A strong Q4 helped Total and Fuchs produce good annual results.
The French oil major revealed adjusted net income of €2.7bn ($3.7bn) for the final Quarter of 2011 - a 7% year-on-year improvement. The strong finish lifted adjusted net income for the full year to €11.4bn ($15.9bn 11% better than 2011.
The company stated that, while upsteam activities had seen a positive year, Total's downstream activities had faced a more challenging time, particularly in Europe. However, Total is set to invest some $20bn this year in a range of activities and highlighted the onstream launch of its Angolan Pazflor field as a highlight of the 2011.
Meanwhile, German lubes producer Fuchs Petrolub revealed that a boost in the final month of 2011 brought the company better results than it had hoped at the start of the quarter. Overall, sales revenue improved by around 14% at over €1.6bn ($2.1bn) with EBIT growth up just under 6% at €264m ($352m).
The initial company statement on the results celebrated an "excellent December", which produced a surprise improvement in the Quarter and full year results.