TOTAL DOWN 13%
The French oil company reported adjusted net income of $3.08 billion, marking a 2.10% decline year-over-year (YoY). The company beat the consensus estimate of $2.67 billion for the quarter. It maintained a quarterly dividend per share of 0.61 euros.
Despite falling crude prices, Total managed to report a better result as its output for the quarter grew and cost cutting measures paid off. Crude oil prices have more than halved from their peaks last year. West Texas Intermediate (WTI) and Brent…
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