Wed, 12 Feb 2014 10:46:05 GMT
Total profit plummets as production and prices decline
Total SA, the French-headquartered oil and gas producer, reported a considerable decline in its profit for last three months of 2013, as production and oil prices decreased. Net income dropped 31% to 1.605 billion euro on the annual basis. However, the company increased its dividend payments. Today, Total SA shares are trading up 1% to 44.00 euro by 10:10 GMT