Published 06th March, 2015
Fuchs and Total report differing results for final quarter of 2014.
With sales revenues up 2% to €1.9bn, independent blender Fuchs has seen growth in all three global regions. Earnings are similar to the previous year's level at €313m.
Meanwhile French oil major, Total, revealed fourth quarter results for 2014 down 17% to $2.8bn with whole year figures showing a 10% drop to $12.8bn from the previous year.
According to Total CEO Patrick Pouyanné, the company recognised after-tax impairments of about $6.5bn at the end of the year, essentially related to Canadian oil sands, unconventional gas, notably in the US, and refining in Europe.