2016-07-29 18:35:00
TOTAL NET INCOME $3.7 BLN
TOTAL published their second quarter and first half 2016 results.
Chief Executive Officer Patrick Pouyanne said oil prices remained volatile, but Total had gained from a recovery in Brent crude from the start of the year when it went below $28 per barrel to average $46 per barrel in the second quarter.
Brent was down 10 cents at $43.37 per barrel by 0845 GMT on Thursday, steadying just above three-month lows on oversupply concerns.
"Total captured the benefit of this rebound, and adjusted net income rose to $2.2 billion in the second quarter 2016 (versus the first quarter), an increase of 33 percent compared to the first quarter," Pouyanne said in statement.
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Earlier:
TOTAL SELLS GAS PIPELINE: $907 MLN
