33france profile dating


13-Jul-2017 00:54

Later in 1991, the name was changed to Total, when it became a public company listed on the New York Stock Exchange.

The French government, who used to control more than 30 percent of the company's stock in 1991, reduced its stake in the firm to less than 1 percent by 1996 In the time period between 19, foreign ownership of the firm increased from 23 per cent to 44 per cent.

The company was founded after World War I, when then French Prime Minister Raymond Poincaré rejected the idea of forming a partnership with Royal Dutch Shell in favour of creating an entirely French oil company. Ernest Mercier with the support of ninety banks and companies founded Total on 28 March 1924, as the Compagnie française des pétroles (CFP), literally the "French Petroleum Company".

Petroleum was seen as vital in the case of a new war with Germany.

On 20 October 2014, at MST a Dassault Falcon 50 business jet heading to Paris caught fire and exploded during takeoff after colliding with a snow removal vehicle in Vnukovo International Airport, and killing four, including three crew members and CEO of Total S. Patrick Pouyanné was appointed chairman of Total on December 16, 2015, in addition to his role as CEO.

In February 2015, Total unveiled plans to cut 180 jobs in the United Kingdom, reduce refinery capacity and slow spending on North Sea fields after it fell to a .7bn final-quarter loss.

Meanwhile, Total continued to expand its retail presence in North America under several brand names.

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During that rebranding, the current globe logo was unveiled. In May 2006, Saudi Aramco and TOTAL signed a MOU to develop the Jubail Refinery and Petrochemical project in Saudi Arabia which targeted 400,000 barrels per day (bpd).

In addition Total had other significant equity holdings amounting to about 3bn euros, treated as investments and was involved in a number of significant joint ventures, mostly relating to LPG and LNG exploration, production and shipping.