Total looks set to cover the dividend in 2018.
Total recorded a strong first half as lower-cost production ramp-ups and improving oil prices in the upstream segment more than offset a decline in earnings in the refining segment due to higher maintenance activity. Upstream results continued to benefit from improvement in oil prices of 9% and production growth of 3%, paired with low-cost production ramp-ups and cost-reduction initiatives taking effect, lifting adjusted operating income to $1.4 billion versus $1.0 billion year over year. Produc...
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