3rd Quarter Results

Total S.A.
08 November 2006




             Third quarter 2006 results stable at 3.1 billion euros

                    Interim dividend of 0.87 euro per share,
                an increase of 16% (+25% expressed in dollars)(1)


Main results

•  Third quarter 2006 adjusted net income(2)     3.11 billion euros            -

                                            3.96 billion dollars(3)          +4%

                                               1.35 euros per share          +2%

                                             1.72 dollars per share          +6%

•  Nine months 2006 adjusted net income(4)       9.85 billion euros         +10%

                                               12.3 billion dollars          +8%

                                               4.24 euros per share         +12%
          
                                             5.28 dollars per share         +11%


Highlights since the start of the third quarter 2006

•  Continuing exploration success

-  Positive results in the Gulf of Mexico, Congo, Libya, Nigeria, Angola,
   Indonesia and UK North Sea

-  New acreage in Nigeria, Indonesia, Colombia, Gulf of Mexico and the
   Netherlands

•  Entry in two major LNG projects : Brass LNG in Nigeria and Ichthys LNG in
   Australia

•  Launched development of the Tempa Rossa field in Italy

•  Start-up of Phase I Joslyn field SAGD (steam-assisted gravity drain)

•  Acquisition of 4.35% of Cepsa for 4.54 €/share as per the agreement with
   Santander to settle the arbitration process

•  Agreement on new contractual framework in Bolivia and an increase in the
   share of Block XX to 75%


Paris, November 8, 2006 --- The Board of Directors of Total, chaired by CEO
Thierry Desmarest, met on November 7, 2006 to review the consolidated accounts
for the third quarter 2006. Adjusted net income was 3,111 million euros (M€) in
the third quarter 2006, in line with the level of the third quarter 2005.
Commenting on the results, Thierry Desmarest said :


'After a long period of advances, oil prices lost ground during the third
quarter, following a slowdown in demand growth and as perceptions in the market
about the risks related to global oil supplies eased. Refining margins were
lower than the very high levels reached in 2005 following hurricanes in the Gulf
of Mexico, but market conditions for petrochemicals improved as the cost of
naphtha fell near the end of the quarter.


Expressed in dollars, the 4% increase in adjusted net income reflects the
benefits of a slightly more favorable environment, which were partially offset
by an increase in UK petroleum taxes and lower production volumes. Nonetheless,
the profitability of Total, 29% for the 12 months ended September 30, is still
at the level of the best among the majors. This performance reflects the quality
of the Group's portfolio of activities and the benefit of continued capital
discipline.


Total is continuing to implement its investment program, designed in particular
to generate production growth of close to 4% per year on average for the period
2005 to 2010. Notably with the start-up of the giant Dalia field in Angola
anticipated next month, the return to a period of strong growth is confirmed for
2007. The interim dividend was raised by 16%, a larger increase than the
increase in net income, and this demonstrates that the company is confident of
its ability to return to sustainable long-term strong production growth.'


•    Key figures from the consolidated accounts of Total(5)


3Q06     2Q06     3Q05     3Q06   in millions of euros,                   9M06     9M05     9M06
                           vs     except earnings per share and number of                    vs
                           3Q05   shares                                                    9M05

38,357   40,909   37,055   +4%    Sales                                   117,369  99,042   +19%

6,352    6,672    6,288    +1%    Adjusted operating income from business 19,712   17,100   +15%
                                  segments

3,079    3,369    3,008    +2%    Adjusted net operating income from      9,688    8,659    +12%
                                  business segments

2,033    2,391    2,202    -8%    =  Upstream                             6,824    5,897    +16%

798      787      706      +13%   =  Downstream                           2,235    2,117    +6%

248      191      100      +148%  =  Chemicals                            629      645      -2%

3,111    3,361    3,126    -      Adjusted net income                     9,848    8,951    +10%

1,35     1.45     1.33     +2%    Adjusted fully-diluted earnings per     4.24     3.78     +12%
                                  share (euros)(6)

2,302.3  2,323.0  2,351.8  -2%    Fully-diluted weighted-average shares   2,320.4  2,366.9  -2%
                                  (millions)6

2,419  3,441  3,645  -34%  Net income (Group share)                       9,543    9,932    -4%

2,667  2,779  3,357  -21%  Investments                                    8,196    7,396    +11%

186    624    248    -25%  Divestments (at selling price)                 1,207    838      +44%

5,053  4,046  4,764   +6%  Cash flow from operations                      13,938   11,498   +21%

4,397  4,678  4,154   +6%  Adjusted cash flow from operations             13,362   12,947   +3%

•    Third quarter 2006 results


>  Operating income

In the third quarter 2006, the average Brent price rose to 69.5 $/b, an increase
of 13% compared to the third quarter 2005 and stable compared to the second
quarter 2006. The TRCV European refining margin indicator fell to 28.7 $/t on
average over the quarter, a decrease of 35% compared to the third quarter 2005
and 25% compared to the second quarter 2006.

Petrochemical margins in the Atlantic Basin moved higher relative to the same
quarter last year and the previous quarter.

The euro/dollar exchange rate was 1.27 $/€ in the third quarter 2006 compared to
1.22 $/€ in the third quarter 2005 and 1.26 $/€ in the second quarter 2006.



In this context, the adjusted operating income from the business segments was
6,352 M€, an increase of 1% compared to the third quarter 2005(7).


Adjusted net operating income from the business segments was 3,079 M€ compared
to 3,008 M€ in the third quarter 2005, or an increase of 2%. These results
include charges in the third quarter 2006 related to the increase in UK
petroleum taxes retroactive to January 1, 2006, of which 143 M€ is related to
the first half of 2006. Excluding this 143 M€ charge, the increase in the
adjusted net operating income from the business segments is 7%.

This increase, which is higher than the percentage increase in operating income,
is due notably to the greater contribution of Chemicals in the results and to
the performance of the equity affiliates.


>  Net income

Adjusted net income was 3,111 M€ compared to 3,126 M€ in the third quarter 2005.
This excludes the after-tax inventory effect, special items, and the Group's
equity share of amortization of intangibles related to the Sanofi-Aventis
merger. Excluding the 143 M€ charge for the increase in UK petroleum taxes
related to the first half of 2006, the increase in the adjusted net income is
4%.


The after-tax inventory effect (FIFO vs. replacement cost) had a negative effect
of 478 M€ in the third quarter 2006 compared to a positive effect of 729 M€ in
the third quarter 2005.

Special items had a negative impact on net income of 132 M€ in the third quarter
2006 and were composed mainly of the impact on deferred taxes related to the UK
petroleum tax increase (a charge of 71 M€) and restructuring charges in the
Chemicals segment. In the third quarter 2005, special items had a negative
effect of 98 M€ and were composed mainly of Group's equity share of special
items recorded by Sanofi-Aventis.

The Group's equity share of amortization of intangibles related to the
Sanofi-Aventis merger had a negative impact on net income of 82 M€ in the third
quarter 2006 and 112 M€ in the third quarter 2005.


Reported net income was 2,419 M€ compared to 3,645 M€ in the third quarter 2005.


The effective tax rate (8) for the Group increased to 56% in the third quarter
2006 from 55% in the third quarter 2005, mainly due to the increase in UK
petroleum taxes. In the second quarter 2006, which did not include the increase
in UK petroleum taxes, the effective tax rate was 55%.


In the third quarter 2006, the Group bought back 20 million of its shares(9) for
1,035 M€.


Adjusted fully-diluted earnings per share, based on 2,302.3 million
fully-diluted weighted-average shares, was 1.35 euros in the third quarter 2006
compared to 1.33 euros in the third quarter 2005, an increase of 2%. Excluding
the charge for the increase in UK petroleum taxes related to the first half of
2006, the increase is 6%; expressed in dollars, it is 11%.


>  Investments - divestments

Investments in the third quarter 2006 were 2,667 M€ (or approximately 3.4
billion dollars) compared to 3,357 M€ in the third quarter 2005. Excluding the
890 M€ acquisition of 82% of Deer Creek from the third quarter 2005, investments
expressed in dollars increased by 13% between the third quarter 2005 and the
third quarter 2006.


Divestments in the third quarter 2006 were 186 M€.


>  Cash flow

Cash flow from operations was 5,053 M€, an increase of 6% compared to the third
quarter 2005.

Adjusted cash flow (cash flow from operations before changes in working capital
at replacement cost) was 4,397 M€, an increase of 6%.


Net cash flow(10) was 2,572 M€ compared to 1,655 M€ in the third quarter 2005.


•    Results for the first nine months of 2006

>  Operating income

Compared to the first nine months of 2005, the average oil market environment
for the first nine months of 2006 was marked by a strong increase in oil prices
(+25% for Brent to 67 $/b) and by a decrease in refining margins (-24% for the
TRCV European refining margin indicator to 30.9 $/t).

The environment for Chemicals is generally comparable for the two periods.

The euro/dollar exchange rate was 1.24 $/€ compared to 1.26 $/€ in the first
nine months of 2005.


In this context, the adjusted operating income from the business segments rose
to 19,712 M€, an increase of 15% compared to the first nine months of 2005.

Special items affecting operating income from the business segments had a
negative impact of 177 M€(11) for the first nine months of 2006 and a negative
impact of 11 M€11 for the same period last year.


Adjusted net operating income from the business segments rose to 9,688 M€ from
8,659 M€ in the first nine months of 2005, an increase of 12%. The lower
percentage increase relative to the increase in operating income is mainly a
function of the Upstream segment having a higher effective tax rate and
representing a larger proportion of the results in the first nine months of 2006
compared to the first nine months of 2005.



>  Net income

Adjusted net income increased by 10% to 9,848 M€ from 8,951 M€ in the first nine
months of 2005. This excludes the after-tax inventory effect, special items, and
the Group's equity share of amortization of intangibles related to the
Sanofi-Aventis merger.


The after-tax inventory effect (FIFO vs. replacement cost) had a positive impact
of 78 M€ in the first nine months of 2006 and a positive impact of 1,502 M€ in
the first nine months of 2005.

Special items had a negative impact on net income of 132 M€ in the first nine
months of 2006 and a negative impact of 274 M€ in first nine months of 200511.

The Group's equity share of amortization of intangibles related to the
Sanofi-Aventis merger had a negative impact on net income of 251 M€ in the first
nine months of 2006 and a negative impact of 247 M€ in the first nine months of
2005.


Reported net income was 9,543 M€ versus 9,932 M€ in the first nine months of
2005.


The effective tax rate for the Group was 56% in the first nine months of 2006
and 53% in the first nine months of 2005. The increase in the UK petroleum taxes
accounts for half of the increase. The large share of the Upstream in the
results accounts for most of the remainder.


In the first nine months of 2006, the Group bought back 62 million of its shares
(12) for 3,229 M€. The number of fully-diluted shares as of September 30, 2006
was 2,294.6 million compared to 2,312.9 million on June 30, 2006 and 2,352.2
million on September 30, 2005. In October 2006, the Group bought back 4.7
million shares for 246 M€.


Adjusted fully-diluted earnings per share, based on 2,320.4 million
fully-diluted weighted-average shares rose to 4.24 euros from 3.78 euros in the
first nine months of 2005, an increase of 12%, which is a higher percentage
increase than shown for the adjusted net income thanks to the accretive effect
of the share buybacks.



>  Investments - divestments

Investments were 8,196 M€ compared to 7,396 M€ in the first nine months of 2005.
Investments expressed in dollars increased by 9% to 10.2 billion.



Divestments in the first nine months of 2006 were 1,207 M€ compared to 838 M€
for the first nine months of 2005 and include the sale of Upstream assets in the
US and in France as well as the reimbursement of carried investments on Akpo in
Nigeria.



>  Cash flow

Cash flow from operations was 13,938 M€, an increase of 21% compared to the
first nine months of 2005.

Adjusted cash flow (cash flow from operations before changes in working capital
at replacement cost) was 13,362 M€, an increase of 3%.



Net cash flow was 6,949 M€ compared to 4,940 M€ in the first nine months of
2005.



The net-debt-to-equity ratio was 26% at September 30, 2006 compared to 30% at
June 30, 2006 and 26% at September 30, 2005(13), in line with the target range
of the Group.


•    Analysis of segments results

Upstream

>  Environment - liquids and gas price realizations*
3Q06   2Q06   3Q05   3Q06                                          9M06   9M05   9M06
                     vs                                                          vs
                     3Q05                                                        9M05

69.5   69.6   61.5   +13%   Brent ($/b)                            67.0   53.7   +25%

65.4   66.2   57.8   +13%   Average liquids price ($/b)            63.4   49.9   +27%

 5.59   5.75   4.65   +20%  Average gas price ($/Mbtu)              5.84   4.47   +31%

* consolidated subsidiaries, excluding fixed margin and buy-back contracts


The increase in Total's average liquids price was in line with the increase in
the Brent price for both the third quarter and first nine months comparisons.

Total's average gas price was lower in the third quarter 2006 than in the second
quarter 2006 due to a decrease in spot prices. For the first nine months of
2006, gas prices have benefited from the lag effect on long-term contracts,
essentially in Europe.


>  Production

3Q06    2Q06    3Q05    3Q06   Hydrocarbon production                 9M06    9M05    9M06
                        vs                                                            vs
                        3Q05                                                          9M05

2,294   2,290   2,428   -6%    Combined production (kboe/d)           2,341   2,498   -6%

1,485   1,466   1,607   -8%    =  Liquids (kb/d)                      1,503   1,631   -8%

 4,411   4,501   4,491   -2%   =  Gas (Mcfd)                           4,568   4,742   -4%



Hydrocarbon production was 2,294 thousand barrels of oil equivalent per day
(kboe/d) in the third quarter 2006 compared to 2,428 kboe/d in the third quarter
2005, a decrease of 5.5%, mainly as a result of :

•      -2.5% due to the price effect (14),

•      -1% due to divestments of onshore US assets,

•      -2% due to production shut-downs in the Niger Delta area due to safety
           issues.



Excluding these elements, the positive impact of new field start-ups were offset
by the effects of normal declines, unscheduled maintenance and the termination
of the Jusepin field contract in Venezuela.



Production volumes were stable from the second to the third quarter 2006. The
level of maintenance programs was generally unchanged. The re-start of the
Girassol field was offset by production shut-downs and lower off-takes in the
Netherlands.


>        Results


3Q06   2Q06   3Q05   3Q06   in millions of euros                   9M06     9M05     9M06
                     vs                                                              vs
                     3Q05                                                            9M05

5,000  5,376  5,199  -4%    Adjusted operating income*             15,977   13,421   +19%
2,033  2,391  2,202  -8%    Adjusted net operating income*         6,824    5,897    +16%
 172    155    113    +52%  •   Income from equity affiliates        470      328     +43%
2,073   2,209   2,589   -20%   Investments                            6,363   5,590   +14%
80      502     161     -50%   Divestments                            935     551     +70%
                               at selling price
 2,534   3,371   2,818   -10%  Cash flow                               9,736   7,737   +26%

* detail of adjustment items shown in business segment information



Adjusted net operating income for the Upstream segment was 2,033 M€ in the third
quarter 2006 compared to 2,202 M€ in the third quarter 2005, a decrease of 8%.

The third quarter 2006 includes a charge of 143 M€ for the increase in the UK
petroleum taxes related to the first half of 2006 and 60 M€ for the third
quarter 2006.

Excluding the charge for the increase in UK petroleum taxes related to the first
half of 2006, the decrease would be limited to 1%.

Excluding the increase in UK petroleum taxes in its entirety, the adjusted net
operating income for the Upstream segment would have increased by 2%. This
increase corresponds to the improvement in the equity affiliates, which reflects
the stronger oil market environment and in particular includes the growing
contribution from trains 4 and 5 at Nigeria LNG.

The positive effect of higher oil and gas prices was offset by the negative
impact of lower sales volumes, a decline in the value of the dollar and higher
exploration and production expenses.



The average Upstream tax rate increased to 64% in the third quarter 2006 from
60% in the third quarter 2005 and the second quarter 2006, essentially due to
higher oil and gas prices and the increase in the UK petroleum taxes. The impact
of including the charge for the increase in the UK petroleum taxes related to
the first half of 2006 in the third quarter 2006 is about 3%.

The recurring effect on the tax rate of the Upstream segment caused by the
increase in the UK petroleum tax is expected to be approximately 1.5%.



The return on average capital employed (ROACE(15)) for the Upstream segment for
the twelve months ended September 30, 2006 was 39% compared to 37% for the
twelve months ended September 30, 2005 and 40% for the full year 2005.


Downstream

>  Refinery throughout
3Q06   2Q06    3Q05    3Q06  Refinery throughput (kb/d)                 9M06   9M05    9M06
                       vs                                                              vs
                       3Q05                                                            9M05

2,533  2,432   2,379   +6%   Total refinery throughput*                 2,462  2,407   +2%
976    888     951     +3%   =  France                                  922    944     -2%
1,257  1,214   1,124  +12%   =  Rest of Europe*                         1,228  1,143   +7%
300    330     304     -1%   =  Rest of world                           312    321     -3%

* includes share of Cepsa


The refinery utilization rate was 92% in the third quarter 2006 compared to 88%
in the third quarter 2005 and 86% in the second quarter 2006.

A major turnaround of the steam-cracker at the Port Arthur refinery began at the
end of the third quarter 2006.

In the third quarter 2005, there were turnarounds at the Antwerp and Normandy
refineries.

The utilization rate in the second quarter 2006 was affected by the completion
of a turnaround at the Provence refinery.



>  Results

3Q06   2Q06   3Q05   3Q06  in millions of euros                       9M06   9M05   9M06
                     vs    (except the TRCV refining margin index)                  vs
                     3Q05                                                           9M05

28.7   38.3   44.3   -35%  TRCV - European refining                   30.9      40.4   -24%
                           margin indicator ($/t)

1,002   1,036   981    +2%   Adjusted operating income *                2,894   2,816   +3%
798     787     706    +13%  Adjusted net operating income *            2,235   2,117   +6%
64      81      71     -10% • Income from equity affiliates             206     211   -2%

383     368     493    -22%    Investments                               1,072  1,069   -
90      50      21     +329%   Divestments                               153    124    +23%
                               at selling price
 1,180    984    893    +32%   Cash flow                                  3,365 2,512  +34%
 1,142   1,087   796    +43%   Adjusted cash flow                         3,060 2,520  +21%

* detail of adjustment items shown in business segment information


Adjusted net operating income for the Downstream segment was 798 M€ compared to
706 M€ in the third quarter 2005, an increase of 13%.

The negative impact of the less favorable refining environment was more than
offset by improved conditions in the marketing sector as well as by the increase
in refinery throughput and other favorable market effects.



The ROACE for the Downstream segment for the twelve months ended September 30,
2006 was 28% compared to 32% for the twelve months ended September 30, 2005 and
28% for the full year 2005.


Chemicals

>  Results

Under IFRS rules for discontinued operations, the historical statements on
income, with the exception of net income, have been restated to exclude the
contribution of Arkema.


3Q06   2Q06   3Q05   3Q06  in millions of euros                      9M06     9M05     9M06
                     vs                                                                vs
                     3Q05                                                              9M05

4,849  4,965  4,042  +20%  Sales                                    14,503   12,471   +16%
3,135  3,122  2,402  +31%  =  Base chemicals                         9,120    7,604    +20%
1,713  1,843  1,640  +4%   =  Specialties                            5,382    4,867    +11%

350    260    108    +224%   Adjusted operating income*                841      863     -3%
248    191    100    +148%   Adjusted net operating income*            629      645     -2%
 155     85     1     x155   •   Base chemicals                        318      369    -14%
  87    109     88     -1%   •   Specialties                           299      261    +15%

202    176    275    -27%  Investments                                 702      678     +4%
4      67     -      ns    Divestments                                  99       30   +230%
                           at selling price
 291    (7)    498   -42%  Cash flow                                   247      785    -69%
 329    255    213   +54%  Adjusted cash flow                          889    1,107    -20%

* detail of adjustment items shown in business segment information


Sales for the Chemicals segment increased by 20% to 4,849 M€ in the third
quarter 2006 from 4,042 M€ in the third quarter 2005.



Adjusted net operating income for the Chemicals segment rose to 248 M€, a sharp
increase from the third quarter 2005.

In a context of solid market demand, petrochemical margins benefited from a
decrease in naphtha prices at the end of the quarter.



Specialties continue to benefit from global economic growth and have performed
well taking into account the seasonality of certain activities.



The ROACE for the Chemicals segment for the twelve months ended September 30,
2006 was 13.5%, the same level as for the twelve months ended September 30,
2005. For the full year 2005, the ROACE for the Chemicals segment was 15%.



•    Interim dividend



Net income for Total S.A., the parent company, was 3,429 M€ for the first nine
months of 2006, compared to 2,763 M€ for the first nine months of 2005.

The Board of Directors met on November 7, 2006, and, after reviewing the
accounts, approved an interim 2006 dividend of 0.87 euro per share, an increase
of 16% compared to the interim dividend paid in November 2005.

Expressed in dollars, the increase is 25%(16).

The payment date will be November 17, 2006.



•    Summary and Outlook


For the twelve months ended September 30, 2006, the ROACE was 29% at the Group
level and 32% at the level of the business segments, compared to 29% and 31%
respectively for the twelve months ended September 30, 2005.


The return on equity for the twelve months ended September 30, 2006 was 34%.


The Group maintains its target range of around 25-30% for the net-debt-to-equity
ratio.



Since the beginning of the fourth quarter 2006, oil prices have remained high,
albeit at a level below the year-to-date average, and refining margins have
maintained a level close to that of the third quarter 2006.



To listen to the conference call with CFO Robert Castaigne and financial
analysts today at 15:30 (Paris time), 14:30 (UK time) please call [phone]
0025 in Europe or [phone] in the US (access code : Total) or log on to
the company website www.total.com. For a replay, dial [phone] in
Europe or 1 954 334 0342 (code : 722207).



The September 30, 2006 notes to the consolidated accounts are available on the
Total web site (www.total.com). This document may contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995 with respect to the financial condition, results of operations, business,
strategy and plans of Total. Such statements are based on a number of
assumptions that could ultimately prove inaccurate, and are subject to a number
of risk factors, including currency fluctuations, the price of petroleum
products, the ability to realize cost reductions and operating efficiencies
without unduly disrupting business operations, environmental regulatory
considerations and general economic and business conditions. Total does not
assume any obligation to update publicly any forward-looking statement, whether
as a result of new information, future events or otherwise. Further information
on factors which could affect the company's financial results is provided in
documents filed by the Group and its affiliates with the French Autorite des
Marches Financiers and the US Securities and Exchange Commission.



The business segment information is presented in accordance with the Group
internal reporting system used by the Chief operating decision maker to measure
performance and allocate resources internally. Due to their particular nature or
significance, certain transactions qualified as 'special items' are excluded
from the business segment figures. In general, special items relate to
transactions that are significant, infrequent or unusual. However, in certain
instances, certain transactions such as restructuring costs or assets disposals,
which are not considered to be representative of normal course of business, may
be qualified as special items although they may have occurred within prior years
or are likely to recur within following years.

In accordance with IAS 2, the Group values inventories of crude oil and
petroleum products in the financial statements in accordance with the FIFO
(First in, First out) method and other inventories using the weighted-average
cost method. However, in the note setting forth information by business segment,
the Group continues to present the results for the Downstream segment according
to the replacement cost method and those of the Chemicals segment according to
the LIFO (Last in, First out) method in order to ensure the comparability of the
Group's results with those of its main competitors, notably from North America.
The inventory valuation effect is the difference between the results according
to the FIFO method and the results according to the replacement cost or LIFO
method.

In this framework, performance measures such as adjusted operating income,
adjusted net operating income and adjusted net income are defined as incomes
using replacement cost, adjusted for special items and excluding Total's equity
share of the amortization of intangibles related to the Sanofi-Aventis merger.
They are meant to facilitate the analysis of the financial performance and the
comparison of income between periods.


                        Operating information by segment

                  Third quarter and first nine months of 2006


•    Upstream


3Q06    2Q06    3Q05    3Q06  Combined liquids and gas production by      9M06    9M05    9M06
                        vs    region (kboe/d)                                             vs
                        3Q05                                                              9M05

674     708     698     -3%   Europe                                      720     773     -7%
716     692     753     -5%   Africa                                      717     783     -8%
17      7       40      -58%  North America                               12      44      -73%
250     250     255     -2%   Far East                                    251     248     +1%
396     402     407     -3%   Middle East                                 403     394     +2%
234     225     266     -12%  South America                               231     247     -6%
7       6       9       -22%  Rest of world                               7       9       -22%
2,294   2,290   2,428   -6%   Total production                            2,341   2,498   -6%



3Q06    2Q06    3Q05    3Q06  Liquids production by region (kb/d)         9M06    9M05    9M06
                        vs                                                                vs
                        3Q05                                                              9M05

354     358     367     -4%   Europe                                      363     392     -7%
620     604     682     -9%   Africa                                      626     703     -11%
7       1       9       -22%  North America                               3       10      -70%
28      29      30      -7%   Far East                                    29      30      -3%
345     350     354     -3%   Middle East                                 351     342     +3%
124     118     157     -21%  South America                               124     146     -15%
7       6       8       -13%  Rest of world                               7       8       -13%
1,485   1,466   1,607   -8%   Total production                            1,503   1,631   -8%



3Q06    2Q06    3Q05    3Q06  Gas production by region (Mcfd)             9M06    9M05    9M06
                        vs                                                                vs
                        3Q05                                                              9M05

