REG-TOTAL Trading Statement

TotalEnergies SEAnnouncement

15/10/2020 07:55

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Trading Statement

 

TOTAL: Main Indicators

Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
                      €/$    Brent  Average liquids price*  Average gas price*  Average LNG price**  Variable Cost Margin,  
                                                                                                     
                      
                                                                                                     European refining***   
                             ($/b)  ($/b)                   ($/Mbtu)            ($/Mbtu)             ($/t)                  
 Third quarter 2020   1.17   42.9   39.9                    2.52                3.57                 -2.7                   
 Second quarter 2020  1.10   29.6   23.4                    2.61                4.40                 14.3                   
 First quarter 2020   1.10   50.1   44.4                    3.35                6.32                 26.3                   
 Fourth quarter 2019  1.11   63.1   59.1                    3.76                6.52                 30.2                   
 Third quarter 2019   1.11   62.0   58.0                    3.48                5.93                 47.4                   


* Sales in $ / Sales in Volume for consolidated affiliates (excluding stock
value variation).

** Sales in $ / Sales in Volume for consolidated and equity affiliates
(excluding stock value variation).

*** This indicator represents the average margin on variable costs realized by
Total’s European refining business (equal to the difference between the
sales of refined products realized by Total’s European refining and the
crude purchases as well as associated variable costs, divided by refinery
throughput in tons).

Disclaimer: Data is based on Total’s reporting and is not audited.

To the extent permitted by law, TOTAL S.A. disclaims all liability from the
use of the main indicators.



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