ESSO
North Atlantic Energies (formerly Esso Société Anonyme Française) is a French petroleum refiner and fuel distributor operating the Gravenchon refinery, which accounts for over 20% of France's national refining capacity, serving retail consumers, transport operators, and B2B professional customers via Esso-branded stations and its Worex division.
- Company typePublic
- Founded1986
- HeadquartersCourbevoie, France
- Headcount1,001–5,000
- GTM typeB2C
- OfferingHardware or Manufacturing
What ESSO does
North Atlantic Energies, formerly Esso Société Anonyme Française, is a French petroleum refining and distribution company listed on Euronext Paris (ticker FR0000120669). The company operates the Gravenchon refinery platform at the Port-Jérôme industrial zone, which accounts for over 20% of France's national refining capacity, alongside an integrated distribution network that sells Esso-branded fuels through retail petrol stations and the B2B Worex professional fuels division (heating oil, off-road diesel, and industrial fuels). The ETC (Expertise Technologique au Service des Clients) laboratory at Gravenchon provides quality control and product performance testing, while the refinery employs predictive maintenance and advanced process control systems for operational optimization.
The business generates revenue primarily through unit-priced fuel sales to three segments: individual consumers purchasing petrol and diesel at retail stations, transport operators (including fleets and ride-hailing platforms) consuming commercial volumes, and professional/industrial customers served by Worex. In 2025, the company divested its 60-station Singapore retail network to Indonesia's Aster Mobility Solutions and rebranded from Esso to North Atlantic Energies, with an announced $1 billion acquisition bid from PT Chandra Asri Pacific outstanding. The company is positioned by management as a strategic contributor to French energy security and is participating in the energy transition through renewable diesel fuel trials launched in the UK market in 2025.
ESSO firmographics
Firmographics- Name
- ESSO
- Legal name
- Esso Société Anonyme Française
- Website
- https://corporate.esso.fr
- Company type
- Public
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- North Atlantic Energies (formerly Esso Société Anonyme Française) is a French petroleum refiner and fuel distributor operating the Gravenchon refinery, which accounts for over 20% of France's national refining capacity, serving retail consumers, transport operators, and B2B professional customers via Esso-branded stations and its Worex division.
- Ownership category
- akta.pro rank
ESSO industry classification
Industry- Product category
- Petroleum Refining and Distribution
- NAICS
- Petroleum Refineries (32411), Gasoline Stations (4571), Fuel Dealers (45721)
- SIC
- Petroleum Refining (2911), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)
- akta.pro primary industry
- Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD)
- akta.pro secondary industries
- Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives) (EUALAGAJ), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)
Keywords
Where ESSO is headquartered
LocationHeadquarters
- HQ city
- Courbevoie
- HQ country
- France
- HQ region
- Europe
Offices3 records
Markets served
ESSO business model
Business model- GTM type
- B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Petroleum Refining and Distribution: Refining crude oil and distributing petroleum products through retail fuel stations and professional channels. Core business generating revenue from sale of petrol, diesel, and related petroleum products.
- Renewable Diesel: Esso Italiana S.R.L. launched renewable diesel fuel trials in the UK as part of diversification into biofuels and renewable energy products.
- Professional Fuels (Worex): B2B division serving professionals with fuel oils, off-road diesel, and automotive diesel products
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Retail fuel pricing at petrol stations |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
ESSO product offering
Product offeringCore offering
ESSO (now North Atlantic Energies) refines crude oil at the Gravenchon platform in France, which accounts for over 20% of French refining capacity, and distributes petroleum products including petrol, diesel, heating oil, and off-road diesel. The company sells fuel to individual consumers through its branded retail station network and serves professional and industrial customers through the Worex division.
Product overview
ESSO operates as a global fuel brand under ExxonMobil and regional operators. In France, North Atlantic (formerly Esso Société Anonyme Française) manages the Esso brand distribution network alongside its Worex professional fuels division. The Esso retail network spans multiple countries including Singapore (60 stations), Canada, and Australia. Product portfolio includes petrol, diesel, and heating fuels, with the Gravenchon refinery providing over 20% of France's refining capacity. Recent developments include renewable diesel trials in the UK.
Differentiator
Problem solved
Functional benefit
Products and services
- Esso Branded Petroleum Products (France) Petrol, diesel, and heating fuels distributed in France under the Esso brand, refined at the Gravenchon platform. Targeted at individual motorists and transport operators purchasing fuel at retail stations.
- Worex Professional Fuels B2B fuel brand offering fioul (heating oil), gazole non routier (off-road diesel), and supercarburants (motor fuels) for commercial, industrial, and professional customers in France.
