After restructuring its downstream business in a move it said showed commitment to an integrated company structure, Total has completed a reorganization of its upstream and supply-marketing segments.
Previously, Total’s upstream segment included exploration and production of hydrocarbons plus gas and new energies. Supply-marketing included worldwide business of supplying and marketing petroleum products.
The supply-marketing segment was separated from manufacturing in Total’s downstream reorganization a year ago (OGJ Online, Oct. 10, 2011).
Now, the company defines its upstream business as exploration and production of hydrocarbons plus the activities of gas and power units.
It defines supply-marketing as before but has added new energies.