Form 6-K

0001193125-12-420601.txt : 20121011 0001193125-12-420601.hdr.sgml : 20121011 20121011103602 ACCESSION NUMBER: 0001193125-12-420601 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20121011 FILED AS OF DATE: 20121011 DATE AS OF CHANGE: 20121011 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: 121139274 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 d422993d6k.htm FORM 6-K Form 6-K

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: July 19, 2012 to October 10, 2012

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 x Form 40-F ¨

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): ¨

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): ¨

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 ¨ No x

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:		Total Launches Tempa Rossa Field Development in Italy, Italy
EX 99.2:		Total announces a second quarter 2012 interim dividend of €0.59 per share, France
EX 99.3:		Second Quarter Results 2012, France
EX 99.4:		Total acquires interest in two exploration Blocks in Kurdistan Region of Iraq, Iraq
EX 99.5:		Total to sell an interest in Block 14 to INPEX, Angola
EX 99.6:		Total acquires a 75% interest in offshore Block SC56, Philippines
EX 99.7:		Reduction in Fuel Prices in France: Total adds up to 3 Cents to the Government Price Cut, France
EX 99.8:		Total Enters Exploration in Bulgaria with Award of the Khan Asparuh Offshore License, Bulgaria
EX 99.9:		Total Acquires a 40% Interest in Offshore Block M-11, Myanmar
EX 99.10:		Total Signs a Commercial Agreement with Kogas for LNG from the Sabine Pass Terminal, United States
EX 99.11:		Total farms into the Rovuma Basin, Mozambique
EX 99.12:		Total, outlook and objectives, France
EX 99.13:		Total, Driver of the Automotive changes - Inauguration of the Group Stand at the Paris Motor Show, France
EX 99.14:		Total supports its employees in improving the energy efficiency of their homes, France
EX 99.15:		Total starts-up production at the Atla field, Norway
EX 99.16:		Total exchanges assets with ExxonMobil in the North Sea, Norway
EX 99.17:		Total acquires interests in exploration blocks, Papua New Guinea
EX 99.18:		Total signs two Production Sharing Contracts for Telen and Bengkulu I - Mentawai Exploration Blocks, Indonesia

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: October 11, 2012	By:	/s/ HUMBERT DE WENDEL
	Name:	Humbert de WENDEL
	Title:	Treasurer

EXHIBIT INDEX



Ø	EXHIBIT 99.1:	Italy: Total Launches Tempa Rossa Field Development in Italy (July 25, 2012)

Ø	EXHIBIT 99.2:	France: Total announces a second quarter 2012 interim dividend of €0.59 per share (July 27, 2012)

Ø	EXHIBIT 99.3:	France: Second Quarter Results 2012 (July 27, 2012)

Ø	EXHIBIT 99.4:	Iraq: Total acquires interest in two exploration Blocks in Kurdistan Region of Iraq (July 31, 2012)

Ø	EXHIBIT 99.5:	Angola: Total to sell an interest in Block 14 to INPEX (August 21, 2012)

Ø	EXHIBIT 99.6:	Philippines: Total acquires a 75% interest in offshore Block SC56 (August 23, 2012)

Ø	EXHIBIT 99.7:	France: Reduction in Fuel Prices in France: Total adds up to 3 Cents to the Government Price Cut (August 29, 2012)

Ø	EXHIBIT 99.8:	Bulgaria: Total Enters Exploration in Bulgaria with Award of the Khan Asparuh Offshore License (August 29, 2012)

Ø	EXHIBIT 99.9:	Myanmar: Total Acquires a 40% Interest in Offshore Block M-11 (September 3, 2012)

Ø	EXHIBIT 99.10:	United States: Total Signs a Commercial Agreement with Kogas for LNG from the Sabine Pass Terminal in the United States (September 13, 2012)

Ø	EXHIBIT 99.11:	Mozambique: Total farms into the Rovuma Basin (September 24, 2012)

Ø	EXHIBIT 99.12:	France: Total, outlook and objectives (September 24, 2012)

Ø	EXHIBIT 99.13:	France: Total, Driver of the Automotive changes - Inauguration of the Group Stand at the Paris Motor Show (September 27, 2012)

Ø	EXHIBIT 99.14:	France: Total supports its employees in improving the energy efficiency of their homes (October 5, 2012)

Ø	EXHIBIT 99.15:	Norway: Total starts-up production at the Atla field (October 8, 2012)

Ø	EXHIBIT 99.16:	Norway: Total exchanges assets with ExxonMobil in the North Sea (October 8, 2012)

Ø	EXHIBIT 99.17:	Papua New Guinea: Total acquires interests in exploration blocks (October 9, 2012)

Ø	EXHIBIT 99.18:	Indonesia: Total signs two Production Sharing Contracts for Telen and Bengkulu I - Mentawai Exploration Blocks (October 9, 2012)

EX-99.1 2 d422993dex991.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Christine de CHAMPEAUX

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital

5,909,418,282.50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total Launches Tempa Rossa Field Development in Italy

Paris, July, 25, 2012 – Total has made the final investment decision for the Tempa Rossa field in the Basilicata region of southern Italy.

Operated by Total (75%) alongside Shell (25%), the Tempa Rossa field is scheduled to come on stream in early 2016, producing 50,000 barrels of oil per day at plateau, along with 230,000 cubic meters of natural gas and 240 metric tons of LPG. Italy’s oil production will increase nearly 40% as a result. The project represents an investment of €1.6 billion.

“Development of the Tempa Rossa field is a significant achievement for Total. It is one more in a long line of projects whose start-up will sustain the Group’s production growth in the next few years,” commented Yves-Louis Darricarrère, President of Total Exploration & Production. “The field has significant potential and will make a strategic contribution to regional economic development.”

The project consists of building a production and processing center for the oil and gas, an LPG storage center, and a tie-in to the Val d’Agri-Taranto pipeline, which will carry the oil to the Taranto refinery in the Apulia region, from which it will be exported. The capacity of the oil pipeline and the refinery’s tank farm and port terminal will be expanded to handle the increase.

Tempa Rossa is located in the southern Apennines, at an altitude of 1,000 meters. Lying more than 4,000 meters beneath the surface, the field will be produced using eight wells, six of which have already been drilled.

In Italy, as in all its host countries, Total’s core concerns are ensuring the safety of people and assets, safeguarding the environment and supporting local communities.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Christine de CHAMPEAUX

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 909 418 282,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total in Italy

Total is present across the oil value chain and in Chemicals and photovoltaic solar energy in Italy. Total E&P Italia SpA, the Group’s local exploration and production affiliate, also has interests in five exploration licenses located in the same region as the Tempa Rossa project.

Total’s main presence in the Supply & Marketing sector is through TotalErg, Italy’s number three petroleum product operator with a nearly 12% market share.

* * * * *

Total is one of the largest integrated oil and gas companies in the world, with activities in more than 130 countries. The Group is also a first rank player in chemicals. Its 96,000 employees put their expertise to work in every part of the industry – exploration and production of oil and natural gas, refining and marketing, new energies, trading, and chemicals. Total is working to help satisfy the global demand for energy, both today and tomorrow. www.total.com

EX-99.2 3 d422993dex992.htm EXHIBIT 99.2 Exhibit 99.2

Exhibit 99.2

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Michaël CROCHET-VOUREY

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

Sandra DANTE

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

Christine de CHAMPEAUX

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5,909,418,282.50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total announces a second quarter 2012 interim dividend

of €0.59 per share

Paris, July 27, 2012 – The Board of Directors of Total approved a second quarter 2012 interim dividend of €0.59/share, an increase of 3.5% from the previous quarter, payable in euros according to the following timetable:


Ex-dividend date		December 17, 2012
Record date		December 19, 2012
Payment date		December 20, 2012

American Depository Receipts (“ADRs”) will receive the second quarter 2012 interim dividend in dollars based on the then-prevailing exchange rate according to the following timetable:


Ex-dividend date		December 12, 2012
Record date		December 14, 2012
Payment date		January 10, 2013

Registered ADR holders may also contact The Bank of New York Mellon for additional information. Non-registered ADR holders should contact their broker, financial intermediary, bank, or financial institution for additional information.

* * * * *

EX-99.3 4 d422993dex993.htm EXHIBIT 99.3 Exhibit 99.3

Exhibit 99.3

LOGO

2, place Jean Millier

La Défense 6

92 400 Courbevoie France

Tel.: (33) 1 47 44 58 53

Fax: (33) 1 47 44 58 24

Martin DEFFONTAINES

Laurent KETTENMEYER

Matthieu GOT

Karine KACZKA

Robert PERKINS

Robert HAMMOND (U.S.)

Tel. : (1) 713-483-5070

Fax : (1) 713-483-5629

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Paris, July 27, 2012

Second quarter and first half 2012 results

2Q12

Change
vs 2Q11

1H12

Change
vs 1H11

Adjusted net income¹

- in billion euros (B€)

2.9

5.9

- in billion dollars (B$)

3.7

-9

7.7

-7

- in euros per share

1.26

2.62

- in dollars per share

1.62

-9

3.40

-7

Net Income (Group share) of 1.6 B€² in 2Q 2012 and 5.2 B€ in 1H12

Net-debt-to-equity ratio of 21.5% at June 30, 2012

Hydrocarbon production of 2,261 kboe/d in 2Q 2012

Interim dividend for 2Q12 increased by 3.5% to 0.59 € per share payable in December 2012³

Commenting on the results, Chairman and CEO Christophe de Margerie said:

« Despite a decline in crude prices, the Group reported adjusted net income of 2.9 billion euros in the second quarter, a modest increase compared to the same quarter last year. In contrast, Refining & Chemicals enjoyed an improved environment and was able to capitalize on higher refining margins in Europe.

