The retail giant did largely better than it expected, based on it recently lowered projections, amidst high inflation and costs
Total (TTE.FR)
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Total is a large, Paris-based global integrated oil and gas company. Incorporated in 1924, the company does everything from exploration and production to refining to selling gasoline at the pump through some 15,500 service stations. The company also has a strategic partnership involving plastic recycling with PureCycle Technologies.[1] Total has more than 100,000 employees and does business in more than 130 countries.[2]
Total, whose ticker symbol is TTE, reported a full-year net loss of US$7.2 billion in 2020, compared to a positive US$11.3 billion in 2019. Operating income dropped 56% to US$6.4 billion from US$14.6 billion. The company's results were negatively impacted by the COVID-19 pandemic, which sharply reduced global demand for energy products, as well as a steep drop in the price of oil to below US$20 a barrel.[3]
The retail giant did largely better than it expected, based on it recently lowered projections, amidst high inflation and costs
There was a flurry of corporate activity and news during the week of August 8-12, with Disney, Dutch retailer Ahold Delhaize, EV start-up Rivian and other companies attracting our attention
The Walt Disney Company released strong quarterly results on Wednesday, with its streaming services reporting total subscribers that were higher than those of rival Netflix
The first week of August remained a busy one, as we had a large number of high profile corporations releasing their financial results, such as chip-maker AMD, British energy giant…
The last week of July was dominated by the Big Tech earnings, but the auto industry, plane makers and retailers were also in the spotlight
The earning season heated up this week (July 18-22), as Tesla, Netflix and Snap released their results, while more news stood out, such as Ford’s EV update and more
| Retrieved 19 May 2021 https://finance.yahoo.com/quote/TOT/profile | |
| Retrieved 19 May 2021 https://totalenergies.com/company/identity | |
| Retrieved 19 May 2021 https://totalenergies.com/system/files/documents/2021-02/results_q4_2020_en.pdf |
| Retrieved 19 May 2021 https://finance.yahoo.com/quote/TOT/profile | |
| Retrieved 19 May 2021 https://totalenergies.com/company/identity | |
| Retrieved 19 May 2021 https://totalenergies.com/system/files/documents/2021-02/results_q4_2020_en.pdf |
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