TOTAL SA

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MzZCzKE8lkZp+0K0IiKVZ+nrO6AFxcwvbzMljYf3kulqSrlD9bK7MPpvfs7H6Psu uCUzOeOdwHWz3IAV+dFK0g== 0000950123-09-010394.txt : 20090602 0000950123-09-010394.hdr.sgml : 20090602 20090602124907 ACCESSION NUMBER: 0000950123-09-010394 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20090602 FILED AS OF DATE: 20090602 DATE AS OF CHANGE: 20090602 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TOTAL SA CENTRAL INDEX KEY: 0000879764 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10888 FILM NUMBER: 09867571 BUSINESS ADDRESS: STREET 1: 2 PLACE DE LA COUPOLE STREET 2: LA DEFENSE 92078 CITY: PARIS FRANCE STATE: I0 ZIP: 00000 BUSINESS PHONE: 2129693300 MAIL ADDRESS: STREET 1: 2 PLACE DE LA COUPOLE STREET 2: LA DEFENSE 92078 CITY: PARIS FRANCE STATE: I0 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL FINA ELF SA DATE OF NAME CHANGE: 20001010 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL FINA SA DATE OF NAME CHANGE: 19990713 FORMER COMPANY: FORMER CONFORMED NAME: TOTAL DATE OF NAME CHANGE: 19960103 6-K 1 y03090e6vk.htm FORM 6-K TOTAL SA

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13-a16 OR 15-d16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the months of: April 30 to May 31, 2009

Commission File Number: 1-10888

TOTAL S.A.

(Translation of registrant’s name into English)

2 place Jean Millier
La Défense 6
92400 Courbevoie
France
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F þ Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes o No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
82- .

TABLE OF CONTENTS


SIGNATURES
EXHIBIT INDEX
EX-99.1: Acquisition of an Interest in "Gevo" an innovative company developing bio-products
EX-99.2: Total and INPEX launch the offshore FEED for the Ichthys LNG project, Australia
EX-99.3: GDF SUEZ and Total team up for the EPR project in Penly
EX-99.4: First Quarter 2009 Results
EX-99.5: New discovery on the Moho-Bilondo License, Republic of Congo
EX-99.6: Start-up of production of the Tahiti field, Gulf of Mexico
EX-99.7: Inauguration of the South Hook LNG re-gasification Terminal, United Kingdom
EX-99.8: First Quarter 2009 Financial Results of Total Gabon
EX-99.9: 2009 General Meeting Report
EX-99.10: New offshore exploration permit for Total in the Nile Basin, Egypt

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	TOTAL S.A.
Date: June 2, 2009	By:	/s/ Charles Paris de Bollardière
		Name : Charles PARIS de BOLLARDIERE
		Title : Treasurer

EXHIBIT INDEX


•	EXHIBIT 99.1:	Total’s Corporate Venture Acquires an Interest in “Gevo” an innovative company developing bio-products (April 30, 2009)

•	EXHIBIT 99.2:	Total and INPEX launch the offshore FEED for the Ichthys LNG project in Australia (April 30, 2009)

•	EXHIBIT 99.3:	GDF SUEZ and Total team up for the EPR project in Penly (May 4, 2009)

•	EXHIBIT 99.4:	First Quarter 2009 Results (May 6, 2009)

•	EXHIBIT 99.5:	Republic of Congo: New discovery on the Moho-Bilondo License (May 6, 2009)

•	EXHIBIT 99.6:	Start-up of production of the Tahiti field in the Gulf of Mexico (May 6, 2009)

•	EXHIBIT 99.7:	United Kingdom: Inauguration of the South Hook LNG re-gasification Terminal, the Largest in Europe (May 12, 2009)

•	EXHIBIT 99.8:	Total Gabon: First Quarter 2009 Financial Results (May 14, 2009)

•	EXHIBIT 99.9:	2009 Annual Shareholders Meeting Report (May 15, 2009)

•	EXHIBIT 99.10:	Egypt: Total enters into an offshore exploration permit in the Nile Basin (May 18, 2009)

EX-99.1 2 y03090exv99w1.htm EX-99.1: ACQUISITION OF AN INTEREST IN "GEVO" AN INNOVATIVE COMPANY DEVELOPING BIO-PRODUCTS EX-99.1

Exhibit 99.1

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Alain LIGAIRE
Tel.: + 33 (0) 1 47 44 81 48

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Total’s Corporate Venture Acquires an Interest in Gevo
an innovative company developing bio-products

Paris, April 30, 2009 — Total announces that it has acquired an interest in Gevo, a Denver-based company developing a portfolio of bio-products for the transportation fuel and chemicals markets.

Created in 2005, Gevo is developing an innovative technology to convert sugars derived from biomass into higher alcohols and hydrocarbons. Gevo plans to start marketing these products, currently in the development phase, in 2011.

Total’s investment is part of a new share issue, subscribed in part by Total and, for the remaining part, primarily by existing shareholders. After the capital increase, which will finance the next stages in the company’s growth, Total will be a core shareholder.

This investment is part of Total’s recently initiated corporate venture activity.

Total and Corporate Venture

Total’s corporate venture investments are designed to support businesses developing innovative technologies and business models in areas such as renewable and alternative energies, energy efficiency and waste-to-energy processes, etc., that help to meet the challenges of the energy transition. These investments primarily consist of acquiring minority interests in start-up companies during capital increases to help finance their ongoing growth.

*******

Total is one of the world’s major oil and gas groups, with activities in more than 130 countries. Its 97,000 employees put their expertise to work in every part of the industry — exploration and production of oil and natural gas, refining and marketing, gas & power and trading. Total is working to keep the world supplied with energy, both today and tomorrow. The Group is also a first rank player in chemicals. www.total.com

EX-99.2 3 y03090exv99w2.htm EX-99.2: TOTAL AND INPEX LAUNCH THE OFFSHORE FEED FOR THE ICHTHYS LNG PROJECT, AUSTRALIA EX-99.2

Exhibit 99.2

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Alain LIGAIRE
Tel.: + 33 (0) 1 47 44 81 48

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Total and INPEX launch the offshore FEED for the Ichthys LNG project
in Australia

Paris, April 30, 2009 — Total announces that the joint venture holding the Australian exploration permit WA-285-P (Total 24%, INPEX 76% operator) has decided to launch the Front End Engineering and Design (FEED) for the development of the Ichthys field, located in the Browse Basin approximately 200 kilometres offshore North West Australia and approximately 850 kilometres to the west of Darwin.

With proved and probable reserves estimated to be around 530 million barrels of condensate and 12.8 trillion cubic feet (tcf) of natural gas, Ichthys is one of the largest discoveries in Australia, and will be the first major gas development in the Browse Basin Region.

Yves-Louis Darricarrère, President Exploration and Production Total, said: “With the launch of the Ichthys field offshore FEED, the project enters a new phase in which the facilities are defined and evaluated in more detail prior to the Final Investment Decision. Total, which is very active worldwide along the entire Liquefied Natural Gas (LNG) chain, from field exploration and production to gas trading, is committed alongside INPEX to the development of the Ichthys project to deliver LNG to the markets”.

About the Front End Engineering Design

During the Ichthys field FEED, the joint venture will define the production facilities comprising a subsea gas gathering network, a floating central offshore processing facility for the gas, a floating production storage and offloading unit for the condensate, and a gas pipeline to Darwin.

A separate FEED for a LNG plant located onshore in Darwin to liquefy the gas produced from Ichthys was launched in January 2009. The LNG plant will contribute to the local economy, providing employment for more than 2,000 people during the plant construction, and for about 300 once in operation.

About Ichthys

The Ichthys field was discovered by the drilling of the Brewster 1A exploration well in 1980. INPEX acquired the exploration permit in 1998 and has drilled eight further

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Alain LIGAIRE
Tel.: + 33 (0) 1 47 44 81 48

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

wells to appraise the field. Total joined the project in mid-2006. First production, aimed at the Asian market, primarily Japan, is expected in the middle of the next decade.

The project represents a major development for Total. Ichthys will have a production capacity of over 300,000 barrels of oil equivalent per day, including 100,000 barrels per day of condensates, 1.6 million tonnes of Liquefied Petroleum Gas (LPG) per year and approximately 8.4 million tonnes of LNG per year.

Total Exploration and Production in Australia

In addition to its involvement in the Ichthys project, Total operates four exploration permits in Australia, and will begin a drilling campaign early in 2010. Total E&P Australia is also present in nine other exploration permits. A first discovery, Mimia (Total 40%, INPEX 60%) in exploration permit WA-344P in the vicinity of Ichthys, was made in 2008.

Total E&P Australia inaugurated its Perth office in 2008, consolidating its presence in Australia, and preparing for future increases in its exploration activities.

In Australia, as in all countries in which the Group is present, Total acknowledges its responsibility towards safety and the environment. Ensuring the safety of people who work on its projects is a key priority for Total. Reducing the impact of its activities on the environment is a key theme of the Group’s commitment to sustainable development.

Total and LNG worldwide

Total is a leading player in the LNG sector, with solid and diversified positions. Total is active in almost all LNG producing regions and main LNG markets, and continues to develop LNG as a key component of its development strategy.

The Group produces LNG in Indonesia, Qatar, the United Arab Emirates, Oman, Nigeria and Norway. The start-ups of Yemen LNG in the middle of this year and Qatargas 2 Train B later in the year will increase Total’s LNG production in 2010 by about 50%. Angola LNG which is currently under construction will complement this portfolio in 2012.

For the future, new liquefaction projects are being studied, including Shtokman in Russia in partnership with Gazprom, as well as new projects in Nigeria.

The Group also secured long-term access to LNG regasification capacity located in key LNG markets: North America (United States-Sabine Pass and Mexico — Altamira), Europe (France- Fos Cavou — coming onstream in the summer and UK South Hook, currently in the process of starting up) and Asia (India — Hazira).

With the decision to move Ichthys into the FEED phase, Total confirms its strategy of growth in this segment, and its commitment to maximize the value of its resources from this Australian permit in close partnership with INPEX.

*******

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Alain LIGAIRE
Tel.: + 33 (0) 1 47 44 81 48

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable reserves, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at 2, place Jean Millier — La Défense 6 — 92078 Paris La Défense Cedex, France or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

EX-99.3 4 y03090exv99w3.htm EX-99.3: GDF SUEZ AND TOTAL TEAM UP FOR THE EPR PROJECT IN PENLY EX-99.3

Exhibit 99.3

GDF SUEZ and Total team up for the EPR project in Penly

Paris, 4 May 2009

The French Prime Minister Francois Fillon has granted GDF SUEZ a 33.33% block of shares plus one share in the company formed to build and operate the EPR in Penly, alongside its partner EDF which will hold the majority of the capital. As indicated previously, GDF SUEZ has proposed to Total that they should join forces for this project.

GDF SUEZ and Total agreed on a partnership agreement with respective stakes of 75% and 25% to jointly own this stake.

This decision reinforces GDF SUEZ’s position, role and expertise in the nuclear sector. For Total, this will be the first nuclear project the Group is involved in.

The two Groups are happy with the government’s decision and will jointly contribute to the project’s success, lead by EDF.

Gérard Mestrallet: “This decision is a major step forward in the implementation of GDF SUEZ nuclear strategy. The Group welcomes this partnership with Total and EDF and will make this project a success.”

Christophe de Margerie declared “I am pleased that Total contributes to this achievement alongside GDF SUEZ and EDF, which will constitute a new reference for the Group.”

This association strengthens the alliance between Areva, GDF SUEZ and Total that is prepared to submit an offer to the bid organized by Abu Dhabi.

GDF SUEZ and Total are already partners in numerous international energy projects, in sectors as diverse as hydrocarbons exploration and production, electricity production through gas turbines in the E.A.U and even solar power, with their common subsidiary Photovoltech in France and Belgium.

GDF SUEZ Press Contact:
Tel. France: +33 (0)1 57 04 24 35
Tel. Belgium: +32 2 510 76 70
Email: gdfsuezpress@gdfsuez.com

GDF SUEZ Investor Relations Contact:
Tel.: +33 (0)1 57 04 66 29
Email: ir@gdfsuez.com

Total Press contact
Tel.: +33 (0) 1 47 44 46 99

Total Investor Relations
Tel.: +33 (0)1 47 44 58 53

EX-99.4 5 y03090exv99w4.htm EX-99.4: FIRST QUARTER 2009 RESULTS EX-99.4

Exhibit 99.4

Paris, May 6, 2009

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

First quarter 2009 results

First quarter 2009 results^1-2


• *Adjusted net income*³	2.1 billion euros	-35	%
	2.8 billion dollars	-44	%
	0.95 euros per share	-35	%
	1.23 dollars per share	-43	%
• *Net income* (Group share)	2.3 billion euros	-36	%

Highlights since the beginning of the first quarter 2009

•		*Upstream production of 2,322 kboe/d in the first quarter 2009*

•		*Started up deep-offshore Nigeria Akpo field*

•		*Formed a strategic alliance with Cobalt International Energy, L.P. for deep-offshore Gulf of Mexico exploration*

•		*Launched engineering studies for Ichthys LNG in Australia*

•		*Extended contract for Gasco joint venture in the United Arab Emirates, renewed Blocks C17 and C137 contracts in Libya, and extended concessions for Aguada Pichana and San Roque in Argentina*

•		*Signed heads of agreement with Japanese buyers to deliver 25 million tons of LNG between 2011 and 2020 from Bontang in Indonesia*

•		*Signed exploration contracts for the Absheron block in Azerbaïdjan with SOCAR and for the DBSCL-02 and 03 blocks in the Mekong Delta area with Petrovietnam*

•		*Acquired a 50% interest in a research and demonstration program for the development of shale oil in Colorado*

•		*Consolidated European styrene production at Gonfreville plant with start-up of expanded world-class unit*

•		*Announced a plan to adapt and modernize refining and petrochemicals activities in France*

•		*Announced a project to build a plant in France to manufacture silicium wafers to supply the photovoltaic industry*

•		*Partnership with GDF SUEZ for the EPR project in Penly in France*


¹		percent changes are relative to the same period 2008.

²		dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period : 1.3029 $/€ in the first quarter 2009, 1.4976 $/€ in the first quarter 2008, and 1.3180 $/€ in the fourth quarter 2008.

³		adjusted net income = net income using replacement cost (Group share) adjusted for special items and excluding Total’s share of amortization of intangibles related to the Sanofi-Aventis merger.

The Board of Directors of Total, led by Chairman Thierry Desmarest, met on May 5, 2009 to review the Group’s first quarter 2009 accounts.

Adjusted net income was 2,113 million euros (M€), a decrease of 35% compared to the first quarter 2008.

Commenting on the results, CEO Christophe de Margerie said :

« In the first quarter 2009, the Brent oil price fell by more than 50% compared to the first quarter 2008 and 20% compared to the fourth quarter 2008. Supported by OPEC production cuts, Brent has traded around the 40-50 $/b range. The price of natural gas declined significantly in the main markets. The European refining margin indicator, while higher than in the previous year, deteriorated progressively. The environment for chemicals suffered the full impact of the decline in demand. The dollar averaged 1.30 $/€.

In an environment dominated by global recession, our first quarter 2009 adjusted net income expressed in dollars was 2.8 billion dollars (B$), a decrease of 44% compared to the first quarter 2008, the most limited decrease among the majors. The Group invested 3.7 B$, a pace comparable to the same period in 2008, and generated 2 B$ of net cash flow. The net-debt-to-equity ratio was 19% at March 31, 2009.

These results demonstrate the resilience and financial strength of the Group and its capacity to pursue its development in a weak environment.

Total’s hydrocarbon production decreased, essentially due to the impact of OPEC reductions. The giant Akpo field in deep-offshore Nigeria started up at the end of the quarter and will contribute significantly to production for the rest of the year. Development is ongoing for four additional major projects for the Group in 2009, Tahiti in the Gulf of Mexico, Yemen LNG, Tombua Landana in Angola and Qatargas II train B, which should start up between now and the end of the year.

While keeping its commitment to safety and the environment, Total initiated plans in all of its segments to reduce costs and optimize pending projects. In addition, the Group announced a plan during the quarter to modernize its refining and petrochemicals activities in France within the framework of its strategy to adapt its industrial sites.

In addition, the Group continued to seize targeted opportunities to strengthen its portfolio for the long term. Notably, Total entered into a strategic alliance for exploration in the Gulf of Mexico. This venture, along with recent contract extensions in key countries, reaffirms the Group’s confidence in its model for organic growth to create value over the long term.

Total, as a leading player in most countries where it operates, continues, more than ever, to participate in the development of local economies. Our financial strength and discipline allow us to pursue our strategy of maintaining a strong investment program, an ongoing level of recruitment, and socially responsible actions to sustain our model for growth. »

w w w

• Key figures⁴


in millions of euros							1Q09 vs
except earnings per share and number of shares	1Q09		4Q08		1Q08		1Q08

Sales		30,041		38,714		44,213		-32	%
Adjusted operating income from business segments		3,615		5,126		7,119		-49	%
Adjusted net operating income from business segments		2,050		2,942		3,200		-36	%
• Upstream		1,482		1,995		2,731		-46	%
• Downstream		600		770		311		+93	%
• Chemicals		-32		177		158	na
Adjusted net income		2,113		2,873		3,254		-35	%
Adjusted fully-diluted earnings per share (euros)		0.95		1.29		1.44		-35	%
Fully-diluted weighted-average shares (millions)		2,235.4		2,235.5		2,254.0		-1	%
Net income (Group share)		2,290		-794		3,602		-36	%
Investments		2,935		4,758		2,643		+11	%
Investments including net investments in equity affiliates and non-consolidated companies		2,840		4,565		2,546		+12	%
Divestments		472		943		198		+138	%
Cash flow from operations		3,994		4,093		5,316		-25	%
Adjusted cash flow from operations		3,372		4,830		4,331		-22	%

in millions of dollars⁵ except earnings per share and number of shares		1Q09		4Q08		1Q08	1Q09 vs 1Q08
Sales		39,140		51,025		66,213		-41	%
Adjusted operating income from business segments		4,710		6,756		10,661		-56	%
Adjusted net operating income from business segments		2,671		3,878		4,792		-44	%
• Upstream		1,931		2,629		4,090		-53	%
• Downstream		782		1,015		466		+68	%
• Chemicals		-42		233		237	na
Adjusted net income		2,753		3,787		4,873		-44	%
Adjusted fully-diluted earnings per share (dollars)		1.23		1.69		2.16		-43	%
Fully-diluted weighted-average shares (millions)		2,235.4		2,235.5		2,254.0		-1	%
Net income (Group share)		2,984		-1,046		5,394		-45	%
Investments		3,824		6,271		3,958		-3	%
Investments including net investments in equity affiliates and non-consolidated companies		3,700		6,017		3,813		-3	%
Divestments		615		1,243		297		+107	%
Cash flow from operations		5,204		5,395		7,961		-35	%
Adjusted cash flow from operations		4,393		6,366		6,486		-32	%


⁴		adjusted income (adjusted operating income, adjusted net operating income and adjusted net income) is defined as income using replacement cost, adjusted for special items affecting operating income and excluding Total’s equity share of amortization of intangibles related to the Sanofi-Aventis merger; adjusted cash flow from operations is defined as cash flow from operations before changes in working capital at replacement cost; adjustment items are listed on page 15.

⁵		dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period.

• First quarter 2009 results

> Operating income

In the first quarter 2009, the Brent price averaged 44.5 $/b, a decrease of 54% compared to the first quarter 2008 and 20% compared to the fourth quarter 2008. The European refining margin indicator averaged 34.7 $/t for the first quarter 2009, an increase compared to the first quarter 2008, but was poor in the month of March. Petrochemical margins continued to be affected by weak demand.

The euro-dollar exchange rate averaged 1.30 $/€ in the first quarter 2009 compared to 1.50 $/€ in the first quarter 2008 and 1.32 $/€ in the fourth quarter 2008.

In this environment, the adjusted operating income from the business segments⁶ was 3,615 M€, a decrease of 49% compared to the first quarter 2008. Expressed in dollars, the decrease was 56%.

The effective tax rate⁷ for the business segments was 52% in the first quarter 2009 compared to 59% in the first quarter 2008, with the lower rate resulting mainly from the decrease in the share of the Upstream segment in adjusted operating income from business segments and the decrease in the effective tax rate for the Upstream segment. The effective tax rate for the business segments was 51% in the fourth quarter 2008.

Adjusted net operating income from the business segments was 2,050 M€ compared to 3,200 M€ in the first quarter 2008, a decrease of 36%.
The smaller decrease, relative to the decrease in adjusted operating income, is essentially due to the lower effective tax rate between the two quarters.

Expressed in dollars, adjusted net operating income from the business segments was 2.7 billion dollars (B$), a decrease of 44% compared to the first quarter 2008 and 31% compared to the fourth quarter 2008.

> Net income

Adjusted net income was 2,113 M€ compared to 3,254 M€ in the first quarter 2008, a decrease of 35%. Expressed in dollars, adjusted net income decreased by 44%.

This excludes the after-tax inventory effect, special items, and the Group’s equity share of the amortization of intangibles related to the Sanofi-Aventis merger.

•		The after-tax inventory effect had a positive impact on net income of 327 M€ in the first quarter 2009 and 274 M€ in the first quarter 2008.

•		Special items had a negative impact on net income of 87 M€ in the first quarter 2009, and were comprised mainly of provisions in the Downstream and Chemicals segments. Special items had a positive impact on net income of 145 M€ in the first quarter 2008.

•		The Group’s share of the amortization of intangibles related to the Sanofi-Aventis merger had a negative impact on net income of 63 M€ in the first quarter 2009 and 71 M€ in the first quarter 2008.

Reported net income (Group share) was 2,290 M€ compared to 3,602 M€ in the first quarter 2008.

The effective tax rate⁷ for the Group was 52% in the first quarter 2009.

The Group did not buy back shares in the first quarter 2009.

Adjusted fully-diluted earnings per share, based on 2,235.4 million fully-diluted weighted-average shares, was 0.95 euros compared to 1.44 euros in the first quarter 2008, a decrease of 35%.

Expressed in dollars, adjusted fully-diluted earnings per share fell by 43% to $1.23.


⁶		special items affecting operating income from the business segments had a negative impact of -103 M€ in the first quarter 2009 and no impact in the first quarter 2008.

⁷		defined as: (tax on adjusted net operating income) / (adjusted net operating income - income from equity affiliates, dividends received from investments and impairments of acquisition goodwill + tax on adjusted net operating income).

> Investments — divestments⁸

Investments, excluding acquisitions and including net investments in equity affiliates and non-consolidated companies, were 2.7 B€ (3.6 B$) in the first quarter 2009 compared to 2.5 B€ (3.7 B$) in the first quarter 2008.

Acquisitions were 93 M€ in the first quarter 2009.

Asset sales in the first quarter 2009 were 359 M€, consisting essentially of Sanofi-Aventis shares.

Net investments⁹ were 3.2 B$ in the first quarter 2009 compared to 3.7 B$ in the first quarter 2008.

> Cash flow

Cash flow from operating activities was 3,994 M€ in the first quarter 2009, a decrease of 25% compared to the first quarter 2008.

Adjusted cash flow¹⁰ was 3,372 M€, a decrease of 22%.

Expressed in dollars, adjusted cash flowwas 4.4 B$, a decrease of 32%.

Net cash flow¹¹ for the Group was 1,531 M€ compared to 2,871 M€ in the first quarter 2008.

Expressed in dollars, net cash flow for the Group was 2 B$ in the first quarter 2009.

The net-debt-to-equity ratio was 19.1% on March 31, 2009 compared to 22.5% on December 31, 2008 and 21.0% on March 31, 2008.


⁸		detail shown on page 16.

⁹		net investments = investments including acquisitions and net investments in equity affiliates and non-consolidated companies - asset sales + repayments by employees for loans related to stock purchase plans.

¹⁰		cash flow from operations at replacement cost before changes in working capital.

¹¹		net cash flow = cash flow from operations + divestments - gross investments.

• Analysis of business segment results

Upstream

> Environment — liquids and gas price realizations *


	1Q09		4Q08		1Q08		1Q09 vs 1Q08

Brent ($/b)		44.5		55.5		96.7		-54	%
Average liquids price ($/b)		41.5		49.4		90.7		-54	%
Average gas price ($/Mbtu)		5.98		7.57		6.67		-10	%
Average hydrocarbons price ($/boe)		38.8		47.1		70.5		-45	%


*		consolidated subsidiaries, excluding fixed margin and buy-back contracts.

Total’s average realized liquids price decreased by 54% compared to the first quarter 2008, in line with the change in Brent.

The average realized price for Total’s natural gas decreased by 10% compared to the first quarter 2008, reflecting the positive lag effect in certain gas contract price formulas.

