- Total delivered strong 2016 results in a challenging environment, with adjusted net income of $8.3 billion and production growth of 4.5%.
- Safety remains a core value, with the Total Recordable Injury Rate improving to 0.9 per million man-hours worked.
- Total is focused on reducing costs, with upstream operating costs targeted to reach $5.5/boe in 2017 and $5/boe by 2018.
- Production is expected to continue growing in 2017 with ramp-ups of new projects and start-ups.
Presentation of the Strategy & Outlook by Patrick Pouyanné, Chairman and Chief Executive Officer and Patrick de La Chevardière, Chief Financial Officer.
September 2017
Presentation of the Strategy & Outlook by Patrick Pouyanné, Chairman and Chief Executive Officer and Patrick de La Chevardière, Chief Financial Officer.
September 2017
""Over the past three years, we have transformed Eni into a leaner and more resilient company. We have built a high margin portfolio consisting of a large number of mature projects, which will secure our production growth over the medium and long term, and a huge amount of reserves, which will give us flexibility and value."
Rio Tinto has committed to generating $5 billion of additional free cash flow over the next five years from a productivity drive unveiled today as part of its long-term strategy. In a presentation at an investor seminar in Sydney, Rio Tinto chief executive J-S Jacques underlined the strategy centred around a strong focus on safety, cash generation, a world-class portfolio, commitment to capital discipline and the delivery of superior shareholder returns. Find out more http://bit.ly/RIOseminar
Eni: Integrated Model for Sustainable Energy Resource DevelopmentEni
Developing sustainable energy: Eni’s Integrated Model is a presentation to investors of the basic principles that feature the sustainability of Eni’s way of working.
Detailed report of IBM's 30TB Hadoop-DS report showing that IBM InfoSphere BigInsights (SQL-on-Hadoop) is able to execute all 99 TPC-DS queries at scale over native Hadoop data formats. Written by Simon Harris, Abhayan Sundararajan, John Poelman and Matthew Emmerton.
""Over the past three years, we have transformed Eni into a leaner and more resilient company. We have built a high margin portfolio consisting of a large number of mature projects, which will secure our production growth over the medium and long term, and a huge amount of reserves, which will give us flexibility and value."
Rio Tinto has committed to generating $5 billion of additional free cash flow over the next five years from a productivity drive unveiled today as part of its long-term strategy. In a presentation at an investor seminar in Sydney, Rio Tinto chief executive J-S Jacques underlined the strategy centred around a strong focus on safety, cash generation, a world-class portfolio, commitment to capital discipline and the delivery of superior shareholder returns. Find out more http://bit.ly/RIOseminar
Eni: Integrated Model for Sustainable Energy Resource DevelopmentEni
Developing sustainable energy: Eni’s Integrated Model is a presentation to investors of the basic principles that feature the sustainability of Eni’s way of working.
Detailed report of IBM's 30TB Hadoop-DS report showing that IBM InfoSphere BigInsights (SQL-on-Hadoop) is able to execute all 99 TPC-DS queries at scale over native Hadoop data formats. Written by Simon Harris, Abhayan Sundararajan, John Poelman and Matthew Emmerton.
It's all about introduction to a blog which speaks about Destinations, Arts, Culture, People, Cuisines...Everything you would want to know about Kerala
Discover Life. Feel Divinity. Find Yourself...........Experience God's Own Country
Agile Data Science 2.0 (O'Reilly 2017) defines a methodology and a software stack with which to apply the methods. *The methodology* seeks to deliver data products in short sprints by going meta and putting the focus on the applied research process itself. *The stack* is but an example of one meeting the requirements that it be utterly scalable and utterly efficient in use by application developers as well as data engineers. It includes everything needed to build a full-blown predictive system: Apache Spark, Apache Kafka, Apache Incubating Airflow, MongoDB, ElasticSearch, Apache Parquet, Python/Flask, JQuery. This talk will cover the full lifecycle of large data application development and will show how to use lessons from agile software engineering to apply data science using this full-stack to build better analytics applications. The entire lifecycle of big data application development is discussed. The system starts with plumbing, moving on to data tables, charts and search, through interactive reports, and building towards predictions in both batch and realtime (and defining the role for both), the deployment of predictive systems and how to iteratively improve predictions that prove valuable.
