Brief: Esso Q1 Revenue Down At EUR 3.12 Billion

North Atlantic Energies SA

14/05/2021 08:15

May 14 (Reuters) - Esso Societe Anonyme Francaise SA
 ESSF.PA :
    * Q1 REVENUE EUR 3.12 BILLION VERSUS EUR 3.21 BILLION YEAR
AGO
    * WILL CONTINUE IN 2021 COST REDUCTION EFFORTS ALREADY
INITIATED
IN 2020 TO SAFEGUARD ITS COMPETITIVENESS
    * Q1  CRUDE OIL PROCESSED IN REFINERY  3.5 MILLION TONNES
VERSUS
3.9 MILLION TONNES IN Q4 2020
    * REORGANISATION PROJECT (ANNOUNCED IN OCTOBER 2020) WILL BE
COMPLETED BY THE END OF 2021
    * IN Q1 THE AVERAGE PRICE OF A BARREL OF BRENT CRUDE OIL
STANDS AT
$60, UP 36% FROM THE FOURTH QUARTER OF 2020
    * AT THE END OF MARCH 2021, THE GROUP'S NET FINANCIAL
POSITION IS
POSITIVE FOR AN AMOUNT OF 3 MILLION EUROS VERSUS NEGATIVE NET
FINANCIAL POSITION OF 19 MILLION EUROS AT 31 DECEMBER 2020

Source text for Eikon:  ID:nNDL995JwJ 
Further company coverage:  ESSF.PA 

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