Total cuts investment target, keeps dividend amid pandemic

Total cuts investment target, keeps dividend amid pandemic

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A worker speaks on a mobile telephone as he passes Total SA branded oil drums stored in the warehouse at the Ladol free trade zone port in Lagos, Nigeria.

George Osodi | Bloomberg | Getty Images

French oil and gas major Total on Friday again trimmed its investment target for 2020 as the coronavirus crisis bit, though the group returned to profit in the third quarter and maintained its dividend.

The company reported net income of $202 million, down 93% from a year earlier while adjusted net income fell 72% to $848 million.

20200221101654 Total cuts investment target, keeps dividend amid pandemic
Original news source Credit: www.cnbc.com



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