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Share Name Share Symbol Market Type Share ISIN Share Description
Total Se LSE:TTA London Ordinary Share FR0000120271 TOTAL ORD SHS
  Price Change % Change Share Price Shares Traded Last Trade
  -0.19 -0.49% 38.415 826,115 13:04:18
Bid Price Offer Price High Price Low Price Open Price
37.845 39.02 38.415 38.055 38.165
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 3,452
Last Trade Time Trade Type Trade Size Trade Price Currency
13:09:27 O 276 38.40 EUR

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15/4/2021
09:20
Total Daily Update: Total Se is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker TTA. The last closing price for Total was 38.61 €.
Total Se has a 4 week average price of 37.46 € and a 12 week average price of 34.26 €.
The 1 year high share price is 41.92 € while the 1 year low share price is currently 24.35 €.
There are currently 89,870,935 shares in issue and the average daily traded volume is 14,198,758 shares. The market capitalisation of Total Se is £3,452,391,968.03.
09/3/2021
22:52
waldron: Oil Prices Slide On Yet Another Surprise Inventory Build By Julianne Geiger - Mar 09, 2021, 3:43 PM CST The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 12.792 million barrels for the week ending March 5. Analysts had predicted an inventory build of 816,000 barrels for the week. In the previous week, the API reported a major build in oil inventories of 7.356-million barrels after analysts had predicted a 928,000-barrel draw. But that was nothing compared to the EIA's report a day later of a 21.6 million barrel build. It is unclear whether today’s reported stock build is part of EIA’s large build reported last week, or whether we will see another large build from the EIA tomorrow. Oil prices slid further on Tuesday ahead of the data after a couple days of price rallying courtesy of the Houthi rebels, who claimed Sunday's attack on Saudi oil infrastructure. At 3:19 p.m. EDT, before Tuesday's data release, WTI had fallen by $0.99 on the day (-1.52%) to $64.06. Although down for the day, WTI is still trading up more than $4 per barrel over this time last week. The Brent crude benchmark had also fallen on the day, $0.75 at that time (-1.10%) to $67.49—also more than $4 per barrel up on the week. U.S. oil production rose by 300,000 bpd barrels per day to 10.0 million bpd, according to the Energy Information Administration. Enbridge tanks at Cushing as of March 5. Image courtesy of GeoSpatial Insight The API reported another large draw in gasoline inventories of 8.499 million barrels for the week ending March 5—on top of the previous week's 9.933-million-barrel draw. Analysts had expected a 3.467-million-barrel draw for the week. Distillate stocks saw a large decrease as well, of 4.796 million barrels for the week, after last week's 9.053-million-barrel decrease. Cushing inventories rose by 295,000 barrels. Last week, inventories at the Cushing oil hub increased by 732,000 barrels. Post data release, at 4:35 p.m. EDT, the WTI benchmark was trading at $63.79, while Brent crude was trading at $67.22. By Julianne Geiger for Oilprice.com
09/3/2021
08:46
ariane: Oil supermajors spent almost $50bn to ‘please investors’ in 2020, report finds Features & AnalysisOil & GasPetrochemicals By James Murray 08 Mar 2021 The world’s five largest private-sector oil and gas companies – ExxonMobil, Chevron, BP, Total and Shell – collectively spent $49.9bn on shareholder dividends and share buybacks last year Oil pump The oil supermajors generated $20.5bn from their core business operations in free cash flow throughout 2020 (Credit: Pixabay/ArtTower) The oil supermajors combined to spend almost $50bn on payouts to their investors in 2020, according to a report. The analysis by the Institute of Energy Economics and Financial Analysis (IEEFA) shows that the world’s five largest private-sector oil and gas companies – ExxonMobil, Chevron, BP, Total and Shell – collectively spent $49.9bn on shareholder dividends and share buybacks last year. The firms generated $20.5bn from their core business operations in free cash flow throughout 2020 – marking a cumulative gap between free cash flows and shareholder payouts of $29.4bn, which is almost triple the previous year’s deficit. “These results spotlight a harsh reality,” said Trey Cowan, an IEEFA energy analyst and co-author of the report. “Investors can no longer count on the oil and gas supermajors to generate abundant, sustainable cash returns.” Four of the oil supermajors failed to generate enough cash to cover payments to investors The report highlights that during 2020, four of the companies failed to generate