Total profits in last phase exceeded expectations

Total company announced decrease in its profits by 8% in the final phase of last year due to drop of oil prices and productions. But the company said that its profits exceeded expectations saying that it will go on investing in hope that the demand on energy revive.

Major French Company said that pure profits free of main activities, which exclude gains and lost that related to stock value 2.873 billion Euros.

Total share dropped to 0.7 % to 39.82 Euros at 0833 GMT, but it exceeded shares indicator of European oil and gas which decreased by 1.8 %.

Total profits by dollar dropped in final phase by 16 % annually compared by reduction of Royal Dutch Shell by 32 % and B.B by 35 %.

Total, the third large European oil company by 100 billion Euros announced that it would invest by 18 billion Euros in projects in 2009 compared by 19 billion in 2008.