Total profit jumps on higher oil prices

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Friday 29 October 2010 5:56 am Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Total profit jumps on higher oil prices French oil company Total posted a 54 per cent profit rise as higher oil and gas prices and strong refining margins lifted industry earnings worldwide.Total said net income, excluding unrealised gains related to changes in the value of inventories, was 2.875bn euros in the third quarter, boosted by gains from selling oil fields.Stripping out one-offs, the result was up 32 per cent and in line with analysts’ average forecastsOil prices were around 12 per cent higher in the quarter compared to the same period last year, while the price of gas from the North Sea, where Total is a major player, rose sharply.Total’s oil and gas production increased 4.3 per cent to 2.34m barrels of oil equivalent per day over the period, powered by higher gas output, as crude production fell.Total said it would start paying dividends on a quarterly basis, rather than half-yearly. center_img Show Comments ▼ Share whatsapp John Dunne Tags: NULLlast_img read more

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