Total Reports Drop in Earnings; Management Proposes Higher Dividend, but Scrip Remains
The theme of the past two years for integrated majors has been cost reduction, and Total delivered on this front ahead of schedule. Operating costs were reduced by $2.8 billion, versus a target of $2.4 billion, and efficiencies are expected to grow to $4 billion by 2018, while capital expenditure came in slightly below target. Like its peers, however, Total has seen its profits shrink, owing to a difficult and volatile oil price environment in 2016. Adjusted net income declined 21% to $8.3 billi...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.