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Total sees 2013 net profit slide 20pc to 8.4bn euros

Published February 12, 2014 Updated February 12, 2014 07:28am

1 min

By Parvez Jabri

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PARIS: French oil giant Total said Wednesday its 2013 net profit dipped 20 percent to 8.4 billion euros ($11.45 billion), on the back of higher exploration charges and crumbling refinery margins in Europe.

Revenues fell 5 percent to 189.5 billion euros, the group said. Production was stable for last year, instead of showing the increase Total forecast.

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