0001634621-18-000023.txt : 20181001 0001634621-18-000023.hdr.sgml : 20181001 20181001063252 ACCESSION NUMBER: 0001634621-18-000023 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 26 CONFORMED PERIOD OF REPORT: 20181001 FILED AS OF DATE: 20181001 DATE AS OF CHANGE: 20181001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOTAL S.A. CENTRAL INDEX KEY: 0000879764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 STATE OF INCORPORATION: I0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10888 FILM NUMBER: 181095817 BUSINESS ADDRESS: STREET 1: 2 PLACE JEAN MILLIER STREET 2: LA DEFENSE 6 CITY: COURBEVOIE STATE: I0 ZIP: 92400 BUSINESS PHONE: 33147444546 MAIL ADDRESS: STREET 1: 2 PLACE JEAN MILLIER STREET 2: ARCHE NORD COUPOLE/REGNAULT CITY: PARIS LA DEFENSE CEDEX STATE: I0 ZIP: 92078 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL SA DATE OF NAME CHANGE: 20030508 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL FINA ELF SA DATE OF NAME CHANGE: 20001010 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL FINA SA DATE OF NAME CHANGE: 19990713 6-K 1 to_6k20181001.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

October 1, 2018

Commission File Number 001-10888

 

 

TOTAL S.A.

(Translation of registrant’s name into English)

 

 

2, place Jean Millier

La Défense 6

92400 Courbevoie

France

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F               Form 40-F  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes              No   

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .)

TOTAL S.A. is providing on this Form 6-K a description of certain recent developments relating to its business.

 

 

 

TABLE OF CONTENTS

 

SIGNATURES

Exhibit Index

 

Exhibit 99.1

Disclosure of Transactions in Own Shares (September 6, 2018)

Exhibit 99.2

Disclosure of Transactions in Own Shares (September 13, 2018)

Exhibit 99.3

Total announces the distribution of its first 2018 interim dividend (September 19, 2018)

Exhibit 99.4

Electric Vehicle Charging Solutions : Total Acquires G2mobility and Forms Partnership with Nexans (September 20, 2018)

Exhibit 99.5

Results of the Public Tender Offer of Total on Direct Energie (September 20, 2018)

Exhibit 99.6

Myanmar: positive appraisal of the A6 block discovery (September 24, 2018)

Exhibit 99.7

Total Announces Major Gas Find Offshore UK (September 24, 2018)

Exhibit 99.8

Oil and Gas Climate Initiative sets first collective methane target for member companies (September 24, 2018)

Exhibit 99.9

Joint industry human rights supply chain engagement (September 24, 2018)

Exhibit 99.10

United States: Bayport Polymers to Double Polyethylene Capacity (September 25, 2018)

Exhibit 99.11

North Sea: Total increases its share in the Danish Underground Consortium (September 25, 2018)

Exhibit 99.12

2018 Strategy and Outlook Presentation (September 25, 2018)

Exhibit 99.13

Disclosure of Transactions in Own Shares (September 27, 2018)

 

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EXHIBIT INDEX

 

Exhibit 99.1

Disclosure of Transactions in Own Shares (September 6, 2018)

Exhibit 99.2

Disclosure of Transactions in Own Shares (September 13, 2018)

Exhibit 99.3

Total announces the distribution of its first 2018 interim dividend (September 19, 2018)

Exhibit 99.4

Electric Vehicle Charging Solutions : Total Acquires G2mobility and Forms Partnership with Nexans (September 20, 2018)

Exhibit 99.5

Results of the Public Tender Offer of Total on Direct Energie (September 20, 2018)

Exhibit 99.6

Myanmar: positive appraisal of the A6 block discovery (September 24, 2018)

Exhibit 99.7

Total Announces Major Gas Find Offshore UK (September 24, 2018)

Exhibit 99.8

Oil and Gas Climate Initiative sets first collective methane target for member companies (September 24, 2018)

Exhibit 99.9

Joint industry human rights supply chain engagement (September 24, 2018)

Exhibit 99.10

United States: Bayport Polymers to Double Polyethylene Capacity (September 25, 2018)

Exhibit 99.11

North Sea: Total increases its share in the Danish Underground Consortium (September 25, 2018)

Exhibit 99.12

2018 Strategy and Outlook Presentation (September 25, 2018)

Exhibit 99.13

Disclosure of Transactions in Own Shares (September 27, 2018)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  TOTAL S.A.
Date: October 1, 2018   By:  

/s/ ANTOINE LARENAUDIE

    Name:   Antoine LARENAUDIE
    Title:   Group Treasurer


EX-99.1 2 ex991.htm

Exhibit 99.1

Adobe Systems

                                                                 

Disclosure of Transactions in Own Shares

Paris, September 6th, 2018 - In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on June 1st, 2018 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from August 30th, 2018 to September 5th, 2018:

 

Transaction date

Total daily volume (number of shares)

Daily weighted average purchase price of the shares (EUR/share)

Amount of transactions (EUR)

