowns resuming in 2025 amid normalizing markets. Decarbonization efforts encompass projects (e.g., Masshylia and , targeting 10-30 kilotons per year from 2029), carbon capture at Port Arthur via Bayou Bend (acquired March 2024), and expansions like La Mède reaching 285 kilotons per year by 2027. Adjusted net operating income for and chemicals stood at $318 million in Q4 2024, with 2025 results projected in a similar range due to modest margin improvements.

Marketing and Services

The Marketing & Services segment of TotalEnergies encompasses the global supply and marketing of petroleum products, biofuels, low-carbon fuels, lubricants, aviation fuels, and new energies for mobility, alongside integrated energy services to support customer transitions to sustainable solutions. This segment generated sales of $83.3 billion and adjusted net operating income of $1.36 billion in 2024. TotalEnergies maintains a retail network of 13,148 service stations across nearly 100 countries as of December 31, 2024, operating under brands such as TotalEnergies, AS24, and , with leading positions in and . Regionally, the network includes 5,700 stations in , 4,521 in , 781 in the , 1,162 in the , and 984 in . These stations function as one-stop shops offering fuels, convenience stores, car washes, and (EV) charging, with nearly 78,000 charge points integrated globally by year-end 2024. The company has pursued network optimization through divestments, including sales of operations in and the in March 2023, and in 2023, and in October 2024, alongside a €3.4 billion deal with for European stations completed in January 2024. In specialty products, TotalEnergies ranks as the fourth-largest global distributor of lubricants, with sales of 35 thousand barrels per day in 2024, covering automotive lines like engine oils and industrial applications. TotalEnergies synthetic lubricants, such as those in the Quartz line, are formulated with base oils from API Groups III (severely hydroprocessed), IV (polyalphaolefins, PAO), and V (e.g., esters, polyglycols). The aviation sub-segment supplies and at over 600 airports worldwide, achieving volumes of 181 thousand barrels per day in 2024, including sustainable aviation fuel (SAF) options tailored to customer needs. Bulk sales reached 384 thousand barrels per day, encompassing and special fluids. Additional services include and marketing, serving 5.6 million customer sites in and 8.8 million across in 2024, with 51 TWh of and 99 TWh of gas supplied. The segment's strategy emphasizes value over volume to improve margins, expansion of low-carbon offerings like biofuels and EV infrastructure, and efficiency gains through network divestments and integrated customer programs, aligning with broader downstream cash flow resilience. Gross investments totaled $1.19 billion in 2024, offset by $1.33 billion in divestments.

Integrated Power and Renewables

The Integrated Power segment of TotalEnergies encompasses from renewable and flexible sources, , trading activities, and the distribution of and gas to (B2B) and business-to-consumer (B2C) customers. This segment integrates renewable power production—primarily solar, wind, and —with dispatchable gas-fired to ensure grid reliability and balance intermittent supply, while leveraging trading to optimize market exposure. As of October 2025, the company reports approximately 32 GW of gross installed renewable capacity worldwide, equivalent to the output of about 15 nuclear reactors, supporting sales that have doubled since 2021 and now contribute nearly 10% of group EBITDA. TotalEnergies' renewable portfolio emphasizes utility-scale projects, with significant expansions in solar and . By the end of 2024, gross renewable capacity stood at 26 GW, including additions such as 1.5 GW from U.S. acquisitions like Danish, Cottonwood, and Hill projects, 1.3 GW in , and 0.3 GW from Taiwan's Yunlin offshore wind farm. In 2025, the company has pursued capital recycling by divesting 50% stakes in mature assets, such as a 604 MW wind, solar, and hydro portfolio in for strategic partnerships and a 1.4 GW solar portfolio in expected to yield $950 million post-refinancing, enabling reinvestment in higher-return developments while retaining operational control. This approach targets a 12% return on average capital employed (ROACE) for the segment by 2030, with positivity anticipated by 2028. To address renewable intermittency, TotalEnergies has integrated flexible gas-fired power, acquiring 1.5 GW of capacity in from TexGen in 2024 to serve the ERCOT grid, enhancing reliability for 27 million customers amid rising demand. Electricity trading and retail operations further support this model, with B2B and B2C sales focused on long-term power purchase agreements (PPAs) and direct supply to end-users, including recent closures of international renewable acquisitions to bolster integrated offerings. The strategy prioritizes economic viability over unsubstantiated expansion, limiting wholly owned renewable stakes to 50% in new projects to mitigate risks and align with overall goals of 35 GW gross renewable capacity by end-2025, scaling toward 100 GW long-term, with renewables electricity production targeted at 100-120 TWh by 2030.

Financial Performance and Strategy

TotalEnergies' adjusted net income for the full year 2024 stood at $18.3 billion, reflecting a decline from $21.4 billion in 2023, primarily driven by lower prices and a 44% drop in European margins amid softer market conditions. from operations reached $29.9 billion in 2024, supporting shareholder returns including a proposed increase of 7% to €3.22 per share for 2024, payable in 2025, consistent with the company's of progressive dividend growth. Adjusted EBITDA for 2024 was $39 billion, a 17.5% decrease from $47.2 billion in 2023, continuing a downward trend from the 2022 peak of approximately $60 billion influenced by elevated prices post-Ukraine invasion, while remaining substantially above the $14.8 billion low in 2020 amid demand collapse. The company's gearing ratio stayed below 10% entering 2025, bolstered by positive contributions and disciplined capital allocation, with net debt at levels enabling robust liquidity for investments and buybacks.
YearAdjusted Net Income ($B)EBITDA ($B)Cash Flow from Operations ($B)
2020~10 (IFRS basis)14.8Not specified
2022~36~60~50
202321.447.2~35
202418.339.029.9
These metrics underscore TotalEnergies' resilience through business diversification into LNG, power, and renewables, which offset upstream volatility; for instance, integrated LNG and power segments delivered positive contributions in Q4 despite overall sector pressures. Looking to 2025, management projects hydrocarbon production growth of 4% year-on-year to around 2.5 million barrels of equivalent per day, with streamlined capital expenditures targeting accretive projects amid projected at $70-80 per barrel and LNG prices around $8 per million British thermal units. Dividend policy maintains a 7% increase trajectory, prioritizing cash flow generation over $25 billion annually to fund returns exceeding 40% of adjusted .

Investment Allocations and Capital Returns

TotalEnergies maintains a disciplined capital allocation strategy emphasizing organic investments in high-return projects across its core segments, including exploration and production, integrated LNG, and integrated power, while divesting non-core assets to recycle capital. In 2024, the company recorded organic investments of $16.4 billion, with net investments reaching $17.8 billion after $4.6 billion in acquisitions and $3.2 billion in divestments; roughly two-thirds were directed toward and gas projects ($11.9 billion), and one-third toward low-carbon energies ($4.8 billion, including $3.9 billion in integrated power). For 2025, organic capital expenditures are guided at approximately $17 billion, with net investments of $17-17.5 billion, prioritizing accretive growth in upstream and gas, LNG expansion, and integrated power while maintaining flexibility to reduce spending by up to $1 billion in adverse market conditions. Looking ahead to 2026-2030, TotalEnergies plans annual net capital expenditures of $15-17 billion (starting at ~$16 billion in 2026), supported by a $7.5 billion savings program in capex and opex, with allocations balancing fossil fuels (aiming for 40% oil and 40% gas in the energy mix by 2030) and electricity generation (~20%, focused on renewables and flexible power). This approach includes selective upstream acquisitions (e.g., U.S. gas assets), farm-downs of up to 50% in renewable projects to optimize returns, and rationalization of refining capacities, ensuring investments yield returns above the cost of capital amid volatile energy prices. The company's capital returns policy targets distribution of more than 40% of cash flow from operations (CFFO) to shareholders through cycles, combining progressive dividends and share buybacks, achieving a 50% payout in 2024. In 2024, TotalEnergies distributed $7.7 billion in dividends (up 7% to €3.22 per share) and repurchased $8 billion in shares (equivalent to 121 million shares), supporting a return on average capital employed of 14.8%. For 2025, the firm intends to sustain quarterly buybacks of $2 billion (totaling ~$8 billion, assuming reasonable market conditions) alongside a proposed 7.6% dividend increase for the final installment, reinforcing shareholder value amid projected CFFO stability.

