Total Q1 Profit Declines 20%, Production Up 10% - Quick Facts

(RTTNews) - French oil and gas giant Total SA (TTA.L, TTFNF.PK, TOT) reported that first-quarter net income group share decreased 20 percent to $2.66 billion from $3.34 billion in the prior-year quarter. Earnings per share also declined $1.16 from last year's $1.46.

Excluding items, adjusted net income for the quarter was $2.60 billion, compared to $3.33 billion in the year-ago quarter.

Sales for the quarter decreased 30 percent to $42.31 billion from $60.69 billion in the previous year.

Hydrocarbon production was 2,395 kboe per day, up 10 percent from 2,179 kboe per day last year.

The board of directors decided on April 28 to pay a first-quarter interim dividend of 0.61 euro per share on October 21.