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Patrick Pouyanné

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34
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2023-03-09
most recent
2023-03-09
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1
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  1. “It's good because you can relax and think. There is no thing except some penguins and other. It's another way to think. And I think when you are CEOs, it's also good from time to time to exit from your world, which is going very fast. You have to come and take decisions. And I like this type of landscapes, which you can find in Norway. We have snow and ice, and this is a winter.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “Knowing, I think it's, I would say my best personal expense. No, I think people in Norway, I think, for me are frank people. They have good discussions. And last time I went to Stavangir, I think it's direct discussion and I like it. I like that. Having been personal experience is to go to Arctic circle, to go north, you know, to go to Trojo and beyond because I love to see Boreal. But Boreal Light. So I think Boreal Light is nice. So this is my best personal experience. I'm just coming back from the Antarctic continent. I spent my 10 days of holidays in Expans to go to Shwaya and go to Antarctic with the pools. So I like to this type of landscapes with plenty of ice.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “In Europe, it's fundamental, there is a huge rule space, it's a huge resource base. I think, and you know we have kept all our assets. I'm a strong guy. I am a strong believer of keeping my assets in Norway. I did not make any spin-off or any, I think it's important. We have a strong position with Equinore, by the way, which we might think Norwegian confidential chef is not a busy place for foreign companies, but it's a strong nationalism in Norway. service industry as well. So it's a position that we have developed since the 70s, I would say, which we continue to build. Maybe we are happy to join the Johan Verdo. There are still some discoveries to be done. So it's not, I think it's one of the most qualifications where, again, of course, fiscal terms in Norway are tough. the end of the day it's a long history you have visited”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “And to become what I became because you learn from them and you take the good, take something the bad, but you take the good. So it's important. So I try to be careful also important to choose also work.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Of course, you have to work on something where you have a pleasure. Pleasure is the important, you know, when you do something, it's important to do it with pleasure. Because if you have some pleasure to work in what you do, then you will work harder and you will be successful. So I think it's important. I will also advise them to be careful to with your boss. Now, I try to convince my children not to choose because they want to do one specific area of work, but what is important in your own life of adults. In fact, you have some examples. Your boss will be giving you some leading by examples important, but yourself, you are step by step learning from you work with. And so it's very important to, and I think I've been lucky my life, my professional life, to the succession of on both, which were helping me.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Some count of part, which might be in the company, which might be outside of the company. In fact, people can express, I would say, your dissatisfaction or your, and that's important in order to manage your pressure.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “That's a good question. I think you have to face. I think it's very important to recognize that and not to believe that, okay, you know, each because I learned something from my predecessor, he told me, okay, you know, you will have to make some mistakes. You will have some setbacks. But you need to be enough lucid in order to avoid to do that again. You cannot do twice. So you will make mistakes and you have to accept it. Don't try to make too many, but if you take once, be able to recognize it and not to repeat it. And I think I'm trying fundamentally to apply to my service. Then when you have sentbacks, you need to be able to discuss with somebody else to have some, not to for yourself. Because if you keep for yourself the pressure, you think that you have too much pressure. So it's very important.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “You have your own secret keeping a certain stability. I would say I like when after Fridays to spend some time to time my weekends, some of them are in the Middle East, but when I can have some time where I'm more quiet at home, it's also very important. It's your own psychological stability. By the way,”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “It's a good question. You should ask my children if they are and my wife. I think sometimes they think that I'm too. I make a difference, to be honest, that I have my private life with my family, which I'm protected, and I have my professional life. I think, and by the way, it's not so easy sometimes that I know when I became CEO, suddenly I became in France, the CEO of a very large company. So I became an easy situation because suddenly the father was somebody they see the face of the father of the front page of Le Monde. It was a change of life. So you have also to protect that father. And I think it's important to keep a secret garden. When you are senior of a company, you have your company business, you have a public face, and that's what I'm facing. But at the same time,”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “Own personal intelligence collectivism, the dialogue, speaking together. I like business reviews. I don't like business reviews. I have meetings in the company where we exchange views. This is a part of the business where I'm happy. When it's coming to executive committee, where I have to take the decision at the end, it's less fun, you know, because then you are there to say yes or no. So I think it's part of being able to contribute to building the collectively and the position, the decision is something that we need to encourage people. So speaking up again, encourage them is important.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “I think it's a matter of, again, trying to maintain the trust between us. But it's important, you know, I think in any organization like that, you have a sort of isolation number one. The number one is very different. I discovered that when I became number one. Honestly, it's a fundamental differential because suddenly everybody is looking to you as if you have all the answers to everything which you don't have, obviously. But so it's a very different and in fact it requires from you a permanent attention to the people. Everybody wants I'm spending my days in meetings, they want me to listen to each of them is important. So you need to dedicate the time. They are expecting from me some answers. Sometimes I have. Sometimes I don't have, you know. And so it's part of finding the way. And I think what I'm trying to do is to demonstrate to them that collective intelligence is more important by my”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “When you become the number one organization, your life is changing because you think you are normal, but the people who are in front of you think you are not normal exactly. You are not the same. And that takes time to understand that you are not so normal, you know, and that when they enter into my office, when I was entering into this office, by the way, with my predecessor, myself, I was more prudent, you know, and I say, okay, can I say that or not, you know? And so you must encourage people to say you. I mean, and it's human.