Total Q1 Profit Surges, Production Down - Quick Facts

(RTTNews) - French oil and gas giant Total SA (TTA.L, TTFNF.PK, TOT) said first-quarter net income group share increased to $3.335 billion from $1.948 billion in the prior year. Earnings per share advanced to $1.46 from $0.86.

Adjusted net income was $3.3 billion, while it totaled $3.7 billion last year.

Sales decreased 5 percent to $60.687 billion from $63.561 billion in the previous year.

Hydrocarbon production was 2,179 kboe per day, compared to 2,323 kboe per day last year.

The board of directors decided on April 29 to pay a first-quarter interim dividend of 0.61 euro per share on September 26.

In the Upstream, Total said that second-quarter production will be impacted by heavy seasonal maintenance activity, mainly in the U.K., Norway and Thailand.