Result of AGM

Total S.A.
17 May 2005


                          May 17, 2005 Annual Meeting
                             _____________________

                             15% dividend increase 

         Pursuing profitable growth policy and large investment program

Paris, May 17, 2005 - At the Annual Meeting held on May 17, 2005, chaired by CEO 
Thierry Desmarest, the shareholders of Total approved all the proposed 
resolutions recommended by the Board of Directors.

During his address, Thierry Desmarest said:

' In 2004, Total delivered strong operational and financial performances. The 
Group achieved record profits, with adjusted net income of 9 billion euros, a 
20% increase compared to 2003. The return on average capital employed reached 
24%, at the level of the best in the industry. These results confirm the success 
of our strategy and demonstrate the quality of the work achieved by Total's 
employees (...)

In 2004, Total pursued a large investment program amounting to 10.7 billion 
dollars, while achieving, through a combination of dividends and buybacks, the 
best return to shareholders among the major oil companies (...)

Total is confident in its ability to extend its long-term profitable growth 
through exploration success and the development of giant projects currently 
being negotiated. The past months have been highlighted by significant progress 
in preparing for such long-term growth, notably through LNG projects in Iran, in 
Yemen and in Qatar, and by the launch of the development of the giant Akpo field 
in Nigeria (...)

In the first quarter 2005, in a favorable market environment for the oil 
industry and sharply improved market conditions for Chemicals, Total recorded an 
adjusted net income of 2.92 billion euros, a 50% increase compared to the first 
quarter 2004. Adjusted earnings per share increased by 54% to 4.90 euros. 
Expressed in dollars, the increase was 62% compared to the first quarter 2004, 
which is the highest percentage increase among the majors.

This performance shows that the Group is able to benefit fully from the high oil 
price environment in the Upstream as well as from the productivity programs that 
have strengthened the Downstream and Chemicals segments (...)

Since the beginning of the second quarter 2005, oil prices and refining margins 
have remained high. Despite compression in petrochemical margins, the Chemicals 
segment continues to benefit from a relatively favorable environment (...)

The planned 2005 investment program amounts to 12 billion dollars and is mainly 
dedicated to Upstream growth, adapting refineries and further developing 
petrochemicals.

During the meeting, the shareholders approved the 2004 accounts and the payment 
of a cash dividend of 5.40 euros per share, an increase of 15% from last year. 
Taking into account the interim dividend of 2.40 euros per share paid on 
November 24, 2004, the remaining balance of 3 euros per share will be paid on 
May 24, 2005.

In addition, the following resolutions, among others, were approved at the 
Annual Meeting :
     
•    Renewal of the three-year term for the following Directors: Mr. Paul 
     Desmarais Jr, Mr. Bertrand Jacquillat and Mr. Maurice Lippens,

•    Appointment of Lord Levene of Portsoken KBE as Director for a three-year 
     term,

•    Grant or renewal of the Board's authority, pursuant to the applicable legal 
     provisions, to continue share buy-backs, to carry out capital increases and 
     to strengthen employee shareholding through stock grants or reserved 
     capital increases.

                                      *****

Total is the fourth largest oil and gas company in the world with operations in 
more than 130 countries. Total's activities cover the whole energy chain of the 
petroleum industry: exploration, oil and gas production, refining and marketing, 
trading and power generation. The Group is also a major player in chemicals. 
Total has more than 111,000 employees worldwide. More information can be found 
on the company's website: www.total.com
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