Financial Data and Key Metrics Changes - The company faced a weaker environment in 2019, with average oil prices down by approximately 20%, gas prices down by about 10%, and refining margins down by around 40% [15][66] - Despite this, the company demonstrated resilience, with net adjusted results down by only 14% and cash flow increasing by $2 billion to over $26 billion, marking an 8% increase [15][66] - Adjusted net income was reported at $11.8 billion, with a return on equity of 10.4%, the highest among peers [71][94] Business Line Data and Key Metrics Changes - Upstream generated $18 billion in cash flow, up 1% year-over-year, while iGRP saw an impressive 8% growth to $3.7 billion, driven by a 60% increase in LNG sales [67][68] - Downstream maintained stable cash flow at $6.6 billion despite a 10% decrease in refinery margins [68][82] - Refining & Chemicals net operating result was $3.0 billion, reflecting lower margins, while Marketing & Services contributed $1.7 billion [74][82] Market Data and Key Metrics Changes - Oil demand grew by 1 million barrels per day in 2019, slightly below the three-year average of 1.5 million barrels per day [41][42] - LNG market growth accelerated to 13% in 2019, driven by lower prices and favorable local climate policies [52][54] - European gas demand for power generation saw significant growth, with a notable increase in gas power plant load factors due to cheaper LNG [59][60] Company Strategy and Development Direction - The company focuses on operational excellence and cost control as key pillars of its strategy, aiming to deliver the most from its assets [17][20] - The strategy includes being countercyclical, taking advantage of market opportunities, and enhancing LNG production capabilities [20][22] - The company aims to reduce its breakeven point below $25 per barrel and has set ambitious targets for greenhouse gas emissions reduction [70][98] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by a weaker commodity price environment but emphasized the company's ability to maintain cash flow and operational performance [63][66] - The outlook for 2020 includes cautious optimism regarding demand growth, despite uncertainties related to the virus outbreak in China [44][45] - The company remains committed to its strategic goals, including production growth and cost discipline, with expectations of 2% to 4% production growth in 2020 [103] Other Important Information - The company reported a total recordable injury rate of 0.8, indicating ongoing improvements in safety, although four fatalities were noted, prompting a renewed focus on zero fatal accidents [26][28] - The company achieved significant cost savings of $4.7 billion in 2019 and targets an additional $5 billion in 2020 [75][90] - The company maintains a strong balance sheet with a gearing ratio of 20.7%, aiming to keep it below 20% [86][87] Q&A Session Summary Question: How does the company plan to manage the impact of the virus outbreak in China on demand? - Management indicated that while there is immediate demand disruption, it is too early to quantify the long-term impact, and they are cautious not to overreact [45] Question: What are the expectations for LNG production growth in 2020? - The company expects LNG production to continue growing, supported by new field startups and a strong market demand [102][103] Question: How is the company addressing safety concerns following recent incidents? - Management emphasized the importance of safety as a core value and is implementing measures to ensure zero fatal accidents, including working closely with contractors [28][10]

Results and Outlook February 2020 Safety, Total's core value Cornerstone of operational efficiency & sustainability Total Recordable Injury Rate for Total and peers* Per million man-hours 1 2 | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | 0.8 | | | | | | | Staff | | | | 5 | 2014 2019 Deploring 4 fatalities in 2019 * Group TRIR excl. Specialty Chemicals Peers: BP, Chevron, ExxonMobil, Shell 2019 average age of ...

TOTAL S.A. (TOT) Q3 2019 Earnings Conference Call October 30, 2019 9:00 AM ET Company Participants Jean-Pierre Sbraire - Chief Financial Officer Conference Call Participants Lydia Rainforth - Barclays Biraj Borkhataria - RBC Oswald Clint - Bernstein Thomas Adolff - Credit Suisse Irene Himona - Société Générale Jon Rigby - UBS Jason Gammel - Jefferies Lucas Herrmann - Exane Christopher Kuplent - Bank of America Bertrand Hodee - Kepler Cheuvreux Henry Tarr - Berenberg Michele Della Vigna - Goldman Sachs Chris ...

TOTAL S.A. (TOT) Q2 2019 Earnings Conference Call July 25, 2019 8:00 AM ET Company Participants Patrick Pouyanné - Chairman and Chief Executive Officer Patrick de La Chevardière - Chief Financial Officer Jean-Pierre Gerard Claude Sbraire - Deputy Chief Financial Officer Conference Call Participants Irene Himona - Société Générale SA Oswald Clint - Sanford C. Bernstein Thomas Adolff - Credit Suisse Group AG Lydia Rainforth - Barclays Plc Christyan Malek - JPMorgan Chase & Co. Alastair Syme - Citigroup Michel ...

Total S.A. (TOT) Q1 2019 Earnings Conference Call April 26, 2019 8:00 AM ET Company Participants Patrick de La Chevardière - Chief Financial Officer Conference Call Participants Alastair Syme - Citi Oswald Clint - Bernstein Biraj Borkhataria - RBC Thomas Adolff - Crédit Suisse Jon Rigby - UBS Lydia Rainforth - Barclays Irene Himona - Societe Generale Christopher Kuplent - Bank of America Lucas Herrmann - Deutsche Bank Jason Gabelman - Cowen Operator Good afternoon, ladies and gentlemen. Thank you for standi ...

20-F 1 total-form20f.htm FORM 20-F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ OR SHELL CO ...

Total S.A. (TOT) Q4 2018 Earnings Conference Call February 7, 2019 9:00 AM ET Company Participants Patrick Pouyanne – Chairman and Chief Executive Officer Patrick de La Chevardière – Chief Financial Officer Brendan Warn – Senior Vice President, Investor Relations Philippe Sauquet – President of Gas, Renewables & Power and President of Strategy-Innovation Arnaud Breuillac – President of Exploration & Production Conference Call Participants Oswald Clint – Bernstein Michele Della Vigna – Goldman Sachs Thomas A ...