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Total Q3 Profit Rises 20%

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Total SA (NYSE: TOT) reported a 20% rise in its third-quarter profit.

Total's quarterly adjusted net profit surged to 3.35 billion euros, versus EUR2.80 billion, in the year-ago period. Its adjusted net profit in dollars rose 6% to $4.19 billion, from $3.96 billion. However, analysts were expecting a net profit of EUR3.08 billion.

Its output fell to 2.27 million barrels of oil equivalent a day in the quarter, from 2.32 million barrels of oil equivalent a day.

Total shares closed at $50.04 on Friday.

Posted-In: profitEarnings News

 

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