Total : Solid Q1 results, guidance for CFFO raised and gearing at a low
>Q1 2021 results 25% above forecasts - Adjusted attributable net profit was $ 3bn, 25% above forecasts (ODDO BHF $ 2.5bn/ consensus $ 2.4bn) marked by an upturn in Brent and natural gas and trading gains but refining margins still under pressure. E&P in line, record result at iGRP - In E&P, the result came in at $ 1,975m and was in line. The group managed to capture the increase in the price of hydrocarbons and maintain its production costs at $ 5/b,...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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