TOTAL: Fourth Quarter and Full-Year 2012 Results

Wed Feb 13, 2013 6:05am EST

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PARIS--(Business Wire)--
Regulatory News: 

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

                                  4Q12        Change                  2012        Change    
                                              vs 4Q11                             vs 2011   
 Adjusted net income1                                                                       
                                                                                            
 - in billion euros (B€)          3.1         +13%                    12.4        +8%       
 - in billion dollars (B$)        4.0         +9%                     15.9        -         
                                                                                            
 - in euros per share             1.36        +13%                    5.45        +8%       
 - in dollars per share           1.76        +8%                     7.01        -1%       
                                                                                            
                                                                                            
 Net income(2) of 10.7 B€ in 2012                                                           
 Net-debt-to-equity ratio of 21.4% at December 31, 2012                                     
 Upstream production of 2,300 kboe/d for full-year 2012                                     
 Dividend in 4Q12 of 0.59 €/share payable in June 2013(3)                                   


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

"In 2012, Total again delivered solid performance with net income of 12.4
billion euros and reinforced its strong financial position. The environment
remained favorable in the Upstream, with Brent prices above 110 $/b and, in the
Downstream, refining margins benefited from a temporary rebound at mid-year.

With safety as the priority, the Group continues to progress towards its three
main objectives.To successfully start-up projects, on time and in budget, for
the Group`s profitable growth over the coming years. To rely on a recently
expanded exploration portfolio for more significant discoveries. And, finally,
to continue the restructuring of downstream activities for improved
profitability and resilience in an evolving market.

The Group has embarked on an important program of investments and asset sales to
deliver value-creating growth, all while preserving a strong balance sheet,
providing shareholder returns, and keeping its environmental and social
commitments. It is thus with discipline, determination and optimism that the
Group prepares for its future."

The Board of Directors of Total, led by Chairman and CEO Christophe de Margerie,
met on February 12, 2013, and decided to propose at the Annual Shareholders
Meeting on May 17, 2013, a dividend of2.34 €/share for 2012, an increase of
approximately 3% compared to the previous year.

* Key figures4

 4Q12          3Q12          4Q11          4Q12         in millions of euros                                                         2012           2011           2012   
                                           vs           except earnings per share and number of shares                                                             vs     
                                           4Q11                                                                                                                    2011   
 49,868        49,890        47,492        +5%          Sales                                                                        200,061        184,693        +8%    
 5,874         6,540         6,263         -6%          Adjusted operating income from business segments                             24,986         24,409         +2%    
 3,358         3,698         3,049         +10%         Adjusted net operating income from business segments                         13,437         12,263         +10%   
 2,679         2,891         2,852         -6%          - Upstream                                                                   11,186         10,602         +6%    
 406           564           35            x12          - Refining & Chemicals                                                       1,414          848            +67%   
 273           243           162           +69%         - Marketing & Services                                                       837            813            +3%    
 3,081         3,348         2,725         +13%         Adjusted net income                                                          12,361         11,424         +8%    
 1.36          1.48          1.20          +13%         Adjusted fully-diluted earnings per share (euros)                            5.45           5.06           +8%    
 2,270         2,268         2,264         -            Fully-diluted weighted-average shares (millions)                             2,267          2,257          -      
                                                                                                                                                                          
 2,381         3,066         2,290         +4%          Net income (Group share)                                                     10,694         12,276         -13%   
                                                                                                                                                                          
 6,623         5,416         7,367         -10%         Investments5                                                                 22,943         24,541         -7%    
 1,566         1,635         1,495         +5%          Divestments                                                                  5,871          8,578          -32%   
 5,057         3,781         5,872         -14%         Net investments                                                              17,072         15,963         +7%    
 5,865         5,163         2,794         x2           Cash flow from operations                                                    22,462         19,536         +15%   
 5,691         6,058         5,865         -3%          Adjusted cash flow from operations                                           21,612         20,060         +8%    
                                                                                                                                                                          
 4Q12          3Q12          4Q11          4Q12         in millions of dollars6except earnings per share and number of shares        2012           2011           2012   
                                           vs                                                                                                                      vs     
                                           4Q11                                                                                                                    2011   
 64,664        62,375        64,029        +1%          Sales                                                                        257,038        257,093        -      
 7,617         8,177         8,444         -10%         Adjusted operating income from business segments                             32,102         33,977         -6%    
 4,354         4,623         4,111         +6%          Adjusted net operating income from business segments                         17,264         17,070         +1%    
 3,474         3,614         3,845         -10%         = Upstream                                                                   14,372         14,758         -3%    
 526           705           47            x11          = Refining & Chemicals                                                       1,817          1,180          +54%   
 354           304           218           +62%         = Marketing & Services                                                       1,075          1,132          -5%    
 3,995         4,186         3,674         +9%          Adjusted net income                                                          15,881         15,902         -      
 1.76          1.85          1.62          +8%          Adjusted fully-diluted earnings per share (euros)                            7.01           7.05           -1%    
 2,270         2,268         2,264         -            Fully-diluted weighted-average shares (millions)                             2,267          2,257          -      
                                                                                                                                                                          
 3,087         3,833         3,087         -            Net income (Group share)                                                     13,740         17,088         -20%   
                                                                                                                                                                          
 8,588         6,771         9,932         -14%         Investments5                                                                 29,477         34,161         -14%   
 2,031         2,044         2,016         +1%          Divestments                                                                  7,543          11,941         -37%   
 6,557         4,727         7,917         -17%         Net investments                                                              21,934         22,220         -1%    
 7,605         6,455         3,767         x2           Cash flow from operations                                                    28,859         27,194         +6%    
 7,380         7,574         7,907         -7%          Adjusted cash flow from operations                                           27,767         27,924         -1%    


* Highlights since the beginning of the fourth quarter 20127

* Start-up of production on Atla in the Norwegian North Sea and South Mahakam in
Indonesia
* Significant discoveries on the North Platte prospect in the Gulf of Mexico and
on Garantiana in the Norwegian North Sea
* Expanded exploration acreage by acquiring blocks in Papua New Guinea,
Indonesia, Kazakhstan, Tajikistan, and Republic of Cyprus.
* Signed heads of agreement for 25-year extension of partnership on the Al
Khalij field in Qatar
* Announced sale of the Group`s interest in the offshore OML 138 block in
Nigeria which includes the Usan field
* Received a firm offer and entered into exclusive negotiations with a
consortium of buyers for the sale of TIGF, a natural gas transport and storage
affiliate in France
* Received a firm offer and entered into exclusive negotiations for the sale by
Total of its affiliate GPN SA and related interests in the Belgian company
Rosier SA, both of which are in the fertilizers business
* Exchanged assets in the Norwegian North Sea to increase the Group`s
participation rights in the Oseberg and Dagny fields to 14.7% and 39.54%,
respectively
* Significant commercial achievement of SunPower with its sale of the Antelope
Valley projects (AVSP) in the US, the largest photovoltaic development in the
world

* Fourth quarter 2012 results

>Operating income from business segments

In the fourth quarter 2012, the Brent price averaged 110.1 $/b, an increase of
1% compared to the fourth quarter 2011 and the third quarter 2012. The European
refining margin indicator (ERMI) averaged 33.9 $/t for the fourth quarter 2012,
compared to 15.1 $/t for the fourth quarter 2011 and 51.0 $/t for the third
quarter 2012. 

The euro-dollar exchange rate averaged 1.30 $/€ in the fourth quarter 2012,
compared to 1.35 $/€ in the fourth quarter 2011 and 1.25 $/€ in the third
quarter 2012. 

In this environment, the adjusted operating income8 from business segments was
5,874 M€, a decrease of 6% compared to the fourth quarter 2011. Expressed in
dollars, there was a decrease of 10%. This decrease is essentially due to the
decrease in Upstream results compared to the fourth quarter 2011, which was only
partially offset by improved results from Refining & Chemicals and Marketing &
Services. 

The effective tax rate9 for the business segments was 51.5% in the fourth
quarter 2012 compared to 59.0% in the fourth quarter 2011, essentially due to a
decrease in the effective tax rate for the Upstream and the increased
contribution of downstream activities to the pre-tax results of the Group. 

Adjusted net operating income from the business segments was 3,358 M€ compared
to 3,049 M€ in the fourth quarter 2011, an increase of 10%. Expressed in
dollars, the adjusted net operating income from the business segments increased
to 4.4 B$, an increase of 6% compared to the fourth quarter 2011, thanks to a
stronger net contribution from Refining & Chemicals and, to a lesser degree,
Marketing & Services. 

Although the adjusted operating income from business segments decreased, the
adjusted net operating income from business segments increased compared to the
fourth quarter 2011, mainly due to a lower effective tax rate for the business
segments. 

>Net income (Group share)

Adjusted net income was 3,081 M€ in the fourth quarter 2012 compared to 2,725 M€
in the fourth quarter 2011, an increase of 13%. Expressed in dollars, adjusted
net income increased by 9%. 

Adjusted net income excludes the after-tax inventory effect, the effect of
changes in fair value, and special items10:

* The after-tax inventory effect had a negative impact on net income of 312 M€
in the fourth quarter 2012 compared to a positive impact of 49 M€ in the fourth
quarter 2011. 
* Changes in fair value had a positive impact on net income of 10 M€ in the
fourth quarter 2012 compared with a positive impact of 20 M€ in the fourth
quarter 2011. 
* Special items11 had a negative impact on net income of 398 M€ in the fourth
quarter 2012, comprised essentially of an impairment of chemicals assets in
Europe, a reserve for the restoration of the Lacq site in France where
activities will be shut-down, and a provision for abandonment costs relating to
Elgin in the UK. These special items were partially offset by gains on the sale
of Upstream assets in Colombia. In the fourth quarter 2011, special items had a
negative impact of 504 M€.

Net income (Group share) was 2,381 M€ compared to 2,290 M€ in the fourth quarter
2011. 

The effective tax rate for the Group was 52.2% in the fourth quarter 2012,
compared to 60.8% in the fourth quarter 2011, an evolution in line with the
effective tax rate of the business segments described below. 

Adjusted fully-diluted earnings per share, based on 2,270.2 million
fully-diluted weighted-average shares, increased by 13% to €1.36, compared to
€1.20 in the fourth quarter 2011. 

Expressed in dollars, adjusted fully-diluted earnings per share increased by 8%
to $1.76. 

>Investments - Divestments12

Investments, excluding acquisitions and including changes in non-current loans,
were 5.4 B€ (7.0 B$) in the fourth quarter 2012 compared to 5.2 B€ (7.0 B$) in
the fourth quarter 2011. 

Acquisitions were 578 M€ (749 M$) in the fourth quarter 2012, comprised
essentially of the acquisition of exploration licenses in Iraq, Bulgaria,
Kazakhstan and Yemen, the acquisition of Upstream assets in Norway, and a carry
agreement in the Utica shale gas and condensates field in the US. 

Asset sales in the fourth quarter 2012 were 881 M€ (1,142 M$), including mainly
the sale of the Upstream affiliate in Colombia, Upstream assets in the UK,
Nigeria and Norway, and the Group`s interest in the French company Geostock. 

Net investments13 were 5.1 B€ (6.6 B$) in the fourth quarter 2012 compared to
5.9 B€ (7.9 B$) in the fourth quarter 2011. 

>Cash flow

Cash flow from operations was 5,865 M€ in the fourth quarter 2012 compared to
2,794 M€ in the fourth quarter 2011. This increase of more than 100% is
explained essentially by lower working capital requirements, noting that the
fourth quarter 2011 was impacted by a significant increase in working capital
requirements at year-end. 

Adjusted cash flow from operations14 was 5,691 M€, a decrease of 3% compared to
the fourth quarter 2011. Expressed in dollars, adjusted cash flow from
operations was 7.4 B$, a decrease of 7%. 

The Group`s net cash flow15 was positive 808 M€ compared to negative 3,087 M€ in
the fourth quarter 2011, due to a significant increase in cash flow from
operations and lower net investments compared to those in the fourth quarter
2011. Expressed in dollars, the Group`s net cash flow was 1.0 B$ in the fourth
quarter 2012.

* Results for the full-year 2012

>Operating income

On average, the oil market environment was stable compared to the previous year.
For 2012, the average Brent price remained around 111.7 $/b and the average
realized price of gas for the Group increased by 3% to 6.74 $/Mbtu, compared to
6.53 $/Mbtu in 2011. In the Downstream, the ERMI increased to 36.0 $/t on
average for 2012, compared to 17.4 $/t in 2011. 

The euro-dollar exchange rate averaged 1.28 $/€ in 2012 compared to 1.39 $/€ in
2011. 

In this environment, the adjusted operating income from the business segments
was 24,986 M€, an increase of 2% compared to 201116. Expressed in dollars, the
adjusted operating income for the business segments was 32.1 B$, a decrease of
6% compared to 2011, essentially due to lower Upstream results which were
partially offset by improved results from Refining & Chemicals and Marketing &
Services. 

The effective tax rate for the business segments was 55.2% in 2012 compared to
57.9% in 2011, essentially due to a decrease in the effective tax rate for
Upstream and the increased contribution of downstream activities to the Group
results. 

Adjusted net operating income from the business segments was 13,437 M€ compared
to 12,263 M€ in 2011, an increase of 10%. 

Expressed in dollars, adjusted net operating income from the business segments
increased by 1%. The fact that adjusted net operating income from the business
segments increased in 2012 while the adjusted operating income from the business
segments decreased compared to 2011 is explained mainly by the decrease in the
effective tax rates in the two periods and an increase in the contribution of
equity affiliates to adjusted results. 

>Net income (Group share)

Adjusted net income was 12,361 M€ in 2012, an increase of 8% compared to 11,424
M€ in 2011. Expressed in dollars, adjusted net income of 15.9 B$ was stable
compared to 2011. 

Adjusted net income excludes the after-tax inventory effect, special items and
the effect of changes in fair value17:

* The after-tax inventory effect had a negative impact on net income of 157 M€
in 2012 and a positive impact of 834 M€ in 2011. 
* Changes in fair value had a negative impact on net income of 7 M€ in 2012 and
a positive impact of 32 M€ in 2011. 
* Special items18 had a negative impact on net income of 1,503 M€ in 2012,
comprised essentially of an impairment of assets in the Barnett in the US,
provisions for abandonment costs relating to Elgin in the UK, a one-off tax of
4% on petroleum stocks in France, an impairment of chemicals assets in Europe,
and a provision relating to a settlement agreement in progress with the SEC and
DoJ in the US. These special items were partially offset by gains on asset
sales. In 2011, special items had a negative impact of 14 M€.

Net income (Group share) was 10,694 M€ compared to 12,276 M€. 

The effective tax rate for the Group was 56.2% in 2012 compared to 58.4% in
2011. 

On December 31, 2012, there were 2,270.4 million fully-diluted shares compared
to 2,263.8 million on December 31, 2011. 

In 2012, adjusted fully-diluted earnings per share, based on 2,266.6 million
fully-diluted weighted-average shares, was €5.45, an increase of 8% compared to
€5.06 in 2011. 

Expressed in dollars, adjusted fully-diluted earnings per share was $7.01
compared to $7.05 in 2011, a decrease of 1%. 

>Investments - divestments19

Investments, excluding acquisitions and including changes in non-current loans,
were 18.5 B€ (23.8 B$) in 2012 compared to 14.8 B€ (20.6 B$) in 2011, due to an
increase in investments relating to new Upstream projects under development. 

Acquisitions were 3.1 B€ (4.0 B$) in 2012, comprised essentially of the
acquisition of interests in exploration and production licenses in Uganda, an
additional 1.3% stake in Novatek20, various exploration licenses, the minority
interest in Fina Antwerp Olefins and the carry agreement in the Utica shale gas
and condensates field in the US. 

For 2012, asset sales were 4.6 B€ (5.9 B$), comprised essentially of sales of
the remainder of the Group`s shares of Sanofi, a stake in the Gassled pipeline
in Norway, Upstream assets in Nigeria, the UK, Colombia and France, as well as
interests in Pec-Rhin and Geostock in France and in Composites One in the US. 

Net investments were 17.1 B€ (21.9 B$) in 2012, compared to 16.0 B€ (22.2 B$) in
2011, an increase of 7%. Expressed in dollars, net investments in 2012 decreased
1%, mainly due to a significant decrease in acquisitions compared to 2011. 

>Cash flow

Cash flow from operations was 22,462 M€ (28.9 B$) in 2012, an increase of 15%
compared to 2011, essentially due to the change in working capital requirements
between the two periods. 

Adjusted cash flow from operations21 was 21,612 M€, an increase of 8%. Expressed
in dollars, adjusted cash flow from operations was 27.8 B$, a decrease of 1%
compared to 2011. 

The Group`s net cash flow22 was 5,390 M€ compared to 3,573 M€ in 2011. Expressed
in dollars, the Group`s net cash flow was 6.9 B$ in 2012. 

The net-debt-to-equity ratio was 21.4% on December 31, 2012, compared to 23.0%
on December 31, 2011.23

* Analysis of business segment results

Upstream

>Environment - liquids and gas price realizations*

 4Q12         3Q12         4Q11         4Q12                                                   2012         2011         2012   
                                        vs                                                                               vs     
                                        4Q11                                                                             2011   
 110.1        109.5        109.3        +1%          Brent ($/b)                               111.7        111.3        -      
 106.4        107.6        104.3        +2%          Average liquids price ($/b)               107.7        105.0        +3%    
 6.94         6.00         6.79         +2%          Average gas price ($/Mbtu)                6.74         6.53         +3%    
 77.0         75.8         75.9         +1%          Average hydrocarbons price ($/boe)        77.3         74.9         +3%    


* consolidated subsidiaries, excluding fixed margins. Effective first quarter
2012, over/under-lifting valued at market prices.

>Production

 4Q12     3Q12     4Q11     4Q12     Hydrocarbon production          2012     2011     2012     
                            vs                                                         vs       
                            4Q11                                                       2011     
 2,293    2,272    2,384    -4%      Combined production (kboe/d)    2,300    2,346    -2%      
 1,206    1,225    1,237    -3%      - Liquids (kb/d)                1,220    1,226    -        
 5,897    5,680    6,201    -5%      - Gas (Mcf/d)                   5,880    6,098    -4%      


Hydrocarbon production was 2,293 thousand barrels of oil equivalent per day
(kboe/d) in the fourth quarter 2012, a decrease of 4% compared to the fourth
quarter 2011, essentially as a result of:

* +4.5% for start-ups and ramp-ups from new projects, 
* -3.5% for normal decline and turnarounds, 
* -3% for the incident at Elgin in the UK North Sea and flooding in Nigeria, and

* -2% for disruptions related to security conditions in Yemen and the production
shut-down in Syria, net of the positive effect of the return of production in
Libya.

In 2012, hydrocarbon production was 2,300 kboe/d, a decrease of 2% compared to
2011, essentially as a result of:

* +4.5% for start-ups and ramp-ups from new projects, 
* -4% for normal decline, 
* +1.5% for changes in the portfolio, comprised essentially of an increased
share of Novatek production and the impact of the sale of CEPSA and assets in
the UK, France, Nigeria, and Cameroon, 
* -2% for incidents at Elgin in the UK North Sea and Ibewa in Nigeria, 
* -1.5% for disruptions related to security conditions in Yemen and the
production shut-down in Syria, net of the positive effect of the return of
production in Libya, and 
* -0.5% for price effect24.

>Reserves

 Reserves at December 31        2012      2011      %    
 Hydrocarbon reserves (Mboe)    11,368    11,423    -    
 = Liquids (Mb)                 5,686     5,784     -2%  
 = Gas (Bcf)                    30,877    30,717    +1%  


Proved reserves based on SEC rules (based on Brent at 111.13 $/b) were 11,368
Mboe at December 31, 2012. Based on the 2012 average rate of production, the
reserve life is more than 13 years. 

The 2012 proved reserve replacement rate25, based on SEC rules, was 93%. 

The 2012 organic proved reserve replacement rate26 was 100% in a constant price
environment. 

At year-end 2012, Total had a solid and diversified portfolio of proved and
probable reserves27 representing more than 20 years of reserve life based on the
2012 average production rate, and resources28 representing more than 45 years of
production. 

>Results

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

 4Q12         3Q12         4Q11         4Q12         in millions of euros                      2012          2011          2012   
                                        vs                                                                                 vs     
                                        4Q11                                                                               2011   
 5,035        5,537        6,104        -18%         Adjusted operating income*                22,108        22,609        -2%    
 2,679        2,891        2,852        -6%          Adjusted net operating income*            11,186        10,602        +6%    
 350          578          488          -28%         - includes adjusted income from           1,856         1,704         +9%    
                                                     
equity affiliates                                                           
 5,518        4,567        6,134        -10%         Investments                               19,618        20,662        -5%    
 1,415        401          399          x4           Divestments                               2,798         2,591         +8%    
 4,429        3,457        3,547        +25%         Cash flow from operations                 18,950        17,044        +11%   
 4,494        5,105        5,451        -18%         Adjusted cash flow from operations        18,306        17,661        +4%    


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

Adjusted net operating income from the Upstream segment was 2,679 M€ in the
fourth quarter 2012 compared to 2,852 M€ in the fourth quarter 2011, a decrease
of 6%. 

Expressed in dollars, the decrease of 10% is explained principally by a decrease
in production between the two periods, higher exploration expenses in the fourth
quarter 2012, and the positive impact in the fourth quarter 2011 of valuing
overlifting/underlifting positions at market prices. 

The effective tax rate for the Upstream segment in the fourth quarter 2012 was
54.8% compared to 59.9% in the fourth quarter 2011. This decrease was due to
portfolio mix effect and certain cyclical elements in the fourth quarter 2012,
including year-end tax adjustments relating to the exchange of assets in Norway
and the reversal of a non-deductible loss. 

Adjusted net operating income from the Upstream segment in 2012 was 11,186 M€
compared to 10,602 M€ in 2011, an increase of 6%. Expressed in dollars, adjusted
net operating income from the Upstream segment was 14.4 B$, a decrease of 3%
compared to 2011 explained mainly by the decrease in hydrocarbon production,
since the increase technical costs (as discussed below) was largely offset by
the decrease in the effective tax rate for the Upstream. The effective tax rate
for the Upstream was 58.3% in 2012 compared to 60.4% in 2011. 

Technical costs for consolidated subsidiaries, in accordance with ASC 93229,
were 22.8 $/boe in 2012, compared to 18.9 $/boe in 2011, mainly due to increased
depreciation of tangible assets relating to start-ups such as Pazflor, Halfaya,
and Usan, as well as increased exploration expenses. 

The return on average capital employed (ROACE30) for the Upstream segment was
18% in 2012 compared to 21% in 2011. 

Refining & Chemicals

>Refinery throughput and utilization rates*

 4Q12     3Q12     4Q11     4Q12                                             2012     2011     2012   
                            vs                                                                 vs     
                            4Q11                                                               2011   
 1,648    1,790    1,674    -2%      Total refinery throughput (kb/d)        1,786    1,863    -4%    
 532      653      742      -28%     - France                                657      732      -10%   
 847      864      714      +19%     - Rest of Europe                        866      885      -2%    
 269      273      218      +23%     - Rest of world                         263      246      +7%    
                                     Utilization rates**                                              
 76%      82%      77%               - Based on crude only                   82%      78%             
 79%      86%      79%               - Based on crude and other feedstock    86%      83%             


* includes share of CEPSA, through July 31, 2011, and of TotalErg.Results for
refineries in South Africa, French Antilles and Italy are reported in the
Marketing & Supply segment.

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

In the fourth quarter 2012, refinery throughput decreased by 2% compared to the
fourth quarter 2011. This decrease is essentially due to the temporary shut-down
of the Normandy refinery in connection with the upgrading project during the
entire quarter and the closure of the Rome refinery at the end of the third
quarter 2012, the effects of which were largely offset by higher throughput,
compared to the fourth quarter 2011, at the Group`s other European refineries
and at the Port Arthur refinery in the US. 

In 2012, refinery throughput decreased by 4% compared to 2011, reflecting
essentially the portfolio effect relating to the sale of the Group`s interest in
CEPSA at the end of July 2011 and the closure of the Rome refinery at the end of
the third quarter 2012. Excluding these portfolio effects, throughput increased
by 4% due to increased availability of the Group`s refineries. 

