The Shareholders' Newsletter SN#64

Your questions


At Total, our priority is to keep you informed through listening and dialog on a daily basis. These questions are your questions.

Could the growing pressure on fossil energy producers impact Total share price?

Climate change is a major challenge for society as a whole. Total has therefore set itself a new ambition to get to Net Zero by 2050, together with society, for its global business. Total’s mission is to satisfy growing energy demand while decreasing emissions by diversifying its energy mix. With a clear‑cut and transparent strategy to become a broad energy company while offering a high‑yield dividend, Total is a compelling investment case supporting stock rerating. 

Is the divident likely to be paid in shares again?

A resolution must be voted and approved at the Annual Shareholders’ Meeting if the dividend is to be paid in new shares. At the Annual Shareholders’ Meeting on May 29, 2020, it was decided that only the remainder of the dividend for 2019 was to be paid in new shares. This means that all the quarterly interim dividends for 2020, paid up to the next Annual Shareholders’ Meeting in 2021, will be paid in cash only. Remember that the purpose of paying the dividend in shares is to limit cash outflow when the context does not lend itself to the payment of the dividend in cash. Given the resilience shown by the Group, the Board of Directors confirmed that the dividend is supported in a $40 per barrel environment. 

What proactive measures is Total taking for young people entering the labor market?

Total is committed to fostering the professional and social integration of young people in all locations where the Group is present, with assistance from educational and social players. In France for example, Total Foundation is creating Industreet, a campus specialized in the industry professions of tomorrow, located in Stains, Seine-Saint-Denis. The site is due to open in 2021 and will provide free tuition to 400 young people aged 18 - 25, with or without qualifications, to train them in fast-changing industrial professions experiencing shortages, and ultimately, help them enter the workforce. Total is also taking proactive initiatives as regards learning for young people, and has pledged to take on 1,600 young people on work/study contracts again this year. Another example: Total Foundation pledged a significant €60 million in financial support over 10 years to the French National Federation of Production Schools (FNEP). The aim is to have 100 Production Schools across France, providing professional training and qualifications to 4,000 young people aged 15 to 18 by 2028.

To learn more, visit the Total Foundation website