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According to Dow Jones on October 5, HSBC said that despite the recent surge in oil prices, French oil giant Total still plans to maintain operations
at a price of $50 per barrel.
Like many large oil and gas companies, Total intends to invest conservatively, using excess free cash flow to reduce debt rather than reinvesting
in new projects while oil prices soar.
Total is the first priority for the likely increase in cash income, although HSBC expects the company to raise its buyback target
by February.
According to Dow Jones on October 5, HSBC said that despite the recent surge in oil prices, French oil giant Total still plans to maintain operations
at a price of $50 per barrel.
Like many large oil and gas companies, Total intends to invest conservatively, using excess free cash flow to reduce debt rather than reinvesting
in new projects while oil prices soar.
Total is the first priority for the likely increase in cash income, although HSBC expects the company to raise its buyback target
by February.
