Total : Preview Investor Day of 25 September – Towards an upward revision of the FCF, facilitating an acceleration of the share buyback, in our view
>Increase in the cash flow and discipline in capex - Total is due to hold its Investor Day on 25 September in New York. This will be an opportunity for the group to confirm its production growth, the strongest in the sector, and which will probably be revised up from 5% to 7% for 2019, with higher margin new barrels. The group is benefiting, moreover, from the rise in the price of Brent and greater profitability in LNG, which will help lift guidance for cash flow from...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.
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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