TOTAL posted a profit in the third quarter despite oil and gas prices falling for the first nine months of the year by 31% and 26%, respectively, proving that it can survive at a $40 per barrel oil price.
CEO Patrick Pouyanne
Net income was $848 million, which still represented a fall of 72% from the same time last year but was far above analyst consensus. Total also kept its dividend of €0.66 per share. Much...
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