www.forbes.com/sites/greatspeculations/...world/#1393419b416e
...Total is still primarily an oil and gas producer. And despite the rebound in global oil prices, Q2 results are likely to be worse than Q1, which saw hits of 35 percent and 31 percent to income and cash flow, respectively.
Integrated Gas, Renewables & Power (iGRP) returns coupled with low debt and $1 billion in new operating cost cuts will offset much of the expected shortfalls at refining and E&P operations. And that backs the company’s dividend, which management most recently affirmed during the Q1 earnings call. ...