PARIS Ugg Bailey Button Boots, Feb. 12 (UPI) -- French supermajor Total announced Thursday it could postpone several major investments due to the need to cut costs Uggs Slippers, officials said. Total Chief Executive Officer Christophe de Margerie made the announcements following the disclosure of financial results from the fourth quarter of 2008. Total said in the results posted on its Web site that it was "determined to reduce the cost of its projects by reviewing contractual terms Uggs Laarzen Bailey Button, technical plans and timing." De Margerie said at a news conference in Paris that remaining on the sidelines until industrial costs come down was beneficial to long-term strategies Ugg Slippers, the Platts news service reported. "Our projects can benefit from a reduction in costs Ugg Classic Cardy Bottes, and when costs reduce we can then take advantage Ugg Classic Knit Bottes," he said. Total, however, said it would not adjust its capital spending forecast of $18 billion for 2009. Despite the global recession and declines in oil prices of more than $100 per barrel from July peaks, Total reported a record year for 2008. "In this environment Uggs Laarzen Ultra Tall 5245, our adjusted net income for 2008 rose to a record high of more than $20 billion, an increase of 22 percent," De Margerie said.

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