As in 2011, 2012 was marked by higher levels of planned maintenance at European
refineries, in particular the temporary shut-down of the Normandy refinery
during the upgrading project at the end of 2012, as well as scheduled
maintenance at the Provence and Feyzin refineries. 

>Results

 4Q12        3Q12         4Q11         4Q12         in millions of euros                           2012         2011         2012   
                                       vs           (except the ERMI)                                                        vs     
                                       4Q11                                                                                  2011   
 33.9        51.0         15.1         x2.2         European refining margin                       36.0         17.4         x2.1   
                                                    indicator - ERMI ($/t)                                                          
 449         646          (126)        n/a          Adjusted operating income*                     1,513        613          x2.5   
 406         564          35           x12          Adjusted net operating income*                 1,414        848          +67%   
 94          102          75           +25%         - contribution of Specialty Chemicals**        384          423          -9%    
 573         441          624          -8%          Investments                                    1,944        1,910        +2%    
 101         55           58           +74%         Divestments                                    304          2,509        -88%   
 502         1,036        (649)        n/a          Cash flow from operations                      2,127        2,146        -1%    
 672         771          114          x5.9         Adjusted cash flow from operations             2,170        1,318        +65%   


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

** Hutchinson, Bostik, Atotech; including coatings and photocure resins until
they were sold in July 2011

The ERMI averaged 33.9 $/t in the fourth quarter 2012, nearly double the average
of 15.1 $/t during the fourth quarter 2011. For 2012, the ERMI was 36.0 $/t,
more than double the average during 2011. This sharp increase in 2012 was mainly
due to high levels of planned maintenance in the refining sector, particularly
in Europe during the 2012 summer. 

Adjusted net operating income from the Refining & Chemicals segment was 406 M€
in the fourth quarter 2012, compared to 35 M€ in the fourth quarter 2011.
Expressed in dollars, the adjusted net operating income for the segment was 526
M$ compared to 47 M$ in the fourth quarter 2011. This significant increase is
essentially due to improvements in the refining environment between the two
periods. 

Adjusted net operating income from the Refining & Chemicals segment in 2012 was
1,414 M€, an increase of 67% compared to 848 M$ in 2011. Expressed in dollars,
adjusted net operating income was 1.8 B$, an increase of 54% compared to 2011.
This increase is mainly due to the positive effect of improved refining margins
in Europe, noting that throughput at the Group`s refineries decreased on a
global basis by 4% between the two periods, and the petrochemical environment
weakened, particularly in Europe and in polymers. The decrease in adjusted net
operating income for the Specialty Chemicals is attributable entirely to the
sale of the resins business in mid-2011. Excluding this portfolio effect, the
adjusted net operating income for the Specialty Chemicals would have increased
slightly. 

The ROACE for the Refining & Chemicals segment was 9% for 2012, compared to 5%
for 2011. 

Marketing & Services

>Refined product sales

 4Q12         3Q12         4Q11         4Q12         Sales in kb/d*                        2012         2011         2012vs 2011  
                                        vs                                                                                        
                                        4Q11                                                                                      
 1,123        1,143        1,280        -12%         Europe                                1,160        1,455        -20%         
 583          563          534          +9%          Rest of world                         550          532          +3%          
 1,706        1,706        1,814        -6%          Total Marketing & Supply sales        1,710        1,987        -14%         


* excludes trading and bulk sales, includes share of CEPSA, through July 31,
2011, and of TotalErg

In the fourth quarter 2012, sales of Marketing & Services decreased by 6%
compared to the fourth quarter 2011, essentially due to the sale of marketing
activities in the UK. 

For 2012, the decrease in sales of 14% compared to 2011 was almost entirely
attributable to the sale of the Group`s interest in CEPSA and the sale of
marketing activities in the UK. Excluding these portfolio effects, sales would
have decreased by 1% on an annual basis with a notable decrease in Europe (3%)
partially offset by increased sales in Asia and the Middle East. 

>Results

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

 4Q12          3Q12          4Q11          4Q12         in millions of euros                      2012          2011          2012   
                                           vs                                                                                 vs     
                                           4Q11                                                                               2011   
 21,669        21,574        21,958        -1%          Sales                                     86,614        85,325        +2%    
 390           357           285           +37%         Adjusted net operating income*            1,365         1,187         +15%   
 273           243           162           +69%         Adjusted net operating income*            837           813           +3%    
 14            (6)           (76)          n/a          * contribution of New Energies            (169)         (197)         n/a    
 508           383           545           -7%          Investments                               1,301         1,834         -29%   
 46            41            527           -91%         Divestments                               152           1,955         -92%   
 1,024         692           134           x8           Cash flow from operations                 1,132         541           x2     
 353           202           269           +31%         Adjusted cash flow from operations        1,192         1,103         +8%    


+8%

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

Marketing & Services sales were 21.7 B€ for the fourth quarter 2012, basically
stable compared to the fourth quarter 2011. 

Adjusted net operating income from the Marketing & Services segment was 273 M€
in the fourth quarter 2012, compared to 162 M€ in the fourth quarter 2011. This
increase reflects the improvement in the results of New Energies, largely due to
the sale by SunPower of a photovoltaic project in the US, as the results
relating to marketing activities were stable between the two periods. 

For 2012, Marketing & Services sales were 86.6 B€, an increase of 2% compared
2011. 

Adjusted net operating income from the Marketing & Services segment was 837 M€
in 2012, an increase of 3% compared to 813 M€ in 2011. This increase is
explained principally by the improved performance of New Energies. Marketing
activities continued to provide stable results despite sales volumes generally
decreasing, due in particular to improved results from activities in the
Asia-Pacific and Eastern European regions. 

The ROACE for the Marketing & Services segment was 12% for 2012, compared to 13%
for 2011.

* TOTAL S.A., parent company accounts

Net income for TOTAL S.A., the parent company, was 6,520 M€ in 2012, compared to
9,766 M€ in 2011.

* Proposed dividend

After closing the 2012 accounts, the Board of Directors decided to propose at
the May 17, 2013, Annual Shareholders Meeting a dividend of 2.34 euros per share
for 2012, an increase of approximately 3% compared to the previous year. 

Based on 2012 adjusted net income, the payout ratio would be 43%. 

Taking into account the three 2012 interim dividends, the remaining 0.59 euros
per share would be paid on June 27, 2013.31

* Summary and outlook

The ROACE for the Group for 2012 was 16%, stable compared to 2011. Return on
equity for 2012 was 18%, also stable compared to 2011. 

To create profitable and sustainable growth, Total invests in value-creating
projects and optimizes its portfolio, in particular by divesting non-core assets
and subsidiaries with limited growth potential or those in which the Group has a
low working interest. 

The net investment budget of Total for 2013 is 22 B$, stable compared to 2011
and 2012. In executing its 2012-14 asset sale program of 15-20 B$, the Group
sold 6 B$ of assets in 2012 and anticipates reaching the low-end of its target
range by the end of 2013 with the closing of the Usan sale and other divestments
already in progress. The organic investment budget for 2013 is 28 B$, more than
80% of which will be dedicated to Upstream, principally for highly competitive
and profitable projects scheduled to start-up before 2017. 

In the Upstream, Total confirms its production growth targets for 2015, 3% per
year on average over the period 2011-2015, and for 2017, a potential of 3
Mboe/d, all based on improved visibility. Total is focused on delivering its
projects on time and in budget. In 2013, production growth should be fueled by
2012 start-ups as well as anticipated 2013 start-ups, including Anguille in
Gabon, Angola LNG, Kashagan in Kazakhstan, and the extension of OML 58 in
Nigeria. In addition, the Group continues to work in cooperation with the UK
authorities towards a safe and progressive restart of Elgin-Franklin during the
first quarter 2013. Visibility on the Group`s production growth targets will be
further enhanced this year by the launch of additional major projects, notably
in West Africa. 

The exploration budget has been increased to 2.8 B$ for 2013, and the
high-potential exploration program for 2013 reflects the new dynamic of the
Group, with prospects to be drilled in Ivory Coast, Gabon, Kenya, and Brazil. 

In Refining & Chemicals, the restructuring in progress should yield productivity
gains and provide synergies in 2013, and in turn contribute to increased
profitability, in line with the objective of a segment ROACE of 13% in 2015. The
year 2013 also should be highlighted by the start-up of Jubail in Saudi Arabia.
This fully-integrated refinery will have a 400 kb/d capacity for heavy crude and
will provide refined products to growth markets like the Middle East and Asia. 

Marketing & Services seeks to continue to strengthen its worldwide positions and
to capitalize on its ability to respond to its customers` needs. New Energies
will pursue its productivity, development, and innovation programs to increase
its contribution. 

The Group confirms its commitment in favor of a competitive policy for returns
to shareholders, in keeping with its objective of sustainable growth. 

To listen to a presentation by CEO Christophe de Margerie to financial analysts
today in London at 14:00 (London time) please log on to www.total.comor call +44
(0)203 367 9462 in Europe or +1 866 907 5924 in the US. For a replay, please
consult the website or call +44(0)203 367 9460 in Europe or +1 877 642 3018 in
the US (code: 279 921).

1 Definition of adjusted results on page 2 - dollar amounts represent euro
amounts converted at the average €-$ exchange rate for the period : 1.2967 $/€
for the 4th quarter 2012, 1.3482 $/€ for the 4th quarter 2011, 1.2502 $/€ for
the 3rd quarter 2012, 1.2848 $/€ for the full-year 2012, and 1.3920 $/€ for the
full-year 2011. 

2 Group share. Net income (Group share) was 2,381 M€ for the 4th quarter 2012. 

3 Pending approval at the May 17, 2013 Annual Shareholders Meeting, ex-dividend
date for the dividend will be June 24, 2013. 

4 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 20 and the
inventory valuation effect is explained on page 17. 

5 including acquisitions 

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

7 Certain transactions included in the highlights remain subject to approval of
authorities or satisfaction of conditions precedent under contractual terms. 

8 Special items affecting operating income from the business segments had a
negative impact of 826 M€ in the 4th quarter 2012 and a negative impact of 484
M€ in the 4th quarter 2011. 

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 17. 

11 Detail shown on page 20. 

12 Detail shown on page 21. 

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 Special items affecting operating income from the business segments had a
negative impact of 2,342 M€ in 2012 and a negative impact of 873 M€ in 2011. 

17 Adjustment items explained on page 17. 

18 Detail shown on page 20. 

19 Detail shown on page 21. 

20 The Group`s interest in Novatek was 15.3% at December 31, 2012. 

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

22 Net cash flow = cash flow from operations - net investments. 

23 Detail shown on page 22. 

24 Impact of changing hydrocarbon prices on entitlement volumes. 

25 Change in reserves excluding production i.e. (revisions + discoveries,
extensions + acquisitions - divestments) / production for the period. 

26 The reserve replacement rate in an environment with a constant 110.96 $/b oil
price, excluding acquisitions and divestments. 

27 Limited to proved and probable reserves covered by E&P contracts on fields
that have been drilled and for which technical studies have demonstrated
economic development in a 100 $/b Brent environment, including projects
developed by mining. 

28 Proved and probable reserves plus contingent resources (potential average
recoverable reserves from known accumulations - Society of Petroleum Engineers -
03/07). 

29 FASB Accounting Standards Codification Topic 932, Extractive industries - Oil
and Gas 

30 Calculated based on adjusted net operating income and average capital
employed, using replacement cost, as shown on page 23. 

31 the ex-dividend date for the remainder of the 2012 dividend would be June 24,
2013 ; for the ADR (NYSE:TOT) the ex-dividend date would be June 19, 2013 

This press release presents the 2012 results from the consolidated financial
statements of TOTAL S.A. as of December 31, 2012. The audit procedures by the
Statutory Auditors are underway.This document does not constitute the Annual
Financial Report (Rapport Financier Annuel) within the meaning ofarticle L.
451-1-2 of the French monetary and financial Code (Code monétaire et financier).

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 Group 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 Downstream and Chemicals 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
As from January 1, 2011, 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 Form 20-F, File N° 1-10888,
available from us at 2, place Jean Millier - La Défense 6 - 92078 Paris - La
Défense Cedex, France, or at our Web site: www.total.com. You can also obtain
this form from the SEC by calling 1-800-SEC-0330 or on the SEC`s Web site:
www.sec.gov.

Operating information by segment for the fourth quarter and full-year 2012

* Upstream

 4Q12         3Q12         4Q11         4Q12         Combined liquids and gas production by region (kboe/d)        2012         2011         2012   
                                        vs                                                                                                   vs     
                                        4Q11                                                                                                 2011   
 421          361          518          -19%         Europe                                                        427          512          -17%   
 701          737          693          +1%          Africa                                                        713          659          +8%    
 482          501          546          -12%         Middle East                                                   493          570          -14%   
 67           71           67           -            North America                                                 69           67           +3%    
 175          182          182          -4%          South America                                                 182          188          -3%    
 227          230          212          +7%          Asia-Pacific                                                  221          231          -4%    
 220          190          166          +33%         CIS                                                           195          119          +64%   
 2,293        2,272        2,384        -4%          Total production                                              2,300        2,346        -2%    
 624          615          580          +8%          Includes equity affiliates                                    611          571          +7%    
 4Q12         3Q12         4Q11         4Q12         Liquids production by region (kb/d)                           2012         2011         2012   
                                        vs                                                                                                   vs     
                                        4Q11                                                                                                 2011   
 185          179          244          -24%         Europe                                                        197          245          -20%   
 568          587          553          +3%          Africa                                                        574          517          +11%   
 312          323          304          +3%          Middle East                                                   311          317          -2%    
 26           25           22           +18%         North America                                                 25           27           -7%    
 57           56           62           -8%          South America                                                 59           71           -17%   
 28           28           25           +12%         Asia-Pacific                                                  27           27           -      
 30           27           27           +11%         CIS                                                           27           22           +23%   
 1,206        1,225        1,237        -3%          Total production                                              1,220        1,226        -      
 307          316          295          +4%          Includes equity affiliates                                    308          316          -3%    


 4Q12         3Q12         4Q11         4Q12         Gas production by region (Mcf/d)        2012         2011         2012   
                                        vs                                                                             vs     
                                        4Q11                                                                           2011   
 1,270        1,011        1,491        -15%         Europe                                  1,259        1,453        -13%   
 654          763          688          -5%          Africa                                  705          715          -1%    
 930          971          1,307        -29%         Middle East                             990          1,370        -28%   
 228          260          246          -7%          North America                           246          227          +8%    
 657          650          664          -1%          South America                           682          648          +5%    
 1,127        1,135        1,056        +7%          Asia-Pacific                            1,089        1,160        -6%    
 1,031        890          749          +38%         CIS                                     909          525          +73%   
 5,897        5,680        6,201        -5%          Total production                        5,880        6,098        -4%    
 1,712        1,618        1,537        +11%         Includes equity affiliates              1,637        1,383        +18%   
 4Q12         3Q12         4Q11         4Q12         Liquefied natural gas                   2012         2011         2012   
                                        vs                                                                             vs     
                                        4Q11                                                                           2011   
 2.73         2.92         3.15         -13%         LNG sales* (Mt)                         11.42        13.19        -13%   


* 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 & Supply)

 4Q12         3Q12         4Q11         4Q12            Refined product sales by region (kb/d)*        2012         2011         2012      
                                        vs 4Q11                                                                                  vs 2011   
 1,964        1,979        2,049        -4%             Europe                                         2,018        2,281        -12%      
 413          411          378          +9%             Africa                                         404          387          +4%       
 435          535          409          +6%             Americas                                       480          481          -         
 531          399          486          +9%             Rest of world                                  501          490          +2%       
 3,343        3,324        3,322        +1%             Total consolidated sales                       3,403        3,639        -6%       
 545          539          446          +22%            Includes bulk sales                            532          437          +22%      
 1,092        1,080        1,062        +3%             Includes trading                               1,161        1,215        -4%       


* includes share of CEPSA, through July 31, 2011, and of TotalErg

Adjustment items

* Adjustments to operating income

 4Q12           3Q12           4Q11         in millions of euros                                        2012           2011   
 (826)          (1,362)        (484)        Special items affecting operating income                    (2,342)        (873)  
 62             (16)           -            - Restructuring charges                                     (2)            -      
 (340)          (1,134)        (535)        - Impairments                                               (1,474)        (781)  
 (548)          (212)          51           - Other                                                     (866)          (92)   
 (462)          766            58           Pre-tax inventory effect : FIFO vs. replacement cost        (234)          1,215  
 13             (8)            30           Effect of changes in fair value                             (9)            45     
                                                                                                                              
 (1,275)        (604)          (396)        Total adjustments affecting operating income                (2,585)        387    


* Adjustments to net income (Group share)

 4Q12         3Q12         4Q11         in millions of euros                                              2012           2011           
 (398)        (800)        (504)        Special items affecting net operating income (Group share)        (1,503)        (14)           
 226          202          268          - Gain on asset sales                                             581            1,538          
 (4)          (33)         (66)         - Restructuring charges                                           (77)           (122)          
 (337)        (737)        (716)        - Impairments                                                     (1,112)        (1,014)        
 (283)        (232)        10           - Other                                                           (895)          (416)          
 (312)        524          49           After-tax inventory effect : FIFO vs. replacement cost            (157)          834            
 10           (6)          20           Effect of changes in fair value                                   (7)            32             
                                                                                                                                        
 (700)        (282)        (435)        Total adjustments affecting net income                            (1,667)        852            


Effective tax rates

 4Q12         3Q12         4Q11         Effective tax rate*        2012         2011         
 54.8%        58.8%        59.9%        Upstream                   58.3%        60.4%        
 52.2%        55.3%        60.8%        Group                      56.2%        58.4%        


* 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

 4Q12         3Q12         4Q11         4Q12         in millions of euros                       2012          2011          2012         
                                        vs                                                                                  vs           
                                        4Q11                                                                                2011         
 5,360        4,903        5,225        +3%          Investments excluding acquisitions*        18,516        14,828        +25%         
 380          303          328          +16%         * Capitalized exploration                  1,352         1,074         +26%         
 (181)        455          244          n/a          * Change in non-recurrent loans**          664           339           +96%         
 578          294          1,858        -69%         Acquisitions                               3,142         8,840         -64%         
 5,938        5,197        7,083        -16%         Investments including acquisitions*        21,658        23,668        -8%          
 881          1,416        1,211        -27%         Asset sales                                4,586         7,705         -40%         
 5,057        3,781        5,872        -14%         Net investments**                          17,072        15,963        +7%          
 4Q12         3Q12         4Q11         4Q12         in millions of dollars***                  2012          2011          2012         
                                        vs                                                                                  vs           
                                        4Q11                                                                                2011         
 6,950        6,130        7,044        -1%          Investments excluding acquisitions*        23,789        20,641        +15%         
 493          379          442          +11%         * Capitalized exploration                  1,737         1,495         +16%         
 (235)        569          329          n/a          * Change in non-recurrent loans**          853           472           +81%         
 749          368          2,505        -70%         Acquisitions                               4,037         12,305        -67%         
 7,700        6,498        9,549        -19%         Investments including acquisitions*        27,826        32,946        -16%         
 1,142        1,770        1,633        -30%         Asset sales                                5,892         10,725        -45%         
 6,557        4,727        7,917        -17%         Net investments**                          21,934        22,220        -1%          


-1%

*includes changes in non-current loans

**includes net investments in equity affiliates and non-consolidated companies +
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                           12/31/2012        09/30/2012        12/31/2011        
 Current borrowings                             11,016            10,647            9,675             
 Net current financial assets                   (1,386)           (1,493)           (533)             
 Non-current financial debt                     756               -                 -                 
 Hedging instruments of non-current debt        22,274            24,606            22,557            
 Cash and cash equivalents                      (1,626)           (1,796)           (1,976)           
 Current borrowings                             (15,469)          (16,833)          (14,025)          
 Net debt                                       15,565            15,131            15,698            
                                                                                                      
 Shareholders` equity                           72,912            72,789            68,037            
 Estimated dividend payable                     (1,299)           (1,291)           (1,255)           
 Non-controlling interests                      1,281             1,275             1,352             
 Equity                                         72,894            72,773            68,134            
                                                                                                      
 Net-debt-to-equity ratio                       21.4%             20.8%             23.0%             


2013 Sensitivities*

                                         Scenario        Change              Impact on adjusted operating income(e)        Impact on adjusted net operating income(e)        
 Dollar                                  1.30 $/€        +0.1 $ par €        -2.2 B€                                       -0.95 B€                                          
 Brent                                   100 $/b         +1 $/b              +0.24 B€ / 0.31 B$                            +0.11 B€ / 0.14 B$                                
 European refining margins (ERMI)        30 $/t          +1 $/t              +0.08 B€ / 0.1 B$                             +0.05 B€ / 0.06 B$                                


* 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 December 31, 2012

 in millions of euros                   Upstream        Refining & Chemicals        Marketing & Supply                Group         
 Adjusted net operating income          11,186          1,414                       837                               13,012        
 Capital employed at 12/31/2011*        57,331          15,883                      6,999                             81,066        
 Capital employed at 12/31/2012*        64,413          16,403                      7,254                             85,880        
 ROACE                                  18.4%           8.8%                        11.7%                             15.6%         


* Twelve months ended September 30, 2012

 in millions of euros                   Upstream        Refining & Chemicals        Marketing & Supply                Group         
 Adjusted net operating income          11,359          1,043                       726                               12,621        
 Capital employed at 09/30/2011*        49,791          14,692                      7,253                             72,764        
 Capital employed at 09/30/2012*        63,293          16,413                      7,800                             85,003        
 ROACE                                  20.1%           6.7%                        9.6%                              16.0%         


* Twelve months ended December 31, 2011

 in millions of euros                   Upstream        Refining & Chemicals        Marketing & Supply                Group         
 Adjusted net operating income          10,602          848                         813                               12,045        
 Capital employed at 12/31/2010*        43,671          17,265                      5,909                             70,866        
 Capital employed at 12/31/2011*        57,331          15,883                      6,999                             81,066        
 ROACE                                  21.0%           5.1%                        12.6%                             15.9%         


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

 CONSOLIDATED STATEMENT OF INCOME                                                                                                                  
 TOTAL                                                                                                                                             
 (unaudited)                                                                                                                                       
                                                                                                                                                   
 (M€) (a)                                                                                 4th quarter        3rd quarter        4th quarter        
                                                                                          2012               2012               2011               
 Sales                                                                                    49,868             49,890             47,492             
 Excise taxes                                                                             (4,399)            (4,411)            (4,534)            
 Revenues from sales                                                                      45,469             45,479             42,958             
 Purchases, net of inventory variation                                                    (31,854)           (30,609)           (29,233)           
 Other operating expenses                                                                 (6,221)            (5,528)            (5,276)            
 Exploration costs                                                                        (504)              (317)              (339)              
 Depreciation, depletion and amortization of tangible assets and mineral interests        (2,413)            (3,246)            (2,416)            
 Other income                                                                             474                474                281                
 Other expense                                                                            (239)              (129)              (838)              
 Financial interest on debt                                                               (160)              (154)              (156)              
 Financial income from marketable securities & cash equivalents                           33                 8                  57                 
 Cost of net debt                                                                         (127)              (146)              (99)               
 Other financial income                                                                   123                141                91                 
 Other financial expense                                                                  (110)              (135)              (102)              
 Equity in net income (loss) of affiliates                                                392                641                478                
 Income taxes                                                                             (2,572)            (3,488)            (3,121)            
 Consolidated net income                                                                  2,418              3,137              2,384              
 Group share                                                                              2,381              3,066              2,290              
 Non-controlling interests                                                                37                 71                 94                 
 Earnings per share (€)                                                                   1.05               1.36               1.02               
 Fully-diluted earnings per share (€)                                                     1.05               1.35               1.01               
 (a) Except for per share amounts.                                                                                                                 


 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME                                                                                                              
 TOTAL                                                                                                                                                       
 (unaudited)                                                                                                                                                 
                                                                                                                                                             
 (M€)                                                                                               4th quarter        3rd quarter        4th quarter        
                                                                                                    2012               2012               2011               
 Consolidated net income                                                                            2,418              3,137              2,384              
 Other comprehensive income                                                                                                                                  
 Currency translation adjustment                                                                    (1,000)            (1,007)            1,833              
 Available for sale financial assets                                                                4                  (183)              296                
 Cash flow hedge                                                                                    29                 33                 5                  
 Share of other comprehensive income of associates, net amount                                      (31)               86                 219                
 Other                                                                                              2                  (2)                2                  
                                                                                                                                                             
 Tax effect                                                                                         (9)                37                 (108)              
 Total other comprehensive income (net amount)                                                      (1,005)            (1,036)            2,247              
                                                                                                                                                             
 Comprehensive income                                                                               1,413              2,101              4,631              
 - Group share                                                                                      1,407              2,061              4,478              
 - Non-controlling interests                                                                        6                  40                 153                


 CONSOLIDATED STATEMENT OF INCOME                                                                                           
 TOTAL                                                                                                                      
                                                                                                                            
                                                                                                                            
 (M€) (a)                                                                                 Year             Year             
                                                                                          2012             2011             
 Sales                                                                                    200,061          184,693          
 Excise taxes                                                                             (17,762)         (18,143)         
 Revenues from sales                                                                      182,299          166,550          
 Purchases, net of inventory variation                                                    (126,798)        (113,892)        
 Other operating expenses                                                                 (22,668)         (19,843)         
 Exploration costs                                                                        (1,446)          (1,019)          
 Depreciation, depletion and amortization of tangible assets and mineral interests        (9,525)          (7,506)          
 Other income                                                                             1,462            1,946            
 Other expense                                                                            (915)            (1,247)          
 Financial interest on debt                                                               (671)            (713)            
 Financial income from marketable securities & cash equivalents                           100              273              
 Cost of net debt                                                                         (571)            (440)            
 Other financial income                                                                   558              609              
 Other financial expense                                                                  (499)            (429)            
 Equity in net income (loss) of affiliates                                                2,010            1,925            
 Income taxes                                                                             (13,066)         (14,073)         
 Consolidated net income                                                                  10,841           12,581           
 Group share                                                                              10,694           12,276           
 Non-controlling interests                                                                147              305              
 Earnings per share (€)                                                                   4.74             5.46             
 Fully-diluted earnings per share (€)                                                     4.72             5.44             
 (a) Except for per share amounts.                                                                                          


 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME                                                                                     
 TOTAL                                                                                                                              
                                                                                                                                    
                                                                                                                                    
 (M€)                                                                                               Year              Year          
                                                                                                    2012              2011          
 Consolidated net income                                                                            10,841            12,581        
 Other comprehensive income                                                                                                         
 Currency translation adjustment                                                                    (701)             1,498         
 Available for sale financial assets                                                                (338)             337           
 Cash flow hedge                                                                                    65                (84)          
 Share of other comprehensive income of associates, net amount                                      160               (15)          
 Other                                                                                              (13)              (2)           
                                                                                                                                    
 Tax effect                                                                                         63                (55)          
 Total other comprehensive income (net amount)                                                      (764)             1,679         
                                                                                                                                    
 Comprehensive income                                                                               10,077            14,260        
 - Group share                                                                                      9,969             13,911        
 - Non-controlling interests                                                                        108               349           


 CONSOLIDATED BALANCE SHEET                                                                                                           
 TOTAL                                                                                                                                
                                                                                                                                      
                                                                                                                                      
 (M€)                                                     December 31, 2012        September 30, 2012        December 31, 2011        
                                                                                   (unaudited)                                        
 ASSETS                                                                                                                               
 Non-current assets                                                                                                                   
 Intangible assets, net                                   12,858                   12,964                    12,413                   
 Property, plant and equipment, net                       69,332                   70,583                    64,457                   
 Equity affiliates : investments and loans                13,759                   14,413                    12,995                   
 Other investments                                        1,190                    1,181                     3,674                    
 Hedging instruments of non-current financial debt        1,626                    1,796                     1,976                    
 Deferred income taxes                                    1,832                    1,612                     1,767                    
 Other non-current assets                                 3,715                    3,603                     3,104                    
 Total non-current assets                                 104,312                  106,152                   100,386                  
 Current assets                                                                                                                       
 Inventories, net                                         17,397                   17,266                    18,122                   
 Accounts receivable, net                                 19,206                   20,331                    20,049                   
 Other current assets                                     10,086                   11,377                    10,767                   
 Current financial assets                                 1,562                    1,726                     700                      
 Cash and cash equivalents                                15,469                   16,833                    14,025                   
 Assets classified as held for sale                       3,797                    -                         -                        
 Total current assets                                     67,517                   67,533                    63,663                   
 Total assets                                             171,829                  173,685                   164,049                  
 LIABILITIES & SHAREHOLDERS' EQUITY                                                                                                   
 Shareholders' equity                                                                                                                 
 Common shares                                            5,915                    5,915                     5,909                    
 Paid-in surplus and retained earnings                    71,827                   70,703                    66,506                   
 Currency translation adjustment                          (1,488)                  (487)                     (988)                    
 Treasury shares                                          (3,342)                  (3,342)                   (3,390)                  
 Total shareholders' equity - Group Share                 72,912                   72,789                    68,037                   
 Non-controlling interests                                1,281                    1,275                     1,352                    
 Total shareholders' equity                               74,193                   74,064                    69,389                   
 Non-current liabilities                                                                                                              
 Deferred income taxes                                    12,785                   13,167                    12,260                   
 Employee benefits                                        1,973                    1,987                     2,232                    
 Provisions and other non-current liabilities             11,585                   11,170                    10,909                   
 Non-current financial debt                               22,274                   24,606                    22,557                   
 Total non-current liabilities                            48,617                   50,930                    47,958                   
 Current liabilities                                                                                                                  
 Accounts payable                                         21,648                   20,869                    22,086                   
 Other creditors and accrued liabilities                  14,698                   16,942                    14,774                   
 Current borrowings                                       11,016                   10,647                    9,675                    
 Other current financial liabilities                      176                      233                       167                      
 Other current financial liabilities                      1,481                    -                         -                        
 Total current liabilities                                49,019                   48,691                    46,702                   
 Total liabilities and shareholders' equity               171,829                  173,685                   164,049                  


 CONSOLIDATED STATEMENT OF CASH FLOW                                                                                                           
 TOTAL                                                                                                                                         
 (unaudited)                                                                                                                                   
                                                                                                                                               
 (M€)                                                                                 4th quarter        3rd quarter        4th quarter        
                                                                                      2012               2012               2011               
 CASH FLOW FROM OPERATING ACTIVITIES                                                                                                           
 Consolidated net income                                                              2,418              3,137              2,384              
 Depreciation, depletion and amortization                                             2,801              3,413              3,037              
 Non-current liabilities, valuation allowances and deferred taxes                     317                803                505                
 Impact of coverage of pension benefit plans                                          -                  -                  -                  
 (Gains) losses on sales of assets                                                    (456)              (419)              (73)               
 Undistributed affiliates' equity earnings                                            119                (135)              50                 
 (Increase) decrease in working capital                                               636                (1,661)            (3,129)            
 Other changes, net                                                                   30                 25                 20                 
 Cash flow from operating activities                                                  5,865              5,163              2,794              
 CASH FLOW USED IN INVESTING ACTIVITIES                                                                                                        
 Intangible assets and property, plant and equipment additions                        (6,038)            (4,512)            (5,559)            
 Acquisitions of subsidiaries, net of cash acquired                                   8                  (74)               (45)               
 Investments in equity affiliates and other securities                                (89)               (156)              (1,235)            
 Increase in non-current loans                                                        (504)              (674)              (528)              
 Total expenditures                                                                   (6,623)            (5,416)            (7,367)            
 Proceeds from disposal of intangible assets and property, plant and equipment        482                274                600                
 Proceeds from disposal of subsidiaries, net of cash sold                             317                1                  5                  
 Proceeds from disposal of non-current investments                                    82                 1,141              606                
 Repayment of non-current loans                                                       685                219                284                
 Total divestments                                                                    1,566              1,635              1,495              
 Cash flow used in investing activities                                               (5,057)            (3,781)            (5,872)            
 CASH FLOW USED IN FINANCING ACTIVITIES                                                                                                        
 Issuance (repayment) of shares:                                                                                                               
 - Parent company shareholders                                                        -                  1                  -                  
 - Treasury shares                                                                    -                  (68)               -                  
 Dividends paid:                                                                                                                               
 - Parent company shareholders                                                        (1,332)            (1,282)            (1,285)            
 - Non-controlling interests                                                          (4)                (2)                (75)               
 Other transactions with non-controlling interests                                    -                  -                  (632)              
 Net issuance (repayment) of non-current debt                                         144                2,062              129                
 Increase (decrease) in current borrowings                                            (862)              (98)               (1,617)            
 Increase (decrease) in current financial assets and liabilities                      23                 (31)               531                
 Cash flow used in financing activities                                               (2,031)            582                (2,949)            
 Net increase (decrease) in cash and cash equivalents                                 (1,223)            1,964              (6,027)            
 Effect of exchange rates                                                             (141)              (129)              110                
 Cash and cash equivalents at the beginning of the period                             16,833             14,998             19,942             
 Cash and cash equivalents at the end of the period                                   15,469             16,833             14,025             


 CONSOLIDATED STATEMENT OF CASH FLOW                                                                                  
 TOTAL                                                                                                                
                                                                                                                      
                                                                                                                      
 (M€)                                                                                 Year            Year            
                                                                                      2012            2011            
 CASH FLOW FROM OPERATING ACTIVITIES                                                                                  
 Consolidated net income                                                              10,841          12,581          
 Depreciation, depletion and amortization                                             10,481          8,628           
 Non-current liabilities, valuation allowances and deferred taxes                     1,385           1,665           
 Impact of coverage of pension benefit plans                                          (362)           -               
 (Gains) losses on sales of assets                                                    (1,321)         (1,590)         
 Undistributed affiliates' equity earnings                                            211             (107)           
 (Increase) decrease in working capital                                               1,084           (1,739)         
 Other changes, net                                                                   143             98              
 Cash flow from operating activities                                                  22,462          19,536          
 CASH FLOW USED IN INVESTING ACTIVITIES                                                                               
 Intangible assets and property, plant and equipment additions                        (19,905)        (17,950)        
 Acquisitions of subsidiaries, net of cash acquired                                   (191)           (854)           
 Investments in equity affiliates and other securities                                (898)           (4,525)         
 Increase in non-current loans                                                        (1,949)         (1,212)         
 Total expenditures                                                                   (22,943)        (24,541)        
 Proceeds from disposal of intangible assets and property, plant and equipment        1,418           1,439           
 Proceeds from disposal of subsidiaries, net of cash sold                             352             575             
 Proceeds from disposal of non-current investments                                    2,816           5,691           
 Repayment of non-current loans                                                       1,285           873             
 Total divestments                                                                    5,871           8,578           
 Cash flow used in investing activities                                               (17,072)        (15,963)        
 CASH FLOW USED IN FINANCING ACTIVITIES                                                                               
 Issuance (repayment) of shares:                                                                                      
 - Parent company shareholders                                                        32              481             
 - Treasury shares                                                                    (68)            -               
 Dividends paid:                                                                                                      
 - Parent company shareholders                                                        (5,184)         (5,140)         
 - Non controlling interests                                                          (104)           (172)           
 Other transactions with non-controlling interests                                    1               (573)           
 Net issuance (repayment) of non-current debt                                         5,279           4,069           
 Increase (decrease) in current borrowings                                            (2,754)         (3,870)         
 Increase (decrease) in current financial assets and liabilities                      (947)           896             
 Cash flow used in financing activities                                               (3,745)         (4,309)         
 Net increase (decrease) in cash and cash equivalents                                 1,645           (736)           
 Effect of exchange rates                                                             (201)           272             
 Cash and cash equivalents at the beginning of the period                             14,025          14,489          
 Cash and cash equivalents at the end of the period                                   15,469          14,025          


