March 28, 1924: TotalEnergies is 100!
March 28 2024 - 3:33AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):
Today, TotalEnergies’ 100,000 employees in 120 countries
worldwide are pleased and proud to celebrate the 100th anniversary
of the Company’s creation. TotalEnergies’ 100-year history tells
the story of the world and energy, from the 1920s to the present
day.
A bold and visionary decision
On March 28, 1924, Compagnie Française des Pétroles was founded
in France, a country without any oil. This bold and visionary move
marked the start of a century-long saga. To secure France’s energy
supply, our company would travel to the four corners of the globe,
adapting and growing throughout the century and its many
technological and geopolitical upheavals.
Pioneers for 100 years
Unlike our rivals of the day, we did not have access to local
resources. That is why we built our competitive advantage on
international expansion and technical prowess. These two factors
have shaped our pioneer spirit and our journey to this day. Over
the years, we have continuously pushed back the boundaries – both
technical and geographical – while also adapting to changing needs
and customer expectations. This is how we accompanied the
remarkable progress and development that took place in modern
society during the 20th century. We also acquired additional
expertise and experience by teaming up with Petrofina and
Elf-Aquitaine, and more recently with Maersk Oil, Saft or Direct
Energie.
Becoming a multi-energy company
While oil was the energy of the 20th century, natural gas and
decarbonized power are central to the energy system of tomorrow.
Natural gas is necessary to the energy transition, as a support for
the rise of intermittent renewables and as a substitute for coal,
which emits twice as much CO2 in power generation. TotalEnergies is
currently the world’s third-largest player in liquefied natural gas
(LNG). And in electricity, we are one of the most dynamic solar and
wind power developers in the world. Electricity is the energy at
the heart of decarbonization and the 21st century will clearly be
electric.
Driving the energy transition
Since 2020, we have been resolutely implementing a transition
strategy anchored around two pillars: hydrocarbons (including LNG)
and electricity. We have the ambition to successfully achieve our
transition and support our customers with theirs. Our challenge is
to supply the world with the affordable energy required for its
development while also reducing emissions. That is the "just,
orderly and equitable" transition called for by COP28. Drawing on
the pioneer spirit that guides us, we will continue to adjust and
adapt as needed to be part of the story of energy for another 100
years!
***
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to energy that is
ever more affordable, more sustainable, more reliable and
accessible to as many people as possible. Active in nearly 130
countries, TotalEnergies puts sustainable development in all its
dimensions at the heart of its projects and operations to
contribute to the well-being of people.
@TotalEnergies TotalEnergies TotalEnergies TotalEnergies
Cautionary Note The terms “TotalEnergies”, “TotalEnergies
company” or “Company” in this document are used to designate
TotalEnergies SE and the consolidated entities that are directly or
indirectly controlled by TotalEnergies SE. Likewise, the words
“we”, “us” and “our” may also be used to refer to these entities or
to their employees. The entities in which TotalEnergies SE directly
or indirectly owns a shareholding are separate legal entities. This
document may contain forward-looking information and statements
that are based on a number of economic data and assumptions made in
a given economic, competitive and regulatory environment. They may
prove to be inaccurate in the future and are subject to a number of
risk factors. Neither TotalEnergies SE nor any of its subsidiaries
assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this
document whether as a result of new information, future events or
otherwise. Information concerning risk factors, that may affect
TotalEnergies’ financial results or activities is provided in the
most recent Universal Registration Document, the French-language
version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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