|Bid||42.90 x 1100|
|Ask||43.20 x 25000|
|Day's range||51.13 - 52.04|
|52-week range||42.22 - 54.95|
|PE ratio (TTM)||15.34|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||2.56 (4.93%)|
|1y target est||67.53|
OPEC, which has lost Chinese market share to U.S. oil producers, should in theory view a tariff spat between Beijing and Washington as a boon. "In the long term, this will have a negative effect on the global economy even if, in the short term, it might be positive for other non-U.S. producers," Austrian oil company OMV (IOB: 0MKH.IL - news) 's chief executive Rainer Seele said on the sidelines of an OPEC seminar in Vienna.
Britain's biggest labour union is balloting rig workers at three of Total (LSE: 524773.L - news) 's North Sea oil platforms over a potential strike due to the company's refusal to reduce the number of unpaid working days, the union said on Wednesday. After the oil price crash in 2014, the workers agreed to work an extra 14 days unpaid to help the company during the downturn, Wullie Wallace, regional officer of Unite the Union said.
TOTAL (TOT) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
In June 2017, six analysts rated Total, and only one (or 17.0%) rated the stock as a “buy.” In June, only four analysts cover Total, of which two (or 50.0%) rated it as a “buy.” Although Total ranks fourth among the seven integrated energy stocks, the stock has quite low coverage compared to its peers. The implied gains in the stock have expanded due to a higher rise in Total’s mean target price (by 25.0%) compared to an increase in its stock price (by 21.0%) in the past year. This is higher than ExxonMobil (XOM) and Chevron (CVX) but lower than Royal Dutch Shell (RDS.A) and BP (BP).
French oil major Total (LSE: 524773.L - news) says it expects to start producing oil in Uganda in 2021 at the earliest, the second firm to suggest it will be unable to meet the 2020 target set by the East African country. Total, alongside China's CNOOC (HKSE: 0883-OL.HK - news) , are the majority owners and operators of Uganda's oilfields, while London-listed Tullow Oil (LSE: TLW.L - news) owns a small stake but has left operations to its two bigger partners. President Yoweri Museveni's government is targeting 2020 as as the start of oil production and is banking on a windfall to clear mounting public debt and lift sagging growth.
PARIS--(BUSINESSWIRE)-- In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on June 1, 2018 to trade on its shares and pursuant to applicable ...
PARIS--(BUSINESSWIRE)-- TOTAL: Statement in Compliance with the Article 223-16 of the General Regulation of the Financial Markets Authority (AMF - Autorité des marchés financiers) TOTAL S.A. (Paris:FP) ...
Sonatrach, Total (Paris:FP) (LSE:TTA) (NYSE:TOT), Repsol and Alnaft (the National Agency for the Valorisation of Hydrocarbon Resources), have signed a new concession contract for a period of 25 years to extend the exploitation of the Tin Fouyé Tabankort (TFT) gas and condensate field. This new contract1, which will become effective upon the approval by the relevant Algerian authorities, will give Total a 26.4% interest alongside Sonatrach (51%) and Repsol (22.6%). The partners will carry out the drilling and development investments required to develop additional reserves estimated at more than 250 million barrels of oil equivalent.
French farmers will start a blockade of oil refineries and fuel depots on Sunday evening in protest at plans by Total to use imported palm oil at a biofuel facility, a move that has fanned farmer discontent over unfair competition. At least five sites will be blocked on Sunday evening, with a total of 13 sites blocked from 9 am Monday, Christiane Lambert, president of the FNSEA farmers union told France Info television in an interview. The French authorities last month gave oil and gas major Total permission to use palm oil as one of the feedstocks at its La Mede biofuel refinery, in southern France, infuriating farmers who grow local oilseed crops like rapeseed and environmentalists who blame palm oil cultivation for deforestation in southeast Asia.
Farmers will start blockading French refineries and fuel depots of Total SA on Sunday, to protest the company’s decision to import palm oil for a biofuel refinery, Christiane Lambert, president of farmers’ union FNSEA, said in an interview on Franceinfo television. Total has invested 275 million euros ($324 million) to transform a refinery at La Mede, in southern France, into a plant that can make 500,000 tons of biodiesel per year. The company has said that no more than 50 percent of raw material used at the facility will be imported palm oil, and that all suppliers will be certified by the Roundtable on Sustainable Palm Oil.
