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Paris, France — TotalEnergies Thursday celebrated their 100th anniversary. Here is the full legacy story:

The Dawn of an Oil Era
On March 28, 1924, France marked its entry into the global oil narrative with the establishment of Compagnie Française des Pétroles, the predecessor of TotalEnergies. This bold step, taken in a country devoid of its own oil reserves, was a visionary leap into a future where oil would increasingly become the lifeblood of modern society

Navigating Through Scarcity
TotalEnergies’ early years were characterized by its strategic navigation through resource scarcity. The global economy of the 20th century was rapidly becoming fueled by oil, pushing TotalEnergies to expand beyond French borders. This quest led not just to the discovery of new reserves but also to significant advancements in oil extraction and processing technologies.

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Oil’s Ascendancy in the 20th Century
As the century progressed, oil emerged as a cornerstone of economic growth and industrial development. From powering post-WWII reconstruction to being at the center of the 1970s oil crises, oil’s role became ever more pronounced. TotalEnergies mirrored this ascendancy, expanding its footprint worldwide and diversifying its operations.

Expanding Horizons
The company’s journey wasn’t just about expansion; it was about adaptation and foresight. Through strategic acquisitions and partnerships, TotalEnergies harnessed new expertise, adapting to the oil sector’s burgeoning demand across transportation, manufacturing, and energy production.

The Shift Towards Sustainable Energy
As the 21st century dawned, the narrative began to shift. The pivotal role of oil in the global economy persisted, but environmental concerns and the need for sustainable energy solutions grew paramount. TotalEnergies responded, expanding into natural gas, solar, and wind power, becoming a major player in liquefied natural gas (LNG).

Steering Towards a Balanced Future
In recent years, TotalEnergies has embraced a dual strategy: nurturing its traditional oil and gas business while accelerating its transition to more sustainable energy sources. This approach is not just a business decision but a commitment to a “just, orderly, and equitable” transition, aligning with global objectives like those set by COP28.

As TotalEnergies celebrates its 100th anniversary, it looks back on a century where it grew alongside the oil industry, from a bold start-up in a country without oil to a global energy giant. The journey ahead is clear: balancing its rich oil legacy with the urgent demands of a changing world, ensuring it remains a key player in the global energy story for another century.

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By Lisa Luckas

Lisa Luckas is a Sr. Business News Editor at Nobot.News.

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