Total Raises 2008 Interim Dividend by 14%
The Board of Directors of Total, led by Chairman Thierry Desmarest, met on September 9, 2008. Confident in the outlook for Total's results, the Board approved the 2008 interim dividend of 1.14 euros per share, an increase of 14% compared to the interim dividend paid in November 2007.
With its view of the supply-demand balance and other elements that should support the price of oil over the medium term, Total reaffirms its policy of sustained investment oriented toward long-term projects on the main growing segments in the petroleum chain.
Total's asset portfolio, its ability to manage major projects and to negotiate strategic partnerships are among the strengths that should allow it to create value over the long term.
Total is also expanding its R&D program and expects to commit 5.5 billion euros from now through 2013 mainly to find new solutions for improving the efficiency of its industrial sites and products, accelerating its growth in new energies and contributing to the fight against global climate change.
CEO Christophe de Margerie said, "Maintaining strong investment discipline, the ability to anticipate changes in the environment and to enhance the acceptability of our presence and operations in countries where we invest are among the strengths that should allow us to create sustainable value."
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