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.

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