Market (MIC Code)

30.08.2018

190,265

54.7379

5,764,245

XPAR

30.08.2018

59,685

54.7420

1,725,412

CHIX

30.08.2018

23,994

54.7388

1,313,403

TRQX

30.08.2018

15,104

54.7422

826,826

BATE

31.08.2018

370,959

54.1260

20,078,527

XPAR

31.08.2018

89,469

54.1893

4,848,262

CHIX

31.08.2018

28,548

54.1445

1,545,717

TRQX

31.08.2018

25,611

54.1615

1,387,130

BATE

03.09.2018

56,253

54.1088

3,043,782

XPAR

03.09.2018

13,365

54.0827

722,815

CHIX

03.09.2018

4,446

54.0975

240,517

TRQX

03.09.2018

2,815

54.1260

152,365

BATE

04.09.2018

263,232

53.8101

14,164,540

XPAR

04.09.2018

66,866

53.7468

3,593,834

CHIX

04.09.2018

24,009

53.7538

1,290,575

TRQX

04.09.2018

19,916

53.7597

1,070,678

BATE

05.09.2018

375,593

52.9432

19,885,095

XPAR

05.09.2018

56,944

52.9339

3,014,268

CHIX

05.09.2018

19,302

52.9158

1,021,381

TRQX

05.09.2018

58,479

52.7580

3,085,235

BATE

Total

1,764,855

53.8100

94,966,934

 

 

 

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

 

* * * * *

 

Total contacts

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

EX-99.2 3 ex992.htm

Exhibit 99.2

Adobe Systems

          

                                                   

Disclosure of Transactions in Own Shares

Paris, September 13th, 2018 - In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on June 1st, 2018 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from September 6th, 2018 to September 12th, 2018:

 

Transaction date

Total daily volume (number of shares)

Daily weighted average purchase price of the shares (EUR/share)

Amount of transactions (EUR)

Market (MIC Code)

06.09.2018

78,346

52.4251

4,107,297

XPAR

06.09.2018

77,018

52.4227

4,037,492

CHIX

06.09.2018

38,964

52.4295

2,042,863

TRQX

06.09.2018

46,070

52.4061

2,414,349

BATE

Total

240,398

52.4214

12,602,000

 

 

 

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

 

* * * * *

 

Total contacts

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

EX-99.3 4 ex993.htm

Exhibit 99.3

Adobe Systems

Press Release

 

 

Total announces the distribution of its first 2018 interim dividend

 

Paris, September 19, 2018 - The Board of Directors met on September 19, 2018 and declared a first interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board’s decision of April 25, 2018, an increase of 3.2% compared to the three interim dividends and the final dividend paid for the 2017 fiscal year. The Board of Directors also decided to offer, under the conditions of the fourth resolution of the Combined Shareholders’ Meeting of June 1, 2018, the option for shareholders, including holders of its American Depositary Shares listed on the New York Stock Exchange (ADS), to receive this first interim dividend either in cash or in new shares of the Company.

In line with the shareholder return policy announced on February 8, 2018, in order to avoid any dilution linked to the issuance of new shares, the Group will buy back during the quarter the newly issued shares with the intention to cancel them.

The share price for the new shares to be issued as payment of the first 2018 interim dividend is set by the Board of Directors at €52.95. This price is equal to the average Euronext Paris opening prices of the shares for the twenty trading days preceding the meeting of the Board of Directors on September 19, 2018, reduced by the net amount of the interim dividend, without any discount, rounded up to the nearest cent. Shares issued accordingly will carry immediate dividend rights and an application to trading on Euronext Paris will be made.

Shareholders and holders of ADS will receive this first interim dividend, and will have the option to receive a payment either in cash or in new shares by instructing their financial advisors, as per the following timetable:

 

Shareholders

ADS holders

Ex-dividend date

September 25, 2018

 

September 21, 2018

 

Period to opt in for the payment in new shares

 

September 25 to October 4, 2018 (inclusive)

September 25 to
October 1, 2018 (inclusive)

Payment in cash (opt out)

 

October 12, 2018

October 19, 2018

Delivery of the new shares issued in lieu of cash (opt in)

 

October 12, 2018

October 19, 2018

1

If the amount of the first interim dividend for the 2018 fiscal year for which the option is exercised does not correspond to a whole number of shares, the shareholders may opt to receive either the number of shares immediately above, by paying a cash adjustment on the day they exercise their option, or the number of shares immediately below, plus a balancing cash adjustment.

 

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com

 

* * * * *

 

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investors Relations: +44 (0)207 719 7962 l ir@total.com

 

Cautionary note

This news release is provided for information purposes only and does not constitute an offer to purchase securities. This news release and any other document relating to payment of dividends in shares may only be published outside of France in conformity with applicable local laws and regulations and shall not constitute an offer for securities in jurisdictions where such an offer would violate applicable local law. The option to receive the first interim dividend for the 2018 fiscal year in shares is not open to shareholders residing in any jurisdiction where such option would give rise to a registration requirement or require the granting of any authorization from local securities regulators; shareholders residing outside of France are required to inform themselves of any restrictions which may apply under their local law and comply with such restrictions. Shareholders must inform themselves of the conditions and consequences of the exercise of such option, which may be applicable under local law. In making their decision to receive the dividend in shares, shareholders must consider the risks associated with an investment in shares.

