In 2014 Total reduced net profit by 2.6 times

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During 2014 net profit of French Total S.A. company decreased by 2.6 times against 2013 and totaled $4.24 billion, reads the company’s report.

            The corrected net profit decreased by 10% to $12.83 billion. The sales profit totaled $212.01 billion, decreased by 6.9%.

            In quarter 4, 2014 net profit totaled $5.6 billion against $2.23 billion worth profit during the same period in 2013. The corrected net profit dropped by 17% to $2.8 billion.

            The total volume of hydrocarbon production reached about 2.14 million barrels of oil equivalent a day, down 7% against 213. In quarter 4, 2014 the production totaled 2.22 million barrels a day, down 2% against last year.

            Total works mainly at the oil and gas markets and is the third biggest oil maker in Europe. It takes part in five projects in Russia and owns 12% share in the biggest independent gas company in Russia NOVATEC.

            Yesterday Total announced its plans to lay off 2,000 employees by 2017 and sell assets worth $5.5 billion in 2015, because of unstable situation at the oil market, reported Wall Street Journal.

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