Total’s Q1 downstream operating income falls 30% on lower refinery utilisation rates

摘要

LONDON (ICIS)--Total’s first-quarter Refining & Chemicals adjusted operating income fell 30% year on year to $720m, the French energy and petrochemicals major said on Thursday. The company did not disclose revenue figures for the downstream businesses. “Refinery throughout decreased by 4% in the first quarter… notably as a result of the first major shutdown on one of two distillation trains at SATORP in Saudi Arabia, during which the capacity was increased by more than 10%,” Total said.