Commodity Channel Index
|Bid||37.76 x 900|
|Ask||37.77 x 900|
|Day's Range||37.35 - 37.90|
|52 Week Range||22.13 - 56.91|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||12.44|
|Forward Dividend & Yield||3.07 (8.27%)|
|Ex-Dividend Date||Jun 25, 2020|
|1y Target Est||N/A|
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.
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.
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 (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.
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.
In August 2019, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Occidental Petroleum entered into a Purchase and Sale Agreement (PSA) in order for Total to acquire Anadarko’s assets in Africa. Under this agreement, Total and Occidental have since completed the sale and purchase of the Mozambique and South Africa assets. The PSA provided that the sale of the Ghana assets was conditional upon the completion of the Algeria assets’ sale.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) strengthens its positions in generation and supply of electricity and gas in Spain through the acquisition of the Energías de Portugal’s portfolio of 2.5 million B2C customers and two gas-fired combined cycle power plants, which represent an electricity generation capacity of nearly 850 megawatts. This transaction in Spain follows Total’s entry into the country’s solar market in February with the acquisition of a portfolio of almost 2 gigawatts of renewable power projects to be developed. This deal serves Total’s ambition to achieve Carbon Neutrality by 2050 for its worldwide business across its production and energy products used by its customers, and to play a major role in the energy transition in Europe, Spain being among the first countries to have adopted an objective of Carbon Neutrality by 2050.
Equinor, Shell and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) have decided to invest in the Northern Lights project in Norway's first exploitation licence for CO₂ storage on the Norwegian Continental Shelf. Plans for development and operation have been handed over to the Ministry of Petroleum and Energy.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is stepping up its research into Carbon Capture, Utilization and Storage (CCUS) technologies by signing a multi-year partnership with UK start-up Cambridge Quantum Computing (CQC). This partnership aims to develop new quantum algorithms to improve materials for CO2 capture. Total’s ambition is to be a major player in CCUS and the Group currently invests up to 10% of its annual research and development effort in this area.
It reviewed the documents related to the May 29, 2020, Annual Shareholders’ Meeting, which will take place without the physical presence of shareholders, given the current state of health emergency in France. The documents prepared by the Company for this General Meeting will be available on the Company’s website as of May 6, 2020, pursuant to the regulations in force. The Board of Directors decided to amend the 3rd resolution related to the allocation of earnings and the declaration of dividend for the fiscal year ended December 31, 2019, set at 2.68 €/share by proposing to the shareholders an option to receive the final dividend of 0.68 €/share in shares.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) announces today its ambition to get to net-zero emissions by 2050 together with society for its global business across its production and energy products used by its customers. This ambition is supported by the strategy to develop Total as a broad-energy company, with oil and gas, low-carbon electricity and carbon-neutrality solutions as integrated parts of its business.
The Board of Directors met on May 4, 2020, and declared the distribution of the 2020 first interim dividend at €0.66/share, stable compared to the 2019 first interim dividend. Furthermore, the Board of Directors decided on February 5, 2020, to propose to the Shareholders’ Meeting on May 29, 2020, the distribution of a 2019 final dividend of €0.68/share. The Board of Directors of May 4, 2020, decided to offer the shareholders, subject to approval at the Shareholders’ Meeting on May 29, 2020, the option to receive the 2019 final dividend in cash or in new shares of the Company with a discount, each choice being exclusive of the other.
In accordance with its policy in favor of Employee Shareholding, TOTAL S.A. (Paris:FP) (LSE:TTA) (NYSE:TOT) (the "Company") is implementing its annual capital increase reserved for employees and former employees of the TOTAL group (the "Group"). Through this operation, TOTAL S.A. intends to continue involving its employees in the Group’s business and growth. Employee shareholders, within the meaning of Article L. 225-102 of the French Commercial Code, held 5.3% of the Company’s share capital as of December 31, 2019.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of $500M at closing and $75M when the partners take the Final Investment Decision to launch the project. In addition, conditional payments will be made to Tullow linked to production and oil price, which will be triggered when Brent prices are above $62/bbl.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT), through Total Quadran, a wholly-owned affiliate dedicated to developing and producing renewable energy in France, was awarded with 131 megawatt-peak (MWp) of solar projects – or 20% of the total up for the seventh round of the CRE 4 (French Energy Regulatory Commission) tender for ground-mounted solar parks, as well as 5.6 MWp of solar in the French Overseas departments and collectivities (ZNI1). Total’s future largest ground-mounted solar plant in France: the 50 MWp solar plant in Valenciennes is the largest project awarded in the call for tenders and Total Quadran’s biggest solar plant to date.
Given the declaration of the state of health emergency due to the epidemic of Covid-19, as well as in application of the provisions of Ordinance n° 2020-290 of March 23, 2020, the Combined Shareholders’ Meeting of the Company to be convened on Friday May 29, 2020 at 10:00 am, will be held at the Company's registered office, 2 Place Jean Millier - La Défense 6, 92400 Courbevoie without the physical presence of shareholders and other members and persons entitled to participate. The agenda for the Shareholders’ Meeting is unchanged. The shareholders are informed that Mses Patricia Barbizet and Marie-Christine Coisne-Roquette, shareholders of the Company, will act as scrutineers for the Shareholders’ Meeting.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) signed a pioneering agreement to charter its first two LNG-powered VLCCs (Very Large Crude Carrier). The two vessels, which are able to carry about 300,000 tons of crude oil each, will be delivered in 2022 and will join the time-chartered fleet of Total. The vessels have been designed with LNG propulsion to benefit from reduced Greenhouse Gas emissions and with the latest technologies to further lower their consumption.
In line with its strategy of actively managing its asset portfolio and its objective to divest 5 B$ on years 2019-2020, Total (Paris:FP) (LSE:TTA) (NYSE:TOT) is pursuing the divestments of several non-core assets in both Exploration-Production (Brunei) and Marketing & Services (Sierra Leone and Liberia). Following the approval of the competent authorities, Total has closed the sale to Shell1 of its wholly owned subsidiary Total E&P Deep Offshore Borneo BV, which holds an 86.95% interest in Block CA1. Total was the operator of the block, alongside partners Murphy Oil (8.05%) and Petronas (5%) and the production of this block was 5 kboe/d net to Total in 2019.
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Apache Corporation have made a second significant discovery with the Sapakara West-1 well on Block 58 offshore Suriname. The well was drilled by a water depth of about 1,000 meters and encountered 79 meters net pay of high-quality light oil and gas condensate, in multiple stacked and good quality reservoirs in Upper Cretaceous Campanian and Santonian formations.