Total profit tumbles due to lower prices

French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an increase in production. 

Total’s adjusted net profit was $3.02 billion in the third quarter of 2019, a 24% decrease when compared to the same period last year and the adjusted net profit of $3.96 billion.

The company’s net profit totaled $2.8 billion in 3Q 2019, a 29% decrease compared to 3Q 2018.

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