REG-TOTAL 3rd Quarter Results

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PARIS--(Business Wire)--

Total:Third Quarter 2009 Results

Main results1-2

-- Third quarter adjusted net income3 1.9 billion euros -54%
2.7 billion dollars -56%
0.84 euros per share -54%
1.20 dollars per share -56%
-- First nine months adjusted net income 5.7 billion euros -48%
7.8 billion dollars -54%
-- First nine months net income (Group share) 6.4 billion euros -44%

Highlights since the beginning of the third quarter 2009

* Upstream production of 2,243 kboe/d in the third quarter 2009
* Started up production at Tyrihans in Norway, Tombua Landana in Angola,
Qatargas II Train B and Yemen LNG

* Algerian authorities approved development plan for Timimoun gas field
* Declaration of commerciality filed for the Itau gas field in Bolivia
* Signed gas sales contract allowing the development of the Greater Bongkot
South field in Thailand
* Announced Gardenia-1, first oil discovery on Block 17/06 in Angola
* Acquisition of a 43.75% interest in the UK Shetlands P967 block that includes
the Tobermory gas discovery
* Signed an agreement with KazMunaiGas to take a 17% interest in the development
of the Khvalynskoye gas field in the Caspian Sea
* Creation of joint research partnerships with IMEC and the French National
Center for Scientific Research together with l`Ecole Polytechnique to focus on
solar photovoltaic technology

The Board of Directors of Total (Paris:FP) (LSE:TTA) (NYSE:TOT), led by Chairman
Thierry Desmarest, met on November 3, 2009 to review the Group`s third quarter
2009 results.

Adjusted net income was 1,869 million euros (M€), a decrease of 54% compared to
the third quarter 2008 and an increase of 9% compared to second quarter 2009.

Commenting on the results, CEO Christophe de Margerie said :

« In the third quarter, the average Brent price increased to 68 $/b. However,
spot gas prices and refining margins reached very low levels, reflecting the
sharp decline in demand and the resulting oversupply. The Chemicals segment
benefited from a small improvement in margins.

In this mixed environment, Total`s adjusted net income was 2.7 billion dollars,
an increase of 14% compared to the second quarter 2009. Compared to the third
quarter 2008, when oil prices hit record highs, the Group`s results are down
56%, but, once again, they show resilience that is among the best of the peer
group. In the third quarter 2009, the Group generated net cash flow of 3 billion
dollars and reduced its gearing to 21%.

In the Upstream, Total`s production is back on track with growth of 3% from the
second quarter to 2,243 kboe/d, thanks in particular to the ramp up of Akpo in
Nigeria and Tahiti in the Gulf of Mexico as well as the start-up of Tyrihans in
Norway, Tombua Landana in Angola and Qatargas 2 Train B. The mid-October
start-up of Yemen LNG completes the Group`s objective to start up its 2009 major
projects.

Total is also pursuing the development of new fields and took decisive steps
during the quarter on projects in Bolivia, Algeria and Thailand. The recent
agreement with KazMunaïGas in the Caspian Sea, like the one signed with Novatek
in Russia in the previous quarter, also illustrates the Group`s ability to
create partnerships and to participate in the development of new resources by
leveraging its technical expertise and its capacity for investment. At the same
time, the Upstream segment is continuing to actively implement cost reduction
programs targeting its fixed costs and the projected cost of its investments.

In the Downstream segment, refining is faced with a very difficult environment.
We are working to reduce costs and restore the profitability of this activity.
In the Chemicals segment, the benefits of our restructuring efforts can be seen
in the sequential improvement in the results despite an environment that remains
difficult.

Total is determined to pursue its strategy of profitable and responsible growth,
while reaffirming the priority of safety and the environment. Combining the key
elements of reliability and safety in our operations and production growth with
cost reduction will allow us to successfully implement our strategy.

* Key figures 4

3Q09 2Q09 3Q08 3Q09 in millions of euros 9M09 9M08 9M09
vs except earnings per share and number of shares vs
3Q08 9M08
33,628 31,430 48,849 -31% Sales 95,099 141,262 -33%
3,510 3,044 8,083 -57% Adjusted operating income from business segments 10,169 22,988 -56%
1,808 1,678 4,063 -56% Adjusted net operating income from business segments 5,536 11,019 -50%
1,501 1,451 2,899 -48% = Upstream 4,434 8,729 -49%
146 156 901 -84% = Downstream 902 1,799 -50%
161 71 263 -39% = Chemicals 200 491 -59%
1,869 1,721 4,070 -54% Adjusted net income 5,703 11,047 -48%
0.84 0.77 1.81 -54% Adjusted fully-diluted earnings per share (euros) 2.55 4.91 -48%
2,236.8 2,235.6 2,244.3 - Fully-diluted weighted-average shares (millions) 2,235.9 2,250.4 -1%
1,923 2,169 3,050 -37% Net income (Group share) 6,382 11,384 -44%
3,256 3,634 3,371 -3% Investments5 9,825 8,882 +11%
3,169 3,575 3,195 -1% Investments including net investments in equity affiliates and non-consolidated companies5 9,584 7,879 +22%
807 858 718 +12% Divestments 2,137 1,642 +30%
4,538 1,939 7,338 -38% Cash flow from operations 10,471 14,576 -28%
3,454 3,237 5,642 -39% Adjusted cash flow from operations 10,063 14,771 -32%
3Q09 2Q09 3Q08 3Q09 in millions of dollars6 9M09 9M08 9M09
vs except earnings per share and number of shares vs
3Q08 9M08
48,098 42,845 73,518 -35% Sales 129,953 214,958 -40%
5,020 4,150 12,165 -59% Adjusted operating income from business segments 13,896 34,981 -60%
2,586 2,287 6,115 -58% Adjusted net operating income from business segments 7,565 16,768 -55%
2,147 1,978 4,363 -51% = Upstream 6,059 13,283 -54%
209 213 1,356 -85% = Downstream 1,233 2,738 -55%
230 97 396 -42% = Chemicals 273 747 -63%
2,673 2,346 6,125 -56% Adjusted net income 7,793 16,810 -54%
1.20 1.05 2.73 -56% Adjusted fully-diluted earnings per share (dollars) 3.49 7.47 -53%
2,236.8 2,235.6 2,244.3 - Fully-diluted weighted-average shares (millions) 2,235.9 2,250.4 -1%
2,750 2,957 4,590 -40% Net income (Group share) 8,721 17,323 -50%
4,657 4,954 5,073 -8% Investments5 13,426 13,516 -1%
4,533 4,873 4,808 -6% Investments including net investments in equity affiliates and non-consolidated companies5 13,097 11,989 +9%
1,154 1,170 1,081 +7% Divestments 2,920 2,499 +17%
6,491 2,643 11,044 -41% Cash flow from operations 14,309 22,180 -35%
4,940 4,413 8,491 -42% Adjusted cash flow from operations 13,751 22,477 -39%

