EX-99.7 9 y00665exv99w7.htm EX-99.7: SALES IN THE 1ST HALF OF 2003 EX-99.7: SALES IN THE 1ST HALF OF 2003
 

(Total Logo)
 
 

Exhibit 99.7

TOTAL S.A.’s SALES IN THE FIRST HALF OF 2003

1. CONSOLIDATED SALES

                   
      2003   2002
      TOTAL   TOTAL
      (million euros)   (million euros)
     
 
UPSTREAM
                
 
First quarter
     8,186       6,749  
 
Second quarter
     6,894       6,731  
 
    
     
 
 
     15,080       13,480  
DOWNSTREAM
                
 
First quarter
     19,418       15,268  
 
Second quarter
     16,336       17,755  
 
    
     
 
 
     35,754       33,023  
CHEMICALS
                
 
First quarter
     4,704       4,823  
 
Second quarter
     4,288       5,263  
 
    
     
 
 
     8,992       10,086  
HOLDING
                
 
First quarter
     39       28  
 
Second quarter
     33       32  
 
    
     
 
 
     72       60  
Consolidation eliminations of internal sales
                
 
First quarter
     -4,044       -3,084  
 
Second quarter
     -3,204       -3,346  
 
    
     
 
 
     -7,248       -6,430  
CONSOLIDATED SALES
                
 
First quarter
     28,303       23,784  
 
Second quarter
     24,347       26,435  
 
    
     
 
 
     52,650       50,219  

Consolidated sales increased by 5% to 52,650 million euros in the first half of 2003 from 50,219 million euros in the first half of 2002. This variance is primarily due to the 24% increase in the average Brent oil price at 28.7 $/b in the first half of 2003 from 23.1 $/b a year ago and to the strong rebound in the refining margins which more than offset the drop in the value of the dollar relative to the euro. The average euro-dollar exchange rate was $1.10 per euro in the first half of 2003 compared to $0.90 in the first half of 2002.

 

 

2. PARENT COMPANY’s SALES

                   
      2003   2002
     
 
      (million euros)   (million euros)
OIL & GAS SALES
                
 
First quarter
     1,230       935  
 
Second quarter
     989       1,074  
 
    
     
 
 
     2,219       2,009  
SERVICES PERFORMED
                
 
First quarter
     294       212  
 
Second quarter
     289       305  
 
    
     
 
 
     583       517  
GLOBAL AMOUNT
                
 
First quarter
     1,524       1,147  
 
Second quarter
     1,278       1,379  
 
    
     
 
 
     2,802       2,526