French oil major Total’s Q2 profits jump on new record output

Girgijen Labarai July 26, 2018

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Reuters

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1532585392720100400

Thu, 2018-07-26 06:03

PARIS: Oil and gas major Total reported better-than-expected results in the second quarter thanks to new record oil production and high oil prices, which enabled it to raise its output and savings targets for 2018.
The French group said second quarter adjusted net profit soared 44 percent to $3.6 billion, compared with analysts’ estimates of $3.4 billion.