1,738   1,900   1,798   -3%   Europe                                      1,935   2,068   -6%
509     469     377     +35%  Africa                                      478     426     +12%
48      31      159     -70%  North America                               48      180     -73%
1,240   1,231   1,252   -1%   Far East                                    1,237   1,218   +2%
272     279     288     -6%   Middle East                                 278     280     -1%
602     589     615     -2%   South America                               590     568     +4%
2       2       2       -     Rest of world                               2       2       -
4,411   4,501   4,491   -2%   Total production                            4,568   4,742   -4%



•    Downstream


3Q06   2Q06   3Q05   3Q06 vs Refined product sales by region (kb/d)*     9M06   9M05   9M06
                     3Q05                                                              vs
                                                                                       9M05

2,688  2,658  2,702  -1%      Europe                                     2,677  2,636  +2%
353    318    346    +2%      Africa                                     329    335    -2%
583    603    714    -18%     Americas                                   604    640    -6%
147    198    48     +206%   Rest of world                               192    176    +9%
3,771  3,777  3,810  -1%     Total                                       3,802  3,787  -

* includes trading and equity share of Cepsa


                                Adjustment items


•    Adjustments to operating income from business segments

3Q06   2Q06   3Q05   in millions of euros                                     9M06   9M05

(122)  (50)   -      Special items affecting operating income from business   (177)  (11)
                     segments
(10)   (23)   -      = Restructuring charges                                  (33)   -
(50)   -      -      = Impairments                                            (50)   (11)
(62)   (27)   -      = Other                                                  (94)   -
(681)   383   1,066  Pre-tax inventory effect : FIFO vs. replacement cost       75   2,179

(803)  333    1,066  Total adjustments affecting operating income from        (102)  2,168
                     business segments

•    Adjustments to net income (Group share)

3Q06   2Q06   3Q05   in millions of euros                                     9M06   9M05
(132)  (110)  (98)   Special items affecting net income (Group share)         (132)  (274)
(2)    (35)   (87)   = Equity share of special items recorded by              (35)   (165)
                     Sanofi-Aventis
-      -      -      = Gain on asset sales                                    130    -
(80)   (44)   -      = Restructuring charges                                  (139)  (90)
(32)   -      -      = Impairments                                            (32)   (8)
(18)   (31)   (11)   = Other                                                  (56)   (11)
(82)   (86)   (112)  Adjustment related to the Sanofi-Aventis merger*         (251)  (247)
                             (share of amortization of intangible assets)
(478)  276    729    After-tax inventory effect : FIFO vs. replacement cost   78     1,502

(692)  80     519    Total adjustments to net income                          (305)  981

* based on 13% participation in Sanofi-Aventis at 9/30/2006, 6/30/2006 and 9/30/
  2005



                            Net-debt-to-equity ratio


in millions of euros                                               9/30/2006         6/30/2006           9/30/2005

Current borrowings                                                  11,426            13,707              12,856
Net current financial instruments                                    (108)              45                 (806)
Non-current financial debt                                          12,994            13,256              13,377
Hedging instruments of non-current debt                              (526)             (588)               (599)
Cash and cash equivalents                                          (13,366)          (14,602)            (14,989)
Net debt                                                            10,420            11,818               9,839

Shareholders equity                                                 41,761            40,272              39,725
Accrued dividend payable based on shares                            (2,756)           (1,860)             (2,362)

at the close of the period*
Minority interests                                                    863               783                1,015
Equity                                                              39,868            39,195              38,378

Net-debt-to-equity ratio                                             26.1%             30.2%               25.6%

* as of September 30, 2006, this represents a dividend of 1.62 €/share for each
  2.5 € par value share


                              2006 Sensitivities*

                         Scenario    Change       Impact on operating          Impact on net
                                                  income (e)               operating income (e)
€/$                      1.20 $/€    +0.1 € per $ +1.6 B€                  +0.8 B€


Brent                    40-50 $/b   +1 $/b       +0.41 B€                 +0.17 B€

TRCV - European refining 25 $/t      +1 $/t       +0.09 B€                 +0.06 B€
margin indicator

* sensitivities revised once per year upon publication of the previous year
  fourth quarter results


                       Return on average capital employed


•   For the 12 months ended September 30, 2006


in millions of euros           Upstream   Downstream       Chemicals**           Segments                   Group

Adjusted net operating income    8,956       3,034             951                12,941                    13,680
Capital employed                21,663      10,017            6,837               38,517                    45,273
at September 30, 2005*
Capital employed                24,561      11,431            7,257               43,249                    50,371
at September 30, 2006*
ROACE                            38.8%       28.3%            13.5%               31.7%                     28.6%

