France-based oil and gas giant Total ended 2017 on an impressive note: The firm raked in $10.6 billion in adjusted net income for the year, a 28% improvement over 2016. That growth was driven overwhelmingly by the company’s exploration and production arm, whose operating income nearly doubled year-over-year. And the progress may well continue in 2018—in July, Total announced it had completed a $1.5 billion acquisition of Engie’s upstream Liquefied Natural Gas unit, making Total the second-largest Liquefied Natural Gas play in the market.
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