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Greenpeace Protests On Tuesday
Shares in French energy producer and provider, Total, ranked the fourth-largest company of its kind globally, are trading 0.5% lower pre-market on Wednesday.
Shares suffered over the last 24 hours in response to news that the company has suspended oil operations at the group’s Dan bravo site in the Danish North Sea.
The company announced the move in response to the recent Greenpeace protest which took place there yesterday. Four activists swam over 500 meters and climbed onto the unmanned station.
After intercepting the protestors, Total announced that it has suspended operations for the time being. However, it did not say what level of output had been affected consequently.
Q2 Earnings Miss
Despite the news and the recent string of sales in recent days, Total share prices remain well above where they were on the date the company reported its Q2 earnings.
On July 30th, Total reported an EPS of -2.93 versus estimates of a -0.11 reading.
The company reporte...
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