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: December 20, 2012 to March 13, 2013
Commission File Number: 1-10888
TOTAL S.A.
(Translation of registrants 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 registrants home country), or under the rules of the home country exchange on which the registrants 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 registrants 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- .
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: March 14, 2013 | By: | /s/ Humbert de Wendel | ||||
Name: | Humbert de WENDEL | |||||
Title: | Treasurer |
| EXHIBIT 99.1: Tajikistan: Total Farms into the Bokhtar PSC Area with a 33.335% Interest (February 5, 2013) |
| EXHIBIT 99.2: France: Total in Exclusive Negotiations on the Proposed Sale of TIGF to Snam, EDF and GIC (February 5, 2013) |
| EXHIBIT 99.3: Cyprus: Total Enters Deep Offshore Exploration in Cyprus (February 6, 2013) |
| EXHIBIT 99.4: France: Borealis Offers to Acquire GPN S.A. (February 6, 2013) |
| EXHIBIT 99.5: Belgium: Total has received a firm offer from Borealis for its majority interest in Belgiums Rosier S.A. (February 6, 2013) |
| EXHIBIT 99.6: France: Total announces final 2012 dividend and director nominations for shareholder approval (February 12, 2013) |
| EXHIBIT 99.7: France: 2012 Results (February 13, 2013) |
| EXHIBIT 99.8: France: Peugeot and Total prepare for the future with the technology demonstrator 208 HYbrid FE (February 18, 2013) |
| EXHIBIT 99.9: United Kingdom: Total resumes production from the Elgin/Franklin area in the UK North Sea (March 11, 2013) |
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Total Farms into the Bokhtar PSC Area in Tajikistan with a 33.335% Interest
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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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
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 |
Paris, December 21, 2012: Total announced that it had signed an agreement with Kulob Petroleum, a subsidiary of Tethys Petroleum, to farm into the Bokhtar PSC Area in Tajikistan with a 33.335% interest. Under the agreement, signed jointly with state-owned CNODC (a subsidiary of CNPC) of China, Total and CNODC will each hold a 33.335% interest in the PSC, while Kulob will retain a 33.33% stake. The agreement is subject to the approval of the Tajikistan government.
The Bokhtar PSC covers an area of 35,000 square kilometers at the eastern end of the prolific Amu Darya Basin. A number of giant gas discoveries have already been made in the basins Jurassic carbonate reservoirs.
On completion of the transaction, Total will acquire an interest in the Tajikistani sector of the Amu Darya Basin, it will be partnered with CNPC.
Operations will be conducted jointly, through an operating company. Tethys has already acquired seismic data with the intention of identifying the location of the first exploration well by end-2014.
This acquisition is aligned with our bolder exploration strategy and positions Total in one of the worlds most prolific gas basins, said Michael Borrell, Senior Vice President, Continental Europe Central Asia, Total Exploration & Production. The partnership between Total, CNPC and Tethys is particularly well equipped to conduct successful exploration and potentially develop a value-creating project.
Total Exploration & Production in Central Asia
Total has actively expanded its operations in Central Asia since the early 1990s, until now focusing primarily on the Caspian Sea.
The Group has been present in Kazakhstan since 1992 and owns 16.8% interest in the North Caspian PSC, which contains the giant Kashagan field. Operated by the joint North Caspian Operating Company (NCOC), the Kashagan field is scheduled to come on stream in 2013. In early November 2012, Total acquired a 75% interest in the onshore Nurmunai North and South exploration blocks. It has also partnered with state-owned KazMunaiGaz (KMG) to develop the Khvalynskoye field in the Caspian Sea on the border between Russia and Kazakhstan. |
The Group has been present in Azerbaijan since 1996 with a 10%
interest in the Shah Deniz field in
* * * * *
Total is one of the largest integrated oil and gas companies in the world, with activities in more than | ||
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
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 |
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Total in Exclusive Negotiations on the Proposed Sale of TIGF to Snam, EDF and GIC | ||
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29 |
Paris, February 5, 2013 Total announces it has entered into exclusive negotiations with a consortium comprising Snam, EDF and GIC1 that has submitted a firm offer to acquire all outstanding shares of Transport et Infrastructures Gaz France (TIGF). The offer values the company at 2.4 billion.
The proposed sale is aligned with Totals active portfolio management strategy.
The consortium selected, consisting of industry-leading operators and long term investors, will support TIGF in its further development, while meeting the commitments made to TIGFs employees and partners, said Christophe de Margerie, Chairman and CEO of Total.
Total initiated dialogue with employee representatives from the commencement of the process leading to an agreement Undertakings in Case of the Sale of TIGF that was signed on January 23. In particular, the agreement includes provisions concerning maintaining jobs, benefits and TIGFs headquarters in Pau.
The proposed sale is subject to information and consultation procedures with the relevant employee representative bodies, including consultation with relevant authorities.
TIGF provides gas transmission and storage services in 15 departments in southwestern France. It manages a network of about 5,000 kilometers of pipeline that carries 13% of the total volume of gas transported in France and operates 22% of the countrys gas storage capacity. With almost 500 employees, TIGF generated revenues of over 350 million in 2011 (www.tigf.fr).
* * * * *
Total is a leading international oil and gas company with operations in more than 130 countries. We are also a world-class chemical producer. Our 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 keep the world supplied with energy, both today and tomorrow. www.total.com | |
TOTAL S.A. |
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Capital 5 914 832 865 euros |
1 GIC: Government of Singapore Investment Corporation | |
542 051 180 R.C.S. Nanterre | ||
www.total.com |
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Total Enters Deep Offshore Exploration in Cyprus | ||
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
Paris, February 6, 2013 Total announces that it has signed two production sharing contracts (PSCs), for Blocks 10 and 11, with the Republic of Cyprus. The PSCs were awarded as part of the second offshore exploration licensing round, launched by the Cypriot government in 2012.
The licenses extend over 2,572 square kilometers and 2,958 square kilometers respectively, southwest of Cyprus, in water depths ranging from 1,000 to 2,500 meters.
The exploration program will begin with seismic surveys.
We are delighted with this new exploration acreage, where we will be conducting an extensive seismic program, shooting 3D seismic on Block 11 and 2D seismic on Block 10. Each block is targeting a different play, commented Arnaud Breuillac, Senior Vice President, Middle East at Total Exploration & Production. This acreage acquisition is aligned with Totals ambitious exploration strategy focused on new acreage and plays.
* * * * *
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 |
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Borealis Offers to Acquire GPN S.A. | ||
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
Paris, February 6, 2013 - Total has received a firm offer from Borealis to acquire GPN S.A., a wholly owned Total affiliate that is Frances largest nitrogen fertilizer manufacturer. The Group has granted Borealis the exclusive right to pursue the offer.
In light of the quality of the Borealis offer, Total has decided to present it, as well as Borealis offer (described in a separate press release) to acquire Totals 56.86% interest in Belgiums Rosier S.A., listed on NYSE Euronext Brussels, to the employee representatives concerned, as part of the information and consultation procedures.
A leading international provider of chemical solutions, Borealis is solidly established in nitrogen fertilizers in Central Europe and is deploying an ambitious growth strategy to become a European market leader, as demonstrated by its acquisition of Frances PEC-Rhin SAS in early 2012.
Fertilizers are a non-core business for Total, commented Patrick Pouyanné, President of Totals Refining & Chemicals. In joining Borealis, GPN which is well established in France and has benefited from a vast capital expenditure plan in recent years would enjoy new growth opportunities, including in the global marketplace.
Borealis offer for GPN includes clear undertakings to continue operations, to assume all employment contracts and to maintain jobs.
The offer is subject to approval by the relevant antitrust authorities.
Borealis offer does not concern Grande Paroisse S.A. and Total will retain all obligations and liabilities related to that companys former operations, in particular those arising from the AZF site in Toulouse, France.
GPN is Frances leading manufacturer of nitrogen fertilizers and nitrogen oxide reducers. It supplies about 25% of the French market, with revenue of 500 million. GPN has 725 employees in France. Its production facilities are located in Grandpuits in the greater Paris region and Grand Quevilly in Normandy. |
TOTAL 2, place Jean Millier La Défense 6 92 400 Courbevoie France |
Borealis
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With sales of 7.1 billion in 2011, customers in over 120 countries and around 5,300 employees worldwide, Borealis is headquartered in Vienna, Austria. Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the European growth belt. www.borealisgroup.com
Total
Total is a leading international oil and gas company with operations in more than 130 countries. We are also a world-class chemical producer. Our 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 keep the world supplied with energy, both today and tomorrow. www.total.com | |
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
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Press release issued under Article 8, paragraph 1 of the Belgian Royal Decree of April 27, 2007 on public takeover bids. | ||
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
Total has received a firm offer from Borealis for its majority interest in Belgiums Rosier S.A.
Paris, February 6, 2013 - Total has received a firm offer from Borealis for its entire 56.86% interest in Belgiums Rosier S.A., listed on NYSE Euronext Brussels. A leading international provider of chemical solutions, Borealis is already active in nitrogen fertilizers in Central Europe, as well as in France following its acquisition of PEC-Rhin S.A. in early 2012. Borealis has offered 200 per share for Totals majority interest.
This offer as well as Borealis offer (described in a separate press release) to acquire all outstanding shares in Frances GPN will now be presented to the employee representatives concerned, as part of the information and consultation procedures.
The proposed transaction is subject to the approval of the relevant authorities, in particular the antitrust authorities in the countries concerned. The proposed acquisition of Rosier shares will furthermore only be completed if Borealis simultaneously acquires all outstanding shares of Frances GPN.
In the event Borealis acquires the 56.86% interest in Rosier, it will be required to launch a mandatory public takeover bid for the remaining outstanding shares. In application of Article 53 of the Belgian Royal Decree of April 27, 2007 on public takeover bids and on the basis of a decision by the Autorité des services et marchés financiers (FSMA), Belgiums market regulator, Borealis will under such a bid offer a price of EUR 211.38 per Rosier share, coupons n° 27 and following attached. The offer price corresponds to the volume weighted average price of Rosier shares on the NYSE Euronext Brussels stock exchange for the 30 calendar days period ending on, and including, the day of announcement of the proposed transaction (i.e., February 6, 2013). This price is higher than the price per share offered by Borealis for Totals 56.86% interest in Rosier. Borealis has informed Total that it has not traded in Rosier shares over the last 12 months. As a result, the offer price meets the minimum price requirement under Belgian takeover legislation. Borealis has informed Total that it intends to proceed with a squeeze-out if it obtains 95% or more of the Rosier shares by the end of the bid. |
Rosier
Rosier is a mineral fertilizer manufacturer with two production facilities, in Moustier, Belgium and Sas van Gent in the Netherlands. Its products are marketed in more than 80 countries worldwide. Rosier is listed on NYSE Euronext Brussels. The company has 250 employees and revenue of 265 million. www.rosier.eu
Borealis
Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With sales of 7.1 billion in 2011, customers in over 120 countries and around 5,300 employees worldwide, Borealis is headquartered in Vienna, Austria. Borealis is owned 64% by the International Petroleum Investment Company (IPIC) of Abu Dhabi and 36% by OMV, the leading energy group in the European growth belt. www.borealisgroup.com | ||
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
Total
Total is a leading international oil and gas company with operations in more than 130 countries. We are also a world-class chemical producer. Our 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 keep the world supplied with energy, both today and tomorrow. www.total.com |
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Total announces final 2012 dividend and director nominations for shareholder approval | ||
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 Matthieu GOT Karine KACZKA Magali PAILHE
Robert HAMMOND (U.S.) Robert PERKINS (U.S.) Tel. : (1) 713-483-5070 Fax : (1) 713-483-5629
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
Paris, February 12, 2013 The Board of Directors of Total decided on February 12, 2013, to propose at the Annual Shareholders Meeting on May 17, 2013, an annual dividend for 2012 of 2.34 euros per share, reflecting an increase of approximately 3% compared to 2011.
Upon approval at the Annual Shareholders Meeting:
The final installment of 0.59 euros per share for the 2012 dividend will be paid according to the following timetable:
Ex-dividend date June 24, 2013 Record date June 26, 2013 Payment date June 27, 2013
American Depositary Receipts (ADRs) will receive the final installment of the 2012 dividend in dollars based on the then-prevailing exchange rate according to the following timetable:
Ex-dividend date June 19, 2013 Record date June 21, 2013 Payment date July 18, 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.
The Board of Directors of Total also decided on February 12, 2013, to ask the shareholders at the Annual Shareholders Meeting on May 17, 2013, to re-elect Gunnar Brock, Thierry Demarest, and Gérard Lamarche to new three-year terms as directors.
The Board of Directors of Total also decided to submit to the shareholders the nomination, for a three-year term, of a new employee representative to the Board to replace Claude Clément upon the expiration of his term.
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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 |
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Paris, February 13, 2013 |
Fourth quarter and full-year 2012 results |
4Q12 | Change vs 4Q11 |
2012 | Change vs 2011 |
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Adjusted net income1 |
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- in billion euros (B) |
3.1 | +13 | % | 12.4 | +8 | % | ||||||||||
- in billion dollars (B$) |
4.0 | +9 | % | 15.9 | | |||||||||||
- in euros per share |
1.36 | +13 | % | 5.45 | +8 | % | ||||||||||
- in dollars per share |
1.76 | +8 | % | 7.01 | -1 | % | ||||||||||
Net income2 of 10.7 B in 2012 |
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Net-debt-to-equity ratio of 21.4% at December 31, 2012 |
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Upstream production of 2,300 kboe/d for full-year 2012 |
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Dividend in 4Q12 of 0.59 /share payable in June 20133 |
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 Matthieu GOT Karine KACZKA Magali PAILHE
Robert HAMMOND (U.S.) Robert PERKINS (U.S.) Tel.: (1) 713-483-5070 Fax: (1) 713-483-5629
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
Commenting on the results, Chairman and CEO Christophe de Margerie said:
In 2012, Total again delivered solid performance with net income of 12.4 billion euros and reinforced its strong financial position. The environment remained favorable in the Upstream, with Brent prices above 110 $/b and, in the Downstream, refining margins benefited from a temporary rebound at mid-year.
With safety as the priority, the Group continues to progress towards its three main objectives. To successfully start-up projects, on time and in budget, for the Groups profitable growth over the coming years. To rely on a recently expanded exploration portfolio for more significant discoveries. And, finally, to continue the restructuring of downstream activities for improved profitability and resilience in an evolving market.
The Group has embarked on an important program of investments and asset sales to deliver value-creating growth, all while preserving a strong balance sheet, providing shareholder returns, and keeping its environmental and social commitments. It is thus with discipline, determination and optimism that the Group prepares for its future.
The Board of Directors of Total, led by Chairman and CEO Christophe de Margerie, met on February 12, 2013, and decided to propose at the Annual Shareholders Meeting on May 17, 2013, a dividend of 2.34 /share for 2012, an increase of approximately 3% compared to the previous year. |
1 Definition of adjusted results on page 2 dollar amounts represent euro amounts converted at the average -$ exchange rate for the period: 1.2967 $/ for the 4th quarter 2012, 1.3482 $/ for the 4th quarter 2011, 1.2502 $/ for the 3rd quarter 2012, 1.2848 $/ for the full-year 2012, and 1.3920 $/ for the full-year 2011. 2 Group share. Net income (Group share) was 2,381 M for the 4th quarter 2012. 3 Pending approval at the May 17, 2013 Annual Shareholders Meeting, ex-dividend date for the dividend will be June 24, 2013. |
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PRESS RELEASE |
February 18, 2013
Peugeot and Total prepare for the future with the technology demonstrator 208 HYbrid FE
Continuing years of commitment to improving vehicle energy performance, Peugeot and Total are combining their capacity for innovation once more in a breakthrough project: the 208 HYbrid FE. The aim is to design a vehicle combining real driving pleasure (0 to 100km/h / 0 to 62 mph in just 8.0 seconds) and low emissions of CO2 (49g/km). This technological demonstrator will benefit from Peugeot and Totals latest innovations in aerodynamics, weight-saving and drivetrains. The performance of this technological demonstrator will be achieved without the use of a top-up energy source (non plug-in petrol technology) and taking as its base an already very efficient production vehicle. | ||
49g CO2/km, 0 to 100km/h / 0 to 62 mph in 8 seconds This means halving the emissions of the most economical of the petrol engines (Fuel Economy) while obtaining acceleration worthy of a small sports car (so Fun and Efficient). | ||
Follow the steps of the project as of March 5, 2013 at www.mission49-8.com | ||
Peugeot and Total, partners moving towards the future | ||
Partners since 1995, Peugeot and Total groups are working together to significantly reduce the fuel consumption, emissions of CO2 and TCO (Total Cost of Ownership) of vehicles. | ||
