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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