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Total’s net profit falls 35% in Q1
Energy
- 05 May, 2020
- 10:20
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Total on Tuesday posted a significant fall in first-quarter net profit, as oil prices tumbled to historic lows following a drop-off in demand due to the coronavirus crisis, Report informs, citing CNBC.
The French energy major reported Tuesday that first-quarter net profit came in at $1.8 billion, down from $2.8 billion over the same period last year, reflecting a fall of 35%.
The company’s board also confirmed that its first-quarter dividend would be 0.66 euros per share, stable on the same period last year.
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