TOTALENERGIES

Overview

TotalEnergies is a global integrated multi-energy company operating in the energy sector. Its core activities span oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity, supported by businesses across upstream production, gas and power, refining and chemicals, and marketing and services.[1]+2

The company describes its mission as providing more affordable, available and sustainable energy to as many people as possible, while contributing to meeting energy demand with lower CO2 emissions.[4][5] TotalEnergies has a broad international footprint, with operations in about 120 countries and more than 100,000 employees; at December 31, 2024, it reported 102,887 employees in 93 countries.[1][6] In 2024, the company reported sales of $214.6 billion and revenues from sales of $195.6 billion, underscoring its scale as one of the world’s large integrated energy groups.[7][8] [1]+7

Products & services

TotalEnergies markets a broad range of fuel and specialty products for professional customers, including heating oil, bulk fuels, special fluids, bitumens and specialty bitumens such as low-temperature, recycling and lower-carbon bitumen solutions; it also offers Bitume Online as a digital purchasing platform for bitumen in Europe.[9] In lubricants, the company highlights technically differentiated ranges such as EV Fluids for new-mobility applications, Quartz EV3R motor oils made from re-refined base oils, and Fuel Economy products for conventional automotive and industrial uses.[10] Its fuels and lubricants R&D has also developed a battery coolant that can be in direct contact with EV cells to improve thermal performance versus conventional fluids, and it is working with Valeo on integration of that fluid into battery packs.[11] In Asia-Pacific and the Middle East, the lubricants business is supported by nine production sites and two technology research centers, and the company notes a long-running supply relationship with Great Wall Motors as well as joint development of EV fluids in China.[12][13]

In mobility and energy services, TotalEnergies offers LNG bunkering and marine biofuels, including the Brassavola LNG bunkering vessel in Singapore with 12,000 m3 capacity, and it has supplied sustainable marine biofuel blended from very low sulfur fuel oil and 24% second-generation methyl ester from used cooking oil.[14][15] Its EV-charging offer includes the Charge+ card for private customers, the Charge+ Business card in Benelux that adds services such as tolls and parking, and Time2plug in France, which provides instant quotes and access to a certified installer network for charging points.[16]+2 TotalEnergies says its operated and supervised EV-charging network was close to 78,000 points, and its chargers can include one or two charging points, support simultaneous charging depending on available power, and incorporate metering with optional communication, control and payment systems.[19][20]

Through Saft, TotalEnergies designs and sells high-tech batteries based on nickel, lithium-ion and primary lithium chemistries for transportation, industrial infrastructure, aerospace, defense, IoT and energy-storage uses.[21] Named products and platforms include IBIS (Intelligent Battery Integrated System), a smart battery for stationary storage and electric vehicles, while current development work includes more efficient smart batteries and solid-state lithium-ion batteries for high-energy or high-power applications.[22][23] Saft also operates a nickel-battery take-back and recycling network that recovers at least 75% by weight of collected batteries, and TotalEnergies references battery-storage systems such as a 150 MW/225 MWh installation in Texas and a 129 MW/129 MWh grid-connected system in France built with 60 containers of 2.5 MWh each designed and assembled by Saft.[24]+2 [9]+17

Geographic presence

TotalEnergies has an industrial and retail presence in about 120 countries spanning five continents, and its geographic reporting highlights Europe, Africa, the Americas, Asia-Pacific, and the Middle East/North Africa as core operating regions.[27]+2 In 2024, external sales totaled $214.6 billion, of which France contributed $49.3 billion (23.0%) and the rest of Europe $89.1 billion (41.5%), so Europe accounted for about 64.5% of external sales; Africa contributed $21.9 billion (10.2%), North America $17.9 billion (8.4%), and the rest of the world $36.4 billion (17.0%).[30]

Employee distribution is also concentrated in Europe: at year-end 2024, 62.1% of employees were in Europe, 13.8% in Latin America, 10.8% in Africa, 6.6% in Asia-Pacific, 5.9% in North America, and 0.9% in the Middle East, for a total workforce of 102,887.[31][32] France was the only country representing at least 10% of the company’s total workforce, with 35,880 employees.[33][34] The registered office is in Courbevoie, France, and the company lists secondary establishments in Lacq, Pau, and Paris.[35][36] [27]+9

Business segments

TotalEnergies’ official operating segmentation comprises Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, Marketing & Services, and Corporate. Exploration & Production covers oil and natural gas exploration and production, with related carbon-neutrality activities; Integrated LNG covers the integrated gas chain, including LNG, gas trading, biogas and hydrogen; Integrated Power covers electricity generation, storage, trading and gas/electricity distribution to B2B and B2C customers; Refining & Chemicals includes refining, petrochemicals, specialty chemicals, oil supply, trading and marine shipping; Marketing & Services covers global supply and marketing of petroleum products and related mobility and energy services; and Corporate includes holding, operating and financial activities.[37]+6

On a 2024 external-sales basis, Refining & Chemicals was the largest segment at about 43.6% of sales, followed by Marketing & Services at 38.9%, Integrated Power at 10.3%, Integrated LNG at 4.6%, and Exploration & Production at 2.6%, with Corporate near zero.[44] On a 2024 adjusted net operating income basis, the mix was more weighted to upstream and gas: Exploration & Production contributed about 50.1%, Integrated LNG 24.4%, Integrated Power 10.9%, Refining & Chemicals 10.8%, and Marketing & Services 6.8%, while Corporate was negative at about -3.0%.[44] Capital employed was also concentrated in Exploration & Production at about 46.7% of 2024 capital employed, Integrated LNG at 30.0%, and Integrated Power at 15.7%, with smaller shares for Marketing & Services at 5.0% and Refining & Chemicals at 4.0%.[45] [37]+8

Company history

TotalEnergies was founded on March 28, 1924 as Compagnie française des Pétroles, after French Prime Minister Raymond Poincaré entrusted Ernest Mercier with creating a company capable of carrying out a national oil policy.[46][47] It took its first steps in oil production in Iraq in 1927, beginning a long period of geographic expansion and technological development.[48]

A major turning point came at the end of the 1990s and start of the 2000s, when the group combined with Petrofina/Fina and Elf Aquitaine, creating TotalFinaElf and establishing the enlarged company as one of the world’s largest oil majors.[49][50] In 2003, TotalFinaElf changed its name to Total.[51] Following shareholder approval in May 2021, the corporate name was changed again to TotalEnergies SE, marking another important stage in the company’s evolution.[52][53] [46]+7

Sources

• TOTALENERGIES — Full financial report (2024 Y)
  49 citations

  [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][48][50][51][53]
• TOTALENERGIES — Full financial report (2021 Y)
  4 citations

  [46][47][49][52]