REFILE-UPDATE 1-Total Q3 down 54 pct on weaker oil and refining
(Refiles to correct the dateline)
* Total Q3 adjusted net income 1.87 bln euros
* Production up 0.5 pct to 2.243 mln boepd
* Eyes cost cuts
(Adds detail)
LONDON, Nov 4 (Reuters) - French oil major Total SA (TOTF.PA: Quote, Profile, Research) said third quarter net profits dropped 54 percent as lower oil prices and tight refining margins weighed.
Total said in a statement on Wednesday that its adjusted net income, which strips out one-off items and unrealised gains related to changes in the value of fuel inventories, was 1.87 billion euros ($2.76 billion), in line with analysts' average forecast of 1.84 billion according to Thomson Reuters I/B/E/S. Continued...
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