Related Articles
Forward article link
Share PDF with colleagues

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 quar

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Gas at the heart of Iraq’s transition
21 October 2021
While oil has grabbed the headlines for Iraq, tapping its gas potential could transform the country’s economic fortunes
Petrobras’ downstream dilemma
21 October 2021
President Bolsonaro considers privatising the NOC as fuel prices climb and divestments drag
Corallian seeks bidders
21 October 2021
The pre-production North Sea independent has put itself up for sale
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video