Total's net profit declines 37% despite jump in energy prices

Article Abstract:

TOTAL S.A. of France posted net profit declines of 37 percent to 2.34 billion Euros ($2.97 billion) from 3.73 billion Euros a year earlier. Reasons for the decline include a new inventory accounting procedure and that the Sanofi-Aventis merger has not been fully integrated. The petroleum company said it would increase its dividend by 20 percent.

Company Profile

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Total's net profit rises 16% on increase in oil prices

Article Abstract:

TOTAL S.A. of France posted a soaring 16 percent second quarter net profit increase to 3.44 billion Euros ($4.4 billion) from 3.08 billion Euros last year. Major increases in oil prices, by 35 percent offset disruptions in petroleum production. Petroleum output decreased nine percent to 2.29 million barrels per day.

Production data, Company overview

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Total's net grew 7% in quarter as oil, gas production rose

Article Abstract:

Total S.A. posted a rise of 7% in its net profits for the 2003 second quarter. The company was helped by a rise in gas and oil production.

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