REG-TOTAL Trading Statement <Origin Href="QuoteRef">TOTF.PA</Origin>

TotalEnergies SEAnnouncement

15/01/2018 07:40

Trading Statement
                                              Main Indicators                                          
TOTAL (Paris:FP) (LSE:TTA) (NYSE:TOT):
Chart updated around the middle of the month following the end of each       quarter
                      
                        
                        
                        
                          $/                        
                        
                        
                          Brent ($/b)                        
                        
                        
                          Average liquids price*** ($/b)                        
                        
                        
                          Average gas price ($/Mbtu)***                        
                        
                        
                          European refining                          
                            margin ERMI* ($/t)**                          
                        
                      
                      
                        
                          Fourth quarter 2017                        
                        
                        
1.18
                        
                        
61.3
                        
                        
57.6
                        
                        
4.23
                        
                        
35.5
                      
                      
                        
                          Third quarter 2017                        
                        
                        
1.17
                        
                        
52.1
                        
                        
48.9
                        
                        
4.05
                        
                        
48.2
                      
                      
                        
                          Second quarter 2017                        
                        
                        
1.10
                        
                        
49.6
                        
                        
45.1
                        
                        
3.93
                        
                        
41.0
                      
                      
                        
                          First quarter 2017                        
                        
                        
1.06
                        
                        
53.7
                        
                        
49.2
                        
                        
4.10
                        
                        
38.9
                      
                      
                        
                          Fourth quarter 2016                        
                        
                        
1.08
                        
                        
49.3
                        
                        
46.1
                        
                        
3.89
                        
                        
41.0
                      
                    
                      * 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 Totals       particular refinery configurations, product mix effects or other       company-specific operating conditions.                    
                      ** 1 $/t = 0.136 $/b                    
                      *** consolidated subsidiaries, excluding fixed margin contracts,       including hydrocarbon production overlifting / underlifting position       valued at market price.                    
Disclaimer: data is based on Totals reporting, is not audited and is       subject to change.
                                          
                      View source version on businesswire.com:                                              http://www.businesswire.com/news/home/20180114005118/en/                                          
                      TOTAL