 

EX-99.4 5 ex994.htm

Exhibit 99.4

Adobe Systems

Press Release

 

 

Electric Vehicle Charging Solutions :

Total Acquires G2mobility and Forms Partnership with Nexans

 

Paris, September 20, 2018 — Total has finalized the acquisition of G2mobility, a French leading provider of electric vehicle charging solutions. With this deal, Total is accelerating the growth of its electric vehicle charging businesses, from designing smart charging stations to optimizing energy usage management and selling integrated services.

A pioneer in the sector since 2009, G2mobility has developed and markets a comprehensive charging solution, with connected charging stations operated by a web platform that can remotely control the charge points, offer services, particularly smart energy management systems. With almost 10,000 points managed by its services platform, G2mobility supports municipal governments and private businesses.

Following the signature of an agreement with G2mobility and its longtime shareholders, including Bpifrance and Nexans, Total now fully owns the company.

Total is pursuing its expansion in new energies for mobility. Following the acquisitions of PitPoint in Europe in 2017 and of 25% of Clean Energy in the U.S. this year, which has allowed us to accelerate in natural gas fuel for vehicles, the G2mobility transaction is a pivotal step in improving our electric vehicle charging offering. With a market share of more than 25% of charging points for local governments and growth in revenues of over 50% last year, G2mobility brings us a new competency to provide more efficient electric charging systems for our B2B and B2C customers.” stated Momar Nguer, President, Marketing & Services and member of the Executive Committee at Total.

Current growth in the electric vehicle industry is bringing charging solutions into a new era in terms of ambition and capacity,” added Pierre Clasquin, Chief Executive Officer and co-founder of G2mobility. “Today, you have to offer integrated solutions, from electricity supply to an end-to-end charging service. In joining Total, G2mobility can enthusiastically pursue its growth and keep contributing to the energy transition.”

The energy transition is an excellent growth opportunity and a tool for innovation, differentiation and performance for French companies. It is also a core focus of Bpifrance’s actions,” explained Paul-François Fournier, Senior Executive Vice President, Bpifrance Innovation. “We’re proud to have supported the growth of G2mobility since 2013, and to see it join a world-class company where it can accelerate its expansion and the deployment of its service offering.”

Total Consolidates G2mobility Partnership With Nexans

To help speed up the growth of infrastructure for electric vehicles, Total and Nexans have signed a partnership agreement that gives Total access to Nexans’ production capacity and

1

industrial know-how. Nexans will be able to rely on G2mobility’s technological edge and Total’s range of service offerings.

We’re delighted to be working with Total to help improve vehicle charging infrastructure, the key to adopting sustainable mobility, in particular through our AGICITY® range.” said Christopher Guérin, CEO of Nexans. “Nexans is proud to have helped G2mobility grow by providing this innovative company with our industrial expertise.”

 

About G2mobility

Founded in 2009, G2mobility is the French leader in smart charging solutions for electric vehicles. The company designs, produces and implements solutions that integrate charge points adapted to different environments, Electric Vehicle Supply Equipment (EVSE) management and central supervision from its SaaS software tool G2smart, and local EVSE management with the G2box integrated in the charge points or located nearby on-site.

G2mobility's products and services are compliant with OCPP communication protocol defined by the Open Charge Alliance, an international organization of which G2mobility has been a board member since 2015. - www.g2mobility.com  

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

About Bpifrance

Bpifrance is the French national investment bank: it finances businesses - at every stage of their development - through loans, guarantees, equity investments and export insurances. Bpifrance also provides extrafinancial services (training, consultancy..). to help entrepreneurs meet their challenges (innovation, export…).

For more information, please visit: www.bpifrance.fr and presse.bpifrance.fr

Follow us on Twitter: @Bpifrance - @BpifrancePresse

About Nexans

As a global leader in advanced cabling and connectivity solutions, Nexans brings energy to life through an extensive range of best-in-class products and innovative services. For over 120 years, innovation has been the company’s hallmark, enabling Nexans to drive a safer, smarter and more efficient future together with its customers.

Today, the Nexans Group is committed to facilitating energy transition and supporting the exponential growth of data by empowering its customers in four main business areas: Building & Territories (including utilities, smart grids, e-mobility), High Voltage & Projects (covering offshore wind farms, submarine interconnections, land high voltage), Telecom & Data (covering data transmission, telecom networks, hyperscale data centers, LAN), and Industry & Solutions (including renewables, transportation, Oil & Gas, automation, and others).

Corporate Social Responsibility is a guiding principle of Nexans’ business activities and internal practices. In 2013 Nexans became the first cable provider to create a Foundation supporting sustainable initiatives bringing access to energy to disadvantaged communities worldwide.

2

 

The Group’s commitment to developing ethical, sustainable and high-quality cables drives its active involvement within several leading industry associations, including Europacable, the National Electrical Manufacturers Association (NEMA), International Cablemakers Federation (ICF) or CIGRE to mention a few.

Nexans employs more than 26,000 people with industrial footprint in 34 countries and commercial activities worldwide. In 2017, the Group generated 6.4 billion euros in sales. Nexans is listed on Euronext Paris, compartment A.

For more information, please visit: www.nexans.com & follow us on on facebookyoutubelinkedintwitter

              

 

* * * * *

Total contacts

Media Relations : +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

Bpifrance Press Contact

Christophe Menger

Tel : +33 (1)1 41 79 95 12

christophe.menger@bpifrance.fr

 Nexans contacts

 Press

Investor Relations

 Angéline Afanoukoé

 Tél. : +33 (0)1 78 15 04 67

 angeline.afanoukoe@nexans.com

Michel Gédéon

Tél. : +33 (0)1 78 15 05 41

michel.gedeon@nexans.com

 Ksenia Kanareva

 Tél. : +33 (0) 1 78 15 04 74

 ksenia.kanareva@nexans.com

Marième Diop

Tél. : +33 (0) 1 78 15 05 40

marieme.diop@nexans.com

 

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

 

EX-99.5 6 ex995.htm

Exhibit 99.5

Adobe Systems

Press Release

 

Results of the Public Tender Offer of Total on Direct Energie

 

Paris, September 20, 2018 - Following completion on July 6, 2018 of the acquisition of a 73.04% stake in the share capital of Direct Energie at €42 per share, Total welcomes the results of the public tender offer published by the Autorité des marchés financiers (AMF) yesterday, showing that Total S.A. has acquired, at the same price, 9,354,390 shares under the centralized procedure managed by Euronext Paris and 1,011,888 shares on the market.

Total will hold 44,417,802 shares of Direct Energie representing 44,820,386 voting rights, i.e. 95.37% of the share capital and at least 95.33% of the voting rights of this company.

Once the settlement of the shares tendered into the offer has been completed, Total intends to request the implementation of the squeeze-out procedure in accordance with the terms of its public tender offer of July 26, 2018 at a price of €42 per share (dividend attached).

Total is pleased to be in a position to fully benefit from the new perimeter comprised of Direct Energie and the other businesses of its Gas, Renewables & Power (GRP) branch with a view to accelerating its strategy of integration along the gas-electricity value chain in Europe and development of low carbon energies, in line with its ambition to become the responsible energy Major.

 

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

 

1

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

EX-99.6 7 ex996.htm

Exhibit 99.6

Adobe Systems

Press Release

 

Myanmar: positive appraisal of the A6 block discovery

 

Paris, 24 September 2018 - Total announces a successful appraisal of the A6 block Shwe Yee Htun-2 discovery, offshore Myanmar, completing a major step towards confirming a commercial project. The well was drilled to a final depth of 4,820 meters and encountered 40 meters of net gas pay in a high quality reservoir. Preliminary tests confirm good reservoir quality, permeability and well production deliverability.

The Shwe Yee Htun-2 adds to the Shwe Yee Htun-1 (2016) and Pyi Thit-1 (2017) gas discoveries made earlier on the Block. The cumulated resources are evaluated in the range of 2 to 3 Tcf.

“This new discovery on A6 block is a major step towards unlocking new gas reserves in an area closely located to the fast growing regional markets. Total’s track record of Myanmar’s Yadana gas field exploitation is a key asset to lead these discoveries to commercial development,” outlined Arnaud Breuillac, President Exploration & Production at Total.

Total holds a 40% interest in A6 block, alongside Woodside Energy Ltd (40%, technical joint operator for exploration and appraisal operations) and MPRL E&P Pte Ltd (20%, joint operator). As per joint venture agreements, Total is to take over operatorship in the development phase.

Total in Myanmar

Total E&P Myanmar (TEPM) is the operator (31.2%) of the M5 and M6 blocks on the Yadana offshore gas field, on stream since 1998. The production from M5 and M6 blocks currently supplies half of Myanmar’s gas consumption and around 12% of gas consumed by neighboring Thailand. In 2017, TEPM has started up production from the Badamyar project, which enables an extension of the Yadana gas field’s production plateau beyond 2020.

 

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.

1

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

 

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We  may use certain terms in this press release, such as resources, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TOTAL S.A. —  Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex —  France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

 

EX-99.7 8 ex997.htm

Exhibit 99.7

Adobe Systems

Press Release

 

Total Announces Major Gas Find Offshore UK

Paris, September 24, 2018 - Total announces a major gas discovery on the Glendronach prospect, located offshore U.K. West of Shetland. The well was drilled to a final depth of 4,312 meters and encountered a gas column of 42 meters of net pay in a high quality Lower Cretaceous reservoir.

