TotalEnergies fuel stations in Kenya are owned and operated by TotalEnergies Marketing Kenya PLC. This is a publicly listed company on the Nairobi Securities Exchange under the ticker symbol TOTL.
As of December 31, 2023, TotalEnergies SE, a French multinational energy company, is listed as the majority shareholder.
It holds 93.9% of the company’s shares through its subsidiary, TotalEnergies Marketing Afrique.
Other shareholders include Bid Plantations Limited, Emmett Joseph Benjamin, Rajesh Dharamahi Shah and Ahmed Mian Abdur Rahim.
Bid Plantations Limited
Bid Plantations Limited is a Kenyan investment company associated with the Bid family, notably entrepreneur Dilesh S. Bid.
It has been involved in various investment activities, including significant share acquisitions and takeover bids.
In 2018, Bid Plantations Limited was involved in share acquisitions of KenolKobil, purchasing shares worth Ksh7.35 million.
Emmett Joseph Benjamin is listed as a significant shareholder in TotalEnergies Marketing Kenya PLC.
He holds approximately 2.5 million shares, which represents about 0.398% of the company’s total shares.
Rajesh Dharamshi Shah
Shah is a Kenyan investor who held 1.73 million shares in TotalEnergies Marketing Kenya PLC, representing about 0.27% of the company’s total shares.
In 2021, he was listed as the executor of the estate of the late Dharamshi Devshi Shah after his death on August 11, 2020.
Shah was listed among the top shareholders of Unga Group Limited back in 2003.
He had 710,500 shares, which accounted for 1.13% of the company’s total shares at that time.
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Ahmed Mian Abdur Rahim
Rahim held 459,960 shares in TotalEnergies Marketing Kenya PLC.
This represents about 0.08% of the company’s total shares. This stake was valued at approximately Ksh9.02 million.
TotalEnergies is a broad energy company that produces and markets energies on a global scale: oil and biofuels, natural gas and green gases, renewables, and electricity.
It is active in more than 130 countries with more than 105,000 employees across the world.
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TotalEnergies Operations in Kenya
TotalEnergies is the 4th largest oil and gas company in the world.
It is involved in all aspects of the oil industry, from exploration and production to refining and marketing, and it is also strong in the chemicals market.
The Company has been operating in Kenya since its incorporation in 1955 as OZO East Africa Ltd.
It began operations as Total Oil Products (E.A) Ltd before the name was changed to Total Kenya Plc in 1991.
The Company has become one of the country’s major oil and gas marketing companies with over one hundred and seventy service stations.
It is currently a brand leader in the Kenyan market and in the Liquefied Petroleum Gas (LPG) retail market.
Total started taking over the Kenyan market in 2010 when it acquired 165 stations that were previously owned by Caltex.
It currently commands around 38.6% market share in Kenya.
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