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “Well, you know, I think whatever maybe it's my own character, I think you have to speak up, you have to say the truth to the debate. When you met Ben, what they expect from you is from time to time to tell them what you think is good for them and what you can bring them and what is not good for them. So sometimes you make, and I think it's part of my job, by the way, which is the interesting part, is to try to gain trust from some leaders in front of us. So I have the chance to have access to some of them because for us our company is just, in fact, we are developing, producing their natural resource in a large way. So we are an important stakeholder. But when I met them, I think what they expect from me is more to face a reality and to tell them what works well and what would not work well and are we put together do better for their country.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “Because I think that honestly, I was impressed, but you understood very well the dynamics of the European markets and that the nutrients that could have the Russian gas on the European supply. And I think he was very aware of that dependency.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  15. “is to be dominated by the idea that we must install, I would say, the Russia power, the old Russia power, which is, of course, going beyond what our democratic values can accept. So, I mean, again, I think we were part of the idea after 1991, but we could anchor Russia to Europe and to the Western world by building economic bridges, economic investments will be part of the peace journey. Obviously, it was not in the agenda. This is what they understand today.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  16. “I mean, I never negotiated to him. I met him from time to time, but I don't negotiate with Mr. Putin. I was not doing that. But I think it was somebody who was first user topics. He knew about it. I can tell you the last discussion I had. I was even impressed by the capacity of knowledge of European markets. I should have been more maybe worried about it. So you knew perfectly where we are speaking about. He had a very, I would say, nationalistic approach. I think more convinced by state-to-company admin private players, to be honest, even if he was willing to attract some foreign investment up to a certain point. But again, I would say I can all what I was thinking back by that time, what is happening today, you can forget. We've seen reinforce today. So, I mean, I was probably wrong like others, but in fact it was...”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  17. “A matter of total energies assets. I will do exactly what you decide. But this is where policymakers need to take their position and we need also on our side then to answer.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  18. “I was discussing right after 20 February 24 with him and we were very closely discussing he didn't ask to ask me he even asked me to continue to make my job to supply the energy to Europe you know Europe is not sanctioned Russian gas since the beginning we were total energy we decided to stop buying purchasing any old Russian oil end of March 2020 we declared it before the sanctions were taken by December 5th on the gas they didn't decide it and they even told me and I would say Chancellor Schultz the same let's continue to deliver to bring to Europe the gas they need because without this energy today it would not be so easy so again and my position is very clear I told them if you ask me what to do if you decide to stop Russian gas bringing Russian gas we'll stop immediately no problem”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  19. “Of course, on one side. And so emotion being clearly this Brahma is just unacceptable. And at the same time, we are responsible of a company with some assets. And so the question, and we have also the mission, by the way, to continue to deliver to Europe some supply, energy supply. And so we engage into discussion with European French governments and other governments to see what we should do. So it was quite intense. We decided that we'll find a way to withdraw regularly, I mean, step by step in the right order, but continuing. In fact, today, nine months after, I would say, or 10 months after, we are left only by one asset fundamentally, which is the asset which contributes to European security of supply, which is Yamlangi, all the other assets have been stepped after state diversity.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  20. “That's not because it's true that our companies have spent quite a lot of time building quite a good position, strong position in Russia. We are believing that economic bridges was a way to go to maintain peace through our own. We are part of this dynamic. We are big investors, in particular in the LNG business in Russia, my regime. So it was, of course, for us something, I would say tough, but at the same time, Russia, and you know we have a policy in the company. We don't want one country to represent more than 10% of our capital employment. We were just at 10%. And I was asking myself the question before the war, okay, be careful. We are at the limit of what can be acceptable. And I think I knew that we could survive to that. So it was more of a matter then and it was a complex discussion with the board and everybody because there was a lot of emotion.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  21. “I want to be sure that it's not just startups who want to make money, but we are really investing for the long term because there is a lot of, it's fashionable today. There are some new, we have reached some new steps. We are far from being able to put that on a neutral”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  22. “Nuclear, I think for me, I would say, of course it's a decarbonizing energy. So it should be part of the new, for sure. But there was Fukushima, you know, and Fukushima, we were looking to nuclear and Fukushima. Fukushima raised for us a question mark about the risk. And I have a question mark for me. Is the nuclear risk compatible with the balance sheet of a listed company, a public company? I'm not fully convinced of that. So I know that there”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  23. “Something for me which is just that's why we disagree with the scenario. I know the scenario becomes like a bio which is a problem. When we speak today about climate change, it's becoming like a religion and you have the Bible which is the IEA scenario. I think we should honestly, it's a very serious matter. We cannot just manage this transition by thinking that it could be done overnight with simple basically it's not true.