* Third quarter 2009 results

>Operating income

In the third quarter 2009, the Brent price averaged 68.1 $/b, a decrease of 41%
compared to the third quarter 2008 and an increase of 15% compared to the second
quarter 2009. The TRCV European refining margin indicator fell to 6.6 $/t on
average in the third quarter 2009, a decrease of 85% compared to the third
quarter 2008 and 47% compared to the second quarter 2009.

The euro-dollar exchange rate averaged 1.43 $/€ in the third quarter 2009
compared to 1.51 $/€ in the third quarter 2008 and 1.36 $/€ in the second
quarter 2009.

In this environment, the adjusted operating income from the business segments
was 3,510 M€, a decrease of 57% compared to the third quarter 20087. Expressed
in dollars, the decrease was 59%.

The effective tax rate8 for the business segments was 57% in the third quarter
2009 compared to 56% in the third quarter 2008.

Adjusted net operating income from the business segments was 1,808 M€ compared
to 4,063 M€ in the third quarter 2008, a decrease of 56%.

Expressed in dollars, adjusted net operating income from the business segments
was 2.6 billion dollars (B$), a decrease of 58% compared to the third quarter
2008.

>Net income

Adjusted net income was 1,869 M€ compared to 4,070 M€ in the third quarter 2008,
a decrease of 54%. Expressed in dollars, adjusted net income decreased by 56%.
It excludes the after-tax inventory effect, special items, and the Group`s
equity share of adjustments and selected items related to Sanofi-Aventis.

* The after-tax inventory effect had a positive impact on net income of 122 M€
in the third quarter 2009 and a negative effect of 752 M€ in the third quarter
2008.
* The Group`s share of adjustments and selected items related to Sanofi-Aventis
had a negative impact on net income of 70 M€ in the third quarter 2009. The
adjustments related to Sanofi-Aventis had a negative impact of 78 M€ in the
third quarter 2008.
* Other special items had a positive impact on net income of 2 M€ in the third
quarter 2009. In the third quarter 2008, other special items had a negative
impact on net income of 190 M€9.

Reported net income (Group share) was 1,923 M€ compared to 3,050 M€ in the third
quarter 2008.

The effective tax rate for the Group was 56.5% in the third quarter 2009.

The Group did not buy back shares in the third quarter 2009.

Adjusted fully-diluted earnings per share, based on 2,236.8 million
fully-diluted weighted-average shares, was 0.84 euros compared to 1.81 euros in
the third quarter 2008, a decrease of 54%.

Expressed in dollars, adjusted fully-diluted earnings per share fell by 56% to
$1.20.

>Investments - divestments10

Investments excluding acquisitions and including net investments in equity
affiliates and non-consolidated companies were 3.1 B€ (4.4 B$) in the third
quarter 2009 compared to 2.8 B€ (4.2 B$) in the third quarter 2008.

Acquisitions were 58 M€ in the third quarter 2009.

Asset sales in the third quarter 2009 were 702 M€, consisting essentially of
Sanofi-Aventis shares.

Net investments11 were 2.4 B€ (3.5 B$) in the third quarter 2009 compared to 2.7
B€ (4.0 B$) in the third quarter 2008.

>Cash flow

Cash flow from operating activities was 4,538 M€ in the third quarter 2009
compared to 7,338 M€ in the third quarter 2008. The 38% decrease was mainly due
to the decrease in net income and a decrease in working capital requirements in
the third quarter 2009 that was smaller than the decrease in working capital
requirements in the third quarter 2008.

Adjusted cash flow12 was 3,454 M€, a decrease of 39% compared to third quarter
2008. Expressed in dollars, adjusted cash flow was 4.9 B$, a decrease of 42%.

Net cash flow 13 for the Group was 2,089 M€ compared to 4,685 M€ in the third
quarter 2008. Expressed in dollars, net cash flow for the Group was 3.0 B$ in
the third quarter 2009.

* Results for the first nine months 2009

>Operating income

Compared to the first nine months of 2008, the oil environment in the first nine
months of 2009 was marked by a 48% decrease in the average price of Brent to
57.3 $/b. The TRCV European refining margin indicator fell by 51% to 17.9 $/t.
The euro-dollar exchange rate was 1.37 $/€ in the first nine months of 2009
compared to 1.52 $/€ in the first nine months of 2008.

In this context, the adjusted operating income from the business segments was
10,169 M€, a decrease of 56% compared to the first nine months of 200814.
Expressed in dollars, adjusted operating income from the business segments was
13.9 B$, a decrease of 60% compared to the first nine months of 2008.

The effective tax rate15 for the business segments was 55% in the first nine
months of 2009 compared to 58% in the first nine months of 2008, reflecting
mainly the lower tax rate in the Upstream.

Adjusted net operating income from the business segments was 5,536 M€ compared
to 11,019 M€ in the first nine months of 2008, a decrease of 50%. The smaller
decrease, relative to the one in adjusted operating income, is essentially due
to the lower effective tax rate between the two periods and a more limited
decrease in the contribution from equity affiliates.

Expressed in dollars, adjusted net operating income from the business segments
fell by 55%.

>Net income

Adjusted net income decreased by 48% to 5,703 M€ in the first nine months of
2009 from 11,047 M€ in the first nine months of 2008. It excludes the after-tax
inventory effect, special items, and the Group`s equity share of adjustments and
selected items related to Sanofi-Aventis.

* The after-tax inventory effect had a positive impact on net income of 1,237 M€
in the first nine months of 2009 compared to a positive impact of 676 M€ in the
first nine months of 2008.
* The Group`s share of adjustments and selected items related to Sanofi-Aventis
had a negative impact on net income of 252 M€ in the first nine months of 2009.
The adjustments related to Sanofi-Aventis had a negative impact on net income of
227 M€ in the first nine months of 2008.
* Other special items had a negative impact on net income of 306 M€ in the first
nine months of 2009 compared to a negative impact of 112 M€ in the first nine
months of 200816.

Reported net income (Group share) was 6,382 M€ compared to 11,384 M€ in the
first nine months of 2008.

The effective tax rate for the Group was 55% in the first nine months of 2009.

The Group did not buy back shares in the first nine months of 2009. On September
30, 2009, there were 2,239.7 million fully-diluted shares compared to 2,238.3
million fully-diluted shares on September 30, 2008.

Adjusted fully-diluted earnings per share, based on 2,235.9 million
weighted-average shares was 2.55 euros compared to 4.91 euros in the first nine
months of 2008, a decrease of 48%.

Expressed in dollars, the adjusted fully-diluted earnings per share was 3.49
compared to 7.47 in the first nine months of 2008, a decrease of 53%.

>Investments - divestments17

Investments excluding acquisitions and including net investments in equity
affiliates and non-consolidated companies were 9.0 B€ (12.2 B$) in the first
nine months of 2009 compared to 7.4 B€ (11.2 B$) in the first nine months of
2008.

Acquisitions were 631 M€ in the first nine months of 2009.

Asset sales in the first nine months of 2009 were 1,842 M€, consisting
essentially of Sanofi-Aventis shares.

Net investments18 were 7.7 B€ in the first nine months of 2009, slightly higher
than the 7.2 B€ in the first nine months of 2008. Expressed in dollars, net
investments in the first nine months of 2009 were 10.5 B$, a decrease of 5%
compared to the 11 B$ of net investments in the first nine months of 2008.

>Cash flow

Cash flow from operating activities was 10,471 M€, a decrease of 28% compared to
the first nine months of 2008, essentially due to the decrease in net income.

Adjusted cash flow19 was 10,063 M€, a decrease of 32%. Expressed in dollars,
adjusted cash flow was 13.8 B$, a decrease of 39%.

Net cash flow20 for the Group was 2,783 M€ compared to 7,336 M€ in the first
nine months of 2008. Expressed in dollars, net cash flow for the Group was 3.8
B$ in the first nine months of 2009.

The net-debt-to-equity ratio was 20.8% on September 30, 2009 compared to 24.7%
on June 30, 2009 and 15.4% on September 30, 200821.

* Analysis of business segment results

Upstream

>Environment - liquids and gas price realizations*

3Q09 2Q09 3Q08 3Q09 9M09 9M08 9M09
vs vs
3Q08 9M08
68.1 59.1 115.1 -41% Brent ($/b) 57.3 111.1 -48%
65.1 54.8 107.8 -40% Average liquids price ($/b) 53.7 104.4 -49%
4.89 4.71 8.05 -39% Average gas price ($/Mbtu) 5.20 7.31 -29%
50.7 44.2 83.9 -40% Average hydrocarbons price ($/boe) 44.5 80.4 -45%

* consolidated subsidiaries, excluding fixed margin and buy-back contracts.

Total`s average realized liquids price decreased by 40% and 49%, respectively,
in the third quarter and the first nine months of 2009 compared to the same
periods in 2008, in line with the changes in the price of Brent.

The average realized price for Total`s natural gas decreased by 39% in the third
quarter 2009 compared to the third quarter 2008 and by 29% in the first nine
months of 2009 compared to the first nine months of 2008.

>Production

3Q09 2Q09 3Q08 3Q09 Hydrocarbon production 9M09 9M08 9M09
vs vs
3Q08 9M08
2,243 2,182 2,231 +1% Combined production (kboe/d) 2,249 2,336 -4%
1,379 1,328 1,409 -2% = Liquids (kb/d) 1,373 1,463 -6%
4,726 4,686 4,471 +6% = Gas (Mcf/d) 4,789 4,743 +1%

Hydrocarbon production was 2,243 thousand barrels of oil equivalent per day
(kboe/d) in the third quarter 2009, an increase of 0.5% compared to the third
quarter 2008 and 2.8% compared to the second quarter 2009. Compared to the third
quarter 2008, production increased mainly as a result of :

* +5% for ramp-ups and start-ups of new fields net of the normal decline,
* +1% for the price effect22,
* -2.5% for OPEC reductions and lower gas demand linked to the economic
recession,
* -1% for disruptions in Nigeria related to security issues,
* -2% for changes in the portfolio, mainly in Venezuela and Libya.

In the first nine months of 2009, hydrocarbon production was 2,249 kboe/d, a
decrease of 3.7% compared to the first nine months of 2008, mainly as a result
of :

* +1.5% for ramp-ups and start-ups of new fields net of the normal decline,
* +2% for the price effect22,

* -3% for OPEC reductions and lower gas demand,
* -1.5% for disruptions in Nigeria related to security issues
* -2.5% for changes in the portfolio, essentially in Venezuela and Libya.

>Results

3Q09 2Q09 3Q08 3Q09 in millions of euros 9M09 9M08 9M09
vs vs
3Q08 9M08
3,236 2,843 6,525 -50% Adjusted operating income* 8,971 19,912 -55%
1,501 1,451 2,899 -48% Adjusted net operating income* 4,434 8,729 -49%
190 176 368 -48% * includes income from equity affiliates 593 967 -39%
2,512 2,664 2,480 +1% Investments 7,426 6,734 +10%
87 105 188 -54% Divestments 321 860 -63%
2,854 1,943 3,732 -24% Cash flow from operating activities 7,375 11,626 -37%
2,939 2,550 3,715 -21% Adjusted cash flow 8,168 11,464 -29%

-29%

* * detail of adjustment items shown in business segment information.

