Categotry Archives: Total

Major comparison

Following on from this post, I thought it would be interesting to do a little digging and prepare charts for each supermajor showing their revenue, profit, staff headcount, and profit per employee for the past 3 years. Once again, I will state that this is a pretty crude method of judging a company’s performance.  One obvious shortcoming is the fact that as Upstream revenues have dropped, the profitability of Downstream sectors – which are more labor-intensive – has increased, and so one […]

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Where the axe should fall

ExxonMobil bucks layoff trend reports Upstream Online. ExxonMobil will not make any major staffing cuts or reorganisations of its corporate structure, bucking a growing trend within the industry of operators slashing their headcounts in order to preserve cash amidst the steepest decline in oil prices in decades. I suspect the reason for this is that they were running a pretty lean operation to begin with.  Take a look at the table below (numbers taken from Wikipedia: ExxonMobil, Shell, BP, Chevron, […]

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Is Total feeling a Russian chill?

Following the tragic death of Total’s CEO Christophe de Margerie in a plane crash last October, I said: [T]he Big Moustache’s enormous character made him genuinely popular among the Russian leadership and it is no certainty that his successor will make the same impact in a country where personal relations count for so much.  It could well turn out that much of Total’s commitment to Russia was down to de Margerie personally.  Having not been involved in E&P in Russia, […]

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Big Moustache, Bigger Shoes

The death of Total’s boss Christophe de Margerie in a plane crash in Moscow late Monday night  has shocked everybody not only in France but in the global oil industry as well.  As the tributes poured in for the man many nicknamed Big Moustache – a term he seemed almost proud of – I read the same adjectives several times: charismatic, unique, larger-than-life, outspoken, funny, original, independent.  When people write of famous powerful men they often exaggerate, especially if writing […]

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