Total Share Discussion Threads

[waldron] 12/2/2019 17:50

FTSE 100
7,133.14 +0.06%
Dow Jones
25,378.84 +1.30%
CAC 40
5,056.35 +0.84%

Brent Crude Oil NYMEX 62.73 +1.98%
Gasoline NYMEX 1.44 +1.21%
Natural Gas NYMEX 2.67 +1.21%

WTI (WTI)
- 12/02 18:36:34
53.44 USD +2.02%


Eni
14.756 +0.72%



Total
48.795 +0.15%


Engie
13.925 +0.14%

Orange
13.215 -0.68%


BP
545.2 +0.17%


Shell A
2,440 +0.54%


Shell B
2,474.5 +0.59%

[waldron] 11/2/2019 17:24

FTSE 100
7,129.11 +0.82%
Dow Jones
25,092.11 -0.06%
CAC 40
5,014.47 +1.06%

Brent Crude Oil NYMEX 61.46 -1.03%
Gasoline NYMEX 1.42 -1.95%
Natural Gas NYMEX 2.67 +3.41%

WTI (WTI)
- 11/02 18:11:09
51.77 USD -1.33%


Eni
14.65 +0.92%


Total
48.72 +0.60%

Engie
13.905 +1.20%

Orange
13.305 +0.26%



BP
544.3 +0.06%

Shell A
2,427 +0.54%

Shell B
2,460 +0.70%

[waldron] 11/2/2019 05:22

David Sheppard and David Keohane in London yesterday

Israel has attacked French energy major Total after its chief executive told the Financial Times that it was too “complex” a country to invest in.

Israel’s energy minister Yuval Steinitz, who was visiting London to drum up interest in the country’s next gas licensing round and discuss energy co-operation, said companies such as Total that refused to invest in Israel were living in “past decades” and were in hock to the “tyranny and dictatorship” of Tehran.

“I reject it with two hands, I think this is a miserable view,” Mr Steinitz told the Financial Times.

[grupo] 10/2/2019 04:32

Total: up, analyst confirms his advice
Cercle Finance • 08/02/2019 at 12:26

(CercleFinance.com) - The title wins more than 1% on the Paris Stock Exchange while UBS confirmed this morning its buying advice on the action of the 'major' French oil and gas, which published this week its annual accounts. Analysts highlight the dynamism of production. Still set at 62.5 euros, the goal at 12 months augurs a potential upside of the order of 30%.

Total was slightly better than expected (+ 2%) in the fourth quarter in terms of earnings in 2018 ($ 3.16 billion adjusted net income versus $ 2.98 billion expected), thanks to upstream and refining. Ditto for operating cash flow, which amounted to 10.6 billion in the quarter while UBS was only waiting for 8.1 billion.

UBS also highlights the strong increase in production over the period (+ 10%), to 2,876 million barrels of oil equivalent / day, an increase of 8% over 2018. In addition, Total expects a new its extractions increased by more than 9% in 2019, while UBS was aiming at 7.8%. The group also wants to buy more of its own shares than originally planned.

[waldron] 08/2/2019 17:18

FTSE 100
7,071.18 -0.32%
Dow Jones
24,951.9 -0.86%
CAC 40
4,961.64 -0.48%

Brent Crude Oil NYMEX 61.83 +0.32%
Gasoline NYMEX 1.43 +0.19%
Natural Gas NYMEX 2.58 +1.29%

WTI (WTI)
- 08/02 18:05:46
52.55 USD +0.17%


Eni
14.516 -0.12%



Total
48.43 +0.80%

Engie
13.74 -0.51%

Orange
13.27 -1.19%

BP
544 -0.60%


Shell A
2,414 -0.29%


Shell B
2,443 -0.35%

[grupo] 08/2/2019 15:29

08/02/2019 | 12:35
The title gained more than 1% on the Paris Stock Exchange while UBS confirmed this morning its buying advice on the action of the 'major' oil and gas French, which published this week its annual accounts. Analysts highlight the dynamism of production. Still set at 62.5 euros, the goal at 12 months augurs a potential upside of the order of 30%.

[waldron] 08/2/2019 10:41

0
08/02/2019 | 11:01
UBS confirms this morning its buying advice on the action of the French oil 'major' Total, which published this week its annual accounts. Analysts highlight the dynamism of production. Still set at 62.5 euros, the goal at 12 months augurs a potential upside of the order of 30%.

