Insight
Strategy update: TotalEnergies' 2021 Strategy and Outlook
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TotalEnergies delivered a comprehensive strategy outlook. There was no big unveil. But the company stepped up the level of disclosure in what was a positive progress update. The differentiated dual growth strategy in LNG and renewable power is on track. Diversity – both geographically and across different technologies – is an important differentiator. Analysts also quizzed TotalEnergies on its capital allocation plans. The cash flow upside from spiking LNG prices was a hot topic. TotalEnergies was clear that its financial framework has to be sustainable at US$50/bbl. We take a look at the implications for buybacks and dividends.
Table of contents
-
Executive Summary
- Dual growth strategy on track
- Managing risk through diversity
- A sustainable financial framework
- Financial framework – when will dividend growth resume?
- Upstream: growth strategy confirmed
- Portfolio improvement is a core focus for the oil business
- The LNG growth engine: managing execution risk is key
- Renewable and Electricity: big ambitions
Tables and charts
This report includes the following images and tables:
- Combined hydrocarbon and low-carbon energy production (PJ/d)*
- TotalEnergies' surplus cash flow* generation under our high-case Brent scenario
- TotalEnergies' oil investment criteria
- TotalEnergies’ production from LNG assets
- TotalEnergies’ refining portfolio: 2019 NCM versus refining capacity
- Breakdown of nominal free cash flow by Upstream, Downstream and Wind/Solar*
What's included
This report contains:
Other reports you may be interested in
Insight
Uncertainties, risks, rewards and regional conflicts in the Middle East
Trade frictions and geopolitical tensions are reshaping upstream risk across the Middle East. Who’s best positioned to adapt?
$1,350
Asset Report
Montney key play
Detailed analysis of Montney production, well design, economics, operator strategy and subsurface.
$22,800
Asset Report
Albania other fields
This report provides reserve and production data for commercial fields in Albania that are not currently modelled in a detailed asset ...
$3,720
