Total, Exxon team up to study carbon capture project in France

  • TotalEnergies (TTE) and Exxon Mobil (XOM) are among the companies that have signed up to study a potential carbon capture and storage project in France.
  • The group, which also includes Air Liquide (OTCPK:AIQUF), Borealis (OTCPK:BOREF) and Yara (OTCPK:YARIY), signed a memorandum of understanding to explore the development of CO2 infrastructure to help decarbonize the industrial basin located in France's Normandy region.
  • The group says its objective will be to cut CO2 emissions by up to 3M tons/year by 2030, or equivalent to the emissions of more than 1M passenger cars, with the first phase consisting of studying the project's technical and economical feasibility.
  • Separately, TotalEnergies says it is deepening its strategic partnership with Hyzon Motors, with the aim of making it easier for fleet owners to transition to renewable hydrogen fuel by combining their existing infrastructure and technology.
  • The companies say they will collaborate to develop ecosystems and seek to secure the production of 80 hydrogen fuel cell-powered trucks for TotalEnergies' French customers by 2023.
  • Total recently announced plans to provide Uber drivers in France with 20K electric vehicle charging points by the of this year.

    For this year Total Fina Elf 's revenue will be around 197.95 billion euros. This is according to the average of the analysts' estimates. This is rather significant more than 2021's revenue of 119.7 billion euros.

    Historical revenues and results Total Fina Elf plus estimates 2021


    The analysts expect for 2021 a net profit of 13.43 billion euros. According to most of the analysts the company will have a profit per share for this book year of 5 euros. The price/earnings-ratio is then 7.5.

    Huge dividend Total Fina Elf

    Per share the analysts anticipate on a dividend of 3.03 euros per share. The dividend yield is then 8.08 percent. The average dividend yield of the oil & gas producers is an attractive 3 percent.

    Most recent target prices around 42 euros

    The most recent recommendations for the oil & gas producer are from Berenberg, Independent Research and Deutsche Bank .

    Total Fina Elf 's market capitalization is based on the number of outstanding shares around 97 billion euros. 27

    Historical stock prices Total Fina Elf from 2007 till 2021

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