Our business model

Resources and ecosystem

Proven expertise: 101,309 employees; Nearly 160 nationalities; More than 740 business-related competencies; 420,000 days of training; More than 400 talent developers to help employees along their professional development path.

A responsible innovation: R&D budget: $849 million; 18 R&D centers worldwide; More than 200 patent applications in 2021.

Top-tier industrial and commercial assets: 10.3 GW of gross installed renewable power generation capacities; More than 25,000 EV operated charge points; Proved reserves of 12.1 Bboe and hydrocarbon production of 2,819 kboe/d; 16 refineries including 1 biorefinery; 27 petrochemical sites including 6 integrated platforms (refining-petrochemicals); 85 specialty chemicals production sites; 37 production sites operated (lubricants and greases); Nearly 16,000 service stations in more than 70 countries.

Solid financials: Operating cash flow before working capital changes without financial charges: $30.7 billion; Net investments: $13.3 billion; Gearing ratio (excluding leases): 15.3%; Pre-dividend organic cash breakeven: $23/boe.

Geographic reach: Present in more than 130 countries; Hydrocarbon production in 29 countries.

Environment: Fresh water withdrawal: 101 Mm3; Net primary energy consumption: 148 TWh (operated perimeter).

Integrated value chain

Produce: Renewables energies, natural gas, new molecules (Biomass resources, Hydrogen, Resources generated from circular), oil.

Transform and transport: intermediate stages: Storage, Gas-fired power plants, Liquefied Natural Gas, Biorefineries, Refineries, Petrochemical, Natural Carbon sinks, Carbon capture and storage.

Distribute: Electricity; Gas and Biomethane; Fuels and Biofuels; Plastics, Lubricants and Bioplastics.

Shared value creation

Employees: $9.2 billion payroll (including social security charges); €132 million for training; 92.8% of employees on permanent contracts; women account for 40.3% of employees hired on permanent contracts; 89.9% of employees hired by the Company and 65.3% of managers hired were non-French nationals.

Customers: Sales: $205.9 billion; 2nd largest private LNG player worldwide with 42,0 Mt of LNG sold in 2021, including 17.4 Mt from equity production of the Company; 21.2 TWh of net power production, including 6.8 TWh from renewable sources; 101.2 TWh of gas delivered to 2.7 million BtB and BtC clients sites; 56.6 TWh of power delivered to 6.1 million BtB and BtC clients sites; More than 100 products and solutions bearing the Ecosolutions label by TotalEnergies; Approximatively 15,000 patents in force.

Suppliers: $25 billion worth of purchases of goods and services, from a network of more than 100,000 suppliers, supporting hundreds of thousands of direct and indirect jobs worldwide.

Shareholders: $8.2 billion distributed as dividends (excluding dividends paid to non-controlling minority interests); 65% of employees are shareholders.

Communities: Fostering social and economic development in host countries with contributions amounting to $8,158 million in income tax, $7,719 million in production taxes paid by EP activities, $2,217 million in employer social charges and $21,229 million in excise taxes; A global integrated local development approach (in‑country value).

Climate: Reducing GHG emissions (Scope 1+2) on operated facilities from 46 Mt CO2e in 2015 to 37 Mt CO2e excluding the COVID-19 effect between 2015 and 2021; Reducing methane emissions from operated facilities by 50% between 2010 and 2020 and by 23% between 2020 and 2021; Scope 3 GHG emissions limited to 400 Mt CO2e excluding the COVID-19 effect, in 2021 below the level of 2015; Reducing Scope 3 GHG emissions of the petroleum products sold worldwide by 19% excluding the COVID-19 effect in 2021, compared to 2015; Reducing carbon intensity of the energy products used by customers by 10% excluding the COVID-19 effect between 2015 and 2021; Reducing GHG emissions (Scope 1+2+3) in Europe by 14% excluding the COVID-19 effect in 2021, between 2015 and 2021.