> Production


Hydrocarbon production	1Q09		4Q08		1Q08		1Q09 vs 1Q08

Combined production (kboe/d)		2,322		2,354		2,426		-4.3	%
• Liquids (kb/d)		1,413		1,434		1,510		-6.4	%
• Gas (Mcf/d)		4,957		5,127		4,989		-0.6	%

In the first quarter 2009, hydrocarbon production was 2,322 thousand barrels of oil equivalent per day (kboe/d), a decrease of close to 4.5% compared to the first quarter 2008, mainly as a result of:

•		-4% for OPEC reductions,

•		-1.5% related to disruptions in Nigeria due to security issues, notably with the shutdown of the Soku gas plant,

•		-1.5% for portfolio changes, mainly the dilution of PetroCedeño in Venezuela

•		+2.5% for the price effect¹²,

The start-up of new projects, such as Jura in the North Sea and Moho Bilondo in Congo, offsets the natural decline.

Compared to the fourth quarter 2008, hydrocarbon production decreased by close to 1.5% due to negative impacts from OPEC reductions (-3%), disruptions in Nigeria due to security issues (-1%) and portfolio changes (-1.5%). These negative impacts were partially offset by positive impacts that increased production by 4%, mainly linked to the re-start of the Al Jurf field in Libya, production ramp-ups on new fields, and the price effect¹².


¹²		impact of changing hydrocarbon prices on entitlement volumes.

Results


in millions of euros	1Q09		4Q08		1Q08		1Q09 vs 1Q08

Adjusted operating income*		2,892		3,727		6,423		-55	%
Adjusted net operating income*		1,482		1,995		2,731		-46	%
• Includes income from equity affiliates		227		269		282		-20	%
Investments		2,250		3,283		2,178		+3	%
Divestments		129		270		107		+21	%
Cash flow		2,578		2,139		4,251		-39	%
Adjusted cash flow		2,679		2,849		3,845		-30	%


*		detail of adjustment items shown in business segment information.

Adjusted net operating income for the Upstream segment was 1,482 M€ in the first quarter 2009 compared to 2,731 M€ in the first quarter 2008, a decrease of 46%.

Expressed in dollars, adjusted net operating income for the Upstream segment decreased by 53%, reflecting essentially the impact of lower hydrocarbon prices.

The effective tax rate for the Upstream segment was 58% compared to 62% in the first quarter 2008, reflecting mainly lower oil prices and mix effects. The effective tax rate was 57% in the fourth quarter 2008.

The return on average capital employed (ROACE¹³) for the Upstream segment for the twelve months ended March 31, 2009 was 31.2% compared to 35.9% for 2008.


¹³		calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 18.

Downstream

> Refinery throughput and utilization rates*


	1Q09			4Q08			1Q08			1Q09 vs 1Q08

Total refinery throughput (kb/d)		2,236			2,371			2,389			-6	%
• France		895			944			930			-4	%
• Rest of Europe		1,086			1,146			1,169			-7	%
• Rest of world		255			281			290			-12	%
Utilization rates
• Based on crude only		81	%		90	%		87	%
• Based on crude and other feedstock		86	%		91	%		92	%


*		includes share of CEPSA.

Refinery throughput decreased by 6% compared to the first quarter 2008, reflecting mainly a larger impact from turnarounds for maintenance, which affected the Lindsey and Donges refineries in the first quarter 2009, and a discretionary reduction of volumes at the Port Arthur refinery in March.

The utilization rates based on crude throughput and based on the throughput of crude and other feedstock were 81% and 86% respectively in the first quarter 2009 compared to 87% and 92% in the first quarter 2008 and 90% and 91% in the fourth quarter 2008.

> Results


in millions of euros
except TRCV refining margins	1Q09		4Q08		1Q08		1Q09 vs 1Q08

European refining margin indicator — TRCV ($/t)		34.7		41.4		24.6		+41	%
Adjusted operating income*		791		1,145		498		+59	%
Adjusted net operating income*		600		770		311		+93	%
• includes income from equity affiliates		33		21		2		x16.5
Investments		495		972		294		+68	%
Divestments		36		18		24		+50	%
Cash flow from operating activities		1,648		603		1,168		+41	%
Adjusted cash flow		934		1,409		520		+80	%


*		detail of adjustment items shown in business segment information in the financial statements.

The European refinery indicator averaged 34.7 $/t over the quarter, an increase of 41% compared to the first quarter 2008 and a decrease of 16% compared to the fourth quarter 2008. At the end of the quarter, margins were notably affected by a drop in distillate margins linked to weak demand.

Adjusted net operating income from the Downstream segment was 600 M€ in the first quarter 2009, an increase of 93% compared to the first quarter 2008 and a decrease of 22% compared to the fourth quarter 2008.

Expressed in dollars, adjusted net operating income for the Downstream segment increased by 68% compared to the first quarter 2008 and decreased by 23% compared to the fourth quarter 2008.

The ROACE¹⁴ for the Downstream segment for the twelve months ended March 31, 2009 was 23.3% compared to 19.9% for 2008.


¹⁴		calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 18.

Chemicals


in millions of euros	1Q09			4Q08		1Q08			1Q09 vs 1Q08

Sales		3,218			4,012		5,229			-38	%
• Base chemicals		1,776			2,449		3,420			-48	%
• Specialties		1,442			1,563		1,809			-20	%
Adjusted operating income*		(68	)		254		198		na
Adjusted net operating income*		(32	)		177		158		na
• Base chemicals		(40	)		109		61		na
• Specialties		16			55		98			-84	%
Investments		179			477		164			+9	%
Divestments		6			20		7			-14	%
Cash flow from operating activities		178			939		(202	)	na
Adjusted cash flow		(134	)		323		266		na


*		detail of adjustment items shown in business segment information in the financial statements.

In the first quarter 2009, petrochemical margins and volumes were impacted by weak global demand. The environment for Specialty chemicals, particularly in the auto and construction markets, was also severely impacted by the economic crisis.

First quarter 2009 sales for the Chemical segment were 3,218 M€, a decrease of 38% compared to the first quarter 2008.

The adjusted net operating loss for the Chemicals segment was 32 M€.

The ROACE¹⁵ for the Chemicals segment for the twelve months ended March 31, 2009 was 6.6% compared to 9.2% for 2008.


¹⁵		calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 18.

• Summary and outlook

The ROACE¹⁶ for the Group for the twelve months ended March 31, 2009 was 24% compared to 26% for 2008. Return on equity for the twelve months ended March 31, 2009 was 28.2% compared to 31.5% for 2008.

Pending approval at the Annual Shareholders Meeting on May 15, 2009, TOTAL S.A. will pay on May 22, 2009 the remaining 1.14 € per share¹⁷ of the 2008 dividend, which is equal in amount to the interim dividend paid in November 2008. The full-year 2008 dividend of 2.28 € per share represents an increase of 10%.

The coming months will be marked by a ramp-up in production from the Akpo field in Nigeria and the start-up of four additional major Upstream projects, Tahiti in the Gulf of Mexico, Yemen LNG and then Tombua Landana in Angola and Qatargas II. In the Downstream, Total will study with Saudi Aramco the bids for the construction of the Jubail refinery in Saudi Arabia. In petrochemicals, Qatofin, one of the largest ethane-based crackers in the world, is expected to enter into service by year-end in Qatar. At Lacq, in the south of France, the CO₂capture and sequestration pilot program should start in the summer.

Cost reduction programs that have been initiated across the company, combined with lower prices for services and materials, will reduce the 2009 breakeven point. Teams have also been mobilized to cut development costs as a prerequisite to launch pending projects.

Since the beginning of the second quarter 2009, the Brent price has stabilized around 50 $/b. Market conditions in the Downstream and Chemicals are difficult due to weak demand, despite lower raw material costs.

Total’s financial strength, discipline and capacity to adapt allow it to maintain, even in a weak environment, its investment policy, its dividend policy and its commitment to operate throughout the world as a responsible company.

¨ ¨ ¨

To listen to CFO Patrick de la Chevardière’s conference call with financial analysts today at 15:00 (Paris time) please log on to www.total.com or call +44 (0)203 043 2440 in Europe or +1 866 907 5930 in the U.S. (access code : Total). For a replay, please consult the website or call +44 (0)207 075 3214 in Europe or 1 866 828 2261 in the US (code : 246 225).


