Total Changes Name
Total SE (NYSE: TOT) has announced that a resolution to change the company’s name to TotalEnergies was almost unanimously approved by shareholders at its latest ordinary and extraordinary shareholders’ meeting.
In tandem with its name change, TotalEnergies has adopted a new visual identity, which can be seen on the company’s website. TotalEnergies outlined that the name change anchors the company’s strategic transformation into a broad energy company in its identity.
“This new name and new visual identity embody the course TotalEnergies has resolutely charted for itself; that of a broad energy company committed to producing and providing energies that are ever more affordable, reliable, and clean,” Total said in a statement posted on its site.
Commenting on the name change, Patrick Pouyanné, the company’s chairman and chief executive officer (CEO), said, “energy is life. We all need it and it’s a source of progress”.
“So … to contribute to the sustainable development of the planet facing the climate challenge, we are moving forward, together, towards new energies. Energy is reinventing itself, and this energy journey is ours,” he added. “Our ambition is to be a world-class player in the energy transition. That is why Total is transforming and becoming TotalEnergies,” the TotalEnergies CEO went on to say.
Back in February this year, Pouyanné announced to the company’s employees that the board of directors had decided to ask for shareholder approval to change the group’s name from Total to TotalEnergies.
TotalEnergies describes itself as a broad energy company that produces and markets energies on a global scale. The company - which is involved in oil and biofuels, natural gas, green gases, renewables, and electricity - has 105,000 employees and is active in more than 130 countries, its website shows. TotalEnergies is headquartered in Paris, France.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Analyst Says USA Influence on Middle East Seems to be Fading
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally