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Paris - March 04, 2015
Total has disclosed the full list of its 903 consolidated entities. The list, which is available online at total.com, will be included in Total's 2014 Registration Document. It replaces the list of the main Group entities presented in prior years.
"For a Group as large as Total, which operates in 130 countries, it is quite natural to have numerous entities around the world. Their diversity reflects the variety of our operations. We felt it would be useful to give everyone access to a full list of our entities, with their country of incorporation and country of operation, to ensure that there were no misunderstandings due to partial disclosure," explained Patrick Pouyanné, Chief Executive Officer.
This move gives Total an opportunity to confirm its existing commitments. The Group no longer opens entities in countries considered to be tax havens and it is withdrawing entities from such countries whenever possible. Already, 14 entities have been withdrawn since 2012. However, the Group notes that it is not possible to close all the entities for operational or legal reasons, notably in cases where Total is not the deciding shareholder. Total is working on withdrawing, by the end of 2016, nine of the 19 entities still concerned as of December 31, 2014.
The Group will continue to promote transparency through its involvement in the Extractive Industries Transparency Initiative (EITI), of which it is a founding member.
Numerous Subsidiaries and Equity Affiliates Around the World
Through our subsidiaries and equity affiliates
we are active in every segment of the oil and gas industry, plus the specialty chemicals sector, and are positioning ourselves in the new energies field.
Counting every company in which we hold an interest, Total operates in more than 130 countries. Today we are the fifth-largest publicly traded integrated international oil and gas company in the world.
On December 31, 2014, our consolidated reporting scope comprised 903 companies
TOTAL press release