Goes on file 2013 of Total, closed with a 20% year-on-year drop in net profit to 8,4 billion euros. The rise in exploration costs and the fall in refining margins in Europe weighed on the accounts of the French oil company. Turnover was also down, down by 5% on an annual basis, to 189,5 billion euro, while production remained stable.
Despite the unflattering balance sheet results, the board of directors of the French oil giant has proposed a quarterly dividend increase of 3,4%. The announcement boosted Total's stock, which gained 1,71% on the Paris Stock Exchange mid-morning.
