Thursday, June 18, 2026
Total’s net profit falls 35% in the first quarter as oil prices slide- oil and gas 360

Total’s net profit falls 35% in the first quarter as oil prices slide

CNBC Total on Tuesday posted a significant fall in first-quarter net profit, as oil prices tumbled to historic lows following a drop-off in demand due to the coronavirus crisis. The French energy major reported Tuesday that first-quarter net profit came in at $1.8 billion, down from $2.8 billion over the same period last year, reflecting a fall of 35%. Analysts polled