Total SA (TOT) announced that 2009 capital expenditure is within budget of $18 billion. Cash flow for 2010 is benefiting from start-ups and cost reduction.
Total said that as of on June 30, 2009, it had $20 billion of cash. The company also said it has ample flexibility to manage its net debt. Cash breakeven was around $60 a barrel of oil equivalent in the first half of 2009. The company reported Ongoing Sanofi divestment of $1.4 billion in the first half of 2009.
The company announced a 2009 interim dividend of EUR 1.14 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.