TOTAL S.A. CEO Says Company Needs to Reduce OPEX, Control CAPEX
TOTAL S.A. CEO Christophe de Margerie says his firm must see CAPEX increasing, but also be responsible to consumers and shareholders by controlling costs.
TOTAL S.A. CEO Christophe de Margerie tells TheStreet's Joe Deaux the company needs to reduce its operating expenses and control its capital expenditures. de Margerie says his firm must see CAPEX increasing, but also be responsible to consumers and shareholders by controlling costs. One of the challenges TOTAL faces in 2014 and beyond is to handle cost inflation. TOTAL embarked on new projects in 2013, including offshore exploration in South Africa and Brazil.
