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Name | Symbol | Market | Type |
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TOTAL SE | NYSE:TOT | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 48.30 | 0 | 01:00:00 |
By Kim Richters
Total SA said Monday that it is implementing an "action plan" in light of the decline in oil prices.
The measures include organic capital expenditure cuts of over $3 billion and lowering its net investments in 2020 to less than $15 billion, the French oil company said.
Total's plan also entails increasing its operating costs savings for the year to $800 million from $300 million and suspending its $2 billion buyback plan for 2020.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 23, 2020 04:06 ET (08:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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