Total Share Discussion Threads

[waldron] 05/5/2020 08:19

Total (Paris:FP) (LSE:TTA) (NYSE:TOT):



The Board of Directors met on May 4, 2020, and declared the distribution of the 2020 first interim dividend at EUR0.66/share, stable compared to the 2019 first interim dividend. This interim dividend will be paid in cash exclusively according to the following timetable:


In 2020 Shareholders ADS holders
Ex-dividend date September 25 September 23
Payment date October 2 October 16


Furthermore, the Board of Directors decided on February 5, 2020, to propose to the Shareholders' Meeting on May 29, 2020, the distribution of a 2019 final dividend of EUR0.68/share. The Board of Directors of May 4, 2020, decided to offer the shareholders, subject to approval at the Shareholders' Meeting on May 29, 2020, the option to receive the 2019 final dividend in cash or in new shares of the Company with a discount, each choice being exclusive of the other.



Hence, shareholders and American Depositary Share (ADS) holders 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

[waldron] 04/5/2020 17:21

Brent Crude Oil NYMEX 26.63 +0.72%
Gasoline NYMEX 0.80 +1.44%
Natural Gas NYMEX 2.20 +3.00%
WTI 22.206 USD +3.95%


FTSE 100
5,753.78 -0.16%
Dow Jones
23,537.96 -0.78%
CAC 40
4,378.23 -4.24%
SBF 120
3,459.11 -4.19%
Euro STOXX 50
2,812.58 -3.94%
DAX
10,466.8 -3.64%
Ftse Mib
17,075.24 -3.48%


Eni
8.211 -5.77%




Total
30.49 -7.18%



Engie
9.444 -4.64%



Bp
300.6 +0.59%

Vodafone
109.66 -0.65%

Royal Dutch Shell A
1,265.4 +2.74%


Royal Dutch Shell B
1,221.6 +1.80%

[adrian j boris] 04/5/2020 08:22

Next strong support is at 28 and then 22 euros

tomorrows results will tell all

[adrian j boris] 04/5/2020 08:19

5/04/2020 | 04:34am BST

France's Total SA is seeking to expand its power retailing business in Australia from the middle of this year as part of a global plan to sell electricity to 9 million sites by 2023.

Total already sells power to the Gladstone liquefied natural gas (LNG) project, in which it is a stakeholder, and wants to supply electricity to other large customers across Australia's eastern states, it said in an application to the Australian Energy Regulator.

"TGPAU's proposed target market is the very large customer end of the market (for example industrial and government customers)," Total Gas & Power Australia (TGPAU) said in its application.

The application was filed in March and released by the regulator on Monday for public comment.

The oil and gas supermajor is targeting a similar market as rival Royal Dutch Shell, which last year entered the Australian power industry taking over ERM Power, the country's No.2 energy retailer to businesses and industry.

As of 2018, Total said it sold 37 terrawatt hours of electricity to more than 5 million customers and traded 250 TWh of electricity in 11 countries.

Total's footprint in Australia includes stakes in the Ichthys LNG project in northern Australia, solar farms in Victoria and New South Wales and a battery project in Western Australia.

(Reporting by Sonali Paul; Editing by Anil D'Silva)

[adrian j boris] 04/5/2020 08:06

France's Total plots entry into electricity retailing
Angela Macdonald-Smith
Angela Macdonald-SmithSenior Resources writer
May 4, 2020 – 10.22am

French energy major Total is preparing to launch into Australia's electricity retailing sector with a focus on large industrial and government customers, in a significant expansion of its existing sole focus as a limited supplier of power to its part-owned GLNG gas venture in Queensland.

The move follows supermajor Shell's entry into the same sector, which was accelerated through the surprise $617 million takeover of business power retailer ERM Power last year.

[waldron] 03/5/2020 12:28

05/05
2020
First Quarter 2020 Results

[grupo guitarlumber] 03/5/2020 09:26

Total maintains Congo oil drilling despite virus cases
Apr. 27, 2020 12:57 PM ET|About: TOTAL S.A. (TOT)|By: Carl Surran, SA News Editor

Total (TOT +2.4%) says 14 workers have tested positive for the coronavirus at its sites in the Republic of Congo but production at the 190K bbl/day operations have not been affected.

The company says it is continuing drilling but taking measures to curb the spread of the disease through systematic spraying and isolating the infected persons in quarantine.

One of Total's major projects in Congo - the Moho deep offshore project, which began production in 2017 - accounts for ~60% of the country's oil output.

[maywillow] 02/5/2020 07:59

05/05
2020
First Quarter 2020 Results

[waldron] 30/4/2020 18:30

Brent Crude Oil NYMEX 25.72 +6.15%
Gasoline NYMEX 0.77 +2.65%
Natural Gas NYMEX 1.89 +1.34%
WTI 17.61 USD +10.65%


FTSE 100
5,901.21 -3.50%
Dow Jones
24,262.17 -1.51%
CAC 40
4,572.18 -2.12%
SBF 120
3,610.57 -2.00%
Euro STOXX 50
2,927.93 -2.38%
DAX
10,861.64 -2.22%
Ftse Mib
17,676.92 -2.16%



Eni
8.714 -2.71%



Total
32.85 -2.87%


Engie
9.904 -0.86%


Bp
313.1 -6.12%

Vodafone
112.14 -5.69%

Royal Dutch Shell A
1,325 -10.82%



Royal Dutch Shell B
1,286.4 -11.37%

[grupo guitarlumber] 30/4/2020 15:30

Oil Rises on Hopes for Demand Recovery
Print
Alert

By Amrith Ramkumar

Oil prices advanced in volatile trading on Thursday, lifted by hopes for a rise in fuel consumption as lockdown measures to stop the coronavirus are rolled back.

U.S. crude for delivery in June rose 12% to $16.85 a barrel on the New York Mercantile Exchange, extending a recent stretch of wild swings. The benchmark started the year above $60 but has crashed with the coronavirus eroding fuel demand. A similar contract for delivery next month crashed to minus $37.63 a barrel on April 20, the first time in oil-market history futures have turned negative.

When such contracts expire, the holders must either take delivery of barrels of oil in Cushing, Okla., or sell them. Whoever was left holding them likely couldn't find available storage amid the glut, forcing them to sell and driving prices well below $0. The contract expired on April 21 after rebounding to positive territory.

As a result of the negative pricing and oversupply, many investors and commodity funds no longer want to hold oil to be delivered soon. Instead they want crude for delivery several months from now, lowering trading in near-dated futures and driving big swings in both directions.

There are now more July futures contracts outstanding than contracts for June delivery, a shift that normally would have taken place closer to May 20, the day June futures expire. On Thursday, the July futures rose 9.1% to $20.86 a barrel.

The gains came with some states in the U.S. easing lockdown measures and followed Wednesday data showing a recovery in gasoline consumption last week. Demand is also expected to rebound in China after its economy shut early in the year to fight the pandemic.

Investors are also looking ahead to global supply cuts set to take effect Friday. In addition to those coordinated output reductions, some companies are being forced to shut in productive wells because prices have fallen so much.

Production cuts in oil, on purpose or by default, come at a time when demand probably has nowhere to go but up," Phil Flynn, senior market analyst at the Price Futures Group, said in a note.

Brent crude futures for delivery in July, the most actively traded global benchmark of prices, rose 9% to $26.41 a barrel on the Intercontinental Exchange on Thursday. A contract for June delivery rallied 12% to $25.23 on its final day of trading. Brent futures track the price of seaborne crude, relying on an index calculated by ICE.

Many analysts expect prices to remain volatile, especially with many investors and exchange-traded funds selling near-dated oil futures and buying contracts for crude to be delivered several months from now.

Write to Amrith Ramkumar at [e-mail]



(END) Dow Jones Newswires

April 30, 2020 10:02 ET (14:02 GMT)

[ariane] 30/4/2020 08:17

Financial announcements & roadshows

05/05
2020
First Quarter 2020 Results

05/29
2020
Annual Shareholders' meeting

06/29
2020
Ex-Dividend date for the 2019 Final Dividend

07/30
2020
Second Quarter and First Half 2020 Results

09/15
2020
Participation to the investor fair "Investir Day" in Paris (France)

09/19
2020
VFB investor fair in Antwerp (Belgium)

09/22
2020
Total Investor Day 2020

10/12
2020
Shareholders meeting in Annecy (France)

10/30
2020
Third Quarter 2020 Results

11/19
2020
Shareholders meeting in Rennes (France)

