Total: 2019 ajusted net income down
(CercleFinance.com) - Hydrocarbon production reached 3,014,000 barrels of oil equivalent per day (kboe/d) in 2019, up 9% year-on-year.
Adjusted net operating income from sectors reached 3,879 million dollars in Q4 2019, stable y-o-y. "Lower Brent, natural gas prices and refining margins offset by the increase in production" the group said. FY 2019 operating income reached 14,554 million dollars, down 9% year-on-year.
Adjusted net attributable income reached 3,165 million dollars in Q4 2019, flat y-o-y, thanks to the stability of adjusted net operating income of sectors. It reached 11,828 million dollars over FY 2019, down 13% y-o-y.
The parent company Total S.A.'s earnings reached 7,039 million euros in 2019, against 5,485 million euros a year earlier.
The Group's net cash flow came in at 2,628 million dollars in Q4 2019 and was 8,983 million dollars over FY 2019, stable y-o-y.
"Organic production growth should be more than 2% in 2020, thanks to ramp-ups of projects started in 2019 and expected start-ups in 2020, notably Iara 2 in Brazil," Total said.
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Adjusted net operating income from sectors reached 3,879 million dollars in Q4 2019, stable y-o-y. "Lower Brent, natural gas prices and refining margins offset by the increase in production" the group said. FY 2019 operating income reached 14,554 million dollars, down 9% year-on-year.
Adjusted net attributable income reached 3,165 million dollars in Q4 2019, flat y-o-y, thanks to the stability of adjusted net operating income of sectors. It reached 11,828 million dollars over FY 2019, down 13% y-o-y.
The parent company Total S.A.'s earnings reached 7,039 million euros in 2019, against 5,485 million euros a year earlier.
The Group's net cash flow came in at 2,628 million dollars in Q4 2019 and was 8,983 million dollars over FY 2019, stable y-o-y.
"Organic production growth should be more than 2% in 2020, thanks to ramp-ups of projects started in 2019 and expected start-ups in 2020, notably Iara 2 in Brazil," Total said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.