Total sells assets worth $ 5 billion



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The French energy giant, Total, has announced the sale of badets worth about $ 5 billion, mainly exploration and production activities in the upstream sector.

Of:

As it seeks to focus on projects with low parity between revenues and expenditures, the price of oil may be low.

The Company recorded a 19% decrease in adjusted net income for the second quarter, which was $ 2.9 billion compared to the same period last year due to a combination of factors. unfavorable on the market.

These factors include lower oil prices compared to the second quarter of 2018, a 7% drop, sharp declines in gasoline prices and lower margins for refining operations.

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