Report
Ahmed Ben Salem

Total : Résultats T3 supérieurs aux attentes – Excellente résilience dans un environnement à 40 $/b

>Résultat T3 2020 largement supérieur aux attentes - Le RNpg ajusté ressort à 848 M$, 70% supérieur aux attentes (ODDO BHF 405 M$/ Cs 500 M$) marqué par une reprise du Brent et une excellente performance en marketing mais une baisse des prix du gaz et un effondrement des marges de raffinages. E&P: une bonne performance malgré la baisse de production - En E&P, le résultat ressort à 801 M$ (vs 209 M$ au T2), 6%/34% supérieur à nos attentes et au conse...
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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