Total back in black after billion-dollar losses at the start of the pandemic

The French oil company once again books a profit for the third quarter, when sales were on the rise. Still, Total once again dials down on planned investments.

Photo: Charles Platiau/Reuters/Ritzau Scanpix

First BP, then Shell, now Total. Europe's three largest oil companies have all managed to turn deficits around from the heavily coronavirus-affected second quarter into small profits.

That much is clear after the latter, the French oil giant, Friday morning presented its financial report showing a net profit of USD 202 million.

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