Report
Ahmed Ben Salem

Total : Résultats T1 2020 rassurants, baisse des Capex, maintien des dividendes et neutralité carbone visée

>Résultat T1 2020 11% supérieur aux attentes - Le RNpg ajusté ressort à 1.781 Md$ 11.3% supérieur aux attentes (ODDO BHF 1.57 Md$/ Cs 1.6 Md$) marqué par la baisse des prix du Brent, du gaz et des marges de raffinage.E&P: une croissance des volumes limitant l’impact de la baisse du Brent - En E&P, le résultat opérationnel ressort à 703 Md$, 22% inférieur aux attentes, et le groupe révise sa guidance de production en baisse de 5% à 2.95-3 Mb/j en lig...
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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