Total is a major integrated Oil and Gas Company in Europe founded in 1924.
It is one of the 7 Supermajor Oil and Gas companies in the world with its headquarters situated in Courbevoie, Paris, France. The company’s birth happened after World War I when the then French Prime Minister wanted to set up an independent oil company instead of making partnership agreement with The Royal Dutch Shell.
With operations in more than 130 countries, TOTAL is primarily engaged in four sectors of the oil industry. They include upstream (hydrocarbon exploration, production and development of Oil extraction) and downstream (petrochemicals, refining systems and specialty chemicals), Supply and Marketing (Trading and shipping of Crude oil and petroleum products) and Nuclear Power. TOTAL also operates in the renewable energies and power generation sectors as well.
The company’s primary goal is to become a global leader in energy and integrate its energy segments. In order to achieve its goal, the company depends on its integrated business model, which helps in generating synergies among the different operating segments of its Group. The company derives its business advantage using its operational excellence, its expertise in technology and its ability to manage complex projects.
Total strategically invests in New Energies as part of its long term plan which includes Solar and Biofuel energies to achieve its goal in improving future profitability. As part of the plan, the Group also allocates nearly $500 million of capital expenditure every year in advanced technologies, robust quality platforms for higher returns.