In Upstream, the Group was impacted by incidents in the UK North Sea, Nigeria, and Yemen. Total responded to these events responsibly and transparently, demonstrating the priority it places on safety and the environment. The second quarter was also marked by successes. The Group started-up production on Islay, Bongkot South, and Halfaya. New offshore exploration licenses acquired in Uruguay, Kenya, and most recently Bulgaria add to Total’s portfolio of high-potential acreage. Finally, by increasing its share of the Ichthys project in Australia, Total strengthened its already prominent role in fast-growing Asian markets and solidified its position among the worldwide leaders in LNG.

Amid a challenging economic environment, it is with confidence that Total faces the second half of 2012, supported by the strength of its balance sheet and the dedication of its teams which allow the Group to develop and execute high-value projects in each segment. »

Adjusted results defined on page 2 - dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period: 1.2814 $/€ for the second quarter 2012, 1.4391 $/€ for the second quarter 2011, 1.3108 $/€ for the first quarter 2012, 1.2965 $/€ for the first half 2012 and 1.4032 $/€ for the first half 2011.

²	Includes negative impact of after-tax inventory effect of 959 M€ in the second quarter 2012. Details of adjustments on pages 4 and 17.

³	The ex-dividend date for the interim dividend will be December 17, 2012 and the payment date will be December 20, 2012.

•

Key figures⁴


2Q12		1Q12		2Q11		2Q12 vs 2Q11			in millions of euros except earnings per share and number of shares	1H12		1H11		1H12 vs 1H11
	49,135		51,168		45,009		+9	%	Sales		100,303		91,038		+10	%
	5,793		6,779		5,896		-2	%	Adjusted operating income from business segments		12,572		12,265		+3	%
	3,124		3,257		2,901		+8	%	Adjusted net operating income from business segments		6,381		6,264		+2	%

	2,500		2,939		2,457		+2	%	• Upstream		5,439		5,306		+3	%
	383		61		180		x2.1		• Refining & Chemicals		444		446		-
	241		257		264		-9	%	• Supply & Marketing		498		512		-3	%
	2,858		3,074		2,794		+2	%	Adjusted net income		5,932		5,898		+1	%
	1.26		1.36		1.24		+2	%	Adjusted fully-diluted earnings per share (euros)		2.62		2.62		-
	2,264		2,265		2,256		-		Fully-diluted weighted-average shares (millions)		2,264		2,252		+1	%
	1,585		3,662		2,726		-42	%	Net income (Group share)		5,247		6,672		-21	%
	4,964		5,940		7,570		-34	%	Investments⁵		10,904		13,253		-18	%
	980		1,690		1,338		-27	%	Divestments		2,670		2,001		+33	%
	3,984		4,250		6,232		-36	%	Net investments		8,234		11,252		-27	%
	6,167		5,267		5,064		+22	%	Cash flow from operations		11,434		10,778		+6	%
	4,768		5,095		4,675		+2	%	Adjusted cash flow from operations		9,863		9,620		+3	%

2Q12		1Q12		2Q11		2Q12 vs 2Q11			in millions of dollars ⁶ except earnings per share and number of shares	1H12		1H11		1H12 vs 1H11
	62,962		67,071		64,772		-3	%	Sales		130,043		127,745		+2	%
	7,423		8,886		8,485		-13	%	Adjusted operating income from business segments		16,300		17,210		-5	%
	4,003		4,269		4,175		-4	%	Adjusted net operating income from business segments		8,273		8,790		-6	%

	3,204		3,852		3,536		-9	%	• Upstream		7,052		7,445		-5	%
	491		80		259		+89	%	• Refining & Chemicals		576		626		-8	%
	309		337		380		-19	%	• Supply & Marketing		646		718		-10	%
	3,662		4,029		4,021		-9	%	Adjusted net income		7,691		8,276		-7	%
	1.62		1.78		1.78		-9	%	Adjusted fully-diluted earnings per share (dollars)		3.40		3.67		-7	%
	2,264		2,265		2,256		-		Fully-diluted weighted-average shares (millions)		2,264		2,252		+1	%
	2,031		4,800		3,923		-48	%	Net income (Group share)		6,803		9,362		-27	%
	6,361		7,786		10,894		-42	%	Investments⁵		14,137		18,597		-24	%
	1,256		2,215		1,926		-35	%	Divestments		3,462		2,808		+23	%
	5,105		5,571		8,968		-43	%	Net investments		10,675		15,789		-32	%
	7,902		6,904		7,288		+8	%	Cash flow from operations		14,824		15,124		-2	%
	6,110		6,679		6,728		-9	%	Adjusted cash flow from operations		12,787		13,499		-5	%

⁴

Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value. Adjusted cash flow from operations is defined as cash flow from operations before changes in working capital at replacement cost; adjustment items are on page 17 and the inventory valuation effect is explained on page 14.

⁵	Including acquisitions.

⁶	Dollar amounts represent euro amounts converted at the average €-$ exchange rate for the period.

•

Highlights since the beginning of the second quarter 2012

•

Start-up of Bongkot South in Thailand, Islay in the UK and Halfaya in Iraq

•

New gas and condensate discovery on the King Lear prospect in the Norwegian North Sea

•

Launched new development phase of the Yucal Placer gas field in Venezuela and the development of Tempa Rossa in Italy

•

Successful well intervention to stop the gas leak on the Elgin platform in the UK North Sea

•

Increased stake from 24% to 30% in the Ichthys LNG project in Australia

•

Acquired exploration licenses in Uruguay, Kenya and Bulgaria

•

Total became operator of the Xerelete block in Brazil

•

Issued notice of commerciality for the Absheron gas discovery in Azerbaijan

•

Results for the second quarter 2012

> Operating income from business segments

In the second quarter 2012, the Brent price averaged 108.3 $/b, a decrease of 7% compared to the second quarter 2011 and 9% compared to the first quarter 2012. The European refining margin indicator (ERMI) averaged 38.2 $/t, more than double compared to the second quarter 2011 and an increase of 83% compared to the first quarter 2012. In the second quarter 2012, the environment for petrochemicals improved in Europe and the environment for specialty chemicals remained satisfactory.

The euro-dollar exchange rate averaged 1.28 $/€ in the second quarter 2012, 1.44 $/€ in the second quarter 2011 and 1.31 $/€ in the first quarter 2012. Expressed in euros, the Brent price averaged 84.5 €/b, an increase of 4% compared to the second quarter 2011.

In this environment, the adjusted operating income⁷ from the business segments was 5,793 M€, a decrease of 2% compared to the second quarter 2011. Expressed in dollars, the decrease was 13%.

The effective tax rate⁸ for the business segments was 55.1% in the second quarter 2012 compared to 59.3% in the second quarter 2011, essentially due to a decrease in the effective tax rate for the Upstream and the increased contribution of the downstream activities to the Group results.

Adjusted net operating income from the business segments was 3,124 M€ compared to 2,901 M€ in the second quarter 2011, an increase of 8%.

Expressed in dollars, adjusted net operating income from the business segments was 4.0 billion dollars (B$), a decrease of 4% compared to the second quarter 2011. This decrease essentially resulted from the decrease in Upstream results, partially offset by the improved performance of Refining & Chemicals.

⁷	Special items affecting operating income from the business segments had a negative impact of 66 M€ in the second quarter 2012 and a negative impact of 63 M€ in the second quarter 2011.

⁸	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).

> Net income (Group share)

Adjusted net income was 2,858 M€ in the second quarter 2012 compared to 2,794 M€ in the second quarter 2011, an increase of 2%. Expressed in dollars, adjusted net income decreased by 9%.

Adjusted net income excludes the after-tax inventory effect, special items and the effect of changes in fair value⁹:

•

The after-tax inventory effect had a negative impact on net income of 959 M€ in the second quarter 2012 and a negative impact of 74 M€ in the second quarter 2011.

•

Changes in fair value had a positive impact on net income of 9 M€ in the second quarter 2012 compared with a negative impact of 41 M€ in the second quarter 2011.

•

Special items had a negative impact on net income of 323 M€ in the second quarter 2012. As previously indicated in its Registration Document, Total has been cooperating with the United States Securities and Exchange Commission (SEC) and the United States Department of Justice (DOJ) in connection with an investigation concerning gas contracts awarded in Iran in the 1990s. Total, the SEC and the DOJ have conducted discussions to resolve issues arising from the investigation. In light of recent progress in these discussions, Total has provisioned 316 M€ in its accounts in the second quarter of 2012. Special items had a positive impact on net income of 47 M€ in the second quarter 2011.

Net income (Group share) was 1,585 M€ compared to 2,726 M€ in the second quarter 2011.

The effective tax rate for the Group was 56.1% in the second quarter 2012.

Adjusted fully-diluted earnings per share, based on 2,264 million fully-diluted weighted-average shares, increased by 2% to €1.26 compared to €1.24 in the second quarter 2011.

Expressed in dollars, adjusted fully-diluted earnings per share decreased by 9% to $1.62.

> Investments – divestments¹⁰

Investments, excluding acquisitions and including changes in non-current loans, were 4.4 B€ (5.6 B$) in the second quarter 2012 compared to 3.5 B€ (5.0 B$) in the second quarter 2011.

Acquisitions were 437 M€ in the second quarter 2012, comprised essentially of the acquisition of an additional 1% of Novatek and the carry in the Utica shale gas and condensates project in the US.

Asset sales in the second quarter 2012 were 834 M€, including mainly the sale of Sanofi shares.

Net investments¹¹ were 4.0 B€ (5.1 B$) in the second quarter 2012 compared to 6.2 B€ (9.0 B$) in the second quarter 2011.

⁹	Adjustment items explained on page 14.

¹⁰	Detail shown on page 18.

¹¹	Net investments = investments including acquisitions and changes in non-current loans – asset sales.

> Cash flow

Cash flow from operations was 6,167 M€ in the second quarter 2012 compared to 5,064 M€ the second quarter 2011, essentially resulting from a change in working capital requirements.

Adjusted cash flow from operations¹² was 4,768 M€, an increase of 2% compared to the second quarter 2011. Expressed in dollars, adjusted cash flow from operations was 6.1 B$, a decrease of 9%.

The Group’s net cash flow¹³ was a positive 2,183 M€ compared to a negative 1,168 M€ in the second quarter 2011. Expressed in dollars, the Group’s net cash flow was a positive 2.8 B$ in the second quarter 2012 compared to a negative 1.7 B$ in the second quarter 2011, reflecting essentially a reduced level of acquisitions.

¹²	Cash flow from operations at replacement cost before changes in working capital.

¹³	Net cash flow = cash flow from operations - net investments.

•

First half 2012 results

> Operating income from business segments

Compared to the first half 2011, the average Brent price increased by 2% to 113.6 $/b. The European refining margin indicator (ERMI) averaged 29.5 $/t compared to 20.4 $/t in the first half 2011.

The euro-dollar exchange rate averaged 1.30 $/€ compared to 1.40 $/€ in the first half 2011. Expressed in euros, the Brent price averaged 87.6 €/b, an increase of 11% compared to the first half 2011.

In this environment, the adjusted operating income from the business segments was 12,572 M€, an increase of 3% compared to the first half 2011¹⁴.

The effective tax rate for the business segments was 57.8% in the first half 2012 compared to 56.9% in the first half 2011.

Adjusted net operating income from the business segments was 6,381 M€ compared to 6,264 M€ in the first half 2011, an increase of 2%.

Expressed in dollars, adjusted net operating income from the business segments decreased by 6%. This decrease essentially resulted from the decrease in Upstream results driven by a less favorable production mix.

> Net income (Group share)

Adjusted net income was 5,932 M€ in the first half 2012, an increase of 1% compared to 5,898 M€ in the first half 2011. Expressed in dollars, adjusted net income decreased by 7%.

Adjusted net income excludes the after-tax inventory effect, special items and the effect of changes in fair value¹⁵:

•

The after-tax inventory effect had a negative impact on net income of 369 M€ in the first half 2012 and a positive impact of 872 M€ in the first half 2011.

•

Changes in fair value had a negative impact on net income of 11 M€ in the first half 2012 and a positive impact of 22 M€ in the first half 2011.

•

Special items had a negative impact on net income of 305 M€ in the first half 2012 and a negative impact on net income of 120 M€ in the first half 2011.

Net income (Group share) was 5,247 M€ compared to 6,672 M€ in the first half 2011.

On June 30, 2012, there were 2,264 million fully-diluted shares compared to 2,258 on June 30, 2011.

Adjusted fully-diluted earnings per share, based on 2,264 million fully-diluted weighted-average shares, was €2.62, stable compared to the first half 2011.

Expressed in dollars, adjusted fully-diluted earnings per share was $3.40 compared to $3.67 in the first half 2011, a decrease of 7%.

¹⁴	Special items affecting operating income from the business segments had a negative impact of 66 M€ in the first half 2012 and a negative impact of 63 M€ in the first half 2011.

¹⁵	Adjustment items explained on page 14.

> Investments – divestments¹⁶

Investments, excluding acquisitions and including changes in non-current loans, were 8.3 B€ (10.7 B$) in the first half 2012 compared to 6.3 B€ (8.8 B$) in the first half 2011.

Acquisitions were 2.3 B€ (2.9 B$) in the first half 2012, comprised essentially of the acquisition of exploration and production interests in Uganda, an additional 1.1% stake in Novatek, an exploration license in Angola, the minority interest in Fina Antwerp Olefins and the carry in the Utica shale gas and condensates project in the US.

Asset sales in the first half 2012 were 2.3 B€ (3.0 B$), comprised essentially of sales of Sanofi shares, a stake in the Gassled pipeline in Norway, Upstream assets in France, and stakes in Composites One in the US and Pec-Rhin in France.

Net investments were 8.2 B€ (10.7 B$) in the first half 2012, compared to 11.3 B€ (15.8 B$) in the first half 2011.

> Cash flow

Cash flow from operations was 11,434 M€ in the first half 2012, an increase of 6% compared to the first half 2011, essentially resulting from a change in working capital requirements.

Adjusted cash flow from operations¹⁷ was 9,863 M€, an increase of 3%. Expressed in dollars, adjusted cash flow from operations was 12.8 B$, a decrease of 5%.

The Group’s net cash flow¹⁸ was a positive 3,200 M€ compared to a negative 474 M€ in the first half 2011. Expressed in dollars, the Group’s net cash flow was a positive 4.1 B$ in the first half 2012.

The net-debt-to-equity ratio was 21.5% on June 30, 2012, compared to 24.3% on June 30, 2011¹⁹, in line with the Group’s target range.

¹⁶	Detail shown on page 18.

¹⁷	Cash flow from operations at replacement cost before changes in working capital.

¹⁸	Net cash flow = cash flow from operations - net investments.

¹⁹	Detail shown on page 19.

•

Analysis of business segment results

Upstream

> Environment – liquids and gas price realizations*


2Q12		1Q12		2Q11		2Q12 vs 2Q11				1H12		1H11		1H12 vs 1H11
	108.3		118.6		117.0		-7	%	Brent ($/b)		113.6		111.1		+2	%
	101.6		115.2		110.6		-8	%	Average liquids price ($/b)		108.3		104.6		+4	%
	7.10		7.16		6.60		+8	%	Average gas price ($/Mbtu)		7.10		6.39		+11	%
	76.0		82.1		76.9		-1	%	Average hydrocarbons price ($/boe)		79.0		74.1		+7	%

*	consolidated subsidiaries, excluding fixed margins. Effective first quarter 2012, over/under-lifting valued at market prices.

> Production


2Q12		1Q12		2Q11		2Q12 vs 2Q11			Hydrocarbon production	1H12		1H11		1H12 vs 1H11
	2,261		2,372		2,311		-2	%	Combined production (kboe/d)		2,317		2,341		-1	%
	1,218		1,229		1,197		+2	%	• Liquids (kb/d)		1,224		1,245		-2	%
	5,722		6,226		6,077		-6	%	• Gas (Mcf/d)		5,974		5,979		-

Hydrocarbon production was 2,261 thousand barrels of oil equivalent per day (kboe/d) in the second quarter 2012, a decrease of 2% compared to the second quarter 2011, essentially as a result of:

•

+4.5% for growth from new projects,

•

-1% for normal decline, partially offset by lower scheduled maintenance,

•

-3.5% for incidents in the UK North Sea and Nigeria,

•

-2% for disruptions related to security conditions in Yemen and the production shut-down in Syria, net of the positive effect of the return of production in Libya,

•

changes in the portfolio, essentially an increase in the stake in Novatek and the sale of CEPSA, had no impact on the quarter.

In the first half 2012, hydrocarbon production was 2,317 kboe/d, a decrease of 1% compared to the first half 2011, essentially as a result of:

•

+3.5% for growth from new projects,

•

+2.5% for changes in the portfolio, comprised of integrating the share of Novatek production partially offset by the impact of the sale of CEPSA and the exploration-production subsidiary in Cameroon,

•

-3% for normal decline, partially offset by lower scheduled maintenance,

•

-2% for incidents in the UK North Sea and Nigeria,

•

-2% for disruptions related to security conditions in Yemen and the production shut-down in Syria, net of the positive effect of the return of production in Libya.

Results


2Q12		1Q12		2Q11			2Q12 vs 2Q11			In millions of euros	1H12		1H11			1H12 vs 1H11
	4,998		6,457		5,390			-7	%	Adjusted operating income*		11,455		11,211			+2	%
	2,500		2,939		2,457			+2	%	Adjusted net operating income*		5,439		5,306			+3	%
	414		484		366			+13	%	• includes income from equity affiliates		898		740			+21	%

	4,278		5,368		6,868			-38	%	Investments		9,646		12,100			-20	%
	234		759		921			-75	%	Divestments		993		1,256			-21	%
	5,259		5,624		4,782	**		+10	%	Cash flow from operating activities		10,883		9,425	**		+15	%
	3,995		4,668		4,010			-		Adjusted cash flow		8,663		8,281			+5	%

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

**	reclassification of 823 M€ between Upstream and Holding segments relating to intra-Group operations having no impact on cash flow from operating activities.

Adjusted net operating income from the Upstream segment was 2,500 M€ in the second quarter 2012 compared to 2,457 M€ in the second quarter 2011, an increase of 2%. Expressed in dollars, the decrease of 9% is explained principally by the decrease in certain downstream gas activities and a less favorable production mix. In particular, the Group estimates that the loss of production relating to Elgin represents a negative impact of 130 M$ on the net operating income of the Upstream segment in the second quarter 2012.

The effective tax rate for the Upstream segment was 58.4% compared to 61.6% in the second quarter 2011, essentially due to income contribution mix. The effective tax rate for the Upstream segment was 62.1% in the first quarter 2012.

Adjusted net operating income from the Upstream segment in the first half 2012 was 5,439 M€ compared to 5,306 M€ in the first half 2011, an increase of 3%. Expressed in dollars, adjusted net operating income from the Upstream segment was 7,052 M$, a decrease of 5% compared to the first half 2011, explained principally by the decrease in certain downstream gas activities and a less favorable production mix.

The return on average capital employed (ROACE²⁰) for the Upstream segment was 20% for the twelve months ended June 30, 2012, stable compared to the ROACE calculated for the twelve months ended March 31, 2012, and for the full year 2011.

The annualized second quarter 2012 ROACE for the Upstream segment was 17%.

Calculated

based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 20.

Refining & Chemicals

> Refinery throughput and utilization rates*


2Q12		1Q12			2Q11			2Q12 vs 2Q11				1H12			1H11			1H12 vs 1H11
	1,878		1,830			1,855			+1	%	Total refinery throughput (kb/d)		1,855			1,934			-4	%
	752		692			692			+9	%	• France		722			719			-
	876		879			877			-		• Rest of Europe		878			962			-9	%
	250		259			286			-13	%	• Rest of world		255			253			+1	%
											Utilization rates**
	86%		82	%		75	%				• Based on crude only		84	%		77	%
	90%		88	%		79	%				• Based on crude and other feedstock		89	%		82	%

*	includes share of CEPSA through July 31, 2011 and of TotalErg. Results for refineries in South Africa, French Antilles and Italy are reported in the Supply & Marketing segment.

**	based on distillation capacity at the beginning of the year

In the second quarter 2012, refinery throughput increased by 1% compared to the second quarter 2011 and by 3% compared to the first quarter 2012. In the second quarter 2012, throughput was impacted mainly by scheduled turnarounds at the Provence and Feyzin refineries, and a streamcracker at the Antwerp platform.

The utilization rate based on crude and other feedstock was 90% in the second quarter 2012 compared to 88% in the first quarter 2012 and 79% in the second quarter 2011.

In the first half 2012, despite improved utilization rates, refinery throughput decreased by 4% compared to the first half 2011, reflecting essentially scheduled turnarounds in the first half 2012 and the portfolio effect relating to the sale of the Group’s interest in CEPSA at the end of July 2011.

> Results


2Q12		1Q12			2Q11		2Q12 vs 2Q11			in millions of euros (except the ERMI)	1H12		1H11		1H12 vs 1H11
	38.2		20.9			16.3		X2.3		European refining margin indicator - ERMI ($/t)		29.5		20.4		+45	%
	465		(47	)		145		X3.2		Adjusted operating income*		418		434		-4	%
	383		61			180		X2.1		Adjusted net operating income*		444		446		-
	100		91			98		+2	%	• contribution of specialty chemicals**		191		203		-6	%
	501		429			519		-3	%	Investments		930		863		+8	%
	7		141			13		-46	%	Divestments		148		29		X5.1
	625		(36	)		180		X3.5		Cash flow from operating activities		589		1,238		-52	%
	599		128			336		+78	%	Adjusted cash flow		727		779		-7	%

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

**	Hutchinson, Bostik, Atotech ; including coatings and photocure resins until they were sold in July 2011.

The European refining margin indicator (ERMI) averaged 38.2 $/t in the second quarter 2012, more than double the average of the second quarter 2011. Petrochemical margins also recovered in the second quarter as a result of the decline in crude prices and reduced supply due to the number of scheduled turnarounds.

Adjusted net operating income from the Refining & Chemicals segment was 383 M€ in the second quarter 2012, compared to 180 M€ in the second quarter 2011. This increase is explained essentially by a more favorable environment and the improvement in utilization rates.

Adjusted net operating income from the Refining & Chemicals segment in the first half 2012 was 444 M€, stable compared to the first half 2011. Expressed in dollars, adjusted net operating income was 576 M$, a decrease of 8% compared to the first half 2011. Although refining margins in Europe improved in the second quarter 2012, the results were also impacted by the sale of the Group’s interest in CEPSA at the end of July 2011 and a very difficult environment for petrochemicals in Europe in the first quarter 2012.

The ROACE²¹ for the Refining & Chemicals segment was 5% for the twelve months ended June 30, 2012, compared to 4% for the twelve months ended March 31, 2012, and 5% for the full year 2011.

The annualized second quarter 2012 ROACE for the Refining & Chemicals segment was 9%.

²¹	Calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 20.

Supply & Marketing

> Refined product sales


2Q12		1Q12		2Q11		2Q12 vs 2Q11			Sales in kb/d*	1H12		1H11		1H12 vs 1H11
	1,166		1,211		1,491		-22	%	Europe		1,189		1,561		-24	%
	524		529		534		-2	%	Rest of world		526		525		-
	1,690		1,740		2,025		-17	%	Total Supply & Marketing sales		1,715		2,085		-18	%

*	Excludes trading and bulk Refining sales, includes share of TotalErg and, through July 31, 2011, CEPSA

In the second quarter 2012, sales decreased by 17% compared to the second quarter 2011. This decrease is due to the sale of marketing activities in the UK, the sale of the Group’s interest in CEPSA in 2011, and the negative effect of mild weather conditions on European sales.

> Results


2Q12		1Q12			2Q11			2Q12 vs 2Q11			In millions of euros	1H12			1H11			1H12 vs 1H11
	21,020		21,411			20,753			+1	%	Sales		42,431			41,242			+3	%
	330		369			361			-9	%	Adjusted operating income*		699			620			+13	%
	241		257			264			-9	%	Adjusted net operating income*		498			512			-3	%
	161		136			152			+6	%	Investments		297			243			+22	%
	20		34			27			-26	%	Divestments		54			48			+13	%
	(101)		(302	)		(35	)		n/a		Cash flow from operating activities		(403	)		(79	)		n/a
	366		315			399			-8	%	Adjusted cash flow		681			605			+13	%

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

Supply & Marketing sales were 21.0 B€, an increase of 1% compared to the second quarter 2011.

Adjusted net operating income from the Supply & Marketing segment was 241 M€ in the second quarter 2012, a decrease of 9% compared to the second quarter 2011, essentially due to the sale of marketing activities in the UK.

Adjusted net operating income from the Supply & Marketing segment was 498 M€ in the first half 2012, a decrease of 3% compared to the first half 2011. Expressed in dollars, the adjusted net operating income was 646 M$, a decrease of 10% compared to the first half 2011.

The ROACE²² for the Supply & Marketing segment was 16% for the twelve months ended June 30, 2012, compared to 17% for the twelve months ended March 31, 2012, and 18% for the full-year 2011.

The annualized second quarter 2012 ROACE for the Supply & Marketing segment was 15%.

²²	Calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 20.

•

TOTAL S.A. parent company accounts

Net income for TOTAL S.A., the parent company, was 3,116 M€ in the first half 2012, compared to 3,157 M€ in the first half 2011.

•

Summary and outlook

The ROACE²³ for the Group for the twelve months ended June 30, 2012, was 15% compared to 16% for the twelve months ended March 31, 2012, and for the full year 2011.

Return on equity for the twelve months ended June 30, 2012, was 17.5%.

In the Upstream segment, exploration activities for the second half 2012 will be focused on assessing recent discoveries and preparing for new exploration wells in several promising plays, notably in the Gulf of Mexico, Ivory Coast, or the Norwegian North Sea. The upcoming start-ups in Angola, China, and Kazakhstan will add to the projects already in production.

After successfully addressing the incident on the Elgin platform, the Group entered a phase of evaluation and assessment which precedes resumption of production, and its status will be followed closely. Safety and protection of the environment remain priorities during this process.

Since the beginning of the third quarter, refining margins in Europe have been favorable. Refinery throughput during the second half 2012 will be impacted by the scheduled turnaround of the Normandy refinery starting in early September.

The Group will continue to optimize its portfolio across all business segments and to strengthen its competitiveness.

¿ ¿ ¿

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)203 367 9459 in Europe or +1 866 907 5924 in the U.S. For a replay, please consult the website or call +44(0)203 367 9460 in Europe or +1 877 642 3018 in the US (code: 277 551).

²³	Calculated based on adjusted net operating income and average capital employed, using replacement cost, as shown on page 20.

This document does not constitute the Financial Report for the first half which will be separately published, in accordance with article L.451-1-2 III of the French Code monétaire et financier, and is available on our web site www.total.com or upon request at the company’s headquarters.

The June 30, 2012 notes to the consolidated financial statements are available on the Total web site (www.total.com). This document may contain forward-looking statements, including within the meaning of the Private Securities Litigation Reform Act of 1995, notably 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. Neither TOTAL nor any of its subsidiaries assumes 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 with the French Autorité des Marchés Financiers and the U.S. Securities and Exchange Commission (“SEC”).

Financial information by business segment is reported in accordance with the internal reporting system and shows internal segment information that is used to manage and measure the performance of TOTAL.

Performance indicators excluding the adjustment items, such as adjusted operating income, adjusted net operating income, and adjusted net income are meant to facilitate the analysis of the financial performance and the comparison of income between periods.

Adjustment items include:

(i) Special items

Due to their unusual nature or particular 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, transactions such as restructuring costs or asset disposals, which are not considered to be representative of the normal course of business, may be qualified as special items although they may have occurred within prior years or are likely to occur again within the coming years.

(ii) Inventory valuation effect

The adjusted results of the Downstream and Chemicals segments are presented according to the replacement cost method. This method is used to assess the segments’ performance and facilitate the comparability of the segments’ performance with those of its competitors.

In the replacement cost method, which approximates the LIFO (Last-In, First-Out) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end prices differential between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is the difference between the results according to the FIFO (First-In, First-Out) and the replacement cost.

(iii) Effect of changes in fair value

As from January 1, 2011, the effect of changes in fair value presented as an adjustment item reflects for some transactions differences between internal measures of performance used by TOTAL’s management and the accounting for these transactions under IFRS.

IFRS requires that trading inventories be recorded at their fair value using period-end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices.

Furthermore, TOTAL, in its trading activities, enters into storage contracts, which future effects are recorded at fair value in Group’s internal economic performance. IFRS precludes recognition of this fair value effect.

The adjusted results (adjusted operating income, adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted for special items, excluding the effect of changes in fair value.

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 SEC permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with SEC rules. We may use certain terms in this presentation, 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 N° 1-10888, available from us at 2, place Jean Millier – La Défense 6 – 92078 Paris – La Défense Cedex, France, or at our Web site: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s Web site: www.sec.gov.

Operating information by segment

for second quarter and first half 2012

•

Upstream


2Q12		1Q12		2Q11		2Q12 vs 2Q11			Combined liquids and gas production by region (kboe/d)	1H12		1H11		1H12 vs 1H11
	429		499		475		-10	%	Europe		464		528		-12	%
	706		709		628		+12	%	Africa		707		659		+7	%
	477		511		571		-16	%	Middle East		494		576		-14	%
	69		68		66		+5	%	North America		69		67		+3	%
	187		182		190		-2	%	South America		185		188		-2	%
	213		214		241		-12	%	Asia-Pacific		213		241		-12	%
	180		189		140		+29	%	CIS		185		82		X2,3

	2,261		2,372		2,311		-2	%	Total production		2,317		2,341		-1	%

	578		628		605		-4	%	Includes equity affiliates and non-consolidated affiliates		603		552		+9	%
2Q12		1Q12		2Q11		2Q12 vs 2Q11			Liquids production by region (kb/d)	1H12		1H11		1H12 vs 1H11
	199		226		240		-17	%	Europe		212		251		-16	%
	573		566		484		+18	%	Africa		570		517		+10	%
	310		300		321		-3	%	Middle East		305		323		-6	%
	25		24		26		-4	%	North America		25		29		-14	%
	60		63		73		-18	%	South America		61		78		-22	%
	25		24		28		-11	%	Asia-Pacific		25		28		-11	%
	26		26		25		+4	%	CIS		26		19		+37	%

	1,218		1,229		1,197		+2	%	Total production		1,224		1,245		-2	%

	311		299		331		-6	%	Includes equity affiliates and non-consolidated affiliates		305		328		-7	%


2Q12		1Q12		2Q11		2Q12 vs 2Q11			Gas production by region (Mcf/d)	1H12		1H11		1H12 vs 1H11
	1,264		1,492		1,284		-2	%	Europe		1,378		1,512		-9	%
	674		730		734		-8	%	Africa		702		726		-3	%
	916		1,143		1,355		-32	%	Middle East		1,029		1,372		-25	%
	253		247		226		+12	%	North America		249		215		+16	%
	759		663		650		+17	%	South America		711		611		+16	%
	1,019		1,073		1,209		-16	%	Asia-Pacific		1,046		1,206		-13	%
	837		878		619		+35	%	CIS		859		337		X2,5

	5,722		6,226		6,077		-6	%	Total production		5,974		5,979		-

	1,445		1,773		1,478		-2	%	Includes equity affiliates and non-consolidated affiliates		1,609		1,214		+33	%
2Q12		1Q12		2Q11		2Q12 vs 2Q11			Liquefied natural gas	1H12		1H11		1H12 vs 1H11
	2.35		3.24		3.33		-29	%	LNG sales* (Mt)		5.58		6.69		-17	%

*	Sales, Group share, excluding trading; 2011 data restated to reflect volume estimates for Bontang LNG in Indonesia based on the 2011 SEC coefficient

•

Downstream (Refining & Chemicals and Supply & Marketing)


2Q12		1Q12		2Q11		2Q12 vs 2Q11			Refined product sales by region (kb/d)*	1H12		1H11		1H12 vs 1H11
	2,060		2,066		2,292		-10	%	Europe		2,064		2,387		-14	%
	401		392		397		+1	%	Africa		397		383		+4	%
	509		441		603		-16	%	Americas		475		521		-9	%
	508		568		487		+4	%	Rest of world		538		484		+11	%

	3,478		3,467		3,779		-8	%	Total consolidated sales		3,473		3,774		-8	%
	542		501		413		+31	%	Includes bulk sales		522		425		+23	%
	1,246		1,226		1,343		-7	%	Includes trading		1,236		1,264		-2	%

*	Includes share of CEPSA through July 31, 2011, and of TotalErg

Adjustment items

•

Adjustments to operating income


2Q12		1Q12			2Q11			In millions of euros	1H12			1H11
	(89)		(65	)		(63	)	Special items affecting operating income		(154	)		(63	)
	(48)		-			-		• Restructuring charges		(48	)		-
	-		-			-		• Impairments		-			-
	(41)		(65	)		(63	)	• Other		(106	)		(63	)
	(1,384)		846			(87	)	Pre-tax inventory effect : FIFO vs. replacement cost		(538	)		1269
	11		(25	)		(55	)	Effect of changes in fair value		(14	)		29
	(1,462)		756			(205	)	Total adjustments affecting operating income		(706	)		1235

•

Adjustments to net income (Group share)


2Q12		1Q12			2Q11			In millions of euros	1H12			1H11
	(323)		18			47		Special items affecting operating income (Group share)		(305	)		(120	)
	73		80			205		• Gain on asset sales		153			216
	(40)		-			-		• Restructuring charges		(40	)		-
	(18)		(20	)		(47	)	• Impairments		(38	)		(47	)
	(338)		(42	)		(111	)	• Other		(380	)		(289	)
	(959)		590			(74	)	After-tax inventory effect : FIFO vs. replacement cost		(369	)		872
	9		(20	)		(41	)	Effect of changes in fair value		(11	)		22
	(1,273)		588	(68)				Total adjustments affecting net income		(685	)		774

Effective tax rates


2Q12		1Q12			2Q11			Effective tax rate*	1H12			1H11
	58.4%		62.1	%		61.6	%	Upstream		60.5	%		59.5	%
	56.1%		60.6	%		59.4	%	Group		58.6	%		57.5	%

*	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


2Q12		1Q12		2Q11		2Q12 vs 2Q11			In millions of euros	1H12		1H11		1H12 vs 1H11
	4,381		3,873		3,467		+26	%	Investments excluding acquisitions*		8,254		6,254		+32	%
	319		350		242		+32	%	• Capitalized exploration		669		459		+46	%
	231		159		210		+10	%	• Change in non-recurrent loans**		390		2		n/a
	437		1,832		4,008		-89	%	Acquisitions		2,270		6,537		-65	%
	4,818		5,705		7,475		-36	%	Investments including acquisitions*		10,523		12,791		-18	%
	834		1,455		1,243		-33	%	Asset sales		2,289		1,539		+49	%
	3,984		4,250		6,232		-36	%	Net investments**		8,234		11,252		-27	%

2Q12		1Q12		2Q11		2Q12 vs 2Q11			In millions of dollars***	1H12		1H11		1H12 vs 1H11
	5,614		5,077		4,989		+13	%	Investments excluding acquisitions*		10,701		8 776		+22	%
	409		459		348		+17	%	• Capitalized exploration		867		644		+35	%
	296		208		302		-2	%	• Change in non-recurrent loans**		506		3		n/a
	560		2,401		5,768		-90	%	Acquisitions		2,943		9,173		-68	%
	6,174		7,478		10,757		-43	%	Investments including acquisitions*		13,643		17,948		-24	%
	1,069		1,907		1,789		-40	%	Asset sales		2,968		2,160		+37	%
	5,105		5,571		8,968		-43	%	Net investments**		10,675		15,789		-32	%

*	Includes changes in non-current loans.

**	Includes net investments in equity affiliates and non-consolidated companies + net financing for employee-related 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	6/30/2012			3/31/2012			6/30/2011
Current borrowings		10,642			9,574			12,289
Net current financial assets		(1,552	)		(1,322	)		(2,737	)
Non-current financial debt		23,260			22,428			20,410
Hedging instruments of non-current debt		(1,886	)		(1,882	)		(1,756	)
Cash and cash equivalents		(14,998	)		(13,330	)		(13,387	)
Net debt		15,466			15,468			14,819
Shareholders’ equity		72,103			70,945			61,371
Estimated dividend payable		(1,299	)		(2,573	)		(1,248	)
Non-controlling interests		1,256			1,275			934
Equity		72,060			69,647			61,057
Net-debt-to-equity ratio		21.5	%		22.2	%		24.3	%

2012 Sensitivities*


	Scenario	Change	Impact on adjusted operating income(e)	Impact on adjusted net operating income(e)
Dollar	1.40 $/€	+0.1 $ per €	-1.8 B€	-0.95 B€
Brent	100 $/b	+1 $/b	+0.25 B€ /0.35 B$	+0.11 B€ / 0.15 B$
European refining margins (ERMI)	25 $/t	+1 $/t	+0.06 B€ / 0.08 B$	+0.04 B€ / 0.05 B$

*	Sensitivities are 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 80% and 75% respectively.

Return on average capital employed

•

Twelve months ended June 30, 2012


in millions of euros	Upstream			Refining & Chemicals			Supply & Marketing			Group
Adjusted net operating income		10,538			846			996			12,073
Capital employed at 6/30/2011*		46,671			16,672			6,187			72,843
Capital employed at 6/30/2012*		60,879			16,558			6,579			85,167
ROACE		19.6	%		5.1	%		15.6	%		15.3	%

•

Twelve months ended March 31, 2012


in millions of euros	Upstream			Refining & Chemicals			Supply & Marketing			Group
Adjusted net operating income		10,495			643			1,019			11,975
Capital employed at 3/31/2011*		44,528			16,369			5,839			70,579
Capital employed at 3/31/2012*		59,383			16,222			6,031			83,093
ROACE		20.2	%		3.9	%		17.2	%		15.6	%

•

Full-year 2011


in millions of euros	Upstream			Refining & Chemicals			Supply & Marketing			Group
Adjusted net operating income		10,405			848			1,010			12,045
Capital employed at 12/31/2010*		43,972			17,265			5,608			70,866
Capital employed at 12/31/2011*		58,939			15,883			5,391			81,066
ROACE		20.2	%		5.1	%		18.4	%		15.9	%

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

EX-99.4 5 d422993dex994.htm EXHIBIT 99.4 Exhibit 99.4

Exhibit 99.4

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Iraq: Total acquires interest in two exploration Blocks

in Kurdistan Region of Iraq

Paris, July, 31 2012 – Total announced the signature of a Farm-in Agreement in two exploration blocks in Kurdistan Region of Iraq.

Total has completed an acquisition of 35% interest in two Blocks, Harir and Safen, held by Marathon Oil KDV B.V., a wholly-owned subsidiary of Marathon Oil Corporation (NYSE: MRO). Total will be the operator of the development of the Safen Block. The Blocks cover areas of respectively 705 and 424 square km.

Total confirms its commitment to contribute to the development of the oil Industry in Iraq and is looking for new opportunities.

* * * * *

EX-99.5 6 d422993dex995.htm EXHIBIT 99.5 Exhibit 99.5

Exhibit 99.5

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Angola: Total to sell an interest in Block 14 to INPEX

Paris, August 21, 2012 – Total today announced that it has agreed to sell to INPEX CORPORATION a 9.99% indirect interest in offshore Angola Block 14. The transaction remains subject to the approval of Angolan authorities.

Block 14

Block 14 is located approximately 100 km offshore from Cabinda in Angola and covers approximately 4,094 km² with a water depth ranging from 200m to 1,500m. Block 14 started production in 1999 and currently produces in excess of 160,000 barrels of oil per day (boe/d) of medium light crude oil. Block 14 is operated by Cabinda Gulf Oil Company Limited (31%) and other partners alongside Total (20%) are Sonangol Pesquisa e Produção, S.A. (20%), Eni Angola Exploration, B.V. (20%) and Galp Exploração e Produção Petrolífera, S.A (9%).

Total’s 20% share of Block 14 will be transferred to a newly formed Total affiliate – Angola Block 14 B.V. – in which INPEX will become a shareholder.

Total Exploration & Production in Angola

Total has been present in Angola since 1953. In 2011, Total’s SEC* equity production amounted to 135,000 barrels of oil equivalent per day. Most of this production comes from Blocks 17, 0 and 14. At the end of 2011, Total operated 640,000 barrels of oil equivalent per day, making it the country’s leading oil operator.

Total’s main asset in Angola is deepwater Block 17, which it operates with a 40% interest. The block contains four major hubs: Girassol-Rosa, Dalia and Pazflor, which are currently in production; and CLOV (Cravo, Lirio, Orquidea and Violeta), whose development was launched in 2010.

The Group also operates the ultra-deepwater Block 32, in which it holds a 30% stake. Twelve discoveries have confirmed the block’s potential for oil production, and development studies are underway on a first production area in the central southeastern sector of the block.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

In addition, the Angola LNG project is building a liquefaction plant near Soyo to bring the country’s natural gas reserves to market. Total has a 13.6% interest in the project. The plant will initially be supplied with associated gas from fields on Blocks 15, 17 and 18 then also from gas fields on Blocks 0 and 14.

In Angola, as in all its host countries, Total makes sure that health, safety and the environment are paramount priorities. In addition, Total is committed to developing the local oil industry by recruiting and training local workers. Total is strengthening the local economy through its ambitious “Angolanization” and technology transfer plan.

Total E&P Angola implements a transparent, wide-reaching corporate social responsibility process focused on three main areas: health, education and local economic development.

*SEC: U.S. Securities and Exchange Commission

* * * * *

EX-99.6 7 d422993dex996.htm EXHIBIT 99.6 Exhibit 99.6

Exhibit 99.6

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Philippines: Total acquires a 75% interest in offshore Block SC56

Paris, August, 23, 2012 – Total E&P Philippines B.V. (“Total”) announces the signature of a Farm-out Agreement with Mitra Energy (Philippines SC-56) Limited (“Mitra”), based in Kuala Lumpur, Malaysia, to acquire a 75% interest in the offshore Block SC56, located in the Sulu Sea.

The block covers a total area of around 4,300 km², in water depths ranging from 200 to 3,000 meters. Mitra will retain a 25% interest in SC56.

“With this new acquisition, Total continues to pursue its strategy to further expand its acreage in significant potential plays in new exploration areas, notably in deep offshore Asia Pacific” stated Jean-Marie Guillermou, Senior Vice-President Asia Pacific, Exploration and Production.

A new exploration phase will start on September 1, 2012, and Mitra will initially operate the seismic works including the re-processing of existing data and the 3D acquisition of additional 500 km², after which the operatorship will be transferred to Total for the drilling operations.

This transaction is subject to approval by the authorities of the Republic of Philippines.

* * * * *

EX-99.7 8 d422993dex997.htm EXHIBIT 99.7 Exhibit 99.7

Exhibit 99.7

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Reduction in Fuel Prices in France:

Total adds up to 3 Cents to the Government Price Cut

Paris, 29, August, 2012 – For a period of three months, beginning August 29th, Total will reduce the average fuel price by 3 cents a liter, including tax, at its highway service stations and by 2 cents a liter at its roadway stations in mainland France. The two networks cover around 2,000 Total, Total Access and Elf service stations.(1) These reductions will be added to the 3-cent tax reduction decided by the French government, which means that prices will decline by a total of 5 to 6 cents per liter at the pump.

“By reducing fuel prices at its service stations, Total joins in the effort to increase consumer purchasing power,” said Philippe Boisseau, President of Total’s Supply & Marketing business. “This contribution comes on top of our daily, long-term commitment to continuously adapt our offer to the needs of our customers, as is demonstrated by the fast deployment of the Total Access network.”

Through its Total Access program, Total is developing a network of service stations whose higher sales volumes enable them to offer some of the lowest prices on the market. With an average 40 new openings per month, the Total Access network should incorporate 300 stations by the end of 2012, with a total target of 600 by the end of 2013.

Total also pursues its initiatives to encourage its customers to save energy, through eco-driving campaigns, fuel management services for corporate fleets and the development of a wide range of eco-efficient products, such as the Excellium line, fuels that can reduce average consumption by around 3%.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Lastly, Total is partnering with a large number of institutions and private organizations to fight against fuel poverty within the areas of heating and mobility.

(1)This decision does not concern the 214 stations belonging to Total-brand dealers, who are free to set their own prices.

* * * * *

EX-99.8 9 d422993dex998.htm EXHIBIT 99.8 Exhibit 99.8

Exhibit 99.8

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total Enters Exploration in Bulgaria with Award

of the Khan Asparuh Offshore License

Paris, August, 29, 2012 – Total today announced the signature with the Bulgarian authorities of the exploration contract concerning the offshore Khan Asparuh license, awarded under the licensing round that opened last January 31. The 14,220-sq.km block is located approximately 80 kilometers offshore in the Black Sea in water depths of between 100 and 2,000 meters.

Total has signed an agreement to allow two other European companies to work on the permit, Austria’s OMV (30%) and Spain’s Repsol (30%), with Total retaining a 40% stake.

“Total’s international experience in deep-offshore exploration and production was a decisive factor in winning the license,” said Marc Blaizot, Total’s Senior Vice President, Exploration. “Following French Guiana, Uruguay, Côte d’Ivoire and Mauritania, Total continues to build strategic positions in ultra-deepwater abrupt margin plays. In keeping with Total’s new dynamic in exploration, this license marks the first time that this type of highly promising play will be explored outside the Atlantic basins. The three partners are very confident in the potential of this new license, which contains a number of both oil and gas prospects.”

* * * * *

EX-99.9 10 d422993dex999.htm EXHIBIT 99.9 Exhibit 99.9

Exhibit 99.9

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Myanmar: Total Acquires a 40% Interest in Offshore Block M-11

Paris, September, 3, 2012 – Total announces the signature of an agreement with PTTEP for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore Block M-11 in Martaban basin. PTTEP (PTT Exploration and Production Plc.), Thailand’s national company, will retain the operatorship. The block covers an area of 5,373 km², with a water depth of 200 to 2,300 meters. The current exploration phase contemplates a well to be drilled by Q3 2013.

Yves-Louis Darricarrère, Total’s Upstream President, commented on the signature: “With this acquisition, Total will bring its well recognized deep offshore expertise and its world-wide proven technology to contribute to exploration activities in Myanmar and potentially develop the country’s hydrocarbon resources. By doing so, Total will continue to support the country’s economic opening and growth. PTTEP is our historical partner in this region and in Myanmar where we have been cooperating successfully on the Yadana project.”

This transaction will need to be approved by Union of Myanmar Authorities.

Total in Myanmar

Total’s equity production in Myanmar was at 15,000 barrels of oil equivalent per day in 2011. Total operates Yadana field (31,2%) located on the offshore Blocks M5 and M6. Gas produced on the field is delivered primarily to PTT to be used in Thai power plants. The Yadana field also supplies the domestic market via a land pipeline and, since June 2010, via a sub-sea pipeline built and operated by Myanmar’s state-owned company MOGE.

The Yadana project employs around 900 people, including contractors. Over 90% of the staff has been recruited locally in Myanmar and accompanied by an extensive training program.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

As a long-term operator in Myanmar, Total has implemented a comprehensive Corporate Social Responsibility program since 1995 in the areas of health, education, and support to social and economic programs, to maximize the benefits for all the stakeholders of the Yadana project, and first of all, the local population living in the vicinity of the project-related facilities.

* * * * *

EX-99.10 11 d422993dex9910.htm EXHIBIT 99.10 Exhibit 99.10

Exhibit 99.10

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total Signs a Commercial Agreement with Kogas for LNG

from the Sabine Pass Terminal in the United States

Paris, September 13, 2012 – Total announces that its gas trading affiliate Total Gas & Power Limited has signed an agreement with South Korean national company Kogas (Korea Gas Corporation) for the purchase of 0.7 million metric tons per year of LNG from the Sabine Pass terminal in Louisiana for a duration of twenty years.

The LNG will be lifted following the startup of the Sabine Pass terminal’s liquefaction train 3, which is scheduled for commissioning in 2017.

“The agreement will enable us to meet the needs of our customers worldwide as effectively as possible,” said Philippe Sauquet, Total’s President of Gas & Power. “With this agreement, we are consolidating our leadership in a growing LNG market and taking a position in an LNG export market that is emerging in the United States. The execution of this new long-term agreement between Total and Kogas also strengthens the ties between our two companies. It follows on from the recent acquisition by Kogas of an interest in the GLNG project in Australia and the execution of a sale and purchase agreement between Total Gas & Power and Kogas for 2 million metric tons per year of LNG.”

Total has also negotiated a cooperation agreement with Sabine Pass Liquefaction that will help to further expand the liquefaction capabilities being developed adjacent to the Sabine Pass LNG terminal.

Total and LNG

Total is a leading producer in the LNG sector, with strong and diversified positions along the LNG chain. Total is active in most of the major LNG producing regions as well as main LNG consuming markets and continues to develop LNG as a key component of its growth strategy.

In addition to Australia, the Group has interests in LNG projects in Indonesia, Nigeria, Norway, Oman, Qatar, the United Arab Emirates, Yemen, Angola and Russia.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

The Group has also secured long-term access to LNG re-gasification capacity located in key LNG importing countries.

Total is developing trading, marketing and logistics businesses to offer its natural gas and LNG production directly to customers. This LNG portfolio allows Total to supply its main customers worldwide with gas, while retaining a certain degree of flexibility to seize market opportunities.

* * * * *

EX-99.11 12 d422993dex9911.htm EXHIBIT 99.11 Exhibit 99.11

Exhibit 99.11

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Mozambique: Total farms into the Rovuma Basin

Paris, September 24, 2012 – Total announces the signature of a farm-in agreement with the Malaysian state-owned company, Petronas, for the acquisition of a 40% interest in the Production Sharing Contract covering the offshore blocks area 3 and area 6 located in the prolific Rovuma Basin. Petronas will retain the operatorship. The two blocks cover an area of 15,250 square kilometers with water depths ranging up to 2,500 meters. An exploration well is planned by year-end.

“After Kenya and Uganda, Total is entering into the southern part of the prolific Rovuma Basin, whose oil potential might equal the gas potential of the northern part,” said Jacques Marraud des Grottes, Senior Vice President, Exploration & Production, Africa. “The farm-in significantly strengthens our long-term presence in exploration and production in East Africa. Exploration wells are expected to be drilled shortly.”

The transaction is subject to the approval of the Mozambique government.

Total in Mozambique

Total has been present in Mozambique since 1991 through its petroleum product storage and marketing affiliate. Total Mozambique markets fuels and lubricants to consumers and industry via two import terminals and a network of 35 service stations.

* * * * *

EX-99.12 13 d422993dex9912.htm EXHIBIT 99.12 Exhibit 99.12

Exhibit 99.12

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total, outlook and objectives

London, September 24, 2012 – Chairman & CEO Christophe de Margerie today presents the financial community with Total’s outlook and objectives for the next few years and beyond. He outlines Total’s ability to deliver near-term profitable growth, provides examples of the Group’s new dynamic in action, and emphasizes the priority of creating value for shareholders and all stakeholders. The event is webcast live, and a replay can be accessed at www.total.com along with the presentation material.

Key messages include:

•

Delivering near-term profitable growth: Total provides details to support its confidence in targeted production growth. Over 2011-15, this growth of approximately 3% per year on average is based on projects which are already either in production or under development. For 2017, based on its portfolio of high-quality projects, Total estimates production potential of circa 3 Mboe/d, noting that 70% of the new production needed to achieve this growth is already in production or under development. Total’s portfolio of Upstream start-ups for 2011-17 offers highly competitive returns, and it is strengthening Total’s position as an industry leader in deep offshore and LNG.

•

New dynamic in action: The strategic vision articulated and set in motion by management last year is progressing. Total’s bold exploration program is focused on high-risk, high-reward prospects, and new acreage has added to the potential for giant discoveries. The ongoing restructuring of Refining & Chemicals is expected to provide an additional 650 M$ per year of net results by 2015 through improved efficiencies and synergies. In addition, Total introduces a 15-20 B$ asset sale program over 2012-14, reinforcing that active portfolio management is integrated into Total’s strategy.

•

Creating value for shareholders: Free cash flow in 2012-14 will be enhanced by contributions from accretive start-ups, Downstream restructuring and the announced asset sale program. Accelerating free cash flow growth is expected during the 2015-17 period. Total’s strong balance sheet and well-managed gearing ratio provide additional financial flexibility to adapt to changes in the environment and capitalize on opportunities. At the end of 2Q12, Total announced an increase of 3.5% to its quarterly dividend. This dividend increase further demonstrates management’s confidence in the Group’s outlook.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

The Group looks forward to continued success in executing its strategy to deliver profitable and sustainable growth by investing in a diverse portfolio of high-quality projects that create value.

This document may contain forward-looking statements, including within the meaning of the Private Securities Litigation Reform Act of 1995, notably 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. Neither TOTAL nor any of its subsidiaries assumes 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 with the French Autorité des Marchés Financiers and the U.S. Securities and Exchange Commission (“SEC”). Dollar amounts presented herein may 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.

U.S. investors are urged to consider closely the disclosure in our Form 20-F for the year ended December 31, 2011, including the information set forth under “Item 3. Risk Factors”, “Item 4. Information on the Company — Other Matters”, “Item 5. Operating and Financial Review and Prospects” and “Item 11. Quantitative and Qualitative Disclosures about Market Risk”, available from us at TOTAL S.A. – Tour Coupole – 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-99.13 14 d422993dex9913.htm EXHIBIT 99.13 Exhibit 99.13

Exhibit 99.13

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total, Driver of the Automotive changes

Inauguration of the Group Stand at the Paris Motor Show

Paris, September 27, 2012 - Christophe de Margerie, Chairman and Chief Executive Officer of Total, and Philippe Boisseau, President of Total Supply & Marketing, today officially inaugurates the Total stand at the Paris Motor Show. Romain Grosjean, driver with the Lotus F1 Team, is also present.

During this event Total will also take the opportunity to showcase its activities, from Oil & Gas exploration-production to fuel marketing, refining and chemicals. The Group will also spotlight its commitment in solar and biomass and on tomorrow’s innovations to support automotive progress.

250 Researchers Developing Tomorrow’s Fuels Today

Nearly 250 researchers in France are developing automotive fuels, lubricants and oils. Based in Solaize (69) and Gonfreville (76), the laboratory teams are devising future products tailored to new automotive technologies, to improve fuel efficiency and reduce environmental impact. These laboratories are the Total Excellium line of premium fuels, designed to enhance fuel efficiency by up to 3%. Today, Total’s researchers are working on biofuels, ultra-low sulfur fuels, fuel economy lubricants, and special fuel additives to lower consumption and emissions. The Group is spending nearly €100 million on automotive fuel and lubricant R&D.

Motor Racing, a Proving Ground for Technology

The same researchers develop the advanced fuels and lubricants used in motor racing. Total is fully invested in delivering flawless technical performances, from the laboratory to the track. Its people, products, technologies and expertise demonstrate their excellence in every race.

Total’s commitment to motor racing alongside leading automakers Renault, Peugeot and Citroën and together with driver Romain Grosjean in Formula One racing, gives it a solid foundation of expertise on which to build the most efficient products today, which will be used daily by millions of drivers tomorrow.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

300 Total Access Stations by end-2012

Serving more than 800,000 customers a day, service stations are Total’s primary interface with drivers in France. To meet customer demand more efficiently, Total introduced just about a year ago, Total Access, a new service station concept combining low prices with premium Total fuels and services. By year end 2012 there will be nearly 300 Total Access service stations across France.

As leader on the French market, Total plans to open 600 Total Access service stations by the end of 2013, affirming its strong commitment to better serve its customers.

* * * * *

EX-99.14 15 d422993dex9914.htm EXHIBIT 99.14 Exhibit 99.14

Exhibit 99.14

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total supports its employees in improving

the energy efficiency of their homes

Paris, October 5, 2012 – Total involves its employees fully in its sustainable development policies.

After first introducing special photovoltaic solar solutions for them, the Group is now offering to subsidize half the cost of a home energy audit for its 40,000 employees in France.

Employees who then purchase systems or perform upgrades may also be eligible for subsidies under France’s energy efficiency certificate program and special discounts from building contractors partnered with Total.

“Our innovative campaign to promote renewable energies and energy efficiency to employees has been developed jointly with our company unions”, says François Viaud, Senior Vice President of Human Resources at Total. “We are expanding the popular solar offer by adding energy efficiency solutions that help employees to protect the environment while optimizing the energy performance of their homes and to save significant money by reducing their energy use.”

* * * * *

EX-99.15 16 d422993dex9915.htm EXHIBIT 99.15 Exhibit 99.15

Exhibit 99.15

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Norway: Total starts-up production at the Atla field

Paris, October 8, 2012: Total announces the start-up of its Atla gas condensate field in the Norwegian North Sea. Atla was brought into production two years after completion of exploration drilling.

The Atla field is part of the PL102C license and is located in block 25/5. Partners are Total E&P Norge 40% (operator), Petoro 30%, Centrica 20% and Det Norske 10%. The field was developed subsea with a tieback to the existing Skirne/Byggve subsea system, operated by Total, which is connected to the Heimdal host platform located 24 kilometers southwest. The Atla field is expected to produce gas at an average flow rate of 14,000 boe/d including 2,500 b/d of condensates in 2013.

Commenting on the start-up of the field, Patrice de Viviès, Total’s Senior Vice President Exploration & Production for Northern Europe, said: “The Atla discovery was made in October 2010, in the frame of our near-by exploration program. The fast track development was completed within budget and schedule and will have a very quick return. It is a good example of Total’s expertise in maximizing value of mature assets by combining exploration and development forces”.

Total in Norway

Since the late 1960s, the Total Group has played a major role in development of a large number of Norwegian fields, notably Frigg and Heimdal. Norway was the largest contributor to the Group’s equity production in 2011 with 287,000 barrels of oil equivalent (boe) per day. Total held interests in 90 production licenses in offshore Norway, 22 as operator.

In the first semester 2011 the developments of the Ekofisk South and Ekofisk ll fields were launched, in which Total has a 39.9% interest. Each development has a production capacity of 70,000 boe per day and production start-up is expected in 2014 and 2015 respectively.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

In January 2012, Total submitted the PDO for the Martin Linge field, a stand-alone field development planned to come on stream in Q4 2016. The PDO was approved by the Storting (Norwegian Parliament) in June 2012.

In 2011, Total made two promising discoveries as operator. The first is on Norvarg in the Barents Sea, with reserves that could reach up to 300 million boe; the second is on Alve North in the Norwegian Sea close to existing infrastructure. Appraisal of both discoveries is being planned.

In the 2011 (APA) Licensing Round, announced on 17 January 2012, Total was granted interests in an additional eight licenses in the Norwegian North Sea, including five as operator.

* * * * *

EX-99.16 17 d422993dex9916.htm EXHIBIT 99.16 Exhibit 99.16

Exhibit 99.16

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Norway: Total exchanges assets with ExxonMobil in the North Sea

Paris, October 8, 2012: Total has today announced an exchange of interests with ExxonMobil in a range of producing and undeveloped North Sea assets on the Norwegian Continental Shelf.

In exchange for its interests in the PL089 license (5.6%) and the Sygna (2.52%), Statfjord Øst (2.8%) and Snorre (6.18%) fields, Total will receive from ExxonMobil its 4.7% interest in the Oseberg field and its 4.33 % interest in the Oseberg transportation system, together with its interests in the PL029c license (100%) and the PL029b license (30%), which contain part of the Dagny field. In addition, a minor cash compensation will also be paid by Total to ExxonMobil.

Oseberg is one of the largest oil and gas fields in the Norwegian North Sea, and includes a number of satellite fields currently under development. Dagny reserves are estimated by the Norwegian Petroleum Directorate (NPD) to be 205 million barrels of oil equivalent (boe) and the Final Investment Decision (FID) of the field development is expected before the end of 2012.

Following the assets exchange with ExxonMobil, Total’s interest in the Oseberg field will increase from 10% to 14.7% and in the Dagny field from 6.54% to 39.54%.

This exchange is expected to close before the end of 2012. It remains subject to the approval of the Norwegian authorities.

Commenting on the deal, Patrice de Vivies, Total’s Senior Vice President Exploration & Production for Northern Europe, said: “It has been a longstanding objective of Total to rationalise its portfolio in Norway and strengthen its interests in assets considered to have upside potential. This exchange with ExxonMobil allows us to focus our efforts on fewer and larger assets.”

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total in Norway

Since the late 1960s, the Total Group has played a major role in development of a large number of Norwegian fields, notably Frigg and Heimdal. Norway was the largest contributor to the Group’s equity production in 2011 with 287,000 boe per day. Before the asset exchange with ExxonMobil, Total held interests in 90 production licenses in offshore Norway, 22 as operator.

In November 2011, the Plan for Development and Operation (PDO) for the operated Atla fast-track subsea field development was approved by the Norwegian authorities. Atla is scheduled to come on stream in October 2012. In January 2012, Total submitted the PDO for the Martin Linge field, a stand-alone field development planned to come on stream in Q4 2016. The PDO was approved by the Storting (Norwegian Parliament) in June 2012.

In the 2011 (APA) Licensing Round, announced on 17 January 2012, Total was granted interests in an additional eight licences in the Norwegian North Sea, including five as operator.

* * * * *

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 separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as estimated 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 TOTAL S.A. — Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 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-99.17 18 d422993dex9917.htm EXHIBIT 99.17 Exhibit 99.17

Exhibit 99.17

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Papua New Guinea: Total acquires interests in exploration blocks

Paris, October 9, 2012 - Total announces the signature of agreements with Oil Search Limited (“Oil Search”) for the acquisition of a 40% interest in offshore licences PPL 234 and PPL 244, a 50% interest in offshore licence PRL 10 and the option to acquire a 35% interest in onshore licences PPL 338 and PPL 339. All the licences are located in the Gulf of Papua region. The offshore blocks lay in water depths ranging up to 100 meters.

The objective of Total and Oil Search is to explore and appraise these five licences situated in areas with a high potential for gas discoveries. Oil Search will retain the operatorship for the exploration activities. Two exploration wells are planned to be drilled in early 2013.

In addition, Total and Oil Search have agreed to form a strategic partnership to assess other opportunities in Papua New Guinea (PNG).

“This acquisition represents an exciting opportunity for Total to enter the Upstream in the resource-rich Papua New Guinea. We are convinced that our partnership with Oil Search, a well-established oil and gas player in this country, is a very positive foundation for our future success in this venture”, said Jean-Marie Guillermou, Senior Vice President, Exploration & Production, Asia-Pacific. “The farm-in reinforces our exploration portfolio in the foothills and carbonates plays and it is in line with our strategy to strengthen our presence in the Asia Pacific, particularly in the gas and LNG sector.”

The transaction is subject to approval by PNG authorities.

Total in Papua New Guinea

In April 2012, Total Supply & Marketing created a new affiliate in PNG with offices in Port Moresby. Total Supply & Marketing has been marketing lubricants in PNG via a distributor arrangement for several years. This new affiliate will allow Total to better support its mining and general industry customers in implementing their development ambitions in the fast-growing PNG.

* * * * *

EX-99.18 19 d422993dex9918.htm EXHIBIT 99.18 Exhibit 99.18

Exhibit 99.18

LOGO

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total signs two Production Sharing Contracts for Telen

and Bengkulu I - Mentawai Exploration Blocks in Indonesia

Paris, October 9, 2012 - Total announces that it has signed two Production Sharing Contracts (PSCs) with the Government of Indonesia represented by BPMIGAS, for the Telen and the Bengkulu I - Mentawai exploration blocks. The Group will hold a 100% participating interest in each PSC.

The Bengkulu I - Mentawai exploration block is located in the offshore Bengkulu Basin of the province of Bengkulu, in the South West of Sumatra, covering an area of 8,034 square kilometers with a water depth ranging from 400 to 1,000 meters.

The Telen exploration block is located in the offshore Kutei Basin of the province of East Kalimantan, covering an area of 2,369 square kilometers with water depths in the range of 300-1,000 meters and adjacent to the country’s most prolific gas producing offshore Mahakam block operated by Total.

The exploration program envisages, for the first three years, a 3D-seismic study to be carried out on the Bengkulu I - Mentawai block and an exploration well to be drilled on the Telen block.

Jean-Marie Guillermou, Senior Vice President Asia-Pacific, Total Exploration & Production, said on the occasion: “Acquiring these offshore exploration blocks is part of our revitalized exploration strategy in Indonesia and we are very pleased to increase our activity in the country”.

Total Exploration & Production in Indonesia

Total has been present in the country since 1968, with operations primarily concentrated in the offshore Mahakam block (50%, operator) in East Kalimantan, covering the Peciko and Tunu gas fields. Total is also operating the Sisi-Nubi gas field with a 47.9% interest. The Group is the largest gas producing operator in Indonesia and currently contributes to around 80% of the Bontang LNG Plant supply. Total’s equity production in Indonesia was at 158,000 barrels of oil equivalent per day in 2011.

As part of its Corporate Social Responsibility in Indonesia, Total is intensely involved in community empowerment and capacity building actions in the areas of education and research, health and nutrition, local economic empowerment, environment and alternative energies. These endeavors are consistent with Total’s commitment to answer the challenges of sustainable development.

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

Charles-Etienne LEBATARD

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

Victoria CHANIAL

Tel.: + 33 (0) 1 47 44 35 86

Aude COLAS DES FRANCS

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

Sandra DANTE

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

Hortense OURY

Tel.: + 33 (0) 1 47 44 23 34

Florent SEGURA

Tel.: + 33 (0) 1 47 44 31 38

Frédéric TEXIER

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

Anastasia ZHIVULINA

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

TOTAL S.A.

Capital 5 912 835 657,50 euros

542 051 180 R.C.S. Nanterre

www.total.com

Total’s commitment in the country is further exemplified through its manpower program, with an extensive program to develop national manpower and high level national managers through training and international assignments, as well as career developments for new recruits. Total also continues to enlarge partnerships with national businesses and significantly enhance employment, which is currently estimated at 22,000 full time jobs on its industrial sites.

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Table of Contents

Table of Contents

Table of Contents

Table of Contents