Total Keeps Dividend Steady in ‘Exceptional Circumstances’

French energy major Total promised to pay a steady cash dividend and said it can break even with low oil prices after the impact of the coronavirus outbreak and a collapse in fuel demand led to a 35% first-quarter profit fall.

It also raised its climate ambitions, saying it aims to reach net-zero emissions from its operations and its energy products sold to customers by 2050 at the latest, but only in Europe.

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