French energy giant Total said today its third-quarter results were “stable”, compared with the previous three months despite a weaker environment.
It posted profits of £2.9billion for the three months to the end of September, up from £2.4billion during the same period in 2010, driven by the oil price being 47% higher this year.
Sales were £40.3billion in the latest quarter, against £35billion in the same period last year.
Chief executive Christophe de Margerie said the group benefited from improved operational performance in refining and increased profits in its upstream activities.
Production was down 1% on a year earlier at 2.3million barrels of oil equivalent per day.
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