Total is a global oil and gas group with a presence in chemicals.
Share capital 30/09/2016
Market value of investment 30/09/2016
Voting rights 30/09/2016
Representatives in statutory bodies 30/09/2016
Total is one of the leading global oil and gas groups. The company operates in more than 130 countries and covers every oil industry segment, from Upstream to Downstream. Total is also a major player in chemicals and is committed to the development of renewable energies.
GBL and Total
As PetroFina’s reference shareholder until its merger with Total in 1998, GBL actively participated in the consolidation of the oil sector by supporting the merger between Total and Elf in 2000. During the 2015 financial year GBL supported the strong measures taken by Total in response to the new oil price environment.
Half-year results 2016
- The environment was characterised by a 31% drop in the price of Brent and reﬁning margins, while the dollar remained stable compared to the euro
- In this context, the adjusted net operating income of the segments fell by 28% to USD 4.4 billion: substantial fall in Upstream (- 44% despite a 4% increase in production), as well as in the Reﬁning-Chemicals (- 12%) and Marketing Services (- 16%) arms. Adjusted net income (group’s share) and net proﬁt per share fell by 34% and 36% respectively. ROACE shrank to 7.5%
- Net debt increased in the half year, leading to a gearing of 30.0%
Outlook for 2016
Total will continue with the implementation of its portfolio optimisation and cost-reduction strategy. In the Upstream segment, start-ups of facilities should enable a 4% production increase in 2016. In the Downstream segment, the reﬁning margins seen at the beginning of the third quarter of 2016 are decreasing, while they remain solid in petrochemicals.
|Board of Directors (2/12*)||Remuneration Committee (1/3*)||Audit Committee (1/3*)|