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TTA Total Se

0.00 (0.00%)
13 Jun 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 39.315 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
38.68 38.94
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 39.315 EUR

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22/6/202112:23Total SA: Petroleum a la Francais3,824

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Posted at 17/6/2021 10:39 by waldron

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

In a short-term perspective, the company has interesting fundamentals.


The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

This company will be of major interest to investors in search of a high dividend stock.

Over the last twelve months, the sales forecast has been frequently revised upwards.

Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

For several months, analysts have been revising their EPS estimates roughly upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.

The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
Posted at 07/6/2021 20:24 by waldron
Airbus' : Rescue Helicopter Takes Maiden Flight Using Biofuel
06/07/2021 | 09:44am BST

(MT Newswires) -- Airbus (AIR.PA) said Monday that its H145 rescue helicopter completed its first flight in Munich, Germany, using sustainable aviation fuel produced by TotalEnergies (TTE.L, TTE.PA, TTE.BR).

The helicopter was refueled with a second-generation biofuel, produced from residual and waste materials from the circular economy, which lowers carbon dioxide emissions by up to 90% compared with its fossil equivalent.

The rescue helicopter was operated by the German non-profit organization ADAC Luftrettung.

Airbus shares were down marginally, while TotalEnergies fell 2% in London on Monday morning.

Price (GBP): £109.58, Change: £-0.34, Percent Change: -0.31%
Posted at 05/6/2021 07:39 by waldron
4 Jun '21 - 08:40 - 3802 of 3803
0 2 0

TotalEnergies SE : The trend should regain control

06/04/2021 | 07:48am BST

Entry price : 39.99€ | Target : 44.7€ | Stop-loss : 37.1€ | Potential : 11.78%

The underlying tendency is to the upside for shares in TotalEnergies SE and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.

Investors have an opportunity to buy the stock and target the € 44.7.

TotalEnergies SE : TotalEnergies SE : The trend should regain control


The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

In a short-term perspective, the company has interesting fundamentals.


The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

As regards fundamentals, the enterprise value to sales ratio is at 0.81 for the current period. Therefore, the company is undervalued.

This company will be of major interest to investors in search of a high dividend stock.

Over the past year, analysts have regularly revised upwards their sales forecast for the company.

Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

For the past twelve months, EPS forecast has been revised upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.


The company's earnings releases usually do not meet expectations.
Posted at 04/6/2021 18:25 by the grumpy old men
Is Royal Dutch Shell Stock a Buy?
Shell had a solid plan for the future. Or at least it did until things got a little more complicated. What should investors do now?
Reuben Gregg Brewer
Jun 4, 2021 at 11:25AM
Author Bio

Royal Dutch Shell (NYSE:RDS.B) is one of the largest integrated energy companies on Earth. That has put it in the crosshairs of environmentalists looking to take on global warming. The company has started to do something about this issue, but it may not be enough to satisfy detractors. That could make life much more difficult for Shell and its shareholders.
The big change

Shell made the very difficult decision in 2020 to cut its dividend by a huge 65%. There were two reasons why the giant energy company took this step. First, drilling for oil requires a lot of capital investment, and at the time weak oil prices were making it difficult to fund spending needs. Second, the company announced plans to alter the makeup of its business, shifting toward growth in cleaner energy businesses and reducing its emphasis on oil.
A smiling person in front of wind turbines.

Image source: Getty Images.

That second announcement was notable, as it meant that Shell had heard what investors, governments, and environmentalists were saying about reducing carbon and it was taking action. Some of its peers, notably Chevron and ExxonMobil were, and for the most part still are, dragging their feet on this front. Shell's goal is to get to net zero carbon by 2050, with interim goals of a 20% reduction by 2030 and a 45% reduction by 2035.

There are a lot of moving parts to this plan, but it entails reducing oil production, increasing natural gas exposure, and ramping up investment in renewable energy. Shell is not new to the clean energy space either, so it has some expertise to build off of. The goals seem reasonable, but there's one key thing investors have to remember -- the oil business, though shrinking, is helping to fund the transition to a cleaner future.
A wrench in the gears

Everything seemed lined up for Shell. It had even gotten back to increasing its dividend, now having raised it twice since the cut. That was meant as a sign to investors that the company was financially strong and could be trusted to address clean energy concerns and maintain a growing dividend over time. Based on shareholder proxy voting, investors appeared pleased with the direction the company was heading. Then Shell lost a court case in Europe around its environmental impact.

TOT Dividend Per Share (Quarterly) Chart

TOT Dividend Per Share (Quarterly) data by YCharts

The big takeaway from the case is that Shell was told to increase the pace of its clean energy transition. The court mandated target for carbon emission reduction was 45% by 2030. That pushes forward the 2035 goal by five years, but means more than doubling the carbon reduction originally planned for 2030. This is a massive change.

