Oil giant in total darkness maintains dividend

French oil giant Total takes a net loss of USD 8.3 billion for Q2 and is forced to book massive impairments. The company maintains its shareholder dividend, however.

Photo: Regis Duvignau/Reuters/Ritzau Scanpix

by MATHIAS JULIUS FALKENGAARD

The second quarter of 2020 was extraordinarily challenging for the vast majority of companies but was particularly tough on global oil firms.

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Total books gigantic impairment in Q2
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