Total’s Cash Flow Rises on Record Oil and Gas Output

Total SA boosted cash flow in the first quarter as record hydrocarbon output and soaring sales of liquefied natural gas compensated for a drop in crude prices.

The French energy giant’s earnings are the latest sign of the industry’s recovery from a deep downturn, with Total benefiting from the start of giant LNG projects from Australia to the Arctic and offshore oil fields in West Africa. Thanks to cost cuts and improvements in efficiency, the company can thrive even as global markets remain volatile, said Chief Executive Officer Patrick Pouyanne.

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