in this issue
Regions :: Western Europe :: France
Petrochemicals Drag Total's Net Income Down
5:47 AM MDT | April 27, 2012 | Natasha Alperowicz
Energy group Total reported a 7% drop in net income in the first quarter of 2012 to €3.7 billion ($4.84 billion) on 11% higher sales at €51.2 billion. Adjusted net operating income from the refining and chemicals segment was €61 million in the first quarter of 2012, a decrease of 77% compared with the first quarter of 2011. The adjusted net operating income, expressed in dollars, decreased by 78% compared with the first quarter of last year. The decrease is mainly due to the strong deterioration of the environment for petrochemicals in Europe and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee