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Total Group reports lower sales and earnings; Satorp to be commissioned by year-end

10:17 AM MDT | August 5, 2013 | Natasha Alperowicz

Total Group has reported lower second-quarter sales and earnings. Group net income was down 3% at €2.7 billion ($3.5 billion) on sales 4% lower at €46.97 billion. Adjusted operating income was €5.08 billion, down 11% on the corresponding period in 2012.   Adjusted net operating income at the refining & chemicals business was down 2% to €370 million and adjusted operating income down 22% at €357 million. Refining & chemicals sales were €21.56 billion in the second quarter of this year, compared with €22.59 billion in...

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