Company report
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17 Pages

Total refining and oil products summary

Total refining and oil products summary

Report summary

Although Total's overall strategy remains upstream-driven, its downstream operations generated very strong results in 2015. Following a period of intensive capital expenditure, Total will cut down investments over the next few years and focus on cash flow generation. Upstream production volumes grew by over 9% in 2015 to support a targeted annual average growth rate of 5% over the 2014 to 2019 period. A US$10 billion divestment programme is in place, covering all sectors, which will see Total continue to shed non-core assets and focus on reducing costs and improving market share where it has competitive advantage. To this end, in 2015 the company sold its fuels marketing business in Turkey and its minority stake in the Schwedt refinery. 

What's included?

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  • Total refining and oil products summary PDF - 845.20 KB 17 Pages, 4 Tables, 7 Figures


The energy industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation all impact the production process.

This Refining and Oil Products Company report provides an overview of company strategy, the competitive position of fuels marketing and its profitability in Europe. You'll also find a detailed analysis of company strengths, weaknesses, opportunities and potential threats.

Focusing on competitive benchmarking, this company report gives both new entrants and existing players an in-depth view of this company within the European fuels marketing sector. Use this to identify investment needs and acquisition opportunities, and strengthen business strategies.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information. Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Executive summary
    • SWOT analysis
    • Upstream to drive cash flow growth, while striving for aggressive renewables targets
    • Developing integrated ‘refining and petrochemical complexes'
    • Next stage of European refinery rationalisation has been announced
    • Exit from Turkey contrasts Total's fuels marketing focus on high-growth areas
  • Financials
  • Portfolio summary
    • European refining and marketing operations
    • Refining
    • Marketing
  • Refining and oil products
    • Supply/demand
    • Implications and outlook
  • Mergers and acquisitions
    • Total
    • Fina
    • Elf

In this report there are 11 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Financials
    • Adjusted net operating income
    • Capital expenditure
  • Portfolio summary
    • Portfolio summary: Image 1
    • Refinery capacity by country (end year)
    • Service stations by country (end year)
  • Refining and oil products
    • Total company position
    • Refining and oil products: Table 1
    • Supply area A - France / Switzerland
  • Mergers and acquisitions
    • Recent European acquisition/divestment
    • Mergers and acquisitions: Table 2
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