Total's Chemical Earnings Slump

摘要

Adjusted net operating income at Total's chemicals business slumped 70% in the fourth quarter of 2011 compared with the corresponding period of 2010, to ?51 million ($67 million) on sales up 5%, to ?4.4 billion. Total's base chemicals business, consisting mainly of petrochemicals, swung to a ?15-million, fourth-quarter net operating loss compared with a ?67-million profit one year earlier and a ?137-million profit in the previous quarter, on sales up 10% year on year, to ?2.8 billion.