Report
Ahmed Ben Salem

Total : Total devient TotalEnergies et se tourne vers les renouvelables

>Résultat T4 2020 9% supérieur aux attentes - Le RNpg ajusté ressort à 1 304 M$, 8.7% supérieur aux attentes (ODDO BHF 1.1 Md$/ consensus 1.2 Md$) marqué par une reprise du Brent et du gaz naturel mais des marges de raffinage toujours sous pression. Vers une amélioration en Upstream et iGRP mais prudence dans R&M - En E&P, le résultat ressort à 1 068 M$ soit 7% supérieur aux attentes. Le groupe prévoit une production stable en 2021 à 2.9 Mbep/j mais ...
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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