I suppose we might call it a Total
The company's reported earnings for the quarter came to $5.6 billion, up 18% year over year. If you back out Total's inventory effects, along with some one-time items, its net profit was $4.9 billion, up nearly 9% from last year's period.
As with all Big Oil players from ExxonMobil
You won't be surprised to learn that, as has also been the case with the likes of Chevron
But for my money, the key to the quarter -- and certainly to any producer's future -- involves its liquids production trends. On that basis, unlike the slide at most of the other big companies, or the production increase at BP
I must admit to my Foolish friends that the more I survey the world of Big Oil, the more intrigued I become by Total. The company appears to be solidly managed and successfully conducts geographically diverse operations. I would suggest that it justifies the attention of Fools with an interest in the larger energy producers.
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