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Total Profit Rises 35% on Higher Oil Prices Amid Output Drop
Apr. 29, 2011 01:38PM PST
Oil and Gas InvestingBusiness Week reports that Total SA’s (NYSE:TOT) first-quarter profit inched up 35 percent.
Business Week reports that Total SA’s (NYSE:TOT) first-quarter profit inched up 35 percent.
The market news is quoted as saying:
Profit excluding changes in inventories and the value of a stake in Sanofi-Aventis SA rose to 3.1 billion euros ($4.6 billion) from 2.3 billion euros a year earlier, the Paris-based company said today. That beat the 3 billion-euro average in a Bloomberg survey of analysts. Net income rose 51 percent to 3.95 billion euros.