Q1 2019 Total SA Earnings Call Transcript
Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the Total First Quarter 2019 Results Call. (Operator Instructions) I must advise you that this conference is being recorded today, on Friday the 26th of April 2019.
And I would now like to hand the conference over to your host today, Patrick de La Chevardière, CFO of Total. Please go ahead, sir.
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Thank you. Patrick de la Chevardière here. Let's go straight to the results and then to the Q&A.
The environment has been volatile, starting the year weak but then gaining strength. And in this environment, we reported first quarter 2019 adjusted net income of $2.8 billion or $1.02 per share; debt adjusted cash flow of $6.5 billion, up 15% year-on-year; and very strong organic free cash flow of $3.2 billion, up 18% year-on-year, with a pre-dividend cash flow breakeven below $25 per barrel. We are in line with our February presentations and on track to grow cash flow over the coming quarter progressively as
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