Total to sell US$5 billion of upstream assets

MARKET volatility and a lower gas price in Europe and Asia saw French major Total’s profits slide from the previous quarter and year-on-year, it said in its second quarter results overnight.

Total to sell US$5 billion of upstream assets Total to sell US$5 billion of upstream assets Total to sell US$5 billion of upstream assets Total to sell US$5 billion of upstream assets Total to sell US$5 billion of upstream assets

For the first half the oil giant noted a 19% fall in net profit to US$2.9 billion (A$4.18 billion) compared to the year before.

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