Total: Q1 earnings down 7%
(CercleFinance.com) - Total has published Q1 2018 net income group share that is down 7% y-o-y, at 2,636 million dollars.
However, adjusted net operating income of sectors was up 22% at 3,385 million dollars.
This increase was driven by strong growth in exploration-production (+58%) and secondarily gas-renewable-electricity (+89%) and to a lesser extent, marketing-services (+22%), while that of the refining-chemistry division fell by 30%.
Production in the first quarter reached a record level of over 2.7 million barrels of oil equivalent per day, up 5% year on year, said the energy group, which highlights the coming on-stream of new projects.
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