|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||34.24 - 34.96|
|52-week range||21.12 - 50.93|
|Beta (5Y monthly)||0.67|
|PE ratio (TTM)||11.41|
|Earnings date||30 Jul 2020|
|Forward dividend & yield||2.64 (7.58%)|
|Ex-dividend date||25 Sep 2020|
|1y target est||68.27|
AWS, Carrefour Group, CMA CGM Group, Cluster Maritime Français, Crédit Agricole Corporate and Investment Bank, Engie, Faurecia, Michelin, Schneider Electric, Total and Wärtsilä have formed an international coalition. Nine concrete projects for developing energy solutions to accelerate the energy transition in transport and logistics.
The long struggling shale pioneer Chesapeake Energy (CHK) filed for Chapter 11 bankruptcy protection, while Italy's Eni SpA (E) acquired three wind farm projects.
TOTAL (TOT) expands its partnership with Sonatrach to supply liquefied natural gas in the French market. This move is in line with the company's motive to boost its LNG portfolio globally.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and its partners announce the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), located in the deepwater Santos Basin pre-salt offshore Brazil. With a productive capacity of 150,000 barrels of oil per day, this new unit double the overall production capacity of the Iara cluster – initiated in November 2019 on the Berbigão field with the FPSO P-68 – and will produce the reserve of the Atapu field. "The ramp-up of Iara's production reflects Total's growth strategy in the Brazilian deep offshore, where the Group focuses on giant projects that produce barrels of oil at competitive cost, resilient in the face of oil price volatility," said Arnaud Breuillac, President Exploration & Production at Total.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG). This agreement notably allows to extend the existing supply contracts for 3 additional years in order to provide 2 million tons per year of Algerian LNG to the French market, primarily through an LNG terminal at Fos Cavaou. The agreement also includes the sub-charter of an LNG tanker of Total by Sonatrach.
(Bloomberg) -- European companies from Total SA to Solvay SA are pursuing divestments of chemical businesses, in one of the first tentative signs that mergers and acquisitions are starting to return in the region.Total is considering a sale of its Cray Valley chemical-additives unit, which could fetch about $300 million to $500 million, according to people with knowledge of the matter. The French energy company has been speaking with potential advisers about a divestment, the people said, asking not to be identified because the information is private.Arkema SA has separately started gauging interest in its plexiglass business, which could fetch about 1 billion euros ($1.1 billion) for the French chemical producer, people familiar with the matter said. The company has sent potential bidders so-called teaser documents with an overview of the Altuglas International division, according to the people.Companies have been seeking to offload peripheral businesses in a bid to boost returns and fend off criticism from activist investors. Carveouts by European companies hit a record last year and could rise further in 2020 as firms seek to weather the after-effects of the coronavirus pandemic, a top Credit Suisse Group AG dealmaker said last week.Streamlining OperationsSome chemical producers have been able to ride through the crisis relatively unscathed, particularly those making products like cleaning solvents and protective sheets which are seeing increased sales. A gauge of European chemical companies has risen 1.8% over the past 12 months, bucking the 5.4% decline in the Stoxx Europe 600 Index. Solvay SA is also exploring a sale of two units as Chief Executive Officer Ilham Kadri pushes ahead with efforts to streamline the Belgian chemical maker, people with knowledge of the matter said. The potential divestments include a unit that works with the compound strontium carbonate, which could fetch around 150 million euros, and another making chemicals used in shampoo and dishwashing products, the people said.The volume of dealmaking globally has fallen 47% this year to $991 billion, according to data compiled by Bloomberg. Some shelved deal processes have been revived in recent weeks, with Bridgepoint preparing to restart a bidding process for Iberian agrochemical business Rovensa, Bloomberg News reported this month.Sasol SaleArkema’s Altuglas sale is attracting initial interest from private equity firms including Advent International, Rhone, SK Capital Partners and Triton Partners, the people said. The business produces polymethyl methacrylate-based plastics, which are used in car parts like headlights as well as building materials. Colombes, France-based Arkema hasn’t decided when to seek first-round bids and could wait until after summer to formally solicit offers, one of the people said.Beyond Europe, Sasol Ltd. is attracting interest in a large stake it’s selling in the Lake Charles chemical complex in the U.S. The South African company has received offers from Ineos Group Ltd., Chevron Phillips Chemical Co. and LyondellBasell Industries NV for the holding, which could fetch more than $2 billion, people familiar with the matter said earlier this month.All the companies’ deliberations are at an early stage, and there’s no certainty the suitors will submit bids, the people said.Representatives for Total, Arkema, Advent, Rhone, SK and Triton declined to comment. A spokesman for Solvay said the chemical group has a clear plan to unlock value and regularly receives approaches, particularly after last year’s strategy update. He declined to comment further. A spokesman for Sasol said the firm’s asset disposal process had yielded “good interest from strong contenders.”(Updates with index performance in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Total Sa (EPA:FP) share price has risen by 8.45% over the past month and it’s currently trading at 35.745. For investors considering whether to buy, hold o...
