REG-TOTAL Trading Statement

Tue Jan 15, 2013 2:10am EST

* Reuters is not responsible for the content in this press release.

PARIS--(Business Wire)--

Main indicators

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

                        €/$     European refining       Brent ($/b)    Average liquids price*** ($/b)    Average gas price ($/Mbtu)***    
                                margin ERMI* ($/t)**                                                                                      
 Fourth quarter 2012    1.30    33.9                    110.1          106.4                             6.94                             
 Third quarter 2012     1.25    51.0                    109.5          107.6                             6.00                             
 Second quarter 2012    1.28    38.2                    108.3          101.6                             7.10                             
 First quarter 2012     1.31    20.9                    118.6          115.2                             7.16                             
 Fourth quarter 2011    1.35    15.1                    109.3          104.3                             6.79                             

* 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.

** 1 $/t = 0.136 $/b

*** consolidated subsidiaries, excluding fixed margin contracts. Beginning with
the first quarter of 2012, includes hydrocarbon production overlifting /
underlifting position valued at market price.

Disclaimer : data is based on Total`s reporting, is not audited and is subject
to change.


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