Trading Statement

TOTAL S.A.
                  

                                 Main Indicators

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

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                                        European refining                         Average liquids    Average gas price
                           EUR /$          margins TRCV*        Brent ($/b)         price** ($/b)         ($/Mbtu)**
                                               ($/t)
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Third quarter 2007          1.37               23.9                 74.7                71.4                4.83
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Second quarter 2007         1.35               42.8                 68.8                65.7                4.94
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
First quarter 2007          1.31               33.0                 57.8                55.0                5.69
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Fourth quarter 2006         1.29               22.8                 59.6                57.1                6.16
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Third quarter 2006          1.27               28.7                 69.5                65.4                5.59
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Second quarter 2006         1.26               38.3                 69.6                66.2                5.75
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
First quarter 2006          1.20               25.8                 61.8                58.8                6.16
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Fourth quarter 2005         1.19               45.5                 56.9                54.5                5.68
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Third quarter 2005          1.22               44.3                 61.5                57.8                4.65
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Second quarter 2005         1.26               45.0                 51.6                48.0                4.39
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
First quarter 2005          1.31               31.7                 47.6                44.1                4.40
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Fourth quarter 2004         1.30               42.4                 44.0                40.6                4.24
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Third quarter 2004          1.22               32.9                 41.5                39.5                3.54
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Second quarter 2004         1.20               34.4                 35.4                34.2                3.44
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
First quarter 2004          1.25               21.6                 32.0                31.0                3.70
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Fourth quarter 2003         1.19               18.9                 29.4                28.4                3.46
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Third quarter 2003          1.12               14.6                 28.4                27.6                3.04
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
Second quarter 2003         1.14               17.6                 26.0                25.0                3.19
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
First quarter 2003          1.07               32.3                 31.5                30.8                3.39
--------------------- ----------------- ------------------- -------------------- ------------------- -------------------
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* 1 $/t = 0.136 $/b ** consolidated subsidiaries, excluding fixed margin and
buy-back contracts

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

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TOTAL
2, place de la Coupole
La Défense 6
92400 Courbevoie France
Tél. : 33 (1) 47 44 58 53
Fax : [phone]

Jérôme SCHMITT
Pascal BREANT
Laurent WOLFFSHEIM

Robert HAMMOND (Etats-Unis)
Tél. : (1) 201 626 3500
Fax : [phone]

TOTAL S.A.
Capital 6 350 151 080 euros
542 051 180 R.C.S. Nanterre
www.total.com
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