Total Beats Quarterly Forecasts Despite Low Oil Price

Total beat forecasts on Thursday by keeping net adjusted profit for the fourth quarter steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy major’s shares. Analysts had forecast net profit of about $2.7 billion.

Total’s shares rose about 3% before easing off their highs.

Continue reading

Leave a comment

Blog at WordPress.com.

Up ↑