Total was slightly better than expected (+ 2%) in the fourth quarter in terms of earnings in 2018 ($ 3.16 billion adjusted net income versus $ 2.98 billion expected), thanks to upstream and refining. Ditto for operating cash flow, which amounted to 10.6 billion in the quarter while UBS was only waiting for 8.1 billion.

UBS also highlights the strong increase in production over the period (+ 10%), to 2,876 million barrels of oil equivalent / day, an increase of 8% over 2018. In addition, Total expects a new its extractions increased by more than 9% in 2019, while UBS was aiming at 7.8%. The group also wants to buy more of its own shares than originally planned.

[waldron] 08/2/2019 08:20

07/02/2019 | 5:02 p.m.

Alice Doré,

Agefi-Dow Jones

PARIS (Agefi-Dow Jones) - Total, which released its results on Thursday, exceeded expectations in the last quarter of 2018. But by refraining from discussing its outlook beyond 2020, the energy giant has left investors hungry.

Like its US competitors Chevron and Exxon and European BP and Shell, Total has withstood the sharp decline in the price of black gold at the end of the year. In November alone, a barrel of crude oil lost more than 20% of its value.

Fourth quarter performance - in which adjusted net income rose 10% - was welcomed by analysts. "Regularity is an important part of the investment case" on Total, noted Jason Gammel, an analyst at Jefferies.

The discipline of the group in its expenses and cost reductions is bearing fruit. As proof, the adjusted net profit for 2018 as a whole is higher than in 2013, the year preceding the collapse of oil prices. The price of a barrel had dropped from $ 100 to $ 30 in just 18 months.

In total, Total recorded a profit of $ 13.56 billion in 2018 on the basis of an average oil price of $ 71 per barrel, compared with $ 14.3 billion in 2013, but for an average price of black gold at $ 108.

In the short term, Total intends to continue its momentum and stick to its 2017-2020 plan, focused on improving its profitability. "We remain disciplined," Energy CEO Patrick Pouyanné told analysts in London on Thursday for presenting the group's annual results.

The strategy is well known and Total "does not try to surprise" investors, said the leader.

Total is a popular value: the stock is one of the most held in Europe, by a wide range of shareholder profiles, notes JPMorgan. In addition, 89% of analysts recommend buying it or "overweight" it in the portfolios, while 11% recommend keeping it.

However, analysts took advantage of the presentation of the results of Thursday to multiply the questions on the projections of the energy giant beyond 2020. Their questions focus mainly on investment spending, an indicator of its prospects .

But Patrick Pouyanné did not wish to give precise indications, referring to the strategic presentation that the group will organize as each year in September.

Since the beginning of the year, the title Total has risen 4.7% to 48.3 euros, taking advantage of the rise in crude prices. The analysts' price target is 58.7 euros, which gives it a potential for appreciation of 21%.

Due to the volatility of the market, it is difficult for Total to make promises beyond next year. The group will therefore pursue without hesitation its 2017-2020 plan not to disappoint investors, but also to dream.

-Alice Doré, Agefi-Dow Jones; [phone]; [e-mail] ed: ECH

Agefi-Dow Jones The financial newswire

[the grumpy old men] 07/2/2019 17:19

PARIS (Agefi-Dow Jones) - Total, which released its results on Thursday, exceeded expectations in the last quarter of 2018. But by refraining from discussing its outlook beyond 2020, the energy giant has left investors hungry.


Like its US competitors Chevron and Exxon and European BP and Shell, Total has withstood the sharp decline in the price of black gold at the end of the year. In November alone, a barrel of crude oil lost more than 20% of its value.


Fourth quarter performance - in which adjusted net income rose 10% - was welcomed by analysts. "Regularity is an important part of the investment case" on Total, noted Jason Gammel, an analyst at Jefferies.


The discipline of the group in its expenses and cost reductions is bearing fruit. As proof, the adjusted net profit for 2018 as a whole is higher than in 2013, the year preceding the collapse of oil prices. The price of a barrel had dropped from $ 100 to $ 30 in just 18 months.


In total, Total recorded a profit of $ 13.56 billion in 2018 on the basis of an average oil price of $ 71 per barrel, compared with $ 14.3 billion in 2013, but for an average price of black gold at $ 108.


In the short term, Total intends to continue its momentum and stick to its 2017-2020 plan, focused on improving its profitability. "We remain disciplined," Energy CEO Patrick Pouyanné told analysts in London on Thursday for presenting the group's annual results.


The strategy is well known and Total "does not try to surprise" investors, said the leader.


Total is a popular value: the stock is one of the most held in Europe, by a wide range of shareholder profiles, notes JPMorgan. In addition, 89% of analysts recommend buying it or "overweight" it in the portfolios, while 11% recommend keeping it.


However, analysts took advantage of the presentation of the results of Thursday to multiply the questions on the projections of the energy giant beyond 2020. Their questions focus mainly on investment spending, an indicator of its prospects .


But Patrick Pouyanné did not wish to give precise indications, referring to the strategic presentation that the group will organize as each year in September.


Since the beginning of the year, the title Total has risen 4.7% to 48.3 euros, taking advantage of the rise in crude prices. The analysts' price target is 58.7 euros, which gives it a potential for appreciation of 21%.


Due to the volatility of the market, it is difficult for Total to make promises beyond next year. The group will therefore pursue without hesitation its 2017-2020 plan not to disappoint investors, but also to dream.


-Alice Doré, Agefi-Dow Jones; [phone]; [e-mail] ed: ECH


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


February 07, 2019 11:01 ET (16:01 GMT)

[waldron] 07/2/2019 16:58

FTSE 100
7,093.58 -1.11%
Dow Jones
25,051.61 -1.33%
CAC 40
4,985.56 -1.84%


Brent Crude Oil NYMEX 61.23 -2.33%
Gasoline NYMEX 1.41 -3.54%
Natural Gas NYMEX 2.58 -2.97%


WTI - 07/02 17:44:45
52.2 USD -3.23%




Total
48.045 -1.51%

Engie
13.81 -1.11%

Orange
13.43 -1.00

Eni
14.534 -2.19%

BP
547.3 -1.21%


Shell A
2,421 -1.53%


Shell B
2,451.5 -1.51%

[ariane] 07/2/2019 14:30

Total pulls staff out of Venezuela after US sanctions

Date created : 07/02/2019 - 14:55
French oil and gas firm Total has evacuated its staff from Venezuela
French oil and gas firm Total has evacuated its staff from Venezuela French oil and gas firm Total has evacuated its staff from Venezuela AFP/File
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Paris (AFP)

French oil and gas firm Total has evacuated its staff from Venezuela where its accounts have been blocked due to US sanctions, the company's chief executive said Thursday.

"The accounts are blocked thanks to US decisions," CEO Patrick Pouyanne said during a presentation of Total's annual financial results.
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"The other practical problem is that, given the sanctions, we should no longer manage Venezuela from the United States... but from Europe," he added.

Total had previously managed its Venezuela operations from the United States.

"We decided to evacuate all of our personnel from Venezuela given what has happened... since last Monday," said Pouyanne.

The US imposed sanctions on Venezuela's state oil company PDVSA on Monday last week in an effort to ramp up pressure on the country's President Nicolas Maduro.

Pouyanne said Total would "of course" respect the US sanctions and its operations in Venezuela would put into "hibernation mode".

Total's website said it had about 50 staff in Venezuela, where the company is involved in exploration plus production of crude oil and natural gas.

Pouyanne played down the importance of Venezuela for Total, saying it was worth just 50,000 of the three million barrels it produces every day.

Total had earlier announced its net profit climbed 33 percent to $11.4 billion in 2018 thanks to a rise in oil prices and production.

[ariane] 07/2/2019 13:32

Summary and outlook



Since the start of 2019, Brent has traded around $60/b in a context of oil supply and demand near the record-high level of 100 Mb/d. In a volatile environment, the Group is pursuing its strategy for integrated growth along the oil, gas and low-carbon electricity chains.



The Group has clear visibility on its 2019 cash flow, supported by the strong contribution of project start-ups in 2018 and recent acquisitions.



The Group maintains financial discipline to reduce its breakeven to remain profitable across a broader range of environments. In particular, it is targeting cost reductions of $4.7 billion, projected net investments of $15-16 billion in 2019 and an Opex target of 5.5 $/boe.



In Exploration & Production, production is expected to grow by more than 9% in 2019, thanks to the ramp-ups of Kaombo North, Egina and Ichthys plus the start-ups of Iara 1 in Brazil, Kaombo South in Angola, Culzean in the UK and Johan Sverdrup in Norway. Determined to take advantage of the favorable cost environment, the Group plans to launch projects in 2019, notably including Mero 2 in Brazil, Tilenga and Kingfisher in Uganda and Arctic LNG 2 in Russia.



The Group is pursuing its strategy for profitable growth along the integrated gas and low-carbon electricity chains. Effective 2019, the Group will report the new iGRP segment (integrated Gas, Renewables & Power) which combines the Gas, Renewables & Power segment with the upstream gas and LNG activities currently reported within the Exploration & Production segment.



Affected by an abundance of available products, European refining margins have been very volatile since the start of the year. In 2019, the Downstream will continue to rely on its diversified portfolio, notably its integrated Refining & Chemical platforms in the U.S. and Asia-Middle East as well as its non-cyclical Marketing & Services segment.



In this context, the Group is continuing to implement its shareholder return policy announced in February 2018, by increasing the dividend in 2019 by 3.1%, in line with the objective to increase the dividend by 10% over the 2018-20 period. Taking into account its strong financial position, the Group will eliminate the scrip dividend option from June 2019. Within the framework of its program to buy back $5 billion of shares over the 2018-20 period, the Group expects to buy back $1.5 billion of its shares in 2019 in a 60 $/b Brent environment.



* * * * *



To listen to the presentation in English by CEO Patrick Pouyanne and CFO Patrick de La Chevardière today at 10:00 (London time) please log on to total.comor call [phone] in Europe or [phone] in the United States (code: 7198797). For a replay, please consult the website or call [phone] in Europe or [phone] in the United States (code: 7198797).

[ariane] 07/2/2019 13:31

Total's landmark find could be enough to supply SA refineries for 4 years
10 minutes ago Paul Burkhardt, Bloomberg

An oil pumpjack
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South Africa’s first deep-water discovery, reported Thursday by French oil major Total SA, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels.

The Brulpadda find, estimated at about 1 billion barrels by Total Chief Executive Officer Patrick Pouyanne, could be enough to supply South Africa’s refineries for almost four years.

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That’s a boon for a country that has always been short of oil and is running out of its scant domestic supply of gas.

“It is really transformational,217;’ Andrew Latham, vice president of global exploration at consultant Wood MacKenzie, said Thursday. “This could be a discovery that kickstarts a bit of a gas strategy for South Africa.’’;

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The field of primarily gas-condensate - a light liquid hydrocarbon - was discovered about 175 kilometers (109 miles) off the country’s southern coast in the Outeniqua Basin.

The area, where Exxon Mobil and Eni SpA also hold stakes, may now draw further interest, especially since South Africa is due to introduce new legislation later this year aimed at spurring exploration.

The find “is potentially a major boost for the economy,” Minerals Minister Gwede Mantashe said. “We welcome it as we continue to seek investment.”

‘Catalytic Find’

President Cyril Ramaphosa is seeking to lure $100 billion of investments by 2023 to revive a struggling economy. The country’s energy supply is largely based on coal, while state power utility Eskom also runs turbines on costly diesel fuel. A failed exploration campaign in shallow waters has meant a gas-to-liquids refinery at Mossel Bay runs well below capacity.

Total’s discovery is a “catalytic find” for the country, said Niall Kramer, chief executive officer of the South African Oil & Gas Alliance, an industry lobby group. “There’s nothing that has been on this kind of scale.”

The resource could be about three times the size of all South Africa’s gas finds to date, according to WoodMac’s Latham.

Total, the operator of the license, now plans to acquire 3D seismic data before drilling as many as four more exploration wells there. But it cautions that the operating environment offshore is tough.

“The region is quite difficult to operate,” Pouyanne said on a conference call. “Huge waves, the weather isn’t very easy.”

Africa as a whole has seen an increase in drilling, with oil and gas rigs around the continent topping 100 in recent months, according to Baker Hughes data. The count was as low as 77 in 2017.

Total has a 45% working interest in Block 11b/12B, Qatar Petroleum holds 25%, CNR International 20% and Main Street, a South African consortium, 10%.

[ariane] 07/2/2019 12:45

7/02/2019 | 1:03 p.m.

PARIS (Agefi-Dow Jones) - Total said Thursday that its oil exploration budget amounted to 1.2 billion euros for the year 2019.
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inRead invented by Teads

"We think it's a good level of effort," said CEO Patrick Pouyanné, when presenting the 2018 results to analysts. He said the group plans to drill 25 wells this year, including off Africa, Guyana and the Gulf of Mexico.

Total announced earlier on Thursday a "significant" gas-condensate discovery on the Brulpadda fields, located on Block 11B / 12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. South. After the discoveries made last year off the UK and in the Gulf of Mexico, "we may be entering a virtuous circle," commented Patrick Pouyanné.

-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [e-mail] ed: ACD

Agefi-Dow Jones The financial newswire