EnergyWatch

Total raises production expectations for 2018

Higher oil prices have provided French Total with considerable growth in Q2. The oil company raises its expectations for its total production in 2018.

Photo: Total

French oil and gas giant Total benefited from higher oil prices in Q2 of 2018, which factored into a significant growth in profit.

In the second quarter, operating profit grew to USD 4,179 million from USD 2,748 million the year prior. Ordinary net profit grew at the same time by 44 percent to 3.55 billion, which was basically in line with analysts expectations at USD 3.6 billion, show estimates from Bloomberg News.

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