Report
Ahmed Ben Salem

Total : Share set for a re-rating in the near future driven by the renewables strategy

>Carbon neutrality in 2050: a responsible move for the climate… - The energy sector is responsible for 75% of CO2 emissions and two-thirds of greenhouse gas emissions. Total signed the Paris climate agreement and has decided to achieve carbon neutrality by 2050 for scope 1+2 in its worldwide operations and for scope 1+2+3 emissions in Europe. Recall that scope 3 accounts for 85% of emissions represented by the energy consumed by end clients. Total promised to target...
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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