Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Total company building
Companies and corporations

The French company Total: the main stages of development of the oil producer

30.01.2022
2 min read

Total: business history

The oil company Total is the largest producer of raw materials in France, and holds a leading position in the world. Its business areas include exploration, production, refining and sales. In addition, Total is engaged in petrochemical production and energy. The company is among the top five supermajors on its market, competing with such giants as ExxonMobil, Chevron, BP and others.
After World War I mankind understood the importance of oil as a strategic asset. The French government, as well as other countries, decided to have their own resources, which will allow strengthening its position on the world stage. For this purpose, in 1924 the national oil company Compagnie Française des Pétroles or CFP was created. War reparations from the German bank Deutsche Bank enabled the newly formed institution to obtain a 25% interest in the Turkish Petroleum Company, which was engaged in the extraction of raw materials in Iraq. The fields here were France’s first access to oil. In spite of the fact that CFP was called national, in fact it was private and in 1929 its shares were presented on the Paris stock exchange. After World War II, the company began production in Africa, the Middle East, Algeria, and then acquired fields in Canada and Venezuela. In 1954 its gasoline appeared on the market in Europe under the Total brand. The fuel has enjoyed enormous popularity, and in 1985, as a result of rebranding the company was renamed to Total CFP, and 6 years later it completely abandoned the old name. By this time the French government owned only 1% of the shares of the producer. Total companyIn 1999 Total acquired a company from Belgium, and a year later from France. This allowed significantly expanding the markets and strengthening the positions in Europe.
Now products of the corporation are presented in 130 countries, in 60 of them work 15 thousand branded filling stations, which daily serve more than 5 million customers. Total has a daily capacity of 2.5 million barrels of oil, and total crude reserves are estimated at 11 billion barrels of oil equivalent. The company’s assets are about 230 billion euros with a capitalization of 140 billion euros.
In addition to oil production facilities, Total owns chemical plants and facilities in a number of related industries.
Despite the fact that the company is considered French, only 28% of its shareholders are from that country, the remaining 31% – from North America, 49% from Europe. 89.6% of the company’s securities are in free circulation. 

Tags: Companies and corporations
0
Previous Post How close is the possible collapse of the markets: the opinion of experts Next Post John Pierpont Morgan: Biography of the influential financier and entrepreneur

You Might Also Like

Valero Energy Corporation
Companies and corporations
US largest refining company Valero Energy Corporation
16.12.2020
Simon Property Group
Companies and corporations
The largest U.S. commercial real estate operator – Simon Property Group Inc
24.06.2021
Cessna
Companies and corporations
The Cessna aircraft company: how it all began
24.01.2023
Berkshire Hathaway Inc
Companies and corporations
Berkshire Hathaway Inc: evolution from a textile manufacture to an investment holding company
26.11.2020
General Electric company-2
Companies and corporations
General Electric: business history from foundation to the present
10.04.2022
Kraft Heinz Company
Companies and corporations
History of Kraft Heinz Company and its brands
25.05.2021

Recent Posts

  • 1Forex drawdown
    Forex drawdown and why you shouldn’t be afraid of it
    22.09.2023
  • 2investment in Turkey's steel industry
    Yıldız increases investment in the Turkish steel industry
    20.09.2023
  • 3Abu Dhabi Exchange
    The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
    18.09.2023
  • 4mobile marketing
    How mobile marketing helps to retain existing customers and attract new ones
    16.09.2023
  • 5E-commerce company Rakuten
    Japan’s Rakuten intends to raise funds by issuing shares
    14.09.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

Forex drawdown
Forex drawdown and why you shouldn’t be afraid of it
22.09.2023
investment in Turkey's steel industry
Yıldız increases investment in the Turkish steel industry
20.09.2023
Abu Dhabi Exchange
The Abu Dhabi Exchange has created ideal conditions for the IPO of an Adnoc unit
18.09.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Is the oil market waiting for another collapse of quotations: the opinion of a LUKOIL analyst?
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics