Total : Q2 results a shade above expectations, the group’s strategy is paying off
>Net profit 2% ahead of expectations - Adjusted attributable net profit came in at $ 3.55bn, +23% q-o-q/+44% y-o-y, thanks to a good performance from all divisions and a tax rate down slightly to 46.3% vs 48.1% in Q1 2018. Total once again confirmed strong visibility on its earnings, which is reassuring.Upstream: excellent results and production guidance revised up - Earnings for the division rose 23% q-o-q to € 2.687bn, with a 22% rise in the net ma...Total Gabon is mainly engaged in the crude petroleum and natural gas sectors. Co. is engaged in international oil and gas exploration and production. Co. operates under licences, concession agreements, and production-sharing agreements with host nations. Co. is involved in the exploration, excavation and sale of oil and gas. Co. is also engaged in oil refining, marketing, and trading.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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