Total: recovery in profit with Brent and cost savings.

(CercleFinance.com) - In addition to the marked recover in oil prices over the past year (+58% for Brent), Total has seen a recovery in its Q1 2017 accounts.
Over the period, the French group's net income rose by 77% to 2.8 billion dollars, a robust improvement in terms of adjusted data: +56% to 2.6 billion dollars (EPS of 1.1 dollar per share).

Total's CEO, Patrick Pouyanné, stressed "a good operational performance and (...) the continuous decrease of our break-even point".

Regarding its "Adjusted Segment Operating Income," the upstream division (exploration-production) saw its contribution soar in Q1: increasing 3.6-fold to 1.4 billion dollars, while that of downstream operations (refining-chemicals) fell by 9% to one billion dollars.


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