Total: First Quarter 2013 Results1

  Total:First Quarter 2013 Results1

Business Wire

PARIS -- April 26, 2013

Regulatory News:

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

                                                           Change
                                 1Q13     1Q12      
                                                           vs 1Q12
                                                   
Adjusted net income^2.
                                                                   
-- in billion euros (B€)          2.9       3.1            -7%
-- in billion dollars (B$)        3.8       4.0            -6%
                                                                   
-- in euros per share             1.26      1.36           -7%
-- in dollars per share           1.67      1.78           -7%
                                                                   
                                                   
                                                                   
Net income^3 of 1.5 B€ in the first quarter 2013



Net-debt-to-equity ratio of 25.9% on March 31, 2013
Upstream production of 2,323 kboe/d in the first quarter 2013



1Q13 interim dividend of 0.59 €/ share payable in September 2013^4

Commenting on the results, Christophe de Margerie, Chairman and CEO said:

« The Group delivered solid results of 2.9 billion euros in adjusted net
income for the first quarter, illustrating the Group’s many strengths.

In the UK North Sea, the Group internalized lessons learned to successfully
restart the Elgin-Franklin fields in March. With the launch of the Moho Nord
project, the most significant of its kind in the Republic of Congo, the Group
will deploy innovative deep-offshore technologies, further demonstrating the
Group’s ability to expand its horizons while respecting the social and
environmental commitments inherent to its operations.

The Group’s commitment to strict investment discipline was evidenced, in
particular, by the sale of its interest in the Voyageur upgrader in Canada
following a comprehensive review of strategic options.

Finally, in the downstream, the quality of the results generated in the first
quarter highlights the progress made in implementing the optimization
programs.

With this ability to adapt to an evolving environment and opportunity set,
Total continues to progress with confidence toward achieving its goals. »

  *Key figures^5

in millions of euros
                                     1Q13    4Q12    1Q12    1Q13 vs 1Q12
except earnings per share and
number of shares
Sales                                48,130  49,868  51,168  -6%
Adjusted operating income from       5,779   5,819   6,788   -15%
business segments
Adjusted net operating income from   3,114   3,320   3,262   -5%
business segments
- Upstream                           2,466   2,686   3,057   -19%
- Refining & Chemicals                383      367      64       X6
- Marketing & Services               265     267     141     88%
Adjusted net income                  2,863   3,041   3,080   -7%
Adjusted fully-diluted earnings per  1.26    1.34    1.36    -7%
share (euros)
Fully-diluted weighted-average       2,269   2,270   2,265   -
shares (millions)
                                                         
Net income (Group share)             1,537   2,341   3,668   -58%
                                                         
Investments^6                        5,984   6,623   5,940   1%
Divestments                          616     1,566   1,690   -64%
Net investments                      5,368   5,057   4,250   26%
Cash flow from operations            3,718   5,865   5,267   -29%
Adjusted cash flow from operations   5,209   5,691   5,095   2%
                                                         
In millions of dollars^7
                                     1Q13    4Q12    1Q12    1Q13 vs 1Q12
except earnings per share and
number of shares
Sales                                63,560  64,664  67,071  -5%
Adjusted operating income from       7,632   7,545   8,898   -14%
business segments
Adjusted net operating income from   4,112   4,305   4,276   -4%
business segments
- Upstream                            3,257    3,483    4,007    -19%
- Refining & Chemicals                506      476      84       X6
- Marketing & Services               350     346     185     89%
Adjusted net income                  3,781   3,943   4,037   -6%
Adjusted fully-diluted earnings per  1.67    1.74    1.78    -7%
share (euros)
Fully-diluted weighted-average       2,269   2,270   2,265   -
shares (millions)
Net income (Group share)             2,030   3,036   4,808   -58%
Investments^6                        7,902   8,588   7,786   1%
Divestments                          813     2,031   2,215   -63%
Net investments                      7,089   6,557   5,571   27%
Cash flow from operations            4,910   7,605   6,904   -29%
Adjusted cash flow from operations   6,879   7,380   6,679   3%

  *Main events since the start of the first quarter 2013

       *Launched the development of Moho Nord in the Republic of Congo
       *Restarted production at Elgin-Franklin in the UK North Sea
       *Exploration well Ivoire-1X on block CI-100 in the Ivory Coast
         encountered a horizon with high-quality oil.
       *Expanded exploration acreage by obtaining permits in offshore Cyprus
       *Finalized an agreement to acquire an additional 6% in the Ichthys LNG
         project in Australia
       *Sold of a 49% stake in the Voyageur project in Canada and finalized
         the sale of a 9.99% indirect interest in Block 14 offshore Angola
       *Announced the sale of a 25% interest in Tempa Rossa in Italy
       *Signed agreement with a consortium of buyers for the sale of TIGF, a
         natural gas transportation and storage affiliate in France
       *Received a binding offer and entered into exclusive negotiations for
         the sale by Total of its fertilizers business subsidiary GPN SA

  *First quarter 2013 results

> Operating income from business segments

In the first quarter 2013, the Brent price averaged 112.6 $/b, a decrease of
5% compared to the first quarter 2012 and an increase of 2% compared to the
fourth quarter 2012. The European refining margin indicator (ERMI) averaged
26.9 $/t, an increase of 29% compared to the first quarter 2012, but a
decrease of 21% compared to the fourth quarter2012. The environment for
petrochemicals improved in Europe thanks to a decline in feedstock costs, yet
demand continued to be weak.

The euro-dollar exchange rate averaged 1.32 $/€ in the first quarter 2013,
compared to 1.31 $/€ in the first quarter 2012 and 1.30 $/€ in the fourth
quarter 2012.

In this environment, the adjusted operating income^8 from business segments
was

5,779M€, a decrease of 15% compared to the first quarter 2012. Expressed in
dollars, there was a decrease of 14%. This decrease is essentially due to the
decrease in Upstream results compared to the first quarter 2012, which was
partially offset by improved results from Refining & Chemicals and Marketing &
Services.

The effective tax rate^9 for the business segments was 58.1% in the first
quarter 2013 compared to 60.1% in the first quarter 2012, essentially due to
an increased contribution of downstream activities to the pre-tax results of
the Group.

Adjusted net operating income from the business segments was 3,114 M€ for the
first quarter 2013 compared to3,262M€ in the first quarter 2012, a decrease
of 5%.

Expressed in dollars, the adjusted net operating income from the business
segments was 4.1 B$, a decrease of 4% compared to the first quarter 2012. This
decrease is mainly due to a lower contribution from Upstream in an environment
less favorable than that of the first quarter 2012.

> Net income (Group share)

Adjusted net income was 2,863 M€ compared to 3,080 M€ in the first quarter
2012, a decrease of 7%. Expressed in dollars, adjusted net income decreased by
6%.

Adjusted net income excludes the after-tax inventory effect, the effect of
changes in fair value, and special items^10:

  *The after-tax inventory effect had a negative impact on net income of 51
    M€ in the first quarter 2013 compared to a positive impact of 590 M€ in
    the first quarter 2012.
  *Changes in fair value had a positive impact on net income of 1 M€ in the
    first quarter2013 compared to a negative impact of 20 M€ in the first
    quarter 2012.
  *Special items^11 had a negative impact on net income of 1,276 M€ in the
    first quarter2013, comprised essentially of a net loss of 1,247 M€
    relating to the sale of a 49%interest in the Voyageur upgrader project in
    Canada. This decision, following a strategic review of this project, is
    consistent with the Group’s commitment to economically develop its
    Canadian oil sands projects and provides investment savings of about 6 B$
    over the next five years.
  *In the first quarter 2012, special items had a positive impact of 18 M€.

Net income (Group share) was 1,537 M€ compared to 3,668 M€ in the first
quarter 2012.

The effective tax rate for the Group was 58.8% in the first quarter 2013,
compared to 60.6% in the first quarter 2012.

On March 31, 2013, there were 2,269 million fully-diluted shares, compared to
2,264 on March 31, 2012.

Adjusted fully-diluted earnings per share, based on 2,269 million
fully-diluted weighted-average shares, was €1.26, compared to €1.36 in the
first quarter 2012.

Expressed in dollars, adjusted fully-diluted earnings per share decreased by
7% to $1.67.

> Investments – Divestments^12

Investments, excluding acquisitions and including changes in non-current
loans, were4.85B€ (6.4 B$) in the first quarter 2013, an increase of 25%
compared to 3.9 B€ (5.1 B$) in the first quarter 2012.

Acquisitions were 934 M€ (1,233 M$) in the first quarter 2013, comprised
essentially of the acquisition of an additional 6% stake in Ichthys LNG,
exploration permits in Mozambique, and the carry agreement in the Utica shale
gas and condensates field in the United States.

Asset sales in the first quarter 2013 were 420 M€ (555 M$), including mainly
the sale of a 49% interest in the Voyageur upgrader project in Canada. Several
asset sales have been announced by the Group, including TIGF, Usan, and Tempa
Rossa, which are in-progress and are not reported in the accounts of the first
quarter 2013. These transactions represent about 5 B$ in the aggregate.

Net investments^12 were 5.4 B€ (7.1 B$) in the first quarter 2013 compared
to4.2 B€ (5.6 B$) in the first quarter 2012.

> Cash flow

Cash flow from operations was 3,718 M€ in the first quarter 2013, a decrease
of 29% compared to the first quarter 2012.

Adjusted cash flow from operations^14 was 5,209 M€, an increase of 2% compared
to the first quarter 2012. Expressed in dollars, adjusted cash flow from
operations was 6.9B$, an increase of 3% compared to the first quarter 2012.

The Group’s net cash flow^15 was negative 1,650 M€, compared to positive 1,017
M€ in the first quarter 2012.

Expressed in dollars, the Group’s net cash flow was negative 2.2 B€ in the
first quarter2013, compared to positive 1.3 B€ in the first quarter 2012.
This decrease is mainly due to changes in working capital and net investments
between the two periods.

The net-debt-to-equity ratio was 25.9% on March 31, 2013, compared to 21.9% on
December 31, 2012, and 22.6% on March 31, 2012.^16

  *Analysis of business segment results

Upstream

> Environment – liquids and price realizations*

                          1Q13     4Q12     1Q12     1Q13 vs  
                                                                  1Q12
Brent ($/b)                112.6    110.1    118.6    -5%
Average liquids price      106.7    106.4    115.2    -7%
($/b)
Average gas price          7.31     6.94     7.16     +2%
($/Mbtu)
Average hydrocarbons       77.4     77.0     82.1     -6%
price ($/boe)

* consolidated subsidiaries, excluding fixed margins

> Production

Hydrocarbon production     1Q13     4Q12     1Q12     1Q13 vs  
                                                                  1Q12
Combined production        2,323    2,293    2,372    -2%
(kboe/d)
-- Liquids (kb/d)          1,193    1,206    1,229    -3%
-- Gas (Mcf/d)             6,137    5,897    6,226    -1%

Hydrocarbon production was 2,323 thousand barrels of oil equivalent per day
(kboe/d) in the first quarter 2013, a decrease compared to the first quarter
2012, essentially as a result of:

  *+4% for start-ups and ramp-ups of new projects,
  *-3% for normal decline and maintenance,
  *-0.5% for portfolio changes, comprised essentially of the sale of assets
    in the UK, Nigeria and Columbia, net of the positive effect of an
    increased interest in Novatek,
  *-2.5% for the incident at Elgin in the UK North Sea and security
    conditions in Nigeria.

Results

Effective July 1, 2012, the Upstream segment no longer includes the activities
of New Energies, which are now reported with Marketing & Services. As a
result, certain information has been restated according to the new
organization.

in millions of euros       1Q13     4Q12     1Q12     1Q13 vs  
                                                                  1Q12
Adjusted operating         4,960    5,049    6,508    -24%
income*
Adjusted net operating     2,466    2,686    3,057    -19%
income*
-- includes adjusted
income from equity         633      350      495      +28%
affiliates
Investments                5,255    5,518    5,306    -1%
Divestments                543      1,415    748      -27%
Cash flow from             4,150    4,429    5,766    -28%
operating activities
Adjusted cash flow
                           4,186    4,494    4,713    -11%
from operating
activities

* Detail of adjustment items shown in the business segment information annex
to financial statements..

Adjusted net operating income from the Upstream segment was 2,466 M€ in the
first quarter 2013 compared to 3,057 M€ in the first quarter 2012, a decrease
of 19%. Expressed in dollars, adjusted net operating income from the Upstream
segment was 4,007 M$ in the first quarter of 2012, compared to 3,257 M$ in the
first quarter 2013. The decrease is explained by a less favorable environment
and a decrease in production between the two periods, as well as higher
technical costs. The increase in technical costs is mainly due to higher
amortization.

The effective tax rate for the Upstream segment was 62.7%, compared to 61.0%
in the first quarter 2012, mainly due to increased non-deductible exploration
charges.

For the twelve months ended March 31, 2013, the return on average capital
employed (ROACE^16) for the Upstream segment was 17%, compared to 18% for the
full-year 2012.

The annualized for the first quarter 2013 ROACE of the Upstream segment was
15%.

Refining & Chemicals

> Refinery throughput and utilization rates*

                          1Q13     4Q12     1Q12     1Q13 vs  
                                                                  1Q12
Total refinery             1,763    1,648    1,830    -4%
throughput (kb/d)
-- France                  627      532      692      -9%
-- Rest of Europe             866         847         879         -1%
-- Rest of world           270      269      259      +4%
Utilization rates**                                
-- Based on crude only        83%         76%         82%
-- Based on crdue and      86%      79%      88%      
other feedstock

* includes share of TotalErg. Results for refineries in South Africa, French
Antilles and Italy are reported in the Marketing & Serives segment.