PARIS--(BUSINESSWIRE)-- In accordance with the authorizations given by the combined ordinary and extraordinary shareholders’ general meetings on May 26, 2017 and on June 1, 2018 to trade on its shares ...
French oil giant Total SA has long had an appetite for politically risky deals. Now, it’s tapping resources in Russia and other tricky spots across the globe to become one of the world’s biggest natural gas suppliers. Total last month doubled down on Russia by buying a 10% stake in Russian gas producer PAO Novatek’s $26 billion Arctic LNG project.
Ben Lofthouse of Janus Henderson takes advantage of the timing of European companies’ dividend payouts.
PARIS—French auto maker Peugeot PSA said it was halting investments in Iran to comply with U.S. law after the Trump administration’s decision to withdraw from the Iranian nuclear accord. Peugeot’s move on Monday deals a major blow to Europe’s efforts to salvage the agreement by keeping European companies operating in Iran. With U.S. sanctions set to be reinstated in the coming months, companies located anywhere in the world risk huge fines from U.S. authorities if they continue to do business in the country.
From investing in solar panels to designing genetically engineered algae, the world's largest oil companies are serious about renewable energy.
International energy giant Total made a big bet on a different kind of energy. It's a big hint about the company's changing business model.
PARIS--(BUSINESSWIRE)-- The Annual Shareholders’ Meeting of Total S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) was held on June 1, 2018, under the chairmanship of Patrick Pouyanné. The Shareholders adopted all ...
The Annual Shareholders’ Meeting, held on June 1, 2018 under the chairmanship of Patrick Pouyanné, declared a dividend for 2017 of €2.48 per share, an increase of 1.2% compared to the 2016 dividend. In addition, the Annual Shareholders’ Meeting decided that shareholders will be given the option to receive payment of the 2017 final dividend in cash or in new shares of the Company, each choice being exclusive of the other. In line with the shareholder return policy announced on February 8, 2018, in order to avoid any dilution linked to the issuance of new shares, the Group will buy back during the quarter the newly issued shares with the intention to cancel them.
France's largest farmers' union called on Thursday for French oil refineries to be blocked in protest at a decision allowing Total to use imported palm oil at a new biofuel production site. The French authorities this month gave oil and gas major Total permission to use palm oil as a feedstock at its La Mede biofuel refinery, a move that prompted outcry from farmers and environmentalists. French farmers who grow local oilseed crops like rapeseed that are also used to make biodiesel see cheaper palm oil imports as unfair competition and contrary to the environmental goals of biofuels.
PARIS--(BUSINESSWIRE)-- In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on May 26, 2017 to trade on its shares and pursuant to applicable ...
Tullow Oil (LSE: TLW.L - news) hired Wood to design a pipeline needed to bring crude from Kenya's Lokichar onshore fields to Lamu on the Indian Ocean coast, Wood said on Wednesday. Kenya, which currently exports no crude, discovered commercial oil reserves in its Lokichar basin in 2012 and the 800-km (500-mile) pipeline is expected to be built before production is due to start in 2021/22. Tullow operates the Kenyan fields, while the other investors are Canada's Africa Oil (LSE: 0QVL.L - news) and France's Total (LSE: 524773.L - news) .
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production capacity of 40,000 barrels per day (b/d), sustaining Pazflor field production, on stream since 2011. Zinia 2 is the first of several possible short-cycle developments on Block 17 that will unlock its full potential by connecting satellite reservoirs to the existing floating storage, production and offloading (FPSO) units.
During an official visit to France by João Lourenço, the President of the Republic of Angola, Patrick Pouyanné, Chairman and CEO of Total (Paris:FP) (LSE:TTA) (NYSE:TOT), and Carlos Saturnino, Chairman of the Board of Directors of Sonangol, signed several agreements covering the Group’s upstream and downstream activities in Angola. A risk service agreement for the deepwater Block 48 exploration license, which Total will operate. Total and Sonangol are 50/50 partners in exploring Block 48 in Angola’s ultra-deep offshore.