TotalEnergies (NYSE: TTE) is a French multinational integrated energy and petroleum company founded in 1924. It is one of the seven supermajor oil companies in the world. TotalEnergies generated revenue of USD 280.9 billion in 2022.
TotalEnergies' operations cover the entire oil and gas value chain—from the exploration and production of crude oil and natural gas through the manufacturing and marketing of petroleum products and chemicals. The company also produces biofuels and generates electricity from solar and wind power.
TotalEnergies offers its products in close to 130 countries globally. France is TotalEnergies’ single largest market, accounting for ~21% of total revenue in 2022. Rest of Europe accounted for ~44%, followed by North America (~12%) and Africa (~9%). TotalEnergies plans to expand across the electricity value chain to build an Integrated Power segment with an ROCE of over 10%. The company also expects to rank among the world’s top five providers of solar and wind energy by 2030. TotalEnergies expects to reach net-zero status by 2050.
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