Total SA: Sees 1Q profit fall 20% amid global oil price decline

nice info

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French energy giant Total SA is one of the leading worldwide oil groups. Net sales break down by activity as follows: petroleum products distribution (45.1%), refining and chemistry (44,9%) and hydrocarbon operating and production (10%).Net sales break down geographically as follows: France (21.8%), Europe (48.6%), North America (10.1%), Africa (9.8%) and other (9.7%).

Yesterday, 28 of April the Total SA released its first quarter results showing a net profit slid 20% despite a rise in production as tumbling oil prices took their toll. The company reported that net profit for the quarter was $2.66 billion, down from $3.34 billion a year earlier. That fall came despite a 10% rise in hydrocarbon production to 2.4 million barrels a day.

Since the beginning of the year Total SA rose 15.42% and is in a bullish phase since mid of April. Yesterday, the stock open in a gap up that still managed to…

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Total SA: Sees 1Q profit fall 20% amid global oil price decline

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