Total more resilient than in 2015 to weather the storm But an Action Plan is required 2020 CFFO* B 2014 2019 30 Gearing* 30 % 16.7% 20 Cash breakeven 100 /b < 25 /b (organic pre dividend) Upstream Opex 9.9 /boe 5.4 /boe…
HSE, Delivery, Costs and Cash HSE Delivery Costs Cash H = Coronavirus Operational Capital discipline: Focus on cash Health of each of excellence across all flexible portfolio to Low breakeven in us is a prerequisite segments be…
2020 action plan, immediate response to new environment 30/b Capital investments Capital Organic Capex: 20% reduction B 18 investments Play on flexible CAPEX of short cycle projects < 15 (Angola, ..) - 3.3 B E&P: 2.5 B, Downstream…