French oil and gas company Total reported an increase in net profit in the third quarter by 45% compared to the same quarter of last year to 3 billion 957 million dollars, which was promoted by the increase in oil prices. Adjusted profit was 3 billion 958 million dollars, an increase of 48%. Experts had expected a less significant growth rate – up to 3 billion 890 million dollars. Revenues reached 54 billion 717 million dollars, its growth was 27%. Production volume grew by 9% over the quarter, and over 9 months of the year – by 8%. From the beginning of the year to September, the company increased its net profit by 36% to 10 billion 314 million dollars.
Europe Inc’s profit becomes worse in 2020, the effect of Coronavirus24.02.2020
Buffett’s Berkshire regains rising stocks, smashes old record profit18.02.2020
HSBC reports 2019 annual profit, falls 33% short of forecasts04.02.2020
Tesla surges 20%, gets boost from Panasonic’s quarterly profit increase