Connexion
E-mail
Mot de passe
Retenir
Mot de passe oublié ?
Devenir membre gratuitement
Inscription
Inscription
Devenir membre
Inscription gratuite
Devenir client
Découvrez nos services
Paramètres
Paramètres
Cotations dynamiques 
OFFON

Accueil Zonebourse  >  Actions  >  Euronext Paris  >  Total S.A.    FP   FR0000120271

TOTAL S.A.

(FP)
  Rapport
SynthèseCotationsGraphiquesActualitésNotationsAgendaSociétéFinancesConsensusRévisionsDérivésFondsCommunauté 
SynthèseToute l'actualitéCommuniquésPublications officiellesActualités du secteurAnalyses ZonebourseRecommandations des analystes

Total Foresees $12 Billion Revenue Shortfall From Oil, Covid-19 Crisis

share with twitter share with LinkedIn share with facebook
29/05/2020 | 18:38

By Alice Dore



Total SA expects a revenue shortfall of at least $12 billion due to the global pandemic and oil crisis, Chief Executive Patrick Pouyanne said on Friday at the company's annual general meeting.

The coronavirus crisis has significantly changed the French oil-and-gas major's trading environment, Mr. Pouyanne said.

A drop in global energy demand linked to the economic fallout from the crisis has now been compounded by a supply crisis, brought on by the decision by a number of producer nations to increase their output despite lowered demand, he said.

This situation led to a dramatic drop in the price of hydrocarbons in March: "A barrel at $30 or $35 instead of $60 as we had anticipated for 2020 represents a revenue loss of $9 billion" this year, the executive said.

The crisis will also have a significant effect on the company's operational prospects for 2020, with the drop in activity leading to a $3 billion shortfall, Mr. Pouyanne said.

Total now expects production to be at around 2.95 million barrels a day, a decrease of about 5% compared to the previous forecast for 2020, Mr. Pouyanne said. The average utilization rate of Total's refineries will be around 70% this year, or 15% less than in 2019, he added.

In early May, the French oil-and-gas company stepped up a previously-announced action plan aimed at fortifying the company against falling oil prices.

"We believe we have we'll have to cover at least $12 billion... with our action plan," Mr. Pouyanne said on Friday.

Mr. Pouyanne sees the second quarter of 2020 as the worst point of the crisis brought on by the virus, he said. He warned results for the period won't be good, but said he expects to have better visibility from September or October.

 

This story was translated in whole or in part from a French-language version initially published by L'Agefi-Dow Jones.

 

Write to Alice Dore at adore@agefi.fr

-0- 

Valeurs citées dans l'article
Varia.DernierVar. 1janv
LONDON BRENT OIL 0.21%42.76 Cours en différé.-34.98%
TOTAL S.A. -0.59%34.64 Cours en temps réel.-29.59%
WTI 0.05%40.23 Cours en différé.-34.40%
share with twitter share with LinkedIn share with facebook
Réagir à cet article
Réagir le premier
Publier
loader
Toute l'actualité sur TOTAL S.A.
03/07TRANSITION ÉNERGÉTIQUE : 11 multinationales "unies" pour développer des projets
AW
03/07TOTAL : Coalition pour l'énergie de demain : 11 grandes entreprises internationa..
BU
03/07TOTAL : dans une coalition pour le développement durable
CF
02/07TOTAL SA : Credit Suisse réitère son opinion positive sur le titre
ZD
02/07Floride, vaccin et Fed au menu
02/07AVIS D'ANALYSTES DU JOUR : Total, Legrand, UniCredit, Bayer, Repsol, Fedex...
02/07Michel Kolly nommé directeur de l'unité Digital et Commerce d'Alpiq
AW
01/07TOTAL SA : Goldman Sachs toujours à l'achat
ZD
30/06L'Europe clôt dans le désordre un trimestre dominé par le rebond
RE
29/06TOTAL S.A. : Détachement de dividende (optionnel)
FA
Plus d'actualités
Recommandations des analystes sur TOTAL S.A.
Plus de recommandations
Données financières
CA 2020 130 Mrd - 115 Mrd
Résultat net 2020 1 474 M - 1 310 M
Dette nette 2020 40 916 M - 36 376 M
PER 2020 72,6x
Rendement 2020 7,72%
Capitalisation 101 Mrd 101 Mrd 89 579 M
VE / CA 2019
VE / CA 2020 1,09x
Nbr Employés 107 776
Flottant 91,5%
Graphique TOTAL S.A.
Durée : Période :
Total S.A. : Graphique analyse technique Total S.A. | FP | FR0000120271 | Zone bourse
Tendances analyse technique TOTAL S.A.
Court TermeMoyen TermeLong Terme
TendancesNeutreNeutreNeutre
Evolution du Compte de Résultat
Consensus
Vente
Achat
Recommandation moyenne ACHETER
Nombre d'Analystes 24
Objectif de cours Moyen 46,08 $
Dernier Cours de Cloture 38,96 $
Ecart / Objectif Haut 73,7%
Ecart / Objectif Moyen 18,3%
Ecart / Objectif Bas -38,7%
Révisions de BNA
Dirigeants
Nom Titre
Patrick Pouyanné Chairman & Chief Executive Officer
Jean-Pierre Gerard Claude Sbraire Chief Financial Officer
Marie-Noelle Semeria Group Chief Technology Officer & Senior VP
Patrick Artus Independent Director
Marie-Christine Coisne-Roquette Lead Independent Director
Secteur et Concurrence
Var. 1janvCapitalisation (M$)
TOTAL S.A.-29.59%100 721
SAUDI ARABIAN OIL COMPANY-6.67%1 753 078
ROYAL DUTCH SHELL PLC-44.11%123 935
PETROCHINA COMPANY LIMITED-30.95%108 632
GAZPROM-23.09%65 189
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-27.17%54 538