¹⁶		calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 18

¹⁷		the ex-dividend date for the remainder of the 2008 dividend would be May 19, 2009.

The March 31, 2009 notes to the consolidated accounts are available on the Total web site (www.total.com). This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, business, strategy and plans of Total. Such statements are based on a number of assumptions that could ultimately prove inaccurate, and are subject to a number of risk factors, including currency fluctuations, the price of petroleum products, the ability to realize cost reductions and operating efficiencies without unduly disrupting business operations, environmental regulatory considerations and general economic and business conditions. Total does not assume any obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise. Further information on factors which could affect the company’s financial results is provided in documents filed by the Group and its affiliates with the French Autorité des Marchés Financiers and the US Securities and Exchange Commission.

Business segment information is presented in accordance with the Group internal reporting system used by the Chief operating decision maker to measure performance and allocate resources internally. Due to their particular nature or significance, certain transactions qualified as “special items” are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. However, in certain instances, certain transactions such as restructuring costs or assets disposals, which are not considered to be representative of normal course of business, may be qualified as special items although they may have occurred within prior years or are likely to recur within following years.

The adjusted results of the Downstream and Chemical segments are also presented according to the replacement cost method. This method is used to assess the segments’ performance and ensure the comparability of the segments’ results with those of its competitors, mainly North American.

In the replacement cost method, which approximates the LIFO (Last-In, First-Out) method, the variation of inventory values in the income statement is determined by the average price of the period rather than the historical value. The inventory valuation effect is the difference between the results according to FIFO (First-In, First-Out) and replacement cost.

In this framework, performance measures such as adjusted operating income, adjusted net operating income and adjusted net income are defined as incomes using replacement cost, adjusted for special items and excluding Total’s equity share of the amortization of intangibles related to the Sanofi-Aventis merger. They are meant to facilitate the analysis of the financial performance and the comparison of income between periods.

Dollar amounts presented herein represent euro amounts converted at the average euro-dollar exchange rate for the applicable period and are not the result of financial statements prepared in dollars.

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as resources, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at 2, place Jean Millier — La Défense 6 — 92078 Paris, La Défense cedex, France or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

Operating information by segment
First quarter 2009

• Upstream


Combined liquids and gas production by region
(kboe/d)	1Q09		4Q08		1Q08		1Q09 vs 1Q08

Europe		686		684		626		+10	%
Africa		741		746		851		-13	%
North America		11		13		15		-27	%
Far East		255		241		251		+2	%
Middle East		419		426		438		-4	%
South America		184		217		217		-15	%
Rest of world		26		27		28		-7	%

Total production		2,322		2,354		2,426		-4	%

Includes equity and non-consolidated affiliates		350		400		396		-12	%


Liquids production by region (kb/d)	1Q09		4Q08		1Q08		1Q09 vs 1Q08

Europe		320		321		299		+7	%
Africa		633		618		716		-12	%
North America		10		12		11		-9	%
Far East		36		31		27		+33	%
Middle East		315		320		335		-6	%
South America		85		118		110		-23	%
Rest of world		14		14		12		+17	%

Total production		1,413		1,434		1,510		-6	%

Includes equity and non-consolidated affiliates		294		341		339		-13	%


							1Q09 vs
Gas production by region (Mcf/d)	1Q09		4Q08		1Q08		1Q08

Europe		1,985		1,957		1,775		+12	%
Africa		551		658		690		-20	%
North America		8		8		23		-65	%
Far East		1,223		1,280		1,245		-2	%
Middle East		574		604		580		-1	%
South America		549		550		589		-7	%
Rest of world		67		70		87		-23	%

Total production		4,957		5,127		4,989		-1	%

Includes equity and non-consolidated affiliates		302		316		306		-1	%

1Q09 vs

Liquefied natural gas

1Q09

4Q08

1Q08

LNG sales* (Mt)

2.10

2.38

2.32

-9


*		sales, Group share, excluding trading ; 1 Mt/y = approx. 133 Mcf/d ; data from 2008 previous period have been restated to reflect volumes estimation for Bontang LNG in Indonesia based on the 2008 SEC coefficient.

•

Downstream


							1Q09 vs
Refined products sales by region (kb/d)*	1Q09		4Q08		1Q08		1Q08

Europe		2,176		2,186		2,144		+1	%
Africa		277		281		280		-1	%
Americas		189		168		156		+21	%
Rest of world		128		156		145		-12	%

Total consolidated sales		2,770		2,791		2,725		+2	%

Trading		1,000		860		944		+6	%

Total refined product sales		3,770		3,651		3,669		+3	%


*		includes trading and share of CEPSA.

Adjustment items

•

Adjustments to operating income from business segments


in millions of euros	1Q09			4Q08			1Q08

Special items affecting operating income from the business segments		(103	)		(375	)		—
• Restructuring charges		—			—			—
• Impairments		—			(177	)		—
• Other		(103	)		(198	)		—
Pre-tax inventory effect : FIFO vs. replacement cost		477			(4,372	)		375

Total adjustments affecting operating income from the business segments		374			(4,747	)		375

•

Adjustments to net income (Group share)


in millions of euros	1Q09			4Q08			1Q08

Special items affecting net income (Group share)		(87	)		(373	)		145
• Equity share of special items recorded by Sanofi-Aventis		—			—			—
• Gain on asset sales		13			17			145
• Restructuring charges		(6	)		(21	)		—
• Impairments		—			(171	)		—
• Other		(94	)		(198	)		—
Adjustment related to the Sanofi-Aventis merger* (share of amortization of intangibles)		(63	)		(166	)		(71	)

After-tax inventory effect : FIFO vs. replacement cost		327			(3,128	)		274

Total adjustments to net income		177			(3,667	)		348


*		based on Total’s share in Sanofi-Aventis of 10.9% at 3/31/2009, 11.4% at 12/31/2008 and 13.2% at 3/31/2008.

Effective tax rates


Effective tax rate*	1Q09			4Q08			1Q08

Upstream		58.1	%		57.4	%		62.3	%
Group		52.2	%		50.6	%		59.4	%


*		tax on adjusted net operating income / (adjusted net operating income - income from equity affiliates, dividends received from investments, and impairments of acquisition goodwill + tax on adjusted net operating income).

Investments — Divestments


							1Q09 vs
in millions of euros	1Q09		4Q08		1Q08		1Q08

Investments excluding acquisitions includes net investments in equity affiliates and non-consolidated companies		2,747		4,059		2,498		+10	%
• Capitalized exploration		228		183		172		+33	%
• Net investments in equity affiliates and non-consolidated companies		225		74		112		+101	%
Acquisitions		93		506		48		+94	%
Investments including acquisitions includes net investments in equity affiliates and non-consolidated companies		2,840		4,565		2,546		+12	%

Asset sales		359		732		75		x5

Net investments*		2,463		3,815		2,445		+1	%


							1Q09 vs
in millions of dollars **	1Q09		4Q08		1Q08		1Q08

Investments excluding acquisitions includes net investments in equity affiliates and non-consolidated companies		3,579		5,350		3,741		-4	%
• Capitalized exploration		297		241		258		+15	%
• Net investments in equity affiliates and non-consolidated companies		293		98		168		+74	%
Acquisitions		121		667		72		+68	%
Investments including acquisitions includes net investments in equity affiliates and non-consolidated companies		3,700		6,017		3,813		-3	%

Asset sales		468		965		112		x4

Net investments*		3,209		5,028		3,662		-12	%


*		net investments = investments including acquisitions and net investments in equity affiliates and non-consolidated companies - asset sales + net financing for employees related to stock purchase plans.

**		dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period.

Net-debt-to-equity ratio


in millions of euros	3/31/2009			12/31/2008			3/31/2008

Current borrowings		4,771			7,722			4,861
Net current financial assets		(80	)		(29	)		(238	)
Non-current financial debt		19,078			16,191			13,388
Hedging instruments of non-current debt		(934	)		(892	)		(651	)
Cash and cash equivalents		(13,319	)		(12,321	)		(8,341	)

Net debt		9,516			10,671			9,019

Shareholders equity		52,597			48,992			45,750
Estimated dividend payable*		(3,812	)		(2,540	)		(3,537	)
Minority interests		1,004			958			833

Equity		49,789			47,410			43,046

Net-debt-to-equity ratio		19.1	%		22.5	%		21.0	%


*		based on the hypothesis of an annual dividend of 2.28 €/share less 2,541 M€ for the interim dividend paid in November 2008.

2009 Sensitivities*


			Impact on adjusted	Impact on adjusted
			operating	net operating
	Scenario	Change	income(e)	income(e)

Dollar	1.30 $/€	+0.1 $ per€	-1.3 B€	-0.7 B€
Brent	60 $/b	+1 $/b	+0.32 B€ / 0.42 B$	+0.15 B€ / 0.20 B$
European refining margins TRCV	30 $/t	+1 $/t	+0.08 B€ / 0.11 B$	+0.06 B€ / 0.07 B$


*		sensitivities revised once per year upon publication of the previous year’s fourth quarter results. The impact of the €-$ sensitivity on adjusted operating income and adjusted net operating income attributable to the Upstream segment are approximately 75% and 65% respectively, and the remaining impact of the €-$ sensitivity is essentially in the Downstream segment.

Return on average capital employed

•

For the twelve months ended March 31, 2009


in millions of euros	Upstream			Downstream			Chemicals**			Segments			Group

Adjusted net operating income		9,475			2,858			478			12,811			13,462
Capital employed at 3/31/2008*		25,731			11,415			7,266			44,412			52,015
Capital employed at 3/31/2009*		35,027			13,095			7,175			55,297			61,688

ROACE		31.2	%		23.3	%		6.6	%		25.7	%		23.7	%


*		at replacement cost (excluding after-tax inventory effect).

**		capital employed for Chemicals reduced for the Toulouse-AZF provision of 129 M€ pre-tax at 3/31/2008.

•

For the twelve months ended December 31, 2008


in millions of euros	Upstream			Downstream			Chemicals**			Segments			Group

Adjusted net operating income		10,724			2,569			668			13,961			14,664
Capital employed at 12/31/2007*		27,062			12,190			7,033			46,285			54,158
Capital employed at 12/31/2008*		32,681			13,623			7,417			53,721			59,764

ROACE		35.9	%		19.9	%		9.2	%		27.9	%		25.7	%


*		at replacement cost (excluding after-tax inventory effect).

**		capital employed for Chemicals reduced for the Toulouse-AZF provision of 134 M€ pre-tax at 12/31/2007 and 256 M€ pre-tax at 12/31/2008.

•

For the twelve months ended March 31, 2008


in millions of euros	Upstream			Downstream			Chemicals**			Segments			Group

Adjusted net operating income		9,619			2,138			726			12,483			13,147
Capital employed at 3/31/2007*		24,808			11,442			7,129			43,379			50,773
Capital employed at 3/31/2008*		25,731			11,415			7,266			44,412			52,015

ROACE		38.1	%		18.7	%		10.1	%		28.4	%		25.6	%


*		at replacement cost (excluding after-tax inventory effect).

**		capital employed for Chemicals reduced for the Toulouse-AZF provision of 153 M€ pre-tax at 3/31/2007 and 129 M€ pre-tax at 3/31/2008.

EX-99.5 6 y03090exv99w5.htm EX-99.5: NEW DISCOVERY ON THE MOHO-BILONDO LICENSE, REPUBLIC OF CONGO EX-99.5

Exhibit 99.5

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Republic of Congo: New discovery on the Moho-Bilondo License

Paris, May 6, 2009 — Total announces today positive results for the Moho Nord Marine-4 (MHNM-4) well, approximately 75 kilometres offshore of the Republic of Congo, in a water depth of 1,078 metres in the northern part of the Moho-Bilondo license. The discovery follows on from the Moho Nord Marine-1 and 2 finds in 2007 and the positive delineation well of Moho Nord Marine-3 (MHNM-3) in 2008.

These discoveries reinforce Total’s confidence in the emergence of a development pole in the northern part of the Moho-Bilondo license.

The Phase 1 development of the southern part of Moho-Bilondo, where production began in April 2008, is currently continuing with drilling of further wells that will permit the plateau of 90 000 barrels of oil equivalent per day to be reached in 2010. The development is comprised of fourteen subsea wells tied back to a Floating Production Unit (FPU) with output exported to the onshore Djéno terminal.

Total E&P Congo holds a 53.5% interest in the license, alongside Chevron Overseas Congo Ltd. (31.5%) and Société Nationale des Pétroles du Congo (15%).

Moho Nord Marine-4

Moho Nord Marine-4 was drilled to a total depth of 4,239 metres, in the Albian series, 4.4 kilometres northwest of the Tertiary structure drilled by MHNM-3. The well proved a 163 metres column of high quality oil in the Albian F structure and flowed at 8,100 barrels per day through a 52/64” choke.

This discovery confirms the existence of significant Albian resources in the northern part of the Moho-Bilondo license, in addition to the already recognised Tertiary and Albian A and B resources. Preliminary development studies with a view to develop the Moho Nord resources have been launched.

Total and the local communities

Total is present in the Republic of Congo since 1968, and as in all countries in which the Group operates, Total acknowledges its responsibility towards the community and the environment. In the Republic of Congo, Total supports long term initiatives that contribute to the country’s educational and health system, the local economy and the environment.

A Magnetic Resonance Imaging (MRI) was provided to the Pointe Noire Hospital in 2008, which will be available for the general public. This initiative is in line with Total’s commitment to facilitate access to health care for the local community.

In the Republic of Congo, Total directly employs more than 900 people in its exploration and production activities, which have a positive impact on the local economy creating indirect employment opportunities.

Total Exploration and Production in the Republic of Congo

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Total is the largest petroleum operator in the country, representing a little more than 50% of national production. The Group’s share of production reached 89,000 barrels oil equivalent per day in 2008.

Total E&P Congo has drilled half of all the exploration wells in the Congo, and begun production on 15 fields covering 9 of the 28 existing permits or concessions, and discovered 65% of initial listed reserves in the country.

On Nkossa (Total 53%, operator), the work programme undertaken since 2005 has enabled the decline of the field to be countered and potential production to be maintained at 50,000 barrels per day.

The development project for Libondo (Total 65%, operator), a satellite of Yanga, was launched in October 2008. It includes an important element of local development, with the re-opening of a building yard in Pointe Noire, which will help to create approximately 1,000 direct and indirect jobs.

In addition, the exploration of the Mer Très Profonde Sud (MTPS) (Total 40%, operator) permit, on which 5 discoveries have been made up until now, is continuing.

*******

EX-99.6 7 y03090exv99w6.htm EX-99.6: START-UP OF PRODUCTION OF THE TAHITI FIELD, GULF OF MEXICO EX-99.6

Exhibit 99.6

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Start-up of production of the Tahiti field in the Gulf of Mexico

Paris, May 6, 2009 — Total announces that the Tahiti field located in the Gulf of Mexico started production on May 5, 2009. This deepwater field, operated by Chevron, in which Total owns a 17% interest along with StatoilHydro, is one of the largest fields in the Gulf of Mexico. It is expected to reach a plateau production of approximately 125,000 barrels of crude oil per day and 70 million cubic feet of natural gas per day before the end of the year.

At plateau, the Tahiti field will contribute to Total’s production in the United States by more than 20,000 barrels of oil equivalent per day (boe/d).

The stake in the Tahiti field was acquired in 2005, as part of Total’s strategy to focus in the deep offshore part of the Gulf of Mexico.

About the Tahiti field

The Tahiti field was discovered in 2002 and holds estimated proved and probable reserves of more than 400 million barrels of oil equivalent. The first phase of the field development consists of a floating spar production system producing from six subsea wells, representing an investment of 2.7 billion US dollars.

Tahiti is located approximately 300 kilometres south of New Orleans and in over 1,200 meters of water. The field is in a Miocene play where the sands are expected to have good production and recovery rates.

Total Exploration and Production in the Gulf of Mexico

Earlier this year Total signed a series of agreements with Cobalt International Energy to jointly explore a combined portfolio of 214 blocks in the Gulf of Mexico. These agreements will form the basis of a strategic alliance in an area that offers promising exploration opportunities.

In 2008, the Group’s production in the Gulf of Mexico amounted to 6,000 boe/d with most of it coming out of Total’s two operated producing deep shelf fields: Matterhorn and Virgo.

Furthermore, the Group is committed to developing the first phase of the offshore Chinook project, operated by Petrobras and on which Total holds a 33.33% interest, with a production test scheduled for 2010.

*******

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable reserves, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No. 1-10888 available from us at 2, place Jean Millier — La Défense 6 — 92078 Paris La Défense Cedex, France or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

EX-99.7 8 y03090exv99w7.htm EX-99.7: INAUGURATION OF THE SOUTH HOOK LNG RE-GASIFICATION TERMINAL, UNITED KINGDOM EX-99.7

Exhibit 99.7

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

United Kingdom: Inauguration of the South Hook LNG re-gasification
Terminal, the Largest in Europe

Paris, May 12, 2009 — Total announces the inauguration today of the South Hook LNG re-gasification Terminal, the largest in Europe, located in Milford Haven, UK, Wales.

The South Hook Terminal is owned and operated by South Hook LNG, a company formed through the joint venture of Qatar Petroleum (67.5%), ExxonMobil (24.15%) and Total (8.35%). With a capacity of 15.6 million tonnes (Mt) per year, the South Hook Terminal, will receive LNG from the Qatargas 2 Project in Qatar.

Total also holds a 16.7% interest in train B of Qatargas 2 which is due to come on stream later in the year.

At the inauguration, Christophe de Margerie, Chief Executive Officer of Total stated: “The start-up of the South Hook terminal, which completes the Qatargas 2 project inaugurated last month, will further diversify access to natural gas for European consumers. Total is taking this important step to develop its LNG activities and to strengthen its strategic partnership with Qatar.”

The South Hook terminal is one element of the wider Qatargas 2 value chain - the first integrated LNG project in the world. Qatargas 2 is a joint venture formed by Qatar Petroleum with ExxonMobil and Total to deliver up to 15.6 Mt per year of LNG. Qatargas 2 comprises three offshore platforms, two 7.8 Mt per year liquefaction trains (onshore), 14 super size ships (8 Q-Flex & 6 Q-Max) and the South Hook terminal.

Total and LNG

Total is a leading producer in the LNG sector, with strong and diversified positions around the world. Total is active in almost all LNG — producing regions and main LNG markets and continues to develop LNG as a key component of its development strategy.

The Group produces LNG in Indonesia, Qatar, the United Arab Emirates, Oman, Nigeria and Norway. The start-ups of Yemen LNG in the middle of this year and Qatargas 2 Train B later in the year will increase Total’s LNG production in 2010 by about 50%. Angola LNG, which is currently under construction, will complement this portfolio in 2012.

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

New liquefaction projects are being studied for the future, areas including Shtokman in Russia in partnership with Gazprom, Ichthys in Australia as well as new projects in Nigeria.

The Group also secured long-term access to LNG re-gasification capacity located in key LNG markets: North America (United States — Sabine Pass and Mexico — Altamira), Europe (France — Fos Cavaou and UK — South Hook Terminal) and Asia (India — Hazira).

With South Hook coming on stream, Total is pursuing its LNG strategy by developing access for in the world’s leading gas markets.

*******

EX-99.8 9 y03090exv99w8.htm EX-99.8: FIRST QUARTER 2009 FINANCIAL RESULTS OF TOTAL GABON EX-99.8

Exhibit 99.8

Société anonyme incorporated in Gabon with a Board of Directors and share capital of $76,500,000
Headquarters: Boulevard Hourq, Port-Gentil, BP 525, Gabonese Republic
www.total-gabon.com
Registered in Port-Gentil: 2000 B 00011

PRESS RELEASE

FIRST-QUARTER 2009 FINANCIAL RESULTS

Port-Gentil — May 14, 2009

Main Financial Indicators


							Q1 09
							vs.
			Q1 09		Q1 08		Q1 08

Average Brent price	$	/b		44.5		96.7		-54	%
Average Total Gabon crude price	$	/b		40.0		89.9		-56	%
Crude oil production from fields operated by Total Gabon	kb/d			72.6		75.6		-4	%
Crude oil production from Total Gabon interests¹	kb/d			59.2		59.1		—
Sales	$	M		225		398		-44	%
Funds generated from operations	$	M		100		152		-34	%
Capital expenditure	$	M		49		110		-55	%
Net income	$	M		20		111		-82	%


¹		Including the oil tax reverting to the Republic as per the profit sharing contracts.

First-Quarter 2009 Highlights

NEW EXECUTIVE VICE PRESIDENT APPOINTED

Effective January 1, 2009, Théodore Iyézé was appointed Executive Vice President, succeeding Lambert Ona-Ovono, who retired after thirty-seven years with the company.

BOARD OF DIRECTORS MEETING ON MARCH 20, 2009

Chaired by Jacques Marraud des Grottes, the Board of Directors met on March 20, 2009 and approved the final accounts for the year ending December 31, 2008. The Board decided to recommend that shareholders approve the payment of a 2008 dividend of $22.50 per share at the Annual Shareholders Meeting scheduled for June 5.

BRENT PRICE AND EURO/DOLLAR EXCHANGE RATE

Brent averaged $44.5 per barrel in the first quarter of 2009, down 54% from the prior-year period and 20% from fourth-quarter 2008. The euro/dollar exchange rate averaged $1.30 per euro in the first quarter, versus $1.50 in the prior-year period and $1.32 in fourth-quarter 2008.

OPERATED ACTIVITIES

Acreage and Exploration

•		Acreage: Mbinda Exploration License Relinquished

		Appraisal of the residual potential of the 553-square-kilometre Mbinda license revealed that there was nothing to warrant continuing exploration. The acreage was relinquished when the license expired on January 10, 2009. All contractual work commitments had been met. As a result, Total Gabon’s exploration acreage has decreased to 11,185 square kilometres from 11,739 square kilometres.

•		Aloumbé License: Aloumbé Deep Exploration Well Abandoned

		Completed on November 13, 2008, the Aloumbé Deep exploration well (ALP 1) encountered tight sands gas reservoirs, as expected. The main purpose of the well was to assess the productivity of those tight sands, high-pressure reservoir. Tests and stimulation performed in March 2009 produced very low flow rates and the decision was made to abandon the well. An assessment of all results is ongoing.

•		Diaba License: An Additional 1,215 kilometres of 2D Seismic

		An additional 1,215 kilometres of 2D seismic was shot in April 2009.

Anguille Field Redevelopment

After being interrupted in December 2008 when the contract for the well stimulation boat expired, fracturing operations for wells drilled in 2008 resumed in April after a new agreement was signed. The work programme calls for six stimulation operations to be performed, one of which is optional.

Work to expand the capacity of existing facilities continued: a 12-inch pipeline was laid between platforms AGM 15 and AGM PFC to carry production from the new wells. Pipe laying was completed on March 8.

Basic engineering for the new AGM N1 and N2 wellhead platforms is nearing completion. The call for tenders is being prepared.

A call for tenders was issued for long-lead equipments for these platforms (steel and cranes). The technical bids were opened on March 26 in the presence of representatives of the Gabonese government. Analysis is on going.

Other Operated Activities

Drilling of well AGM 65 on the Anguille field began on February 22, 2009, and was completed in early April.
On the Torpille field, geosciences studies confirmed the potential of well TRM-029, whose main objective is to appraise the southern area of the field. Drilling of the well began in early May.

Health, Safety and Environment

On March 9, Total Gabon obtained ISO 14001 environmental certification for all of its exploration and production activities.

NON-OPERATED ACTIVITIES

Shell Gabon-operated Rabi-Kounga Field

Rabi-Kounga’s facilities were shut down from March 21 to 25, 2009, because of a technical problem. Production resumed gradually from March 25, 2009.

Maurel & Prom-operated Onal Field

The Maurel & Prom-operated Onal field has been tied into the Total-operated Coucal facility to export production to the Cap Lopez terminal. First oil was in early March, with an initial forecast of 10,000 barrels per day.

First-Quarter 2009 Results

Selling Price

The selling price of the Mandji and Rabi Light crude oil grades marketed by Total Gabon averaged $40.0 per barrel in the first quarter of 2009, down 56% from $89.9 a year earlier, in line with Brent price trends over the period.

Production

Total Gabon’s equity share of operated and non-operated oil produced¹ averaged 59,200 barrels per day during the quarter, compared with 59,100 barrels in first-quarter 2008. This stability can be attributed to:

•		A 7% decrease resulting from naturally declining output from certain fields, which was partly offset by optimizing existing wells and bringing on stream new wells.

•		A 7% increase related to less scheduled and unscheduled shutdowns in the first quarter compared to the prior-year period, for both operated and non-operated (Shell Gabon-operated Rabi-Kounga) productions.


¹		Including the oil tax reverting to the Republic as per the profit sharing contracts.

