Registration document 2011 - tota - Total.com

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ii Abbreviations b: barrel cf: cubic feet /d: per day /y: per year €: euro $ and/or dollar: U.S. dollar t: metric ton boe: barrel of oil equivalent kboe/d: thousand boe/d kb/d: thousand barrel/d Btu: British thermal unit M: million B: billion MW: megawatt MWp: megawatt peak (direct current) TWh: terawatt hour AMF: French Financial Markets Authority API: American Petroleum Institute ERMI: European Refining Margin Indicator. ERMI is an indicator intended to represent the margin after variable costs for a hypothetical complex refinery located around Rotterdam in Northern Europe. The indicator margin may not be representative of the actual margins achieved by TOTAL in any period because of TOTAL’s particular refinery configurations, product mix effects or other company-specific operating conditions. FEED: Front-End Engineering and Design FPSO: Floating Production Storage and Offloading IFRS: International Financial Reporting Standards LNG: liquefied natural gas LPG: liquefied petroleum gas ROE Return on Equity ROACE: Return on Average Capital Employed SEC: United States Securities and Exchange Commission SAGD: Steam Assisted Gravity Drainage TOTAL. Registration Document 2011 Conversion table 1 boe = 1 barrel of crude oil = approx. 5,447 cf of gas* in 2011. 1 b/d = approx. 50 t/y 1 t = approx. 7.5 b (for a gravity of 37° API) 1 Bm3 /y = approx. 0.1 Bcf/d 1 m3 = approx. 35.3 cf 1 t of LNG = approx. 48 kcf of gas 1 Mt/y of LNG = approx. 131 Mcf/d * This ratio is calculated based on the actual average equivalent energy content of TOTAL's natural gas reserves and is subject to change. Definitions The terms “TOTAL” and “Group” as used in this Registration Document refer to TOTAL S.A. collectively with all of its direct and indirect consolidated subsidiaries located in, or outside of France. © TOTAL S.A. March 2012
Key figures 1. Operating and market data 2011 2010 2009 Brent ($/b) 111.3 79.5 61.7 Exchange rate (€-$) 1.39 1.33 1.39 European Refinery Margin Indicator (ERMI) ($/t) 17.4 27.4 17.8 Hydrocarbon production (kboe/d) 2 346 2 378 2 281 Liquids (kb/d) 1 226 1 340 1 381 Gas (Mcf/d) 6 098 5 648 4 923 Refinery throughput (kb/d) (a) 1 863 2 009 2 151 Refined products sales (kb/d) (b) 3 639 3 776 3 616 (a) Includes share of CEPSA through July 31, 2011, and, starting October 2010, of TotalErg. (b) Includes trading. Key figures 1 Registration Document 2011. TOTAL 1
Page 1 and 2: Registration Document 2011
Page 3: Registration Document 2011 This tra
Page 7 and 8: Sales Adjusted net income (Group sh
Page 9 and 10: Shareholder base Estimates as of No
Page 11 and 12: Business overview Business overview
Page 13 and 14: 2. Upstream TOTAL’s Upstream segm
Page 15 and 16: As of December 31, 2009, TOTAL’s
Page 17 and 18: 2.3. Presentation of production act
Page 19 and 20: Indonesia 1968 Myanmar 1992 Thailan
Page 21 and 22: United Kingdom 1962 Middle East U.A
Page 23 and 24: In Kenya, TOTAL acquired in Septemb
Page 25 and 26: In the United States, the Group’s
Page 27 and 28: The next two wells, which were expl
Page 29 and 30: is expected to be transported to Ru
Page 31 and 32: - In addition to Alwyn and the Cent
Page 33 and 34: 2.6. Number of net oil and gas well
Page 35 and 36: Asia Yadana Yadana (Myanmar) Ban-I
Page 37 and 38: 2.9.3. Marketing To unlock value fr
Page 39 and 40: As of January 2012, TOTAL owns 66%
Page 41 and 42: 3. Downstream The Downstream segmen
Page 43 and 44: The heavy conversion process of thi
Page 45 and 46: In Northern, Central and Eastern Eu
Page 47 and 48: The oil markets had ended 2010 sign
Page 49 and 50: 4.1. Base Chemicals The Base Chemic
Page 51 and 52: 4.1.2. Fertilizers Through its Fren
Page 53 and 54: 5. Investments 5.1. Major investmen
Page 55 and 56:
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
Page 163 and 164:
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
Page 171 and 172:
General information General informa
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delegations of authority granted by
Page 175 and 176:
1.4. Potential share capital as of
Page 177 and 178:
2.3. Provisions of the by-laws gove
Page 179 and 180:
2.6. Shareholders’ meetings 2.6.1
Page 181 and 182:
In 2011, TOTAL’s holdings in Sano
Page 183 and 184:
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
Page 197 and 198:
- In June 2011, the IASB issued rev
Page 199 and 200:
Since the acquisition date, sales a
Page 201 and 202:
4) Business segment information Fin
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For the year ended December 31, 201
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Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
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
Page 217 and 218:
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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Bonds after cash flow hedge and fix
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C) Net-debt-to-equity ratio For its
Page 241 and 242:
23) Commitments and contingencies A
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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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The following table summarizes SunP
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27) Statement of cash flows A) Cash
Page 255 and 256:
As of December 31, 2010 (M€) Asse
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Assets and liabilities from financi
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As of December 31, 2010 (M€) Asse
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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
Page 269 and 270:
The following table sets forth fina
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its assets (as calculated under the
Page 273 and 274:
e paid to those affected by the pol
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33) Other information Research and
Page 277 and 278:
The business segments are identifie
Page 279 and 280:
Supplemental oil and gas informatio
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1.3. Proved undeveloped reserves As
Page 283 and 284:
(in million barrels of oil equivale
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Supplemental oil and gas informatio
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1.4.4. Changes in gas reserves Supp
Page 289 and 290:
1.5. Results of operations for oil
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1.6. Cost incurred The following ta
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The standardized measure of discoun
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1.9. Changes in the standardized me
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2011 Natural gas production availab
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TOTAL S.A. The statutory Financial
Page 301 and 302:
To be eligible for this supplementa
Page 303 and 304:
3. Statutory Financial Statements o
Page 305 and 306:
3.3. Statement of cash flow For the
Page 307 and 308:
4. Notes to the Statutory Financial
Page 309 and 310:
4) Other non-current assets A) Chan
Page 311 and 312:
TOTAL shares held by the Group subs
Page 313 and 314:
11) Translation adjustment The appl
Page 315 and 316:
21) Commitments As of December 31 (
Page 317 and 318:
- is equal to 100% if the average R
Page 319 and 320:
D) TOTAL performance share grant Th
Page 321 and 322:
24) Others Compensation for the adm
Page 323 and 324:
5.2. Five-year financial data Share
Page 325 and 326:
6. Consolidated financial informati
Page 327 and 328:
Corporate social responsibility Cor
Page 329 and 330:
TOTAL also hired 3,321 employees on
Page 331 and 332:
1.5. Equal opportunity From recruit
Page 333 and 334:
2.1. Occupational health and safety
Page 335 and 336:
TOTAL particularly monitors hazardo
Page 337 and 338:
The Group has therefore taken proac
Page 339 and 340:
Social and economic development of
Page 341 and 342:
commitment for TOTAL, adopting a pr
Page 343 and 344:
4.3. TOTAL and new energies Althoug
Page 345 and 346:
The selected sites and subsidiaries
Page 347 and 348:
Assurance Opinion Completeness of d
Page 349 and 350:
Glossary A Acreage Areas in which m
Page 351 and 352:
MTO/OCP MTO (Methanols to Olefins)
Page 353 and 354:
Cross reference lists Registration
Page 355 and 356:
17. Employees 17.1. Number of emplo
Page 357 and 358:
Registration Document concordance t
Page 359 and 360:
PEFC/10-31-2043 This brochure is pr
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Registration document 2011 - tota - Total.com

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