Preliminary tests confirm good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about one trillion cubic feet (1 tcf).

Located on Block 206/04a, in water depth of about 300 meters and in a formation below the Edradour reservoir, the discovery can be developed quickly with the existing infrastructure around the Edradour field and the Laggan-Tormore facilities of the Shetland Gas Plant.

“Glendronach is a significant discovery for Total which gives us access to additional gas resources in one of our core areas and validates our exploration strategy. Located on an emerging play of the prolific West of Shetland area, the discovery can be commercialized quickly and at low cost by leveraging the existing Laggan-Tormore infrastructure,” stated Arnaud Breuillac, President Exploration & Production at Total.

The Glendronach discovery is operated by Total E&P UK with a 60% interest alongside partners Ineos E&P UK Limited (20%) and SSE E&P UK Limited (20%).

1

Total Exploration & Production in the United Kingdom

Total has been present in the United Kingdom for more than 50 years and is one of the country’s leading oil and gas operators, with equity production of 171 000 boe/d in the first half of 2018. Total’s production in the United Kingdom comes principally from operated fields located offshore in three major zones, the Alwyn/Dunbar area in the Northern North Sea, the Elgin/Franklin area in the Central North Sea and the Laggan-Tormore hub in the West of Shetland area, and from recently acquired Maersk Oil assets.

Total also operates the Culzean gas field (formerly Maersk Oil operated) with a 49.99% working interest, scheduled to start-up in 2019.

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We  may use certain terms in this press release, such as resources, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TOTAL S.A. —  Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex —  France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

EX-99.8 9 ex998.htm

Exhibit 99.8

 


Oil and Gas Climate Initiative sets first collective methane target for member companies

         OGCI companies set a target to reduce by 2025 the collective average methane intensity of aggregated upstream oil and gas operations

         Announcement comes as OGCI welcomes the addition of three US companies

 

New York City, New York, USA, September 24, 2018 - The Oil and Gas Climate Initiative (OGCI) today announced a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil operations by one fifth to below 0.25%, with the ambition to achieve 0.20%, corresponding to a reduction by one third.

The methane intensity refers to the methane that gets lost in the atmosphere when producing oil and gas, as a percentage of the gas sold. This effort represents a significant milestone in tackling a key issue in the fight against climate change and underlines OGCI’s stance in working together to support the goals of the Paris Agreement.

Achieving the agreed intensity target of 0.25% by the end of 2025 would reduce collective emissions by 350,000 tons of methane annually, compared to the baseline of 0.32% in 2017.[1] OGCI will seek to go beyond this target, to achieve as much as one-third reduction in the same timeframe.

“Our aim is to work towards near zero methane emissions from the full gas value chain in support of achieving the goals of the Paris Agreement. We have worked to make our ambition concrete, ac-tionable and measurable, helping to ensure that natural gas can realize its full potential in a low-emissions future,” the heads of the OGCI member companies said.

To reduce the OGCI’s collective methane emissions intensity, member companies will target key emissions sources. OGCI members are also engaging with other companies in the industry to help ensure that methane emissions are addressed across the full gas value chain.

 

[1] OGCI baseline in 2017 is 0.32% for the existing 10 member companies and accounts for total upstream methane emissions from all operated gas and oil assets. Emissions intensity is calculated as a share of marketed gas. The reduction is calculated on the basis of the volume of natural gas that reached the market in 2017. It should be noted that the 0.32% baseline and the collective annual reduction of 350,000 tons of methane emissions to reach the collective methane intensity target do not reflect the contribution of the three new US member companies (Chevron Corporation, Exxon Mobil Corporation, and Occidental Petroleum), that officially joined OGCI today.

 The detailed methodology and assumptions are publicly available on the OGCI website.

1

This methane target comes as OGCI welcomes Chevron Corporation, Exxon Mobil Corporation, and Occidental Petroleum, three US majors that together represent 5% of global oil and gas production, to the initiative.

The new OGCI members support the collective methane reduction target and are aligned with OGCI collective goals, including recognition and support of the Paris Agreement, collective reporting, and a commitment to the aims of Zero Routine Flaring by 2030. They reinforce the capacity of OGCI’s work programs and share OGCI’s focus on developing a collective roadmap on carbon capture, use and storage. In addition, each will commit $100 million dollars to the OGCI Climate Investments fund.

Through its USD +1 billion investment fund OGCI Climate Investments, OGCI aims to increase the ambition, speed and scale of initiatives to reduce greenhouse gases. Today, OGCI Climate Investments announced its 2018 investments, focused on recycling and storing CO2 and on reducing methane emissions. Deployment of these technical solutions will support OGCI’s mandate.

In order to expand its global impact, OGCI Climate Investments today jointly announced with CNPC (the Chinese National Petroleum Corporation) that they are partnering to create OGCI Climate Investments China, an investment fund focused on China.

