Capital Expenditures And Shareholder ValueEuropean Big Oils invest a larger portion of their capital expenditures on low-carbon growth, which leaves less free cash flow available for shareholder distributions compared to their US counterparts.
Earnings Performance And Dividend RiskPrice fluctuations in oil and gas markets and exposure to Russian assets, leading to significant writedowns, pose risks to Total's earnings performance and dividend payout.
Market Risks And AssociationsKey risks for Total include price fluctuations in oil and gas, exposure to Russian assets, and the potential impact of associations with India's controversial Adani Group.