|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||48.80 - 49.41|
|52 Week Range||47.70 - 65.69|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||12.25|
|Forward Dividend & Yield||2.89 (5.90%)|
|1y Target Est||67.80|
Sempra Energy (SRE) owns 50.2% equity interest in Cameron LNG JV, which is likely to generate $400-$450 million annual earnings for the company.
Ormat Technologies (ORA) posts better-than-expected second-quarter 2019 results. Both earnings and revenues increase on a year-over-year basis.
Royal Dutch Shell (RDS.A) (RDS.B) is up 8.9% YTD, outperforming the oil and gas integrated market by almost 4%. The global oil giant will report earnings for fiscal Q2 on Thursday, August 1 before the market opens.
Chevron (CVX) stock has risen 14% year-to-date to the current price of $124.2. Chevron stock is trading very close to its 52-week high price of $127.8.
(Bloomberg) -- Papua New Guinea’s petroleum minister said he’s completed his review of a recent natural gas agreement with Total SA and will recommend changes, creating a potential hurdle for the delayed $13 billion effort to double the nation’s exports of the fuel.The potential changes cover both regulatory and commercial terms of the so-called Papua LNG agreement and must be approved by the National Executive Council before submitting them to venture partners, which include Exxon Mobil Corp. and Oil Search Ltd., Kerenga Kua said in an interview Thursday.Kua said he’ll send his findings as soon as Monday to the council, a top policy making body, and expects a revised agreement with the companies completed within six weeks. In response, Total’s Chief Executive Officer Patrick Pouyanne pushed back against any potential overhaul.“All issues are capable of discussion and compromise,” Kua said. “Even though we may have our wish list and they may have their wish list, finding the middle ground where all of us can benefit is an important principle.”Oil Search shares added 0.6% to A$7.09 as of 10:43 a.m. in Sydney and are headed for a 6.3% rise this week. The Australia-based producer declined to comment. Exxon didn’t respond to requests for comment.“We are confident that it’s in the best interest of PNG to respect the agreement that has been signed in order to move forward with the project,” Pouyanne said on a conference call Thursday. “We expect the new government to respect” the deal signed by its predecessor, and Total has “many” LNG projects in its portfolio.Political Flash-PointSeparately, Newcrest Mining Ltd., Australia’s top gold producer, and Harmony Gold Mining Co. said they are facing a hurdle with the development of the $5.4 billion Wafi-Golpu gold-copper project in PNG amid heightened political uncertainty. The delay in permitting is associated in part with legal proceedings between national and provincial authorities and the PNG government continues to signal support for the project, Newcrest said in a statement Thursday.Liquefied natural gas exports have developed into a political flash-point for the country as its existing venture, the Exxon-led PNG LNG project, has been criticized as not benefiting the domestic economy as much as expected. The nation’s new prime minister, James Marape, swept to power in May amid a wave of criticism of the Papua LNG deal signed by his predecessor. He tasked Kua with reviewing the agreement after appointing him petroleum minister in June.“For too long we have allowed external forces to dictate the direction we take,” Marape said Thursday at the Lowy Institute in Sydney. The government must work with its partners “to ensure a fair and equitable distribution of our resources.”In the interview, Kua described the suggested changes as a “short list,” but declined to provide specifics. He said he’s been in communication with the partner companies.“We haven’t rejected the signed agreement,” he said.The review has delayed plans to double gas exports from Papua New Guinea, which involves a $13 billion expansion across separate but interlinked projects. Talks on the second gas agreement, for the Exxon-led P’nyang venture, won’t begin until the Papua LNG deal is revised, Kua said.Oil Search said last week that it expects front-end engineering and design work on new LNG production units to be pushed back pending those agreements. That may move a final investment decision until as late as 2021, which puts the expansion projects at risk of greater competition for building resources and customers, according to analysts at Sanford C. Bernstein.Marape said his government assembled a group of advisers to assess the country’s resource laws to find the right balance between encouraging foreign investment and boosting local involvement in the sector.(Updates with share price in 5th paragraph.)\--With assistance from James Thornhill, Francois de Beaupuy and Ranjeetha Pakiam.To contact the reporter on this story: Stephen Stapczynski in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Ramsey Al-Rikabi at email@example.com, James Herron, Rakteem KatakeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
TOTAL's (TOT) second-quarter earnings are affected by softness in commodity prices. Nonetheless, start-ups boost production of the company.
Total's earnings missed analysts’ estimate of $1.1 by about 10%. The company's revenues fell 2% YoY to $51.2 billion in the second quarter.
Total (FP.PA) (TTA.L) (TOT) has published its Financial Report - 1st half 2019. Total is a major energy player that produces and markets fuels, natural gas and low-carbon electricity. Active in more than 130 countries, our ambition is to become the responsible energy major.
As oil prices get volatile, it's imperative to know integrated energy stocks' outlook. Analysts’ mean price targets for Chevron (CVX), Royal Dutch Shell (RDS.A), ExxonMobil (XOM), BP (BP), Total (TOT), and Suncor Energy (SU) suggest that SU has the highest upside potential of 36%. TOT and RDS.A follow with 32% and 29% upside potential. This […]
TOTAL (TOT) is expected to beat earnings estimates when it reports Q2 results on Jul 25, 2019. The results are likely to get a boost from new projects, which are in turn boosting production.
Total SA (TOT) is scheduled to announce its second-quarter results on July 25. Analysts expect the company to post 2% lower earnings YoY in the second quarter.
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