EX-99.4 6 y00416exv99w4.htm TOTALFINAELF'S SALES exv99w4
 

Exhibit 99.4

TOTALFINAELF’s SALES IN THE FIRST QUARTER OF 2002

1.     CONSOLIDATED SALES

                   
      2002   2001
      TOTALFINAELF   TOTALFINAELF
      (million euros)   (million euros)
UPSTREAM
                
 
First quarter
     6,749       7,337  
DOWNSTREAM
                
 
First quarter
     15,268       18,515  
CHEMICALS
                
 
First quarter
     4,823       5,378  
HOLDING
                
 
First quarter
     28       19  
Consolidation eliminations of internal sales
                
 
First quarter
     – 3,084       – 3,927  
CONSOLIDATED SALES
                
 
First quarter
     23,784       27,322  

The average Brent oil price fell by 18% to $21.1/b in the first quarter 2002 from $25.8/b in the first quarter 2001. European refining margins fell to one–sixth of the year–ago level to reach $2.4/t in the first quarter 2002, and petrochemical margins decreased to historic lows. Partially offsetting these impacts was a 5% increase in the dollar relative to the euro, with the average exchange rate settling to $0.88 per euro in the first quarter 2002.

 

2.    PARENT COMPANY’s SALES

                   
      2002   2001
      (million euros)   (million euros)
OIL & GAS SALES
                
 
First quarter
     935       1,112  
SERVICES PERFORMED
                
 
First quarter
     212       198  
GLOBAL AMOUNT
                
 
First quarter
     1,147       1,310  
 
 
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