Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, Total is the first major petroleum company to leave the influential trade group, the American Petroleum Institute (API).


  1. Why did Total leave the influential API trade group?’
  2. What other oil companies have left trade groups? Name the trade groups and companies.
  3. How much has Total invested in the U.S. over the past five years?
  4. What is Total’s role in exporting liquefied natural gas in the U.S.?
  5. In what U.S. firm does Total maintain a position as major stakeholder?


Mufson, S. (2021) French oil giant Total quits American Petroleum Institute. The Washington Post, Jan. 15 (Retrievable online at

The logo of French oil and gas company Total. (Pascal Rossignol/Reuters)