Adjusted net operating income for the Upstream segment was 1,501 M€ in the third
quarter 2009 compared to 2,899 M€ in the third quarter 2008, a decrease of 48%.

Expressed in dollars, adjusted net operating income for the Upstream segment
decreased by 51%, reflecting essentially the impact of lower hydrocarbon prices
compared to the third quarter 2008.

Compared to the third quarter 2008, the decrease in income from equity
affiliates was driven principally by lower results from Nigeria LNG.

The effective tax rate for the Upstream segment was 59% compared to 58% in the
second quarter 2009 and 62% in the third quarter 2008.Over the first nine months
of 2009, adjusted net operating income for the Upstream segment was 4,434 M€
compared to 8,729 M€ in the first nine months of 2008, a decrease of 49%.

Expressed in dollars, adjusted net operating income for the Upstream segment was
6.1 B$, a 54% decrease compared to the first nine months of 2008, essentially
due to lower hydrocarbon prices.

The return on average capital employed (ROACE 23) for the Upstream segment for
the twelve months ended September 30, 2009 was 20% compared to 25% for the
twelve months ended June 30, 2009 and 36% for the full year 2008.

Downstream

>Refinery throughput and utilization rates*

3Q09 2Q09 3Q08 3Q09 9M09 9M08 9M09
vs vs
3Q08 9M08
2,142 2,175 2,393 -10% Total refinery throughput (kb/d) 2,184 2,360 -7%
828 925 1,013 -18% = France 882 959 -8%
1,045 1,024 1,168 -11% = Rest of Europe 1,052 1,130 -7%
269 226 212 +27% = Rest of world 250 271 -8%
Utilization rates
78% 79% 89% = Based on crude only 79% 87%
82% 84% 92% = Based on crude and other feedstock 84% 91%

* includes share of CEPSA.

In the third quarter 2009, refinery throughput decreased by 10% compared to the
third quarter 2008 and by 2% compared to the second quarter 2009.

The third quarter 2009 was affected by scheduled refinery turnarounds at
Vlissingen and Normandy. Also, during the quarter, several refineries elected to
reduce throughput to adjust to economic conditions.

Scheduled turnarounds and voluntary throughput reductions in the third quarter
2009 reduced the utilization rate based on crude and other feedstock to 82% from
92% in the third quarter 2008.

>Results

3Q09 2Q09 3Q08 3Q09 in millions of euros 9M09 9M08 9M09
vs except TRCV refining margins vs
3Q08 9M08
6.6 12.4 45.0 -85% European refining margin 17.9 36.6 -51%
indicator - TRCV ($/t)
83 141 1,215 -93% Adjusted operating income* 1,015 2,457 -59%
146 156 901 -84% Adjusted net operating income* 902 1,799 -50%
75 28 39 +92% * includes income from equity affiliates 136 56 x2.4
607 825 638 -5% Investments 1,927 1,446 +33%
23 26 46 -50% Divestments 85 198 -57%
944 (28) 2,731 -65% Cash flow from operating activities 2,564 2,508 +2%
229 239 1,466 -84% Adjusted cash flow 1,402 2,609 -46%

-46%

* detail of adjustment items shown in business segment information.

The TRCV European refining margin indicator averaged 6.6 $/t in the third
quarter 2009, a decrease of 85% compared to the third quarter 2008. For the
first nine months of 2009, the TRCV European refining margin indicator averaged
17.9 $/t, a decrease of 51% compared to the same period last year.

Adjusted net operating income for the Downstream segment was 146 M€ in the third
quarter 2009, a decrease of 84% compared to the third quarter 2008, reflecting
essentially the sharp decrease in refining margins.

Expressed in dollars, adjusted net operating income for the Downstream segment
was 209 M$, a decrease of 85% compared to the third quarter 2008.

Adjusted net operating income for the Downstream segment in the first nine
months of 2009 was 902 M€, a decrease of 50% compared to the first nine months
of 2008.

Expressed in dollars, adjusted net operating income for the Downstream segment
was 1.2 B$ in the first nine months of 2009, a decrease of 55% compared to the
first nine months of 2008, reflecting essentially the unfavorable refining
environment.

The ROACE24 for the Downstream segment for the twelve months ended September 30,
2009 was 13% compared to 18% for the twelve months ended June 30, 2009 and 20%
for the full year 2008.

Chemicals

3Q09 2Q09 3Q08 3Q09 in millions of euros 9M09 9M08 9M09
vs vs
3Q08 9M08
3,892 3,684 5,431 -28% Sales 10,794 16,138 -33%
2,326 2,164 3,675 -37% = Base chemicals 6,266 10,727 -42%
1,566 1,520 1,756 -11% = Specialties 4,528 5,411 -16%
191 60 343 -44% Adjusted operating income* 183 619 -70%
161 71 263 -39% Adjusted net operating income* 200 491 -59%
53 19 176 -70% * Base chemicals 32 214 -85%
111 58 89 +25% * Specialties 185 284 -35%
112 115 212 -47% Investments 406 597 -32%
13 8 14 -7% Divestments 27 33 -18%
300 280 14 x21 Cash flow from operating activities 758 (19) na
244 114 352 -31% Adjusted cash flow 224 770 -71%

-71%

* detail of adjustment items shown in business segment information.

In the third quarter 2009, the environment for the Chemicals segment continued
to be affected by weak demand in Europe and North America, but margins for the
Petrochemicals increased from the levels of the previous quarter.

In the third quarter 2009, sales for the Chemicals segment were 3.9 B€.

Adjusted net operating income for the Chemicals segment was 161 M€ in the third
quarter 2009, a decrease of 39% compared to the third quarter 2008 but more than
double the level of the second quarter 2009. The sequential improvement reflects
improved margins and lower costs in both the Petrochemicals and the Specialties.

In the first nine months of 2009, adjusted net operating income for the
Chemicals segment was 200 M€ compared to 491 M€ for the same period in 2008, a
decrease of 59% that resulted from significantly weaker demand in Europe and
North America.

The ROACE25 for the Chemicals segment for the twelve months ended September 30,
2009 was 5% compared to 7% for the twelve months ended June 30, 2009 and 9% for
the full year 2008.

* Summary and outlook

The ROACE for the twelve months ended September 30, 2009 was 15% for the Group
and 16% for the business segments. The ROACE at the Group level was 19% for the
twelve months ended June 30, 2009 and 26% for the full year 2008.Return on
equity for the twelve months ended September 30, 2009 was 17.5%.

Investments26 in the business segments, excluding acquisitions, were 12.2 B$
through September 2009, in line with the 2009 budget of 18 B$ for the full year.
The net-debt-to-equity-ratio was 20.8% at September 30, 2009 compared to 24.7%
at the end of the previous quarter.

Following the July 30, 2009 approval by the Board of Directors, Total will pay
the 2009 interim dividend of 1.14 € per share on November 18, 200927.

Since the start of the fourth quarter 2009, the dollar has continued to fall
against the euro, while oil prices have continued to rise, lifted by
expectations for an economic recovery, the onset of the winter heating season in
the northern hemisphere and the perception of a tight supply-demand balance in
the medium term.

Despite modest improvement in diesel margins, European refining margins remain
at very weak levels, requiring the Group to maintain voluntary throughput
reductions.

In the Upstream, with the start-up of Yemen LNG in mid-October, the Group`s
production in the coming months should reflect the ongoing ramp-up from the
major projects started up in 2009 and maintenance levels normally below that of
the third quarter.

To provide for production growth over the medium term, Total is continuing to
prepare its next wave of projects, including Surmont Phase 2 in Canada, CLOV in
Angola and Laggan-Tormore in the UK, for which it expects to make final
investment decisions in the coming quarters.

To listen to CFO Patrick de la Chevardière`s conference call with financial
analysts today at 15:00 (Paris time) please log on to www.total.comor call +44
(0)203 367 9453 in Europe or +1 866 907 5928 in the U.S. (access code : Total).
For a replay through November 12, please consult the website or call +44 (0)207
107 0686 in Europe or 1 877 642 3018in the US (code : 264 973).

The September 30, 2009 notes to the condensed consolidated accounts are
available on the Total web site (www.total.com). This document may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 with respect to the financial condition, results
of operations, business, strategy and plans of Total. Such statements are based
on a number of assumptions that could ultimately prove inaccurate, and are
subject to a number of risk factors, 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. Total
does not assume any obligation to update publicly any forward-looking statement,
whether as a result of new information, future events or otherwise. Further
information on factors which could affect the company`s financial results is
provided in documents filed by the Group and its affiliates with the French
Autorité des Marchés Financiers and the US Securities and Exchange Commission.

Business segment information is presented in accordance with the Group internal
reporting system used by the Chief operating decision maker to measure
performance and allocate resources internally. Due to their particular nature or
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, certain transactions such as restructuring costs or assets disposals,
which are not considered to be representative of normal course of business, may
be qualified as special items although they may have occurred within prior years
or are likely to recur within following years.

The adjusted results of the Downstream and Chemical segments are also presented
according to the replacement cost method. This method is used to assess the
segments` performance and ensure the comparability of the segments` results with
those of its competitors, mainly North American.

In the replacement cost method, which approximates the LIFO (Last-In, First-Out)
method, the variation of inventory values in the income statement is determined
by the average price of the period rather than the historical value. The
inventory valuation effect is the difference between the results according to
FIFO (First-In, First-Out) and replacement cost.

In this framework, performance measures such as adjusted operating income,
adjusted net operating income and adjusted net income are defined as incomes
using replacement cost, adjusted for special items and excluding Total`s equity
share of the adjustments and, from 2009, selected items related to
Sanofi-Aventis. They are meant to facilitate the analysis of the financial
performance and the comparison of income between periods.

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.

Operating information by segmentThird quarter and first nine months 2009

* Upstream

3Q09 2Q09 3Q08 3Q09 vs 3Q08 Combined liquids and gas production by region (kboe/d) 9M09 9M08 9M09 vs 9M08
569 574 553 +3% Europe 609 593 +3%
762 713 747* +2% Africa 739 795* -7%
31 13 13 x2.4 North America 18 14 +29%
259 248 247 +5% Far East 254 248 +2%
419 420 430 -3% Middle East 419 433 -3%
183 193 218* -16% South America 187 227* -18%
20 21 23 -13% Rest of world 23 26 -12%
2,243 2,182 2,231 +1% Total production 2,249 2,336 -4%
351 342 398 -12% Includes equity and non-consolidated affiliates 348 404 -14%

* restated to reclassify Total`s 48.83% share of CEPSA`s production in
Colombia.

3Q09 2Q09 3Q08 3Q09 vs 3Q08 Liquids production by region (kb/d) 9M09 9M08 9M09 vs 9M08
279 275 288 -3% Europe 291 295 -1%
647 600 627* +3% Africa 627 666* -6%
27 11 10 x2.7 North America 16 11 +45%
33 33 28 +18% Far East 34 28 +21%
300 310 330 -9% Middle East 308 332 -7%
79 87 115* -31% South America 84 119* -29%
14 12 11 +27% Rest of world 13 12 +8%
1,379 1,328 1,409 -2% Total production 1,373 1,463 -6%
286 289 344 -17% Includes equity and non-consolidated affiliates 289 350 -17%

* restated to reclassify Total`s 48.83% share of CEPSA`s production in
Colombia.

