We mined TotalEnergies’ acquisitions, investments, and partnerships to discern the company’s strategic priorities.
TotalEnergies is one of the largest oil and gas companies in the world, with $206B in 2021 revenue.
Like its global peers Shell and BP, TotalEnergies is putting a new business strategy into action to achieve carbon neutrality by 2050. The French major’s plan includes increasing its renewable energy capacities, reducing emissions, and boosting its number of EV charging points.
To address these priorities, TotalEnergies has engaged with startups and peers to conduct research, pilot, and eventually construct facilities for electric vehicle tech, chemical recycling, carbon capture, and more. The company is investing, partnering, and acquiring across the fossil fuel value chain to build a more sustainable version of its existing business segments, while simultaneously exploring new business lines.
Using CB Insights data, we uncovered the 6 most important strategic priorities highlighted by TotalEnergies’ acquisitions, investments, and partnerships since the beginning of 2018. We then categorized companies by their business relationships with TotalEnergies across these priorities:
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- Carbon capture, utilization, and storage (CCUS)
- Chemical recycling
- Electric vehicle tech
- Grid & utility tech
- Hydrogen tech
- Renewable energy
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