AXA vs TotalEnergies: Founders, CEOs and History
AXA was founded in 1817 by Jacques-Théodore le Carpentier, Claude Bébéar and is led by Thomas Buberl. TotalEnergies was founded in 1924 by Raymond Poincaré, Ernest Mercier and is led by Patrick Pouyanné.
Company facts
AXA
- Founded
- 1817
- Headquarters
- Paris, France
- Current CEO
- Thomas Buberl
- Employees
- 156,000
TotalEnergies
- Founded
- 1924
- Headquarters
- Paris, France
- Current CEO
- Patrick Pouyanné
- Employees
- 100,000
Founders
AXA
Jacques-Théodore le Carpentier
Little is recorded about le Carpentier beyond the founding act itself. In 1817 he and 17 other property owners in Rouen created the Compagnie d'Assurances Mutuelles contre l'Incendie for the departments of the Seine and the Eure, covering their own buildings a…
Claude Bébéar
Claude Bébéar built modern AXA. After joining in 1958 he spent 17 years inside the business, including 1964 to 1966 in Canada creating the life insurance arm of the group subsidiary Provinces Unies, before becoming chief executive in 1975 following Sahut d'Iza…
TotalEnergies
Raymond Poincaré
Raymond Poincaré was President of France during World War I and Prime Minister when his government pushed for a national oil company in 1924.
Ernest Mercier
Ernest Mercier was the industrialist chosen to set up and chair Compagnie Française des Pétroles.
CEOs and their tenures
AXA
- Claude Bébéar1975–2000
Chairman and CEO
Bébéar turned a Normandy mutual into a global insurer between 1975 and 2000. He took control of the Drouot Group in 1982, bought Présence in 1986, merged with Compagnie du Midi in 1988, took control of The Equitable in the United States in 1991, National Mutua…
Source - Henri de Castries2000–2016
Chairman and CEO
De Castries ran AXA from May 2000 to September 2016, through the dot-com collapse, the 2008 financial crisis and the euro-area debt crisis, without state support.
Source - Thomas Buberl2016–present
Chief Executive Officer
Buberl became chief executive in September 2016 and refocused AXA on insurance underwriting.
Source
TotalEnergies
- Thierry Desmarest1995–2007
Chairman and Chief Executive Officer
Under his leadership, Total more than doubled in size, becoming a dominant global supermajor capable of competing with Exxon and Shell.
Source - Christophe de Margerie2007–2014
Chairman and Chief Executive Officer
He transformed Total into one of the most geographically diverse supermajors before his sudden death in a plane crash in 2014.
Source - Patrick Pouyanné2014–present
Chairman and Chief Executive Officer
CEO since October 2014 and Chairman since December 2015, Pouyanné renamed the company TotalEnergies in 2021, expanded LNG and Integrated Power, and kept returns at the top of the majors (12.6% ROACE in 2025).
Source - Jean-Pierre Sbraire2019–present
Chief Financial Officer
As CFO, he fortified the balance sheet during unprecedented energy market volatility following the geopolitical shocks of 2022.
Source
Timeline: AXA and TotalEnergies side by side
1817AXA
Founding of the Compagnie d'Assurances Mutuelles contre l'Incendie
Jacques-Théodore le Carpentier and 17 other property owners in Rouen set up a mutual fire insurance company, the earliest predecessor of AXA. It stayed a Normandy mutual, later called Ancienne Mutuelle, for more than a century.
1924TotalEnergies
Compagnie Francaise des Petroles founded
The French state-backed oil company was created to secure access to petroleum resources and became the predecessor of TotalEnergies.
1954TotalEnergies
Total Brand Created
The company created the Total brand in 1954 to build a retail distribution network.
1975AXA
Claude Bébéar becomes chief executive
Bébéar, recruited in 1958 by André Sahut d'Izarn, took over the Anciennes Mutuelles group in 1975 after Sahut d'Izarn's death and the settlement of a strike that had paralysed the company in April 1974.
1982AXA
Takeover of the Drouot Group
Bébéar took control of the Drouot Group, then the leading private French insurance group, and became its chairman alongside his role at Mutuelles Unies.
1985AXA
Creation of the AXA name
The group adopted the invented name AXA, short and pronounceable in any language, and Bébéar moved from running the insurance companies to chairing the group.
1986AXA
Acquisition of the Présence Group
AXA bought the Présence Group in April 1986, continuing the consolidation of French insurers.
1988AXA
Merger with Compagnie du Midi
The merger with Compagnie du Midi made AXA the second-largest French insurance group behind UAP and brought Equity and Law, then the sixth-largest life insurer in the United Kingdom. Bébéar was elected Manager of the Year the same year.
1991AXA
Control of The Equitable in the United States
After a failed attempt to buy Farmers, AXA agreed in July 1991 to demutualise and take control of The Equitable, then the fifth-largest life insurer in the United States, which also brought Alliance Capital Management.
1995TotalEnergies
Thierry Desmarest becomes CEO
Thierry Desmarest became CEO of TotalEnergies in 1995. Led Total from 1995 to 2007 and engineered the Petrofina and Elf Aquitaine combinations; remained Chairman until 2010.
1996AXA
Acquisition of UAP
AXA bought UAP, a French insurer twice its size, doubling its French business and reaching critical mass in the United Kingdom, Belgium and Germany. The merger took effect in 1997.
