Q1 2021 Total SE Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Total First Quarter 2021 Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today. I would now like to hand the conference over to Mr. Jean-Pierre Sbraire, CFO of Total. Please go ahead, sir.
Thank you very much, and hello, everyone. So we began the year with a strong set of first quarter results that demonstrate total ability to fully leverage the upside of an improving environment. While Brent was up by 22% compared to Q1 '20, Total first quarter 2021 adjusted net income jumped by about 70% to $3 billion or $1.1 per share. We are back on track, and this $3 billion of adjusted net income is actually above the level of the precrisis first quarter 2019 despite a less favorable environment this year, benefiting from the action plan delivered in 2020. Debt adjusted cash flow was very strong at $5.8 billion, up by 1/3 compared to a year ago. And gearing, one of our key metrics, was brought
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
