The large, new projects are performing well and increased the group’s operating cash flow (before working capital changes) by 5% yoy. The group announced a $5bn asset sale, a logical move after the acquisition of Anadarko’s assets in Africa. The capital invested in 2019 should, nonetheless, be $1-2bn higher than the $15-16bn initially planned.
25 Jul 2019
Q2: solid cash generation from newer assets
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Q2: solid cash generation from newer assets
TotalEnergies SE (TTE:LON) | 6,720 -2016 (-0.4%) | Mkt Cap: 160,396m
- Published:
25 Jul 2019 -
Author:
Kevin VO -
Pages:
3
The large, new projects are performing well and increased the group’s operating cash flow (before working capital changes) by 5% yoy. The group announced a $5bn asset sale, a logical move after the acquisition of Anadarko’s assets in Africa. The capital invested in 2019 should, nonetheless, be $1-2bn higher than the $15-16bn initially planned.