1999AXA
Guardian Royal Exchange and Nippon Dantai
Guardian Royal Exchange joined AXA in early 1999, adding scale in United Kingdom property, casualty and health insurance, and AXA took control of Nippon Dantai, then the thirteenth-largest life insurer in Japan.
1999TotalEnergies
Petrofina acquired; Elf Aquitaine follows in 2000
Total combined with Belgium's Petrofina in 1999 and Elf Aquitaine in 2000, operating as TotalFinaElf before reverting to Total in 2003.
2000TotalEnergies
Elf Aquitaine Acquired
Total acquired Elf Aquitaine in 2000, forming TotalFinaElf.
2006AXA
Acquisition of Winterthur
AXA agreed to buy Winterthur from Credit Suisse for ~$14.8 billion (CHF 12.3 billion), about $8.93 billion (EUR 7.9 billion) in cash, strengthening its position in Switzerland, Germany and central and eastern Europe.
2007TotalEnergies
Christophe de Margerie becomes CEO
Christophe de Margerie became CEO of TotalEnergies in 2007. CEO from 2007 and Chairman from 2010 until his death in a plane accident at Moscow's Vnukovo airport in October 2014.
2011AXA
Sale of AXA Canada
AXA sold its Canadian operations to Intact Financial Corp. for ~$1.87 billion (C$2.6 billion) as part of a portfolio review.
2011TotalEnergies
Acquired SunPower (majority stake)
TotalEnergies acquired SunPower (majority stake).
2018AXA
Acquisition of XL Group
AXA bought XL Group for $15.3 billion in cash, shifting the group toward commercial property and casualty lines and creating the AXA XL platform.
2018TotalEnergies
Direct Energie acquired
Total bought French power and gas retailer Direct Energie, the base of its European retail electricity business.
2021TotalEnergies
Total becomes TotalEnergies
The company changed its name to TotalEnergies to reflect a broader multi-energy strategy spanning oil, gas, electricity, renewables, and low-carbon energy.
2024AXA
Launch of the Unlock the Future plan
With its 2023 results in February 2024 AXA presented a 2024 to 2026 plan targeting underlying earnings per share growth of 6% to 8% a year, an underlying return on equity of 14% to 16% and a new capital management policy.
2025AXA
Sale of AXA Investment Managers to BNP Paribas
AXA completed the sale of AXA Investment Managers to BNP Paribas Cardif on July 1, 2025 for ~$5.76 billion (EUR 5.1 billion) in cash, a total transaction value of ~$6.1 billion (EUR 5.4 billion), and signed a long-term agreement for BNP Paribas to manage a lar…
2025AXA
Death of founder Claude Bébéar
AXA announced on November 4, 2025 that Claude Bébéar, its founder and Honorary Chairman, had died at the age of 90. He ran the group from 1975 to 2000 and created the AXA name in 1985.
2025TotalEnergies
2025 results
Revenues from sales of $182.344 billion, adjusted net income of $15.6 billion (down 15%), IFRS net income of $13.127 billion and a €3.40 dividend.
2026TotalEnergies
Mozambique LNG full restart
On January 29, 2026, Patrick Pouyanné and President Daniel Chapo announced the full restart of the roughly $20 billion Mozambique LNG project after force majeure was lifted in November 2025.
2026TotalEnergies
Q2 2026 results
Adjusted net income of $6.0 billion and cash flow of $9.8 billion in the second quarter as higher oil prices tied to the Middle East conflict lifted earnings.
Acquisitions
AXA
- Prima Assicurazioni (51% stake)2025Undisclosed
- Laya Healthcare2023Undisclosed
- XL Group2018$15.3B
- Winterthur2006$10B
- UAP (Union des Assurances de Paris)1996$7.8B
- The Equitable (US)1991$1B
TotalEnergies
- Direct Energie2018$1.6B
- Saft Groupe2016Undisclosed
- SunPower (majority stake)2011Undisclosed
- Petrofina and Elf Aquitaine1999Undisclosed
Questions about AXA vs TotalEnergies
Who is the CEO of AXA SA and TotalEnergies SE?
AXA SA is led by Thomas Buberl and TotalEnergies SE is led by Patrick Pouyanné. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was AXA SA founded vs TotalEnergies SE?
AXA SA was founded in 1817 — 107 years before TotalEnergies SE, which was founded in 1924. AXA SA's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger TotalEnergies SE.
How many employees does AXA SA have compared to TotalEnergies SE?
AXA SA employs approximately 156,000 people, while TotalEnergies SE employs approximately 100,000. AXA SA has the larger workforce at 156,000 employees, compared to TotalEnergies SE's 100,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are AXA SA and TotalEnergies SE headquartered?
Both AXA SA and TotalEnergies SE are headquartered in France, meaning they operate under the same primary regulatory and tax environment.
Who founded AXA SA and TotalEnergies SE?
AXA SA was founded by Jacques-Théodore le Carpentier, Claude Bébéar. TotalEnergies SE was founded by Raymond Poincaré, Ernest Mercier.
Which company has a longer operating history — AXA SA or TotalEnergies SE?
AXA SA has been operating for approximately 209 years, making it the more established of the two companies. TotalEnergies SE has been in operation for around 102 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the AXA vs TotalEnergies overview