Total reported adjusted results of $2.9bn, in line with expectations. By division In the E&P division, adjusted net income for Q1 18 came in at €2.2bn, up 58% yoy. The increase was driven by higher oil & gas prices but also production growth (driven by liquids). Production was up 5% driven by: +7% due to the ramp-up of new projects, +1% driven by better conditions in Libya and Nigeria, and -3% due to price impact and natural decline. In the Gas, Renewables & Power division, Q

09 May 2018
Impressive production growth in Q1 18, other strategic moves ahead

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Impressive production growth in Q1 18, other strategic moves ahead
TotalEnergies SE (TTE:LON) | 5,498 8906.8 3.0% | Mkt Cap: 125,421m
- Published:
09 May 2018 -
Author:
Alexandre Andlauer -
Pages:
3 -
Total reported adjusted results of $2.9bn, in line with expectations. By division In the E&P division, adjusted net income for Q1 18 came in at €2.2bn, up 58% yoy. The increase was driven by higher oil & gas prices but also production growth (driven by liquids). Production was up 5% driven by: +7% due to the ramp-up of new projects, +1% driven by better conditions in Libya and Nigeria, and -3% due to price impact and natural decline. In the Gas, Renewables & Power division, Q