BP plc (BP) said it would cut 10,000 jobs in response to crashing oil prices, while TOTAL S.A. (TOT) agreed to purchase a 51% stake in the Seagreen 1 offshore wind farm project in Scottish waters.
The world’s biggest oil companies are scrambling to make new discoveries in a race to increase their reserves, and they could be about to find it in one of the most underexplored basins in the world
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has joined the Getting to Zero Coalition to support the maritime industry's decarbonisation by collaborating with companies across the maritime, energy, infrastructure and finance sectors. The Getting to Zero Coalition’s ambition is to help achieve the target set by the International Maritime Organisation to reduce Greenhouse Gases emissions from shipping by at least 50% by 2050 - compared to 2008 levels. To that extent, the Coalition is aiming, through its members, at getting commercially viable deep-sea zero-emission vessels powered by zero-emission fuels into operation by 2030.
TOTAL (TOT) decides to further expand the clean power generation capacity through the acquisition of a 51% interest in the Seagreen 1 offshore wind farm project from SSE Renewables.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1 offshore wind farm project for an upfront payment at closing of 70m£ and earn-outs up to 60m£ in aggregate subject to performance conditions. Located 27 kilometers from the coastline in Scottish waters of UK North Sea, Seagreen 1 has secured all necessary major permits and onshore construction began in Q1 2020. Designed to cover the energy needs of around 1 million homes, the project will start producing renewable electricity from end of 2022.
The Combined Shareholders’ Meeting of Total S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) was held as a closed session at the Company’s registered office, on May 29, 2020, under the chairmanship of Mr. Patrick Pouyanné. The resolution proposed by a group of shareholders and that the Board of Directors recommended not to approve, has been rejected by a vast majority (83.2%) of shareholders.
The Shareholders’ Meeting of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT), held today at its registered office under the chairmanship of Mr Patrick Pouyanné, declared a dividend of €2.68 per share for the financial year 2019. Given the first two interim dividends of €0.66 per share and the third interim dividend of €0.68 per share paid respectively on October 1st, 2019, January 8, 2020 and on April 1st, 2020, the remaining final 2019 dividend to be paid amounts to €0.68 per share. The Shareholders’ Meeting also decided that shareholders will be given the option to receive payment of this final dividend in cash or in new shares of the Company, each choice being exclusive of the other.
In accordance with its policy in favour of employee shareholding, the Board of Directors of TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) decided, on September 18, 2019, to carry out a capital increase reserved for eligible employees and former employees of the Group worldwide under the conditions set by the eighteenth resolution at the Shareholders’ Meeting of June 1, 2018. On April 29, 2020, the Chairman and CEO decided to set (i) the subscription period from May 6 to May 18, 2020 (included) and (ii) the subscription price at 26.20 euros per share, corresponding to the average of the closing prices of the TOTAL share on Euronext Paris over the twenty trading sessions preceding the date of this decision, reduced by a 20% discount and rounded off to the highest tenth of a euro. « This year again and in spite of the health and economic crisis, Total’s employees have confirmed their attachment to the Group, first by supporting in a vast majority maintaining the operation of Capital increase reserved for employees, then by subscribing massively to it.
B&G Foods, Boot Barn, Royal Dutch Shell, TOTAL and BP highlighted as Zacks Bull and Bear of the Day
Gaussin and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) are jointly developing the world's first full electric ART® (Aircraft Refueller Transporter). This partnership between Gaussin and Total will be drawing on the 40 years of know-how of Saft (a subsidiary of Total) in designing and producing batteries for electric & hybrid commercial and industrial vehicles. This first firm order will enable Gaussin to expand its offering on the electric vehicles market and Total to provide a solution adapted to the refueling business.
Total today confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced1 in July 2019. Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of the deal to respond to the current environment – while Petrogas is no longer part of the transaction.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has signed an agreement with PureCycle Technologies to develop a strategic partnership in plastic recycling. As part of the agreement, Total undertakes to purchase part of the output of PureCycle Technologies’ future facility in the United States and to assess the interest of developing a new plant together in Europe. PureCycle Technologies uses an innovative, patented technology to separate color, odor and any other contaminants from plastic waste feedstock to transform it into virgin-like recycled polypropylene.