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Total needs to cover $12 billion shortfall due to crisis - CEO

FILE PHOTO: The logo of French oil and gas company Total is seen in a petrol station in Paris
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PARIS (Reuters) - French energy major Total's March plan to find savings due to the crisis in the oil market will help compensate for a shortfall in revenue of around $12 billion (9.72 billion pounds), CEO Patrick Pouyanne said on Friday.Pouyanne told a shareholders' general assembly meeting that globally the group would have to cover a shortfall of around $12 billion at a minimum. It previously..
Date Published: May 29, 2020
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