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History of Oil
Top 10 US Oil Giants
These are the ones to thank for the high gas prices.................................The rich get richer!
Let's take you to the beginning of time, the lucky ones!.........Find out where it came from!
Other World Oil Giants
Total S.A. (Euronext: FP, NYSE: TOT) is an oil company headquartered in Paris, France, and one of the six "Supermajor" oil companies in the world. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. Total is also a large-scale chemicals manufacturer.
Rejecting the idea of partnering with Royal Dutch Shell, French Prime Minister Raymond Poincaré insisted after World War I that France create an entirely French oil company. At Poincaré's behest, Col. Ernest Mercier, a graduate of the École Polytechnique expert in the electric industry, enlisted the support of ninety banks and companies to found Total on March 28, 1924, as the Compagnie française des pétroles (CFP), literally the "French Company of Petroleums". Petroleum was seen as vital in the case of a new war with Germany. However, the company was from the start a private sector company (it was listed on the Paris Stock Exchange for the first time in 1929). CFP took up the 23.75% share of Deutsche Bank in the Turkish Petroleum Company (renamed the Iraq Petroleum Company), awarded to France as compensation for war damages caused by Germany during World War I by the San Remo conference.
In 1985 the company was renamed Total CFP. In 1991 the company name became simply Total. After Total's takeover of Petrofina in 1999, it became known as Total Fina. Afterwards it also acquired Elf Aquitaine. First named TotalFinaElf after the merger in 2000, it was later renamed back to Total in 2003.
Type Public (Euronext: FP, NYSE: TOT)
Headquarters La Défense, Paris, France
Key people Christophe de Margerie, CEO, Thierry Desmarest, Chairman
François Cornélis, Vice-Chairman, President of Chemicals,Robert Castaigne, CFO
Industry Oil and Gas
Products Oil, Natural gas, Petrochemical products, Total stations, Elf stations
Revenue ?$153.802 billion(2006)+12%
Operating income ? $25.166 billion (2006)+7%
Net income ? $12.585 billion (2006) +5%
Employees 111,401 (2004)