Insight
Downstream oil in brief: Total looks to new energies in the face of decarbonisation
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Fuels marketing is a crucial component of Total's downstream segment. The company is aiming to generate upwards of US$2.5 billion of cash flow from operations from the business by 2022 - an increase of around US$100 million per year from today's levels. To achieve this, it will focus on expanding existing and capturing new business opportunities in large emerging markets as well as maximising non-fuel revenues through partnerships and innovation. Additionally, it will pursue alternative fuels in conjunction with its New Energies division. Given that this sector of the business is a stable source of income, the company remains committed to retaining and growing its integrated retail arm.
Table of contents
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Brent FCC margins strengthened on strong gasoline cracks and export demand to WAF - lower Brent price provided support
- Margins strengthen despite cooling summer driving season demand
Tables and charts
This report includes the following images and tables:
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NWE refining marginsNWE gasoline/gasoil crack spreadsMed refining margins
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Med gasoline/gasoil crack spreadsGross marketing margins August 2019Greece gasoline gross marketing marginsGreece diesel gross marketing marginsDenmark gasoline gross marketing marginsDenmark diesel gross marketing margins
What's included
This report contains:
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