The company responded by outlining the steps it has taken so far and plans to take in the future. And by saying it will appeal the decision. That is the logical step for Shell, but investors need to consider what happens if it loses this fight. Most notably, it will likely have to divest more oil assets to meet the court's mandate. That means less revenue to support the shift toward clean energy. In turn, this will probably lead to increased use of the balance sheet to fund the transition. That is not an ideal solution.
What to do about it?

At this point, nothing is likely to happen in the near term. However, investors looking for a long-term energy investment might want to step back here and rethink how they go about putting their money to work. This isn't to suggest that Shell is a bad company, only that the court loss raises the risks for this energy company in an unpredictable way.

The best alternative right now is likely Total (NYSE:TOT), which is going down a similar clean energy path, has maintained its dividend, and has shareholder support for its transition. Alternatively there is BP, but the company's 2020 dividend cut and high leverage compared to peers are issues that some may, justifiably, find concerning. That said, be prepared, if Shell does end up losing this fight, it is likely that other energy names will find themselves facing similar problems down the line.

Should you invest $1,000 in Royal Dutch Shell plc right now?

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Posted at 30/4/2021 18:07 by waldron
Oil Giants Recover as Prices Rebound -- Update

04/30/2021 | 03:27pm BST

By Christopher M. Matthews

Big oil companies returned to profitability during the first quarter as they recovered from the unprecedented destruction of oil and gas demand wrought by the coronavirus pandemic.

Exxon Mobil Corp. reported $2.7 billion in net income Friday, its first quarterly profit since the pandemic erupted last spring, while Chevron Corp. reported $1.4 billion in first-quarter profit. The results were boosted by rising oil prices during the first months of 2021, as countries around the world soften coronavirus quarantines.

The largest European oil companies, BP PLC, Royal Dutch Shell PLC and Total SE, all reported profits earlier in the week after enduring huge losses last year.

"That recovery, which we had anticipated happening at some point in time, is happening sooner than we anticipated," Exxon Chief Executive Darren Woods said in an interview Friday. "As economies are reopening and rebounding quicker, in some places, than expected, we are seeing a demand response."

Oil companies endured one of their worst years on record in 2020, as Covid-19 lockdowns choked off demand for oil and gas as road and air traffic fell precipitously. Exxon reported its first annual loss in modern history in 2020 of about $22 billion.

But cautious optimism has been mounting that global economic activity could return to pre-pandemic levels later this year as vaccines become more widely available around the world.

Chevron Chief Financial Officer Pierre Breber said that demand for gasoline and diesel was nearly back to pre-pandemic levels, and that jet fuel is the last remaining overhang, with strong signs that domestic air travel in the U.S. is picking up.

"As we look forward, the next couple of quarters look very good," Mr. Breber said in an interview. "We feel good about our ability to generate cash."

Chevron's net income was down about 62% from the same quarter last year, but was a substantial increase from a $665 million loss in the previous quarter. Exxon's $2.7 billion profit compared with a $610 million loss a year ago. BP's profit more than tripled from the previous quarter to nearly $4.7 billion, and Shell reported a profit of almost $5.7 billion.

Share prices for the world's largest energy companies have moved in tandem with oil prices that have rebounded markedly in recent months. U.S. oil prices are up nearly 80% over the past six months, while the shares of Exxon, Chevron, BP and Shell are collectively up about 65%.

On Thursday, U.S. oil prices neared a six-week high of about $65 a barrel but fell around 2.5% in early trading Friday as traders eyed a build in crude and gasoline stockpiles. The share prices of Exxon, Chevron, BP and Shell were collectively down nearly 2% in early trading Friday.

The optimism about oil and gas demand rebounding is being tempered by concerns about rapidly rising Covid-19 case numbers in India and South America, said Bjornar Tonhaugen, an analyst at Rystad Energy. Reduced economic activity in India alone may sap as much as 900,000 barrels of oil a day from global demand, according to Rystad.

"For the moment optimism is helping prices, but every trader's eyes are on India," Mr. Tonhaugen said. "The oil bulls are out again but it's doubtful that they are having a confident and calm sleep."

In response to growing profits, Chevron, BP and Shell boosted their payouts to investors. On Wednesday, Chevron increased its quarterly dividend by 4%, while Shell also raised its dividend 4%, the second increase since slashing it last year. BP said it would buy back $500 million of shares. Total and Exxon held their dividends flat.

The weeklong freeze in Texas that left millions without power in February affected profits for many of the companies, which both produce oil in the state and own plants there to convert the hydrocarbons into fuels and plastics.

Chevron's refining and chemical units reported $5 million in profits, down from $1.1 billion a year ago, which Chevron CEO Mike Wirth attributed to the February storm and continuing impact of the pandemic. In total, the storm cut about $300 million from its profit, Chevron said.

Exxon said the extreme weather reduced earnings by nearly $600 million. Meanwhile, analysts attributed the strong performance of BP's trading unit to its ability to capitalize on substantial price fluctuations during the storm.

Despite the improving conditions, Chevron has pledged to keep capital expenditures austere. Mr. Wirth said capital spending decreased 43% from last year during the quarter, citing its corporate restructuring last year that saw as much as 15% of its workforce laid off. Exxon also has pledged fiscal restraint, saying its plan to cut annual capital spending by about 30% remains unchanged.