The Total group and several of its entities (Lubricants, Fuels, Hutchinson, CCP Composites, Total Global Polymers) are actively involved alongside Peugeot in numerous R&D projects permitting the production of more environmentally-friendly vehicles. Total provides Peugeot and its networks worldwide with FE (Fuel Economy) lubricants designed to reduce vehicle consumption by reducing friction in the engine. So, over ten years, Total lubricants have contributed to a 5% reduction in emissions of CO2 on PSA engines. | ||
In France, close to 250 researchers are working on developing future automobile fuels and lubricants. The Total Excellium top-of-the-range fuels permit a reduction in fuel consumption. Today, the researchers of the Total group are developing biofuels, low sulphur fuels, energy economy lubricants (Fuel-Eco lubricants), special additives guaranteeing reduced emissions, but also innovative materials to lighten the structures and enhance performance. | ||
Peugeot is setting itself the goal of combining driving experience and sustainable mobility, regardless of the means of transport. So, it is the only automobile manufacturer to offer a comprehensive range of personal means of transport: bicycles, scooters, cars, light utility vehicles. |
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To achieve this, Peugeot is investing in a range of technology. Engines are an important area: continuous improvement of the efficiency of internal combustion engines, down-sizing strategy, standardisation of use of the particle emission filter, wider use of the Stop&Start, Diesel-electric hybrids, electric drive. Peugeot is also investing in the materials used to reduce the weight of the vehicles, increasing the proportion of green materials, without forgetting the connected services. | ||
The result of these developments is positive as the Marque has the lowest emissions of CO2 in Europe. The leader, its average rating has decreased by 7g/km to only 121.6g/km in 2012. So two in every three Peugeot vehicles emit less than 130g of CO2/km. | ||
In 2011, Peugeot and Total renewed their collaborative research and exclusive recommendation agreement. Today, the two companies are involved in a project to offer future generations with mobility that combines energy efficiency (Fuel Economy) and driving pleasure (Fun & Emotion). | ||
208 HYbrid FE, another way of moving towards the future | ||
To rise to this technological challenge, Total and Peugeot are combining their capacity for innovation to develop solutions for the mobility of future generations. | ||
Peugeot, the Research and Advanced Technology Division of the PSA group, the Total group and several of its entities (Total Lubricants, Hutchinson, CCP Composites, Total Global Polymers) are coordinated by Peugeot Sport, used in human challenges, state-of-the-art technology and hybrid developments. | ||
To give a firm foundation to this undertaking, the project is based on the very efficient 208 1.0 VTi 68hp, which will be extensively evolved. The style and the aerodynamics will be the first visible elements. Redesigned, the 208 HYbrid FE will be more aerodynamic with a much lower co-efficient of drag (Cd) than that of the production model, while retaining its occupant space. Special tyres and wheels will contribute to reduce rolling resistance. | ||
The weight reduction will be a major contributor to the performance. In fact, the teams expect to achieve a 200kg reduction in the weight of the vehicle. Hutchinson and CCP Composites, subsidiaries of the Total group, will contribute their expertise in composite materials and polycarbonates. These will be used for the body panels, the windows and also in the passenger compartment. | ||
The 208 HYbrid FE will also innovate with its hybrid drivetrain inspired by competition. It is a power unit which combines a 3-cylinder petrol engine and its EGC (Electronic Gearbox Controlled) gearbox with an electric motor and a battery taken directly from the endurance programmes. The engine will be adapted for this new application: special thermo-management and combustion cycle, reduction of friction, reduced weight of the reciprocating gears and of the cylinder head. | ||
The various stages of this project will be unveiled and can be followed from March 5, 2013 on www.mission49-8.com |
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Press contacts | ||||
Peugeot | Total | |||
www.peugeot-pressepro.com | ||||
Pierre-Yves Etienney \ +33(0) 762 629 891 pierreyves.etienney@peugeot.com |
Vincent Granier \ +33(0) 141 359 030 vincent.granier@total.com |
Peugeot | ||
Present in nearly 160 countries, with more than 10,000 points of contact, Peugeot combines rigorous design, appeal and passion in all its activities. | ||
In 2012, the Marque achieved 1,700,000 sales worldwide, reinforced its position as the 4th marque in Europe, accelerated its internationalisation in the major growth markets and continued its range enhancement. Peugeot is reaffirming its environmental commitment by introducing diesel micro-hybridation and the powering of three HYbrid4 models using innovative full diesel hybrid technology. | ||
Peugeot is the only marque to offer a complete mobility product range with cars and utility vehicles, scooters, bicycles and a wide range of services, including the Mu mobility service. | ||
Total | ||
Total is one of the top international petroleum and gas groups, operating in more than 130 countries. The Group is also a leader in the chemicals industry. Its 96,000 employees develop their expertise in all the sectors of these industries: exploration and production of petroleum and natural gas, refining and distribution, new energy sources, trading and chemicals. So, they contribute to meeting the worldwide demand for energy, present and future. www.total.com |
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United Kingdom: Total resumes production from the Elgin/Franklin area in the UK North Sea
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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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Paul NAVEAU Tel.: + 33 (0) 1 41 35 22 44
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
Paris, March 11, 2013 Total announces the restart of production on the Elgin/Franklin area on 9 March 2013, following the approval of the safety case by the UK Health and Safety Executive (HSE). Production resumes gradually and should soon reach close to 70,000 barrels of oil equivalent per day (boed; approximately 30,000 boed in Totals share), that is to say 50% of the production potential from the fields.
In order to recover by 2015 the production level which existed before the Elgin incident, a redevelopment project envisaging drilling of new infill wells on Elgin and Franklin is currently under study.
In addition, the West Franklin Phase II development project remains ongoing with production start-up scheduled for 2014.
Commenting on the restart of the fields, Yves-Louis Darricarrère, President of Total Upstream, said: Managing this industrial incident securely for our personnel and with limited impact on the environment was our priority. The causes of the incident are now known and all necessary measures have been taken to enable us to resume production and carry out future exploitation of the fields from the Elgin/Franklin area in the best safety conditions. Lessons learnt have been shared with the UK authorities and will also be shared with the wider industry. We now focus on continuing our development plans to bring back the full potential from these fields the soonest possible.
Production from the Elgin/Franklin area, which includes the Elgin, Franklin, West Franklin and Glenelg fields, totalled over 700 millions of barrels of oil equivalent (Mboe) by the end of 2012. The remaining reserves are in excess of 500 Mboe and were not impacted by the Elgin incident.
Production was stopped since 25 March 2012 when a gas leak caused by a combination of several unprecedented events occurred on the G4 well shut-in several months before. A thorough investigation led by Total revealed that the leak was caused by a type of stress corrosion which was unique to the G4 well and was fed from a so far non-producing chalk layer located approximately 1,000 meters above the original reservoir. |
The conclusions of this investigation have been taken into account to ensure that current and future operations are carried out with the utmost safety. A number of wells will be permanently abandoned and others will be evaluated additionally.
Total Exploration and Production in the United Kingdom
Total has been present in the United Kingdom since 1962 and is currently one of the countrys leading oil and gas operators. As such, TEP UK operates several fields in the Alwyn and the Elgin/Franklin areas as well as the gas terminal at St Fergus. It also owns interests in several non-operated fields.
Total continues to invest significantly in the UK and develops presently the Laggan-Tormore project (with an investment of £2.5 billion) and the West Franklin Phase II project. Additionally, in October 2012 Total obtained nine new exploration licences during the 27th licensing round. | ||
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
Vincent GRANIER Tel.: + 33 (0) 1 41 35 90 30
Paul NAVEAU Tel.: + 33 (0) 1 41 35 22 44
Hortense OURY Tel.: + 33 (0) 1 47 44 23 34
Florent SEGURA Tel.: + 33 (0) 1 47 44 31 38
Anastasia ZHIVULINA Tel.: + 33 (0) 1 47 44 76 29
TOTAL S.A. Capital 5 914 832 865 euros 542 051 180 R.C.S. Nanterre
www.total.com |
In 2012, the Islay gas field started producing in the second quarter of the year, and TEP UK contributed 5% of the Groups hydrocarbon production or 106,000 boed in Totals share.
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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
* * * * *
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 that the SECs 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 SECs website: www.sec.gov. |
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