2025 Strategy Outlook and Production Goals

In its September 29, 2025, Strategy & Outlook presentation, TotalEnergies reaffirmed its multi-energy approach, emphasizing profitable growth across , gas, and while maintaining financial discipline through cost efficiencies and capital recycling. The company targets approximately 4% annual growth in total energy production ( plus ) from 2024 to 2030, driven by high-margin upstream projects and integrated LNG expansion, alongside selective low-carbon investments capped at around $4 billion annually. This outlook aligns with the ' September 24, 2025, confirmation of the strategy's two pillars: sustained production and /renewables development, amid expectations of strong fundamentals and normalized gas market volatility. For hydrocarbon production specifically, TotalEnergies projects over 3% growth in 2025, exceeding the company's longer-term average, primarily from startups in offshore U.S., Brazil, Angola, and Suriname, as well as LNG projects like Mozambique's Area 1 and U.S. Gulf of Mexico developments. This builds on 2024's production levels of approximately 2.8 million barrels of oil equivalent per day (boe/d), with gas representing a growing share through integrated value chains. Electricity production is slated for around 20% annual growth in 2025, contributing to the overall energy mix expansion and targeting 100-120 terawatt-hours per year by 2030, supported by solar, wind, and flexible gas-fired capacity. To underpin these goals, TotalEnergies anticipates $7.5 billion in savings from 2026-2030 via operational efficiencies, reducing net capital expenditures to $15-17 billion annually while prioritizing returns above 12% on equity for new projects. The also incorporates , with Scope 1 and 2 reductions targeted at 40% by 2030 from 2015 levels, though expansion remains central to generation amid projected global demand persistence. This balanced framework reflects TotalEnergies' positioning against peers, focusing on low-cost reserves and market-driven transitions rather than accelerated divestment of fossil assets.

Major Projects and Strategic Initiatives

Upstream Investments and Acquisitions

TotalEnergies has allocated significant capital to upstream activities, with net investments projected at $17-17.5 billion for 2025, emphasizing high-margin and gas projects to support a targeted 3% annual growth in production from 2024 to 2030. This strategy includes organic development in existing fields, such as FPSO upgrades in , , and , alongside selective acquisitions to expand reserves in prospective basins. In the United States, TotalEnergies enhanced its gas production portfolio to integrate with LNG operations. On September 27, 2024, it agreed to acquire a 45% interest in dry gas producing assets from Lewis Energy Group in the Eagle Ford shale, bolstering low-cost supply for export facilities. Subsequently, on September 29, 2025, the company signed a deal with for a 49% stake in assets in the , , further securing upstream feedstock amid rising LNG demand. Earlier in 2025, TotalEnergies acquired a 25% working interest in 40 Chevron-operated offshore blocks in the U.S. , covering 1,000 km² and targeting deepwater prospects 175-330 km offshore. Internationally, TotalEnergies expanded exploration acreage in . On June 27, 2025, it acquired a 25% interest in Block 53 offshore from Moeve (formerly CEPSA), adjacent to high-potential discoveries in the Guyana-Suriname basin, to pursue additional resource delineation. In , the company completed the acquisition of SapuraOMV Upstream on December 10, 4, acquiring 50% interests from both and Sapura Upstream Assets, gaining control of gas production in Malaysia's offshore fields. These moves align with final investment decisions (FIDs) on projects like Kaminho in , reinforcing production ramps in and .

Downstream and Midstream Developments

In 2025, TotalEnergies planned a major turnaround maintenance shutdown at its refinery complex, Europe's largest integrated and site with a capacity of approximately 340,000 barrels per day, scheduled for the second half of the year to enhance and upgrade equipment. This followed weaker downstream margins in 2024, with the company targeting restoration of cash flows in 2025 through improved utilization rates amid global market pressures. TotalEnergies also announced plans to permanently close one of its two steam crackers at the site by the end of 2027, citing the need to streamline operations in a low-margin environment for , while maintaining integrated refining-chemicals synergies. This decision aligns with broader industry trends of capacity rationalization, as European refining margins faced headwinds from oversupply and shifts. On the midstream front, TotalEnergies advanced the Gas Midstream Project (GMP) within Iraq's Gas Growth Integrated Project (GGIP), initiating construction in early 2025 to process up to 600 million cubic feet per day of associated gas, including compression, dehydration, and infrastructure to curb flaring and supply downstream power generation. The GMP forms part of the $27 billion GGIP initiative, aimed at monetizing Iraq's gas resources through gathering and treatment systems feeding into integrated facilities. Subsequent phases in September 2025 included launching construction of a seawater treatment plant and further Ratawi field developments to support reliability.

International Partnerships and Joint Ventures

TotalEnergies has pursued international joint ventures to mitigate risks, share capital expenditures, and access new reserves in upstream oil and gas sectors. In August 2025, a led by TotalEnergies, alongside and Société Nationale des Pétroles du Congo (SNPC), secured the Nzombo block offshore Congo-Brazzaville, targeting potential hydrocarbon discoveries in a geologically promising area. In , the company operates multiple (FPSO) units through joint arrangements, including partnerships that supported production from deepwater blocks as part of its 2025 strategy emphasizing low-equity models. These ventures often involve national oil companies, enabling TotalEnergies to leverage local expertise while limiting financial exposure. In the Middle East and , TotalEnergies deepened upstream collaborations to bolster its (LNG) and conventional production portfolios. As ADNOC's largest international partner in the UAE, TotalEnergies holds stakes in several concessions, contributing to output exceeding 1 million barrels of oil equivalent per day across joint operations focused on efficient . In June 2025, it signed a strategic cooperation agreement and farm-out deals with , acquiring interests in offshore blocks in and to expand gas exploration amid rising regional demand. In and , consortium-based LNG projects, including the restarted $20 billion initiative led by TotalEnergies in October 2025, involve equity-sharing with partners like and to accelerate final investment decisions post-security stabilization. The company has also formed joint ventures in renewables and low-carbon technologies to diversify internationally. In February 2024, TotalEnergies entered a 75/25 with Vantage Drilling International to own and operate the Tungsten Explorer , enhancing flexible capacity for global upstream campaigns at a cost of $199 million for its majority stake. For clean energy, partnerships include a July 2024 agreement with for the OranjeWind offshore wind farm in the and a September 2023 65/35 venture with European Energy for at least 4 gigawatts of onshore renewables across multiple European sites. In and , a February 2025 framework with and EPointZero targets clean energy deployment for local communities, while a May 2024 alliance with Cathay Capital and Dajia Insurance aims to develop 1.5 gigawatts of industrial solar capacity in . These arrangements reflect a strategy of partnering with specialized firms to scale technologies like , as seen in the April 2024 venture with Renewables for 10 U.S.-based dairy digester projects yielding 0.8 terawatt-hours annually.

