La Defense, April 29, (dpa-AFX/GNA) – French energy major Total SA reported Thursday that its first-quarter net income (Group share) was 3.34 billion dollars, significantly higher than last year’s 34 million dollars.
Earnings per share were 1.23 dollars, compared to last year’s loss of 0.01 dollars.
Adjusted net income (Group share) was 3.00 billion dollars, compared to 1.78 billion dollars in 2020. Adjusted earnings per share were 1.10 dollars, versus 0.66 dollars in the first quarter 2020. In euro terms, adjusted earnings per share were 0.91 euro, compared to 0.60 euro a year ago.
Adjusted net operating income from the business segments was 3.49 billion dollars, an increase of 52 per cent year-on-year due to the increase in oil and gas prices. Sales were 43.737 billion dollars, slightly lower than last year’s 43.870 billion dollars. Revenues from sales grew to 38.63 billion dollars from 38.58 billion dollars a year ago.
Hydrocarbon production was 2,863 thousand barrels of oil equivalent per day in the first quarter 2021, a decrease of 7 per cent year-on-year.
Further, the Board of Directors decided to distribute a first interim dividend for fiscal year 2021 stable at 0.66 euro per share.
Looking ahead, the company maintained its expectation for stable hydrocarbon production in 2021 compared to 2020, benefiting from the resumption of production in Libya.
GNA