3Q09 2Q09 3Q08 3Q09 vs 3Q08 Gas production by region (Mcf/d) 9M09 9M08 9M09 vs 9M08
1,580 1,639 1,442 +10% Europe 1,733 1,618 +7%
583 580 621 -6% Africa 572 659 -13%
19 9 12 +58% North America 12 18 -33%
1,276 1,215 1,210 +5% Far East 1,238 1,222 +1%
657 609 552 +19% Middle East 614 560 +10%
575 585 569 +1% South America 570 589 -3%
36 49 65 -45% Rest of world 50 77 -35%
4,726 4,686 4,471 +6% Total production 4,789 4,743 +1%
355 285 290 +22% Includes equity and non-consolidated affiliates 314 293 +7%

3Q09 2Q09 3Q08 3Q09 vs 3Q08 Liquefied natural gas 9M09 9M08 9M09 vs 9M08
2.12 2.12 2.32 -9% LNG sales* (Mt) 6.34 6.90 -8%

* sales, Group share, excluding trading ; 1 Mt/y = approx. 133 Mcf/d ; data from
2008 previous period have been restated to reflect volumes estimation for
Bontang LNG in Indonesia based on the 2008 SEC coefficient.

* Downstream

3Q09 2Q09 3Q08 3Q09 vs 3Q08 Refined products sales by region (kb/d)* 9M09 9M08 9M09 vs 9M08
2,014 1,979 2,161 -7% Europe 2,055 2,102 -2%
278 272 279 - Africa 276 279 -1%
164 161 136 +21% Americas 171 170 +1%
134 148 147 -9% Rest of world 137 145 -6%
2,590 2,560 2,723 -5% Total consolidated sales 2,639 2,696 -2%
887 1,092 992 -11% Trading 993 964 +3%

3,477 3,652 3,715 -6% Total refined product sales 3,632 3,660 -1%

* includes share of CEPSA

Adjustment items

* Adjustments to operating income from business segments

3Q09 2Q09 3Q08 in millions of euros 9M09 9M08
(9) (188) - Special items affecting operating income from the business segments (300) -
- - - * Restructuring charges - -
(3) (105) - * Impairments (108) -
(6) (83) - * Other (192) -
214 1,065 (1,193) Pre-tax inventory effect : FIFO vs. replacement cost 1,756 869

205 877 (1,193) Total adjustments affecting operating income from the business segments 1,456 869

869

* Adjustments to net income (Group share)

3Q09 2Q09 3Q08 in millions of euros 9M09 9M08
2 (221) (190) Special items affecting net income (Group share) (306) (112)
46 28 50 * Gain on asset sales 87 197
(7) (99) (4) * Restructuring charges (112) (48)
(2) (71) (34) * Impairments (73) (34)
(35) (79) (202) * Other (208) (227)
(70) (119) (78) Equity shares of adjustments and, from 2009, selected items related to Sanofi-Aventis* (252) (227)
122 788 (752) After-tax inventory effect : FIFO vs. replacement cost 1,237 676

54 448 (1,020) Total adjustments to net income 679 337

679

337

* based on Total`s share in Sanofi-Aventis of 8.6% at 9/30/2009, 9.7% at
6/30/2009, and 12.4% at 9/30/2008.

Effective tax rates

3Q09 2Q09 3Q08 Effective tax rate* 9M09 9M08
59.3% 58.3% 61.7% Upstream 58.6% 61.8%
56.5% 55.9% 55.9% Group 54.8% 57.6%

* tax on adjusted net operating income / (adjusted net operating income - income
from equity affiliates, dividends received from investments, and impairments of
acquisition goodwill + tax on adjusted net operating income).

Investments - Divestments

3Q09 2Q09 3Q08 3Q09 vs 3Q08 in millions of euros 9M09 9M08 9M09 vs 9M08
3,111 3,095 2,774 +12% Investments excluding acquisitions* 8,953 7,363 +22%
227 154 212 +7% * Capitalized exploration 609 589 +3%
187 23 (56) na * Net investments in equity affiliates and non-consolidated companies 435 (466) na
58 480 421 -86% Acquisitions 631 516 +22%
3,169 3,575 3,195 -1% Investments including acquisitions* 9,584 7,879 +22%
702 781 524 +34% Asset sales 1,842 719 x2.6
2,449 2,776 2,653 -8% Net investments ** 7,688 7,240 +6%

+6%

3Q09 2Q09 3Q08 3Q09 vs 3Q08 expressed in millions of dollars*** 9M09 9M08 9M09 vs 9M08
4,450 4,219 4,175 +7% Investments excluding acquisitions* 12,234 11,204 +9%
325 210 319 +2% * Capitalized exploration 832 896 -7%
267 31 (84) na * Net investments in equity affiliates and non-consolidated companies 594 (709) na
83 654 634 -87% Acquisitions 862 785 +10%
4,533 4,873 4,809 -6% Investments including acquisitions* 13,097 11,989 +9%
1,004 1,065 789 +27% Asset sales 2,517 1,094 x2.3
3,503 3,784 3,993 -12% Net investments ** 10,506 11,017 -5%

-5%

* includes net investments in equity affiliates and non-consolidated
companies.** net investments = investments including acquisitions and net
investments in equity affiliates and non-consolidated companies - asset sales +
net financing for employees related to 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 9/30/2009 6/30/2009 9/30/2008
Current borrowings 6,012 7,916 5,378
Net current financial assets (160) (123) (230)
Non-current financial debt 19,146 19,640 16,347
Hedging instruments of non-current debt (983) (875) (406)
Cash and cash equivalents (13,775) (14,299) (13,231)
Net debt 10,240 12,259 7,858

Shareholders equity 49,620 51,299 50,801
Estimated dividend payable* (1,273) (2,541) (920)
Minority interests 959 963 1,001
Equity 49,306 49,721 50,882

Net-debt-to-equity ratio 20.8% 24.7% 15.4%

* for 9/30/09, based on a 2009 dividend equal to the dividend paid in 2008 (2.28
€/share), after deducting the interim dividend of 1.14 € per share approved by
the Board of Directors on July 30, 2009.