Environmental Performance and Sustainability Claims

Safety Records and Incident Management

TotalEnergies reports a Total Recordable Incident Rate (TRIR) of below its 2024 target of 0.62 per million hours worked, reflecting ongoing reductions in workplace accidents across its operations. In 2023, the company achieved a TRIR meeting or below its target of 0.65, with all-personnel TRIR at 0.13 per 200,000 hours worked and employee-only at 0.10 per 200,000 hours worked. Fatalities remain a key metric, with two contractor fatalities in 2023 and one in 2024, following three in 2022; the company maintains a zero-fatality objective while emphasizing contractor integration.
YearFatalitiesKey Notes
20223All contractors; 263 total incidents reported.
20232Accident-related among contractors.
20241Ongoing progress noted, but incident occurred.
Major incidents include the 2012 Elgin platform gas leak in the , which released hydrocarbons for over seven weeks, necessitating evacuation of 238 personnel with no injuries but resulting in a £1.125 million fine for safety failings in 2015. In 2013, an at the refinery killed two contractors and injured others, prompting operational reviews. More recently, a 2023 crude of approximately 3,000 barrels occurred during loading at the Egina field off , contained without production disruption and deemed minimal impact by the company, though investigated by local authorities. A 2024 pipeline spill at the Donges refinery released oil into the River, leading to containment efforts and environmental monitoring. Incident management involves a global crisis system with on-call teams for major events, including the deployed at exploration sites for rapid response and . The company utilizes return-of-experience (REX) processes to analyze accidents, as highlighted in its 2024 World Day for Safety focus on lessons from past events to prevent recurrence. Specialized units like FOST handle spill responses with equipment and backup personnel, while annual targets drive reductions in events and losses of primary . These measures aim to mitigate inherent risks in upstream and operations, though external investigations, such as into the Tyra field gas spill, have identified procedural flaws requiring remediation.

Emissions Reductions and Operational Efficiency

TotalEnergies has committed to reducing its net Scope 1+2 by 40% by 2030 compared to 2015 levels, net of carbon offsets equivalent to 5-10 million tonnes of CO2 equivalent annually. The company reports achieving a 24% reduction in emissions across all operated sites in 2023 relative to 2015, with a 34% decline specifically in operated and gas production sites. For , TotalEnergies met its 50% reduction target versus 2020 levels in 2024, one year ahead of schedule, and exceeded its 2025 goal of a 55% cut, prompting an updated 2025 target of 60% reduction from operated facilities. In 2024, Scope 1+2 emissions intensity for upstream and gas activities on an equity basis fell to 17 kg CO2 equivalent per barrel. To support these reductions, TotalEnergies allocated $1 billion in investments from 2023 to 2025 aimed at lowering and achieving a 2 million CO2 equivalent emissions cut across operations. This includes deployment of technologies such as combined-cycle power generation, which enables up to 50% more electricity production from the same fuel volume compared to single-cycle systems, thereby enhancing and curbing flaring and venting. The company's 2025 targets encompass maintaining Scope 1+2 emissions below 37 million tonnes CO2 equivalent and reducing lifecycle carbon intensity of energy products by 17% since 2015. Operational efficiency initiatives underpin these environmental outcomes, with TotalEnergies maintaining operating costs below $5 per in 2024 while upholding a low-emissions profile in its and gas segment. Energy efficiency across facilities improved at an average rate of 1.4% annually from 2000 to 2023, driven by optimizations and upgrades that minimize and use without compromising output. Upstream Scope 1+2 intensity for and gas operations decreased to 18 kg CO2 equivalent per in 2023, reflecting targeted interventions like and advanced monitoring systems. These measures align with broader cost-control strategies, enabling sustained production growth amid emissions discipline.

Renewable Energy Deployments and Low-Carbon Investments

TotalEnergies has pursued renewable energy deployments primarily through solar photovoltaic (PV) and wind power projects, aiming to build a portfolio that supports its multi-energy strategy. As of March 2025, the company reported 28 gigawatts (GW) of gross installed renewable electricity generation capacity, comprising onshore and offshore wind, solar, and distributed generation assets. This capacity contributed to over 20 terawatt-hours (TWh) of renewable electricity production in 2024, with targets set for expansion to 35 GW by the end of 2025 and 100 GW by 2030, positioning the company among the top global producers of wind and solar electricity. However, in September 2025, TotalEnergies announced adjustments to its investment plans, including a reduction in low-carbon spending by approximately $500 million for 2025 amid a 26% drop in net profits for 2024, while maintaining a diversified portfolio that balances renewables with other energy sources. Key solar deployments include utility-scale projects in North America and Europe. In September 2025, TotalEnergies divested a 50% stake in a 1.4 GW North American solar portfolio, which encompassed six utility-scale assets totaling 1.3 GW and 41 distributed generation sites adding 140 megawatts (MW), to funds managed by Norges Bank Investment Management, retaining operational control while monetizing assets for reinvestment. The company operates or develops around 25 GW of solar and wind projects in the United States, often integrated with battery storage and trading capabilities. In France, TotalEnergies sold a 50% stake in a 270 MW portfolio of wind and solar assets to infrastructure funds in September 2025, generating €155 million to fund further low-carbon initiatives. Wind power efforts emphasize both onshore and offshore developments. TotalEnergies secured a bid in September 2025 to develop France's largest project, an offshore wind farm expected to reach final decision by early 2029, with commissioning anticipated thereafter to supply over one million homes. Another offshore wind initiative, highlighted in company statements, involves a €4.5 billion to deliver green electricity to more than one million households. Onshore wind projects contribute to the expansion, where recent transactions in July 2025 advanced toward the 35 GW target, including partnerships for utility-scale solar and storage. Low-carbon investments extend beyond renewables to include , , and emerging technologies like carbon capture, utilization, and storage (CCUS). Since 2020, TotalEnergies has allocated over €20 billion globally to low-carbon energies, with €4 billion invested in alone, supporting integrated power generation and low-carbon molecules such as and biomethane. For 2026, planned investments total $16 billion company-wide, with $4 billion directed to low-carbon segments, primarily integrated power and sustainable aviation fuels. These efforts aim to boost overall production to more than 100 TWh by 2030, though recent strategic shifts, including expanded partnerships like the July 2025 deal with AES for renewables and LNG, reflect a pragmatic approach prioritizing returns amid volatile energy markets.

Controversies and Stakeholder Disputes

In October 2025, the Paris Judicial Court ruled that TotalEnergies had engaged in misleading commercial practices by overstating its climate commitments on its French website, marking the first conviction of a company under France's anti-greenwashing provisions. The case, initiated in March 2022 by environmental NGOs , France Nature Environnement, and Zeroafos, centered on statements portraying the company as a "major player in the " and claiming an "ambition to achieve carbon neutrality" without sufficient qualifiers on scope or feasibility given its dominant operations. The court determined these assertions created a deceptive impression of comprehensive environmental progress, as TotalEnergies' Scope 3 emissions—primarily from end-use of its oil and gas products—remain unaddressed in the claims and constitute the bulk of its footprint. The ruling ordered TotalEnergies to remove the contested statements within one month or face a €10,000 daily fine, and to publish the decision prominently on its homepage for six months. The company was also required to pay €8,000 in damages to each of the three NGOs. However, the rejected additional claims that TotalEnergies misled consumers by promoting fossil gas and biofuels as low-carbon solutions, finding insufficient evidence of deception in those promotions. Prior to this verdict, TotalEnergies faced multiple greenwashing complaints across , including a 2021 petition by 13 Dutch NGOs accusing the company of in its sustainability reports and campaigns that highlighted renewables while downplaying upstream oil expansion. No binding rulings emerged from those Dutch actions, though they prompted regulatory scrutiny. In , earlier 2022 complaints by similar groups targeted billboard ads and annual reports for implying equivalence between and renewable investments, but these did not advance to court until the 2022 lawsuit consolidated broader website claims. Critics, including the plaintiff NGOs, argue such practices systematically understate the causal persistence of dependency in TotalEnergies' , where oil and gas accounted for over 80% of 2024 production despite renewable targets. TotalEnergies has maintained that its disclosures align with regulatory standards and investor expectations, emphasizing verifiable Scope 1 and 2 reduction goals by 2050.

Human Rights and Community Relations Issues

TotalEnergies has faced allegations of abuses and strained community relations primarily in its East African oil and gas projects, including the Tilenga oilfield in and the (EACOP) extending to . reported in July 2023 that over 100,000 people in and would permanently lose land for these developments, with communities citing inadequate compensation, loss of livelihoods, and insufficient consultation processes. documented in December 2023 instances where TotalEnergies representatives, contractors, and partners allegedly pressured residents into accepting substandard compensation packages, alongside reports of intimidation against land defenders. A report from December 2023 highlighted claims by affected communities in and of coercion and threats by TotalEnergies personnel to secure project approvals. In response, TotalEnergies CEO defended the projects in May 2025, asserting compliance with international standards and rejecting abuse claims during an . A UN special rapporteur on defenders urged TotalEnergies in May 2025 to address these allegations urgently, citing risks to local populations from displacement and . In specifically, TotalEnergies' oil exploration activities have been linked to flooding-induced displacements, with over 30 families in Kasinyi village, Buliisa district, affected as of October 2024 due to altered water flows from infrastructure works. Broader African community protests in August 2025 targeted TotalEnergies operations for , river contamination, forced relocations, and increased human-wildlife conflicts, drawing participants from multiple countries including . Germany's Union Investment divested from TotalEnergies in May 2025, citing unaddressed risks in these East African initiatives and demanding an independent audit. The (LNG) project in has similarly drawn scrutiny for exacerbating a amid , with reports of community displacement and violence since operations began. TotalEnergies suspended the $20 billion project in 2021 due to threats but announced preparations for restart in September 2025, despite ongoing allegations of linked abuses including involuntary under investigation by French prosecutors as of early 2025. In March 2025, TotalEnergies responded to claims of violations at its Afungi site by emphasizing adherence to UN Guiding Principles on Business and and cooperation with local authorities. Over 120 NGOs petitioned financiers in January 2025 to withdraw support, arguing the project ignores community impacts and false environmental assurances. Elsewhere, TotalEnergies' carbon offset initiatives in the have been accused of displacing local farmers from traditional lands since 2023, as the company offsets emissions through forest preservation schemes that restrict access. A People's Tribunal convened by African communities and in August 2025 sought accountability for these and other operations, framing them as patterns of environmental harm and infringements. TotalEnergies maintains that its projects include community benefit programs, such as local hiring priorities in and , though critics contend these fail to mitigate broader displacement effects. These disputes underscore tensions between resource extraction economics and local , with empirical from independent monitors like providing verifiable accounts of affected households, while company defenses rely on self-reported compliance metrics.

Geopolitical and Regulatory Challenges

TotalEnergies has faced significant geopolitical risks stemming from its investments in , particularly its 20% stake in the project operated by , which became contentious following 's 2022 invasion of . The company suspended new investments and board participation in Russian assets, ceased purchasing Russian and products by December 31, 2022, and booked impairment charges, but retained its Yamal stake amid limited Western sanctions on LNG exports. In September 2025, CEO indicated that an ban on Russian LNG would prompt redirection of cargoes under , highlighting ongoing exposure to sanctions escalation and European debates. Despite activist pressure for full , TotalEnergies continued importing Russian LNG into , contributing to 21% of such volumes evading broader independence goals by 2027. In , TotalEnergies' $20 billion Mozambique LNG project in has been repeatedly disrupted by an Islamist since 2017, leading to a force majeure declaration and suspension of operations in March 2021 after attacks killed over 800 people, including contractors. As of September 2025, the company prepared for a phased restart targeting August 2025, but jihadist attacks displaced 59,000 residents in July 2025 and raised security dilemmas, with allegations that resource extraction exacerbated local grievances and fueled conflict. Non-profits have sued claiming the project stokes through unequal benefits and inadequate community safeguards, while UN calls for probes into security force abuses at sites underscore risks tied to operational continuity. Regulatory challenges have intensified under the European Union's push for , with TotalEnergies opposing the Due Diligence Directive in a October 2025 letter co-signed with , arguing it imposes excessive burdens threatening competitiveness without advancing climate goals. In , a court ruled on October 23, 2025, that TotalEnergies engaged in misleading commercial practices via 2021 advertisements overstating net-zero ambitions, ordering removal of claims within one month and €8,000 payments to suing NGOs, marking the first under anti-greenwashing laws despite the company's evidence of renewable investments. Similar scrutiny arose in , where regulators in August 2024 deemed sustainability claims in ads misleading, reflecting broader pressures from evolving disclosure mandates and litigation risks in jurisdictions prioritizing rapid decarbonization over viability.

Responses and Empirical Defenses Against Criticisms

TotalEnergies counters environmental criticisms by citing measurable progress in emissions reductions and low-carbon transitions, arguing that its actions align with long-term net-zero ambitions despite ongoing fossil fuel operations. In response to the October 23, 2025, French court ruling deeming certain 2021 advertising claims about carbon neutrality by 2050 as misleading, the company acknowledged the decision without appeal, emphasized that the court dismissed most allegations including those on biofuels and natural gas, and committed to adjusting website statements within the mandated timeframe to avoid daily fines of €10,000. Independent verification challenges some self-reported metrics, but TotalEnergies points to third-party audited data showing a 34% reduction in Scope 1 and 2 emissions from operated oil and gas facilities versus 2015 baselines as of 2023, alongside a 47% drop in methane emissions from operated facilities compared to 2020 levels. These efforts contributed to a 16.5% decline in the lifecycle carbon intensity of its sold energy products by 2024 relative to 2015. The company defends its sustainability claims through substantial capital allocation to renewables, allocating $4.8 billion of its $17.8 billion total 2024 investments to low-carbon energy, primarily integrated power generation. This supported expansion of gross renewable electricity capacity to over 26 GW by end-2024, up from 22 GW the prior year, encompassing solar, wind, and biomethane projects that reached 1.2 TWh equivalent annual production. TotalEnergies maintains that such deployments, including LNG sales avoiding an estimated 70 million tonnes of CO2 equivalent globally in 2023 by displacing coal, demonstrate pragmatic energy transition contributions amid rising global demand, countering accusations of insufficient pace by benchmarking against net-zero scenarios requiring tripling renewable infrastructure investments by 2050. In addressing safety critiques tied to past incidents, TotalEnergies highlights operational enhancements and cultural shifts, positioning as a non-negotiable core value with formalized policies and annual World Day for Safety initiatives focused on learning from accidents. It reports near-miss anomaly disclosures rising 53% to nearly 1.15 million in 2023, fostering proactive , and received a three-star top safety rating—the first for a private-sector firm—under a industry scheme in July 2023. Empirical tracking via total recordable rate (TRIR) metrics, though not publicly detailed annually, underpins claims of sustained improvement through contractor-inclusive reporting and technological upgrades like OT network enhancements for cyber-physical resilience. On human rights and community disputes, TotalEnergies employs a structured framework aligned with UN Guiding Principles, including a dedicated internal , employee programs, and site-specific responses to allegations. In the Mozambique LNG project, it addressed claims of violations by coordinating security, environmental, and societal teams for impact mitigation, while in Uganda-Tanzania operations, it engaged and leveraged influence on governments to protect defenders' rights. The company ranked 23rd overall in the 2023 Corporate Human Rights Benchmark for extractives, with strengths in policy commitments and water at sensitive sites, arguing these outperform peers despite persistent NGO reports of gaps in .

Economic Contributions and Broader Impact

Employment Generation and Supply Chain Effects

TotalEnergies employs 102,887 people worldwide as of December 31, 2024, operating across approximately 120 countries with a comprising over 170 nationalities. This direct supports diverse roles in upstream , , , and emerging low-carbon activities, with more than 10,000 positions dedicated to renewables and initiatives as of 2024. The 's recruitment efforts include 2,300 permanent and fixed-term hires in alone during 2024, alongside 2,400 work-study positions, contributing to sustained job growth amid its multi-energy strategy. Beyond direct hires, TotalEnergies' operations generate substantial indirect employment through its and project-related , with activities estimated to support hundreds of thousands of jobs globally via suppliers, contractors, and local service providers. In 2024, the company expended approximately €31 billion on from over 100,000 suppliers, fostering economic multipliers in upstream value chains (e.g., and logistics) and downstream networks (e.g., distributors and service stations). Local content policies prioritize domestic hiring and vendor engagement, as evidenced by the (EACOP) and Tilenga projects in and , which created 20,000 direct jobs by late 2024—including 13,300 for Ugandans and 6,700 for Tanzanians—while projecting up to 78,000 total positions during peak construction and ongoing indirect roles in operations. Similarly, the GranMorgu development in anticipates over 6,000 direct, indirect, and induced jobs through $1–1.5 billion in local spending over the project lifecycle. These effects extend to broader economic ripple impacts, including training and for firms, which enhance long-term and reduce reliance on labor. For instance, select development initiatives target nearly 18,000 direct jobs and 60,000 indirect positions, amplifying regional GDP via from small and medium enterprises. TotalEnergies conducts over 600 supplier audits since 2023 and assesses 76% of priority vendors for compliance, ensuring stability while mitigating risks that could disrupt job continuity. Such practices, rooted in contractual requirements for hiring quotas and skill transfer, demonstrably correlate with increased fiscal contributions—$22 billion in taxes paid in 2024—further enabling host economies to fund public employment.

Role in Energy Security and National Economies

TotalEnergies enhances European energy security through its (LNG) operations, which have supported diversification from Russian pipeline supplies amid geopolitical disruptions. As the leading exporter of U.S. LNG since 2021, the company ships over 10 million tons annually to global destinations, including , helping to offset reduced Russian imports following the 2022 invasion. TotalEnergies has indicated that expanding LNG capacity will enable the to fully replace Russian gas by 2027, aligning with EU strategies to reduce dependency while maintaining supply reliability. , including LNG, serves as a transitional to ensure stable power generation during the shift to lower-carbon sources, with TotalEnergies emphasizing its role in building resilient multi-energy systems. In , TotalEnergies bolsters national energy infrastructure via targeted investments that address both immediate needs and long-term diversification. Since 2020, the company has committed €8 billion to French projects, including €4 billion in low-carbon initiatives such as renewables. In September 2025, it secured the contract to develop Centre Manche 2, France's largest offshore wind farm with 1.5 GW capacity off , involving €4.5 billion in investment to expand domestic renewable production and reduce import reliance. These efforts integrate with France's broader , prioritizing European-sourced components and local economic multipliers to fortify sovereignty over energy supplies. The company's fiscal contributions underpin national economies by funding public expenditures and . In , TotalEnergies remits €1.6 to €1.9 billion annually in taxes, contributions, and withholdings to the state budget. Globally, it projects $30 billion in total taxes and production levies for a recent , with historical payments to governments reaching $15 billion in 2021 alone from extractive activities. In emerging markets, major projects like the $20 billion Mozambique LNG initiative, approved for restart in October 2025, drive development and generation for host nations. Such investments, including a $27 billion deal in signed in 2023, exemplify TotalEnergies' role in fostering through resource extraction and access in resource-dependent economies.

Innovations in Energy Technology and Accessibility

TotalEnergies has developed the DIESTA air cooling technology for liquefied natural gas (LNG) facilities, enhancing environmental performance and reducing costs through improved efficiency, contributing to a 9% overall energy efficiency gain in upstream operations since 2010. The company launched the One Tech initiative in September 2021, consolidating 3,400 engineers and scientists to drive integrated innovations across oil, gas, and renewable energies, including advanced reservoir modeling and subsurface imaging for higher recovery rates with lower emissions. In emissions detection, TotalEnergies introduced AUSEA technology, which quantifies methane and carbon dioxide leaks with high precision, enabling targeted reductions in operational venting. In low-carbon technologies, TotalEnergies operates pilot units at its Leuna refinery in for carbon capture and usage (CCU), converting captured CO₂ and into sustainable via synthesis, achieving approximately 30% energy efficiency improvements over traditional processes. The firm established a Digital Factory in 2020, employing up to 300 data scientists to optimize industrial operations, customer , and environmental impacts through AI-driven analytics. Collaborations, such as with Mistral AI announced in June 2025, apply generative AI to accelerate deployment and reductions. In renewables, TotalEnergies inaugurated a hybrid wind-solar power plant pilot in in October 2024, integrating intermittent sources for stable output, and invests in battery-based to support grid flexibility. To enhance energy accessibility, TotalEnergies' Access to Energy program, initiated in 2011, distributed 5.7 million solar lamps by the end of 2024, reaching 26 million in off-grid regions and surpassing its 25 million target for 2025. The program deploys innovations like solar home systems, mini-grids, and solutions to provide reliable in and , supported by a $500 million joint investment with , , and Shell for infrastructure in underserved areas. For clean cooking, TotalEnergies invests $400 million in (LPG) facilities, including "pay-as-you-cook" digital payment models, aiming to serve 100 million in and by 2030 and reducing reliance on inefficient fuels. These efforts leverage scalable technologies such as photovoltaic modules and e-mobility to lower barriers to modern in developing economies.

