Registration Document 2005 - Total.com

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Content
Key figures p. 3
Selected financial information p. 3
Operating and market data p. 4
Business overview p. 9
History and strategy of TOTAL p. 10
Upstream p. 11
Exploration & Production p. 13
Interests in pipelines p. 34
Gas & Power p. 35
Downstream p. 40
Refining & Marketing p. 41
Trading & Shipping p. 46
Chemicals p. 48
Base Chemicals p. 49
Specialties p. 51
Arkema p. 52
Other activities p. 55
Investments p. 56
Organizational structure p. 57
Property, Plant and Equipment p. 57
Organization chart as of March, 14, 2006 p. 58
Management Report of the Board of
Directors p. 61
Summary of results and financial position p. 62
Liquidity and capital resources p. 71
Research and development p. 73
Trends and outlook p. 74
Risk factors p. 75
Market risks p. 76
Legal risks p. 80
Industrial and environmental risks p. 84
Other specific risks p. 86
Insurance and risk management p. 89
Corporate governance p. 91
Board of Directors p. 92
Management p. 100
Statutory auditors p. 101
Compensation of the Board of Directors
and Executive Officers p. 102
Report of the Chairman of the Board
of Directors (Article L. 225-37 of the
French Commercial Code) p. 105
Statutory auditor’s report (Article L. 225-235
of the French Commercial Code) p. 112
Headcount, Employee shareholdings,
Stock options and restricted share grants p. 113
TOTAL and its shareholders p. 123
TOTAL shares p. 124
Dividends p. 128
Share buyback p. 130
Shareholders p. 135
Information for overseas shareholders p. 140
Communication with shareholders p. 142
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Financial information p. 147
Historical financial information p. 148
Audit of the historical financial information p. 148
Additional information p. 149
Dividend policy p. 149
Legal and arbitration proceedings p. 149
Significant changes p. 149
General information p. 151
Share capital p. 152
Articles of incorporation and bylaws;
Other Information p. 157
Other information p. 160
Documents on display p. 161
Information on holdings p. 162
Appendix 1 - Consolidated financial
statements p. 163
Statutory auditors’ report on the consolidated
financial statements p. 164
Consolidated statement of income p. 165
Consolidated balance sheet p. 166
Consolidated statement of cash flows p. 167
Consolidated statement of changes
in shareholders’ equity p. 168
Notes to the consolidated financial statements p. 169
Appendix 2 - Supplemental oil and gas
information (unaudited) p. 231
Oil and gas reserves p. 232
Financial review p. 236
Other information p. 241
Appendix 3 - TOTAL S.A. p. 243
Special auditors’ report on regulated
agreements p. 244
Statutory auditors’ report on the annual
financial statements p. 245
Parent company financial information p. 246
Employment and environmental information p. 251
Five-year consolidated financial information p. 257
European Cross Reference List p. 258