Total reports Q2 adjusted EPS $1.38, consensus $1.44 Reports Q2 hydrocarbon production 2,054 kboe/d. Reports Q2 asset sales $201M. Total said, "The sale of Usan was not completed with Sinopec. The Group is actively pursuing the sale process for this asset."
BP upgraded to Neutral on reduced Russia risk at JPMorgan JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.