TotalEnergies SE (TTE): history, ownership, mission, how it works & makes money

TotalEnergies SE (TTE): history, ownership, mission, how it works & makes money

FR | Energy | Oil & Gas Integrated | NYSE

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A Brief History of TotalEnergies SE (TTE)

Company Overview

TotalEnergies SE is a French multinational integrated oil and gas company headquartered in La Défense, Paris. As of 2024, the company operates in more than 130 countries.

Financial Performance

Financial Metric 2023 Value
Revenue $254.3 billion
Net Income $36.2 billion
Market Capitalization $158.7 billion
Total Assets $337.6 billion

Global Operations

  • Upstream operations in 47 countries
  • Refining capacity of 2.2 million barrels per day
  • Renewable energy portfolio of 35 gigawatts

Energy Production

Energy Segment 2023 Production
Oil Production 1.7 million barrels per day
Natural Gas Production 670,000 barrels of oil equivalent per day
Renewable Energy 15.2 gigawatts of installed capacity

Workforce and Global Presence

Total number of employees: 105,000 as of 2024

Sustainability Commitments

  • Net zero emissions target by 2050
  • 30% reduction in carbon intensity by 2030
  • $16 billion invested in renewable energy projects in 2023


A Who Owns TotalEnergies SE (TTE)

Ownership Structure

As of 2024, TotalEnergies SE has the following ownership composition:

Shareholder Category Percentage of Ownership
Total Group Shareholders 62.4%
Institutional Investors 26.7%
Individual Shareholders 7.5%
Employee Shareholders 3.4%

Major Institutional Shareholders

  • BlackRock Inc.: 5.2%
  • Capital Research and Management Company: 4.7%
  • Vanguard Group Inc.: 3.9%
  • Norges Bank Investment Management: 2.3%

Significant Shareholders Details

TotalEnergies SE is primarily controlled by French government-linked entities and institutional investors. The company's total market capitalization as of January 2024 is approximately €139.8 billion.

Shareholder Ownership Percentage Number of Shares
French State 1.4% 28.3 million shares
Total Group 62.4% 1.26 billion shares

Stock Market Listing

TotalEnergies SE is listed on Euronext Paris with ticker symbol TTE and is part of the CAC 40 index.



TotalEnergies SE (TTE) Mission Statement

Corporate Strategic Objectives

TotalEnergies SE aims to be a global multi-energy company producing and marketing energy across various sectors with a focus on low-carbon energy transition.

Key Performance Metrics

Financial Metric 2023 Value
Annual Revenue $254.3 billion
Net Income $36.2 billion
Total Assets $304 billion
Market Capitalization $156.4 billion

Energy Production Portfolio

  • Oil Production: 1.7 million barrels per day
  • Natural Gas Production: 685,000 barrels of oil equivalent per day
  • Renewable Energy Capacity: 18 gigawatts
  • Electricity Generation: 12 gigawatts

Global Operational Presence

Region Number of Countries
Africa 27
Middle East 12
Europe 20
Americas 15
Asia-Pacific 18

Carbon Emissions Strategy

  • Net Zero Emissions Target: 2050
  • Carbon Intensity Reduction: 30% by 2030
  • Investment in Renewable Energy: $3.5 billion annually


How TotalEnergies SE (TTE) Works

Company Overview

TotalEnergies SE is a multinational integrated energy and petroleum company headquartered in Paris, France. As of 2024, the company operates in 130 countries with 105,000 employees.

Business Segments

  • Exploration & Production
  • Integrated Gas, Renewables & Power
  • Refining & Chemicals
  • Marketing & Services
  • Segment Revenue (2023) Global Market Share
    $39.4 billion 3.2%
    $24.6 billion 2.8%
    $33.2 billion 4.1%
    $42.1 billion 3.5%

    Financial Performance

    Total revenue in 2023: $254.3 billion Net income: $36.2 billion Market capitalization: $156.7 billion

    Energy Production

    • Total daily hydrocarbon production: 2.9 million barrels per day
    • Renewable energy production: 18.5 gigawatts
    • Oil reserves: 10.2 billion barrels
    • Natural gas reserves: 15.6 trillion cubic feet

    Global Operations

    Operational presence in 130 countries Number of production sites: 286 Refineries: 17 Marketing networks: 52 countries

    Renewable Energy Investments

    Renewable Sector Investment (2023) Projected Capacity
    Solar $6.2 billion 25 gigawatts by 2030
    Wind $5.8 billion 20 gigawatts by 2030
    Bioenergy $2.4 billion 5 gigawatts by 2030

    Research & Development

    R&D investment in 2023: $1.6 billion Number of patents filed: 412 Active research centers: 12



    How TotalEnergies SE (TTE) Makes Money

    Revenue Streams

    TotalEnergies SE generates revenue through multiple business segments:

    Business Segment 2022 Revenue (Billion USD) Percentage of Total Revenue
    Integrated Gas, Renewables & Power 54.7 18%
    Exploration & Production 75.3 25%
    Refining & Chemicals 52.6 17%
    Marketing & Services 118.2 40%

    Upstream Operations

    TotalEnergies produces oil and gas across 130 countries with the following production metrics:

    • Total production in 2022: 2.9 million barrels of oil equivalent per day
    • Crude oil production: 1.6 million barrels per day
    • Natural gas production: 1.3 million barrels of oil equivalent per day

    Downstream Operations

    Refining and petrochemical operations generate significant revenue:

    Refining Capacity Petrochemical Production
    2.2 million barrels per day 22.4 million tons per year

    Renewable Energy

    TotalEnergies renewable energy portfolio includes:

    • Solar power capacity: 12 gigawatts
    • Wind power capacity: 7 gigawatts
    • Electricity generation from renewables: 36 terawatt-hours in 2022

    Financial Performance

    Key financial indicators for 2022:

    Metric Amount (Billion USD)
    Total Revenue 284.3
    Net Income 36.2
    Operating Cash Flow 54.7

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