TotalEnergies - M&A Summary and Business Overview

Oil/gas ExplorationCompany

TotalEnergies M&A Summary

TotalEnergies has acquired 25 companies, including 16 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 14 assets.

TotalEnergies’ largest acquisition to date was in 2019, when it acquired Anadarko Petroleum - Africa Assets for $8.8B. It’s largest disclosed sale occurred in 2023, when it sold Total Eren SA to TotalEnergies SE for $4.3B. TotalEnergies has acquired in 2 different US states, and 12 countries. The Company’s most targeted sectors include oil/gas exploration (28%) and renewable energy (23%).

TotalEnergies Business Overview

Where is TotalEnergies headquartered?

TotalEnergies is headquartered in Courbevoie, France.

What is TotalEnergies’ revenue?

TotalEnergies disclosed revenue of 218,945M USD for 2023 and 263,310M USD for 2022.

How many employees does TotalEnergies have?

TotalEnergies has 102,579 employees.

What sector is TotalEnergies in?

TotalEnergies is an oil/gas exploration company.

When was TotalEnergies founded?

TotalEnergies was founded in 1924.

M&A Summary

  • M&A Total Activity31
    • M&A Buy Activity20
    • M&A Sell Activity11
  • Total Sectors Invested 12
  • Total Countries Invested 12
  • M&A Buy/Sell Connections 25
  • M&A Advisors 1

TotalEnergies

TotalEnergies SE

Tour Coupole - 2 place Jean Millier Paris la Défense cedex,
Courbevoie, 92078
France,
+33 1 47 44 60 00
www.totalenergies.com

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables, and electricity. TotalEnergies was founded in 1924 and is based in Courbevoie, France.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 13 3 - 1 1 2 20
vol $9.9B $580M $250M $1.0B $11.7B
Sell (0.6/yr) # 8 - - 1 2 - 11
vol $4.1B $4.3B $8.4B
  31

Most Recent M&A

Company Date Value Type
SapuraOMV Upstream 2024-01-31 903M USD Divestiture
Kuala Lumpur, Malaysia · www.sapuraenergy.com/services/exploration-production
Kyon Energy Solutions GmbH 2024-01-23 101M EUR Add-on Acquisition
Munich, Germany · www.kyon-energy.de
Ombrea 2023-09-28 - Add-on Acquisition
Aix-en-Provence, France · www.ombrea.fr
Total Eren SA 2023-07-25 4.3B EUR Trade Sale
Paris, France · www.total-eren.com
TotalEnergies - European Assets 2023-03-16 - Divestiture
Paris, France
Compagnie Electrique de Bretagne 2022-04-27 - Stake Sale
Landivisiau, France · www.landivisiau-lacentrale.com
SunPower - Commercial & Industrial Solutions 2022-02-10 250M USD Divestiture
San Jose, California
Blue Point London 2020-09-29 - Divestiture
London, United Kingdom
Energias de Portugal, S.A. - B2C Commercial Business and Two Gas-Fired Combined Cycle Power Plants 2020-05-18 580M EUR Divestiture
, Spain
Tullow Oil plc - Uganda Lake Albert Project 2020-04-23 - Divestiture
, Uganda
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 6 (27%) 10.3B (64%) 3 (27%) 635M (8%)
Renewable Energy 5 (23%) 4.5B (28%) 2 (18%) 4.3B (51%)
Chemicals 1 (5%) - 3 (27%) 3.2B (38%)
Energy Services and Equipment 2 (9%) 116M (1%) 1 (9%) 293M (3%)
Retail 1 (5%) - 1 (9%) -
Utilities 1 (5%) - 1 (9%) -
Agriculture 1 (5%) - - -
Business Services 1 (5%) - - -
Consumer Services 1 (5%) - - -
Electrical Equipment 1 (5%) 1.1B (7%) - -
Internet Software and Services 1 (5%) - - -
Technology Hardware 1 (5%) - - -
Total 22 $16.0B 11 $8.4B

By Geo

State/Country Buy Value Sell Value
France 10 5.4B 7 4.6B
Netherlands 1 - 1 3.2B
United Kingdom 1 - 1 635M
United States 2 265M - -
  Texas 1 15M - -
  California 1 250M - -
Belgium 1 - - -
Brazil 1 - - -
China - - 1 -
Germany 1 101M - -
Italy - - 1 -
Malaysia 1 903M - -
Mozambique 1 - - -
South Africa 1 8.8B - -
Spain 1 580M - -
Uganda 1 - - -
Domestic 10 (45%) 5.4B (33%) 7 (64%) 4.6B (54%)
Cross-border 12 (55%) 10.6B (67%) 4 (36%) 3.8B (46%)
Total 22 $16.0B 11 $8.4B

Top M&A Advisors

Financial Deals
Messier Maris & Associés
 1

Deal Values

buy # Total
> $1B 3 $14.2B
$100M to $1B 4 $1.8B
< $100M 1 $15M
TOTAL $16.0B
Largest Anadarko Petroleum Corp. - Africa Assets
$8.8B (2019-05-05)
sell # Total
> $1B 2 $7.5B
$100M to $1B 2 $928M
TOTAL $8.4B
Largest Total Eren SA
$4.3B (2023-07-25)

M&A Connections

Deals
Acquired from
Investor(s)
18%
4 (18%)
Strategic(s)
50%
11 (50%)
Divested to
Investor(s)
18%
2 (18%)
Strategic(s)
91%
10 (91%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

218,945   17% 2023
263,310   43% 2022
184,634   55% 2021
119,704   33% 2020
176,249   5% 2019
184,106   24% 2018
149,099   17% 2017
127,925   11% 2016
143,421   33% 2015
212,018   2014
(millions of USD) Show More Show Less

Employees

102,579

Established

1924

Public

NYSE: TTE

Former Name

TOTAL SE

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