Royal Dutch Shell Plc  .com Rotating Header Image

BBC News: Total reaps benefit of oil price

Record crude oil prices have helped French oil giant Total report a record 12.58bn euros ($16.4bn; £8.4bn) net profit in 2006.

The earnings, up 5% on the previous year, were buoyed by crude reaching more than $78 a barrel in mid-July.

However, oil prices have now fallen off to around $60 a barrel.

These lower prices, along with higher costs and spending on exploration, meant Total’s profits in the last three months of 2006 were down 10%.

Its fourth quarter results compare with an 11% rise in profits at Royal Dutch Shell, a 12% slump at BP and a 4.3% dip at Exxon Mobil.

Total reported overall sales in the year of 153.8bn euros, 12% higher than in 2005.

http://news.bbc.co.uk/2/hi/business/6360147.stm

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.