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


<< Dec 2017 >>
27 28 29 30 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 31

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018…

read more >

CWC Japan LNG & Gas Summit

The inaugural CWC Japan LNG & Gas Summit, with participation and support from METI, JERA, Tokyo Gas and IEEJ, is the dedicated platform for international suppliers…

read more >

Asia Pacific Maritime and Offshore Exhibition 2018

7 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia…

read more >

CWC 2nd Papua New Guinea Petroleum & Energy Summit

The 2nd CWC Papua New Guinea Petroleum and Energy Summit is held under the patronage of the Prime Minister of Papua New Guinea…

read more >