Total proposed a 10 % increase in its 2008 dividend
Total proposed a 10 percent increase in its 2008 dividend to 2.28 euros a share and said it would be “maintaining” its dividend policy. For full story, click here
Articles Tagged "total"
Total rose 0.5 percent to 40.30 euros
Total rose 0.5 percent to 40.30 euros in Paris. The stock slipped 32 percent last year. For full story, click here
Total pledged to maintain investment and cut costs
Total pledged to maintain investment and cut costs by renegotiating contracts with suppliers given the drop in crude prices. For full story, click here
Total reported fourth-quarter earnings
Europe’s third-largest oil company, reported fourth-quarter earnings that beat analyst estimates and pledged to maintain investment spending at a similar level to last year to revive production growth. For full story, click here
UTS Energy sustained gains
UTS Energy, the Canadian oil- sands explorer targeted by Total SA, sustained gains to trade more than 30 percent above the French company’s bid price for a sixth straight day as investors anticipated an increased offer. For full story, click here
Total Energy posts Q3 results
Total SA, announced that its Q3 adjusted net profit rose 36 % as record crude prices made up for a drop in output. For full story, click here For company’s website, click here
Total Investment plans on Track Amid Low Crude Prices: CEO
The French company will keep to its investment plans amid lower crude prices. Production growth over the next 10 years will come from deep-water fields in Africa, heavy-oil ventures in Canada and liquefied natural-gas projects. Christophe de Margerie said: All the projects which are under way will be completed. We can easily take the time [...]
Benchmark: How low can it go?
Clearly Monday was not particularly good news for oil companies. With futures settling below $90 per barrel, ($87.81 when Benchmark went to proofing) the industry is seeing the lowest prices since February.
Benchmark: Troubled waters
Another rough day for investors this Monday. As it became clear that the American House of Representatives would reject the authorization law for the executive’s $700 billion financial sector bailout plan, commodities began to tank. Oil futures shed more than $10 of their value during the day, dropping to $96.37 per barrel.
Total’s Q2 profit rises 39%
Record crude oil prices boosted Total’s Q2 profit by 39%. A Paris-based analyst at Societe Generale SA said: Total’s numbers are slightly above consensus, mostly because of a lower tax rate in the upstream division. Click here for more information.
