Market Overview

Total Q3 Profit Rises 20%

Related TOT
Citi Upgrades Big Oil: How To Win
Citi Upgrades Big Oil Group, Says Current Valuation Discounts Modest Recovery & Offers Appealing Risk/Reward
Total Energy Services Inc. Announces Receipt of CRA Notices of Reassessment (GuruFocus)

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


Related Articles (TOT)

Get Benzinga's Newsletters