Total: savings plan against the crisis
(CercleFinance.com) - Against a backdrop of oil prices that are currently around 30 dollars per barrel, Total has announced an action plan comprising organic Capex savings of over 3 billion dollars, or more than 20%.
The plan also provides for savings of 800 million dollars in 2020, on operating costs compared to 2019, instead of the 300 million dollars previously announced, as well as a suspension of its share repurchase program.
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The plan also provides for savings of 800 million dollars in 2020, on operating costs compared to 2019, instead of the 300 million dollars previously announced, as well as a suspension of its share repurchase program.
Copyright (c) 2020 CercleFinance.com. All rights reserved.