References

  1. https://totalenergies.com/company/identity/history
  2. https://totalenergies.com/media/news/press-releases/total-transforming-and-becoming-totalenergies
  3. https://totalenergies.com/company/identity/totalenergies-at-a-glance
  4. https://www.globaldata.com/company-profile/total-se/analysis/
  5. https://totalenergies.com/media/news/press-releases/totals-board-directors-elects-patrick-pouyanne-chairman-and-chief-executive-officer-and-appoints
  6. https://totalenergies.com/news/press-releases/fourth-quarter-and-full-year-2024-results
  7. https://totalenergies.com/news/press-releases/2025-strategy-and-outlook-presentation
  8. https://totalenergies.com/system/files/documents/totalenergies_sustainability-climate-2025-progress-report_2025_en.pdf
  9. https://uk.finance.yahoo.com/news/french-court-convicts-totalenergies-over-111939758.html
  10. https://energynews.pro/en/french-court-dismisses-lawsuit-against-totalenergies-over-climate-crisis/
  11. https://corporate.totalenergies.us/news/march-28-1924-totalenergies-100
  12. https://www.companieshistory.com/total-energies/
  13. https://www.encyclopedia.com/books/politics-and-business-magazines/total-compagnie-francaise-des-p
  14. https://totalenergies.com/company/identity/history/pioneers-hundred-years
  15. https://geoexpro.com/once-upon-a-red-line-the-iraq-petroleum-company-story/
  16. https://history.state.gov/milestones/1921-1936/red-line
  17. https://www.encyclopedia.com/books/politics-and-business-magazines/total-sa
  18. https://totalenergies.com/media/news/press-releases/le-bassin-gazier-de-lacq-une-reconversion-industrielle-exemplaire
  19. https://www.aapg.org/news-and-media/details/explorer/articleid/63253/exploration-adventures-in-frances-aquitaine-basin
  20. https://www.reuters.com/business/sustainable-business/total-shareholders-back-rebrand-totalenergies-ceo-2021-05-28/
  21. https://www.britannica.com/money/Total-SA
  22. https://www.wsj.com/articles/SB912557315576796000
  23. https://www.politico.eu/article/total-petrofina-merger-likely-to-get-commission-go-ahead/
  24. https://www.theguardian.com/business/1999/sep/14/5
  25. http://news.bbc.co.uk/2/hi/business/445868.stm
  26. https://competition-cases.ec.europa.eu/cases/M.1628
  27. https://www.ogj.com/home/article/17215887/totalfina-elf-merger-completed-firm-renamed
  28. https://www.sec.gov/Archives/edgar/data/879764/000095012304007119/y00799e20vf.htm
  29. https://totalenergies.com/news/press-releases/2021-strategy-outlook-presentation
  30. https://totalenergies.com/system/files/documents/2021-02/results_q4_2020_en.pdf
  31. https://www.sec.gov/Archives/edgar/data/879764/000110465921074502/tm2117620d1_ex99-13.htm
  32. https://www.grapheine.com/en/logo-news/total-new-faded-logo-becoming-totalenergies
  33. https://totalenergies.com/company/approach/strategy
  34. https://totalenergies.com/energy-transition
  35. https://totalenergies.com/system/files/documents/2023-12/EN_TotalEnergies_Strategy_Sustainability_and_Climate_presentation.pdf
  36. https://totalenergies.com.ar/en/news/strategy-sustainability-climate-presentation-totalenergies-reports-progress-made-2021-and
  37. https://totalenergies.com/system/files/documents/totalenergies_pr-totalenergies-2025-strategy-outlook-presentation_2025_en.pdf
  38. https://energynews.pro/en/ceo-of-totalenergies-a-reasoned-energy-transition-in-the-face-of-climate-challenges/
  39. https://totalenergies.com/news/news/climate-conversation-patrick-pouyanne
  40. https://totalenergies.com/news/press-releases/clarification-by-totalEnergies
  41. https://www.climateinthecourts.com/totalenergies-misled-consumers-court-rules-in-historic-greenwashing-judgment/
  42. https://reclaimfinance.org/site/wp-content/uploads/2023/10/Assessment-of-TotalEnergies-Climate-Plan.pdf
  43. https://totalenergies.com/company/identity/governance/general-management
  44. https://totalenergies.com/company/identity/governance/patrick-pouyanne
  45. https://www.rigzone.com/news/pouyanne_reappointed_as_totalenergies_ceo-27-may-2024-176867-article/
  46. https://totalenergies.com/company/identity/governance/executive-committee-performance
  47. https://totalenergies.com/news/press-releases/appointments-executive-committee-totalenergies
  48. https://totalenergies.com/sites/g/files/nytnzq121/files/documents/totalenergies_TotalEnergies-Strategy-and-Outlook-transcript_2025.pdf
  49. https://www.investegate.co.uk/announcement/bzw/totalenergies-se--tte/appointment-to-the-executive-committee-of-total-/6771493
  50. https://totalenergies.com/investor-relations-department
  51. https://www.linkedin.com/company/totalenergies/
  52. https://corporate.totalenergies.us/contact
  53. https://totalenergies.com/company/strength/deep-geographic-roots
  54. https://ts.totalenergies.com/our-offices/
  55. https://in.marketscreener.com/quote/stock/TOTALENERGIES-SE-39742643/company-group/
  56. https://totalenergies.com/company
  57. https://totalenergies.com/company/identity/governance/board-of-directors
  58. https://www.ethicsandboards.com/companies/22489-totalenergies-se
  59. https://simplywall.st/stocks/us/energy/nyse-tte/totalenergies/management
  60. https://uk.marketscreener.com/quote/stock/TOTALENERGIES-SE-50911386/company-governance/
  61. https://journal-des-actionnaires.totalenergies.com/77-en/doc/article/15/
  62. https://www.marketscreener.com/quote/stock/TOTALENERGIES-SE-4717/company/
  63. https://simplywall.st/stocks/at/energy/vie-fp/totalenergies-shares/ownership
  64. https://totalenergies.com/news/press-releases/board-directors-totalenergies-confirms-relevance-and-progress-companys-strategy
  65. https://journal-des-actionnaires.totalenergies.com/77-en/doc/article/17/
  66. https://totalenergies.com/sites/g/files/nytnzq121/files/documents/2021-08/shareholder_guide_totalenergies_2021.pdf
  67. https://www.sec.gov/Archives/edgar/data/879764/000110465922037947/tot-20211231xex2d2.htm
  68. https://totalenergies.com/news/press-releases/convening-annual-shareholders-meeting-may-23-2025
  69. https://reclaimfinance.org/site/en/2025/09/29/which-investors-refuse-to-support-totalenergies/
  70. https://totalenergies.com/company/energy-expertise/explore-produce/oil-gas/renowed-expertise-oil-and-gas-production-lng-deep-offshore
  71. https://totalenergies.com/investors/main-indicators
  72. https://totalenergies.com/system/files/documents/totalenergies_2024_Results_and_2025_Objectives_presentation.pdf
  73. https://www.statista.com/statistics/307911/proved-reserves-by-region-total-sa/
  74. https://ep-ataglance2023.publispeak.com/en/article/1/
  75. https://ep-ataglance2023.publispeak.com/en/article/16/
  76. https://www.upstreamonline.com/exploration/totalenergies-eyes-fresh-project-in-suriname-after-entering-new-block/2-1-1839041
  77. https://www.worldoil.com/news/2025/1/19/eni-totalenergies-announce-new-exploration-projects-in-libya/
  78. https://corporate.totalenergies.us/our-oil-activities-us
  79. https://totalenergies.com/company/energy-expertise/explore-produce/oil-gas/our-ambition-oil-and-gas
  80. https://totalenergies.com/company/projects
  81. https://totalenergies.com/sites/g/files/nytnzq121/files/documents/totalenergies_strategy-and-outlook-presentation_2025.pdf
  82. https://totalenergies.com/company/ambition/multi-energy-offer/natural-gaz
  83. https://totalenergies.com/system/files/documents/2022-09/TotalEnergies_2022_Strategy_and_Outlook_LNG_focus_presentation.pdf
  84. https://corporate.totalenergies.us/totalenergies-largest-exporter-us-liquefied-natural-gas-lng
  85. https://totalenergies.com/news/press-releases/united-states-totalenergies-pursues-its-gas-value-chain-integration-acquiring
  86. https://totalenergies.com/infographics/totalenergies-integrated-global-lng-player
