6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

March 1, 2019

Commission File Number 001-10888

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              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 by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes              No  

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

TOTAL S.A. is providing on this Form 6-K a description of certain recent developments relating to its business.

TABLE OF CONTENTS

Exhibit 99.1	Fourth quarter and full-year 2018 results (February 7, 2019)
Exhibit 99.2	Total proposes a final dividend of 0.64 €/share and an annual dividend of 2.56 €/share for fiscal year 2018, an increase of 3.2% compared to 2017 (February 7, 2019)
Exhibit 99.3	Total Makes Significant Discovery And Opens A New Petroleum Province Offshore South Africa (February 7, 2019)
Exhibit 99.4	Disclosure of Transactions in Own Shares (February 14, 2019)
Exhibit 99.5	Saudi Aramco and Total Invest in High-Quality Fuels and Retail Network in Saudi Arabia (February 14, 2019)
Exhibit 99.6	France: Total, Ørsted and Elicio join forces to bid for a wind farm offshore Dunkirk (February 18, 2019)
Exhibit 99.7	Plastic Recycling: Total Acquires France's Synova (February 18, 2019)
Exhibit 99.8	Disclosure of Transactions in Own Shares (February 21, 2019)
Exhibit 99.9	Disclosure of Transactions in Own Shares (February 28, 2019)

EXHIBIT INDEX

Exhibit 99.1	Fourth quarter and full-year 2018 results (February 7, 2019)
Exhibit 99.2	Total proposes a final dividend of 0.64 €/share and an annual dividend of 2.56 €/share for fiscal year 2018, an increase of 3.2% compared to 2017 (February 7, 2019)
Exhibit 99.3	Total Makes Significant Discovery And Opens A New Petroleum Province Offshore South Africa (February 7, 2019)
Exhibit 99.4	Disclosure of Transactions in Own Shares (February 14, 2019)
Exhibit 99.5	Saudi Aramco and Total Invest in High-Quality Fuels and Retail Network in Saudi Arabia (February 14, 2019)
Exhibit 99.6	France: Total, Ørsted and Elicio join forces to bid for a wind farm offshore Dunkirk (February 18, 2019)
Exhibit 99.7	Plastic Recycling: Total Acquires France's Synova (February 18, 2019)
Exhibit 99.8	Disclosure of Transactions in Own Shares (February 21, 2019)
Exhibit 99.9	Disclosure of Transactions in Own Shares (February 28, 2019)

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: March 1, 2019	By:	/s/ ANTOINE LARENAUDIE
		Name:	Antoine LARENAUDIE
		Title:	Group Treasurer

EX-99.1

EXHIBIT 99.1

Press Release

Fourth quarter and full-year 2018 results

Paris, February 7, 2019 - Total’s Board of Directors met on February 6, 2019, and approved the Group’s 2018 accounts. Commenting on the results, Chairman and CEO Patrick Pouyanné said:

"Benefiting from the rise of oil prices to $71/b on average in 2018 compared to $54/b in 2017, while remaining volatile, the Group reported adjusted net income of $13.6 billion in 2018, an increase of 28%, a return on average capital employed close to 12%, the highest among the majors, and a pre-dividend breakeven below 30 $/b.

These excellent results reflect the strong growth of more than 8% for the Group’s hydrocarbon production, which reached a record level of 2.8 Mboe/d in 2018 and led to a 71% increase in Exploration & Production’s adjusted net operating income. The year was highlighted by the start-up of Ichthys in Australia, Yamal LNG in Russia, deep-water projects Kaombo North in Angola and Egina in Nigeria, as well as the counter-cyclical acquisitions of Maersk Oil and new offshore licenses in the UAE.

In addition, the Group maintained its financial discipline. Net investments were $15.6 billion in 2018, in line with its objective, and $4.2 billion in cost reduction was achieved. Debt-adjusted cash flow (DACF) was $26 billion in 2018, driven largely by the 31% increase in cash flow from Exploration & Production. The Group’s balance sheet was solid with a gearing ratio of 15.5%, below the target limit of 20%.

