* Analyst say results was a "strong beat"
* Total says LNG production rose 55% year on year
* Expects 2019 oil and gas output growth to reach 9%
* Says oil market remains volatile, global demand uncertain (Adds share price, detail, analysts comments)
By Bate Felix
PARIS, Oct 30 (Reuters) - French oil major Total reported a smaller than expected third-quarter profit fall as record production growth countered crude and gas price declines that sent profit down 24% year on year.
Output rose 8.4% year on year to more than 3 million barrels of oil equivalent per day, with the company saying it is on track to hit 9% output growth this year thanks to new projects and ramp-ups in Russia, Angola, Nigeria, Norway and Britain.
"The group continues to achieve solid results despite a third-quarter environment ... marked by an 18% decrease in the Brent price to $62 per barrel and gas prices that fell by about 55% in Europe and Asia," CEO Patrick Pouyanne said in a statement.
Debt-adjusted cash flow fell 2% to $7.4 billion while adjusted net profit slumped by 24% to $3.02 billion.
The company's shares were up 1% in early trade and among the top gainers on the Paris bourse.
Analysts at Jefferies described Total's income as a "strong beat", 7% above the broker's own estimate of the company's adjusted net profit for the quarter.
"Bottom line, stronger than expected wherever you look ... despite lower quarter-on-quarter oil and gas prices. The machine is working," Credit Suisse said in a note, adding that net profit beat Total's expectations for $2.8 billion.
Rival BP on Tuesday reported profit down 40% and Italy's ENI <ENI. last week post a 44% profit slide.
Total said that output growth particularly in liquefied natural gas production (LNG) that jumped by 55% helped it to generate strong cashflow.
Its downstream businesses, including marketing and services as well as refining and chemicals, also had strong cashflow growth, rising 14% to $2 billion.
"Despite the volatile European refining margins, the downstream is well positioned to generate cashflow close to $7 billion in 2019," Total said.
The group bought back $1.15 billion of its shares in September and will buy back a total of $1.75 billion of its shares in 2019 as part of its $5 billion buyback programme over the 2018 to 2020 period.
Total said it will speed dividend growth and plans to reward shareholders with a third interim dividend of 0.68 euros per share, up 6% increase on 2018. (Reporting by Bate Felix Editing by David Holmes and David Goodman)