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Total withstands crisis with profit near USD 900m

The French oil giant stands out among major industry players with a solid profit in the fourth quarter. However, the coronavirus and oil price crises turned Total's overall 2020 into a year the company would rather forget. Now it mulls a name change.

Photo: Stringer/REUTERS / X80002

While Big Oil colleagues Shell, Exxon Mobil and Chevron incurred losses in the fourth quarter and British BP booked a slight profit, France's Total did significantly better toward the end of 2020, as shown by the oil company's fiscal report issued Tuesday morning CET.

Total books earnings of USD 891 million for the months October-December. And although this is a setback of 66 percent compared to the same quarter in 2019, it's quite an advancement held against Q3's earnings of USD 202 million.

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