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French Oil Giant Total’s Stock Prices Dip on Paris Exchange After CEO’s Death

EconomyFrench Oil Giant Total's Stock Prices Dip on Paris Exchange After CEO's Death
CEO Christophe de Margerie
CEO Christophe de Margerie

French oil giant Total’s prices on the Euronex stock exchange dropped 2 percent after the death of the company’s CEO in a plane crash in Moscow, the market reported Tuesday.

On the Euronex Exchange, Total’s stocks dropped by 2 percent on the Paris market after news from Moscow verified that CEO Christophe de Margerie had died in a crash with a snowplow on the runway of Vnukovo Airport late Monday night, killing all four individuals on board the aircraft.
Russian investigators have confirmed that the driver of the snowplow was drunk.
The Falcon 50 jet crashed late Monday night in the Vnukovo-3 Airport in Moscow after the aircraft hit a snow removal vehicle on takeoff. The aircraft was flying from Moscow to Paris with energy giant Total’s head Christophe de Margerie as the only passenger on board besides three crew members, also French citizens.

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