Total : Q3 2018 results slightly ahead of expectations but cash flow hit by an increase in WCR - Discipline on costs confirmed
>Net profit 4% ahead of expectations - Adjusted attributable net profit came in at $Â 3.958bn, +11.4% q-o-q/+48% y-o-y, thanks to a very good performance from all divisions and a stable tax rate. Total once again confirmed strong visibility on its quarterly earnings, a differentiating element. E&P: earnings 2% higher than expectations and an improvement in the margin - Earnings for the division are up 6.6% q-o-q/ 99% y-o-y to $Â 2.864bn with an improvem...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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