[waldron] 29/4/2020 17:15

Brent Crude Oil NYMEX 24.34 +7.04%
Gasoline NYMEX 0.78 +10.41%
Natural Gas NYMEX 1.88 -3.54
WTI 16.139 USD +23.35%

FTSE 100
6,115.25 +2.63%
Dow Jones
24,609.66 +2.11%
CAC 40
4,671.11 +2.22%
SBF 120
3,684.29 +2.29%
Euro STOXX 50
2,999.45 +2.40%
DAX
11,107.74 +2.89%
Ftse Mib
18,062.31 +2.18%



Eni
8.957 +3.14%


Total
33.82 +3.13%



Engie
9.99 +6.62%



Bp
333.5 +3.54%

Vodafone
118.9 +5.18%

Royal Dutch Shell A
1,485.8 +3.70%



Royal Dutch Shell B
1,451.4 +3.35%

[waldron] 28/4/2020 17:50

Brent Crude Oil NYMEX 22.76 -1.34%
Gasoline NYMEX 0.70 +1.62%
Natural Gas NYMEX 1.94 +1.25%
WTI 12.557 USD +1.89%


FTSE 100
5,958.5 +1.91%
Dow Jones
24,099.27 -0.14%
CAC 40
4,569.79 +1.43%
SBF 120
3,601.73 +1.42%
Euro STOXX 50
2,932.06 +1.91%
DAX
10,795.63 +1.27%
Ftse Mib
17,680.89 +1.73%



Eni
8.684 +3.33%



Total
32.795 +1.69%



Engie
9.37 +0.60%



Bp
322.1 +2.58%

Vodafone
113.04 +2.02%

Royal Dutch Shell A
1,432.8 +2.45%



Royal Dutch Shell B
1,404.4 +2.80%

[ariane] 28/4/2020 09:41

Uganda’s Lake Albert oil project still far from certain, despite Tullow sale

Oil & GasUpstreamInvestment

By Andrew Fawthrop 28 Apr 2020

Industry-wide budget cuts and FID deferrals mean Tullow Oil's Lake Albert stake sale is unlikely to accelerate development of the maiden Uganda oil venture, says an analyst.
Lake Albert Uganda Tullow Oil Twitter

Tullow Oil agreed to sell its stake in Uganda's maiden oil development to Total for $575m (Credit: Twitter/Tullow Oil)

The Lake Albert oil project in Uganda is “highly unlikely” to receive a final investment decision (FID) before the end of this year, despite last week’s agreement by Tullow Oil to sell its stake in the venture to Total.

The unfolding oil market crisis, tax disputes with Ugandan authorities and local infrastructure limitations all present significant hurdles for the east African country’s first oil development to overcome, according to GlobalData’s upstream oil and gas analyst Conor Ward.

Last week, a deal was struck for UK-based Tullow to offload its interest in the Lake Albert project, including the proposed East African Crude Oil Pipeline (EACOP) to French major Total for $575m, subject to shareholder approval.

Ward said: “It is still expected that Uganda is unlikely to see first oil for a number of years as final FID has already seen multiple delays.

“A major step has been taken toward the settlement of disputes in Uganda, however as this agreement is only ‘in principle’ it could be some time before a full agreement is reached.

“With the current oil price environment and the Covid-19 outbreak, all project participants have reduced capital expenditure budgets, so it still remains highly unlikely that we see FID for these Ugandan projects this year.”


Lake Albert oil project in Uganda has been troubled by local infrastructure issues

Tullow Oil had been working in a partnership agreement with Total and China National Offshore Oil Corporation (CNOOC) to develop the Lake Albert project, which is estimated to be able to produce up to 260,000 barrels of oil per day (bpd) once fully operational from an expected total reserve of 1.7 billion barrels of oil.

But infrastructure limitations in Uganda have contributed to delays in getting the country’s maiden oil venture up and running – with the logistics of developing a near-1.5mk-long oil pipeline proving particularly problematic.

Ward added: “There were multiple delays to the associated multi-billion-dollar pipeline project — firstly due to disagreements with the construction route, and recently Total decided to suspend all works after termination of the farm-down agreement with Tullow.

“The country’s lack of infrastructure still poses as a significant hurdle — the necessity for a new-build 1,445km pipeline requires significant investment before production can commence.

