REFILE-WRAPUP 2-Total, Statoil profits plummet on cheaper oil
(Corrects spelling of plummet in headline; adds explanatory line on update at beginning of text)
* Total Q3 adjusted net income down 54 pct to 1.87 bln euros
* Statoil Q3 adjusted net income down 40 pct to NOK 9.3 bln
* Promise cost cuts
* Production rises, gearing drops
* Total shares up 0.3 pct; Statoil up 2.3 percent
(Adds further detail on cost cuts)
By Tom Bergin
LONDON, Nov 4 (Reuters) - France's Total (TOTF.PA: Quote, Profile, Research) and Norwegian rival Statoil (STL.OL: Quote, Profile, Research) have added to the downbeat tone from the oil industry, promising to tackle a tough environment with cost cuts as they announced big drops in third-quarter profit. Continued...
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