- Renewable Diesel Fuel Renewable diesel fuel launched in trial phase in the UK market as part of diversification into biofuels and renewable energy products.
Companies that use ESSO
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
ESSO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature2 records
ESSO partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- FairPrice Group (Historical)minorFairPrice Group operated 24-hour FairPrice Xpress or Cheers convenience outlets at Esso stations in Singapore since 2003 until the transition to Cold Storage began in 2026.
Scale indicators4 records
Recent moves7 records
Expansion highlights5 records
ESSO competitors and assessment
Company assessmentBroad incumbents
- ExxonMobil: Historical brand-owner and licensor of the Esso brand globally. Comparable as the upstream parent of fueling operations and refining technology expertise, though ExxonMobil operates a vastly larger global integrated portfolio.
- BP (Downstream): Integrated major with European refining assets and a substantial retail fuel network across Europe. Comparable as a competing branded refiner-retailer against Esso-branded stations and Worex B2B offerings in France and continental Europe.
- TotalEnergies: French integrated oil major operating the Gonfreville and Donges refineries in France. Comparable to North Atlantic as a domestic French refiner-retailer, but far larger with upstream and renewables segments.
Direct peers
- Valero Energy: World's largest independent refining operator with North American and Caribbean assets and a large wholesale/retail fuel distribution footprint. Comparable to North Atlantic in its refiner-marketer business model and emphasis on operational efficiency.
- Phillips 66: US integrated downstream and midstream operator with refineries in the US and Europe (Bayway, Billings, Humber). Comparable to North Atlantic in operating refining assets and a renewable diesel program (Rodeo Renewable Energy Complex), aligned with the same energy-transition trajectory.
- Marathon Petroleum: US refiner with the largest refining capacity in the country and a sizable retail/Midstream segment. Comparable to North Atlantic as a vertically integrated refiner-retailer with capital-intensive refining assets and a strategic focus on renewable diesel production (Martinez and Dickinson facilities).
- PBF Energy: US-based independent refining operator focused on asset-heavy crude-to-product conversion with proprietary logistics. Comparable to North Atlantic as a pure-play refiner reliant on crack-spread margins and asset quality rather than upstream integration.
- Rubis: French independent specializing in petroleum product distribution, refining (Trinité), and LPG/chemicals. Closest French-listed peer in business model: downstream-focused, retail-anchored, and operating refining assets comparable to North Atlantic's Gravenchon platform.
Regional players
- Repsol: Spanish integrated energy company with refineries (Cartagena, Tarragona) and an Iberian-anchored retail network under the Campsa brand. Comparable to North Atlantic as a European refiner-retailer pursuing biofuel and renewable diesel expansion, though geographically focused on the Iberian market rather than France.
- Petroineos: Joint venture between PetroChina and INEOS operating the Lavera refinery in southern France. Comparable as a fellow French-based refiner of similar scale with a national-energy-supply role, though with different ownership structure and Asian capital backing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
ESSO social profiles
Digital presenceESSO financial estimates
Financial estimateRevenue estimate
Valuation estimate
ESSO leadership team
Management profileNumber of profiles
Profiles1 record
ESSO subsidiaries and ownership
Company hierarchySubsidiaries2 records
ESSO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ESSO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ESSO
What does ESSO do?
ESSO (now North Atlantic Energies) refines crude oil at the Gravenchon platform in France, which accounts for over 20% of French refining capacity, and distributes petroleum products including petrol, diesel, heating oil, and off-road diesel. The company sells fuel to individual consumers through its branded retail station network and serves professional and industrial customers through the Worex division.
Is ESSO a public or private company?
ESSO is a public company. It is classified as public and is currently operating.
When was ESSO founded?
ESSO was founded in 1986. It employs 1,001 to 5,000 people.
Where is ESSO based?
ESSO is headquartered in Courbevoie, France, in the Europe region.
How does ESSO make money?
Three revenue lines are on record. Petroleum Refining and Distribution is the primary driver. The others are renewable Diesel and professional Fuels (Worex).
Who are ESSO's main competitors?
Broad incumbents on record are ExxonMobil, BP (Downstream) and TotalEnergies. Direct peers are Valero Energy, Phillips 66, Marathon Petroleum, PBF Energy and Rubis. Regional players are Repsol and Petroineos.
Does ESSO have an API?
No public API is recorded for ESSO.
What industry is ESSO in?
ESSO's product category is Petroleum Refining and Distribution. Its primary akta.pro industry code is EUALAGAD, Distillation & Fractionation (Crude, Condensate & NGL Splitters), with a secondary code of EUALAGAJ, Refinery Blending & Product Quality Control (Gasoline/Diesel/Jet Blending, Additives). Its NAICS code is 32411 and its SIC code is 2911.