10 284 Supplemental oil and gas information (unaudited) Oil and gas information pursuant to FASB Accounting Standards Codification 932 (in billion cubic feet) Consolidated subsidiaries and equity affiliates As of December 31, 2009 Proved developed and undeveloped reserves 5,047 5,587 3,692 8,526 3,466 26,318 Consolidated subsidiaries 5,047 5,246 3,597 2,028 3,466 19,384 Equity affiliates - 341 95 6,498 - 6,934 Proved developed reserves 3,463 2,272 2,388 6,606 2,059 16,788 Consolidated subsidiaries 3,463 2,261 2,343 1,773 2,059 11,899 Equity affiliates - 11 45 4,833 - 4,889 Proved undeveloped reserves 1,584 3,315 1,304 1,920 1,407 9,530 Consolidated subsidiaries 1,584 2,985 1,254 255 1,407 7,485 Equity affiliates - 330 50 1,665 - 2,045 As of December 31, 2010 Proved developed and undeveloped reserves 4,962 5,704 3,897 8,031 3,194 25,788 Consolidated subsidiaries 4,962 5,314 3,806 1,867 3,194 19,143 Equity affiliates - 390 91 6,164 - 6,645 Proved developed reserves 3,089 2,240 2,474 7,649 1,790 17,242 Consolidated subsidiaries 3,089 2,229 2,439 1,578 1,790 11,125 Equity affiliates - 11 35 6,071 - 6,117 Proved undeveloped reserves 1,873 3,464 1,423 382 1,404 8,546 Consolidated subsidiaries 1,873 3,085 1,367 289 1,404 8,018 Equity affiliates - 379 56 93 - 528 As of December 31, <strong>2011</strong> Proved developed and undeveloped reserves 5,014 5,156 3,942 7,320 9,285 30,717 Consolidated subsidiaries 5,014 4,793 3,863 1,518 5,587 20,775 Equity affiliates - 363 79 5,802 3,698 9,942 Proved developed reserves 2,943 2,308 2,600 7,170 4,854 19,875 Consolidated subsidiaries 2,943 2,216 2,567 1,450 1,594 10,770 Equity affiliates - 92 33 5,720 3,260 9,105 Proved undeveloped reserves 2,071 2,848 1,342 150 4,431 10,842 Consolidated subsidiaries 2,071 2,577 1,296 68 3,993 10,005 Equity affiliates - 271 46 82 438 837 TOTAL. <strong>Registration</strong> Document <strong>2011</strong> Europe Africa Americas Middle East Asia <strong>Total</strong>
1.5. Results of operations for oil and gas producing activities The following tables do not include revenues and expenses related to oil and gas transportation activities and LNG liquefaction and transportation activities. 2009 Non-Group sales 2,499 1,994 583 859 1,926 7,861 Group sales 4,728 7,423 310 556 597 13,614 <strong>Total</strong> Revenues 7,227 9,417 893 1,415 2,523 21,475 Production costs (1,155) (1,122) (193) (204) (243) (2,917) Exploration expenses (160) (265) (121) (81) (70) (697) Depreciation, depletion and amortization and valuation allowances (1,489) (1,471) (262) (314) (613) (4,149) Other expenses (a) (261) (895) (181) (170) (56) (1,563) Pre-tax in<strong>com</strong>e from producing activities 4,162 5,664 136 646 1,541 12,149 In<strong>com</strong>e tax (2,948) (3,427) (103) (309) (747) (7,534) Results of oil and gas producing activities 1,214 2,237 33 337 794 4,615 2010 Non-Group sales 2,839 2,639 628 1,038 2,540 9,684 Group sales 5,599 9,894 540 644 683 17,360 <strong>Total</strong> Revenues 8,438 12,533 1,168 1,682 3,223 27,044 Production costs (1,281) (1,187) (222) (259) (279) (3,228) Exploration expenses (266) (275) (216) (8) (99) (864) Depreciation, depletion and amortization and valuation allowances (1,404) (1,848) (368) (264) (830) (4,714) Other expenses (a) (299) (1,014) (218) (241) (72) (1,844) Pre-tax in<strong>com</strong>e from producing activities 5,188 8,209 144 910 1,943 16,394 In<strong>com</strong>e tax (3,237) (5,068) (83) (402) (950) (9,740) Results of oil and gas producing activities 1,951 3,141 61 508 993 6,654 <strong>2011</strong> Supplemental oil and gas information (unaudited) 10 Oil and gas information pursuant to FASB Accounting Standards Codification 932 (M€) Consolidated subsidiaries Europe Africa Americas Middle East Asia <strong>Total</strong> Non-Group sales 3,116 3,188 776 1,159 3,201 11,440 Group sales 7,057 11,365 764 737 712 20,635 <strong>Total</strong> Revenues 10,173 14,553 1,540 1,896 3,913 32,075 Production costs (1,235) (1,179) (250) (286) (304) (3,254) Exploration expenses (343) (323) (48) (11) (294) (1,019) Depreciation, depletion and amortization and valuation allowances (1,336) (1,845) (352) (278) (791) (4,602) Other expenses (a) (307) (1,181) (274) (276) (95) (2,133) Pre-tax in<strong>com</strong>e from producing activities 6,952 10,025 616 1,045 2,429 21,067 In<strong>com</strong>e tax (5,059) (6,484) (293) (465) (1,302) (13,603) Results of oil and gas producing activities 1,893 3,541 323 580 1,127 7,464 (a) Included production taxes and accretion expense as provided for by IAS 37 (€271 million in 2009, €326 million in 2010 and €338 million in <strong>2011</strong>). <strong>Registration</strong> Document <strong>2011</strong>. TOTAL 285
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Registration Document 2011
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Registration Document 2011 This tra
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Key figures 1. Operating and market
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Sales Adjusted net income (Group sh
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Shareholder base Estimates as of No
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Business overview Business overview
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2. Upstream TOTAL’s Upstream segm
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As of December 31, 2009, TOTAL’s
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2.3. Presentation of production act
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Indonesia 1968 Myanmar 1992 Thailan
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United Kingdom 1962 Middle East U.A
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In Kenya, TOTAL acquired in Septemb
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In the United States, the Group’s
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The next two wells, which were expl
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is expected to be transported to Ru
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- In addition to Alwyn and the Cent
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2.6. Number of net oil and gas well
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Asia Yadana Yadana (Myanmar) Ban-I
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2.9.3. Marketing To unlock value fr
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As of January 2012, TOTAL owns 66%
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3. Downstream The Downstream segmen
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The heavy conversion process of thi
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In Northern, Central and Eastern Eu
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The oil markets had ended 2010 sign
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4.1. Base Chemicals The Base Chemic
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4.1.2. Fertilizers Through its Fren
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5. Investments 5.1. Major investmen
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7. Property, plant and equipment TO
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Finance Refining & Marketing Financ
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Crude Oil Trading Finance Trading &
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Management Report The Management re
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- a Refining & Chemicals segment, a
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1.2.4. Investments - divestments In
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1.6. TOTAL S.A. 2011 results Net in
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2.5. Anticipated sources of financi
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3.6. Environment Environmental issu
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Risk factors Risk factors 4 1. Fina
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Trading & Shipping : value-at-risk
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1.8. Sensitivity analysis on intere
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1.10. Liquidity risk TOTAL S.A. has
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Customer receivables are subject to
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2.2. Management and monitoring of i
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egions, causing substantial decline
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3.4. Activities in Cuba, Iran, Suda
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and service contracts. In 2011, TOT
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4.3. Insurance policy The Group has
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Corporate governance Corporate gove
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Chairman of the Nominating & Govern
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- Permanent representative of Colam
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du Territoire et de l’Action Rég
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- Director of Europalia Internation
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- monitoring the quality of the inf
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6. COMMITTEES OF THE BOARD OF DIREC
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1.5.2. Compensation Committee Rules
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The term of office of the members o
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- examination of ethical issues (co
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1.8. Director independence At its m
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With regard to counterparty risks,
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Variable compensation is determined
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3. General Management 3.1. Manageme
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4.4. Fees received by the statutory
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total gross compensation as Chairma
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Chairman and Chief Executive Office
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The acquisition rate: - is equal to
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5.7.3. Directors’ fees and other
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5.8. TOTAL stock option grants Corp
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If all the outstanding stock option
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Corporate governance 5 Compensation
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The grant of these performance shar
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6. Employees, share ownership 6.1.
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6.3.1. Summary of transactions in t
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TOTAL and its shareholders TOTAL an
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1.2. Share performance TOTAL share
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1.2.7. TOTAL share price over the p
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2.2. Dividend payment BNP Paribas S
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the Board of Directors decided on J
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- delivered to the holders of secur
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4.4. Major shareholders 4.4.1. Chan
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4.6. Shares held by members of the
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However, there are certain exceptio
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6.4. Registered shareholding TOTAL
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Financial information Financial inf
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4. Dividend policy The Company’s
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criminal chamber of the Court of Ap
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In October 2010, the Prosecutor’s
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General information General informa
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delegations of authority granted by
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1.4. Potential share capital as of
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2.3. Provisions of the by-laws gove
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2.6. Shareholders’ meetings 2.6.1
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In 2011, TOTAL’s holdings in Sano
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Consolidated Financial Statements T
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2. Consolidated statement of income
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4. Consolidated balance sheet TOTAL
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6. Consolidated statement of change
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Non-monetary contributions by ventu
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Intangible assets are carried at co
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when market data are not directly a
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- In June 2011, the IASB issued rev
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Since the acquisition date, sales a
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4) Business segment information Fin
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For the year ended December 31, 201
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For the year ended December 31, 201
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For the year ended December 31, 200
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For the year ended December 31, 201
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Adjustments to net income, Group sh
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7) Other income and other expense F
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The net deferred tax variation in t
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11) Property, plant and equipment C
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12) Equity affiliates: investments
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In Group share, the main financial
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15) Inventories As of December 31,
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17) Shareholders’ equity Number o
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As of December 31, 2011, paid-in su
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The experience actuarial (gains) lo
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19) Provisions and other non-curren
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20) Financial debt and related fina
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Bonds after fair value hedge (M€)
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- Page 241 and 242: 23) Commitments and contingencies A
- Page 243 and 244: guarantees. As of December 31, 2011
- Page 245 and 246: 25) Share-based payments A) TOTAL s
- Page 247 and 248: condition. This condition states th
- Page 249 and 250: - varies on a straight-line basis b
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- Page 253 and 254: 27) Statement of cash flows A) Cash
- Page 255 and 256: As of December 31, 2010 (M€) Asse
- Page 257 and 258: Assets and liabilities from financi
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- Page 261 and 262: D) Fair value hierarchy The fair va
- Page 263 and 264: As of December 31, 2009 Consolidate
- Page 265 and 266: As part of its gas, power and coal
- Page 267 and 268: As a result of this policy, the imp
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- Page 271 and 272: its assets (as calculated under the
- Page 273 and 274: e paid to those affected by the pol
- Page 275 and 276: 33) Other information Research and
- Page 277 and 278: The business segments are identifie
- Page 279 and 280: Supplemental oil and gas informatio
- Page 281 and 282: 1.3. Proved undeveloped reserves As
- Page 283 and 284: (in million barrels of oil equivale
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- Page 287: 1.4.4. Changes in gas reserves Supp
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- Page 307 and 308: 4. Notes to the Statutory Financial
- Page 309 and 310: 4) Other non-current assets A) Chan
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- Page 335 and 336: TOTAL particularly monitors hazardo
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Social and economic development of
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commitment for TOTAL, adopting a pr
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4.3. TOTAL and new energies Althoug
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The selected sites and subsidiaries
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Assurance Opinion Completeness of d
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Glossary A Acreage Areas in which m
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MTO/OCP MTO (Methanols to Olefins)
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Cross reference lists Registration
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17. Employees 17.1. Number of emplo
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Registration Document concordance t
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PEFC/10-31-2043 This brochure is pr