Total CFO: Lower Costs, Delays May Allow For Lower '09 Capex
May 06 2009 - 8:53AM
Dow Jones News
Lower costs and project delays may allow oil major Total SA
(TOT) to spend less than its planned 2009 capital expenditure
budget of $18 billion, Chief Financial Officer Patrick de la
Chevardiere said Wednesday.
However, there may be other opportunities for spending over the
year, he added, while speaking on a conference call to discuss the
company's first-quarter results.
-By Adam Mitchell, Dow Jones Newswires; +33 1 40171756;
adam.mitchell@dowjones.com