Enabling Multimodel Graphs with Apache TinkerPopJason Plurad
Graphs are everywhere, but in a modern data stack, they are not the only tool in the toolbox. With Apache TinkerPop, adding graph capability on top of your existing data platform is not as daunting as it sounds. We will do a deep dive on writing Traversal Strategies to optimize performance of the underlying graph database. We will investigate how various TinkerPop systems offer unique possibilities in a multimodel approach to graph processing. We will discuss how using Gremlin frees you from vendor lock-in and enables you to swap out your graph database as your requirements evolve. Presented at Graph Day Texas, January 14, 2017. http://graphday.com/graph-day-at-data-day-texas/#plurad
See 2020 update: https://derwen.ai/s/h88s
SF Python Meetup, 2017-02-08
https://www.meetup.com/sfpython/events/237153246/
PyTextRank is a pure Python open source implementation of *TextRank*, based on the [Mihalcea 2004 paper](http://web.eecs.umich.edu/~mihalcea/papers/mihalcea.emnlp04.pdf) -- a graph algorithm which produces ranked keyphrases from texts. Keyphrases generally more useful than simple keyword extraction. PyTextRank integrates use of `TextBlob` and `SpaCy` for NLP analysis of texts, including full parse, named entity extraction, etc. It also produces auto-summarization of texts, making use of an approximation algorithm, `MinHash`, for better performance at scale. Overall, the package is intended to complement machine learning approaches -- specifically deep learning used for custom search and recommendations -- by developing better feature vectors from raw texts. This package is in production use at O'Reilly Media for text analytics.
Agile Data Science 2.0 (O'Reilly 2017) defines a methodology and a software stack with which to apply the methods. *The methodology* seeks to deliver data products in short sprints by going meta and putting the focus on the applied research process itself. *The stack* is but an example of one meeting the requirements that it be utterly scalable and utterly efficient in use by application developers as well as data engineers. It includes everything needed to build a full-blown predictive system: Apache Spark, Apache Kafka, Apache Incubating Airflow, MongoDB, ElasticSearch, Apache Parquet, Python/Flask, JQuery. This talk will cover the full lifecycle of large data application development and will show how to use lessons from agile software engineering to apply data science using this full-stack to build better analytics applications. The entire lifecycle of big data application development is discussed. The system starts with plumbing, moving on to data tables, charts and search, through interactive reports, and building towards predictions in both batch and realtime (and defining the role for both), the deployment of predictive systems and how to iteratively improve predictions that prove valuable.
Slides for Data Syndrome one hour course on PySpark. Introduces basic operations, Spark SQL, Spark MLlib and exploratory data analysis with PySpark. Shows how to use pylab with Spark to create histograms.
Royal Dutch Shell plc - Enhanced disclosures webcastShell plc
On Tuesday, May 4 Tjerk Huysinga, Executive Vice President Investor Relations, Sinead Gorman, Executive Vice President Finance Upstream, Brian Eggleston, Executive Vice President Finance Downstream, Frank Lemmink, Executive Vice President Finance Integrated Gas and Renewables and Energy Solutions and Roland Ilube, Senior Vice President Finance Mobility host an enhanced quarterly disclosures webcast.
Premier Oil Annual Result 2016 Press ReleaseOILWIRE
2016 continued to provide a challenging macro-economic environment. Against this backdrop, however, operational performance remained strong with production for the full year averaging 71.4 kboepd and averaging more than 80kboepd during Q4 2016. This increase was driven by the successful completion of the acquisition of the E.ON portfolio and first oil from the Solan field. We continue to actively manage operating costs which, at $15.8/bbl, are below what had been budgeted for the year, benefitting from tight cost control, a weakened GBP exchange rate and high operating efficiency of over 90 per cent across the portfolio.
In addition, during 2016 we commenced discussions with our lending groups on the terms of our existing finance facilities. In February 2017 we reached an agreement in principle with our lender groups on revised terms. The revised terms include amendments to our financial covenants, deferral of final maturity dates to May 2021 and beyond and a margin uplift on interest payable to the lenders. The process of finalising the revised refinancing and implementation documents is ongoing and completion of the refinancing is expected by the end of May 2017. Once finalised, the agreed terms will give Premier sufficient liquidity to operate in the current oil price environment, deliver our sanctioned projects and to continue to invest in the wider business at appropriate levels of equity interests.
