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59-657: TotalEnergies has its head office in the Tour Total in La Défense district in Courbevoie , west of Paris . The company is a component of the Euro Stoxx 50 stock market index . In the 2023 Forbes Global 2000 , TotalEnergies was ranked as the 21st largest company in the world. The company was founded after World War I, when petrol was seen as vital in case of a new war with Germany. The then-French President Raymond Poincaré rejected

118-729: A private sector company in view of its listing on the Paris Stock Exchange in 1929. During the 1930s, the company was engaged in exploration and production, primarily from the Middle East. Its first refinery began operating in Normandy in 1933. After World War II, CFP engaged in oil exploration in Venezuela, Canada, and Africa while pursuing energy sources within France. Exploration in Algeria , then

177-496: A snow removal vehicle in Vnukovo International Airport , killing four, including three crew members and CEO of Total S.A. Christophe de Margerie on board. Alcohol presence was confirmed in the blood of the driver of the vehicle on the ground. Patrick Pouyanne , who was Total's Refining Chief at that time, was appointed as CEO, and also as chairman of Total in 2015. In 2015, Total unveiled plans to cut 180 jobs in

236-512: A $ 1.1bn deal, to boost its development in renewable energy and electricity businesses. In 2016, Total agreed to acquire $ 2.2-billion in upstream and downstream assets from Petrobras as part of the firms' strategic alliance announced earlier that year. For Total, these new partnerships with Petrobras reinforce Total's position in Brazil through access to new fields in the Santos Basin while entering

295-494: A 40 percent interest in two licences in the Gainsborough Trough area of northern England for $ 48 million. In July 2014, the company disclosed it was in talks to sell its LPG distribution business in France to Pennsylvania-based UGI Corporation for €450 million ($ 615 million). On 20 October 2014, at 23:57 MST , a Dassault Falcon 50 business jet heading to Paris caught fire and exploded during takeoff after colliding with

354-747: A 50% stake in its joint venture in Malaysia (SapuraOMV) for $ 903 million. The deal includes the repayment of a $ 350 million loan from OMV to the joint venture. On 21 February 2024, TotalEnergies and Airbus entered a strategic partnership to meet emission-reduction goals through the use of sustainable aviation fuels (SAF). TotalEnergies will provide more than 50% of Airbus’ European fuel requirements. Compared to fossil fuels, SAF can reduce CO2 emissions by up to 90%. TotalEnergies and QatarEnergy entered an agreement on 6 March 2024 to purchase participating interests in South Africa ’s Orange Basin offshore oil field. Under

413-559: A French colony, began in 1946, with Algeria becoming a leading source of oil in the 1950s. In 1954, CFP introduced its downstream product – Total brand of gasoline in Africa and Europe. Total entered the United States in 1971 by acquiring Leonard Petroleum of Alma, Michigan and several Standard Oil of Indiana stations in Metro Detroit . In 1980, Total Petroleum (North America) Ltd.,

472-471: A company controlled 50% by CFP, bought the American refining and marketing assets of Vickers Petroleum as part of a sell-off by Esmark of its energy holdings. This purchase gave Total refining capacity, transportation, and a network of 350 service stations in 20 states. Total's leadership had been aware of the deleterious effects of global warming since at least 1971; The company nevertheless openly denied

531-465: A consortium led by CNPC (37.5%), which also included TOTAL (18.75%) and Petronas (18.75%) was awarded a production contract for the " Halfaya field " in the south of Iraq, which contains an estimated 4.1 billion barrels (650,000,000 m) of oil. In 2010 Total and Erg merged their respective subsidiaries Total Italia and Erg Petroli , forming TotalErg , 49% controlled by the French group and 51% by

590-550: A convenience store network of more than 5,000 stores and twelve refineries. In July 2005, Valero Energy announced that it would be phasing out the Diamond Shamrock brand and convert its remaining 2,900 locations to the Valero name. Prior to this, the conversion of Diamond Shamrock stores had already started with the east and west coasts of the United States. The conversion would cost Valero Energy roughly USD$ 70 million and would take