 

 

***

 

 

 

ABOUT THE OIL AND GAS CLIMATE INITIATIVE:

The Oil and Gas Climate Initiative aims to increase the ambition, speed and scale of the initiatives undertaken by its individual companies to help reduce manmade greenhouse gas emissions, in particular from the production and use of oil and gas in power, heating, industry and transport. Its USD $1+ billion-dollar investment arm, OGCI Climate Investments, supports the development, deployment and scale-up of low emissions technology and business models. Launched in 2014, OGCI is now made up of 13 oil and gas companies: BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total.

To learn more about OGCI, please visit www.oilandgasclimateinitiative.com.

 

###

Media Contact:

E. OGCI@hkstrategies.com 

T. +44 (0)207 413 3008

 

 

 


EX-99.9 10 ex999.htm

Exhibit 99.9


Joint industry human rights supply chain engagement

 

New York City, USA, September 24, 2018 - BP, Equinor, Shell and Total CEOs announce that they have agreed to join forces to create a collaborative approach to human rights supplier assessments in the energy industry.

Participating companies recognise the importance of working with suppliers that respect human rights, in line with the UN Guiding Principles on Business and Human Rights, including the fundamental conventions of the International Labour Organization (ILO), and that care for their people.

The objective of this initiative is to create an industry framework for human rights supplier assessments. Results of conducted assessments will be shared with the participating companies through an independent third party. Work is currently ongoing to establish the assessment criteria and sharing mechanism.

The desired outcome is to make it easier and more efficient for suppliers to demonstrate how they respect human rights and care for their people. The sharing mechanism across the participating parties aims to support the improvement of working conditions in our companies’ supply chains.

As members of the UN Global Compact, BP, Equinor, Shell and Total, believe this initiative supports the objectives of Sustainable Development Goal 8, which is to “promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all”.

The initiative does not include collaboration on selection of suppliers, which continues to remain the independent decision of each participant.

The four initiators of this collaboration - BP, Equinor, Shell and Total - invite other companies in the industry to join.

1

 Press contacts:

         BP: +44 (0)20 7496 4076, bppress@bp.com

         Equinor: Erik Haaland, +47 95421770, erhaa@equinor.com

         Shell: +31 70 3778250, media-nl@shell.com

         Total : +33 1 47 44 46 99, @TotalPress, presse@total.com

 

About BP:

BP is a global energy business, with operations in more than 70 countries. We explore for and produce oil and gas, manufacture and market fuels, lubricants and petrochemicals, and have interests in a range of lower carbon activities. BP employs over 74,000 people around the world, has more than 18,000 retail sites worldwide and in 2017 produced an average of 3.6 million barrels of oil equivalent oil and gas a day.

About Equinor:

Equinor is an international energy company present in more than 30 countries worldwide, including several of the world’s most important oil and gas provinces. Founded in 1972 under the name Den Norske Stats Oljeselskap AS—Statoil (the Norwegian State Oil company), we changed our name to Equinor in 2018. Our headquarters are in Stavanger, Norway, and we have over 20,000 employees.

About Royal Dutch Shell plc:

Royal Dutch Shell Plc is a global group of energy and petrochemical companies with an average of 86,000 employees in more than 70 countries. We use advanced technologies and take an innovative approach to help build a sustainable energy future. For further information, visit www.shell.com

About Total:

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

 

***

 

 

 

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

EX-99.10 11 ex9910.htm

Exhibit 99.10

   

Press Release

 

 

United States: Bayport Polymers
to Double Polyethylene Capacity

Total, Borealis and NOVA Chemicals Take Final Investment Decision for New Unit

                                                                                                   

Paris/Vienna/Calgary/Bayport, September 25, 2018 — Bayport Polymers, LLC (“Bayport Polymers”) - a 50/50 joint venture owned by Total S.A. (“Total”) and Novealis Holdings LLC, itself a joint venture of Borealis AG (“Borealis”) and NOVA Chemicals Inc. (“NOVA Chemicals”) - announces the final investment decision to build a 625,000-ton-per-year polyethylene unit at its production site in Bayport, Texas.

The new unit will use Borstar® technology and more than double the site’s polyethylene capacity to 1.1 Mt/y with a start-up scheduled in 2021. The contract for the engineering, procurement and construction of the new unit has been awarded to McDermott and is expected to employ 1,750 staff during peak activity.

Formed in May 2018, Bayport Polymers is currently building a one-million-tonne per year steam cracker in Port Arthur, Texas. This cracker will process ethane, which is abundantly available and competitively priced in the U.S. and will supply Bayport polyethylene units.

“The power of this partnership between Total, Borealis and NOVA Chemicals will enable us to become one of the largest players in the North American polyethylene market,” said Bayport Polymers President Diane Chamberlain. “The Borstar technology, which will be used for the first time in North America, will allow us to better serve our customers with an increased range of high-value-added products.”  