 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY                                                                                                                                                                                                                                                                                                                                                     
 TOTAL                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                 Common shares issued                                       Paid-in surplus and retained earnings                 Currency translation adjustment                 Treasury shares                                       Shareholders' equity Group Share              Non-controlling interests              Total shareholders' equity        
 (M€)                                                            Number                              Amount                                                                                                                       Number                           Amount                                                                                                                                      
 As of January 1, 2011                                           2,349,640,931                       5,874                  60,538                                                (2,495)                                         (112,487,679)                    (3,503)              60,414                                        857                                    61,271                            
 Net income 2011                                                 -                                   -                      12,276                                                -                                               -                                -                    12,276                                        305                                    12,581                            
 Other comprehensive Income                                      -                                   -                      231                                                   1,404                                           -                                -                    1,635                                         44                                     1,679                             
 Comprehensive Income                                            -                                   -                      12,507                                                1,404                                           -                                -                    13,911                                        349                                    14,260                            
 Dividend                                                        -                                   -                      (6,457)                                               -                                               -                                -                    (6,457)                                       (172)                                  (6,629)                           
 Issuance of common shares                                       14,126,382                          35                     446                                                   -                                               -                                -                    481                                           -                                      481                               
 Purchase of treasury shares                                     -                                   -                      -                                                     -                                               -                                -                    -                                             -                                      -                                 
 Sale of treasury shares (1)                                     -                                   -                      (113)                                                 -                                               2,933,506                        113                  -                                             -                                      -                                 
 Share-based payments                                            -                                   -                      161                                                   -                                               -                                -                    161                                           -                                      161                               
 Share cancellation                                              -                                   -                      -                                                     -                                               -                                -                    -                                             -                                      -                                 
 Other operations with non-controlling interests                 -                                   -                      (553)                                                 103                                             -                                -                    (450)                                         (123)                                  (573)                             
 Other items                                                     -                                   -                      (23)                                                  -                                               -                                -                    (23)                                          441                                    418                               
 As of December 31, 2011                                         2,363,767,313                       5,909                  66,506                                                (988)                                           (109,554,173)                    (3,390)              68,037                                        1,352                                  69,389                            
 Net income 2012                                                 -                                   -                      10,694                                                -                                               -                                -                    10,694                                        147                                    10,841                            
 Other comprehensive Income                                      -                                   -                      (219)                                                 (506)                                           -                                -                    (725)                                         (39)                                   (764)                             
 Comprehensive Income                                            -                                   -                      10,475                                                (506)                                           -                                -                    9,969                                         108                                    10,077                            
 Dividend                                                        -                                   -                      (5,237)                                               -                                               -                                -                    (5,237)                                       (104)                                  (5,341)                           
 Issuance of common shares                                       2,165,833                           6                      26                                                    -                                               -                                -                    32                                            -                                      32                                
 Purchase of treasury shares                                     -                                   -                      -                                                     -                                               (1,800,000)                      (68)                 (68)                                          -                                      (68)                              
 Sale of treasury shares (1)                                     -                                   -                      (116)                                                 -                                               2,962,534                        116                  -                                             -                                      -                                 
 Share-based payments                                            -                                   -                      146                                                   -                                               -                                -                    146                                           -                                      146                               
 Share cancellation                                              -                                   -                      -                                                     -                                               -                                -                    -                                             -                                      -                                 
 Other operations with non-controlling interests                 -                                   -                      11                                                    6                                               -                                -                    17                                            (16)                                   1                                 
 Other items                                                     -                                   -                      16                                                    -                                               -                                -                    16                                            (59)                                   (43)                              
 As of December 31, 2012                                         2,365,933,146                       5,915                  71,827                                                (1,488)                                         (108,391,639)                    (3,342)              72,912                                        1,281                                  74,193                            
                                                                                                                                                                                                                                                                                                                                                                                                               
 (1) Treasury shares related to the restricted stock grants.                                                                                                                                                                                                                                                                                                                                                   


 BUSINESS SEGMENT INFORMATION                                                                                                                                                                                                                                                                                  
 TOTAL                                                                                                                                                                                                                                                                                                         
 (unaudited)                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                               
 4th quarter 2012                                                                                        Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Non-Group sales                                                                                         5,988                          22,169                                   21,669                                     42                              -                                  49,868          
 Intersegment sales                                                                                      8,081                          11,013                                   148                                        59                              (19,301)                           -               
 Excise taxes                                                                                            -                              (959)                                    (3,440)                                    -                               -                                  (4,399)         
 Revenues from sales                                                                                     14,069                         32,223                                   18,377                                     101                             (19,301)                           45,469          
 Operating expenses                                                                                      (7,906)                        (31,824)                                 (17,937)                                   (213)                           19,301                             (38,579)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,752)                        (491)                                    (160)                                      (10)                            -                                  (2,413)         
 Operating income                                                                                        4,411                          (92)                                     280                                        (122)                           -                                  4,477           
 Equity in net income (loss) of affiliates and other items                                               692                            57                                       (122)                                      13                              -                                  640             
 Tax on net operating income                                                                             (2,512)                        23                                       (84)                                       5                               -                                  (2,568)         
 Net operating income                                                                                    2,591                          (12)                                     74                                         (104)                           -                                  2,549           
 Net cost of net debt                                                                                                                                                                                                                                                                          (131)           
 Non-controlling interests                                                                                                                                                                                                                                                                     (37)            
 Net income                                                                                                                                                                                                                                                                                    2,381           
                                                                                                                                                                                                                                                                                                               
 4th quarter 2012 (adjustments) (a)                                                                      Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Non-Group sales                                                                                         13                             -                                        -                                          -                               -                                  13              
 Intersegment sales                                                                                      -                              -                                        -                                          -                               -                                                  
 Excise taxes                                                                                            -                              -                                        -                                          -                               -                                                  
 Revenues from sales                                                                                     13                             -                                        -                                          -                               -                                  13              
 Operating expenses                                                                                      (571)                          (337)                                    (102)                                      -                               -                                  (1,010)         
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (66)                           (204)                                    (8)                                        -                               -                                  (278)           
 Operating income (b)                                                                                    (624)                          (541)                                    (110)                                      -                               -                                  (1,275)         
 Equity in net income (loss) of affiliates and other items                                               240                            (29)                                     (123)                                      (13)                            -                                  75              
 Tax on net operating income                                                                             296                            152                                      34                                         (2)                             -                                  480             
 Net operating income (b)                                                                                (88)                           (418)                                    (199)                                      (15)                            -                                  (720)           
 Net cost of net debt                                                                                                                                                                                                                                                                          -               
 Non-controlling interests                                                                                                                                                                                                                                                                     20              
 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 income                                                                                     -                              (351)                                    (111)                                      -                                                                                  
 On net operating income                                                                                 -                              (236)                                    (74)                                       -                                                                                  
                                                                                                                                                                                                                                                                                                               
 4th quarter 2012 (adjusted)                                                                             Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€) (a)                                                                                                                                                                                                                                                                                                      
 Non-Group sales                                                                                         5,975                          22,169                                   21,669                                     42                              -                                  49,855          
 Intersegment sales                                                                                      8,081                          11,013                                   148                                        59                              (19,301)                           -               
 Excise taxes                                                                                            -                              (959)                                    (3,440)                                    -                               -                                  (4,399)         
 Revenues from sales                                                                                     14,056                         32,223                                   18,377                                     101                             (19,301)                           45,456          
 Operating expenses                                                                                      (7,335)                        (31,487)                                 (17,835)                                   (213)                           19,301                             (37,569)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,686)                        (287)                                    (152)                                      (10)                            -                                  (2,135)         
 Adjusted operating income                                                                               5,035                          449                                      390                                        (122)                           -                                  5,752           
 Equity in net income (loss) of affiliates and other items                                               452                            86                                       1                                          26                              -                                  565             
 Tax on net operating income                                                                             (2,808)                        (129)                                    (118)                                      7                               -                                  (3,048)         
 Adjusted net operating income                                                                           2,679                          406                                      273                                        (89)                            -                                  3,269           
 Net cost of net debt                                                                                                                                                                                                                                                                          (131)           
 Non-controlling interests                                                                                                                                                                                                                                                                     (57)            
 Ajusted net income                                                                                                                                                                                                                                                                            3,081           
 Adjusted fully-diluted earnings per share (€)                                                                                                                                                                                                                                                 1.36            
 (a) Except for per share amounts.                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                               
 4th quarter 2012                                                                                        Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Total expenditures                                                                                      5,518                          573                                      508                                        24                              -                                  6,623           
 Total divestments                                                                                       1,415                          101                                      46                                         4                               -                                  1,566           
 Cash flow from operating activities                                                                     4,429                          502                                      1,024                                      (90)                            -                                  5,865           


 BUSINESS SEGMENT INFORMATION                                                                                                                                                                                                                                                                                  
 TOTAL                                                                                                                                                                                                                                                                                                         
 (unaudited)                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                               
 3rd quarter 2012                                                                                        Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Non-Group sales                                                                                         5,001                          23,260                                   21,574                                     55                              -                                  49,890          
 Intersegment sales                                                                                      7,455                          11,168                                   154                                        47                              (18,824)                           -               
 Excise taxes                                                                                            -                              (956)                                    (3,455)                                    -                               -                                  (4,411)         
 Revenues from sales                                                                                     12,456                         33,472                                   18,273                                     102                             (18,824)                           45,479          
 Operating expenses                                                                                      (5,279)                        (31,914)                                 (17,836)                                   (249)                           18,824                             (36,454)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (2,779)                        (321)                                    (136)                                      (10)                            -                                  (3,246)         
 Operating income                                                                                        4,398                          1,237                                    301                                        (157)                           -                                  5,779           
 Equity in net income (loss) of affiliates and other items                                               642                            41                                       7                                          302                             -                                  992             
 Tax on net operating income                                                                             (2,961)                        (348)                                    (81)                                       (119)                           -                                  (3,509)         
 Net operating income                                                                                    2,079                          930                                      227                                        26                              -                                  3,262           
 Net cost of net debt                                                                                                                                                                                                                                                                          (125)           
 Non-controlling interests                                                                                                                                                                                                                                                                     (71)            
 Net income                                                                                                                                                                                                                                                                                    3,066           
                                                                                                                                                                                                                                                                                                               
 3rd quarter 2012 (adjustments) (a)                                                                      Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Non-Group sales                                                                                         (8)                            -                                        -                                          -                               -                                  (8)             
 Intersegment sales                                                                                      -                              -                                        -                                          -                               -                                                  
 Excise taxes                                                                                            -                              -                                        -                                          -                               -                                                  
 Revenues from sales                                                                                     (8)                            -                                        -                                          -                               -                                  (8)             
 Operating expenses                                                                                      3                              593                                      (42)                                       -                               -                                  554             
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,134)                        (2)                                      (14)                                       -                               -                                  (1,150)         
 Operating income (b)                                                                                    (1,139)                        591                                      (56)                                       -                               -                                  (604)           
 Equity in net income (loss) of affiliates and other items                                               -                              5                                        33                                         293                             -                                  331             
 Tax on net operating income                                                                             327                            (230)                                    7                                          (90)                            -                                  14              
 Net operating income (b)                                                                                (812)                          366                                      (16)                                       203                             -                                  (259)           
 Net cost of net debt                                                                                                                                                                                                                                                                          -               
 Non-controlling interests                                                                                                                                                                                                                                                                     (23)            
 Net income                                                                                                                                                                                                                                                                                    (282)           
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                               
 
(b) Of which inventory valuation effect                                                                                                                                                                                                                                                                      
 On operating income                                                                                     -                              627                                      139                                        -                                                                                  
 On net operating income                                                                                 -                              444                                      94                                         -                                                                                  
 (c) Of which equity share of adjustments related to Sanofi-Aventis                                      -                              -                                        -                                          -                                                                                  
 3rd quarter 2012 (adjusted)                                                                             Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€) (a)                                                                                                                                                                                                                                                                                                      
 Non-Group sales                                                                                         5,009                          23,260                                   21,574                                     55                              -                                  49,898          
 Intersegment sales                                                                                      7,455                          11,168                                   154                                        47                              (18,824)                           -               
 Excise taxes                                                                                            -                              (956)                                    (3,455)                                    -                               -                                  (4,411)         
 Revenues from sales                                                                                     12,464                         33,472                                   18,273                                     102                             (18,824)                           45,487          
 Operating expenses                                                                                      (5,282)                        (32,507)                                 (17,794)                                   (249)                           18,824                             (37,008)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,645)                        (319)                                    (122)                                      (10)                            -                                  (2,096)         
 Adjusted operating income                                                                               5,537                          646                                      357                                        (157)                           -                                  6,383           
 Equity in net income (loss) of affiliates and other items                                               642                            36                                       (26)                                       9                               -                                  661             
 Tax on net operating income                                                                             (3,288)                        (118)                                    (88)                                       (29)                            -                                  (3,523)         
 Adjusted net operating income                                                                           2,891                          564                                      243                                        (177)                           -                                  3,521           
 Net cost of net debt                                                                                                                                                                                                                                                                          (125)           
 Non-controlling interests                                                                                                                                                                                                                                                                     (48)            
 Ajusted net income                                                                                                                                                                                                                                                                            3,348           
 Adjusted fully-diluted earnings per share (€)                                                                                                                                                                                                                                                 1.48            
 (a) Except for per share amounts.                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                               
 3rd quarter 2012                                                                                        Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Total expenditures                                                                                      4,567                          441                                      383                                        25                              -                                  5,416           
 Total divestments                                                                                       401                            55                                       41                                         1,138                           -                                  1,635           
 Cash flow from operating activities                                                                     3,457                          1,036                                    692                                        (22)                            -                                  5,163           


