On the Record · TotalEnergies
TotalEnergies acquisitions, on the record
The businesses TotalEnergies bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Adani Green Energy LimitedWord for word“● $3,284 million for the full-year 2021, including the acquisition of Blue Raven Solar by SunPower in the United States as well as the acquisition of a 20% interest for $2 billion in Adani Green Energy Limited, a renewable project developer in India, the acquisition of Fonroche Biogaz in France, the interest in the Yunlin wind project in Taiwan and the 10% increase in its interest in the Lapa block in Brazil.” 20-F for 2022 | acquisition | — | $2 billion |
20% interest in the Kharyaga oil projectWord for word“This sale was finalized on August 3, 2022.” 20-F for 2022 | divestiture | August 3, 2022 | — |
remaining 20% interest in the Kharyaga oil projectWord for word“In accordance with these principles, TotalEnergies had announced on July 6, 2022 the sale of its remaining 20% interest in the Kharyaga oil project to Zarubezhneft.” 20-F for 2022 | agreed divestiture | July 6, 2022 | — |
Total ErenWord for word“Acquisitions were: ● $6,428 million in 2023, primarily related to Integrated Power, including the creation of a new joint venture with Adani Green Energy Limited in India and the acquisition of 50% of Rönesans Enerji in Turkey, as well as the acquisition of the remaining 70.4% of Total Eren, a 20% interest in the SARB and Umm Lulu concession in the United Arab Emirates, the acquisition of a 6.25% stake in the NFE LNG project and 9.375% in NFS LNG project in Qatar, and a 34% stake in a joint venture with Casa dos Ventos in Brazil.” 20-F for 2023 | acquisition | 2023 | — |
Canadian assetsWord for word“Divestments were: ● $7,717 million in 2023, primarily related to the sale of the Company’s Canadian assets to ConocoPhillips and Suncor and the retail network in Germany to Alimentation Couche-Tard, as well as the sale of a 40% interest in Block 20 in Angola and a partial farm down in an offshore wind project off the coast of New York and New Jersey in the US.” 20-F for 2023 | divestiture | 2023 | — |
Kharyaga oil project (20% interest)Word for word“In accordance with these principles, TotalEnergies had announced on July 6, 2022 the sale of its remaining 20% interest in the Kharyaga oil project to Zarubezhneft.” 20-F for 2023 | divestiture | — | — |
Quadra Energy and VSBWord for word“During 2024, TotalEnergies continued to deploy its differentiated Integrated Power model in key targeted markets through strategic acquisitions: Quadra Energy and VSB that strengthen the Company’s position in Germany, and gas-fired power plants in the United States and the United Kingdom that further enhance the Company’s flexible generation capacity.” 20-F for 2024 | acquisition | — | — |
SapuraOMV in Malaysia and interests in the Eagle Ford shale gas play in TexasWord for word“First quarter 2025 hydrocarbon production is expected to be between 2.5 and 2.55 Mboe/d thanks to the ramp-up of 2024 start-ups and the closing of the acquisitions of SapuraOMV in Malaysia and of interests in the Eagle Ford shale gas play in Texas that occurred during the fourth quarter 2024.” 20-F for 2024 | acquisition | fourth quarter 2024 | — |
remaining 70.4% of Total ErenWord for word“Acquisitions were: ● $6,428 million in 2023, primarily related to Integrated Power, including the creation of a new joint venture with Adani Green Energy Limited in India and the acquisition of 50% of Rönesans Enerji in Turkey, as well as the acquisition of the remaining 70.4% of Total Eren, a 20% interest in the SARB and Umm Lulu concession in the United Arab Emirates, the acquisition of a 6.25% stake in the NFE LNG project and 9.375% in NFS LNG project in Qatar, and a 34% stake in a joint venture with Casa dos Ventos in Brazil.” 20-F for 2024 | acquisition | 2023 | $6,428 million |
Canadian assets (to ConocoPhillips and Suncor) and retail network in Germany (to Alimentation Couche-Tard)Word for word“Divestments were: ● $7,717 million in 2023, primarily related to the sale of the Company’s Canadian assets to ConocoPhillips and Suncor and the retail network in Germany to Alimentation Couche-Tard, as well as the sale of a 40% interest in Block 20 in Angola and a partial farm down in an offshore wind project off the coast of New York and New Jersey in the US.” 20-F for 2024 | divestiture | 2023 | $7,717 million |
Kharyaga oil project 20% interest (to Zarubezhneft)Word for word“This sale was finalized on August 3, 2022.” 20-F for 2024 | divestiture | August 3, 2022 | — |
40% operated interest in the PEL83 license (Galp)Word for word“The Company signed an agreement with Galp to acquire a 40% operated interest in the prolific PEL83 license, which includes the Mopane discovery.” 20-F for 2025 | agreed acquisition | — | — |
50% of a portfolio of flexible power generation assets (EPH)Word for word“To accelerate its gas ‑ to ‑ power integration strategy in Europe, TotalEnergies signed an agreement with EPH to acquire 50% of a portfolio of flexible power generation assets with more than 14 GW of gross capacity.” 20-F for 2025 | agreed acquisition | — | — |
50% of a 2.7 GW gross capacity renewables portfolio (United States, Portugal, Greece, France)Word for word“In 2025, TotalEnergies also recycled $2 billion of capital by selling 50% of a 2.7 GW gross capacity portfolio (United States, Portugal, Greece, France), in line with its renewables business model.” 20-F for 2025 | divestiture | In 2025 | $2 billion |
Read from TotalEnergies’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023, 20-F for 2022) and the financial data it files with the SEC, as of 2026-03-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.