Related Articles
Forward article link
Share PDF with colleagues

Total defies the odds

Succession of acquisitions and project ramp-ups help strengthen the company’s portfolio in a tough environment for the sector

Last year was an ordeal to test the finances of any commodity-focused energy producer—global prices stubbornly resisted all but the most short-term bullish triggers while grinding lower on fears of stuttering oil demand growth. Intensified tensions in the Middle East brought a double whammy of only the briefest price spikes while injecting volatility and investor uncertainty. But, while economic conditions were challenging, full-year financial results from Total show that not every international oil company (IOC) must necessarily suffer, if an individual firm is correctly positioned to cope with a rapidly changing industry and prolonged uncertainty. The French major recorded $28.5bn in fre

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Investors unfazed by Vietnamese challenges
29 November 2021
Foreign companies are enthusiastic about Vietnam’s LNG prospects, but risks persist
Deals booming in the Haynesville
29 November 2021
Strong global gas prospects and high-quality inventory are driving a big swing in M&A activity in the basin
Outlook 2022: Fossil fuels still have generation role to play
29 November 2021
Extreme price volatility as electricity systems adapt to greater intermittent renewable penetration serves as a reminder of the role legacy assets still have to play
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video