道达尔勘探生产支出削减逾25亿美元

为了缓解近期油价暴跌的影响，法国石油巨头道达尔公布了2020年资本支出削减30多亿美元的计划，与2019年相比，将节省约8亿美元的运营成本。道达尔还将暂停回购计划。

3月19日，道达尔董事长兼首席执行官Patrick Pouyanne向集团员工发表演讲，动员他们面对未来的挑战。

他回顾了该集团团队在2015-2016年石油危机期间表现出的韧性，以及该集团战略的两大支柱，即股息前低于25美元/桶的有机盈亏平衡，以及面对这种高波动性的低杠杆率。

在油价接近每桶30美元的情况下，他宣布了一项将立即实施的行动计划。该计划基于三个方向。

首先是削减超过30亿美元的资本支出，即超过20%，将2020年的净投资减少到150亿美元以下。这些节省主要以短期灵活资本支出的形式出现，可以在很短的时间内通过合同进行套利。

值得注意的是，在计划削减的33亿美元资本支出中，约有25亿美元将用于勘探和生产业务，5亿美元将用于下游业务。

第二个方向是2020年运营成本比2019年节省8亿美元，而不是之前宣布的3亿美元。

最后一个方向是暂停回购计划——该公司宣布在2020年回购20亿美元，回购价格为60美元/桶；公司在前两个月回购了5.5亿美元。

裘寅 编译自 离岸能源

原文如下：

Total to slash over $2.5 billion from E&P business as oil crisis bites

In an effort to alleviate the concequences of the recent oil price plunge, French oil major Total has revealed its plan to reduce the capex for 2020 by more than $3 billion and save about $800 million in operating costs compared to 2019. Total will also suspend its buyback program.

Patrick Pouyanné, Chairman & CEO of Total, addressed the group’s employees on March 19 to mobilize them in the face of the challenges ahead.

He recalled the resilience that the group’s teams demonstrated during the 2015-16 oil crisis as well as the two pillars of the group’s strategy which are the organic pre-dividend breakeven of less than $25/b and the low gearing to face this high volatility.

In a context of oil prices on the order of $30 per barrel, he announced an action plan to be implemented immediately. The plan was based on three axes.

The first one is organic capex cuts of more than $3 billion, ie. more than 20%, reducing 2020 net investments to less than $15 billion. These savings are mainly in the form of short-cycle flexible capex, which can be arbitrated contractually over a very short time period.

It is worth noting that, out of the planned $3.3 billion capex cut, about $2.5 billion will be cut in the Exploration & Production (E&P) business while $500 million will be cut in the Downstream sector.

The second axis is $800 million of savings in 2020 on operating costs compared to 2019, instead of the $300 million previously announced.

The final one is suspension of the buyback program – the company announced a $2 billion buyback for 2020 in a 60 $/b environment; it bought back $550 million in the first two months.