Some investors are deeply skeptical of the industry notwithstanding climbing commodity prices, according to Paul Sankey, an independent oil and gas analyst. Most of the companies' share prices are still trading below their pre-pandemic levels as investors evaluate the firms' plans to navigate tightening global regulations on carbon emissions.

Earlier this month, President Biden pledged to cut U.S. emissions by about 50% from 2005 levels by 2030, targeting greenhouse gases from power plants, buildings and the transportation sector. Mr. Woods said Friday that Exxon is engaging with officials on climate policy and has urged the government to set a price on carbon, which it says would spur investment in carbon-reducing technologies.

Mr. Sankey said the industry delivered poor results for years from their core oil business before the pandemic, leaving some to doubt they can reap profits from renewable energy or technologies to reduce carbon emissions, which some of the companies have promised to do.

"Their track record is not good enough for them to get into a new theme, because they did so poorly on the old one," Mr. Sankey said.

Write to Christopher M. Matthews at

(END) Dow Jones Newswires
Posted at 30/4/2021 13:54 by sarkasm
Offshore Technology

Total Q1 adjusted profit surges 69% to $3.34bn
30 Apr 2021 (Last Updated April 30th, 2021 12:44)

Total has reported an adjusted net income of $3.34bn for the first quarter of 2021, a surge of 69% year-on-year, bolstered by a rebound in global oil and gas prices.

Total Q1 adjusted profit surges 69% to $3.34bn

Total’s sales in the first quarter stood at $43.74bn. Credit: Kristina Kasputienė from Pixabay.

Total has reported an adjusted net income of $3.34bn for the first quarter of 2021, a surge of 69% year-on-year, bolstered by a rebound in global oil and gas prices.

Adjusted net operating income of $3.49bn was 52% more than $2.3bn reported a year ago.

Total chairman and CEO Patrick Pouyann√© said: “In the first quarter, the group fully benefited from rising oil and gas prices, up 38% and 24%, respectively quarter-to-quarter, and its strategy to grow liquefied natural gas (LNG) and renewables and electricity.”

The French energy company’s sales in the first quarter stood at $43.74bn, marginally lower than last year’s figure of $43.87bn.

For the three months to March, revenues from sales increased to $38.63bn from $38.58bn a year earlier.

Hydrocarbon production in the first quarter saw a decrease of 7% year-on-year to 2.86 million barrels of oil equivalent per day (boe/d), within which liquids output fell 11% to 1.51 million boe/d.

Total’s LNG sales during the quarter increased by 1% year-on-year to 9.9 million mt.

However, the company more than doubled its installed renewable power generation capacity in the last year from 3GW to 7.8GW.

The company’s Board of Directors has approved a first interim dividend of 0.66 euro per share for the fiscal year 2021.

The French group said it expects stable hydrocarbon production in 2021 compared to 2020, aided by the resumption of production in Libya.

The company unveiled an operating cost savings target of $500m in 2021 and production costs close to $5/boe.
Posted at 29/4/2021 11:53 by adrian j boris
Summary and outlook

Supported by the OPEC+ active policy to reduce inventories by adapting supply to demand, the oil price has remained above $60/b since the beginning of February 2021. However, the oil environment remains volatile and dependent on the global demand recovery, still affected by the Covid-19 pandemic.

The Group maintains its expectation for stable hydrocarbon production in 2021 compared to 2020, benefiting from the resumption of production in Libya.

Total anticipates that the increase in the oil price observed in the first quarter will have a positive impact on its average LNG selling price over the next six months, given the lag effect on pricing formulas.

Given the high level of distillate inventories, European refining margins remain fragile.

Faced with uncertainties in the environment, the Group maintains spending discipline with an operating cost savings target of $0.5 billion in 2021 and production costs close to $5/boe. Net investments are expected to be between $12-13 billion in 2021, half to maintain the Group's activities and half for growth. Nearly 50% of these growth investments will be allocated to renewables and electricity.

The Group's teams are fully committed to the four priorities of HSE including the objectives in terms of CO(2) emission reductions, operational excellence, cost reduction and cash flow generation.

In a 2021 hydrocarbon price environment maintained at the level of the first quarter (Brent at $60/b, European gas at $6/Mbtu), and with European refining margins at $10-15/t, the Group would expect to generate cash flow (DACF) on the order of $24 billion and a return on capital employed of close to 10%.

The Group confirms its priorities in terms of cash flow allocation: investing in profitable projects to implement its strategy to transform the Group into a broad-energy company, supporting the dividend through economic cycles, and maintaining a solid balance sheet with a minimum long-term "A" rating, by deleveraging to anchor the net debt-to-capital ratio sustainably below 20%.

* * * * *
Posted at 09/3/2021 22:52 by 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
Posted at 09/3/2021 08:46 by 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.”
Posted at 29/7/2020 20:51 by 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.


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.

* * * * *
Total share price data is direct from the London Stock Exchange

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