A presentation delivered by Cabot Oil & Gas at the Scotia Howard Weil Energy Conference in New Orleans in March 2016. During the presentation we learn Cabot plans to complete 40 wells in the Marcellus in 2016 and grow production slightly--up to 7% in 2016 over 2015.
The revival and transformation of Europe’s largest onshore oilfield; the Pato...Albania Energy Association
Presentation: The revival and transformation of Europe’s largest onshore oilfield; the Patos-Marinza field
Leonidha Çobo, General Manager, Bankers Petroleum Albania Ltd
Eni: results for the third quarter and the nine months of 2017Eni
The key messages for 2017 that we presented today:
E&P will reach its highest ever level of production and will continue to add high value barrels;
G&P is structurally positive;
Chemicals is beating new records and R&M is further enhancing its resilience;
At less than $45/bbl Brent we have one of the lowest levels of cash neutrality to cover capex and a full cash dividend; and
Gearing is expected to fall to 20% at year end.
Stock Pitch For Pipes And Walves Distribution PowerPoint Presentation Ppt Sli...SlideTeam
Our Stock Pitch For Pipes And Walves Distribution PowerPoint Presentation Ppt Slide Template is the perfect way to pitch your stock. We have researched thousands of stock pitches and designed the most impactful way to convince your investors to invest in your equity. http://bit.ly/31HJQAT
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
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➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
2. 2016 Results & Outlook
88%
93%
1
2
3
2014 2015 2016
Fatality-free for 435 days, 1 fatality end-2016
Safety and operational performance go hand in hand
Total Recordable Injury Rate for Total and peers*
Per million man-hours
Safety, a core value
Cornerstone of operational efficiency
* Group TRIR excl. Specialty Chemicals; peers: BP, Chevron, ExxonMobil, Shell
1
2
3
2010 2016
E&P availability (%)E&P TRIR
0.9
2
3. 2016 Results & Outlook
Global energy demand
Mboe/d
Gradually decreasing the carbon intensity of our energy mix
Integrating climate into our strategy
Strategy in line with anticipated market trends
• Focusing on low breakeven oil projects
• Expanding along the gas value chain
• Growing profitable low-carbon business
300
2016 2035
Coal
Natural gas
Oil
Nuclear
Bio-energy
IEA 2°C
scenario
Hydro
Solar / Wind
3
4. 2016 Results & Outlook
Short term supply-demand and OECD inventories
Mb/d
OPEC and non-OPEC agreement being implemented
Production cuts rebalancing oil markets
Much lower industry investment since 2014
Demand remains strong
Inventories still high end-2016
Market uncertainties driving volatility88
95
1H13 2H16
~3 Bb
OECD
commercial
stocks
2011-14 average: 2.7 Bb
Source: IEA
DemandSupply
-1.8 Mb/d
supply cuts
4
5. 2016 Results & Outlook
230
250
270
2015 2016
Floating Storage Regasification Units (FSRU)
Global overview
2015-16 LNG demand
Mt/y
Lower prices stimulating LNG demand
Floating regasification units unlocking 100 Mt/y of new demand by 2025
Under constructionExisting Proposed
China: +40%
India: +30%
Middle East: +90%
Rest of Asia: +30%
+7%
Source: Total estimates
Rest of
world
5
6. 2016 Results &
2017 Objectives
Patrick de La Chevardière
Chief Financial Officer
7. 2016 Results & Outlook
Adjusted net income and production
% change 2016 vs 2015 for Total and peers*
2016 Adjusted net income
B$
Best-in-class results in challenging environment
Resilient Upstream and Downstream performance
-2%
5%
8.3 B$
Exploration
& Production
Refining
& Chemicals
Marketing &
Services
Corporate*
* Peers: BP, Chevron, ExxonMobil, Shell/BG pro forma – based on public data
** 2016 vs 2015: Brent -17%, NBP -27%, ERMI -30%
* Including net cost of net debt and minority interests
Production
Gas, Renewables
& Power
Bubble size proportional to 2016 adjusted net income
Adjusted net
income change**
ERMI ($/t)
NBP ($/Mbtu)
44
34
4.7
Brent ($/b)
7
-50%
8. 2016 Results & Outlook
Operating costs (ASC932) for Total and peers
$/boe
2016-18 Opex reduction
B$
Relentlessly reducing costs
Exceeding targets and accelerating competitive advantage
10
2012 20162015 2016 2017 2018
Targeting 5.5 $/boe in 2017, 5 $/boe by 2018
Upstream
Downstream
& Corporate
4 B$
2.8 B$
3.5 B$
Shell
Chevron
BP
ExxonMobil
5.9
$/boe
2.4 B$Feb-16 guidance > 3 B$
1.5 B$
8
10. 2016 Results & Outlook
600
2015 2016 2017
Production from start-ups and new ventures
kboe/d
Production
Mboe/d
Delivering outstanding production growth
Increasing 2017 production with mix of ramp-ups, new ventures and start-ups
1.0
2.5
2014 2015 2016 2017
On track to achieve 5% per year 2014-20
+9%
+4.5%
> 4%
2015 start-upsNew ventures
2016 start-ups 2017 start-ups
Tempa Rossa*
Ichthys*
Yamal*
Edradour Glenlivet
Libra Pioneiro
Moho North
Kashagan
Incahuasi
Angola LNG
Vega Pleyade
Laggan Tormore
ADCO
Al-Shaheen
Barnett
* End-2017
10
11. 2016 Results & Outlook
0
12
2015 2016 2016
Proved reserves
Bboe
136% reserve replacement rate at constant price (54 $/b)
> 12 years of proved reserves, > 20 years of proved and probable reserves
11.6 11.9
11.5
54.17 42.82*Brent ($/b) 54.17
Price impact
As per SEC rules,
Surmont proved undeveloped reserves
debooked at 42.82 $/b
(NPV0 breakeven ~45 $/b)
93%Reserve replacement rate 136%
*42.82 $/b is the average Brent price of the first day of each month of 2016
11
12. 2016 Results & Outlook
~500 Mboe added in 2016, improving capital efficiency
Exploration delivering promising results
12
Bulgaria,
Black Sea
Myanmar,
offshore gas
Brazil,
Libra NW panel
Papua NG,
onshore gas
Nigeria,
Owowo
Argentina,
wet gas shale
US,
North Platte
Aruba,
offshore
Cyprus,
offshore
Egypt,
onshore
Brazil,
offshore
Brazil,
Libra SE panel
Malaysia,
offshore
2017 key wells
2016 acreage capture
2016 main successes
2016
1.4 B$
spent 19
wells
27
wells
2017
1.25 B$
budget
13. 2016 Results & Outlook
Investing for the future
Growing profitable low carbon business and R&D budget through the cycle
Gas, Renewables & Power positive contribution
Proforma 2016
Investment in innovation and R&D for oil & gas*
B$
0.4
0.7
2015 2016 2017
* Not including Atotech, Hutchinson, SunPower and Saft R&D budgets
4.7 B$
Capital employed
> 9%
ROACE
500 M$
CFFO
Among the
largest global
gas and
LNG players
Saft and
Sunpower
technology
on Mars
13
+5%
per year
14. 2016 Results & Outlook
30%
7
2015 2016 2017
Downstream CFFO*
B$
2016 Downstream ROACE for Total and peers*
%
Sustainable contribution from diversified portfolio of global businesses
High-return Downstream achieving ~7 B$ CFFO target
34%
ROACE
* Peers: BP, Chevron, ExxonMobil, Shell – based on public data
ERMI ($/t) 49 34
25 $/t
35
~7 B$
* Before working capital changes, at replacement cost
14
15. 2016 Results & Outlook
10
2015-17
Asset sale program
2015-16
Cash in
2017
Cash in
2015-17 asset sale program
Successfully executing 2015-17 asset sale program
Monetizing non-core assets
12x Ebitda for Atotech, closed Jan 31, 2017
Adding to financial strength through the cycle
Atotech
Gina Krog
Kharyaga
FUKA
Laggan
Fort Hills
Schwedt
Turkey
~80%
complete
5 B$
Atotech
15
16. 2016 Results & Outlook
Net debt-to-equity ratio
%
Most profitable super-major
Maintaining strong balance sheet through the cycle
2014 2015 2016
99 52Brent ($/b) 44
31%
28%
Atotech sale
27%
ROE of 9% in 2016 at 44 $/b
Gearing guidance of 20%
2.1 B$ non-recurring items in 2016
16
19. 2016 Results & Outlook
8
-45%
Outperforming peers in 2016
Most profitable super-major
10%
-2%
5%
Adjusted net income - B$ Return on Equity
Cash flow from operations* Upstream production growth*
* % change 2016 / 2015
Total, BP, Chevron, ExxonMobil, Shell / BG pro forma, based on public data
19
20. 2016 Results & Outlook
Capitalizing on strengths to secure future growth
Taking advantage of current market conditions
Maintaining discipline to reduce breakeven
Taking advantage of low-cost environment
• Sanctioning high-return projects
• Adding attractive resources
Increasing leverage to oil price
Committed to creating shareholder value
20
21. 2016 Results & Outlook
400
Upstream pre-FIDs production & IRR at 50 $/b
kboe/d net
Upcoming project FIDs
100% capacity, Total share
Sanctioning high-return projects in low-cost environment
Targeting 10 Upstream FIDs over the next 18 months
< 8 $/boe average Capex
14-16% IRR
17-20% IRR
> 20% IRR
* Subject to closing
~350
kboe/d
Giant projects
Libra 1 Brazil 150 kb/d 20%
South Pars 11* Iran 370 kboe/d 50.1% op.
