Oil giant in total darkness maintains dividend

French oil giant Total takes a net loss of USD 8.3 billion for Q2 and is forced to book massive impairments. The company maintains its shareholder dividend, however.

Photo: Regis Duvignau/Reuters/Ritzau Scanpix

The second quarter of 2020 was extraordinarily challenging for the vast majority of companies but was particularly tough on global oil firms.

This is also evident in the latest interim financial from Total, the first among the Big Oil league to present its latest figures to the public.

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