Downstream oil in brief: Total looks to new energies in the face of decarbonisation

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.