Total : Q2 results resilient thanks to trading. Dividend maintained, unlike peers.
>Q2 2020 earnings shoot past estimates on trading revenues - Adjusted net profit clocked in at $Â 126m, which was 130% higher than estimates (ODDO BHF -$Â 460m/ Css -$Â 400m), resulting from lower Brent prices offset by trading income that was $Â 500m above the average.E&P in the red but better than expected; production guidance cut - E&P profits were negative at -$Â 209m, though this was 58% better than expected. Total cut its production guidance by 50,00...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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