27 November 2017
Energy Company of the Year—large cap
Total
Total's multi-billion-dollar acquisition of Danish firm Maersk Oil shows it is a company committed to building economies of scale and that oil and gas M&A was back with a vengeance. The $7.45bn deal announced in August, in which AP Moller-Maersk will receive $4.95bn in Total shares while Total will take on $2.5bn of Maersk Oil debt, reinforced Total's position as one of the major players in the North Sea—and beyond. The deal is expected to close in the first quarter of 2018. The firm's financial results show it is one of the most resilient of the oil and gas majors. Adjusted net income for the first nine months of this year was over 30% higher than a year earlier, at $7.7bn. Third quarte
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