Q3 2020 Total SE Earnings Call Transcript
Ladies and gentlemen, thank you for standing by, and welcome to the Total Third Quarter 2020 Results Conference Call hosted by Jean-Pierre Sbraire. (Operator Instructions) I must advise you that this conference is being recorded today.
And I would now like to hand the conference over to Jean-Pierre Sbraire, Chief Financial Officer of Total. Please go ahead, sir.
Thank you. Good morning or good afternoon. Let me start by saying I hope that you are all doing well and keeping safe, even more as we have entered the second wave of the COVID-19 pandemic in Europe and are not yet over with the first wave in the United States.
So let's move to the results. So Total reported third quarter results that reflects the resilience of the portfolio and demonstrates, again, the group's ability to capture the benefits of improving oil prices and market conditions. Adjusted net income rose to $848 million or $0.29 per share. Debt-adjusted cash flow, DACF, increased to $4.3 billion. Leveraging strict capital
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