* at replacement cost (excluding after-tax inventory effect)

** capital employed for Chemicals reduced for Arkema by 2,268 M€ at 9/30/2005
   and for the Toulouse-AZF provision of 45 M€ pre-tax at 9/30/2005 and 85 M€
   pre-tax at 9/30/2006


•    For the 12 months ended September 30, 2005


in millions of euros           Upstream   Downstream       Chemicals**           Segments                   Group

Adjusted net operating income    7,302       2,955             917                11,174                    11,943
Capital employed                17,700       8,451            6,776               32,927                    37,157
at September 30, 2004*
Capital employed                21,663      10,017            6,837               38,517                    45,274
at September 30, 2005*
ROACE                            37.1%       32.0%            13.5%               31.3%                     29.0%

* at replacement cost (excluding after-tax inventory effect)

** capital employed for Chemicals reduced for Arkema by 2,411 M€ at 9/30/2004
   and by 2,268 M€ at 9/30/2005 and for the Toulouse-AZF provision of 139 M€
   pre-tax at 9/30/2004 and 45 M€ pre-tax at 9/30/2005


•     For the full year 2005


in millions of euros           Upstream   Downstream       Chemicals**           Segments                   Group

Adjusted net operating income    8,029       2,916             967                11,912                    12,586
Capital employed                16,280       9,654            6,205               32,139                    38,314
at December 31, 2004*
Capital employed                23,522      11,421            6,885               41,828                    49,341
at December 31, 2005*
ROACE                            40.3%       27.7%            14.8%               32.2%                     28.7%

* at replacement cost (excluding after-tax inventory effect)

** capital employed for Chemicals reduced by 2,058 M€ for Arkema at 12/31/2004
   and 2,235 M€ at 12/31/2005 and for the Toulouse-AZF provision of 110 M€ 
   pre-tax at 12/31/2004 and 133 M€ pre-tax at 12/31/2005


--------------------------

(1) adjusted net income = net income using replacement cost (Group share)
adjusted for special items and excluding Total's share of amortization of
intangibles related to the Sanofi-Aventis merger ; the changes in the adjusted
net income and the interim dividend are relative to the third quarter 2005 ;
assumes an exchange rate of 1€ = $1.27 on the payment date to calculate the
change in the interim dividend expressed in dollars

(2) percent changes are relative to the third quarter 2005

(3) dollar amounts represent euro amounts converted at the average €/$ exchange
rate for the period (1.2743 $/€ in the third quarter 2006, 1.2199 $/€ in the
third quarter 2005, 1.2582 $/€ in the second quarter 2006, 1.2447 $/€ in the
first nine months of 2006, and 1.2626 $/€ in the first nine months of 2005)

(4) percent changes are relative to the first nine months of 2005

(5) adjusted income is defined as income using replacement cost, adjusted for
special items and excluding Total's equity share of amortization of intangibles
related to the Sanofi-Aventis merger ; adjusted cash flow from operations is
defined as cash flow from operations before changes in working capital at
replacement cost ; adjustment items are listed on page 14.

Reminder : under IFRS rules for discontinued operations, the historical
statements (3Q05 and 9M05) of income with the exception of net income, have been
restated to exclude the contribution of Arkema.


(6) adjusted retroactively to take into account the 4-for-1 stock split
completed on May 18, 2006


(7) special items affecting operating income from business segments in the third
quarter 2006 included restructuring charges in the Chemicals segment ; there
were no special items affecting operating income from business segments in the
third quarter 2005


(8) defined as : (tax on adjusted net operating income) / (adjusted net
operating income - income from equity affiliates, dividends received from
investments and impairments of acquisition goodwill + tax on adjusted net
operating income)


(9) excludes 2.3 million shares which are reserved for share grants as per
decision of the Board on July 18, 2006


(10) net cash flow = cash flow from operations + divestments - investments


(11) details of these elements shown on page 14


(12) excludes 2.3 million shares which are reserved for share grants as per
decision of the Board on July 18, 2006


(13) calculations detailed on page 15


(14) impact of hydrocarbon prices on entitlement volumes from production sharing
and buy-back contracts


(15) calculated based on adjusted net operating income and average capital
employed, using replacement cost, as shown on page 16


(16) based on an exchange rate of 1€ = $1.27 on the date of payment


                      This information is provided by RNS
            The company news service from the London Stock Exchange