Report
Ahmed Ben Salem

Total : Growth in CFFO and shareholder returns confirmed – Progressive and disciplined strategy for renewables

>Improvement in margins in E&P, cost-control and digitisation - Total presented its Q4 results and outlook in Aberdeen last Thursday. The group confirmed practically of the guidance issued in September, with the exception of production which could vary between 2% and 4% in 2020 depending on the closing of the acquisition of Anadarko’s Algerian assets (possibility of right of first refusal). Due to the investment cuts in 2015-2016 which impacted the whole sector, prod...
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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