Total : Q3 2020 results ahead of expectations – Excellent resilience in an environment at $ 40/b
>Q3 2020 results well ahead of expectations - Adjusted attributable net profit came in at $ 848m, 70% ahead of expectations (ODDO BHF: $ 405m/ consensus $ 500m) marked by an upturn in Brent and an excellent performance in marketing but a decline in gas prices and a collapse of refining margins. E&P: a good performance despite the decline in production - In E&P, net profit totalled $ 801m (vs $ 209m in Q2), 6% and 34% ahead of ODDO BHF and the consens...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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