enough cash from their primary business – selling oil, gas, refined products, and petrochemicals – to cover their cash payments to shareholders. Texas-based ExxonMobil paid $17.8bn more to shareholders during the year than it generated from its core business operations, while California-headquartered Chevron paid $9.5bn more, British firm BP paid $7.3bn more, and France’s Total rewarded its shareholders with $2.9bn more than it generated. Anglo-Dutch multinational Shell was the only supermajor to buck the trend, generating an $8bn cash surplus. But to do so, the company reduced dividends by two-thirds – its first per-share dividend cut since 1945 – and suspended share buybacks and slashed capital expenditures by 28% year-over-year. The report found that the five companies have reported $325bn in free cash flows over the past decade while rewarding shareholders with a whopping $561bn in share buybacks and dividends. It added that the supermajors have funded their “investor-pleasing spree” by selling assets and taking on long-term debt. Even though a recent spike in oil prices and increase in demand from an easing of the global Covid-19 pandemic have been “cause for optimism”, investors are beginning to take notice, according to the analysis. It highlights that Standard & Poor’s Global Ratings lowered the ratings of both ExxonMobil and Chevron to AA-, noting that the industry faces a “more difficult operating environment”. “Generous dividends and share buybacks give the globe’s largest private oil and gas companies a veneer of blue-chip financial performance,” said Clark Williams-Derry, an IEEFA financial analyst and co-author of the report. “But closer examination reveals an underlying financial weakness.”
27/2/2021
12:51
maywillow: REACTION LIFE BY Neil Collins / 26 February 2021 Bernard Looney would rather Trinity College Cambridge did not sell its shares in oil companies. As CEO of BP, it’s understandable that he should believe that turning your back on them is no way to encourage a change in behaviour. It is unlikely that the college grandees are listening. Enough of the students have been convinced that oil is evil to overwhelm anything as intellectual as an investment case. For them, no price is too low to justify holding these destroyers of the planet. Similar pressure is being brought to bear on local authorities. Friends of the Earth, a militant anti-carbon pressure group, has calculated that the authorities’ pension funds hold £10bn of shares in fossil fuels, including – shock – £3.5bn in coal. Trinity has already capitulated and agreed to sell, and the councils are similarly unlikely to resist. Yet it may not be so easy. Trinity has holdings in 172 fossil fuel companies, but 168 of these are through tracker funds, so the college would have to sell the funds to get out of the earth-destroyers. The councils will find themselves in the same bind, should they crumble before the FoE pressure. Besides, there may be a serious financial penalty in selling. A year ago, a switch from BP to Orsted, market leader in the offshore windmill business, would have looked smart. These shares more than doubled to their peak in January, while BP halved to their worst, when Covid briefly collapsed the oil price. But the Texan freeze-out exposed an uncomfortable truth about wind farms, and Orsted shares have fallen by a quarter in two months. BP, meanwhile, are 40 per cent above their low. This may owe more to the realisation that oil and gas will remain central to the world’s economy for many years yet than to Mr Looney’s homilies about being nice to “companies who are leaning into the transition”, as he puts it. One that is not leaning is Total, whose CEO not only believes that shares in green energy companies are in a bubble, but has put his company’s money where his mouth is, selling a half share of its wind and solar farms to Credit Agricole. Like everyone else in the West, he aspires to get to net carbon zero by 2050, but as the Chinese keep demonstrating, when it comes to climate change, words and figures do not agree. Staberdeen in the back Nobody would claim that the merger of Standard Life with Aberdeen Asset Management has been a resounding success. When it was announced four years ago, Standard was worth £7.5bn and Aberdeen £3.8bn. The combine is valued at £7bn today. The twin-headed CEO structure has gone, and Stephen Bird, the newish single incumbent, is understandably fed up with it being dubbed Staberdeen. The usual remedy is a change of name to draw a veil over the past, or as one reader of Wealth Manager website put it, to disguise the sell-off of the Standard Life name, which despite devaluation over the