Total Q4 net profit slumps


Total's (TOT) Q4 net profit slumped 19% to €2.47B ($3.37B) and missed consensus of €2.59B, hurt by a slight fall in output, the weaker dollar, poor results at the oil company's refining operations, and delays at important oil fields such as Kazakhstan's Kashagan.

Revenue -4% to €47.75B.

Production 2.28M barrels of oil equivalent a day vs 2.29M.

Total reiterated its 2015 production goal of 2.6M barrels of oil equivalent a day and the potential for 3M in 2017.

Shares +1% in Paris. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs