Total’s profit down, LNG sales up

For illustration only (Image courtesy of Total)

French gas and oil giant Total reported on Thursday a drop of 30% in its adjusted net income in the second quarter of this year.

Total’s adjusted net profit stood at $2.2 billion, as compared to $3.1 billion in the same quarter a year before, Total said in a statement.

Although still volatile, the Brent price has recovered since the start of the year and averaged $46 per barrel in the second quarter of 2016. Total captured the benefit of this rebound, and adjusted net income rose to $2.2 billion in the second quarter of 2016, an increase of 33 percent compared to the first quarter 2016,” said Patrick Pouyanne, Total CEO.

Total’s hydrocarbons production increased by more than 5 percent to 2.424 million barrels of oil equivalent per day compared with the same quarter last year.

LNG sales rise

Paris-based Total posted an increase of 15% in its second-quarter liquefied natural gas sales.

Total said it sold 2.76 million tonnes of chilled gas in the quarter, as compared to 2.39 million tonnes in the same period in 2015.


LNG World News Staff


Share this article

Follow LNG World News


<< Apr 2017 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

CWC China LNG & Gas International Summit & Exhibition

Where the Chinese & International LNG & Gas Industry Meet

read more >

CIMPC 2017

The 2017 Chine International Marine Corrosion & Protection Technology and Innovation and Application Development Forum will be held in March in Shanghai, China.

The Forum will continue to maintain a high standard, specialization, and internationalization. In addition to focusing on marine areas, it will also extend to the corrosion and protection of land and air engineering.  By showing the outstanding results of China in the aspects of corrosion technology research and engineering applications, as well as by introducing the advanced anti-corrosion technology and products, it is aimed to promote the development of China’s corrosion & protection technology and engineering application.

More info

read more >

Flame 2017

Join 650+ gas producers and consumers, infrastructure providers, traders and regulators at Europe’s largest annual industry meeting, Flame 2017.

read more >

ConferenzaGNL 2017

ConferenzaGNL will take place together with ExpoGNL, a two-days exhibition of projects, land and maritime technologies, cryogenic components…

read more >