November 7, 2007
PARIS (Reuters) – French oil giant Total
Adjusted net profit — stripping out gains from changes in the value of fuel inventories and one-off items — fell to 3.004 billion euros ($4.37 billion) due to lower gas prices and refining margins and a weaker dollar.
Total, the world’s fourth biggest non-government controlled oil and gas group by market capitalization, said adjusted net profit was up 4 percent in dollar terms.
Thirteen analysts polled by Reuters had expected Total to post adjusted net profit of 2.935 billion euros.
The Paris-based group published its figures amid growing political controversy in France as car and truck drivers are hit by oil prices nearing $100 a barrel.
French President Nicolas Sarkozy has promised not to abandon hundreds of fishermen in western France who went on strike and blocked ports and oil depots last Friday to protest against soaring fuel costs.
Total
Unrest in Nigeria, a fire at a its Nkossa offshore oilfield in the Republic of Congo, and changes to its Sincor project in Venezuela have forced Total to trim output targets.
But the French group continued to buck an industry-wide trend of falling oil and gas output, with a 3 percent rise in third-quarter output at 2.352 million barrels of oil equivalent, helped by the start-up of its Dolphin gas project in the United Arab Emirates and the Rosa offshore oilfield in Angola.
A recovery in production at Nkossa also helped lift Total’s output, which analysts had on average forecast at 2.338 million barrels of oil equivalent.
This performance contrasted with that of bigger industry rivals such as BP
Total shares closed 0.4 percent higher at 54.61 euros on Tuesday. They have lagged the European oil and gas sector by 8 percent so far this year, according to Reuters data. (Reporting by Marie Maitre, editing by Erica Billingham)
© Copyright 2007 Reuters.
http://www.boston.com/news/world/europe/articles/2007/11/07/total_net_falls_but_beats_forecast/
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