** based on distillation capacity at the beginning of the year

The decrease in refinery throughput compared to the first quarter 2012 is
mainly due to the turnaround of the Normandy refinery in the context of a
modernization project for the first part of the quarter, maintenance at the
Donges refinery, and the closure of the Rome refinery that occurred at the end
of the third quarter 2012. Throughput was down at the beginning of the quarter
during a challenging environment, yet progressively returned to levels
comparable to those of the first quarter 2012.

> Results

in millions of euros         1Q13     4Q12    1Q12    1Q13 vs  
(except the ERMI)                                                 1Q12
European refining margin
                             26.9     33.9    20.9    +29%
indicator - ERMI ($/t)
Adjusted operating           410      388     (43)    n/a
income*
Adjusted net operating       383      367     64      x6
income*
-- contribution of           90       94      91      -1%
Specialty Chemicals**
nvestments                   533      573     429     +24%
Divestments                  27       101     141     -81%
Cash flow from operations    (288)    502     (36)    n/a
Adjusted cash flow from      563      672     128     x4
operations

* detail of adjustment items shown in the business segment information annex
to financial statements

** Hutchinson, Bostik, Atotech

The ERMI averaged 26.9 $/t in the first quarter 2013, an increase of 29%
compared to the first quarter 2012.

Adjusted net operating income from the Refining & Chemicals segment was 383 M€
in the first quarter 2013, nearly six times than that of the first quarter
2012.

Expressed in dollars, the increase is identical and is due to the improvement
of refining margins and petrochemical margins at the end of the quarter as
well as improved operational performance of facilities.

For the twelve months ended March 31, 2013, the ROACE for the Refining &
Chemicals segment was 10%, compared to 9% for the full-year 2012.

The annualized first quarter 2013 ROACE of the Refining & Chemicals segment
was 9%.

Marketing & Services

> Refined product sales

Sales in kb/d*        1Q13     4Q12     1Q12     1Q13 vs 1Q12  
Europe                1,108    1,123    1,211    -9%
Rest of world         607      583      529      +15%
Total sales           1,715    1,706    1,740    -1%
volumes

* excludes trading and bulk sales, includes share of TotalErg

In the first quarter 2013, sales volumes decreased by 1% compared to the first
quarter2012. This decrease is due to a decline in European sales, which were
particularly impacted by the closure of the Rome refinery, in an environment
of decreasing demand for refined products. The decrease in sales of specialty
products was partially offset by increased sales outside of Europe.

> Results

Effective July 1, 2012, Marketing & Services includes the activities of New
Energies. As a result, certain information has been restated according to the
new organization.

in millions of euros    1Q13      4Q12      1Q12      1Q13 vs  
                                                                  1Q12
Sales                   20,999    21,669    21,852    -4%
Adjusted operating      409       382       323       +27%
income*
Adjusted net            265       267       141       +88%
operating income*
-- contribution of      (13)      14        (116)     n/a
New Energies
Investments             187       508       198       -6%
Divestments             38        46        45        -16%
Cash flow from          (93)      1 024     (444)     n/a
operating activities
Adjusted cash flow      434       353       270       +61%

*detail of adjustment items shown in the business segment information annex to
financial statement.

Marketing & Services sales were 21 B€, a decrease of 4% compared to the first
quarter2012.

Adjusted net operating income from the Marketing & Services segment was 265 M€
in the first quarter 2013, an increase of 88% compared to the first quarter
2012, mainly due to improved margins on certain specialty products and an
improved contribution from New Energies.

For the twelve months ended March 31, 2013, the ROACE for the Marketing &
Services segment was 13%, compared to 12% for the full-year 2012.

The annualized first quarter 2013 ROACE of the Marketing & Services segment
was15%.

  *Summary and Outlook

The ROACE for the Group for the twelve months ended March 31, 2013, was 15%,
compared to 16% for the full-year 2012. The annualized first quarter 2013
ROACE for the Group was 14%.

The return on equity for the twelve months ended March 31, 2013, was 17%,
compared to 18% for the full-year 2012.

Pending approval at the May 17, 2013 Annual Shareholders Meeting, TOTAL S.A.
will pay on June 27, 2013, the 0.59 €/share remainder of the 2012 dividend.^17
The 2012 cash dividend represents a total of 2.34 €/share, an increase of 3%
compared to the previous year.

In addition, the Board of Directors decided on April 25, 2013, to pay a first
quarter 2013 interim dividend of 0.59 €/share on September 27, 2013.^18

Since the beginning of the year, the Group successfully restarted production
at Elgin-Franklin in the UK North Sea following the approval of the safety
case by UK authorities. Production has reached nearly 50% of the fields’
potential. The next scheduled start-ups include Angola LNG, Sulige in China,
and Kashagan in Kazakhstan. Total continues to pursue the development of its
major projects, most recently with the launch of Moho Nord.

The Group’s ambitious exploration program continues with high-potential wells
targeting frontier prospects, including in Gabon, Kenya and Indonesia. 80% of
Total’s exploration potential this year is yet to be drilled.

In the downstream, refinery throughput in the second quarter will be impacted
by a turnaround at Carling and scheduled maintenance at Antwerp. Since the
beginning of the second quarter 2013, European refining margins and
petrochemicals margins have been trending favorably.

To listen to a presentation by CFO Patrick de la Chevardière to financial
analysts today at 15:00 (Paris time), please log on to www.total.com or call
+44 (0)203367 9459 in Europe or +1855402 7763 in the U.S. (listen-only).
For a replay, please consult the website or call +44 (0)203367 9460 in Europe
or +1877642 3018 in the U.S. (code: 281 147).

This press release presents the first quarter 2013 results from the interim
consolidated financial statements of TOTAL S.A. as of March 31, 2013. The
notes to these consolidated financial statements (unaudited) are available on
the TOTAL web site (www.total.com).

This document may contain forward-looking information on the Group (including
objectives and trends), as well as forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, notably with
respect to the financial condition, results of operations, business, strategy
and plans of TOTAL. These data do not represent forecasts within the meaning
of European Regulation No. 809/2004.

Such forward-looking information and statements included in this document are
based on a number of economic data and assumptions made in a given economic,
competitive and regulatory environment. They may prove to be inaccurate in the
future, and are subject to a number of risk factors that could lead to a
significant difference between actual results and those anticipated, including
currency fluctuations, the price of petroleum products, the ability to realize
cost reductions and operating efficiencies without unduly disrupting business
operations, environmental regulatory considerations and general economic and
business conditions. Certain financial information is based on estimates
particularly in the assessment of the recoverable value of assets and
potential impairments of assets relating thereto.

Neither TOTAL nor any of its subsidiaries assumes any obligation to update
publicly any forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information, future
events or otherwise. Further information on factors, risks and uncertainties
that could affect the Company’s financial results or the Group’s activities is
provided in the most recent Registration Document filed by the Company with
the French Autorité des Marchés Financiers and annual report on Form 20-F
filed with the United States Securities and Exchange Commission (“SEC”).

Financial information by business segment is reported in accordance with the
internal reporting system and shows internal segment information that is used
to manage and measure the performance of TOTAL. Performance indicators
excluding the adjustment items, such as adjusted operating income, adjusted
net operating income, and adjusted net income are meant to facilitate the
analysis of the financial performance and the comparison of income between
periods. These adjustment items include:

(i) Special items

Due to their unusual nature or particular significance, certain transactions
qualified as "special items" are excluded from the business segment figures.
In general, special items relate to transactions that are significant,
infrequent or unusual. However, in certain instances, transactions such as
restructuring costs or asset disposals, which are not considered to be
representative of the normal course of business, may be qualified as special
items although they may have occurred within prior years or are likely to
occur again within the coming years.

(ii) Inventory valuation effect

The adjusted results of the Refining & Chemicals and Marketing & Services
segments are presented according to the replacement cost method. This method
is used to assess the segments’ performance and facilitate the comparability
of the segments’ performance with those of its competitors.

In the replacement cost method, which approximates the LIFO (Last-In,
First-Out) method, the variation of inventory values in the statement of
income is, depending on the nature of the inventory, determined using either
the month-end prices differential between one period and another or the
average prices of the period rather than the historical value. The inventory
valuation effect is the difference between the results according to the FIFO
(First-In, First-Out) and the replacement cost.

(iii) Effect of changes in fair value

The effect of changes in fair value presented as an adjustment item reflects
for some transactions differences between internal measures of performance
used by TOTAL’s management and the accounting for these transactions under
IFRS.

IFRS requires that trading inventories be recorded at their fair value using
period-end spot prices. In order to best reflect the management of economic
exposure through derivative transactions, internal indicators used to measure
performance include valuations of trading inventories based on forward prices.

Furthermore, TOTAL, in its trading activities, enters into storage contracts,
which future effects are recorded at fair value in Group’s internal economic
performance. IFRS precludes recognition of this fair value effect.

The adjusted results (adjusted operating income, adjusted net operating
income, adjusted net income) are defined as replacement cost results, adjusted
for special items, excluding the effect of changes in fair value.

Dollar amounts presented herein represent euro amounts converted at the
average euro-dollar exchange rate for the applicable period and are not the
result of financial statements prepared in dollars.

Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in
their filings with the SEC, to separately disclose proved, probable and
possible reserves that a company has determined in accordance with SEC rules.
We may use certain terms in this presentation, such as resources, that the
SEC’s guidelines strictly prohibit us from including in filings with the SEC.
U.S. investors are urged to consider closely the disclosure in our Form20-F,
File N°1-10888, available from us at 2,Place Jean Millier – Arche Nord
Coupole/Regnault - 92078 Paris-La Défense Cedex, France, or at our Website:
www.total.com. You can also obtain this form from the SEC by calling
1-800-SEC-0330 or on the SEC’s Website: www.sec.gov.

                       Operating information by segment

                            for first quarter 2013

  *Upstream

Combined liquids and
gas production             1Q13     4Q12     1Q12     1Q13 vs  
                                                                  1Q12
by region (kboe/d)
Europe                     392      421      499      -21%
Africa                        692         701         709         -2%
Middle East                   542         482         511         +6%
North America                 71          67          68          +4%
South America                 172         175         182         -5%
Asia-Pacific                  236         227         214         +10%
CIS                        218      220      189      +15%
Total production           2,323    2,293    2,372    -2%
Includes equity            681      624      628      +8%
affiliates

Liquids production by      1Q13     4Q12     1Q12     1Q13 vs  
region (kb/d)                                                     1Q12
Europe                     166      185      226      -27%
Africa                        552         568         566         -2%
Middle East                   329         312         300         +10%
North America                 27          26          24          +13%
South America                 57          57          63          -10%
Asia-Pacific                  31          28          24          +29%
CIS                        31       30       26       +19%
Total production           1,193    1,206    1,229    -3%
Includes equity            325      307      299      +9%
affiliates

Gas production by          1Q13     4Q12     1Q12     1Q13 vs  
region (Mcf/d)                                                    1Q12
Europe                     1,215    1,270    1,492    -19%
Africa                        707         654         730         -3%
Middle East                   1,165       930         1,143       +2%
North America                 250         228         247         +1%
South America                 637         657         663         -4%
Asia-Pacific                  1,151       1,127       1 073       +7%
CIS                        1,012    1,031    878      +15%
Total production           6,137    5,897    6,226    -1%
Includes equity            1,922    1,712    1,773    +8%
affiliates

Liquefied natural gas    1Q13    4Q12    1Q12    1Q13 vs 1Q12  
LNG sales* (Mt)          2.90    2.73    3.22    -10%

* sales, Group share, excluding trading; 2012 data restated to reflect volume
estimates for Bontang LNG in Indonesia based on the 2012 SEC coefficient

  *Downstream (Refining & Chemicals and Marketing & Services)

Refined product sales by region (kb/d)* 1Q13  4Q12  1Q12  1Q13 vs 1Q12
Europe                                  1,978 1,964 2,066 -4%
Africa                                  448   413   392   +14%
Americas                                481   435   441   +9%
Rest of world                           505   531   568   -11%
Total consolidated sales                3,412 3,343 3,467 -2%
Includes bulk sales                     521   545   501   +4%
Includes trading                        1,176 1,092 1,226 -4%

* includes share of TotalErg

                               Adjustment items

  *Adjustments to operating income

in millions of euros                     1Q13    4Q12       1Q12  
Special items affecting operating        (6)     (826)      (65)
income
- Restructuring charges                  (2)     62         -
- Impairments                               (4)        (340)         -
- Other                                  -       (548)      (65)
Pre-tax inventory effect : FIFO vs.      (88)    (462)      846
replacement cost
Effect of change in fair value           2       13         (25)
                                                         
Total adjustments affecting operating    (92)    (1,275)    756
income

  *Adjustments to net income (Group share)

in millions of euros                    1Q13       4Q12     1Q12  
Special items affecting operating       (1,276)    (398)    18
income (Group share)
- Gain (loss) on asset sales            (1,247)    226      80
- Restructuring charges                    (26)          (4)         -
- Impairments                              (3)           (337)       (20)
- Other                                 -          (283)    (42)
After-tax inventory effect : FIFO       (51)       (312)    590
vs. replacement cost
Effect of change in fair value          1          10       (20)
                                                         
Total adjustments affecting net         (1,326)    (700)    588
income

                             Effective tax rates

Effective tax rate*    1Q13     4Q12     1Q12   
Upstream               62.7%    54.8%    61.0%
Group                  58.8%    52.5%    60.6%

* tax on adjusted net operating income / (adjusted net operating income -
income from equity affiliates, dividends received from investments + tax on
adjusted net operating income)

                          Investments - Divestments

in millions of euros       1Q13     4Q12     1Q12     1Q13 vs  
                                                                  1Q12
Investments excluding      4,854    5,360    3,873    +25%
acquisitions*
-- Capitalized             362      380      350      +3%
exploration
-- Changes in              277      (181)    159      +74%
non-current loans**
Acquisitions               934      578      1,832    -49%
Investments including      5,788    5,938    5,705    +1%
acquisitions*
Asset sales                420      881      1,455    -71%
Net investments**          5,368    5,057    4,250    +26%

expressed in millions      1Q13     4Q12     1Q12     1Q13 vs  
of dollars***                                                     1Q12
Investments excluding      6,410    6,950    5,077    +26%
acquisitions*
-- Capitalized             478      493      459      +4%
exploration
-- Changes in              366      (235)    208      +76%
non-current loans**
Acquisitions               1,233    749      2,401    -49%
Investments including      7,644    7,700    7,478    +2%
acquisitions*
Asset sales                555      1,142    1,907    -71%
Net investments**          7,089    6,557    5,571    +27%

* includes changes in non-current loans

** includes net investments in equity affiliates and
non-consolidatedcompanies + net financing for employee-related stock purchase
plans

*** dollar amounts represent euro amounts converted at the average €-$
exchange rate for the period

                           Net-debt-to-equity ratio

in millions of euros      03/31/2013    12/31/2012    03/31/2012  
Current borrowings        10,739        11,016        9,574
Net current financial        (535)            (1,386)          (1,322)
assets
Net financial assets
classified as held for       682              756              -
sale
Non-current financial        22,875           22,274           22,428
debt
Hedging instruments of       (1,472)          (1,626)          (1,882)
non-current debt
Cash and cash             (13,415)      (15,469)      (13,330)
equivalents
Net debt                  18,874        15,565        15,468
                                                   
Shareholders’ equity         73,846           71,185           69,862
Estimated dividend           (2,666)          (1,299)          (2,573)
payable
Minority interests        1,785         1,280         1,274
Equity                    72,965        71,166        68,563
                                                   
Net-debt-to-equity        25.9%         21.9%         22.6%
ratio

                             2013 sensitivities*

              Scenario    Change     Impact on     Impact on   
                                              adjusted         adjusted
                                              operating        net
                                  income        operating
                                                               income
Dollar        1.30 $/€    +0.1 $     -2,2 B€       -0,95 B€
                                par €
Brent         100 $/b     +1 $/b     +0.24 B€ /    +0.11 B€ /
                                              0.31 B$          0.14 B$
European
refining      30 $/t      +1 $/t     +0.08 B€ /    +0.05 B€ /
margins                                       0.1 B$           0.06 B$
(ERMI)

* Sensitivities are revised once per year upon publication of the previous
year’s fourth quarter results. Sensitivities are estimates based on
assumptions of the Group’s portfolio in 2013. Actual results could vary
significantly from estimates based on the application of these sensitivities.

The impact of the €-$ sensitivity on adjusted operating income and adjusted
net operating income attributable to the Upstream segment are approximately
80% and 70% respectively. The remaining impact is essentially on the Refining
& Chemicals segment.

                      Return on average capital employed

  *Twelve months ended March 31, 2013

in millions of euros        Upstream  Refining &  Marketing     Group
                                         Chemicals    & Services
Adjusted net operating      10,554    1,695       954              12,764
income
Capital employed at           57,382     15,790       7,484            82,009
03/31/2012*
Capital employed at         67,187    17,096      7,503            90,694
03/31/2013*
ROACE                       16.9%     10.3%       12.7%            14.8%

  *Full-year 2012

in millions                      Refining        Marketing
of euros       Upstream    &            &            Group       
                                 Chemicals       Services
Adjusted
net            11,145      1,376        830             12,927
operating
income
Capital
employed at       56,910         15,454          6,852           79,976
12/31/2011*
Capital
employed at    63,862      15,726       6,986           84,152
12/31/2012*
ROACE          18.5%       8.8%         12.0%           15.8%

* at replacement cost(excluding after-tax inventory effect)

^1 Following the application of revised accounting standard IAS 19 effective
January 1, 2013, the information for 2012 and 2011 has been restated; however,
the impact on such restated results is not significant (see note 1 of the
notes to the consolidated financial statements).

^2 Definition of adjusted results on page 2 – dollar amounts represent euro
amounts converted at the average €-$ exchange rate for the period: 1.3206 $/€
in the 1^st quarter 2013, 1.3108 $/€ in the 1^st quarter 2012, 1.2967 $/€ in
the 4^th quarter 2012.

^3 Group share

^4 The ex-dividend date will be September 24, 2013. Pending approval at the
May 17, 2013, Annual Shareholders Meeting, the remaining 0.59 €/share dividend
for 2012 will be paid June 27, 2013.

^5 Adjusted results are defined as income using replacement cost, adjusted for
special items, excluding the impact of changes for fair value. Adjusted cash
flow from operations is defined as cash flow from operations before changes in
working capital at replacement cost; adjustment items are on page 15 and the
inventory valuation effect is explained on page 12.

^6 Including acquisitions.

^7 Dollar amounts represent euro amounts converted at the average €-$ exchange
rate for the period.

^8 Special items affecting operating income from the business segments had a
negative impact of 6 M€ in the 1stquarter 2013 and a negative impact of 65 M€
in the 1^st quarter 2012.

^9 Defined as: (tax on adjusted net operating income) / (adjusted net
operating income – income from equity affiliates, dividends received from
investments + tax on adjusted net operating income).

^10 Adjustment items explained on page 12.

^11 Detail shown on page 15.

^12 Detail shown on page 16.

^13 Net investments = investments including acquisitions and changes in
non-current loans – asset sales.

^14 Cash flow from operations at replacement cost before changes in working
capital.

^15 Net cash flow = cash flow from operations - net investments.

^16 Detail shown on page 17.

^17 Calculated based on adjusted net operating income and average capital
employed, using replacement cost, as shown on page 18.

^18 The ex-dividend date will be June 24, 2013.

^19 The ex-dividend date will be September 24, 2013.

CONSOLIDATED STATEMENT OF INCOME                            
TOTAL
(unaudited)
                                                                             
                                    1^st           4^th           1^st
                                    quarter        quarter        quarter
(M€) ((a))                         2013        2012        2012     
Sales                               48,130         49,868         51,168
Excise taxes                        (4,196   )     (4,399   )     (4,393   )
Revenues from sales                 43,934         45,469         46,775
Purchases, net of inventory         (30,530  )     (31,854  )     (32,041  )
variation
Other operating expenses            (5,352   )     (6,277   )     (5,080   )
Exploration costs                   (307     )     (504     )     (356     )
Depreciation, depletion and
amortization of tangible assets     (2,160   )     (2,413   )     (1,838   )
and mineral interests
Other income                        31             474            289
Other expense                       (1,532   )     (239     )     (96      )
Financial interest on debt          (169     )     (160     )     (187     )
Financial income from marketable    22             33             35
securities & cash equivalents
Cost of net debt                    (147     )     (127     )     (152     )
Other financial income              103            123            85
Other financial expense             (128     )     (110     )     (136     )
Equity in net income (loss) of      718            392            541
affiliates
Income taxes                       (3,042   )   (2,557   )   (4,311   )
Consolidated net income            1,588       2,377       3,680    
Group share                         1,537          2,341          3,668
Non-controlling interests          51          36          12       
Earnings per share (€)             0.68        1.04        1.63     
Fully-diluted earnings per share   0.68        1.03        1.62     
(€)
^(a) Except for per share
amounts.
                                                                             

                                                               
CONSOLIDATED STATEMENT OF
COMPREHENSIVE INCOME
TOTAL
(unaudited)
                                                                             
                                      1^st quarter     4^th        1^st
                                                       quarter     quarter
(M€)                                 2013           2012      2012    
Consolidated net income              1,588          2,377     3,680   
Other comprehensive income
                                                                             
Actuarial gains and losses            169              (437    )   (1      )
Tax effect                           (66          )  190       (2      )
Items not potentially                103            (247    )  (3      )
reclassifiable to profit and loss
Currency translation adjustment       951              (987    )   (1,048  )
Available for sale financial assets   (4           )   4           (66     )
Cash flow hedge                       11               29          70
Share of other comprehensive income   94               (31     )   162
of equity affiliates, net amount
Other                                 (8           )   -           (7      )
Tax effect                           (2           )  (9      )  (11     )
Items potentially reclassifiable to  1,042          (994    )  (900    )
profit and loss
Total other comprehensive income     1,145          (1,241  )  (903    )
(net amount)
                                                                  
Comprehensive income                 2,733          1,136     2,777   
- Group share                         2,649            1,131       2,792
- Non-controlling interests           84               5           (15     )
                                                                             

                                                          
CONSOLIDATED BALANCE SHEET
TOTAL
                                                                             
                                                                             
                                 March 31,     December 31,   March 31, 2012
                                 2013          2012           (unaudited)
(M€)                            (unaudited)               
ASSETS
Non-current assets
Intangible assets, net           13,552        12,858         13,231
Property, plant and equipment,   70,680        69,332         65,082
net
Equity affiliates :              15,139        13,759         13,194
investments and loans
Other investments                1,223         1,190          2,958
Hedging instruments of           1,472         1,626          1,882
non-current financial debt
Deferred income taxes            2,568         2,279          1,780
Other non-current assets        2,846        2,663         2,331
Total non-current assets        107,480      103,707       100,458
Current assets
Inventories, net                 17,095        17,397         18,886
Accounts receivable, net         21,995        19,206         22,811
Other current assets             10,898        10,086         10,346
Current financial assets         624           1,562          1,471
Cash and cash equivalents        13,415        15,469         13,330
Assets classified as held for   4,555        3,797         -
sale
Total current assets            68,582       67,517        66,844
Total assets                     176,062       171,224        167,302
LIABILITIES & SHAREHOLDERS'
EQUITY
Shareholders' equity
Common shares                    5,915         5,915          5,911
Paid-in surplus and retained     71,751        70,116         69,207
earnings
Currency translation             (478)         (1,504)        (1,866)
adjustment
Treasury shares                 (3,342)      (3,342)       (3,390)
Total shareholders' equity -    73,846       71,185        69,862
Group Share
Non-controlling interests       1,785        1,280         1,274
Total shareholders' equity      75,631       72,465        71,136
Non-current liabilities
Deferred income taxes            12,877        12,132         11,774
Employee benefits                3,503         3,744          3,321
Provisions and other             11,554        11,585         10,579
non-current liabilities
Non-current financial debt      22,875       22,274        22,428
Total non-current liabilities   50,809       49,735        48,102
Current liabilities
Accounts payable                 21,809        21,648         22,647
Other creditors and accrued      15,254        14,698         15,694
liabilities
Current borrowings               10,739        11,016         9,574
Other current financial          89            176            149
liabilities
Liabilities directly
associated with the assets      1,731        1,486         -
classified as held for sale
Total current liabilities       49,622       49,024        48,064
Total liabilities and            176,062       171,224        167,302
shareholders' equity
                                                                             

                                                            
CONSOLIDATED STATEMENT OF CASH
FLOW
TOTAL
(unaudited)
                                                                             
                                  1^st quarter   4^th quarter   1^st quarter
(M€)                                                        
                                  2013           2012           2012
CASH FLOW FROM OPERATING
ACTIVITIES
Consolidated net income           1,588          2,377          3,680
Depreciation, depletion and       2,306          2,801          2,103
amortization
Non-current liabilities,
valuation allowances and          77             358            358
deferred taxes
Impact of coverage of pension     -              -              -
benefit plans
(Gains) losses on disposals of    1,418          (456)          (281)
assets
Undistributed affiliates'         (353)          119            34
equity earnings
(Increase) decrease in working    (1,403)        636            (674)
capital
Other changes, net               85            30            47
Cash flow from operating          3,718          5,865          5,267
activities
CASH FLOW USED IN INVESTING
ACTIVITIES
Intangible assets and property,   (4,913)        (6,038)        (5,227)
plant and equipment additions
Acquisitions of subsidiaries,     (16)           8              (121)
net of cash acquired
Investments in equity             (582)          (89)           (198)
affiliates and other securities
Increase in non-current loans    (473)         (504)         (394)
Total expenditures                (5,984)        (6,623)        (5,940)
Proceeds from disposals of
intangible assets and property,   420            482            567
plant and equipment
Proceeds from disposals of        -              317            34
subsidiaries, net of cash sold
Proceeds from disposals of        -              82             854
non-current investments
Repayment of non-current loans   196           685           235
Total divestments                616           1,566         1,690
Cash flow used in investing       (5,368)        (5,057)        (4,250)
activities
CASH FLOW USED IN FINANCING
ACTIVITIES
Issuance (repayment) of shares:
- Parent company shareholders     -              -              31
- Treasury shares                 -              -              -
Dividends paid:
- Parent company shareholders     (1,333)        (1,332)        (1,286)
- Non-controlling interests       (2)            (4)            (2)
Other transactions with           357            -              -
non-controlling interests
Net issuance (repayment) of       2,850          144            1,664
non-current debt
Increase (decrease) in current    (3,232)        (862)          (1,101)
borrowings
Increase (decrease) in current
financial assets and              892            23             (929)
liabilities
Cash flow used in financing      (468)         (2,031)       (1,623)
activities
Net increase (decrease) in cash   (2,118)        (1,223)        (606)
and cash equivalents
Effect of exchange rates          64             (141)          (89)
Cash and cash equivalents at     15,469        16,833        14,025
the beginning of the period
Cash and cash equivalents at     13,415        15,469        13,330
the end of the period
                                                                             

                                                                                                                           
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
TOTAL                                                         

                                           Paid-in
                                           surplus    Currency                                Shareholders'   Non-controlling   Total
                  Common shares issued     and        translation   Treasury shares           equity Group    interests         shareholders'
                                           retained   adjustment                              Share                             equity
                                           earnings
(M€)             Number         Amount                       Number         Amount                                 
As of January    2,363,767,313  5,909   65,430    (1,004)      (109,554,173)  (3,390)  66,945         1,352            68,297
1, 2012
Net income of
the first         -               -        3,668      -             -               -         3,668           12                3,680
quarter
Other
comprehensive     -               -        (6)        (870)         -               -         (876)           (27)              (903)
Income
Comprehensive     -               -        3,662      (870)         -               -         2,792           (15)              2,777
Income
Dividend          -               -        -          -             -               -         -               (2)               (2)
Issuance of       778,664         2        29         -             -               -         31              -                 31
common shares
Purchase of       -               -        -          -             -               -         -               -                 -
treasury shares
Sale of
treasury shares   -               -        -          -             2,752           -         -               -                 -
^(1)
Share-based       -               -        37         -             -               -         37              -                 37
payments
Share             -               -        -          -             -               -         -               -                 -
cancellation
Other
operations with   -               -        11         8             -               -         19              (19)              -
non-controlling
interests
Other items       -               -        38         -             -               -         38              (42)              (4)
As of March 31,  2,364,545,977  5,911   69,207    (1,866)      (109,551,421)  (3,390)  69,862         1,274            71,136
2012
Net income from
April 1 to        -               -        6,941      -             -               -         6,941           135               7,076
December 31,
2012
Other
comprehensive     -               -        (763)      364           -               -         (399)           (13)              (412)
Income
Comprehensive     -               -        6,178      364           -               -         6,542           122               6,664
Income
Dividend          -               -        (5,237)    -             -               -         (5,237)         (102)             (5,339)
Issuance of       1,387,169       4        (3)        -             -               -         1               -                 1
common shares
Purchase of       -               -        -          -             (1,800,000)     (68)      (68)            -                 (68)
treasury shares
Sale of
treasury shares   -               -        (116)      -             2,959,782       116       -               -                 -
^(1)
Share-based       -               -        109        -             -               -         109             -                 109
payments
Share             -               -        -          -             -               -         -               -                 -
cancellation
Other
operations with   -               -        -          (2)           -               -         (2)             3                 1
non-controlling
interests
Other items       -               -        (22)       -             -               -         (22)            (17)              (39)
As of December   2,365,933,146  5,915   70,116    (1,504)      (108,391,639)  (3,342)  71,185         1,280            72,465
31, 2012
Net income of
the first         -               -        1,537      -             -               -         1,537           51                1,588
quarter
Other
comprehensive     -               -        85         1,027         -               -         1,112           33                1,145
Income
Comprehensive     -               -        1,622      1,027         -               -         2,649           84                2,733
Income
Dividend          -               -        -          -             -               -         -               (2)               (2)
Issuance of       480             -        -          -             -               -         -               -                 -
common shares
Purchase of       -               -        -          -             -               -         -               -                 -
treasury shares
Sale of
treasury shares   -               -        -          -             220             -         -               -                 -
^(1)
Share-based       -               -        42         -             -               -         42              -                 42
payments
Share             -               -        -          -             -               -         -               -                 -
cancellation
Other
operations with   -               -        (65)       (1)           -               -         (66)            423               357
non-controlling
interests
Other items       -               -        36         -             -               -         36              -                 36
As of March 31,  2,365,933,626  5,915   71,751    (478)        (108,391,419)  (3,342)  73,846         1,785            75,631
2013
                                                                                                                                              
                                                                                                                                              
^(1) Treasury shares related to the restricted stock grants.
                                                                                                                                              

                                                                         
BUSINESS
SEGMENT
INFORMATION
TOTAL
(unaudited)
                                                                    
1^st quarter                 Refining    Marketing
2013             Upstream  &          &          Corporate  Intercompany  Total
                             Chemicals   Services
(M€)
Non-Group sales   5,452      21,618      20,999      61          -              48,130
Intersegment      7,335      9,914       108         51          (17,408)       -
sales
Excise taxes     -         (830)      (3,366)    -          -             (4,196)
Revenues from     12,787     30,702      17,741      112         (17,408)       43,934
sales
Operating         (6,115)    (30,067)    (17,208)    (207)       17,408         (36,189)
expenses
Depreciation,
depletion and
amortization of  (1,710)   (298)      (145)      (7)        -             (2,160)
tangible assets
and mineral
interests
Operating         4,962      337         388         (102)       -              5,585
income
Equity in net
income (loss)     (846)      72          (32)        (2)         -              (808)
of affiliates
and other items
Tax on net
operating        (2,896)   (79)       (115)      21         -             (3,069)
income
Net operating     1,220      330         241         (83)        -              1,708
income
Net cost of net                                                                 (120)
debt
Non-controlling                                                      (51)
interests
Net income                                                                      1,537
                                                                    
1^st quarter
2013                         Refining    Marketing
(adjustments)    Upstream  &          &          Corporate  Intercompany  Total
^(a)                         Chemicals   Services

(M€)
Non-Group sales   2          -           -           -           -              2
Intersegment      -          -           -           -           -              -
sales
Excise taxes     -         -          -          -          -             -
Revenues from     2          -           -           -           -              2
sales
Operating         -          (69)        (21)        -           -              (90)
expenses
Depreciation,
depletion and
amortization of  -         (4)        -          -          -             (4)
tangible assets
and mineral
interests
Operating         2          (73)        (21)        -           -              (92)
income ^ (b)
Equity in net
income (loss)     (1,420)    (10)        (10)        -           -              (1,440)
of affiliates
and other items
Tax on net
operating        172       30         7          -          -             209
income
Net operating     (1,246)    (53)        (24)        -           -              (1,323)
income ^ (b)
Net cost of net                                                                 -
debt
Non-controlling                                                      (3)
interests
Net income                                                                      (1,326)
^(a)
Adjustments
include special
items,
inventory
valuation
effect and the
effect of
changes in fair                                                            
value.



