For shareholders, the latest update is encouraging as the focus is also on its redistribution policy after all the efforts it has made and its exploration successes. Buy-backs will also be done when cash exceeds the leverage target of 20-25%. The group also highlighted its focus on upstream with more than 80% of its capex going to the division in the next four years. Sensitivity to oil prices is still increasing for the group.
17 Mar 2018
Encouraging update for shareholders