years, probably still has some brand value. The deal to sell it, to the existing partner Phoenix, is described as a “simplification” process, although nothing is simple in the world of life assurance, and the market was unimpressed. On a yield of 6.6 per cent, investors suspect the SLA dividend might be “simplified221; too, in a downwards direction. Fortunately for the nation’s savers, there are some reasonable performers among the £500bn of funds that Staberdeen manages. Not those holding SLA shares, obv. Newts on the line They know they’re in trouble on the Great White Elephant project when they can’t even look after a few wintering newts. Yes, it’s Britain’s most expensive comedy show, sometimes abbreviated to HS2, the railway few want and nobody needs. It’s now under investigation for “wildlife crimes” for failing to set newt traps properly, leading to the death of at least one unfortunate shrew. If found guilty, there’s the prospect of unlimited fines. Great Crested Newts can be jolly pricey; I K Gricer, my engineer surveying the old railway line which used to join Bicester to Bletchley, calculates that it will cost him £10m to comply with the rules protecting them, providing another excuse for HS2 to over-run its £100bn budget. Still, help could be at hand. Beleaguered Grant Shapps at the Department of Transport is advertising for a non-executive director for HS2 Ltd, giving someone “a real opportunity to shape the direction of this critical and highly visible project” as it scythes its way through the English countryside. For £950 a day, two days a week, he/she will be holding the leadership to account, with “particular focus is on improvements in HS2’s approach to communications and engagement with communities along the route.” The bureaucrats at DaFT should watch out for an application from Daniel Hooper. Aka Swampy, he may soon find himself able to spare a couple of days a week between burrowings.
11/2/2021
09:40
ariane: Global Oil Market's Cautious Rebalancing Is Underway, IEA Says 11 February 2021 - 09:29AM Dow Jones News --The IEA has increased its non-OPEC 2021 supply forecast --The oil market is set for "rapid stock draw" in the second half of the year, the IEA says --The agency says North American production is rebounding By David Hodari The global supply and demand of crude oil are on course to continue rebalancing this year, after the turmoil brought by the pandemic in 2020, the International Energy Agency said Thursday. Despite increasing its estimates for the world's oil output in 2021, the IEA said in its closely-watched monthly market report that a recovery in demand will outstrip rising production in the second half of the year to prompt "a rapid stock draw" of the glut of crude built up since the outbreak of the coronavirus. The agency significantly increased its forecast for producing nations outside of the production pact between the Organization of the Petroleum Exporting Countries and allies such as Russia, upping non-OPEC supply by 290,000 barrels a day to an increase of 830,000 barrels a day this year. At the same time, the IEA trimmed its forecast for global oil demand by 200,000 barrels a day to 96.4 million barrels--around 3% less than in 2019, before the coronavirus pandemic--although added that part of that change came thanks to a change to historic data. Even so, with much of the developed world grappling with fresh Covid-19 variants and renewed lockdown restrictions, a brightening economic outlook and strict supply discipline from OPEC-plus are hastening the drawdown in global oil inventories, the IEA said. It added that "the prospect of tighter markets ahead" has been responsible for a sharp rally in oil prices in recent weeks. Crude prices slipped early Thursday, giving up a fraction of their recent gains. Brent crude, the global benchmark, was last down 0.6% at $61.13 a barrel after climbing for nine straight sessions to notch gains of 11% so far in February and break through the $60-a-barrel level for the first time in a year. West Texas Intermediate futures, the U.S. benchmark, fell 0.6% to $58.31 a barrel. The beginning of February saw Saudi Arabia--one of the world's largest producers--unilaterally cut an additional 1 million barrels of crude a day in a move that surprised the world when it was announced the month prior. Along with resilient demand in developing-world powerhouses, such as China and India, as well as hopes of a large U.S. stimulus bill and ecstatic trading in broader financial markets, Riyadh's move has helped fuel a recovery in oil prices. The so-far successful efforts of OPEC-plus to hold back supply, the hoped success of coronavirus vaccination