CNBC | Oil crisis? Majors unveil the damage of $45 oil CNBC The news didn't stop there. French major Total reported a 23 percent drop in third-quarter adjusted net income from the same quarter last year, although CEO Patrick Pouyanne spoke of "resilience" in the face of falling oil prices. Analysts were pleased ... Oil Firms Face Reality of Sustained Low Prices Low Oil Prices Take a Toll on Royal Dutch Shell Shell Reports $7.4 Billion Loss, Blaming Low Oil And Gas Prices |