Total: FY EPS above expectations
(CercleFinance.com) - Total has reported FY 2018 adjusted net income that is up 28% at 13.
6 billion dollars, or 5.05 dollars per share, while the consensus was expecting EPS of around fifty cents less.
Total said that these excellent results were boosted by over 8% growth
in hydrocarbon production, which reached a record level of 2.8 million
barrel of oil equivalent per day in 2018.
The Chairman and CEO of the French energy giant also highlighted cash
flow (DCAF) of 26 billion dollars, driven by growth in
exploration-production that is up 31%, and a solid balance sheet, with
gearing of 15.5% - below the group's target of 20%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6 billion dollars, or 5.05 dollars per share, while the consensus was expecting EPS of around fifty cents less.
Total said that these excellent results were boosted by over 8% growth
in hydrocarbon production, which reached a record level of 2.8 million
barrel of oil equivalent per day in 2018.
The Chairman and CEO of the French energy giant also highlighted cash
flow (DCAF) of 26 billion dollars, driven by growth in
exploration-production that is up 31%, and a solid balance sheet, with
gearing of 15.5% - below the group's target of 20%.
Copyright (c) 2019 CercleFinance.com. All rights reserved.