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They're benefiting from restructuring, cost reductions, debt reductions and a slightly stronger market environment.
Thomson Reuters said the subsequent cash savings from 2017 would be of a "similar magnitude" to the restructuring cost.
"We had a higher restructuring cost than expected but we did that to improve the profitability of the company going forward".
The deal they reached hands over half of the roughly 7 billion euro ($8.6 billion) restructuring cost to banks, mainly in France.
The oil group said the bulk of the latest $1bn restructuring cost will go towards staff redundancies in all segments, including oil exploration and production, refining and trading and administration.
The restructuring cost is in part due the overhaul of this once-dominant investment bank and includes a £227m write down of the value of its 11-storey building in Stanford, Connecticut – which before the bailout RBS boasted it housed one of the biggest trading floors in the world.
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For all the restructuring, cost-cutting, casual dress codes, changes in workplace complexion and predictions that electronic commerce would change everything, the corporation remains a political place where who gets ahead often depends as much on the comfort level that top executives have with one another as on their executive skills -- a bastion of social relationships.
And it estimates restructuring costs around $400 million.
Severance and restructuring costs totaled $1.5 billion.
Excluding restructuring costs, profit was 74 cents a share.
In total, restructuring costs will reach 3.3 billion francs by 2015.
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