programs, and the prospect of weaker travel restrictions remain the basis for cautious forecasts of an oil-market recovery, the IEA said. In that context, the production of non-OPEC producers will be in focus in the coming months. Those countries, particularly the U.S. and Canada, are responding to those higher prices, "albeit cautiously and from a low level," the IEA said. Drilling and well completion-rates in the Permian Basin have steadily risen in recent months and, while U.S. oil companies are under pressure to reward shareholders and retain financial discipline, current oil prices mean "there is clearly potential for some producers to respect those engagements and modestly increase their capital expenditures," the report added. Canada, meanwhile, is now pumping at record rates, having restored nearly all the production shut during the nadir of the collapse of the global oil market in April. If balances continue to tighten and non-OPEC producers ramp up production, that could fray the cohesion of OPEC-plus cuts, the IEA said. That might have consequences for the oil-price rally. Write to David Hodari at david.hodari@wsj.com (END) Dow Jones Newswires February 11, 2021 04:14 ET (09:14 GMT)
09/2/2021
08:06
waldron: Oil major Total’s full-year profit falls 66% as Covid pandemic hits fuel demand Published Tue, Feb 9 20212:12 AM EST Sam Meredith @smeredith19 Share An employee of the 'Total' oil refinery stands in front of a large tank with the company's logo in Leuna, Germany. Waltraud Grubitzsch | picture alliance via Getty Images LONDON — France's Total on Tuesday reported a massive drop in full-year profit, following a tumultuous 12 months in which commodity prices collapsed amid the coronavirus pandemic. The energy major said full-year 2020 net profit came in at $4.06 billion, beating expectations of $3.86 billion, from analysts polled by Refinitiv. It compared with $11.8 billion for the 2019 fiscal year, reflecting a drop of 66% year-on-year. Total also posted fourth-quarter net profit of $1.3 billion, beating analyst expectations of $1.1 billion. Shares of Total are up around 0.8% year-to-date, having tumbled more than 28% last year. The oil and gas industry was sent into a tailspin last year, as the coronavirus pandemic coincided with a historic demand shock, falling commodity prices, evaporating profits, unprecedented write-downs and tens of thousands of job cuts. Last week, U.K.-based oil and gas major BP reported its first full-year net loss for a decade, while U.S. oil giant Exxon Mobil reported its fourth consecutive quarter of losses. The Anglo-Dutch oil giant Royal Dutch Shell also reported a sharp drop in full-year profits. BP CEO Bernard Looney described 2020 as the "toughest" of his career, while Exxon Mobil CEO Darren Woods said the last 12 months "presented the most challenging market conditions Exxon Mobil has ever experienced." Energy majors have warned that the ongoing coronavirus crisis is likely to continue to impact their performance in the near-term while seeking to reassure investors about their future profitability. International benchmark Brent crude futures traded at $61.22 a barrel on Tuesday morning, around 1.1% higher, while U.S. West Texas Intermediate futures stood at $58.54, up almost 1%. Brent prices surpassed $60 a barrel on Monday for the first time since Jan. 2020. Oil prices have steadily improved in recent weeks, supported by ongoing production cuts and the mass rollout of Covid vaccines. Growing pressure on Big Oil Last month, Total became the first major global energy company to quit the American Petroleum Institute following a review of the influential oil and gas lobby. Total said it had decided not to renew its membership with API this year, citing disagreements over climate policies and the group's support for easing drilling regulations. The move was thought to represent a growing rift between oil and gas majors on either side of the Atlantic. European oil and gas majors have generally been seen to be more willing to accelerate plans to cut carbon emissions in recent years, while U.S. peers such as Chevron and Exxon Mobil have resisted calls to diversify their portfolio. It comes as the global oil and gas industry faces growing pressure from climate emergency campaigners, activist investors and policymakers around the world. S&P Global ratings — one of the most influential rating companies — warned last month that it may cut the credit score on a number of major producers, including Total, Royal Dutch Shell and ExxonMobil. The rating firm said it believes "the energy transition, price volatility, and weaker profitability are increasing risks for oil and gas producers."