The Group is continuing to expand along the value chain of integrated gas and low-carbon electricity. With its acquisition of Engie’s LNG assets Total is the second largest publicly-traded player in the LNG business, and its position will be strengthened with the 2019 start-up of the Cameron LNG project. In addition, the Group accelerated its growth in low-carbon electricity, notably with the acquisition of Direct Energie.

In an environment of lower European refining margins, the Downstream relied on the availability of its units and the diversity of its portfolio to generate $6.5 billion of cash flow and profitability of more than 25%. The Group is continuing to implement its strategy for growth in petrochemicals by launching projects in the US, Saudi Arabia, South Korea and Algeria. Total has also continued to expand Marketing & Services in fast-growing areas, notably in Mexico, Brazil and Angola.

Conforming to the shareholder return policy announced in February 2018, the Group increased the 2018 dividend by 3.2% and bought back $1.5 billion of its shares in 2018. Given the solid financial position, which is benefiting from growing cash flow, the Board of Directors confirmed the shareholder return policy for 2019. It plans to increase the interim dividend by 3.1% to 0.66 euros per share, end the scrip dividend option following the general assembly meeting, and continue the share buyback policy in the amount of $1.5 billion in a 60 $/b environment."

[1] Definitions on page 2

1

Key figures²

* Average €-$ exchange rate: 1.1414 in the fourth quarter 2018 and 1.1810 in 2018.

Highlights since the beginning of the fourth quarter 201811

•Started up Ichthys LNG and the third liquefaction train at Yamal LNG

•Started up production at the Egina field in Nigeria

•Signed MOU with Sempra Energy for development of North American LNG projects

•Signed concession agreement with ADNOC to launch unconventional gas exploration program in Abu Dhabi

•Sold a 4% interest in the Ichthys project in Australia

•Acquired additional 10% interest in the Lapa field in Brazil

•Entered fuel distribution segment in Brazil

•Signed an agreement with Sonangol to launch a network of service stations in Angola

2 Adjusted results are defined as income using replacement cost, adjusted for special items, excluding the impact of changes for fair value; adjustment items are on page 11.
³ Tax on adjusted net operating income / (adjusted net operating income - income from equity affiliates - dividends received from investments - impairment of goodwill. + tax on adjusted net operating income).
4 In accordance with IFRS norms, adjusted fully-diluted earnings per share is calculated from the adjusted net income less the interest on the perpetual subordinated bond
5 Including acquisitions and increases in non-current loans.
6 Including divestments and reimbursements of non-current loans.
7 Net investments = gross investments - divestments - repayment of non-current loans - other operations with non-controlling interests.
8 Organic investments = net investments excluding acquisitions, asset sales and other operations with non-controlling interests.
9 Operating cash flow before working capital changes, previously referred to as adjusted cash flow from operations, is defined as cash flow from operating activities before changes in working capital at replacement cost. The inventory valuation effect is explained on page 14. The reconciliation table for different cash flow figures is on page 12.
10 DACF = debt adjusted cash flow, is defined as operating cash flow before working capital changes and financial charges.
11 Certain transactions referred to in the highlights are subject to approval by authorities or to other conditions as per the agreements.

2

Analysis of business segments

Exploration & Production

>Environment - liquids and gas price realizations*

    * Consolidated subsidiaries, excluding fixed margins.

>Production

Hydrocarbon production was 2,876 thousand barrels of oil equivalent per day (kboe/d) in the fourth quarter 2018, an increase of 10% compared to last year, due to:

•+12% for start-ups and ramp-ups on new projects, notably Yamal LNG, Ichthys, Fort Hills, Kaombo North and Kashagan.

•+ 2% portfolio effect. The integration of Maersk Oil, as well as the acquisition of an additional 0.5% of Novatek, were partially offset by the expiration of the Mahakam permit at the end of 2017 and the sales of Visund in Norway and Rabi in Gabon.