649-532: A dividend, it received ownership of the Three Rivers oil refinery located between San Antonio and Corpus Christi , Texas. February 1987 saw the detachment of Diamond Shamrock’s production and exploration branch and would rename itself to the Maxus Energy Corporation once the split from its refining and marketing division took effect. Concurrently, Diamond Shamrock’s own refining and marketing division

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708-467: A joint venture called Saudi Aramco Total Refining and Petrochemical Company (SATORP)- in which a 62.5% stake was held by Saudi Aramco and the balance 37.5% held by Total. Total withdrew in 2006 from all Iranian development work because of United Nations concerns that resulted in sanctions over possible weaponization of the Nuclear program of Iran . During the 2009–2010 Iraqi oil services contracts tender ,

767-411: A little over two years to complete its conversion of over 1,030 stores and 830 branded wholesale sites. Despite the announcement, the remaining Diamond Shamrock locations would not be renovated and converted until 2006. As of 2024, the Diamond Shamrock brand is still actively being in use by Valero Energy alongside its other brands Beacon, Shamrock, and Texaco (owned and used by Valero Energy solely in

826-567: A native of Ireland he named the company after the symbol of his country of origin. The company was financed by the Fownes family of Pennsylvania and headquartered in Amarillo. The early years of the company were difficult experiencing a loss of about $ 9 million. In 1933, Shamrock built its first refinery and its first gas station, both in Sunray, Moore County, Texas. James Harold Dunn joined the company in 1938 as

885-538: A vice president and general manager, having previously been an engineer at the Lone Star Gas Corporation. The following year Shamrock showed its first, albeit small, profit. During 1939-1940 Lone Star and Shamrock cooperated on the construction of a plant at Murchison in Henderson County whose aim was to recycle natural gas. In 1943, the company paid its first dividend, and by 1944 the company was listed on

944-544: Is located on its roof, which is 187 m (614 ft) above the ground. The site on which the Tour Total was built was initially reserved for a skyscraper which would have been a twin tower to Tour Areva , but the oil shock of 1974 forced the investors to cancel their project. Tour Total is one of La Défense's third generation of skyscrapers. Architects took into account the flaws in towers of previous generations (such as Tour Areva , Tour Gan and Tour AXA ). For instance,

1003-545: Is the biggest discovery of oil reserves since 1968. In 2013, Total increased its stake in Novatek to 16.96%. In 2013, Total and its joint venture partner agreed to buy Chevron Corporation 's retail distribution business in Pakistan for an undisclosed amount. In January 2014, Total became the first major oil and gas firm to acquire exploration rights for shale gas in the UK after it bought

1062-692: The Ultramar Diamond Shamrock Corporation ) is an American brand of gasoline stations under the ownership of the Valero Energy Corporation and is currently headquartered in San Antonio , Texas . The former company was established on December 1, 1967 when Cleveland -based Diamond Alkali merged with Shamrock Oil of Amarillo , Texas, creating the entity known as the Diamond Shamrock Corporation. The company

1121-475: The Girassol oil field was discovered and operated by TotalEnergies SE. After Total's takeover of Petrofina of Belgium in 1999, it became known as Total Fina. Afterwards, it also acquired Elf Aquitaine . First named TotalFinaElf after the merger in 2000, its name reverted to Total in 2003. During that rebranding, the globe logo was unveiled. In 2003, Total signed for a 30% stake in the gas exploration venture in

1180-682: The Modern architectural style . The building now serves as headquarters for TotalEnergies , one of the six " Supermajor " oil companies in the world. Completed and opened in 1985, it is the third-tallest skyscraper in La Défense and the fourth-tallest skyscraper in the Paris area, after the Tour First and the Tour Montparnasse . Tour Total is 190 m (623 ft) tall; a three-metre (9 ft) long antenna

1239-641: The United Kingdom and Ireland since its acquisition of its usage from Chevron in 2011). The Diamond Shamrock brand is currently being used in Colorado, California, New Mexico, Oklahoma, Texas, and amongst other states. The origins of Diamond Shamrock can be traced back to three foundation companies: Diamond Alkali, Shamrock Oil and Gas, and Sigmor Corporation. In 1910, a group of glass manufacturers founded Diamond Alkali in Pittsburgh, Pennsylvania. They wanted

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1298-636: The 25% share held by Deutsche Bank in the Turkish Petroleum Company (TPC) as part of the compensation for war damages caused by Germany during World War I . The French government's stake in TPC was transferred to CFP, and the Red Line agreement in 1928 rearranged the shareholding of CFP in TPC (later renamed the Iraq Petroleum Company in 1929) to 23.75%. The company from the start was regarded as

1357-571: The European nation’s commitment to fossil fuels beyond 2050. In 2023, Total invested $ 300 million in a renewable energy joint venture with Adani Green Energy . The joint venture's portfolio capacity is 1,050 MW - 300 MW of operating capacity, 500 MW of solar projects under construction and 250 MW of projects under development, as well as solar and wind power projects in India . At the end of January 2024, TotalEnergies reached an agreement with OMV to purchase

1416-637: The Iranian South Pars gas field because of sanctions pressure from the US. In 2019, Total announced the sale of a 30% stake in the Trapil pipeline network to crude oil storage operator Pisto SAS for €260 million. Later that year, Total signed deals to transfer 30% and 28.33% of its assets in Namibia 's Block 2913B and Block 2912 respectively to QatarEnergy . The company will also transfer 40% of its existing 25% interests in

1475-563: The Italian one. As of 2010, Total had over 96,000 employees and operated in more than 130 countries. In 2010, Total announced plans to pull out of the forecourt market in the United Kingdom. In 2012, Total announced it was selling its 20% stake and operating mandate in its Nigerian offshore project to a unit of China Petrochemical Corp for $ 2.5 billion. In 2013, Total started the operation at Kashagan with North Caspian Operating Company . It

1534-581: The Kingdom of Saudi Arabia (KSA) – South Rub' al-Khali joint venture along with Royal Dutch Shell and Saudi Aramco . The stake was later bought out by its partners. In 2006, Saudi Aramco and Total signed a memorandum of understanding to develop the Jubail Refinery and Petrochemical project in Saudi Arabia which targeted 400,000 barrels per day (bpd). Two years later, the two companies officially established

1593-525: The NYSE. In 1945, Dunn became the company president, a post he had for ten years. In 1955, Claybourne Allison "Buzz" Cash succeeded him, and in 1959 Shamrock opened its first catalytic cracking unit in Sunray. In 1960, Shamrock purchased a large number of gas stations from the chain of Sigmor. During the 1930s and 1940s, Sigfried "Sig" Moore operated the chain. In 1943, Moore loaned Thomas E. Turner, an employee, money to launch his own business. Turner decided to use

1652-486: The Nopco Chemical Company of New Jersey. In 1967, Diamond Alkali merged with Shamrock Oil and Gas of Amarillo. At the time of the merger the company produced about 20 percent oil and gas and 80 percent chemicals. In 1978, Diamond Shamrock moved its headquarters to Dallas. By 1980, Diamond Shamrock had about 12,400 employees in thirty-seven countries. John Sheerin founded Shamrock Oil and Gas on August 9, 1929. As

1711-578: The Orinduik and Kanuku blocks of Guyana and 25% interest in Blocks L11A, L11B, and L12 of Kenya to QatarEnergy. In July 2020 the company changed its name from Total SA to Total SE as part of registration as a European company. In 2020, the company announced its intention to cut 500 voluntary jobs in France. In 2021, Total left the American Petroleum Institute lobby, due to differences in

1770-572: The SHPGX. In July 2023, Iraq signed a $ 27 billion energy agreement with TotalEnergies to develop the country’s energy sector and boost output of oil, gas and renewables. Additionally, Indian Oil Corp , has signed liquefied natural gas (LNG) import deals with ADNOC LNG and TotalEnergies in the same month. In October 2023, TotalEnergies sold its Canadian operations to Suncor Energy for C$ 1.47 billion($ 1.07 billion). TotalEnergies has agreed to buy liquefied natural gas from Qatar for 27 years, cementing

1829-414: The Tour Total is much more efficient in terms of energy consumption than previous La Défense skyscrapers. Standing 48 storeys tall, Tour Total actually consists of five bodies of different heights super-imposed on each other. The tallest of those bodies has 48 floors, while the next two have 44 and 37 floors respectively. Diamond Shamrock Select locations Diamond Shamrock (formerly known as

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1888-470: The United Kingdom, reduce refinery capacity and slow spending on North Sea fields after it fell to a $ 5.7bn final-quarter loss. The company said it would also sell off $ 5bn worth of assets worldwide and cut exploration costs by 30%. In 2016, Total signed a $ 224M deal to buy Lampiris, the third-largest Belgian supplier of gas and renewable energy to expand its gas and power distribution activities. In 2016, Total bought French battery maker Saft Groupe S.A. in

1947-538: The agreement, TotalEnergies will have the exclusive right to operate its wells in Block 3B/4B with a 33% interest holding, while QatarEnergy will receive a 24% interest in the same block. In 22 April 2024, OmanLNG and TotalEnergies signed a deal in which OmanLNG will provide 800,000 metric tons of liquified natural gas. On 14 November, 2024, TotalEnergies announced that it will fill all of its upstream assets with real-time methane leak detection equipment by 2025 to help minimize

2006-672: The chain CST Brands Inc. (succeeded by Circle K in 2017). In May 1979, Diamond Shamrock announced that it would be moving its corporate headquarters from the crime-stricken Cleveland, Ohio to Dallas , Texas in an effort to improve the company’s image and reputation. Looking to expand its presence, the USD$ 160 million acquisition of the Sigmor Corporation in July 1982 added 600 more stores to Diamond Shamrock’s portfolio of locations and also as

2065-525: The chain for themselves after their bid for USD$ 232 million. In September 1996, it was announced that Diamond Shamrock would be acquired by Montreal -based Ultramar , a Canadian oil company for USD$ 1.96 billion. The primary reason for the merger was originally to attain USD$ 75 million in annual savings, according to Roger Hemminghaus, the chairman of the newly combined companies Ultramar Diamond Shamrock. The Ultramar and Diamond Shamrock merger would also skyrocket

2124-702: The combined company to be headquartered in San Antonio. The combined company was to have two refineries in Texas, 11,000 employees, and 2,600 stores. In 1996, Canadian company Ultramar bought Diamond Shamrock for $ 1.96 billion in stock and assumed debt. The combined company was renamed "Ultramar Diamond Shamrock". Diamond Shamrock also sold Total Petroleum, which started in Alma, Michigan , to Marathon Petroleum in 1999. Valero Energy Corporation acquired Ultramar Diamond Shamrock in 2001. Beginning in early 2021, Valero revived

2183-578: The common vision of how to tackle the fight against climate change. In 2021, Total said that it had registered an income of $ 3 billion for the period of January–March, which is close to the levels registered before the pandemic. In 2021, the company announced a name change to TotalEnergies as an intended illustration of its investments in the production of green electricity. At the Ordinary and Extraordinary Shareholders’ Meeting in May of that year, shareholders approved

2242-646: The company bought from investor F. Philip Handy 80 Tenneco gasoline stations, with 30 of them in Houston. According to the plans, the Tenneco stores would be rebranded as Diamond Shamrocks. In 1995, Diamond Shamrock had 2,000 stores, with most of them in Texas, Colorado, New Mexico , and Louisiana. Of them, over 170 stores were in Houston. That year, Diamond Shamrock bought the National Convenience Stores Stop N Go chain for $ 260 million. The plans called for

2301-599: The company moved its headquarters from Pittsburgh to Cleveland, Ohio. During the 1950s a third plant was constructed in Muscle Shoals, Alabama, helping the company continue to enlarge its range of products, expanding to produce plastics and chemicals for agriculture. The 1960s saw continued expansion of Diamond Alkali. A facility was opened in Delaware City, Delaware and additional chemical companies were purchased, including Chemical Process Company of Redwood City, California and

