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Total, French Oil Giant, Posts $5.7 Billion Quarerly Loss - New York Times
New York Times | Total, French Oil Giant, Posts $5.7 Billion Quarerly Loss New York Times Write-downs of about $6.5 billion, mostly on Canadian oil sands projects, shale gas operations in the United States and European refining businesses, contributed to the loss, the company said. With oil prices' having slumped sharply since June, Total's ... Total takes $6.5 bln charge, cuts costs to counter weak oil Total Write Downs Value of Canadian, US Oil Fields Amid Loss Total takes $6.5bn impairment, slashes costs to counter weak oil |
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