TotalEnergies: What's Behind the Name Change, and What Surprises Can This Established Energy Company Deliver?

Thanks to strong performance in petrochemical products and European refining operations, the Refining & Chemicals segment’s adjusted net operating income surged year-on-year to $602 million in Q3 2021, compared with a loss of $88 million in Q3 2020. European refining margins were negative in 2020. II. Corporate Development Strategy In May this year, the company officially rebranded as TotalEnergies, primarily to underscore its strategic shift from fossil fuels toward clean energy and its ambition to become a diversified energy company. It is currently advancing both traditional energy and renewable energy businesses simultaneously. 01 Traditional Industries In Q3 2021, oil and gas production reached 2.814 million barrels of oil equivalent per day, up 4% year-on-year. Due to increased OPEC+ production quotas, oil and gas prices rose sharply, and production rose 2% quarter-on-quarter to 2.814 million barrels of oil equivalent per day. Oil demand has steadily recovered to pre-crisis levels, driving consecutive price increases. In mid-October, Brent crude reached $85 per barrel—near a seven-year high. Crude output is gradually rising due to OPEC+’s controlled production increases and persistently declining crude inventories. Additionally, recovering fuel demand from the aviation sector is further supporting elevated oil prices. Natural gas market growth began in the first half of this year and accelerated in Q3, with record-high prices observed across both European and Asian markets. Unless winter proves unusually mild, low inventory levels and sustained demand expectations will likely keep natural gas prices elevated in Europe and Asia. TotalEnergies remains actively involved in traditional oil and gas investments. Although the company holds substantial stakes across Texas and North America—facilitating shale gas production and refined oil product processing—its strategic decisions have led it to scale back shale gas development. While avoiding the massive write-downs incurred by oil giants such as ExxonMobil and Chevron, TotalEnergies still recorded a $7 billion impairment on oilfield assets. Its strategic stance against developing carbon-intensive assets enhances crisis resilience and improves prospects for finding buyers and recouping investment on impaired assets. 02 Renewable Energy While retaining its fossil-fuel assets, the company is intensifying investments in new energy sectors. Its net investment in 2021 is expected to approach $13 billion, with 25% specifically allocated to renewables and power-related projects…

Global Brand Highlights (July 2023)

On July 1, HDFC Bank Limited—the largest privately owned bank by market capitalization in India—and HDFC Limited—the country’s largest housing finance institution—officially completed their merger process, which began in April 2022. The merged bank is valued at approximately $172 billion, ranking fourth globally, behind JPMorgan Chase, Industrial and Commercial Bank of China (ICBC), and Bank of America. The newly formed HDFC Bank will serve around 120 million customers—more than Germany’s total population—and operate over 8,300 branches with more than 177,000 employees. Prior to the merger, HDFC Bank already dominated the Indian banking landscape; post-merger, it surpassed global banking giants HSBC and Citigroup, and significantly outpaced other Indian banks—including State Bank of India (valued at ~$62 billion) and ICICI Bank (~$79 billion). Microsoft Wins Legal Battle to Acquire Activision Blizzard Largest Gaming Industry Deal Set to Close [Event Type: Brand Acquisition] On July 11, a U.S. court rejected the Federal Trade Commission’s (FTC) request for an injunction, clearing Microsoft to proceed with its $69 billion acquisition of Activision Blizzard. This ruling signifies judicial approval of the deal and marks the failure of the FTC’s attempt to block it. Following the news, Activision Blizzard’s stock surged over 11% during U.S. trading hours on July 11. Microsoft already owns the Xbox gaming console brand. Last year, it announced plans to acquire Activision Blizzard to expand its footprint not only in the video game industry but also in the broader ‘metaverse’ ecosystem. Founded in California in 2008 and listed on the NASDAQ, Activision Blizzard is included in the S&P 500 Index and ranks among the highest-valued video game companies in North America and Europe, having developed blockbuster titles including Call of Duty and World of Warcraft. Upon completion of the acquisition, Microsoft would become the world’s third-largest video game publisher, trailing only Tencent and Sony. TotalEnergies Signs $27 Billion Deal To Build Four Major Projects in Iraq [Event Type: Product/Brand Initiative] On July 10, French energy giant TotalEnergies signed a $27 billion energy development agreement with the Iraqi government: over the next four years, TotalEnergies will develop four large-scale oil, gas, and renewable energy projects in Iraq. According to Reuters, the two parties had reached a preliminary agreement in 2021, but final terms were only concluded in April this year following internal disagreements within Iraq over contractual clauses: under the agreement, Iraq…

TotalEnergies and Iraq Agree to Launch Energy Project Talks

Sep 14, 2026

TotalEnergies and Iraq have agreed to begin discussions on energy projects aimed at boosting oil production and energy transition. The announcement coincided with a separate roadmap for French defense equipment acquisitions.

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TotalEnergies and Iraq Agree to Launch Energy Project Talks

TotalEnergies and Iraq Agree to Launch Energy Project Talks

FAQ