2360-413: The company to become the third-largest in gasoline refining and marketing corporation in the United States and would also increase Diamond Shamrock’s locations to more than 4,400 stores. In April 1997, it was announced that Ultramar Diamond Shamrock would be acquiring the U.S. operations of Total Petroleum N.A. for an estimate of USD$ 400 million, alongside their USD$ 414 million in debt. In May 2001, it

2419-503: The company to produce soda ash, a key ingredient in glass production. A factory was built in Painesville, Ohio, in 1912 to produce soda ash. During the 1920s, TR Evans led Diamond Alkali, which under his leadership became an important chemical producer. After World War II Ray Evans, TR's son, led the company to decentralize its operations. In Deer Park, Houston, Texas, in 1946 a new plant was built to produce chlorine and caustic soda. In 1948,

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2478-551: The company's stock but by 1996 had reduced its stake to less than 1 percent. In the period between 1990 and 1994, foreign ownership of the firm increased from 23 percent to 44 percent. Meanwhile, Total continued to expand its retail presence in North America under several brand names. In 1989, Denver, Colorado –based Total Petroleum, Total CFP's North American unit, purchased 125 Road Runner retail locations from Texarkana, Texas –based Truman Arnold Companies. By 1993, Total Petroleum

2537-424: The emissions. This is expected to help the company in its target of slashing methane emissions to nearly zero percent by 2030. Tour Total Tour Total (previously known as Tour Elf from 1985 to 1999, then Tour TotalFinaElf from 1999 to 2003) is an office skyscraper located in La Défense , Courbevoie , the high-rise business district west of and adjacent to the city of Paris , France , designed in

2596-493: The findings of climate science until the 1990s; Total also pursued a number of strategies to cover up the threat and contribution to climate change . The company renamed itself Total CFP in 1985, to build on the popularity of its gasoline brand. Later in 1991, the name was changed to Total, when it became a public company listed on the New York Stock Exchange . In 1991, the French government held more than 30 percent of

2655-480: The gas value chain. Between 2013 and 2017, Total organized the ARGOS Challenge , a robotic competition with the aim to develop robots for their oil and gas production sites. It was won by an Austrian-German team using a variant of the taurob tracker robot. In 2017, Total signed a deal for a total amount of $ 4.8b with Iran for the development and production of South Pars , the world's largest gas field. The deal

2714-632: The idea of forming a partnership with Royal Dutch Shell in favour of creating an entirely French oil company. At Poincaré's behest, Col. Ernest Mercier , with the support of 90 banks and companies, founded Total in 1924, as the Compagnie française des pétroles (CFP) (in English, the French Petroleum Company). As per the agreement reached during the San Remo conference of 1920, the French state received

2773-556: The launch on the French residential market of Total Spring, a natural gas and green power offering that is 10% cheaper than regulated tariffs. Total is thus pursuing its strategy of downstream integration in the gas and power value chain in Europe. On 10 January 2018 TotalErg was acquired by Gruppo API , with the exception of the Special Fluids division, acquired by the newly formed Total Italia . In 2018, Total officially withdrew from

2832-458: The name Sigmor for the chain of stores he established during the 1940s and 1950s. In 1952, Sigmor was incorporated. In 1959, a restructuring took place which allowed each individual gas station to incorporate separately. In 1960, most of the chain was purchased by Shamrock and then leased back to Turner, who continued to lead the company. In 1978, Sigmor purchased its stations back from Diamond Shamrock, continuing to market DS products. By 1983, Sigmor

2891-457: The name change to TotalEnergies. In 2022, TotalEnergies announced it would end all operations in Myanmar , citing rampant human rights abuses and deteriorating rule of law since the 2021 Myanmar coup d'état and has also called for international sanctions targeting the oil and gas sector in the country, which is one of the main sources of revenue for Myanmar's government. As of 11 March 2022, Total

