Total: unveils strategy and outlook
(CercleFinance.com) - Today, Patrick Pouyanné, Total's Chairman and CEO and Patrick de La Chevardière, its Chief Financial Officer, present the Group's strategy and outlook to the financial community in New York.
Total has confirmed its main targets for the next few years. The group expects an exceptional rise in production, averaging 6 to 7% p.a., over the period 2017-2020.
It targets net investments of 15 billion to 17 billion dollars over the same period. The group also expects to reduce its operating costs by 5 billion dollars per year through to 2020 (base: 2014), up from savings of 3.7 billion dollars in 2017.
The Group has a clear vision of its cash flow growth through to 2020, stimulated by project start-ups and its recent acquisitions. At 60 dollars per barrel of Brent, cash flow is expected to grow by 7 billion dollars over 2017-2020, with return on equity expected to reach 12%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Total has confirmed its main targets for the next few years. The group expects an exceptional rise in production, averaging 6 to 7% p.a., over the period 2017-2020.
It targets net investments of 15 billion to 17 billion dollars over the same period. The group also expects to reduce its operating costs by 5 billion dollars per year through to 2020 (base: 2014), up from savings of 3.7 billion dollars in 2017.
The Group has a clear vision of its cash flow growth through to 2020, stimulated by project start-ups and its recent acquisitions. At 60 dollars per barrel of Brent, cash flow is expected to grow by 7 billion dollars over 2017-2020, with return on equity expected to reach 12%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.