Lake Albert Uganda 230 kb/d 54.9%* op.
Bonga SW Nigeria 180 kb/d 12.5%
Libra 2 Brazil 150 kb/d 20%
Satellite developments
Zinia 2 Angola 40 kb/d 40% op.
Absheron 1 Azerbaijan 35 kboe/d 40% op.
Vaca Muerta Argentina 110 kboe/d 28-43% op.
Ikike Nigeria 45 kb/d 40% op.
Fenix Argentina 60 kboe/d 37.5% op.
Petrochemicals growth
Port Arthur side cracker USA 1 Mt/y 50% op.
21
22. 2016 Results & Outlook
Filling post-2020 pipeline
Accessing low cost resources
Renewing > 2 Bboe resources
< 2 $/boe acquisition cost
Securing long term growth
Strict acquisition and investment criteria
Lapa*
Brazil
Total 35% op.
Barnett shale
US
Total 100%
Tellurian LNG
US
Total 23%
Al-Shaheen
Qatar
Total op. 30%
South Pars 11*
Iran
Total op. 50.1%
Lake Albert
Project*
Uganda
Total op. 54.9%
Iara*
Brazil
Total 22.5%
Deep Offshore LNG and integrated Gas
Middle East Africa
* Subject to closing
22
23. 2016 Results & Outlook
Accessing top-tier assets at a competitive price
Becoming operator in the Santos basin
Developing major position in pre-salt Brazil
Strategic alliance with Petrobras,
Upstream and Downstream
Quick return
• Lapa start-up in 2016
• Iara start-up in 2018
Libra potential confirmed
• 650 kb/d, Capex + Opex < 20 $/b
• Libra Pioneiro (EWT) start-up in 2017
Objective: net production > 150 kb/d
100% capacity
* Subject to closing, pre-unitization for Iara
23
Brazil
São Paulo
Rio de Janeiro
Lapa, 100 kb/d*
Total 35% op.
