Total, S.A.

Last edited by lenazun on November 25, 2009 - 1:18pm
Company Snapshot: 

Total, one of the world's largest oil companies, is headquartered in Paris, France. Its business segments include oil and gas exploration and production, transportation, refining, petroleum product marketing, international crude oil and product trading, and power generation.

Number of employees worldwide: 
111,000
Chief executive officer: 
Christophe de Margerie, CEP
Global Fortune 500 rank: 
6
CrocTail subsidiary information
Embedded CrocTail tool for interactively exploring information on company subsidiaries parsed from SEC filings. More information...
croctail_subsidiary_panel: 

Corporate accountability
Human rights: 

Burma:

Activists including the UK-based Burma Campaign accuse Total of propping up Burma's brutal military junta through a joint venture agreement to develop an offshore gas field in the Andaman Sea and the Yadana gas project in southern Burma. The gas projects earn the regime hundreds of millions of dollars every year. Total has been in Burma since 1992.

In April 2003, the Oil and Gas Journal reported that the TOTAL-led consortium was also involved in the development of the Sein and Badamyar fields in the Gulf of Martaban adjacent to the Yadana field.

According to Burman Campaign UK, Aung San Suu Kyi, Burma’s democracy leader, has said that “TOTAL is the biggest supporter of the military regime in Burma.” She told the French weekly Le Nouvel Observateur that "TOTAL knew what it was doing when it invested massively in Burma while others withdrew from the market for ethical reasons....[T]he company must accept the consequences. The country will not always be governed by dictators." (AFP, Paris, May 17, 2000, as cited in "TOTALitarian Oil".)

According to Burma Campaign UK, the consequences of TOTAL's presence in Burma include:

  • Influence on French foreign policy, making the French government an obstacle to strengthening the EU's Common Position on Burma, especially with regards to sanctions;
  • Providing significant income to the Burmese regime, despite its appalling human rights record. That income is estimated at hundreds of millions of dollars annually;
  • Human rights abuses by Burmese Army troops hired by the company through Myanmar Oil and Gas Enterprise (MOGE).
  • Serious human rights abuses associated with the Yadana pipeline project, including forced labor, forced relocation, beatings, torture, rape, and the use of civilians as human mine sweepers. The revenue from the pipeline has also been associated with weapons purchases by the military.

Despite the charges, TOTAL has maintained that it plays a positive role in Burma -- claiming its presence provides for a type of "constructive engagement" with the regime. Yet the company is contractually bound not to engage in any political activities judged unsuitable by military authorities: "The Contract shall be terminated in it entirety by MOGE if irrefutable evidence is brought that (TOTAL) is involved willingly with political activities detrimental to the Government of the Union of Myanmar." (PSC (Production Sharing Contract) TOTAL-MOGE, page 85, 9 July 1992, as cited in "TOTALitarian Oil", note # 28).

History

Created after WWI at the insistence of French Prime Minister Poincare, by Col. Ernest Mercier, with support from ninety banks and companies. The official founding date is March 28, 1924. The original name was Compagnie francaise des petroles (CFP), literally the "French Company of Petroleums". From the start it was a private sector company, listed on the Paris Stock Exchange beginning in 1929.

The company was renamed Total CFP in 1985, Total in 1991, Total Fina in 1999 (after Total took over Petrofina), and TotalFinaElf after merging with Elf Aquitaine (another French company) in 2000. It was renamed back to Total in 2003.

Total operates in over 130 countries. As recently as 1992, the French government still held 5% of the firm's shares, down from a peak of thirty percent. Foreign ownership of the firm rose from 23% to 44% between 1990 and 1994.