Total S.A. (Total) reported strong financial numbers for the financial year end 2010. The company attributed its results to the increase in oil prices. Total also planned to start up production at a number of new projects in Canada, Australia, China and Russia from mid 2011.
- 4.3% increase in production, mainly from LNG growth
- 124% proved reserve replacement rate
- 32% increase in adjusted net income to €10.3 billion, reflecting both improving environment and operational performance
- Increasing upstream capex to $16 billion in 2011 to sustain growth
- 4.3% increase in production, mainly from LNG growth
- 32% increase in adjusted net income to €10.3 billion, reflecting both improving environment and operational performance
- Increasing upstream capex to $16 billion in 2011 to sustain growth
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