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Timothy Smith

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Timothy Smith

Re: None

Monday, 07/29/2013 10:32:28 PM

Monday, July 29, 2013 10:32:28 PM

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Total's revenue dropped by 4% to 124.9B USD compared to 130B USD in the same period last year.

The reported adjusted net income was in line with the revenue drop and also went approximately 4% lower to 7.3B USD or $3.22/share.

This adjusted net income excludes a 1.27B USD loss on asset sales. This was mainly caused by a divestment in Q1 (when the company took a hit on the sale of the Canadian Voyageur project), as the company booked a profit on asset sales in Q2 2013 totaling $382M.

Oil & Gas | OTCBB | OTCQB | Pink Sheets

Purely my own opinion. This is not investment advise and do your own due diligence.

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