Sales

First-quarter sales declined 44% to $225 million from $398 million in the prior-year period, mainly due to lower average selling prices but higher volumes of oil sold.

Net Income

First-quarter net income slid 82% to $20 million from $111 million in the prior-year period, primarily due to lower selling prices, negative impact of crude oil inventories variations and higher depreciation and amortization related to Anguille field redevelopment.

Capital Expenditure

Capital expenditure stood at $49 million in first-quarter 2009, down from $110 million in the first three months of 2008. The decrease is due to a reduction in work, mainly with regard to redevelopment of the Anguille field.

Funds Generated from Operations

In light of the above, funds generated from operations amounted to $100 million on March 31, meaning the decrease was held to 34% from the figure of $152 million on the same date in 2008.

Cost Reduction Plan

The Brent oil price remained low in the first quarter. Total Gabon has responded by implementing an operating expenditure reduction plan, while keeping its commitment to safety and the environment. The plan calls for full-year savings of around $45 million, representing a decrease in operating expenditure of roughly 15% compared to the budget submitted to the Board of Directors in December 2008.

The capital expenditure program has also been reviewed and optimized, in particular to benefit from lower oil services costs. Total Gabon has set a reduction target in excess of $100 million for 2009, amounting to around 25% of the budget submitted to the Board of Directors in December 2008.


Media Contacts:	Phénélope Sémavoine	+ 33 (0) 1 47 44 76 29
	Kevin Church	+ 33 (0) 1 47 44 70 62

EX-99.9 10 y03090exv99w9.htm EX-99.9: 2009 GENERAL MEETING REPORT EX-99.9

Exhibit 99.9

Paris, May 15, 2009

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Annual Shareholders’ Meeting and Meeting of Board of Directors of
May 15, 2009

Approval of all resolutions proposed by the Board
Dividend up by 10%

The Annual Shareholders’ Meeting was held on May 15, 2009 under the chairmanship of Thierry Desmarest.

The shareholders adopted all the resolutions approved by the Board of Directors including:

•		Payment of a 2008 cash dividend of 2.28 euros per share, up 10% compared to the previous year. Taking into account the interim dividend of 1.14 euros per share paid on November 19, 2008, the remaining balance of 1.14 euros will be paid on May 22, 2009.

•		Renewal of the three-year term for Mrs. Anne Lauvergeon, and MM. Daniel Bouton, Bertrand Collomb, Christophe de Margerie, and Michel Pébereau.

•		Appointment of Mr. Patrick Artus as Director for a three-year term.

•		Authorization granted to the Board of Directors to trade the Company’s share, pursuant to the provisions of Article L. 225-209 of the French Code of Commerce.

•		Amendment of the Company’s by-laws allowing the Board to appoint as Chairman of the Board, as an exception to the currently applicable 65-year age limit and for a period of up to two years, a director who is more than 65-years old but less than 70 years old.

The full results of the votes will be available on Total’s website www.total.com in the coming days.

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

The Shareholders’ Meeting was also an opportunity for the Chairman of the Board and the Chief Executive Officer to report to the shareholders on the main achievements of 2008 and the main challenges to come.

Thierry Desmarest discussed the main accomplishments of the Board and its Committees, pointing out the discipline and long-term outlook as guiding principles both for strategy and development of activities and for governance.

Regarding trends in corporate governance, Thierry Desmarest pointed out the importance of the complementary skills and experiences of Board members for Total. He informed the Meeting of his decision not to remain Chairman beyond 2010, when he will turn 65, and of the wish of the Board to reinstate the dual Chairman-Chief Executive Officer role.

Thierry Desmarest detailed compensation mechanisms and performance criteria for the Chairman and the Chief Executive Officer, as well as the policies for stock options and restricted share grants.

As the Group seeks to ensure that a large portion of the employees is benefiting from these policies, the Chairman reiterated that almost 20,000 employees were granted stock options and restricted shares.

Thierry Desmarest confirmed the dividend policy and indicated that, after the review of the oil and gas environment and the company situation, the Board is considering maintaining the 2009 interim dividend, which will be paid in the second half of 2009, at an amount equal to the remainder of the 2008 dividend.

The Chairman concluded on the Group’s will to pursue its development while being vigilant on distributing fairly created value among its main stakeholders.

Christophe de Margerie, Chief Executive Officer, presented the strategy and outlook for the Group.

Commenting on the results, Christophe de Margerie noted the adjusted net income for 2008: 13.9 billion euros, up 14% compared to 2007 despite the progressive worsening of the environment from the end of 2008.

The first quarter 2009 adjusted net income was 2.1 billion euros: a decrease of 35% compared to the first quarter 2008, the most limited decline among the majors. Total demonstrated its resilience in a sharply weaker environment.

With regard to Total’s strategy in the context of the global financial crisis, Christophe de Margerie asserted the Group’s wish to continue combining discipline and long-term preparation without compromising commitments to safety, environment and solidarity.

The Group is therefore maintaining a substantial investment program for 2009 with a budget of approximately 14 billion euros⁽¹⁾ (18 billion dollars, an amount similar to 2008). 75% of the budget is allocated to Upstream, the priority growth sector.


(¹)		Including net investments in non-consolidated companies and equity affiliates, excluding acquisitions and divestments and based on 1€ = $1.30 for 2009.

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

In addition, the research and development effort is continuing to grow with a 2009 budget of 800 million euros.

In parallel, Total initiated plans in all of its segments to reduce costs and upgrade its industrial base.

Finally, the continuous improvement in safety and environmental performance remains a priority for Total.

Christophe de Margerie concluded on the Group’s will to pursue its solidarity programs wherever it operates, a commitment all the more important in a period of economic crisis as shown by the recent creation in France of a community development fund for young people.

The Group’s social commitment is consistent with its status as a leading worldwide industrial firm.

*******

At the close of the Annual Shareholders Meeting, the Board decided to reinstate Mr. Christophe de Margerie to the position of Chief Executive Officer.

*******

EX-99.10 11 y03090exv99w10.htm EX-99.10: NEW OFFSHORE EXPLORATION PERMIT FOR TOTAL IN THE NILE BASIN, EGYPT EX-99.10

Exhibit 99.10

TOTAL
2, place Jean Millier
La Défense 6
92 400 Courbevoie France
Fax : + 33 (0) 1 47 44 68 21

Isabelle DESMET
Tel.: + 33 (0) 1 47 44 37 76

Paul FLOREN
Tel.: + 33 (0) 1 47 44 45 91

Christine de CHAMPEAUX
Tel.: + 33 (0) 1 47 44 47 49

Kevin CHURCH
Tel.: + 33 (0) 1 47 44 70 62

Michaël CROCHET-VOUREY
Tel.: + 33 (0) 1 47 44 81 33

Sandra DANTE
Tel.: + 33 (0) 1 47 44 46 07

Philippe GATEAU
Tel.: + 33 (0) 1 47 44 47 05

Elisabeth de REALS
Tel.: + 33 (0) 1 47 44 51 55

Phénélope SEMAVOINE
Tel.: + 33 (0) 1 47 44 76 29

Lisa WYLER
Tel.: + 33 (0) 1 47 44 38 16

TOTAL S.A.
Capital 5 929 520 185 euros
542 051 180 R.C.S. Nanterre

www.total.com

Egypt: Total enters into an offshore exploration permit
in the Nile Basin

Paris, May 18, 2009 — Total announces that, within the framework of the EGAS 2008 international bid round organized by the Egyptian authorities, it has been awarded a 90% participation in and the operatorship of Block 4 (East El Burullus Offshore) in conjunction with partner ENEL (10%). This award is subject to approval by the competent authorities.

This block is located in the Mediterranean Sea, in the Nile Basin, and covers an area of 2,516 square kilometres, and is situated approximately 70 kilometres from the coast in water depths varying from 100 to 1,600 metres. The Nile basin is a prolific area where numerous gas discoveries have already been made.

The permit is for an initial exploration period of four years, and will include 3D seismic surveys and the drilling of exploration wells.

Total in Egypt and North Africa

This award brings Total back to Exploration and Production in Egypt, where it was previously present between 1975 and 2001. Total intends to bring its experience of deepwater developments to Egypt. Total is also present in downstream, through its marketing subsidiary Total Egypte.

In North Africa, Total is present in Exploration and Production: in Libya with exploration and production assets located offshore and onshore, and in Algeria with onshore gas production permits.

*******

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