Total Raises 2018 Production Target to 8%

The video discusses Total's strategic advantage in the oil market, highlighting its acquisitions during downturns and cost-cutting measures that have led to increased cash flow. It compares Total's approach with other major oil companies, noting Exxon's deviation in CapEx strategy. The video also explores investor sentiment, emphasizing the importance of capital discipline and the trust issues arising from past overspending when oil prices rose.

What is one of the main benefits for large oil companies when oil prices are high?

• They can take advantage of strategic acquisitions.

• They can increase their production costs.

• They can lower their production targets.

• They can reduce their workforce.

What is the common strategy among major oil companies regarding CapEx budgets?

• Maintaining CapEx budgets at current levels.

• Reducing CapEx budgets to zero.

• Increasing CapEx budgets significantly.

• Eliminating CapEx budgets entirely.

Which company is an exception to the common CapEx strategy among major oil companies?

• Chevron

• BP

• Exxon

• Shell

Why are investors cautious about oil companies despite rising crude prices?

• They fear companies will not maintain capital discipline.

• They expect a decrease in oil demand.

• They believe oil prices will fall soon.

• They think companies will increase dividends.

What past mistake are investors worried oil companies might repeat?

• Overspending and eroding shareholder value.

• Reducing production during high prices.

• Lowering oil prices intentionally.

• Increasing workforce during downturns.