Total raises earnings by almost 50 percent

The integration of Maersk Oil's assets is starting to gain ground with the French oil major, now showing a net income in excess of USD 10 billion.
Photo: Bloomberg
Photo: Bloomberg

French Total is adding a massive sum to its net income for this year's third quarter. With 2.8 million barrels of oil equivalent per day, production is up by 8.6 percent relative to the same period last year, while adjusted net income increased with a whopping 48 percent to USD 4 billion after taxes. The oil major has thereby surpassed USD 10 billion in earnings for this year's first nine months.

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