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  24. “And at the same time, the same agency is explaining us every week or every month to invest more today. So I think there is a contradiction there. And I think we spend a lot of time. Medicare, we agree with the scenario of the IEA scenario to be endpoint in 2050. We have exactly the same image how much we produce, not much by 25 million bio per day by 2050, right? The IEA. The question is a trajectory. Should we begin to decline from today or can we wait? If we decline from today, again, it's back to the previous debate, then the price of energy will go higher and higher and higher. It will not be a just transition. So I think for me, the scenario has been extreme, but at the same time, again, the IEA themselves, month after month in 21 and 22, they ask to produce more. So less more investments, but we should stop investing in the field. It does not work.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  25. “Of innovation is key. It's part, I would say, of, again, we have built this company because we have been obliged to do it, having not benefiting ourselves from having, I would say, an easy all resource or gas resource to capture.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  26. “Exactly. And so we have developed a company abroad in the Middle East, in Africa, but by bringing to host countries technologies, project management, capacities, innovation. I strongly believe that what makes the future for me, the future of a major company like ERS is innovation industry. So innovating is key. And I'm always spending a lot of time every year, for example, with my executive committee, who spend three, four days, to do what we call a learning expedition. Lastly, we went to Israel during four days. A group of 10 executive unless I want to show to my colleagues and question of leading by example by spending four days of my time, myself, just to listen to innovators. And we went to California, we went to China, we went to India. It's important in order to capture some new ideas and then to integrate them. So I think these”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  27. “I think in PECA became a major oil and gas company with no hydrocarbons in France. So I've been able, almost we are almost 100 years old, it could be in 2024, we have been obliged to be developed abroad.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  28. “Again, I think it's wrong because it's back to what I said today. If we, a company like us, by the way, Total became total energy because we want to be one of the neural leaders of this transition. But if I want to invest like in 2023 $5 billion in renewables, which makes our company among the top five investors in this new renewable carbonies, I need to generate a cash. And the strong asset that we have is our balance sheet. We are generating a lot of cash and we generate it from hydrocarbons and we reinvest part of it in these renewables. So we are exactly making this transition. So I think it's a company like us is able for investors at the same time to deliver some good developments. We are a cash machine. So we are attractive for investors, but we are also preparing the future dividends by investing in some low carbon. Energies.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  29. “400 euro per megawatt hour for power is too expensive and so that's part of what's why we were not against when the EU decided to put some special taxation I would say on the energy field in particular to capture part of the infram for electricity we will be tough we will be we'll have to pay this taxes but I can understand the political logic of it”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  30. “I perfectly understand that the debate is coming on the table today and that we have to face it. And we cannot, again, we are in a field where energy is a primary need, and so I'm perfectly conscious of the responsibility towards our customers. Having said that, it's not true to say that we do not deserve it. We are today in this position because we have invested also and we are taking big risks. But it's clear that I would say the magnitude of the volatility of the price today in Europe is too high, to be honest.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  31. “I think it's, I mean, honestly, it's, you know, we are paradox for me this year. The company has never been so in good health, I would say, in terms of balance sheet, in terms of results, profits, but it's true that we do it. And somewhere it's perceived by society at that expense. You know, in fact, the affordability challenge that I was just mentioning. So you have a sort of political, societal debate around companies like Total Energies where people say, okay, look, these companies, they are making billions of profits and at the same time, they have a problem to see the billions of profits and the increase of the gathering prices upon. So that makes, it's a legitimate political debate. Does it go to taxation? Does it go through what we've done on North Side, which is more voluntary debates? We've done to your customers, telling them we will come to you and we'll try to share the burden with you. I think”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  32. “When you see the reactions in European countries, when you see an increase in gasoline price or an increasing price, people don't accept that because it just touches their primary needs and their purchasing power. So you can imagine that if affordability is key in developed countries, the level of life is quite good. What is it in emerging countries for them access to energy is just a fundamental element of their aspiration to better we apply for the economic and social development? So that for me, and so all this transition, and I know it's something contradictory because the scientists told us we absolutely need if we want to survive, globally speaking, the planet, we need to tackle this child climate change, but this will have a cost and the question is how do we make this just transition that everybody is calling for, but we will manage it only if we keep in mind that any”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  33. “A lot of things, you know, the debate of the energy debate was dominated by the sustainable sustainability. And now what we know that energy policy has three pillars. One is, I would say you need a reliable energy, security of supply. You need an affordable energy, affordability, and you need a sustainable energy. And I think what reveals this crisis is that we should not forget the three pillars. And honestly, having spent 25 years in this industry, what struck me in 2022 is that the affordability part, even in our countries, in our developed countries, is dominated by the debate. And that's for me the main challenge for the international transition is to be able, are we able to really make this challenge, these huge investments changing the world energy system, keeping the affordability of energy? Because if energy is a primary need.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source

  34. “Yes, we have to be optimistic. The challenge is huge, to be honest, because to reach net zero, we need to change the whole energy system of the planet, and it's a huge and it's a promitian task. We have to believe in the capacity of mankind to be creating innovation. My answer is why not? But we have to work hard all together and not only in the developed world, but together with the emerging world we want to succeed.”

    2023-03-09 · In Good Company with Nicolai Tangen · Patrick Pouyanné CEO of TotalEnergies · IDENTIFIED FROM THE TRANSCRIPT · source