2950-474: The reorganization, Diamond Shamrock Corporation became Maxus Energy Corporation, severing all legal ties to the Diamond Shamrock Refining and Marketing Company. In 1990, Diamond Shamrock Refining and Marketing Company shortened its name to Diamond Shamrock, Incorporated, as it had taken the step of incorporating at that time. In 1985, the company had a $ 604.7 million loss. It restructured itself in

3009-608: The year before December 1986. On Wednesday December 3, 1986, T. Boone Pickens offered to buy Diamond Shamrock for $ 2 billion. Kit Freiden of the Associated Press stated "some analysts predicted the giant energy company would reject the offer." In 1988, the company's annual refinery sales were $ 1.8 billion. Diamond Shamrock owned and operated 529 stores. 423 of them were in Texas, with 94 of them in Greater Houston . The company owned an additional 64 stores in Colorado. In 1988,

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3068-522: Was also renamed as Diamond Shamrock R&M Inc. and would trade under DRM on the New York Stock Exchange . The split subsequently made Maxus Energy (NYSE: MXS) the largest energy company in the United States during that time. In November 1995, it was announced that Diamond Shamrock would acquire Houston -based National Convenience Stores Inc. , who operated business under the Stop-N-Go nameplate for USD$ 260 million, ruining Circle K’s opportunity to acquire

3127-461: Was announced that the Valero Energy Corporation had agreed to acquire Ultramar Diamond Shamrock for USD$ 4 billion, a deal that would make Valero Energy the second-largest oil refiner behind ExxonMobil . The acquisition was approved by the Federal Trade Commission on December 19 via an approval of a consent decree and was finalized and completed on January 2, 2002, ultimately ending the company’s operations. The merger of UDS and Valero would encompass

3186-430: Was one of the largest independent service-station chains in the USA. The merger gave Diamond Shamrock 600 retail outlets, plus the Three Rivers oil refinery which was built by Sigmor during the 1970s. In 1987, The Diamond Shamrock Refining and Marketing Company severed ties with Diamond Shamrock Corporation, which was the parent company, and became independent with its headquarters in San Antonio. At that time, as part of

3245-401: Was one of the only Western oil companies to continue operating in Russia after the Russian Invasion of Ukraine . In June 2022, TotalEnergies signed a partnership with QatarEnergy for the worlds largest LNG expansion project, the North Field East (NFE). Holding the largest stake, 6.25%, TotalEnergies will hold the equivalent of one of the four trains. In September 2022, an additional agreement

3304-412: Was operating 2,600 retail stores under the Vickers, Apco , Road Runner, and Total brands. That year, the company began remodeling and rebranding all of its North American gasoline and convenience stores to use the Total name. Four years later, Total sold its North American refining and retail operations to Ultramar Diamond Shamrock for $ 400 million in stock and $ 414 million in assumed debt. In 1996,

3363-418: Was signed to include the North Field South (NFS) which is the second phase of the NFE. This gave TotalEnergies a stake of 9.375% of the 25% stakes available to international companies. On 30 March 2023, Total sold a shipment of LNG which it sourced from UAE to CNOOC on the Shanghai Petroleum and Natural Gas Exchange. It was reportedly the first trade to be settled in the renminbi (Chinese yuan) currency on

3422-486: Was the first foreign investment in Iran since in the 2015 sanctions over Iran's nuclear weaponisation were lifted by the JCPOA . In 2017, Total announced the acquisition of Maersk Oil for $ 7.45 billion in a share and debt transaction. This deal positioned Total as the second operator in the North Sea. In 2017, Total signed an agreement with EREN Renewable energy to acquire an interest of 23% in EREN RE for an amount of €237.5 million. In November 2017, Total announced

3481-409: Was the nineteenth largest energy company in the United States in 1985 and had operations in nineteen states, but had a considerable presence in the states of Oklahoma , Colorado , Texas, New Mexico , and Ohio , with a notable presence within certain markets of California and New York . Diamond Shamrock also owned and operated its convenience store chain Corner Store, that became the predecessor of

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