Not having a particular one, though from hearsay, TotalEnergies may be most interested in pivoting into renewables. But I haven’t done your analysis (or any for that matter) about these companies.
The one that is, according to your analysis, least likely to disappear.
Look, you have done your analysis. “Big oil” has been, for the better part of the 20th century, macroeconomically one of the most important and dominant industries on the planet. You’re also predicting, based on your analysis, that the industry will go bust within relatively few (10-15) years from now.
According to that premise and based on your own analysis, shouldn’t your investment decision be crystal clear? To invest in the company that is best positioned and most committed to successfully pivot from this dying industry to others, to transform from mostly oil producers to becoming energy producers.
The red tape and taxation in France may suck, from an enterprise standpoint.
Yet if you’re positing a paradigm shift in the energy business, and if you want to invest (for diversification purposes) into what is - according to your own analysis - a declining or dying sector (the oil industry), who cares if it’s a bloody French business? I mean, it’s not like France were a particularly unstable, unreliable or risky one at that.
With the industry sea change you’re predicting yourself, the company’s jurisdiction should be one of your lesser concerns.