Total : Reassuring Q1 2020 results, capex lowered, dividends maintained and carbon neutrality targeted
>Q1 2020 results 11% above forecasts - Attributable net profit was $Â 1.781bn, 11.3% above forecasts (ODDO BHF $Â 1.57bn/ consensus $Â 1.6bn) marked by a decline in the price of Brent, gas and refining margins.E&P: volume growth limiting the impact of the decline in Brent - In E&P, operating profit was $Â 703bn, 22% below forecasts and the group has revised down its guidance for production by 5% to 2.95-3 Mb/d in line with 2019, impacted by the decline ...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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