French oil giant Total SA reported a $1.63 billion fourth-quarter loss on Thursday and said it would cut billions more in spending, rocked by low oil prices that forced it to devalue projects. Total joined other big international peers like BP PLC and Chevron Corp. in turning in fourth-quarter losses. Exxon Mobil Corp. said its net income for the quarter was the lowest in more than a decade, as oil prices fell 70% in 20 months.