Total defies the odds
Succession of acquisitions and project ramp-ups help strengthen the company’s portfolio in a tough environment for the sector
Last year was an ordeal to test the finances of any commodity-focused energy producer—global prices stubbornly resisted all but the most short-term bullish triggers while grinding lower on fears of stuttering oil demand growth. Intensified tensions in the Middle East brought a double whammy of only the briefest price spikes while injecting volatility and investor uncertainty. But, while economic conditions were challenging, full-year financial results from Total show that not every international oil company (IOC) must necessarily suffer, if an individual firm is correctly positioned to cope with a rapidly changing industry and prolonged uncertainty. The French major recorded $28.5bn in free
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
