Transcription of Press Release - TotalEnergies
{{id}} {{{paragraph}}}
Example: marketing
Press Release - TotalEnergies
Press Release 1 Fourth quarter and full-year 2020 results Total resists crisis and accelerates its transformation Total will propose to shareholders changing its name to TotalEnergies 2 Paris, February 9, 2021 Total SE s Board of Directors met on February 8, 2021, under the chairmanship of CEO Patrick Pouyann to approve the Group s 2020 financial statements. On this occasion, Patrick Pouyann said: The Group s fourth quarter results rebounded from the previous quarter in a context where oil prices stabilized above $40 per barrel, thanks to strong OPEC+ discipline, and where gas prices rose sharply in Europe and Asia, but where refining margins remained depressed, still affected by low demand and high inventories. In this context, the Group demonstrates its ability to benefit from an overall more favorable environment with adjusted net income up by more than 50% to $ billion and cash flow (DACF) of $ billion. Total faced two major crises in 2020: the Covid-19 pandemic that severely affected global energy demand, and the oil crisis that drove the Brent price below $20 per barrel in the second quarter.
• Acquired Fonroche Biogaz in France, making Total the leader in renewable gas production in France • Agreed with 174 Power Global, a subsidiary of Hanwha, to develop a portfolio of 1.6 GW of solar and energy storage projects in the United States • Acquired a 2.2 GW portfolio of solar and energy storage projects in Texas
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: