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Total company history timeline

1924

Ernest Mercier with the support of ninety banks and companies, after World War I, on March 28, 1924.

Total originated in Paris in 1924 as Compagnie Française des Pétroles (“French Petroleum Company”) on the initiative of the French government.

The balanced supply from around the world which Raymond Poincaré had hoped for in 1924 had not been achieved.

Created in 1924 to enable France to play a key role in the great oil and gas adventure, Total Group has always been driven by an authentic pioneering spirit.

1929

The official convention between the government and CFP which enshrined this new shareholding relationship was signed on March 19, 1929.

Appropriately enough, TPC changed its name to the Iraq Petroleum Company in June 1929.

In 1929 Bloch and his senior colleague, Lucien Febvre, founded the Annales d’histoire économique et sociale, a journal dedicated to overcoming disciplinary and national boundaries and promoting a more human, accessible history.

1934

The Compagnie Fran&ccedilse de Raffinage (CFR) was founded in April 1929. It had to wait until the next year for the first shipment of CFP's own oil from Iraq; the necessary pipeline from the wells to the Lebanese port of Tripoli was not in operation until July 1934.

1937

The introduction of catalytic cracking in 1937 and increased supplies of natural gas brought further expansion of the industry.

1939

The discovery of gas at Saint-Marcet in the summer of 1939 was made by a small exploration syndicate set up with public funding earlier in the decade to prospect for oil and gas in the region.

1939: Gas field discovery in France leads to founding of Régie Autonome de Pétroles (RAP).

1942

Total S.A. is a multinational oil and gas company established in 1942 as Compagnie française des pétroles in France.

1943

After the Nazis occupied all of France, he joined the French Resistance in 1943 and became a leader.

1945

Mény's successor, Marcel Champin, died in 1945, leaving the task of determining CFP's postwar strategy to his deputy, Victor de Metz, who was to serve as chairman for 25 years.

More threatening for CFP in the long run was President Charles de Gaulle's creation in 1945 of the Bureau de Recherches de Pétrole (BRP), which was much later to form one of the constituent parts of Elf Aquitaine.

1945: Bureau de Recherches de Pétrole (BRP) is established.

1950

The model for a new relationship with the Middle Eastern governments was the 50-50 profit-sharing agreement signed by the Saudi government and the United States oil producers' consortium Aramco in 1950.

1951

The Lacq gas field, discovered by SNPA in southwest France in December 1951, was huge by French standards and impressive enough by any standards with reserves estimated at 250 billion cubic meters.

1952

Another major boost to CFP's supplies resulted from the opening of a new 30-inch pipeline from Kirkouk in Iraq to the Syrian port of Banias in November 1952.

1954

The company delved into chemistry in 1954, the beginning of the plastics age.

1957

The plan was first tested in Africa and then brought to France in 1957.

1959

By 1959 it was looking at ways of refining and selling it.

1960

April 1960 saw the creation of l'Union Générale des Pétroles (UGP) to refine and distribute oil from the Hassi Messaoud field in Algeria.

The company also had crude oil and finished products cross the world in ships, and entered into the aircraft fuels market in 1960, establishing Belgo Chim at Geluy, Belgium's center region.

1962

By 1962, the future Total and Elf groups realized that they needed to find resources other than those in Algeria, and to examine the political risks associated with their reserves.

1965

Sara Miller McCune founded SAGE Publishing in 1965 to support the dissemination of usable knowledge and educate a global community.

1965: TOGB, with Petrofina, constructs and operates a new refinery near Killingholme.

1966

Petrofina began a large-scale exploration of the North Sea, finding gas in 1966 in the British Sector.

1968

Similarly, Total signed a memorandum of understanding with Saudi Aramco in 2006 to create a refinery in Saudi Arabia with a target of producing 400,000 barrels per day. It started expanding its business further with an operation in Kashagan which became the biggest discovery of oil reserves since 1968.

1971

A deal with the Algerians was finally struck in June 1971.

In 1971 the Algerians nationalized the assets of both CFP and Entreprise de Recherches et d'Activités Pétrolières as it had now become.

In 1971, the future Elf and Total formed Ato Chimie, which grouped all their chemical activities under one roof.

1972

The success of this arrangement in Iraq provided a framework for the amicable resolution of Franco-Iraqi differences when the Iraqi government nationalized the assets of the Compagnie Française des Pétroles, among others, in 1972.

1975

The group's refining capacity was still concentrated in France, although in 1975 sales abroad outstripped sales in France for the first time.

The year 1975 found joint operations with ATO Chimie becoming increasingly difficult.

1977

De Gaulle chose Pierre Guillaumat as the first chairman of BRP. Then 36 years old, Guillaumat was to prove the single most influential figure in the history of Elf Aquitaine, later retiring as chairman of Elf in 1977.

1979

Replacing him was 15-year company veteran Thierry Desmarest, who almost immediately closed a US$610 million deal to develop two offshore oil fields in Iran; TOTAL thus became the first foreign oil company allowed back in Iran since the overthrow of the Shah in 1979.

Even so, the government encouraged the formation of Chloé Chimie in 1979, a second joint venture specializing in chlorochemicals, with the assets coming from Rhône-Poulenc, with Elf and Total holding 80.5 percent of the newly established company's equity.

1981

Albin Chalandon, who became chairman, raised Elf Aquitaine's profile in the United States through the acquisition in 1981 of Texas Gulf.

1985

Building on the popularity of its gasoline brand, the company renamed itself Total CFP in 1985.

1989

In 1989, Atochem expanded into performance chemicals.

1991

As the brand Total gained popularity, the company renamed itself as Total CFP. The name was changed in 1991 to Total.

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

Two hundred subsidiaries were abolished, saving hundreds of millions of francs in expenses, and were replaced by a mere six profit centers; one-seventh of TOTAL's service stations network was closed in 1991; and about 6,500 jobs were eliminated.

1993

In 1993 production began at a gas field in Thailand at Bongkot.

1994

In 1994, the French government sold all but 13 percent of its controlling interest in Elf, generating nearly $6 billion in the process.

1995

1995: Thierry Desmarest is made CEO of Total.

1999

Total was acquired by Petrofina in 1999 and renamed as Total Fina.

2000

219). Foucault argues that total history overlooks details and differences at particular places and times. (Philo 2000, p.210). Foucault’s critique to total history can thus be said to emerge from a post-modern belief that nothing is fundamental (Philo 2000, p.211).

After Petrofina acquired Elf Aquitaine, the company was again renamed to TotalFinaElf in 2000.

According to Forbes, it is considered one of the top 2000 largest public companies in the world.

2002

However, Total's profits fell 36 percent in the first quarter of 2002 because of lower commodity prices and a plunge in European refining margins.

2002: Total Fina Elf invests in Russina Vankorskoye project in East Siberia with Anglo Siberian Oil Company.

2003

In 2003, Total acquired a 30% stake in a Saudi Arabian gas exploration Venture.

2006

Similarly, Total signed a memorandum of understanding with Saudi Aramco in 2006 to create a refinery in Saudi Arabia with a target of producing 400,000 barrels per day.

2008

In 2008, Total was ordered to pay an amount of 192 million Euros as compensation to the victims of pollution caused by the shrinking of its ship.

2013

In 2013, Total announced its partnership with Veolia Environment SA.

Total settled a 2013 Iran bribery case with a huge payment of $398 million Euros.

Total generated revenue of 171.65 billion Euros in 2013 and a total profit of 17.81 billion Euros.

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