Iara, 450 kb/d*
Total 22.5%
Libra, 650 kb/d
Total 20%
Gato do Mato
Total 20%
24. 2016 Results & Outlook
ADCO, UAE
Total 10% asset leader
Improved fiscal terms
1.6
Mb/d
Adding giant low cost assets in the Middle East
Strengthening core area with three long plateau fields
> 3 Bboe resources
> 300 kboe/d production
> 1 B$/y CFFO
15% ROACE
100% capacity
* pending final contract
Al-Shaheen, Qatar
Total 30% technical leader
Quick return on investment
300
kb/d
South Pars 11*, Iran
Total 50.1% operator
First mover advantage
370
kboe/d
24
25. 2016 Results & Outlook
Tellurian
Driftwood LNG
Ivory Coast
FSRU
Brazil FSRU
and power plants
Existing & new liquefaction
Existing & new regasification
Developing integrated LNG portfolio
Innovative approach to expand along gas value chain
Growing integrated gas portfolio
Tellurian Driftwood LNG (~20%)
• Low cost modular liquefaction plant
• Integrated project with low cost gas
Ivory Coast regasification (34%)
• Unlocking > 1 Mt/y new demand net to Total
Brazil regasification and power plants (50%)
• Accessing high potential gas market
25
26. 2016 Results & Outlook
Expanding US portfolio
Growing Upstream operations, world-class petrochemicals
~1 B$ Cash flow from operations
> 500 Mb North Platte discovery
in deepwater Gulf of Mexico
Taking advantage of shale gas revolution
Tellurian LNG Port Arthur side cracker
North Platte discoveryBarnett acquisition
26
27. 2016 Results & Outlook
% change of 2017 CFFO for 10 $/b Brent*
Sensitivity to oil price for Total and peers
Increasing leverage to oil price
Increasing oil-leveraged cash-accretive
production
2.5 B$ cash flow impact in 2017 for 10 $/b
change in Brent
Sensitivity growing further beyond 2017
* Total estimates, based on public data and analyst publications for BP, Chevron, ExxonMobil and Shell in 2017
15%
2018
2017
2015
27
28. 2016 Results & Outlook
30
Average margin per barrel in 2020
CFFO at 60 $/b - $/boe
2017-18 start-ups
% progress
Start-ups driving cash-accretive growth
12 projects coming on stream in 2017-18
550 kboe/d net, 85% oil-linked Adding high margin production
Producing
assets
2015-16
start-ups
2017-18
start-ups
100%kboe/d Share
Moho Nord 100 54%
Libra Pioneiro 50 20%
Edradour-Glenlivet 35 60%
Yamal LNG 450 20%
Ichthys LNG 340 30%
Tempa Rossa 55 50%
Kaombo North 115 30%
Fort Hills 180 29%
Timimoun 30 38%
Martin Linge 80 51%
Kaombo South 115 30%
Egina 200 24%
28
x2
29. 2016 Results & Outlook
Refining CFFO
B$, in 35 $/t ERMI environment
2017 Downstream CFFO
Sustainable contribution from diversified Downstream
Stronger Refining coupled with competitive Chemicals and Marketing
3
2012 2017
Best-in-class petchems in US and Asia-Middle East
Non-cyclical contribution from M&S and Hutchinson
Refining
Marketing
& Services
~7 B$
Chemicals
Cut costs, eliminated > 300 kb/d of loss-making capacity
Started up SATORP, modernizing Antwerp
29
> 50%
30. 2016 Results & Outlook
Leveraging world-class Asia-Middle East platforms
High return expansion opportunities
~1 B$ net result in 2016
> 30% ROACE
Best-in-class projects
• Qatar side cracker
• Korea cracker expansion
• SATORP debottlenecking to > 440 kb/d
Saudi Arabia, 400 kb/d deep conversion refinery
Korea, 1 Mt/y cracker Qatar, 2 Mt/y crackers
30
31. 2016 Results & Outlook
1.5
2012 2016 2017
Marketing & Services key countries
Retail and lubricants CFFO
B$
Retail and lubricants delivering CFFO growth
Strong European base and leading positions in high growth areas
Increasing sales by 4% per year 10 countries generating 75% of results
Europe
High growth areas
31
+40%
32. 2016 Results & Outlook
25
Cash flow
B$
Harvesting benefits of production growth and cost reduction
Turning the corner on cash breakeven in 2017
Cash flow increasing by ~1 B$ between 2016
and 2017 in constant price environment
Pre-dividend breakeven < 40 $/b in 2017
CFFO covering Capex and 2017 scrip-dividend
cash out at 50 $/b
2016 2017
60 $/b
50 $/b
44 $/b
Cash flow from operations Capex, including resource renewal
32
33. 2016 Results & Outlook
5-year shareholder return for Total and peers
Sustainable business model with increasing upside
Committed to shareholder return
Preserving financial flexibility in a volatile
environment with scrip dividend
Eliminating discount on scrip dividend
with Brent at 60 $/b
Increasing dividend
5%
* BP, Chevron, ExxonMobil and Shell, based on public data at end-2016
33
34. 2016 Results & Outlook
Capitalizing on strengths to secure future growth
Building on a stronger base
Relentlessly reducing costs and maintaining
Capex discipline to lower breakeven
Delivering near term accretive growth and
increasing leverage to oil
Taking advantage of low cost environment
to sanction projects and add resources
34