29/1/2021
21:32
waldron: TOT vs. CVX: Which Stock Is the Better Value Option? Contributor Zacks Equity Research Zacks Published Jan 29, 2021 11:40AM EST Investors looking for stocks in the Oil and Gas - Integrated - International sector might want to consider either TOTAL SE (TOT) or Chevron (CVX). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. TOTAL SE and Chevron are both sporting a Zacks Rank of # 1 (Strong Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. But this is only part of the picture for value investors. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. TOT currently has a forward P/E ratio of 12.72, while CVX has a forward P/E of 25.10. We also note that TOT has a PEG ratio of 2.97. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. CVX currently has a PEG ratio of 5.02. Another notable valuation metric for TOT is its P/B ratio of 1.09. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, CVX has a P/B of 1.25. These are just a few of the metrics contributing to TOT's Value grade of B and CVX's Value grade of C. Both TOT and CVX are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that TOT is the superior value option right now. h
25/1/2021
12:35
misca2: TOTAL SE (Paris:FP) (LSE:TTA) (NYSE:TOT): NOTICE IS HEREBY GIVEN that, pursuant to Condition 6.2 (Optional Redemption) of the terms and conditions of the Euro 2,500,000,000 Undated Non-Call 6 Year Deeply Subordinated Fixed Rate Resettable Notes (the "Notes") issued on 26 February 2015 by TOTAL SE (formerly TOTAL S.A., incorporated as a European Company (societas europaea) registered in the Republic of France, under RCS 542 051 180 Nanterre) (the "Issuer") under its EUR23,000,000,000 Euro Medium Term Note Programme described in the prospectus dated 24 February 2015 (the "Prospectus"), the Issuer hereby elects to redeem all of the Notes outstanding on the Redemption Date (as defined below) in an aggregate principal amount of EUR296,687,000 (the "Redeemed Notes") on 26 February 2021 (the "Redemption Date"). This notice is irrevocable. Capitalized terms used herein and not defined are used as defined in the Prospectus. The redemption price of the Redeemed Notes is equal to their principal amount, which is issued in denominations of EUR100,000, together with any accrued interest and Arrears of Interest (including any Additional Interest Amounts thereon), if any, on the Redeemed Notes, from 26 February 2020 to, but excluding, the Redemption Date (the "Redemption Price"). The Redemption Price amounts to EUR102,250.00 per EUR100,000 denomination. Upon the Redemption Date, the Redeemed Notes will forthwith be cancelled. The ISIN and Common Code numbers are included herein solely for the convenience of the registered owners of the Notes. No representation is made as to the correctness or accuracy of the ISIN or Common Code numbers either as printed on the Notes or as contained herein. Any redemption of the Notes shall not be affected by any defect in or omission of such identification numbers. View source version on businesswire.com: Https://www.businesswire.com/news/home/20210125005319/en/
08/8/2020
09:24
gibbs1: Hot weather sends natural gas prices surging WTI remains above $41 as it stays in narrow price band By Mella McEwen, MRT.com/Midland Reporter-Telegram Published 5:55 pm CDT, Friday, August 7, 2020 West Texas Intermediate eked out a small gain this week, remaining above $41 a barrel as it continues to be stuck in a narrow trading band. West Texas Intermediate eked out a small gain this week, remaining above $41 a barrel as it continues to be stuck in a narrow trading band. Natural gas prices, however, saw strong gains this week, starting with a 30-cent jump Monday that put it over $2.10 per Mcf on the New York Mercantile Exchange. That was followed by a 9-cent gain Tuesday, then prices slumped lightly Wednesday and Thursday before gaining 7 cents Friday to close at $2.24 per Mcf. That’s well above the $1.80 Mcf at last Friday’s close. “NYMEX Henry Hub posted substantial gains on August 3 and 4 due to an easing of storage availability fears, excessive heat in June and July and more of the same expected in August and signs of strengthening LNG export demand,” Midlander Mike Banschbach, an oil gas, and natural gas liquids marketing consultant, told the Reporter-Telegram by email. “However, prices in the Permian were tempered by the rising basis between Waha and Henry Hub, resulting in a modest 15 cent per MMBtu gain in Waha prices for the fourth quarter.” Banschbach said that if crude prices creep up above $45 a barrel later in the year, prompting Permian producers to drill and complete wells, that will result in more natural gas – associated with the crude production – being put in the market and that will put downward pressure on the Permian natural gas price. WTI on the NYMEX reported three days of gains this week, putting it above $42 a barrel Wednesday before prices slumped the final two days of the week. WTI fell 73 cents to close at $41.22 per barrel Friday, up from $41.04 at Monday’s close. The posted price ended the week at $37.75 a barrel. Bloomberg reported that crude prices were weakened by renewed tensions between the U.S. and China, which the news service said rattled markets already reeling from uncertainty over a new round of economic stimulus to help the economy through the COVID-19 pandemic. According to Bloomberg, crude is testing the upper bound of its recent trading range after hitting a five-month high this week amid shrinking U.S. stockpiles. But taking the wind out of any sustained breakout rally is the spotty recovery in oil consumption, with crude imports into China shrinking in July. Roger Diwan, vice president, financial services at IHS Markit, said in a market assessment that prices are emerging “bruised and battered from the worst of the COVID-19 outbreak” and are now at a delicate point as prices transition to what his company calls Phase II of its three phased of market recovery. The second phase is the “just-in-time” phase in which surplus inventories are being worked down in parallel with rising supplies as spare supply capacity returns from the OPEC+ alliance and North American producers. “The record cuts set in motion in May and June by Saudi Arabia and its OPEC+ partners played a pivotal role in accelerating the improbable rebalancing of global oil markets. With demand recovering from April lows and after giving markets an extra month to find their footing, these exporters have now moved from managing the immediate surplus of the crisis towards managing the recovery,” Diwan wrote in his assessment. “The recent display of restored harmony among OPEC+ heavyweights Saudi Arabia and Russia illustrates that the strategic debate within the group over price levels and market share has time to run,” he wrote. “As long as prices hold in the current range, demand concerns will likely help keep the agreement on course. When prices surpass $50 a barrel, potentially lifting capital spending in the United States higher, that is when changes to the tenor of the discussion, and the divergence of interest could start to play out.”
