Total’s Q4 adjusted profits up 23%, Total

Release Date: 2011-02-16

French oil giant Total SA adjusted profits in Q4 matched analysts expectations and surged to €2.56 billion (U$3,45 b) from €2.08 billion (U$2,81) in the same period a year ago.

In a statement chief executive officer Christophe de Margerie explained : “The increase in the 2010 results reflects the improvement in the group’s performance, with notably production growth of more than 4% compared to 2009 and a strong rebound in chemicals.”
Total should pay a dividend of euro 2.23 per share (U$3.01) for 2010. Margorie also confirmed a U$20 billion investment plan for 2011
French oil giant Total SA adjusted profits in Q4 matched analysts expectations and surged to €2.56 billion (U$3,45 b) from €2.08 billion (U$2,81) in the same period a year ago.

In a statement chief executive officer Christophe de Margerie explained : “The increase in the 2010 results reflects the improvement in the group’s performance, with notably production growth of more than 4% compared to 2009 and a strong rebound in chemicals.”
Total should pay a dividend of euro 2.23 per share (U$3.01) for 2010. Margorie also confirmed a U$20 billion investment plan for 2011
Type: NORMAL
Company: Total
Country: France
 
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