Total Gabon

First-Quarter 2020 Results

Regulatory News:

Total Gabon (Paris:EC):

Main Financial Indicators

 

 

Q1 20

 

Q1 19

Q1 20
vs
Q1 19

Average Brent price

$/b

50.1

63.1

-21%

Average Total Gabon crude price ⁽¹⁾

$/b

40.6

57.7

-30%

Crude oil production

from fields operated by Total Gabon

kb/d⁽²⁾

21.7

22.8

-5%

Crude oil production

from Total Gabon interests ⁽³⁾

kb/d

27.9

31.9

-13%

Sales volumes ⁽¹⁾

Mb⁽⁴⁾

2.34

2.52

-7%

Revenues ⁽⁵⁾

$M

113

164

-31%

Funds generated from operations ⁽⁶⁾

$M

55

83

-34%

Capital expenditure

$M

11

35

n/a

Net income

$M

(8)

10

n/a

1. Excluding profit oil reverting to the Gabonese Republic as per production sharing contracts.
2. kb/d: Thousand barrels per day
3. Including profit oil reverting to the Gabonese Republic as per production sharing contracts.
4. Mb: Million barrels.
5. Revenue from hydrocarbon sales and services (transportation, processing and storage), including profit oil reverting to the Gabonese Republic as per production sharing contracts.
6. Funds generated from operations are comprised of the operating cash flow, the gains or losses on disposals of assets and the working capital changes.