“The project is in line with our strategy to develop petrochemicals at our major integrated complexes and leverage competitively priced feedstocks,” said Bernard Pinatel, President Refining & Chemicals of Total. “It’s another step to strengthen our position in the United States, where we have more than 5,000 employees and where we operate one of our 6 world largest integrated platforms in Port Arthur, Texas.”

“This final investment decision is a major milestone in the development of this exciting partnership, and a significant step in the global market presence of our unique Borstar technology,” explained Borealis Chief Executive Alfred Stern.

“Partnering with Total and Borealis and bringing Borstar® technology to North America will allow us to better serve our customers throughout the Americas by delivering a broader slate of products that help make everyday life healthier, easier and safer,” stated NOVA Chemicals CEO, Todd Karran.

1

About Bayport Polymers

Bayport Polymers is a joint venture 50% owned by Total and 50% owned by Novealis Holdings (a joint venture between Borealis and NOVA Chemicals). The JV is the translation of the growth ambitions of each of the partners. It combines a 400,000-ton-per-year polyethylene plant previously owned by Total in Bayport, Texas, with the Borealis proprietary Borstar® technology and NOVA Chemicals’ deep customer and technical expertise in polyethylene to deliver a broad range of products to help meet the growing global demand for plastic products. It also includes an ethane-based steam cracker with a capacity of 1 million tons per year - currently under construction in Port Arthur, Texas - and a new 625,000-ton-per-year Borstar polyethylene unit to be built in Bayport, Texas.

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. www.total.com

About Borealis

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With its head office in Vienna, Austria, the company currently has around 6,600 employees and operates in over 120 countries. Borealis generated EUR 7.5 billion in sales revenue and a net profit of EUR 1,095 million in 2017. Mubadala, through its holding company, owns 64% of the company, with the remaining 36% belonging to Austria-based OMV, an integrated, international oil and gas company. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC). www.borealisgroup.com

Borstar is a registered trademark of the Borealis Group.

About NOVA Chemicals

NOVA Chemicals develops and manufactures chemicals and plastic resins that make everyday life safer, healthier and easier. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to sustainability and Responsible Care®.  NOVA Chemicals, headquartered in Calgary, Alberta, Canada, is wholly-owned, ultimately by Mubadala Investment Company of the Emirate of Abu Dhabi, United Arab Emirates. www.novachem.com

NOVA Chemicals' logo is a registered trademark of NOVA Brands Ltd.; authorized use.
Responsible Care® is a registered trademark of the Chemistry Industry Association of Canada.

* * * * *

2

 

For further information please contact:

 

Bayport Polymers, LLC

Gary Cambre, Communications, Bayport Polymers, LLC

Gary.cambre@bay-pol.com

Total 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

 

Investor Relations: +44 (0)207 719 7962 l ir@total.com

 

NOVA Chemicals

Media Relations: Jennifer Nanz, Corporate Communications Leader Jennifer.Nanz@Novachem.com


Investors Relations: Patty Masry,
Financial Reporting & Investor Relations Manager

Patty.Masry@Novachem.com

 

Borealis

Media Relations: Patrick Laureys, Senior External Communications Manager

Patrick.Laureys@Borealisgroup.com

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

 

EX-99.11 12 ex9911.htm

Exhibit 99.11

Adobe Systems

Press Release

 

North Sea: Total increases its share in the Danish Underground Consortium

 

Paris, 25 September 2018 - Total has agreed to purchase from Chevron all the share capital of Chevron Denmark Inc. which holds a 12% interest in the Danish Underground Consortium (DUC), a 12% interest in Licence 8/06, and a 7.5% interest in the Tyra West pipeline. The transaction remains subject to approval of partners and the relevant authorities.

The acquisition will increase Total’s operated share of DUC from 31.2% to 43.2%, the other partners of the consortium are Shell (36.8%) and Nordsofonden (20%, owned by the Danish State).

“Following the completion of the Maersk Oil acquisition, this deal is a great opportunity to further expand our presence on the Danish Shelf and increase our interest in an asset operated by Total. We will further benefit from the ongoing redevelopment of the Tyra field,” explains Michael Borrell, Senior Vice President, North Sea and Russia. ”This new transaction demonstrates our commitment to the development of the DUC and to the expansion of Total’s presence in Denmark.

Danish Underground Consortium

The consortium, which started production in 1972, currently operates 15 fields, all located in the Central Graben sector of the North Sea. It covers nearly 90% of the Danish oil and gas production. In 2017 the production averaged 182,000 barrels of oil equivalent per day (boe/d).

The start-up of the Tyra gas field after redevelopment, sanctioned by the DUC partners in December 2017, is planned in 2022. It will enable a production capacity of 60,000 boe/d.

 

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

1

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

EX-99.12 13 ex9912.htm

Exhibit 99.12

Adobe Systems

Press Release

 

 

2018 Strategy and Outlook Presentation

 

New York, September 25, 2018 - Patrick Pouyanné, Chairman and CEO, and Patrick de La Chevardière, CFO, will today present Total’s Strategy & Outlook to the financial community in New York. The presentation slides and webcast are available on total.com.

Key messages of the presentation include:

Consistently delivering

Over the past three years, Total has demonstrated a track record of delivering on its objectives including production growth, cost reduction, capital discipline, and asset sales. The downstream business continues to provide best in class profitability and robust cash generation. The result is a stronger company with a post-dividend breakeven lowered to 50 $/b, more than halved compared to 2014.

Going forward, Total reaffirms its strong position with:

         Outstanding production growth of 6-7% per year from 2017 to 2020,

         15-17 B$ per year of capital investment over the same period, and

         An Opex reduction target of 5 B$ per year by 2020 compared to the 2014 base, increased from 3.7 B$ in 2017

Creating value through the cycle

Total has taken advantage of the cycle since 2015 to acquire, at a cost of less than 2.5 $/boe, more than 7 billion boe of low breakeven resources, representing 25% of the Upstream portfolio, significantly high-grading the asset base.

Total is now seizing the favorable cost environment to sanction both major projects and short-cycle opportunities. The upgraded portfolio has a rich pipeline of major projects to be sanctioned by 2020 that will add more than 700 kboe/d of production, thus contributing to a 5% average growth from 2017 to 2022. In addition, the Group has a number of short-cycle projects such as deepwater tie-backs and infill drilling which can be developed at a cost of less than 7 $/boe and offer high returns and quick payback.

Building a responsible energy company on core strengths and growing markets

Total integrates climate issues into its strategy and takes into account anticipated market trends. As such the Group will focus on low breakeven oil projects, expand along the full gas value chain and develop a profitable low carbon electricity business. To better represent this to the market, the Group will update its reporting structure from 2019 with the creation of a new segment called Integrated Gas, Renewables and Power (iGRP). This segment will

1

consolidate the current Gas, Renewable and Power perimeter as well as the Upstream and Midstream LNG assets currently reported in Exploration & Production

In addition, the Group has released today the 3rd edition of its "Integrating Climate into our Strategy” report which includes a new Carbon Intensity Indicator. The Group’s objective is to reduce the carbon intensity of its energy sales by 15% from 2015 to 2030. Beyond 2030, it has the ambition to pursue its efforts or possibly to accelerate as new technologies become available and public policies are put in place and reach a reduction of around 25% to 35% by 2040.

 

Delivering shareholder return

The Group has clear visibility on cash flow growth to 2020, driven by project startups and recent acquisitions. At 60 $/b Brent, cash flow is expected to increase by 7 B$ from 2017 to 2020 and return on equity to increase to 12%. 

Total is implementing the shareholder return policy announced in February:

         The 2018 interim dividends have been increased by up 3.2%, in line with an increase of 10% by 2020,

         The Group is buying back in 2018 1.5 B$ of shares as part of the 5 B$ program from 2018-20

 

Total is confident that its clear strategy and solid execution will continue to deliver peer leading shareholder returns for investors.

***

Following the Strategy & Outlook presentation, there will be a series of Business Unit Presentations made by members of the Executive Committee and other Senior Executives:

Deepwater: A profitable source of growth
Arnaud Breuillac, President, Exploration & Production

Growing in the LNG integrated value chain
Laurent Vivier, Senior Vice-President, Gas

Expanding Petrochemicals
Bernard Pinatel, President, Refining & Chemicals

Marketing & Services of the future
Momar Nguer, President, Marketing & Services

Leveraging new technologies
Marie-Noëlle Semeria, Senior Vice-President, Research & Development

Integrating climate into our strategy
Philippe Sauquet, President, Gas, Renewables & Power, President Strategy-Innovation

2

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

 

 

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. 

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as resources, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at TOTAL S.A. - Tour Coupole - 2, place Jean Millier - Arche Nord Coupole/Regnault - 92078 Paris La Défense Cedex - France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC's website: www.sec.gov. 

EX-99.13 14 ex9913.htm

Exhibit 99.13

Adobe Systems

 

Disclosure of Transactions in Own Shares

Paris, September 27th, 2018 - In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on June 1st, 2018 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from September 20th, 2018 to September 26th, 2018:

 

Transaction date

Total daily volume (number of shares)

Daily weighted average purchase price of the shares (EUR/share)

Amount of transactions (EUR)

Market (MIC Code)

25.09.2018

490,355

55.5375

27,233,091

XPAR

25.09.2018

135,000

55.5314

7,496,739

CHIX

25.09.2018

50,000

55.5294

2,776,470

TRQX

25.09.2018

170,000

55.5291

9,439,947

BATE

26.09.2018

540,000

55.4466

29,941,164

XPAR

26.09.2018

140,000

55.4526

7,763,364

CHIX

26.09.2018

55,000

55.4452

3,049,486

TRQX

26.09.2018

240,000

55.4391

13,305,384

BATE

Total

1,820,355

55.4868

101,005,645

 

 

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions

About Total

Total is a global integrated energy producer and provider, a leading international oil and gas company, a major player in low-carbon energies. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits.

 

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Total contacts

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

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