Higher oil and gas output lifts Total profit

French oil and gas company Total booked an increase in the fourth quarter 2018 profit driven by higher oil and gas production and increase in prices.

The oil company said on Thursday it had recorded an 11% increase in net income for 4Q 2018 which amounted to $1.13 billion, compared to the profit of $1.02 billion in the same period of 2017.

Total’s adjusted net profit rose 10% in 4Q 2018 to $3.2 billion from $2.87 billion in the same period of 2017.

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