“The pipeline is estimated to add around $3.5bn to the project. Total has said that it will look to drive down costs, which will be of utmost importance in the current economic climate as we estimate the break-even price to be more than $40 per barrel.”


Uganda sale brings welcome funds to struggling Tullow Oil

The $575m sale price – $75m of which is contingent on an FID being made – represents a significant discount to the $900m figure that was touted for a previously-agreed sale to Total, but which fell through last year following a protracted tax dispute with the Ugandan government.

Offloading its 33% share in the venture will alleviate some of the financial pressure on the Africa-focused oil producer, which has experienced a difficult time recently with a poor run of operational performances damaging both its balance sheet and investor confidence.

Tullow’s executive chairwoman Dorothy Thompson said: “This deal is important for Tullow and forms the first step of our programme of portfolio management. It represents an excellent start towards our previously-announced target of raising in excess of $1bn to strengthen the balance sheet and secure a more conservative capital structure.”

The firm’s financial struggles have been compounded by the onset of coronavirus this year, which has sent oil markets into meltdown with record-low levels of global demand and commodity prices in freefall.

Oil producers across the board have made deep capital spending cuts in a bid to weather the storm, with Tullow itself revising down its spending plans for the year by more than 30% to $300m.

Africa has been identified as a region likely to be heavily impacted by the financial prudence being exercised by oil companies, with many key projects dependent on a breakeven crude oil price of more than $45 per barrel – a far cry from the current value of benchmark commodity Brent crude, which is currently trading below $20 per barrel.

FID deferrals are expected to be widespread across the continent, with analysts forecasting up to $10bn in capital spending being wiped out across Africa’s upstream activities this year alone.

[waldron] 27/4/2020 17:16

Brent Crude Oil NYMEX 22.80 -8.10%
Gasoline NYMEX 0.69 -0.74%
Natural Gas NYMEX 1.85 -2.43%
WTI 12.32 USD -26.02%


FTSE 100
5,846.79 +1.64%
Dow Jones
24,077.1 +1.27%
CAC 40
4,505.26 +2.55%
SBF 120
3,551.45 +2.51%
Euro STOXX 50
2,882.09 +2.62%
DAX
10,659.99 +3.13%
Ftse Mib
17,324.88 +2.76%



Eni
8.404 +1.87%


Total
32.25 +1.22%



Engie
9.314 +0.74%



Bp
314 +1.75%

Vodafone
110.8 +1.35%

Royal Dutch Shell A
1,398.6 +1.41%



Royal Dutch Shell B
1,366.2 +1.32%

[waldron] 27/4/2020 16:12

French energy giant Total SA said Sunday that its unit in the Republic of Congo has been affected by the coronavirus, with 14 of its workers infected.

Total, with a daily oil output in the Congo Republic at 190,000 barrels--about 60% of the country's total production--said it is continuing drilling, but taking measures to curb the spread of the disease through systematic spraying of the company's site and isolating the infected persons in quarantine.

The announcement comes as the World Bank said the Central African nation has been given an aid package of $11.3 million to fight the virus.

Since the virus broke out in the Congo Republic in mid-March, the oil-dependent nation's government has announced 200 cases and eight deaths.



Write to Barcelona Editors at [e-mail]



(END) Dow Jones Newswires

April 27, 2020 10:56 ET (14:56 GMT)

[waldron] 24/4/2020 17:10

Brent Crude Oil NYMEX 21.47 +0.66%
Gasoline NYMEX 0.69 +0.82%
Natural Gas NYMEX 1.88 -3.49%
WTI 17.271 USD +0.27%

FTSE 100
5,752.23 -1.28%
Dow Jones
23,469.51 -0.19%
CAC 40
4,393.32 -1.30%
SBF 120
3,464.55 -1.22%
Euro STOXX 50
2,808.6 -1.80%
DAX
10,336.09 -1.69%
Ftse Mib
16,891.03 -0.71%


Eni
8.25 -2.62%


Total
31.86 -1.73%



Engie
9.246 +0.48%



Bp
308.6 -2.83%

Vodafone
109.32 +1.49%

Royal Dutch Shell A
1,379.2 -3.13%



Royal Dutch Shell B
1,348.4 -3.69%