Total’s profit, LNG sales rise

For illustration purposes only (image courtesy of Total)

French energy giant and LNG player Total reported a rise of 28 percent to $10.6 billion in its adjusted net income during the last year, boosted by higher oil and gas prices and an increase in production.

For the fourth quarter, Total’s adjusted net income stood at $2.9 billion rising 19 percent on year-on-year, the company said on Thursday.

Total’s liquefied natural gas sales during the year in review rose 2 percent to 11.23 million tons.

Quarterly LNG sales dropped 3 percent to 2.67 million tons, it said.

Total also announced plans to reward shareholders with dividend increases and a share buyback as well as some $2 billion of acquisitions in 2018.

The company rewarded shareholders with a 10 percent rise in dividends over the next three-year period.

This year’s interim dividend will increase 3.2 percent, and the company plans to buy back up to $5 billion shares over the 2018-2020 period.

Share this article

Follow LNG World News

Posted on February 8, 2018 with tags .

Events>

<< Jun 2019 >>
MTWTFSS
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

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >