Exhibit 99.4

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,
(Amounts in millions of euros)	2011			2010			2009			2008			2007
	(unaudited)
Net income		12,276			10,571			8,447			10,590			13,181
Income tax expenses		14,073			10,228			7,751			14,146			13,575
Non-controlling interest		305			236			182			363			354
Equity in income of affiliates (in excess of)/ less than dividends received		(107	)		(470	)		(378	)		(311	)		(821	)
Interest expensed		619			416			450			779			1,547
Estimate of the interest within rental expense		215			202			204			142			128
Amortization of capitalized interest		201			239			129			115			108
Total		27,582			21,422			16,785			25,824			28,072
Interest expensed		619			416			450			779			1,547
Capitalized interest		176			118			141			317			321
Estimate of the interest within rental expense		215			202			204			142			128
Preference security dividend requirements of consolidated subsidiaries		—			—			—			—			—
Fixed charges		1,010			736			795			1,238			1,996
Ratio of Earnings to fixed charges		27.31			29.11			21.11			20.86			14.06