New Total CEO will contend with slump in production, oil
Pouyanne will have to see through a round of cost cuts as lower oil prices and weak returns from refining eat into profit at France’s largest company by sales.
View ArticleTotal acts swiftly to replace CEO killed in crash
Barely 36 hours after de Margerie's death, Total's board chose its new leader at a board meeting Wednesday.
View ArticleTotal’s Pouyanne sticks to cost-cutting as profit falls
Patrick Pouyanne, who was named to succeed de Margerie last week, plans to “hit the road” to visit contacts in the oil industry and in several resource-rich countries
View ArticleWorld’s largest oil exporter said to seek $10 billion
The rapid decline in oil prices since June last year may encourage a wave of consolidation and acquisitions in the energy sector.
View ArticleCERAWeek Day Two: Rex Tillerson, Pemex, Total
Day Two of the annual conference will deal with issues in both the domestic and international oil and gas industries.
View ArticleCERAWeek Commentary: American oil CEOs avoid climate change talk, while Euro...
No fewer than three U.S. oil executives attending IHS Energy CERAWeek have said government regulations need to be based on science, not public sentiment. Yet not one of them talked about the scientific...
View ArticleTotal’s profit fell 20 percent in first quarter, despite surging production
CEO Patrick Pouyanne said Total is "demonstrating its resilience and profiting from its integrated model" in the face of a 50 percent drop in the average Brent crude oil price over the last year.
View ArticleEuropean Big Oil opens schism on climate with U.S. rivals
“It’s clear that the subject isn’t viewed in the same way on both sides of the Atlantic,” Total SA Chief Executive Officer Patrick Pouyanne, one of the signatories, said on Monday at a press conference...
View ArticleBig Oil’s plan to become Big Gas
With almost 200 nations set to hammer out a binding pact on carbon emissions in December, fossil-fuel companies led by Royal Dutch Shell Plc and Total SA say they’re refocusing on gas as a cleaner...
View ArticleTotal cuts oil output target
The measures, laid out by the French energy company on Wednesday before an investor day in London, signal that the belt-tightening among global oil producers to protect dividends will extend into 2017...
View ArticleTotal CEO says company will not cut jobs, will need workers “when the price...
Total announced in September that the company would reduce 2016 spending, down to between $20 billion and $21 billion from the $24 billion spent in 2015.
View ArticleTotal’s quarterly profit beats estimates on oil output, refining
The energy producer, based outside Paris, joins BP Plc and Royal Dutch Shell Plc in cutting operating costs and investments to protect its dividend as a plunge in crude prices dents earnings.
View ArticleOPEC needs to extend output cuts to ease glut, says Total CEO
OPEC and Russia will need to prolong their six-month deal to cut oil output if they plan to trim the global inventory glut that has kept a lid on prices, said Total SA Chief Executive Officer Patrick...
View ArticleCERAWeek Day Three: What to look for
CERAWeek by IHS Markit on Wednesday focuses on natural gas, globalization and emerging global markets for natural gas. The conference will take on push to retreat behind national borders in a panel,...
View ArticleTotal CEO: Many drillers still too weak to unleash new projects in 2017
Will global markets have enough oil by the end of the decade? That’s the surprising question that has emerged this week at the energy conference IHS CERAWeek. The leaders of OPEC and the International...
View ArticleU.S. oil drops more than 5 percent
U.S. crude prices fell more than 5 percent on Wednesday to its lowest point in more than two months amid a new report of surging crude inventories. The Energy Department said U.S. oil inventories...
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