TOTAL: Main Indicators

TOTAL: Main Indicators

TOTAL

TOTAL (Paris:FP) (LSE:TTA) (NYSE:TOT):

Chart updated around the middle of the month following the end of each quarter

	Â	€/$	Â	European refining	Â	Brent ($/b)	Â	Average liquids price*** ($/b)	Â	Average gas price ($/Mbtu)***
Â	Â	Â	Â	margins ERMI* ($/t)**	Â	Â	Â	Â	Â	Â
First quarter 2012	Â	1.31	Â	20.9	Â	118.6	Â	115.2	Â	7.16
Fourth quarter 2011	Â	1.35	Â	15.1	Â	109.3	Â	104.3	Â	6.79
Third quarter 2011	Â	1.41	Â	13.4	Â	113.4	Â	106.8	Â	6.56
Second quarter 2011	Â	1.44	Â	16.3	Â	117.0	Â	110.6	Â	6.60
First quarter 2011	Â	1.37	Â	24.6	Â	105.4	Â	99.5	Â	6.19

* European Refining Margin Indicator (ERMI) is an indicator intended to represent the margin after variable costs for a hypothetical complex refinery located around Rotterdam in Northern Europe that processes a mix of crude oil and other inputs commonly supplied to this region to produce and market the main refined products at prevailing prices in this region. - The indicator margin may not be representative of the actual margins achieved by Total in any period because of Total’s particular refinery configurations, product mix effects or other company-specific operating conditions.

** 1 $/t = 0.136 $/b

*** consolidated subsidiaries, excluding fixed margin and buy-back contracts. Beginning with the first quarter of 2012, includes hydrocarbon production overlifting / underlifting position valued at market price.

Disclaimer : these data are based on Total’s reporting and are not audited. They are subject to change.