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Total (company)

Total S.A. (; or ) is a French multinational integrated oil and gas company and one of the six "Supermajor" oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer. The company has its head office in the Tour Total in La Défense district in Courbevoie, west of Paris.HistoryCompagnie française des pétroles (CFP): 1924–1985The company was founded after World War I, when the then French Prime Minister Raymond Poincaré rejected 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 ninety banks and companies founded Total on 28 March 1924, as the Compagnie française des pétroles (CFP), literally the "French Petroleum Company". Petroleum was seen as vital in the case of a new war with Germany. As per the agreement reached during the San Remo conference of 1920, the French state received 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 CPF in TPC (later renamed the Iraq Petroleum Company in 1929) to 23.75%. The company from the start was regarded as a private sector company in view of its listing on the Paris Stock Exchange in 1929.
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Total (company)

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Category: Organization
Found: 13.08.2015

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