LONDON — Total, the Paris-based oil giant, on Thursday reported a loss of $5.7 billion for the fourth quarter of 2014 as it struggles with the deep slump in oil prices
Write-downs of about $6.5 billion, mostly on Canadian oil sands projects, shale gas operations in the United States and European refining businesses, contributed to the loss, the company said.
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In a note to clients published before the results, analysts at Bernstein Research in London wrote that Total was likely to sell older oil and gas fields in the North Sea and West Africa.
