In Total's full year report on 2007, the increase in oil prices through the entire year was reflected in both the operating and net incomes.
The group's adjusted operating income was $34.9 billion, a 4% increase from the business segments.
Total's 2007 adjusted net income was $16.7 billion, an increase of 6% from 2006.
The group's effective tax rate was 56% in 2007, holding stable from the previous year.
Total bought back 32.4 million shares for $2.6 billion with adjusted fully-diluted earnings per share at $7.35 per share, an increase from 2006 of 8%.
"In 2007, market conditions for the petroleum industry were generally favorable," Christophe de Margerie, Total's CEO, said.
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