Things are looking up for Total, as the French supermajor brings investments in upstream activities into production.
On Saturday Barron’s, an influential American financial magazine, revealed that Total’s stock performance via American depositary receipts has already increased 8% in 2012, outperforming US domestic giants ExxonMobil and Chevron.
The company has also paid handsome dividends of 5.4%, which outstrip rivals BP, Exxon and Shell, though may be dented by future capex plans.
Total plans to increase group-wide production by 2.5% per year through to 2015, and has committed 75% of its $20 billion capex for 2012 upstream. Upstream operations, including exploration and development of oil, gas and LNG projects, contributed 85% of last year’s $17 billion in net operating income.
