Total's profit deflates

The French oil and gas supermajor now expects to cut costs worth a total of USD 4.7 billion this year and highlights a fine beginning for its Maersk Oil acquisitions – both of which are presented as positive aspects in another wise weak quarter.

BY VIKTOR BRANDT KÆRGAARD

This autumn has in a general sense been a weak period for oil companies, and French oil and gas supermajor Total is no exception.

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Total seeks dialog with Danish politicians
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Big oil investors bracing for bad news as headwinds gather
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Total mulls offshore wind acquisitions
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