Total joins record-setting oil majors

French oil group Total reported that its net profit last year leapt by nearly a third to 12.0 billion euros (14.28 billion dollars), marking a record for the group and for any French company. International oil companies, which have posted bumper profits for 2005, have been accused of raising prices at the expense of consumers.

Total, the fourth-biggest oil group in the world, has nearly doubled its profitability in two years after reporting net profit of 7.0 billion euros in 2003. But the group is far behind ExxonMobil of the United States, the biggest oil group in the world, which posted record net profit of 36.0 billion dollars for 2005.

Post a Comment:

Comments are closed for this entry.

« Jobs at risk as... | Main | Rumors of blogs'... »

Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004