- CEO
- Patrick Pouyanne
- Full Time Employees
- 95,393
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- Address
- 2, place Jean Millier Courbevoie France 92400
- IPO Date
- Jun 9, 2010
- Business
- TotalEnergies SE is a global integrated multi-energy company engaged in the production and marketing of oil and biofuels, natural gas and green gases, renewables, and electricity. The company offers an extensive portfolio of products and services including crude oil, refined petroleum products, lubricants, special fluids, bitumen, fuel additives, biofuels, liquefied natural gas (LNG), low-carbon hydrogen, and renewable energy solutions such as solar and wind power. It operates through key business segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; Trading & Shipping; Marketing & Services; and Total Global Services. TotalEnergies serves industrial and retail customers globally, with operations spanning Africa, Asia, Europe, North America, South America, and Russia. The company maintains a global network of service stations and offers tailored industrial solutions like specialized fluids for sealants, printing inks, tire manufacturing, and geoscience applications.
Founded in 1924 and headquartered in Courbevoie, France, TotalEnergies has recently intensified its strategic shift towards a balanced multi-energy transition. In 2021, it rebranded from Total to TotalEnergies to reflect its commitment to expanding renewable energy and green electricity production. In 2024, the company unveiled a growth strategy focused on increasing energy production by 4% annually through 2030 while reducing Scope 1 and 2 carbon emissions by 40%, cutting methane emissions by 80%, and lowering the carbon intensity of energy sales by 25%. This strategy involves prioritizing liquefied natural gas (LNG) and renewable energy investments, with annual capital expenditure targeted at $16-18 billion, including $5 billion dedicated to low-carbon projects. Key recent developments include a $903 million acquisition of a 50% stake in the SapuraOMV joint venture in Malaysia, a partnership with QatarEnergy in the North Field LNG expansion project, and a $300 million investment in a renewable energy joint venture with Adani Green Energy in India. The company also plans substantial share buybacks and dividend increases to drive shareholder value while supporting energy transition goals.
Overall, TotalEnergies operates as a diversified energy company integrating traditional oil and gas exploration and production with aggressive expansion in renewables, power generation, and gas infrastructure, positioning itself for sustainable energy growth on a global scale. Its comprehensive product range and geographic reach along with recent strategic acquisitions and partnerships underscore its evolving business model within the energy industry landscape.