Total reported lower earnings in Q1 2019 despite very strong operational performance. Weaker oil prices and higher exploration expense offset a robust production growth of 9%, while higher financing costs had a direct impact on the company’s bottom line. Total guided full-year production growth of over 9% in 2019. Integrated Gas, Renewables and Power (iGRP) segment was the best performer in Q1 2019: LNG sales more than doubled in Q1 2019 year-on-year, resulting in a 23% increase in iGRP’s net income. Total achieved a pre-dividend cashflow breakeven (excluding acquisitions and divestments) of US$25/bbl in Q1 2019. Net debt increased 37% from the previous quarter, mainly due to the impact of the IFRS 16 reporting standard applicable from 1 January 2019. Consequently gearing went up to 19.8%, from 15.5% at end Q4 2018.