Total, Creating Value
Total’s social license to operate is based on our capacity to create value for all stakeholders.
A diagram in the form of a jigsaw puzzle gives Total’s 2014 figures, with a color code differentiating the five stages of the value creation cycle.
First, there are four main groups of stakeholders that contribute to Total's business growth:
- Our 100,307 employees.
- Our investors: Excluding Treasury shares, 4.8% of our share capital is held by employees, 8.2% by individual shareholders and 87% by institutional shareholders.
- Our 150,000 suppliers, of which 47,000 are based in France.
- Public and B2B customers and consumers.
Next, the diagram shows that together these stakeholders generate revenue of $236.1 billion, for adjusted net income of $12.8 billion.
Then, the diagram shows the amount of taxes paid — over $15 billion in corporate income tax and production royalties. Some of this revenue is reinvested, with $30.5 billion in gross capital expenditure, including acquisitions; $1.35 billion in R&D spending; and an exploration budget of $2.8 billion.
Thanks to our operations, Total is able to pay $9.7 billion in salaries, including payroll expenses, to our employees and $7.3 billion in dividends to our shareholders. We make purchases worth $45 billion from suppliers. In line with the expectations of our customers, our community spending amounts to $610 million.
Combined, these operations contribute to the financial health of Total and create value for all our stakeholders.