Total said in a statement that its headline net profit soared 22 percent to US$6.2 billion (5.8 billion euros) in 2016.
However, the adjusted net profit, which is tracked by analysts because it excludes special items, fell by 21 percent to US$8.3 billion.
And revenues were down nine percent at US$149.7 billion.
Oil prices “were highly volatile in 2016, fluctuating between US$27 per barrel and US$58 per barrel,” said chief executive Patrick Pouyanne.
“In this difficult environment, the group demonstrated its resilience by generating adjusted net income of US$8.3 billion,” he said.
“In this context, the board of directors proposes to increase the dividend, despite the volatility of hydrocarbon prices, to 2.45 euros per share. This demonstrates the board’s confidence in the strength of the group’s results and balance sheet as well as its prospects for cash flow growth.”