Total announces recorganization of downstream and chemicals segments
By: ICN Bureau
Last updated : March 06, 2018 8:18 pm
In October 2011, the Group announced a proposed reorganization or its Downstream and Chemicals segments. The reorganization became effective on January 1, 2012.
In October 2011, the Group announced a proposed reorganization or its Downstream and Chemicals segments. The reorganization became effective on January 1, 2012.
This project led to organizational changes, with the creation of: Refining & Chemicals, a large industrial segment encompassing refining, petrochemicals, fertilizeres and specialty chemicals operations. This segment also includes oil trading shipping activities;
Beginnig with the first quarter of 2012, this new organization will be reflected in the presentation of the Group's financial statements. Attached is an informational extract for the full years 2010 and 2011 and quarterly 2011 to facilitate an understanding of the relative financial status of Refining & Chemicals and Supply & Marketing.
The organization of Holding and Upstream segments, including the Exploration & Production and Gas & Power divisions, remains unchanged. To confirm, this informational extract does not address these divisions, as they are not impacted by the new Downstream and Chemicals organization.
First Published : April 18, 2012 12:00 am