Total fuel card news: Company posts better-than-expected 4Q results
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11 February, 10 Motorists with Total fuel cards have discovered that the energy giant has surpassed analyst predictions with its 2009 fourth quarter financial results. Following a poll carried out by Bloomberg, oil industry experts had forecast the French company to report net income of €1.95 billion (£1.71 billion) for the three-month period, but it exceeded this figure to hit €2.1 billion. While the amount is higher than expected, it is still a drop of 28 per cent from the same period in 2008, which the company attributed to weak margins for refined oil products such as diesel. Total's income for the whole of last year stood at €7.8 billion, 44 per cent lower than 2008, due in part to a decrease in demand for diesel from Total fuel card users. Chief executive officer Christophe de Margerie expressed his confidence for the company's future, saying it will continue to "pursue its strategy of profitable and responsible growth to create value for all of its stakeholders". Posted by Steve Clarke 
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