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TOTAL S.A. (TOT) CEO Patrick Pouyanne on Q1 2020 Results - Earnings Call Transcript

May 05, 2020 8:21 PM ETTotalEnergies SE (TTE) Stock, TTFNF Stock
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TOTAL S.A. (TOT) Q1 2020 Earnings Conference Call May 5, 2020 9:30 AM ET

Company Participants

Patrick Pouyanne - Chairman, President and CEO

Jean-Pierre Sbraire - CFO

Conference Call Participants

Michele Della Vigna - Goldman Sachs

Jon Rigby - UBS

Irene Himona - Société Générale

Biraj Borkhataria - RBC

Lydia Rainforth - Barclays

Christyan Malek - JPMorgan

Martijn Rats - Morgan Stanley

Oswald Clint - Bernstein

Thomas Adolff - Credit Suisse

Bertrand Hodee - Kepler Cheuvreux

Christopher Kuplent - Bank of America

Lucas Herrmann - Exane

Anish Kapadia - Palissy Advisors


Ladies and gentlemen, thank you for standing by and welcome to the Total Q1 2020 Results Conference Call. At this time, all participants are in a listen only mode. Today, there will be two presentations. Total's first quarter results, and 2020 action plan update followed by a question-and-answer session. Then a presentation on Total's climate ambition, followed by another question-and-answer session. [Operator Instructions] I must advise you that this conference is being recorded today.

And I would now like to hand the conference over to Mr. Patrick Pouyanne, Chairman and CEO of Total. Please go ahead, sir.

Patrick Pouyanne

Good afternoon, everybody.

Welcome to our Q1 conference call, and let me start by saying that I hope that all of you and your families are safe in front of this pandemic, which is COVID-19 and that you are coping well in these extraordinary times.

I really think that the word, extraordinary is the right word to literally sense, I would say, as none of us never thought we could experience such macro environment, such an oil price crisis at the same time. So we have a lot of ground to cover this afternoon for this call. So it's why I joined Jean-Pierre, not to leave him alone and to cover virus crisis that we are

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