From oil and gas exploration to shipping crude oil, Total engages in all aspects of the petroleum industry.
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Oil, gas, and most commodities in general have been sold off hard due to recession fears, hedge fund redemptions, margin calls, and unwinding of the yen carry trade. Despite the US government printing money to help save the US economy, the dollar's value has increased significantly against most world currencies with the exception of the yen. I believe the unwinding of the carry trade has helped to push prices of commodities and anything related to commodities too far. Once these negative pressures are exhausted, I believe the US dollar will go back to declining in value, especially when China, Japan, the Middle East, and other countries reduce or stop purchasing treasury bonds to focus more on their own economic problems. When this happens, I expect all commodities to significantly increase in value.