Trading Statement

Trading Statement

TOTAL

Main indicators

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

Â	Â	€/$	Â	European refining margins ERMI* ($/t)**	Â	Brent ($/b)	Â	Average liquids price*** ($/b)	Â	Average gas price ($/Mbtu)***
First quarter 2010		1.38		29.5		76.4		74.2		5.06
Fourth quarter 2009		1.48		11.7		74.5		70.6		5.07
Third quarter 2009		1.43		12.0		68.1		65.1		4.89
Second quarter 2009		1.36		17.1		59.1		54.8		4.71
First quarter 2009		1.30		30.5		44.5		41.5		5.98
Fourth quarter 2008		1.32		40.9		55.5		49.4		7.57
										Â

* 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.

TRCV was the indicator margin reported in previous quarters in the interim updates. For information, TRCV is 19.3 $/t for first quarter 2010.

** 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.

TOTAL
2, place de la Coupole2, place de la Coupole
La Défense 6La Défense 6
92400 Courbevoie France92400 Courbevoie France
Tél. : 33 (1) 47 44 58 53Tél. : 33 (1) 47 44 58 53
Fax : [phone]Fax : [phone]

Jérôme SCHMITTJérôme SCHMITT
Pascal BREANTPascal BREANT
Laurent WOLFFSHEIMLaurent WOLFFSHEIM

Robert HAMMOND (Etats-Unis)Robert HAMMOND (Etats-Unis)
Tél. : (1) 201 626 3500Tél. : (1) 201 626 3500
Fax : (1) 201 626 4004Fax : (1) 201 626 4004

TOTAL S.A.TOTAL S.A.
Capital 6 350 151 080 eurosCapital 6 350 151 080 euros
542 051 180 R.C.S. Nanterre542 051 180 R.C.S. Nanterre
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