2009 Sensitivities*

Scenario Change Impact on adjusted operating income(e) Impact on adjusted net operating income(e)
Dollar 1.30 $/€ +0.1 $ per € -1.3 B€ -0.7 B€
Brent 60 $/b +1 $/b +0.32 B€ / 0.42 B$ +0.15 B€ / 0.20 B$
European refining margins TRCV 30 $/t +1 $/t +0.08 B€ / 0.11 B$ +0.06 B€ / 0.07 B$

* sensitivities revised once per year upon publication of the previous year`s
fourth quarter results. The impact of the €-$ sensitivity on adjusted operating
income and adjusted net operating income attributable to the Upstream segment
are approximately 75% and 65% respectively, and the remaining impact of the €-$
sensitivity is essentially in the Downstream segment.

Return on average capital employed

* For the twelve months ended September 30, 2009

in millions of euros Upstream Downstream Chemicals** Segments Group***
Adjusted net operating income 6,429 1,672 377 8,478 9,096
Capital employed at 9/30/2008* 30,184 12,649 8,107 50,940 58,165
Capital employed at 9/30/2009* 35,514 13,513 6,845 55,872 61,030
ROACE 19.6% 12.8% 5.0% 15.9% 15.3%

* at replacement cost (excluding after-tax inventory effect).** capital employed
for Chemicals reduced for the Toulouse-AZF provision of 121 M€ pre-tax at
9/30/2008*** capital employed for the Group adjusted for the amount of the
interim dividend payable approved in July 2009 (2,544 M€).

* For the twelve months ended June 30, 2009

in millions of euros Upstream Downstream Chemicals** Segments Group
Adjusted net operating income 7,827 2,427 479 10,733 11,388
Capital employed at 6/30/2008* 26,676 13,491 7,394 47,561 56,107
Capital employed at 6/30/2009* 35,385 13,939 6,915 56,239 62,294
ROACE 25.2% 17.7% 6.7% 20.7% 19.2%

* at replacement cost (excluding after-tax inventory effect).** capital employed
for Chemicals reduced for the Toulouse-AZF provision of 126 M€ pre-tax at
6/30/2008.

* For the twelve months ended September 30, 2008

in millions of euros Upstream Downstream Chemicals** Segments Group***
Adjusted net operating income 11,298 2,345 578 14,221 14,915
Capital employed at 9/30/2007* 26,863 11,446 7,305 45,614 53,243
Capital employed at 9/30/2008* 30,184 12,649 8,107 50,940 58,165
ROACE 39.6% 19.5% 7.5% 29.5% 26.8%

* at replacement cost (excluding after-tax inventory effect).** capital employed
for Chemicals reduced for the Toulouse-AZF provision of 139 M€ pre-tax at
9/30/2007 and 121 M€ pre-tax at 9/30/2008.*** capital employed for the Group
adjusted for the amount of the interim dividend payable approved in September
2008 (2,545 M€).

1 percent changes are relative to the same period 2008.

2 dollar amounts represent euro amounts converted at the average €-$ exchange
rate for the period : 1.4303 $/€ in the 3rd quarter 2009, 1.5050 $/€ in the 3rd
quarter 2008, 1.3632 $/€ in the 2nd quarter 2009, 1.3665 $/€ for the first nine
months of 2009 and 1.5217 $/€ for the first nine months of 2008.

3 adjusted net income = net income using replacement cost (Group share) adjusted
for special items and excluding Total`s share of adjustments and, from 2009,
selected items related to Sanofi-Aventis. Total`s net income (Group share) for
the 3nd quarter 2009 was 1,923 M€.

4 adjusted income (adjusted operating income, adjusted net operating income and
adjusted net income) is defined as income using replacement cost, adjusted for
special items affecting operating income and excluding Total`s equity share of
adjustments and, from 2009, selected items related to Sanofi-Aventis; 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 17.

5 including acquisitions.

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

7 special items affecting operating income from the business segments had a
negative impact of 9 M€ in the 3rd quarter 2009 and no impact in the 3rd quarter
2008.

8 defined as: (tax on adjusted net operating income) / (adjusted net operating
income - income from equity affiliates, dividends received from investments and
impairments of acquisition goodwill + tax on adjusted net operating income).

9 detail shown on page 17.

10 detail shown on page 18.

11 net investments = investments including acquisitions and net investments in
equity affiliates and non-consolidated companies - asset sales + net financing
for employees related to stock purchase plans.

12 cash flow from operations at replacement cost before changes in working
capital.

13 net cash flow = cash flow from operations + divestments - gross investments.

14 special items affecting operating income from the business segments had a
negative impact of 300 M€ in the first nine months of 2009 and no impact in the
first nine months of 2008.

15 defined as: (tax on adjusted net operating income) / (adjusted net operating
income - income from equity affiliates, dividends received from investments and
impairments of acquisition goodwill + tax on adjusted net operating income).

16 detail shown on page 17.

17 detail shown on page 18.

18 net investments = investments including acquisitions and net investments in
equity affiliates and non-consolidated companies - asset sales + net financing
for employees related to stock purchase plans.

19 cash flow from operations at replacement cost before changes in working
capital.

20 net cash flow = cash flow from operations + divestments - gross investments.

21 detail shown on page 19.

22 impact of changing hydrocarbon prices on entitlement volumes.

23 calculated based on adjusted net operating income and average capital
employed, using replacement cost, as shown on page 20.

24 calculated based on adjusted net operating income and average capital
employed, using replacement cost, as shown on page 20.

25 calculated based on adjusted net operating income and average capital
employed, using replacement cost, as shown on page 20.

26 includes net investments in equity affiliates and non-consolidated companies.

27 the ex-dividend date for the 2009 interim dividend is November 13 and the
payment date is November 18, 2009; for the ADR (NYSE :TOT) the ex-dividend date
is November 9.

