France-based TotalEnergies SE is among the top five publicly traded global integrated oil and gas companies based on production volumes, proved reserves and market capitalization. The company has operations in more than 130 countries across five continents. The company was founded in 1924. The company has changed its name from TOTAL SE to TotalEnergies SE, which better reflects its transition toward a broad energy company. The new trading symbol of the company is TTE.

The company’s operations are divided into five main segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals and Marketing & Services. TotalEnergies aims to spread its low-carbon businesses by expanding in downstream gas and renewable energies as well as in energy efficiency businesses.

The Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals and Marketing & Services segments contributed 43.6%, 24.7%, 7.4%, 18.5% and 5.8%, respectively, to net operating income for 2023. TTE has divided its Integrated Gas, Renewables & Power into two new segments, Integrated LNG and Integrated Power.

TotalEnergies reported reserve replacement of 141% in 2023 and proved reserve index of more than 12 years at 2023 end.

TotalEnergies’ profile will be transformed over the 2020-2030 time period. The company will now focus on increasing energy production from LNG, and clean electricity, and has installed nearly 22 gigawatts (GW) of gross renewable capacity by the end of 2023. In 2023, gross installed renewable capacity grew by nearly 6 GW from 2022-end levels. Contribution from oil products is expected to decline to 30% of sales from 55% in the said time frame.

TotalEnergies invested $6.42 billion to acquire new assets across the globe to further expand its multi-energy operations and sold assets worth $7.71 billion in 2023, which were not in sync with the company’s long-term growth objectives.