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38 Pages Essays / Projects Year Uploaded: 2021

Headquartered in France, Total S.A. is a huge oil and gas company with operations in more than 130 countries, Total engages in all aspects of the petroleum industry, including (1) Upstream operations (oil and gas exploration, development and production, liquefied natural gas [LNG]) and (2) Downstream operations (refining, marketing, and the trading and shipping of crude oil and petroleum products). It also produces base chemicals (petrochemicals and fertilizers) and specialty chemicals for the industrial and consumer markets. Total has interests in coal mining and power generation and is active in solar-photovoltaic power, both in Upstream and Downstream activities. Total has subsidiaries, including Elf Aquitaine, Total Venezuela, Total E&P Nigeria SAS, and Total E&P USA, Inc., among others. For the first half of 2012, Total’s sales increased 10 percent and cash flow from operations increased 6 percent year-over-year (as measured in euros). Return on equity for the first six months of the year was 17.5 percent. Total is executing on new initiatives in Thailand, the Norwegian Sea, and Italy, which should drive future production growth.


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