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Total: exceeds expectations in Q3.

(CercleFinance.com) - Total has published a Q3 adjusted net income of 2.
7 billion euros, up 29% y-o-y, or 1.04 dollar per share, while the consensus was expecting less, at just 87 euro cents.

Adjusted net operating income from exploration-production was up 84%, particularly benefiting from an increase in production, which amounted to nearly 6%, to 2,581 kboe/d, while the price of Brent only rose 14%.

Patrick Pouyanné, group chairmain and CEO pointed out that downstream has benefited from favourable margins and reported an 18% increase in earnings compared to Q2, despite the impact of hurricane Harvey on US operations.

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