Total lifts dividend, plans growth as profits beat estimates

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Car-maker Toyota is now getting into the robotics game. (Toyota)
Car-maker Toyota is now getting into the robotics game. (Toyota)

Total raised its dividend by 1.6% and said it may give the go-ahead for almost a dozen new projects in the next 18 months after fourth-quarter profit beat analysts’ estimates.

"We’re going to propose to increase the dividend as we have confidence in the future," chief executive officer Patrick Pouyanne told reporters in Paris.

"My goal is to launch new projects to prepare the future, while remaining disciplined and cutting costs further because crude prices might drift lower."

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