Relationships with institutional investors and financial analysts

Members of the Group’s General Management regularly meet with institutional investors and financial analysts in the leading financial centers throughout the world. 

Each year, on the occasion of the publication of the results for the previous fiscal year, a presentation is held for the financial community. On February 12, 2015, members of the Group’s Executive Committee presented TOTAL’s results for fiscal year 2014 and outlook for 2015 to institutional investors and financial analysts. A first series of meetings is held annually in the first quarter, after this presentation. A second series of meetings is held during the third quarter following the presentation of the Group’s outlook and objectives. Material used during meetings is available on the Group’s website (, under the “investors / institutional investors / presentations” heading).

Furthermore, each year, three conference calls are held by the Group’s Chief Financial Officer to discuss results for the first, second and third quarters of the year. This year, a conference call was held by the Chief Executive Officer and the Chief Financial Officer to discuss the third-quarter results. These conferences are available on the Group’s website (, under the “institutional investors / results” heading).

In 2014, the Group held some 600 meetings with institutional investors and financial analysts. 

The Group maintains an active dialogue with shareholders in the field of Corporate Social Responsibility (CSR). With a team dedicated to CSR, the Investor Relations Department pursues an ongoing dialogue with investors and non-financial analysts on a range of issues (health and safety, ethics and human rights, governance, environment, climate change and future energies, contribution to the development of local communities, stakeholder dialogue, etc.). Meetings devoted specifically to these issues are organized in France and worldwide, with more than sixty one-on-one meetings held in 2014.

In November 2014, the Group organized a CSR field trip to Angola for the analyst and investor community. The objective was to show how TOTAL’s CSR commitments – safety, environment, value shared with local populations – are integrated into its day-to-day operations. Through site visits and discussions with operational and managerial teams, the participants were able to better understand the Group’s deep offshore activities, and to assess on the ground its operational excellence and risk management. 

A chapter of the Registration Document is dedicated to social and environmental information (see Chapter "Social and envronmental informaiton"). TOTAL also publishes a CSR report every year at the time of the Shareholders’ Meeting.