Total Q3 Profit Drops - Quick Facts

(RTTNews) - French oil company Total S.A. (TOT, TTFNF, TTA.L) posted 6% lower net income (Group share) of $3.46 billion for the third quarter, compared with last year's $3.68 billion.

For the third quarter of 2014, adjusted net income stood at $3.56 billion, or $1.56 per share; while the prior-year adjusted figures were $3.63 billion, or $1.59 per share. Adjusted earnings excludes the after-tax inventory effect, the effect of changes in fair value and special items. Expressed in euro, adjusted fully-diluted earnings per share were 1.17 euros, a 2% decrease.

The firm clocked sales of $60.36 billion in the quarter, down 2%, compared with $61.84 billion in the previous year.

During the quarter, Hydrocarbon production was 2,122 thousand barrels of oil equivalent per day or kboe/d, a 8% decline compared with the third quarter 2013.