TotalEnergies' revenue 2010-2022

TotalEnergies, formerly Total SE, generated a revenue of 281 billion U.S. dollars in 2022. This represented an increase of roughly 37 percent in comparison to the previous year. In 2020, the company reported the lowest revenue within the indicated period. The coronavirus pandemic and resulting fall in oil demand was the main reason for the decline in revenues in 2020.

Company history

Founded in 1924, TotalEnergies is a French multinational oil and gas corporation that specializes in the entire oil and gas supply chain. From first producing oil in the Middle East, they have since expanded to global operations. It is considered among the oil supermajors, the largest publicly traded oil and gas producers. TotalEnergies is also involved in the chemical manufacturing industry and operator of numerous gas stations, being the third-largest petrol station brand in Germany, Europe's biggest car market. The company is headquartered in Paris-Courbevoie.

TotalEnergies' fiscal situation

TotalEnergies' total assets usually decline in years of oil crisis, as was the case between 2014 and 2015, and in 2020. However, overall the value of assets held by TotalEnergies saw a net increase between 2010 and 2022. In the same period of consideration, TotalEnergies' capital expenditure fell, reaching 19.8 billion U.S. dollars in 2022. TotalEnergies is comprised of five revenue generating segments - Exploration & Production, Gas, Renewable & Power, Refining & Chemicals, Marketing & Services, and Corporate. Their Refining and Chemicals segment is consistently their most profitable or second most profitable segment. This segment includes TotalEnergies' refining, petrochemicals, and their specialty chemicals businesses.