Total S.A. Trading Statement

 
TIDMTTA 
 
 

Main Indicators

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

Note:The indicators for average liquids price and average gas price have been amended and a new indicator of variable cost margin for European refining has been introduced in replacement of the ERMI (European Refining Margin Indicator). Corresponding 2018 data has been restated to reflect these changes.

 
                 $/EUR   Brent ($/b)  Average  Average         Variable 
                                    liquids  gas             cost 
                                    price*   price*($/Mbtu)  margin,European 
                                    ($/b)                    refining** 
                                                             ($/t) 
First quarter    1.14  63.1         58.7     4.51            33.0 
2019 
Fourth quarter   1.14  68.8         59.2     5.01            40.8 
2018 
Third quarter    1.16  75.2         68.8     5.06            47.2 
2018 
Second quarter   1.19  74.4         68.4     4.62            33.9 
2018 
First quarter    1.23  66.8         60.0     4.79            29.8 
2018 
 
 

* Sales in $ / sales in volume for consolidated subsidiaries (no longer including stock value variation).** This indicator represents the average margin on variable costs realized by Total's European refining business (equal to the difference between the sales of refined products realized by Total's European refining and the crude purchases as well as associated variable costs, divided by refinery throughput in tonnes). The previous ERMI indicator was intended to represent the margin after variable costs for a hypothetical complex refinery located around Rotterdam in Northern Europe that processes a mix of crude oil and other inputs commonly supplied to this region to produce and market the main refined products at prevailing prices in this region.

Disclaimer: data is based on Total's reporting and is not audited. To the extent permitted by law, TOTAL S.A. disclaims all liability from the use of the restated main indicators.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190414005087/en/

 
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(END) Dow Jones Newswires

April 15, 2019 02:30 ET (06:30 GMT)