TotalEnergies

Last year, Total became TotalEnergies to highlight the company's commitment to broader energy investments. Like BP, the small renewable energy sector has performed well, but oil losses have made 2020 a difficult year.
revenue was $60 billion less than a year ago.

Total's net income increased from $11.4 billion in 2019 to a loss of $7.3 billion in 2020. CEO Patrick Pouyanné praised the company's move to lower the break-even point to $26 a barrel, helping it overcome a "double crisis" of Covid-19 and low oil prices. price. We were able to preserve company assets by opening 4,444 reservoirs off the coast of England, Egypt and South Africa. In the UAE, Total and ADNOC have agreed to work together to develop applications for carbon capture, use and storage. Shortly thereafter, the company announced that it would invest in a Norwegian CCS initiative with Shell and Equinor.

In May 2020, TotalEnergies officially adopted a net-zero target for 2050. As part of that, Total acquired 50% of its 2GW solar portfolio from Adani Green Energy, acquiring 20% of the company itself in 2021. Through its subsidiary Total, it will develop a portfolio of 2GW solar panels in Spain. In the UK, France and Korea, companies have teamed up to launch pilot floating wind turbines. Total also announced its intention to enter the vehicle charger market. After signing a contract to install 20,000 chargers in Amsterdam, the charging network was acquired a charging network in London.

Founded: 28 March 1924
Headquarters: Tour Total, Courbevoie, France
Market cap: $129.05 Billion As of December 2021
Revenue:$120bn in 2020
Website: totalenergies.com