By Emmanuel Tumanjong

Special to Dow Jones Newswires

 

Total Gabon SA said Monday that revenue for 2020 fell by 46% from the year before as oil prices were hit by the coronavirus pandemic.

Revenue for last year was $435 million compared with $808 million for 2019, the company said.

Total Gabon said its Brent crude sold for $36.5 a barrel in 2020, a drop of 41% from the previous year.

Meanwhile, the company's crude oil output fell by 14% to 10.2 million barrels, it said.

 

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(END) Dow Jones Newswires

February 15, 2021 06:29 ET (11:29 GMT)

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