Total Financial Statements

Third quarter and first nine months of 2009 consolidated accounts, IFRS

CONSOLIDATED STATEMENT OF INCOME
TOTAL
(unaudited)

(M€)(a) 3rd quarter 2nd quarter 3rd quarter
2009 2009 2008
Sales 33,628 31,430 48,849
Excise taxes (4,812) (4,856) (4,810)
Revenues from sales 28,816 26,574 44,039
Purchases, net of inventory variation (18,940) (16,300) (31,054)
Other operating expenses (4,508) (4,724) (4,708)
Exploration costs (130) (155) (144)
Depreciation, depletion and amortization of tangible assets and mineral interests (1,599) (1,636) (1,329)
Other income 70 106 107
Other expense (95) (216) (262)
Financial interest on debt (108) (140) (241)
Financial income from marketable securities & cash equivalents 21 40 114
Cost of net debt (87) (100) (127)
Other financial income 67 240 140
Other financial expense (90) (82) (79)
Equity in income (loss) of affiliates 398 393 606
Income taxes (1,927) (1,877) (4,038)
Consolidated net income 1,975 2,223 3,151
Group share* 1,923 2,169 3,050
Minority interests 52 54 101
Earnings per share (€) 0.86 0.97 1.36
Fully-diluted earnings per share (€)** 0.86 0.97 1.36

* Adjusted net income 1,869 1,721 4,070
** Adjusted fully-diluted earnings per share (€) 0.84 0.77 1.81
(a) Except for per share amounts.

CONSOLIDATED STATEMENT OF INCOME
TOTAL
(unaudited)

(M€) (a) 9 months 9 months
2009 2008
Sales 95,099 141,262
Excise taxes (14,241) (14,636)
Revenues from sales 80,858 126,626
Purchases, net of inventory variation (50,468) (84,631)
Other operating expenses (13,907) (13,979)
Exploration costs (461) (537)
Depreciation, depletion and amortization of tangible assets and mineral interests (4,755) (4,007)
Other income 191 275
Other expense (398) (431)
Financial interest on debt (419) (702)
Financial income from marketable securities & cash equivalents 116 356
Cost of net debt (303) (346)
Other financial income 466 485
Other financial expense (253) (230)
Equity in income (loss) of affiliates 1,258 1,690
Income taxes (5,706) (13,186)
Consolidated net income 6,522 11,729
Group share* 6,382 11,384
Minority interests 140 345
Earnings per share (€) 2.86 5.09
Fully-diluted earnings per share (€)** 2.85 5.06

* Adjusted net income 5,703 11,047
** Adjusted fully-diluted earnings per share (€) 2.55 4.91
(a) Except for per share amounts.

CONSOLIDATED BALANCE SHEET
TOTAL

(M€) September 30, 2009 June 30, 2009 December 31, 2008 September 30, 2008
(unaudited) (unaudited) (unaudited)
ASSETS
Non-current assets
Intangible assets, net 5,845 5,955 5,341 5,099
Property, plant and equipment, net 49,292 48,762 46,142 45,001
Equity affiliates : investments and loans 13,685 14,075 14,668 15,175
Other investments 1,187 1,211 1,165 1,293
Hedging instruments of non-current financial debt 983 875 892 406
Other non-current assets 3,179 3,095 3,044 2,196
Total non-current assets 74,171 73,973 71,252 69,170
Current assets
Inventories, net 12,002 11,749 9,621 15,500
Accounts receivable, net 14,198 15,226 15,287 19,983
391 (4,038)
Résultat net de l'ensemble consolidé 4,183 (1,032) 3,151
Part du Groupe 4,070 (1,020) 3,050
Intérêts minoritaires 113 (12) 101

COMPTE DE RÉSULTAT CONSOLIDÉ (Impact des éléments d'ajustement)
TOTAL
(non audité)

9 mois 2009 Ajusté Éléments Compte de résultat consolidé
(en millions d'euros) d'ajustement
Chiffre d'affaires 95,099 - 95,099
Droits d'accises (14,241) - (14,241)
Produits des ventes 80,858 - 80,858
Achats, nets de variation de stocks (52,224) 1,756 (50,468)
Autres charges d'exploitation (13,715) (192) (13,907)
Charges d'exploration (461) - (461)
Amortissements des immobilisations corporelles et droits miniers (4,647) (108) (4,755)
Autres produits 102 89 191
Autres charges (167) (231) (398)
Coût de l'endettement financier brut (419) - (419)
Produits de trésorerie et d'équivalents de trésorerie 116 - 116
Coût de l'endettement financier net (303) - (303)
Autres produits financiers 466 - 466
Autres charges financières (253) - (253)
Quote-part du résultat net des sociétés mises en équivalence 1,451 (193) 1,258
Charge d'impôt (5,270) (436) (5,706)
Résultat net de l'ensemble consolidé 5,837 685 6,522
Part du Groupe 5,703 679 6,382
Intérêts minoritaires 134 6 140

9 mois 2008 Ajusté Éléments Compte de résultat consolidé
(en millions d'euros) d'ajustement
Chiffre d'affaires 141,262 - 141,262
Droits d'accises (14,636) - (14,636)
Produits des ventes 126,626 - 126,626
Achats, nets de variation de stocks (85,500) 869 (84,631)
Autres charges d'exploitation (13,979) - (13,979)
Charges d'exploration (537) - (537)
Amortissements des immobilisations corporelles et droits miniers (4,007) - (4,007)
Autres produits 76 199 275
Autres charges (129) (302) (431)
Coût de l'endettement financier brut (702) - (702)
Produits de trésorerie et d'équivalents de trésorerie 356 - 356
Coût de l'endettement financier net (346) - (346)
Autres produits financiers 485 - 485
Autres charges financières (230) - (230)
Quote-part du résultat net des sociétés mises en équivalence 1,846 (156) 1,690
Charge d'impôt (12,925) (261) (13,186)
Résultat net de l'ensemble consolidé 11,380 349 11,729
Part du Groupe 11,047 337 11,384
Intérêts minoritaires 333 12 345

TOTAL S.A.

Capital 5,867,520,185 euros

542 051 180 R.C.S. Nanterre

www.total.com

TOTAL

Copyright Business Wire 2009