  87. https://totalenergies.com/sites/g/files/nytnzq121/files/documents/totalenergies_factbook-2024_2025_en.pdf
  88. https://totalenergies.com/company/projects/oil/normandie-refining-petrochemical-platform-france
  89. https://totalenergies.com/company/projects/biomass-biogas/la-mede-biorefinery-platform-france
  90. https://totalenergies.com/company/energy-expertise/transform-develop/refining-petrochemicals
  91. https://corporate.totalenergies.us/port-arthur-platform
  92. https://totalenergies.com/company/projects/oil/satorp-refining-petrochemical-platform-saudi-arabia
  93. https://www.ogj.com/refining-processing/refining/operations/article/55284951/totalenergies-to-shutter-ethylene-unit-at-antwerp-platform
  94. https://totalenergies.com/company/projects/oil/port-arthur-refining-petrochemical-platform-usa
  95. https://totalenergies.com/company/projects/oil/daesan-refining-petrochemical-platform-korea
  96. https://www.plasticstoday.com/packaging/totalenergies-targets-1-million-tons-of-circular-polymers-by-2030
  97. https://totalenergies.com/system/files/documents/totalenergies_pr-results-q4-2024_2025_en.pdf
  98. https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/031623-totalenergies-sells-its-retail-fuel-networks-in-germany-netherlands
  99. https://totalenergies.com/news/press-releases/brazil-totalenergies-sells-its-fuel-distribution-activities-sim-distribuidora
  100. https://totalenergies.com/media/news/press-releases/service-stations-europe-totalenergies-closes-its-deals-alimentation
  101. https://totalenergies.rs/en/advice-proposals/ehow/differences-between-mineral-synthetic-and-synthetic-based-engine-oil
  102. https://finance.yahoo.com/quote/TTE.PA/profile/
  103. https://www.woodmac.com/news/opinion/power-moves-totalenergies-integrated-power-strategy-assessed/
  104. https://corporate.totalenergies.us/news/totalenergies-closes-acquisitions-renewable-portfolios-alberta-strengthening-our-integrated
  105. https://totalenergies.com/news/press-releases/line-its-business-model-totalenergies-selling-50-portfolio-renewable-assets
  106. https://totalenergies.com/news/press-releases/renewables-totalenergies-divests-50-14-gw-solar-portfolio-north-america
  107. https://totalenergies.com/features/totalenergies-and-united-states-multi-energy-story
  108. https://corporate.totalenergies.us/deploying-our-flexible-power-and-integration-strategy-us
  109. https://totalenergies.com/news/press-releases/integrated-power-totalenergies-closes-three-international-acquisitions
  110. https://corporate.totalenergies.us/news/integrated-power-renewables-totalenergies-implements-its-strategy-capital-recycling
  111. https://solar.totalenergies.us/global-renewable-energy-leadership/
  112. https://www.macrotrends.net/stocks/charts/TTE/totalenergies-se/ebitda
  113. https://live.euronext.com/en/products/equities/company-news/2025-01-16-totalenergies-fourth-quarter-2024-main-indicators
  114. https://www.macrotrends.net/stocks/charts/TTE/totalenergies-se/net-income
  115. https://finance.yahoo.com/news/totalenergies-se-fourth-quarter-full-071500262.html
  116. https://financialpost.com/pmn/business-pmn/totalenergies-shrugs-off-weaker-profits-by-lifting-dividend-maintaining-buybacks
  117. https://finance.yahoo.com/news/totalenergies-se-2025-strategy-outlook-125100759.html
  118. https://chemxplore.com/news/totalenergies-2025-strategy-and-outlook-presentation
  119. https://totalenergies.com/news/press-releases/usa-totalenergies-enhances-gas-value-chain-integration-acquiring-producing
  120. https://corporate.totalenergies.us/news/totalenergies-pursues-its-gas-value-chain-integration-acquiring-producing-assets-anadarko
  121. https://corporate.totalenergies.us/news/totalenergies-enters-40-chevron-operated-exploration-blocks-building-successful-us-offshore
  122. https://totalenergies.com/news/press-releases/suriname-totalenergies-acquires-25-interest-block-53
  123. https://totalenergies.com/news/press-releases/malaysia-totalenergies-completes-acquisition-upstream-gas-assets-sapuraomv
  124. https://www.bloomberg.com/news/articles/2024-10-18/total-plans-major-halt-at-its-biggest-european-refinery-in-2025
  125. https://www.rigzone.com/news/wire/total_plans_major_halt_at_its_biggest_european_refinery_in_2025-19-oct-2024-178477-article/
  126. https://www.argusmedia.com/en/news-and-insights/latest-market-news/2680469-totalenergies-plans-antwerp-cracker-closure
  127. https://www.reuters.com/markets/commodities/global-diesel-prices-rely-refinery-closures-support-2025-2024-12-12/
  128. https://totalenergies.com/news/press-releases/iraq-totalenergies-launches-construction-final-two-major-projects-ggip
  129. https://worldoil.com/news/2025/9/15/totalenergies-launches-final-phase-for-iraq-s-ggip-development/
  130. https://www.argusmedia.com/en/news-and-insights/latest-market-news/2731866-totalenergies-launches-final-phase-of-iraq-mega-project
  131. https://www.upstreamonline.com/exploration/totalenergies-qatarenergy-and-snpc-jv-win-promising-block-offshore-congo-brazzaville/2-1-1865003
  132. https://corporate.totalenergies.ae/en/totalenergies-uae
  133. https://www.euro-petrole.com/petronas-and-totalenergies-expand-longstanding-upstream-collaboration-n-i-28594
  134. https://www.wvnews.com/news/around_the_web/partners/totalenergies-approves-restart-of-20-bn-mozambique-gas-project/article_a8f562c9-d066-5bb5-9a3d-5342accfe6d7.html
  135. https://totalenergies.com/media/news/press-releases/totalenergies-and-vantage-enter-7525-joint-venture-owning-tungsten
  136. https://www.rwe.com/en/press/rwe-offshore-wind-gmbh/2024-07-24-totalenergies-and-rwe-join-forces-to-implement-oranjewind-project/
  137. https://totalenergies.com/news/press-releases/totalenergies-and-european-energy-partner-renewable-projects-multiple
  138. https://totalenergies.com/news/press-releases/totalenergies-masdar-and-epointzero-sign-framework-action-drive-clean-energy
  139. https://www.cathaycapital.com/totalenergies-cathay-and-dajia-insurance-join-forces-to-invest-and-operate-1-5-gw-of-solar-power-capacity-for-industrial-customers-in-china/
  140. https://totalenergies.com/news/press-releases/totalenergies-and-vanguard-renewables-portfolio-company-blackrocks-diversified
  141. https://totalenergies.com/sustainability/people-well-being/health-and-safety
  142. https://totalenergies.com/sites/g/files/nytnzq121/files/documents/totalenergies_reporting-sasb-2023_2024_en_pdf.pdf
  143. https://totalenergies.com/system/files/documents/2024-03/totalenergies_sustainability-climate-2024-progress-report_2024_en_pdf.pdf
  144. https://app.impaakt.com/analyses/in-fy2022-total-energies-recorded-263-workplace-incidents-176-lost-time-injuries-and-3-fatalities-161406
  145. https://www.bbc.com/news/uk-scotland-north-east-orkney-shetland-35159351
  146. https://totalenergies.com/media/news/news/20131119-fatal-accident-antwerp-platform
  147. https://maritime-executive.com/article/nigeria-reports-3-000-barrel-spill-from-total-s-egina-fpso
  148. https://www.reuters.com/world/africa/oil-spill-off-nigerias-egina-field-under-control-agency-says-2023-11-22/
  149. https://energynews.pro/en/oil-spill-at-donges-totalenergies-mobilizes-to-contain-pollution-in-the-loire/
  150. https://totalenergies.com/sites/g/files/nytnzq121/files/documents/2022-04/vigilance-plan_cr-mise-en-oeuvre_en.pdf
  151. https://totalenergies.com/news/news/world-day-safety-2024-learning-lessons-our-experiences-improve-safety
  152. https://fost.totalenergies.com/en/emergency-response-0
  153. https://energywatch.com/EnergyNews/Oil___Gas/article18287386.ece
  154. https://totalenergies.com/sustainability/climate-and-sustainable-energy/reducing-our-emissions
  155. https://totalenergies.com/system/files/documents/totalenergies_sustainability-climate-2025-progress-report-presentation_2025_en.pdf
  156. https://corporate.totalenergies.us/news/totalenergies-publishes-its-sustainability-climate-2025-progress-report-and-further
  157. https://totalenergies.com/news/news/energy-outlook-2024-totalenergies-sets-out-its-vision-energy-transition-2050
  158. https://totalenergies.com/system/files/documents/totalenergies_pr-totalenergies-expands-partnership-with-AES-from-LNG-to-renewable-energy_2025_en.pdf
  159. https://energynews.pro/en/totalenergies-reduces-low-carbon-investments-despite-solid-profits/
  160. https://www.reuters.com/sustainability/climate-energy/totalenergies-sells-stake-french-renewable-portfolio-155-million-2025-09-30/
  161. https://www.esgtoday.com/totalenergies-wins-bid-to-build-frances-largest-ever-renewable-energy-project/
  162. https://www.offshore-energy.biz/totalenergies-spotlights-20b-poured-into-low-carbon-progress-since-2020-amid-legal-scrutiny/
  163. https://sustainabilitymag.com/news/how-totalenergies-is-growing-its-caribbean-renewables-stake
  164. https://totalenergies.com/company/ambition/disciplined-sustainable-investments
  165. https://www.reuters.com/sustainability/boards-policy-regulation/french-court-rules-totalenergies-misled-consumers-with-carbon-neutrality-claims-2025-10-23/
  166. https://www.esgtoday.com/french-court-rules-totalenergies-misled-consumers-with-climate-claims/
  167. https://www.ft.com/content/8279b925-fcce-4b1f-8803-8eeed0b95595
  168. https://www.theguardian.com/environment/2025/oct/23/oil-firm-totalenergies-made-misleading-green-statements-court-rules
  169. https://www.clientearth.org/latest/news/we-re-joining-legal-action-against-total-for-greenwashing/
  170. https://www.lemonde.fr/en/environment/article/2025/10/23/french-court-convicts-totalenergies-of-greenwashing-over-climate-claims_6746710_114.html
  171. https://www.amisdelaterre.org/communique-presse/total-condemned-for-greenwashing-a-major-legal-precedent-against-climate-misinformation-by-oil-majors/
  172. https://www.france24.com/en/business/20251023-french-court-rules-totalenergies-misled-consumers-in-greenwashing-trial
  173. https://www.hrw.org/report/2023/07/10/our-trust-broken/loss-land-and-livelihoods-oil-development-uganda
  174. https://globalwitness.org/en/campaigns/land-and-environmental-defenders/eacop/
  175. https://www.voanews.com/a/rights-group-claims-company-intimidates-communities-along-tanzania-uganda-oil-pipeline/7389853.html
  176. https://www.reuters.com/sustainability/climate-energy/un-expert-asks-totalenergies-act-human-rights-concerns-2025-05-23/
  177. https://energynews.oedigital.com/oil-gas/2025/05/23/totalenergies-is-asked-to-take-action-by-un-expert-on-human-rights-concerns
  178. https://witnessradio.org/total-energies-oil-exploration-activities-are-displacing-dozens-of-families-due-to-flooding/
  179. https://www.africanpeacemagazine.com/communities-across-africa-launch-coordinated-protests-against-totalenergies-operations/
  180. https://www.reuters.com/sustainability/climate-energy/union-investment-cuts-totalenergies-stake-over-east-african-project-allegations-2025-05-22/
  181. https://www.greenpeace.org/international/story/75400/totalenergies-in-court-a-landmark-trial-on-greenwashing/
  182. https://www.lemonde.fr/en/environment/article/2025/09/17/after-four-years-of-suspension-totalenergies-prepares-to-restart-its-controversial-gas-megaproject-in-mozambique_6745465_114.html
  183. https://www.business-humanrights.org/en/latest-news/totalenergies-response-to-alleged-human-rights-violations-at-mozambique-lng-project/
  184. https://africauncensored.online/blog/2025/02/18/the-false-environmental-promises-of-totalenergies-megaproject-in-mozambique/
  185. https://www.corpwatch.org/article/totalenergies-carbon-offset-scheme-congo-displacing-local-farmers
  186. https://totalenergies.com/sustainability/positive-impact-stakeholders/local-economic-development
  187. https://www.reuters.com/business/energy/totalenergies-stays-russias-yamal-lng-source-2022-12-09/
  188. https://totalenergies.com/media/news/press-releases/russia-totalenergies-shares-its-principles-conduct
  189. https://www.theguardian.com/business/2022/dec/09/total-energies-to-withdraw-from-russian-investments-ukraine
  190. https://www.bloomberg.com/news/articles/2025-09-29/totalenergies-ceo-signals-russia-lng-redirection-if-eu-ban-comes
  191. https://ieefa.org/resources/eu-turns-blind-eye-21-russian-lng-flowing-through-its-terminals
  192. https://ieefa.org/resources/list-reasons-not-finance-totalenergies-mozambique-lng-project-grows
  193. https://energynews.pro/en/mozambique-totalenergies-faces-security-dilemma-before-lng-project-restart/
  194. https://globalinvestigationsreview.com/article/totalenergies-project-fuelling-conflict-in-mozambique-lawsuit-alleges
  195. https://friendsoftheearth.eu/press-release/un-urged-to-investigate-severe-human-rights-violations-committed-by-mozambique-security-forces-at-gas-site/
  196. https://www.reuters.com/sustainability/boards-policy-regulation/totalenergies-siemens-urge-eu-abolish-climate-law-letter-shows-2025-10-09/
  197. https://www.bloomberg.com/news/articles/2024-08-21/totalenergies-ad-found-misleading-over-sustainability-claim
  198. https://totalenergies.com/system/files/documents/2024-03/PR_Sustainability_and_Climate_2024_Progress_Report_VA_pdf.pdf
  199. https://www.esgtoday.com/totalenergies-acquires-renewable-energy-portfolios-in-europe-africa-and-canada/
  200. https://drillingcontractor.org/totalenergies-issues-2024-sustainability-climate-report-68525
  201. https://www.oil-store.co.uk/blog/totalenergies-awarded-top-safety-rating/
  202. https://www.computerweekly.com/news/366573432/TotalEnergies-upgrades-OT-network-to-increase-safety-performance-cyber-security
  203. https://totalenergies.com/sustainability/positive-impact-stakeholders/human-rights
  204. https://totalenergies.com/sites/default/files/atoms/files/human_rights_internal_guide_va.pdf
  205. https://assets.worldbenchmarkingalliance.org/app/uploads/2023/11/TotalEnergies-CHRB-scorecard-2023.pdf
  206. https://www.statista.com/statistics/279499/number-of-employees-at-total-sa/
  207. https://totalenergies.com/company/strength/employees
  208. https://totalenergies.com/sustainability/reports-and-indicators/challenges-identification
  209. https://totalenergies.com/company/projects/oil/granmorgu-suriname-oil-project-line-totalenergies-transition-strategy
  210. https://www.bloomberg.com/news/articles/2025-06-18/total-says-it-can-replace-russian-gas-with-growing-lng-supply
  211. https://www.chemanalyst.com/NewsAndDeals/NewsDetails/totalenergies-to-lead-frances-biggest-offshore-renewable-energy-initiative-39336
  212. https://energynews.pro/en/totalenergies-to-pay-30-billion-in-taxes/
  213. https://totalenergies.com/sites/g/files/nytnzq121/files/documents/2023-05/TotalEnergies_Tax_transparency_report_2021-2022.pdf
  214. https://finance.yahoo.com/news/totalenergies-approves-restart-20-bn-163237484.html
  215. https://totalenergies.com/company/energy-expertise/explore-produce/oil-gas/innovating-produce-tomorrows-oil-and-gas
  216. https://totalenergies.com/company/strength/research-and-development
  217. https://totalenergies.com/projects/innovation-and-rd/ausea-innovative-technology-reducing-our-carbon-and-methane-emissions
  218. https://totalenergies.com/news/press-releases/totalenergies-collaborate-mistral-ai-increase-application-artificial
  219. https://corporate.totalenergies.dk/how-we-work/innovation-totalenergies-denmark
  220. https://totalenergies.com/sustainability/creating-shared-value/access-energy
Add your contribution
Related Hubs
Contribute something
User Avatar
No comments yet.