Strategy & Outlook Patrick Pouyann Chief Executive Officer September 2015
Safety, our first priority Cornerstone of operational excellence Total Recordable Injury Rate Per million man-hours for Total and peers* Global HSE and security management system 3 Accountability throughout the -12%/y…
Competitive performance across business cycles Demonstrating robustness of integrated business model Adjusted net income % change 1H15 vs 1H14 for Total and peers* Brent -47% 0% Upstream resilience Growing oil & gas production…
Strong discipline on organic Capex Controlling capital employed Organic Capex and DD&A B 28 B 23-24 26 B B 25 20-21 25 B 17-19 DD&A B 10 10 2013 2014 2015 2016 2017 2018 2019 2017+ 2015 Strategy & Outlook 4
Strong discipline on Opex Cost reduction plan increased by 50% 2015 Opex reduction 2015-17 Opex reduction Contribution to operating results - B Contribution to operating results - B 1.2 B 3 B* Corporate 66% achieved +50% 0.8…
Strong production growth to 2019 Benefiting from low decline rate Production Mboe/d 5% 3 per year 6-7% 2014-19 per year 2014-17 2.15 1 2014 2015 2017 2019 2014 99 /b, 2015-19 60 /b 2015 Strategy & Outlook 6
Delivering major projects Starting up 20 major projects Major start-ups Next wave of new projects Mboe/d Uganda, Libra, Papua LNG 0.9 Mboe/d Kaombo South 1 Yamal Fort Hills 2018 Egina Tempa Rossa Martin Linge Kaombo North…
Upstream cash flow from operations Growing cash generation through project delivery and increased efficiency Upstream cash flow from operations B, at 60 /b 80 /b 20 20 major start-ups by 2019 1.8 B Opex reduction by 2017…
Strong Downstream performance Taking advantage of restructuring Downstream cash flow from operations B +20%* 2015-19 Capturing favorable 2015 margins 6 25 /t Investing 3-4 B per year on core assets Selectively expanding…
European Downstream delivering results Consistently achieving objectives European repositioning since 2011 Schwedt Refocused European portfolio R&C reducing capacity by 20% end-2016 Stalybridge Lindsey M&S exiting businesses below…
Portfolio management integrated into strategy Maintaining 2015-17 asset sale program of 10 B 2015-17 asset sales B 10 B 5 Ability to find strategic buyers to maximize value Bostik FUKA Continuing to sell non-core assets…
Covering dividend organically at 60 /b from 2017 Capital discipline and production growth driving free cash flow Organic free cash flow B, at 60 /b 80 /b Strong balance sheet to bridge 2016 10 100% cash dividend at 60 /b from…
Long term vision Committed to oil & gas integrated business model, investing in new energies Allocation of capital employed Positioning in new energies Downstream Upstream Taking advantage of fast growing renewable…
Preparing the future with technological excellence Global R&D investment of 1 B per year, growing at 3% per year Seismic imaging Deep offshore LNG Pangea supercomputer Subsea separation and Arctic LNG development upgraded to 6.7…
Our strategy in four key words Safety, delivery, costs, cash Safety, our first priority Delivery Operational excellence across all segments Project execution and production growth Strong Downstream contribution Costs Capital…
Loading...
