EnergyWatch

Total lands slightly higher profit than expected

The French utility has emerged from 2018 with a higher-than-expected profit. The company projects increasing production in 2019.

Photo: Total

French group Total saw higher earnings than expected in the last three months of 2018, a year when the company also acquired Maersk Oil.

The oil company's adjusted profit landed at USD 3.2 billion in the quarter, which is higher than the USD 3.05 billion analysts had expected ahead of the report, show estimates collected by Bloomberg News.

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