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Bloomberg
Total SE bucked the trend of a disappointing fourth quarter for Big Oil, reporting earnings that exceeded expectations and pledging more cash for cleaner energy.
The results show once again how the French giant has proved more resilient than
its peers throughout downturn caused by coronavirus pandemic. As its more heavily indebted rivals have stumbled, Total led the way on investments in clean energy. The company said more than a $2.4 billion of its planned net investments of $12 billion this year will go into renewables and electricity.