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TOTAL (TOT) Ships 1st Carbon Neutral LNG Cargo, Cuts Emission
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TOTAL SE announced that it has shipped its first carbon neutral liquefied natural gas (LNG - Free Report) cargo to the Chinese National Offshore Oil Corporation. The loading operation was carried out at the Ichthys liquefaction plant in Australia.
The carbon footprint of the LNG shipment was offset with verified carbon standards emissions certificates financing the Hebei Guyuan Wind Power Project and Kariba REDD+ Forest Protection Project. These projects are aimed at protecting the environment.
LNG’s Role in TOTAL’s Carbon Neutrality Goal
Natural gas’ clean burning nature is making it an important choice for global energy transition toward emission-less power generation. As it is not possible to export large volumes of natural gas across continents, the export of LNG is rising globally.
Per the LNG outlook of Royal Dutch Shell PLC , global demand for the commodity will increase in the range of 4-5% in the 2015-2030 time period. TOTAL aims to increase LNG production and targets an overall portfolio of nearly 50 million tons per annum by 2025.
TOTAL, with widespread assets across the globe, is steadily expanding global LNG operation. Acquisitions, tie-ups and the commencement of organic LNG projects are helping TOTAL to strengthen position in the global LNG market.
Since emission reduction is a key concern among countries across the globe, global demand for LNG is rising very steadily and its market is becoming highly competitive. Companies like Cheniere Energy (LNG - Free Report) and PetroChina Company , among others, have strong presence in the LNG space.
Long-Term Goal
TOTAL reaffirms the net-zero emission target for 2050 and has plans to invest in the range of $1.5-$2 billion annually in low-carbon electricity generation to achieve long-term goal.
By 2050-end, it expects 40% sales to be generated from the renewable power generation business. The company predicts renewables and electricity to deliver a cash flow of more than $1.5 billion per year by 2025.
Price Performance
In the past six months, TOTAL’s shares have outperformed the industry.
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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TOTAL (TOT) Ships 1st Carbon Neutral LNG Cargo, Cuts Emission
TOTAL SE announced that it has shipped its first carbon neutral liquefied natural gas (LNG - Free Report) cargo to the Chinese National Offshore Oil Corporation. The loading operation was carried out at the Ichthys liquefaction plant in Australia.
The carbon footprint of the LNG shipment was offset with verified carbon standards emissions certificates financing the Hebei Guyuan Wind Power Project and Kariba REDD+ Forest Protection Project. These projects are aimed at protecting the environment.
LNG’s Role in TOTAL’s Carbon Neutrality Goal
Natural gas’ clean burning nature is making it an important choice for global energy transition toward emission-less power generation. As it is not possible to export large volumes of natural gas across continents, the export of LNG is rising globally.
Per the LNG outlook of Royal Dutch Shell PLC , global demand for the commodity will increase in the range of 4-5% in the 2015-2030 time period. TOTAL aims to increase LNG production and targets an overall portfolio of nearly 50 million tons per annum by 2025.
TOTAL, with widespread assets across the globe, is steadily expanding global LNG operation. Acquisitions, tie-ups and the commencement of organic LNG projects are helping TOTAL to strengthen position in the global LNG market.
Since emission reduction is a key concern among countries across the globe, global demand for LNG is rising very steadily and its market is becoming highly competitive. Companies like Cheniere Energy (LNG - Free Report) and PetroChina Company , among others, have strong presence in the LNG space.
Long-Term Goal
TOTAL reaffirms the net-zero emission target for 2050 and has plans to invest in the range of $1.5-$2 billion annually in low-carbon electricity generation to achieve long-term goal.
By 2050-end, it expects 40% sales to be generated from the renewable power generation business. The company predicts renewables and electricity to deliver a cash flow of more than $1.5 billion per year by 2025.
Price Performance
In the past six months, TOTAL’s shares have outperformed the industry.
Zacks Rank
TOTAL currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>