Report
Ahmed Ben Salem

Total : A best-in-class stock that wants to stay that way

>Total is one of the main winners of the current cycle - Following the road show we organised last week with Ladislas Paszkiewicz (head of strategy and climate) and Matthieu Bouyer (IR), we noted three points which bear out the group's strategy: i/ best growth in the sector with +6-7% over 2017-2020 and better margins on barrels, which boosts CFFO (+33% over 2017-2020); 2/ Total took advantage of the crisis in 2015-2017 to carry out high-quality acquisitions at very ...
Underlying
Total SE

Total is an international integrated oil and gas company also active in solar and biomass energy sources. Co. engages all aspects of the petroleum industry, including Upstream operations (oil and gas exploration, development and production, and LNG (Liquefied Natural Gas)) and Downstream operations (refining, petrochemicals, specialty chemicals, marketing and marketing and trading and shipping of crude oil and petroleum products). In addition, Co. is engaged in the coal mining and power generation sectors. Co.'s worldwide operations are conducted through three business segments: Upstream, Refining & Chemicals, and Marketing & Services.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Ahmed Ben Salem

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