 BUSINESS SEGMENT INFORMATION                                                                                                                                                                                                                                                                                  
 TOTAL                                                                                                                                                                                                                                                                                                         
 (unaudited)                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                                                                                                                                               
 4th quarter 2011                                                                                        Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Non-Group sales                                                                                         6,132                          19,405                                   21,958                                     (3)                             -                                  47,492          
 Intersegment sales                                                                                      7,450                          12,079                                   190                                        56                              (19,775)                           -               
 Excise taxes                                                                                            -                              (879)                                    (3,655)                                    -                               -                                  (4,534)         
 Revenues from sales                                                                                     13,582                         30,605                                   18,493                                     53                              (19,775)                           42,958          
 Operating expenses                                                                                      (6,011)                        (30,368)                                 (18,027)                                   (217)                           19,775                             (34,848)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,437)                        (830)                                    (140)                                      (9)                             -                                  (2,416)         
 Operating income                                                                                        6,134                          (593)                                    326                                        (173)                           -                                  5,694           
 Equity in net income (loss) of affiliates and other items                                               324                            39                                       (495)                                      42                              -                                  (90)            
 Tax on net operating income                                                                             (3,333)                        308                                      (97)                                       (26)                            -                                  (3,148)         
 Net operating income                                                                                    3,125                          (246)                                    (266)                                      (157)                           -                                  2,456           
 Net cost of net debt                                                                                                                                                                                                                                                                          (72)            
 Non-controlling interests                                                                                                                                                                                                                                                                     (94)            
 Net income                                                                                                                                                                                                                                                                                    2,290           
                                                                                                                                                                                                                                                                                                               
 4th quarter 2011 (adjustments) (a)                                                                      Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 
(M€)                                                                                                                                                                                                                                                                                                         
 Non-Group sales                                                                                         30                             -                                        -                                          -                               -                                  30              
 Intersegment sales                                                                                      -                              -                                        -                                          -                               -                                  -               
 Excise taxes                                                                                            -                              -                                        -                                          -                               -                                  -               
 Revenues from sales                                                                                     30                             -                                        -                                          -                               -                                  30              
 Operating expenses                                                                                      -                              67                                       42                                         -                               -                                  109             
 Depreciation, depletion and amortization of tangible assets and mineral interests                       -                              (534)                                    (1)                                        -                               -                                  (535)           
 Operating income (b)                                                                                    30                             (467)                                    41                                         -                               -                                  (396)           
 Equity in net income (loss) of affiliates and other items                                               (40)                           (68)                                     (469)                                      21                              -                                  (556)           
 Tax on net operating income                                                                             283                            254                                      -                                          (7)                             -                                  530             
 Net operating income (b)                                                                                273                            (281)                                    (428)                                      14                              -                                  (422)           
 Net cost of net debt                                                                                                                                                                                                                                                                          -               
 Non-controlling interests                                                                                                                                                                                                                                                                     (13)            
 Net income                                                                                                                                                                                                                                                                                    (435)           
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                                                                                                    
 
                                                                                                                                                                                                                                                                                                             
 
(b) Of which inventory valuation effect                                                                                                                                                                                                                                                                      
 On operating income                                                                                     -                              24                                       34                                         -                                                                                  
 On net operating income                                                                                 -                              40                                       22                                         -                                                                                  
                                                                                                                                                                                                                                                                                                               
 4th quarter 2011 (adjusted)                                                                             Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€) (a)                                                                                                                                                                                                                                                                                                      
 Non-Group sales                                                                                         6,102                          19,405                                   21,958                                     (3)                             -                                  47,462          
 Intersegment sales                                                                                      7,450                          12,079                                   190                                        56                              (19,775)                           -               
 Excise taxes                                                                                            -                              (879)                                    (3,655)                                    -                               -                                  (4,534)         
 Revenues from sales                                                                                     13,552                         30,605                                   18,493                                     53                              (19,775)                           42,928          
 Operating expenses                                                                                      (6,011)                        (30,435)                                 (18,069)                                   (217)                           19,775                             (34,957)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,437)                        (296)                                    (139)                                      (9)                             -                                  (1,881)         
 Adjusted operating income                                                                               6,104                          (126)                                    285                                        (173)                           -                                  6,090           
 Equity in net income (loss) of affiliates and other items                                               364                            107                                      (26)                                       21                              -                                  466             
 Tax on net operating income                                                                             (3,616)                        54                                       (97)                                       (19)                            -                                  (3,678)         
 Adjusted net operating income                                                                           2,852                          35                                       162                                        (171)                           -                                  2,878           
 Net cost of net debt                                                                                                                                                                                                                                                                          (72)            
 Non-controlling interests                                                                                                                                                                                                                                                                     (81)            
 Ajusted net income                                                                                                                                                                                                                                                                            2,725           
 Adjusted fully-diluted earnings per share (€)                                                                                                                                                                                                                                                 1.20            
 (a) Except for per share amounts.                                                                                                                                                                                                                                                                             
                                                                                                                                                                                                                                                                                                               
 4th quarter 2011                                                                                        Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total           
 (M€)                                                                                                                                                                                                                                                                                                          
 Total expenditures                                                                                      6,134                          624                                      545                                        64                              -                                  7,367           
 Total divestments                                                                                       399                            58                                       527                                        511                             -                                  1,495           
 Cash flow from operating activities                                                                     3,547                          (649)                                    134                                        (238)                           -                                  2,794           


 BUSINESS SEGMENT INFORMATION                                                                                                                                                                                                                                                                                   
 TOTAL                                                                                                                                                                                                                                                                                                          
 (unaudited)                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                
 Year 2012                                                                                               Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 (M€)                                                                                                                                                                                                                                                                                                           
 Non-Group sales                                                                                         22,143                         91,117                                   86,614                                     187                             -                                  200,061          
 Intersegment sales                                                                                      31,521                         44,470                                   755                                        199                             (76,945)                           -                
 Excise taxes                                                                                            -                              (3,593)                                  (14,169)                                   -                               -                                  (17,762)         
 Revenues from sales                                                                                     53,664                         131,994                                  73,200                                     386                             (76,945)                           182,299          
 Operating expenses                                                                                      (25,914)                       (129,441)                                (71,525)                                   (977)                           76,945                             (150,912)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (7,437)                        (1,445)                                  (607)                                      (36)                            -                                  (9,525)          
 Operating income                                                                                        20,313                         1,108                                    1,068                                      (627)                           -                                  21,862           
 Equity in net income (loss) of affiliates and other items                                               2,325                          213                                      (198)                                      276                             -                                  2,616            
 Tax on net operating income                                                                             (12,370)                       (283)                                    (383)                                      (124)                           -                                  (13,160)         
 Net operating income                                                                                    10,268                         1,038                                    487                                        (475)                           -                                  11,318           
 Net cost of net debt                                                                                                                                                                                                                                                                          (477)            
 Non-controlling interests                                                                                                                                                                                                                                                                     (147)            
 Net income                                                                                                                                                                                                                                                                                    10,694           
                                                                                                                                                                                                                                                                                                                
 Year 2012 (adjustments) (a)                                                                             Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 (M€)                                                                                                                                                                                                                                                                                                           
 Non-Group sales                                                                                         (9)                            -                                        -                                          -                               -                                  (9)              
 Intersegment sales                                                                                      -                              -                                        -                                          -                               -                                                   
 Excise taxes                                                                                            -                              -                                        -                                          -                               -                                                   
 Revenues from sales                                                                                     (9)                            -                                        -                                          -                               -                                  (9)              
 Operating expenses                                                                                      (586)                          (199)                                    (229)                                      (88)                            -                                  (1,102)          
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,200)                        (206)                                    (68)                                       -                               -                                  (1,474)          
 Operating income (b)                                                                                    (1,795)                        (405)                                    (297)                                      (88)                            -                                  (2,585)          
 Equity in net income (loss) of affiliates and other items                                               240                            (41)                                     (119)                                      146                             -                                  226              
 Tax on net operating income                                                                             637                            70                                       66                                         (108)                           -                                  665              
 Net operating income (b)                                                                                (918)                          (376)                                    (350)                                      (50)                            -                                  (1,694)          
 Net cost of net debt                                                                                                                                                                                                                                                                          -                
 Non-controlling interests                                                                                                                                                                                                                                                                     27               
 Net income                                                                                                                                                                                                                                                                                    (1,667)          
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                                                
 
(b) Of which inventory valuation effect                                                                                                                                                                                                                                                                       
 On operating income                                                                                     -                              (179)                                    (55)                                       -                                                                                   
 On net operating income                                                                                 -                              (116)                                    (39)                                       -                                                                                   
                                                                                                                                                                                                                                                                                                                
 Year 2012 (adjusted)                                                                                    Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 (M€) (a)                                                                                                                                                                                                                                                                                                       
 Non-Group sales                                                                                         22,152                         91,117                                   86,614                                     187                             -                                  200,070          
 Intersegment sales                                                                                      31,521                         44,470                                   755                                        199                             (76,945)                           -                
 Excise taxes                                                                                            -                              (3,593)                                  (14,169)                                   -                               -                                  (17,762)         
 Revenues from sales                                                                                     53,673                         131,994                                  73,200                                     386                             (76,945)                           182,308          
 Operating expenses                                                                                      (25,328)                       (129,242)                                (71,296)                                   (889)                           76,945                             (149,810)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (6,237)                        (1,239)                                  (539)                                      (36)                            -                                  (8,051)          
 Adjusted operating income                                                                               22,108                         1,513                                    1,365                                      (539)                           -                                  24,447           
 Equity in net income (loss) of affiliates and other items                                               2,085                          254                                      (79)                                       130                             -                                  2,390            
 Tax on net operating income                                                                             (13,007)                       (353)                                    (449)                                      (16)                            -                                  (13,825)         
 Adjusted net operating income                                                                           11,186                         1,414                                    837                                        (425)                           -                                  13,012           
 Net cost of net debt                                                                                                                                                                                                                                                                          (477)            
 Non-controlling interests                                                                                                                                                                                                                                                                     (174)            
 Ajusted net income                                                                                                                                                                                                                                                                            12,361           
 Adjusted fully-diluted earnings per share (€)                                                                                                                                                                                                                                                 5.45             
 (a) Except for per share amounts.                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                
 Year 2012                                                                                               Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 (M€)                                                                                                                                                                                                                                                                                                           
 Total expenditures                                                                                      19,618                         1,944                                    1,301                                      80                              -                                  22,943           
 Total divestments                                                                                       2,798                          304                                      152                                        2,617                           -                                  5,871            
 Cash flow from operating activities                                                                     18,950                         2,127                                    1,132                                      253                             -                                  22,462           


 BUSINESS SEGMENT INFORMATION                                                                                                                                                                                                                                                                                   
 TOTAL                                                                                                                                                                                                                                                                                                          
 (unaudited)                                                                                                                                                                                                                                                                                                    
                                                                                                                                                                                                                                                                                                                
 Year 2011                                                                                               Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 (M€)                                                                                                                                                                                                                                                                                                           
 Non-Group sales                                                                                         22,211                         77,146                                   85,325                                     11                              -                                  184,693          
 Intersegment sales                                                                                      27,301                         44,277                                   805                                        185                             (72,568)                           -                
 Excise taxes                                                                                            -                              (2,362)                                  (15,781)                                   -                               -                                  (18,143)         
 Revenues from sales                                                                                     49,512                         119,061                                  70,349                                     196                             (72,568)                           166,550          
 Operating expenses                                                                                      (21,894)                       (116,365)                                (68,396)                                   (667)                           72,568                             (134,754)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (5,039)                        (1,936)                                  (496)                                      (35)                            -                                  (7,506)          
 Operating income                                                                                        22,579                         760                                      1,457                                      (506)                           -                                  24,290           
 Equity in net income (loss) of affiliates and other items                                               2,198                          647                                      (377)                                      336                             -                                  2,804            
 Tax on net operating income                                                                             (13,566)                       (136)                                    (438)                                      (38)                            -                                  (14,178)         
 Net operating income                                                                                    11,211                         1,271                                    642                                        (208)                           -                                  12,916           
 Net cost of net debt                                                                                                                                                                                                                                                                          (335)            
 Non-controlling interests                                                                                                                                                                                                                                                                     (305)            
 Net income                                                                                                                                                                                                                                                                                    12,276           
                                                                                                                                                                                                                                                                                                                
 Year 2011 (adjustments) (a)                                                                             Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 (M€)                                                                                                                                                                                                                                                                                                           
 Non-Group sales                                                                                         45                             -                                        -                                          -                               -                                  45               
 Intersegment sales                                                                                      -                              -                                        -                                          -                               -                                  -                
 Excise taxes                                                                                            -                              -                                        -                                          -                               -                                  -                
 Revenues from sales                                                                                     45                             -                                        -                                          -                               -                                  45               
 Operating expenses                                                                                      -                              852                                      271                                        -                               -                                  1,123            
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (75)                           (705)                                    (1)                                        -                               -                                  (781)            
 Operating income (b)                                                                                    (30)                           147                                      270                                        -                               -                                  387              
 Equity in net income (loss) of affiliates and other items                                               682                            337                                      (363)                                      90                              -                                  746              
 Tax on net operating income                                                                             (43)                           (61)                                     (78)                                       (80)                            -                                  (262)            
 Net operating income (b)                                                                                609                            423                                      (171)                                      10                              -                                  871              
 Net cost of net debt                                                                                                                                                                                                                                                                          -                
 Non-controlling interests                                                                                                                                                                                                                                                                     (19)             
 Net income                                                                                                                                                                                                                                                                                    852              
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                                                                                                     
 
                                                                                                                                                                                                                                                                                                              
 
(b) Of which inventory valuation effect                                                                                                                                                                                                                                                                       
 On operating income                                                                                     -                              928                                      287                                        -                                                                                   
 On net operating income                                                                                 -                              669                                      200                                        -                                                                                   
                                                                                                                                                                                                                                                                                                                
 Year 2011 (adjusted)                                                                                    Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 
(M€)(a)                                                                                                                                                                                                                                                                                                       
 Non-Group sales                                                                                         22,166                         77,146                                   85,325                                     11                              -                                  184,648          
 Intersegment sales                                                                                      27,301                         44,277                                   805                                        185                             (72,568)                           -                
 Excise taxes                                                                                            -                              (2,362)                                  (15,781)                                   -                               -                                  (18,143)         
 Revenues from sales                                                                                     49,467                         119,061                                  70,349                                     196                             (72,568)                           166,505          
 Operating expenses                                                                                      (21,894)                       (117,217)                                (68,667)                                   (667)                           72,568                             (135,877)        
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (4,964)                        (1,231)                                  (495)                                      (35)                            -                                  (6,725)          
 Adjusted operating income                                                                               22,609                         613                                      1,187                                      (506)                           -                                  23,903           
 Equity in net income (loss) of affiliates and other items                                               1,516                          310                                      (14)                                       246                             -                                  2,058            
 Tax on net operating income                                                                             (13,523)                       (75)                                     (360)                                      42                              -                                  (13,916)         
 Adjusted net operating income                                                                           10,602                         848                                      813                                        (218)                           -                                  12,045           
 Net cost of net debt                                                                                                                                                                                                                                                                          (335)            
 Non-controlling interests                                                                                                                                                                                                                                                                     (286)            
 Ajusted net income                                                                                                                                                                                                                                                                            11,424           
 Adjusted fully-diluted earnings per share (€)                                                                                                                                                                                                                                                 5.06             
 (a) Except for per share amounts.                                                                                                                                                                                                                                                                              
                                                                                                                                                                                                                                                                                                                
 Year 2011                                                                                               Upstream                       Refining Chemicals                       Marketing & Services                       Corporate                       Intercompany                       Total            
 (M€)                                                                                                                                                                                                                                                                                                           
 Total expenditures                                                                                      20,662                         1,910                                    1,834                                      135                             -                                  24,541           
 Total divestments                                                                                       2,591                          2,509                                    1,955                                      1,523                           -                                  8,578            
 Cash flow from operating activities                                                                     17,044                         2,146                                    541                                        (195)                           -                                  19,536           


 Reconciliation of the information by business segment with consolidated financial statements                                                                                                                                 
 TOTAL                                                                                                                                                                                                                        
 (unaudited)                                                                                                                                                                                                                  
                                                                                                                                                                                                                              
 4th quarter 2012                                                                                        Adjusted                                  Adjustments (a)                        Consolidated statement of income    
 (M€)                                                                                                                                                                                                                         
 Sales                                                                                                   49,855                                    13                                     49,868                              
 Excise taxes                                                                                            (4,399)                                   -                                      (4,399)                             
 Revenues from sales                                                                                     45,456                                    13                                     45,469                              
 Purchases net of inventory variation                                                                    (31,392)                                  (462)                                  (31,854)                            
 Other operating expenses                                                                                (5,673)                                   (548)                                  (6,221)                             
 Exploration costs                                                                                       (504)                                     -                                      (504)                               
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (2,135)                                   (278)                                  (2,413)                             
 Other income                                                                                            234                                       240                                    474                                 
 Other expense                                                                                           (134)                                     (105)                                  (239)                               
 Financial interest on debt                                                                              (160)                                     -                                      (160)                               
 Financial income from marketable securities & cash equivalents                                          33                                        -                                      33                                  
 Cost of net debt                                                                                        (127)                                     -                                      (127)                               
 Other financial income                                                                                  123                                       -                                      123                                 
 Other financial expense                                                                                 (110)                                     -                                      (110)                               
 Equity in net income (loss) of affiliates                                                               452                                       (60)                                   392                                 
 Income taxes                                                                                            (3,052)                                   480                                    (2,572)                             
 Consolidated net income                                                                                 3,138                                     (720)                                  2,418                               
 Group share                                                                                             3,081                                     (700)                                  2,381                               
 Non-controlling interests                                                                               57                                        (20)                                   37                                  
                                                                                                                                                                                                                              
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                   
 4th quarter 2011                                                                                        Adjusted                                  Adjustments (a)                        Consolidated statement of income    
 (M€)                                                                                                                                                                                                                         
 Sales                                                                                                   47,462                                    30                                     47,492                              
 Excise taxes                                                                                            (4,534)                                   -                                      (4,534)                             
 Revenues from sales                                                                                     42,928                                    30                                     42,958                              
 Purchases net of inventory variation                                                                    (29,291)                                  58                                     (29,233)                            
 Other operating expenses                                                                                (5,327)                                   51                                     (5,276)                             
 Exploration costs                                                                                       (339)                                     -                                      (339)                               
 Depreciation, depletion and amortization of tangible assets and mineral interests                       (1,881)                                   (535)                                  (2,416)                             
 Other income                                                                                            252                                       29                                     281                                 
 Other expense                                                                                           (312)                                     (526)                                  (838)                               
 Financial interest on debt                                                                              (156)                                     -                                      (156)                               
 Financial income from marketable securities & cash equivalents                                          57                                        -                                      57                                  
 Cost of net debt                                                                                        (99)                                      -                                      (99)                                
 Other financial income                                                                                  91                                        -                                      91                                  
 Other financial expense                                                                                 (102)                                     -                                      (102)                               
 Equity in net income (loss) of affiliates                                                               537                                       (59)                                   478                                 
 Income taxes                                                                                            (3,651)                                   530                                    (3,121)                             
 Consolidated net income                                                                                 2,806                                     (422)                                  2,384                               
 Group share                                                                                             2,725                                     (435)                                  2,290                               
 Non-controlling interests                                                                               81                                        13                                     94                                  
                                                                                                                                                                                                                              
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                   


 Reconciliation of the information by business segment with consolidated financial statements                                                                                                                                
 TOTAL                                                                                                                                                                                                                       
                                                                                                                                                                                                                             
                                                                                                                                                                                                                             
 Year 2012                                                                                                                    Adjusted                    Adjustments (a)                Consolidated statement of income    
 (M€)                                                                                                                                                                                                                        
 Sales                                                                                                                        200,070                     (9)                            200,061                             
 Excise taxes                                                                                                                 (17,762)                    -                              (17,762)                            
 Revenues from sales                                                                                                          182,308                     (9)                            182,299                             
 Purchases net of inventory variation                                                                                         (126,564)                   (234)                          (126,798)                           
 Other operating expenses                                                                                                     (21,800)                    (868)                          (22,668)                            
 Exploration costs                                                                                                            (1,446)                     -                              (1,446)                             
 Depreciation, depletion and amortization of tangible assets and mineral interests                                            (8,051)                     (1,474)                        (9,525)                             
 Other income                                                                                                                 681                         781                            1,462                               
 Other expense                                                                                                                (448)                       (467)                          (915)                               
 Financial interest on debt                                                                                                   (671)                       -                              (671)                               
 Financial income from marketable securities & cash equivalents                                                               100                         -                              100                                 
 Cost of net debt                                                                                                             (571)                       -                              (571)                               
 Other financial income                                                                                                       558                         -                              558                                 
 Other financial expense                                                                                                      (499)                       -                              (499)                               
 Equity in net income (loss) of affiliates                                                                                    2,098                       (88)                           2,010                               
 Income taxes                                                                                                                 (13,731)                    665                            (13,066)                            
 Consolidated net income                                                                                                      12,535                      (1,694)                        10,841                              
 Group share                                                                                                                  12,361                      (1,667)                        10,694                              
 Non-controlling interests                                                                                                    174                         (27)                           147                                 
                                                                                                                                                                                                                             
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                  
 Year 2011                                                                                                                    Adjusted                    Adjustments (a)                Consolidated statement of income    
 (M€)                                                                                                                                                                                                                        
 Sales                                                                                                                        184,648                     45                             184,693                             
 Excise taxes                                                                                                                 (18,143)                    -                              (18,143)                            
 Revenues from sales                                                                                                          166,505                     45                             166,550                             
 Purchases net of inventory variation                                                                                         (115,107)                   1,215                          (113,892)                           
 Other operating expenses                                                                                                     (19,751)                    (92)                           (19,843)                            
 Exploration costs                                                                                                            (1,019)                     -                              (1,019)                             
 Depreciation, depletion and amortization of tangible assets and mineral interests                                            (6,725)                     (781)                          (7,506)                             
 Other income                                                                                                                 430                         1,516                          1,946                               
 Other expense                                                                                                                (536)                       (711)                          (1,247)                             
 Financial interest on debt                                                                                                   (713)                       -                              (713)                               
 Financial income from marketable securities & cash equivalents                                                               273                         -                              273                                 
 Cost of net debt                                                                                                             (440)                       -                              (440)                               
 Other financial income                                                                                                       609                         -                              609                                 
 Other financial expense                                                                                                      (429)                       -                              (429)                               
 Equity in net income (loss) of affiliates                                                                                    1,984                       (59)                           1,925                               
 Income taxes                                                                                                                 (13,811)                    (262)                          (14,073)                            
 Consolidated net income                                                                                                      11,710                      871                            12,581                              
 Group share                                                                                                                  11,424                      852                            12,276                              
 Non-controlling interests                                                                                                    286                         19                             305                                 
                                                                                                                                                                                                                             
 (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.                                                                                                                  


TOTAL
Martin DEFFONTAINES
Matthieu GOT
Karine KACZKA
Magali PAILHE
Tel. : (33) 1 47 44 58 53
Fax : (33) 1 47 44 58 24
or
Robert HAMMOND (U.S.)
Robert PERKINS (U.S.)
Tel. : (1) 713-483-5070
Fax : (1) 713-483-5629
www.total.com



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