Total's 2017 Profit to Show Strong Rise -Le Monde

02/06/18 08:39 AM EST

--Total SA's results, to be released Thursday, will show its 2017 profit to be about 30% higher than it was in 2016, when the company reported an adjusted net profit of 7.8 billion euros, Chief Executive Patrick Pouyanne tells Le Monde.

--Total's acquisition of Maersk Oil, ADCO's concession in Abu Dhabi and its strategic alliance with Petrobras in Brazil will ensure an average increase of production of 5% per year until 2022, Le Monde quotes the CEO as saying.

--Mr. Pouyanne says the company is working with scenarios of $50 dollars per barrel given the many uncertainties in the oil market, and he thinks oil consumption in 2040 will be lower than 2018, according to Le Monde.


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(END) Dow Jones Newswires

February 06, 2018 08:39 ET (13:39 GMT)

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