^(b) Of which
inventory
valuation
effect
On operating      -          (67)        (21)        -
income
On net
operating         -          (34)        (14)        -
income
                                                                    
1^st quarter                 Refining    Marketing
2013 (adjusted)  Upstream  &          &          Corporate  Intercompany  Total
                             Chemicals   Services
(M€) ^(a)
Non-Group sales   5,450      21,618      20,999      61          -              48,128
Intersegment      7,335      9,914       108         51          (17,408)       -
sales
Excise taxes     -         (830)      (3,366)    -          -             (4,196)
Revenues from     12,785     30,702      17,741      112         (17,408)       43,932
sales
Operating         (6,115)    (29,998)    (17,187)    (207)       17,408         (36,099)
expenses
Depreciation,
depletion and
amortization of  (1,710)   (294)      (145)      (7)        -             (2,156)
tangible assets
and mineral
interests
Adjusted
operating         4,960      410         409         (102)       -              5,677
income
Equity in net
income (loss)     574        82          (22)        (2)         -              632
of affiliates
and other items
Tax on net
operating        (3,068)   (109)      (122)      21         -             (3,278)
income
Adjusted net
operating         2,466      383         265         (83)        -              3,031
income
Net cost of net                                                                 (120)
debt
Non-controlling                                                      (48)
interests
Ajusted net                                                          2,863
income
Adjusted
fully-diluted                                                        1.26
earnings per
share (€)
(a) Except for
earnings per
share.
                                                                    
1^st quarter                 Refining    Marketing
2013             Upstream  &          &          Corporate  Intercompany  Total
                             Chemicals   Services
(M€)
Total             5,255      533         187         9           -              5,984
expenditures
Total             543        27          38          8           -              616
divestments
Cash flow from
operating        4,150     (288)      (93)       (51)       -             3,718
activities
                                                                                         

                                                                         
BUSINESS
SEGMENT
INFORMATION
TOTAL
(unaudited)
                                                                    
4^th quarter                 Refining    Marketing
2012             Upstream  &          &          Corporate  Intercompany  Total
                             Chemicals   Services
(M€)
Non-Group sales   5,988      22,169      21,669      42          -              49,868
Intersegment      8,081      11,013      148         59          (19,301)       -
sales
Excise taxes     -         (959)      (3,440)    -          -             (4,399)
Revenues from     14,069     32,223      18,377      101         (19,301)       45,469
sales
Operating         (7,892)    (31,885)    (17,945)    (214)       19,301         (38,635)
expenses
Depreciation,
depletion and
amortization of  (1,752)   (491)      (160)      (10)       -             (2,413)
tangible assets
and mineral
interests
Operating         4,425      (153)       272         (123)       -              4,421
income
Equity in net
income (loss)     692        57          (122)       13          -              640
of affiliates
and other items
Tax on net
operating        (2,519)   45         (82)       3          -             (2,553)
income
Net operating     2,598      (51)        68          (107)       -              2,508
income
Net cost of net                                                                 (131)
debt
Non-controlling                                                      (36)
interests
Net income                                                                      2,341
                                                                    
4^th quarter
2012                         Refining    Marketing
(adjustments)    Upstream  &          &          Corporate  Intercompany  Total
^(a)                         Chemicals   Services

(M€)
Non-Group sales   13         -           -           -           -              13
Intersegment      -          -           -           -           -              -
sales
Excise taxes     -         -          -          -          -             -
Revenues from     13         -           -           -           -              13
sales
Operating         (571)      (337)       (102)       -           -              (1,010)
expenses
Depreciation,
depletion and
amortization of  (66)      (204)      (8)        -          -             (278)
tangible assets
and mineral
interests
Operating         (624)      (541)       (110)       -           -              (1,275)
income ^ (b)
Equity in net
income (loss)     240        (29)        (123)       (13)        -              75
of affiliates
and other items
Tax on net
operating        296       152        34         (2)        -             480
income
Net operating     (88)       (418)       (199)       (15)        -              (720)
income ^ (b)
Net cost of net                                                                 -
debt
Non-controlling                                                      20
interests
Net income                                                                      (700)
^(a)
Adjustments
include special
items,
inventory
valuation
effect and the
effect of
changes in fair                                                            
value.



^(b) Of which
inventory
valuation
effect
On operating      -          (351)       (111)       -
income
On net
operating         -          (236)       (74)        -
income
                                                                    
4^th quarter                 Refining    Marketing
2012 (adjusted)  Upstream  &          &          Corporate  Intercompany  Total
                             Chemicals   Services
(M€) ^(a)
Non-Group sales   5,975      22,169      21,669      42          -              49,855
Intersegment      8,081      11,013      148         59          (19,301)       -
sales
Excise taxes     -         (959)      (3,440)    -          -             (4,399)
Revenues from     14,056     32,223      18,377      101         (19,301)       45,456
sales
Operating         (7,321)    (31,548)    (17,843)    (214)       19,301         (37,625)
expenses
Depreciation,
depletion and
amortization of  (1,686)   (287)      (152)      (10)       -             (2,135)
tangible assets
and mineral
interests
Adjusted
operating         5,049      388         382         (123)       -              5,696
income
Equity in net
income (loss)     452        86          1           26          -              565
of affiliates
and other items
Tax on net
operating        (2,815)   (107)      (116)      5          -             (3,033)
income
Adjusted net
operating         2,686      367         267         (92)        -              3,228
income
Net cost of net                                                                 (131)
debt
Non-controlling                                                      (56)
interests
Ajusted net                                                          3,041
income
Adjusted
fully-diluted                                                        1.34
earnings per
share (€)
(a) Except for
earnings per
share.
                                                                    
4^th quarter                 Refining    Marketing
2012             Upstream  &          &          Corporate  Intercompany  Total
                             Chemicals   Services
(M€)
Total             5,518      573         508         24          -              6,623
expenditures
Total             1,415      101         46          4           -              1,566
divestments
Cash flow from
operating        4,429     502        1,024      (90)       -             5,865
activities
                                                                                         

<td class="bwsinglebottom*Story too large*
                                                                       
BUSINESS
SEGMENT
INFORMATION
TOTAL
(unaudited)
                                                                  
1^st quarter               Refining    Marketing
2012           Upstream  &          &          Corporate  Intercompany  Total
                           Chemicals   Services
(M€)
Non-Group       6,177      23,096      21,852      43          -              51,168
sales
Intersegment    8,234      11,815      231         45          (20,325)       -
sales
Excise taxes   -         (804)      (3,588)    (1)        -             (4,393)
Revenues from   14,411     34,107      18,495      87          (20,325)       46,775
sales
Operating       (6,535)    (33,053)    (17,987)    (227)       20,325         (37,477)
expenses
Depreciation,
depletion and
amortization
of tangible    (1,393)   (314)      (122)      (9)        -             (1,838)
assets and
mineral
interests
Operating       6,483      740         386         (149)       -              7,460
income
Equity in net
income (loss)
of affiliates   543        92          (69)        117         -              683
and other
items
Tax on net
operating
income

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