29/7/2020
20:51
the grumpy old men: TOTAL: Short Term Price Revision and Climate Ambition: Total Announces Exceptional 8 B$ Asset Impairments Including 7 B$ in C... 29/07/2020 5:55pm UK Regulatory (RNS & others) Total (LSE:TTA) Intraday Stock Chart Wednesday 29 July 2020 Click Here for more Total Charts. TIDMTTA For the calculation of impairment tests of its assets, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) set in 2019 a price scenario with a 2050 Brent price of 50$/b, in line with the "well below 2 degC" scenario of the IEA. This scenario is described in the Universal Registration Document (note 3 of Chapter 8). Given the drop in the oil price in 2020, Total decided to revise the price assumptions over the next years and selected the following profile for the Brent price: 35$/b in 2020, 40$/b in 2021, 50$/b in 2022, 60$/b in 2023; gas prices have been adjusted accordingly. For the longer term, Total maintains its analysis that the weakness of investments in the hydrocarbon sector since 2015 accentuated by the health and economic crisis of 2020 will result by 2025 in insufficient worldwide production capacities and a rebound in prices. Beyond 2030, given technological developments, particularly in the transportation sector, Total anticipates oil demand will have reached its peak and Brent prices should tend toward the long-term price of 50$/b, in line with the IEA SDS scenario. The average Brent price over the period 2020-2050 thus stands at 56.8$(2020) /b. As a result of this short-term price revision, Total recognizes in the 2(nd) quarter 2020 an exceptional asset impairment charge of 2.6 B$, mainly on Canadian oil sands assets for 1.5 B$ and LNG assets in Australia for 0.8 B$, both being giant projects with high construction costs. These limited impacts (less than 2% of Total's overall assets) reflect the strength of the Group's balance sheet. In addition, in line with its new Climate Ambition announced on May 5, 2020, which aims at carbon neutrality, Total has reviewed its oil assets that can be qualified as "stranded", meaning with reserves beyond 20 years and high production costs, whose overall reserves may therefore not be produced by 2050. The only projects identified in this category are the Canadian oil sands projects Fort Hills and Surmont. For impairment calculations, Total's Board of Directors has decided to take into account only proven reserves on these 2 assets -- unlike general practice which considers so-called proven and probable reserves. This leads to an additional exceptional asset impairment of 5.5 B$. Consequently, Total will only take into account for its proven and probable reserves in Canada the proved reserves. And the proved and probable reserves life of the Group is thus reduced from 19.0 to 18.5 years. In addition, Total will not approve any new project of capacity increase on these Canadian oil sands assets. Finally, still consistent with the Climate Ambition announced on May 5, 2020, Total decided to withdraw from the Canadian association CAPP considering the misalignment between their public positions and the Group's ones. Overall, the exceptional asset impairments that will therefore be taken into account in the 2(nd) quarter of 2020 amount to 8.1 B$, including 7 B$ on Canadian oil sands assets alone, impacting the gearing ratio of the Group by 1.3%. About Total Total is a broad energy Group, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. * * * * *
29/5/2020
13:31
waldron: Total Announces the Payment Terms of the Final 2019 Dividend Following the Shareholders' Meeting of May 29, 2020 Print Alert Regulatory News: The Shareholders' Meeting of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT), held today at its registered office under the chairmanship of Mr Patrick Pouyanné, declared a dividend of EUR2.68 per share for the financial year 2019. Given the first two interim dividends of EUR0.66 per share and the third interim dividend of EUR0.68 per share paid respectively on October 1(st) , 2019, January 8, 2020 and on April 1(st) , 2020, the remaining final 2019 dividend to be paid amounts to EUR0.68 per share. The Shareholders' Meeting also decided that shareholders will be given the option to receive payment of this final dividend in cash or in new shares of the Company, each choice being exclusive of the other. The share price of new shares to be issued as payment of the final dividend is set at EUR28.80. This price is equal to 90% of the average opening prices of the shares for the twenty trading days preceding the Shareholders' Meeting, reduced by the amount of the final dividend and rounded up to the nearest cent. The shares issued will carry immediate dividend rights, be admitted for trading on Euronext Paris and be fully assimilated with existing TOTAL shares. If the amount of the final dividend for which the option is exercised does not correspond to a whole number of shares, the shareholders may opt to receive either the number of shares immediately above, by paying a cash adjustment on the day they exercise their option, or the number of shares immediately below, plus a balancing cash adjustment. Shareholders and holders of American Depositary Shares ("ADS") will be given the option to receive the dividend either in cash or in new shares, by instructing their financial advisors, according to the following timetable: In 2020 Shareholders ADS holders Ex-dividend date June 29 June 25 Period to opt in for the payment in July 1 to July 10 June 29 to July 7 new shares (inclusive) (inclusive) Payment in cash or in new shares July 16 July 23 About Total Total is a broad energy Group, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. * * * * *
Total share price data is direct from the London Stock Exchange
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