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Friday, October 26, 2018

=Total S.A. (TOT) reported earnings on Fri 26 Oct 2018 (b/o)


Total S.A. reports Q3 results 
  • Co reports Q3 EPS of $1.47 versus $1.40 Capital iQ consensus; revs +27% YoY to $54.7 billion (no rev estimate).
  • Outlook "The Upstream is well positioned to profit from the increase in the oil price thanks to projected production growth on the order of 8% in 2018 and 6-7% per year between 2017 and 2020. It will benefit in the coming months from the start-ups of the third train at Yamal LNG in Russia, Egina in Nigeria and Tempa Rossa in Italy as well as the second train at Ichthys LNG in Australia."

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