Total’s $13 Billion Asset Sales Could Boost Dividend, CFO Says
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Total SA, Europe’s third-biggest oil company, said the $13 billion of asset sales it’s carried out to date as part of a divestment plan could translate into higher dividends.
“The asset sale program is going better than expected and this will give us additional flexibility to increase the return to shareholders and fund an intensive capex phase,” Chief Financial Officer Patrick de la Chevardiere said today on a conference call after the company reported earnings.