TOTAL CAN RESIST
French oil major Total SA is well placed to weather the recent oil-price volatility, with new production scheduled to come on stream over the next two years set to bolster the company, its new Chief Executive Patrick Pouyanné told a London industry conference Thursday.
"If one company is well positioned to resist the volatility, we are the one," said Mr. Pouyanné, speaking a week after his appointment following the sudden death of predecessor Christophe de Margerie in an airplane accident last week. Mr. Pouyanné, a Total veteran, was given a standing ovation by delegates at the Oil and Money conference after paying tribute to Mr. de Margerie.
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