Q1 2019 Total SA Earnings Call Transcript

Apr 26, 2019 / 12:00PM GMT
Operator

Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the Total First Quarter 2019 Results Call. (Operator Instructions) I must advise you that this conference is being recorded today, on Friday the 26th of April 2019.

And I would now like to hand the conference over to your host today, Patrick de La Chevardière, CFO of Total. Please go ahead, sir.

Patrick de La Chevardière - TOTAL S.A. - CFO

Thank you. Patrick de la Chevardière here. Let's go straight to the results and then to the Q&A.

The environment has been volatile, starting the year weak but then gaining strength. And in this environment, we reported first quarter 2019 adjusted net income of $2.8 billion or $1.02 per share; debt adjusted cash flow of $6.5 billion, up 15% year-on-year; and very strong organic free cash flow of $3.2 billion, up 18% year-on-year, with a pre-dividend cash flow breakeven below $25 per barrel. We are in line with our February presentations and on track to grow cash flow over the coming quarter progressively as

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot