Company Report

Total refining and oil products summary

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Report summary

Total's corporate strategy is focused on upstream portfolio renewal, a growing gas portfolio and preparing for a low-carbon future. A stronger Total emerged from the downturn, following aggressive spending cuts, asset sales and greater capital discipline. Portfolio-wide divestment targets saw Total shed non-core downstream European assets while maintaining a focus cost reduction and improving market share where it has competitive advantage. Notably, Total effectively exited the Italian market when its joint venture with ERG was disbanded. The company also sold its fuels marketing businesses in Turkey and its minority stake in the Schwedt refinery. Total's European downstream position is now much leaner and concentrated around core supply areas where it retains a competitive advantage. Expansion of the global fuels marketing business is concentrated on high-growth regions outside Europe, notably Africa, Mexico and Saudi Arabia.      

What's included

This report contains

  • Document

    Total refining and oil products summary

    PDF 976.58 KB

Table of contents

Tables and charts

This report includes 13 images and tables including:

Tables

  • Executive summary: Table 1
  • Mergers and acquisitions: Table 1
  • Mergers and acquisitions: Table 2
  • European refining asset summary
  • European fuels retailing asset summary - end 2017

Images

  • Portfolio summary: Image 1
  • Total company position
  • Refining and oil products: Image 2
  • Supply Area A - France
  • Supply Area B - Germany
  • Supply Area C - Benelux
  • Supply Area D - UK
  • European retail network by country

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