36

We are a global integrated energy company operating across all stages of the hydro- carbon value chain. We also manufacture products from plant-based raw materials and have a presence in the renewable en- ergy sector.

Our technical excellence and ability to adapt drive us forward, and we have almost 10,000 professionals throughout the world who make this possible. We are supported by our values of safety, sustainability, con- tinuous improvement, leadership and soli- darity. We excel thanks to our effi ciency and operational robustness, based on nearly 90 years experience in the sector and the in- tegrated model we have established across our businesses.

The conclusion in May 2017 of the merger process of our sole shareholder to be- come Mubadala Investment Company has helped us to strengthen our role interna- tionally and in the Oil & Gas sector. It also provides us with greater stability thanks to the synergies found in the Mubadala group of companies and from the solidity of our business model which has proven to be successful globally.

With the vision and aim to be a global en- ergy company of choice, we maintain our fi rm commitment to provide the energy that every reality needs.

We are global energy company, that operates in an integrated way, led by technical excellence and the capacity to adapt.

3.2 BUSINESS MODEL

* Value generated mainly represents revenue of 20,817 million, in addition to other items: other operating income ( 55 million), financial income ( 32 million), share in profits of associates ( 58 million) and income on fixed asset disposals ( 29 million).

** Includes: special excise taxes and income tax and levies.

DISTRIBUTION OF ECONOMIC VALUE GENERATED IN 2017 (MILLIONS OF EUROS)

15,844 M Suppliers

1,111 M Economic value retained

5 M Social programs and initiatives investment

3,010 M Public administrations (taxes)**

78 M Financing entities

332 M Shareholder

611 M Employees

20,991 M ECONOMIC

VALUE GENERATED*

CHAPTER 3 Sustainable growth