•-4% for natural field declines and PSC price effect.

In 2018, hydrocarbon production was 2,775 kboe/d, an increase of more than 8% compared to last year, due to:

•+9% for start-ups and ramp-ups on new projects, notably Yamal LNG, Moho Nord, Fort Hills, Kashagan, Kaombo Norte and Ichthys.

•+3%portfolio effect, mainly the addition of Maersk Oil, Al Shaheen in Qatar, Waha in Libya, Lapa and Iara in Brazil as well as the acquisition of an additional 0.5% of Novatek, were partially offset by the expiration of the Mahakam permit at the end of 2017 and the sales of Visund in Norway and Rabi in Gabon.

•-4% for natural field declines and PSC price effect.

3

>Results

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

** Tax on adjusted net operating income / (adjusted net operating income - income from equity affiliates - dividends received from investments - impairment of goodwill + tax on adjusted net operating income).

*** Excluding financial charges.

Exploration & Production adjusted net operating income was:

•2,476 M$ in the fourth quarter 2018, an increase of 37% compared to a year ago. The Group benefited fully from the increase in hydrocarbon prices and strong production growth.

•10,210 M$ in 2018, an increase of 71% compared to 2017 for the same reasons and despite a tax rate that increased in line with the increase in hydrocarbon prices.

Operating cash flow before working capital changes was 4.4 B$ in the fourth quarter 2018, an increase of 3% compared to the same quarter last year, partially offset by the decrease in oil prices in Canada, and 19.4 B$ in 2018, an increase of 31% for the reasons above. Exploration-Production generated 10.2 B$ of operating cash flow before working capital changes less organic investments in 2018.

The effective tax rate increased from 41.2% in 2017 to 46.5% in 2018, in line with the increase in oil prices.

Technical costs for the consolidated subsidiaries, calculated in accordance with ASC932¹² standards continued decreasing to 18.9 $/boe in 2018, including 5.7 $/boe of Opex, compared to 19.5 $/boe in 2017.

Gas, Renewables & Power

>Results

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

** Excluding financial charges

Adjusted net operating income for the Gas, Renewables & Power segment was 756 M$ in 2018, notably thanks to the good performance of LNG and gas/power trading activities. The acquisitions of Direct Energie and the LNG business of Engie account for the increase in investments to 3.5 B$ in 2018. The increase in working capital related to the consolidation of the acquisitions of Direct Energie and the LNG business of Engie was mainly responsible for the negative cash flow from operations in 2018.

12 FASB Accounting Standards Codification Topic 932, Extractive industries - Oil and Gas

4

Refining & Chemicals

>Refinery throughput and utilization rates*

* Includes share of TotalErg, and African refineries reported in the Marketing & Services segment.

** Based on distillation capacity at the beginning of the year.

Refinery throughput:

•increased by 2% in the fourth quarter 2018 compared to the fourth quarter 2017, thanks to the good availability of the units and their high utilization rate.

•was stable in 2018 compared to 2017. Lower throughput in Europe linked to planned maintenance, notably at Antwerp during the second quarter, was offset by higher throughput outside Europe.

>Results

 

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

** Excluding financial charges.

The European Refining Margin Indicator (ERMI) for the Group was 29.1 $/t in the fourth quarter 2018, a decrease of 18% compared to the fourth quarter 2017 and by 21% to 32.3 $/t for the full-year 2018, mainly due to rising crude oil prices. The petrochemicals environment remained favorable in the fourth quarter; although margins in Europe were lower than last year, affected by the higher price of raw materials.

In this context, Refining & Chemicals adjusted net operating income was resilient:

•900 M$ in the fourth quarter, an increase of 2% compared to the same period last year.

•3,379 M$ for the full-year 2018, a decrease of 11% compared to the previous year.

5

Marketing & Services

>Petroleum product sales

 

 * Excludes trading and bulk refining sales, includes share of TotalErg.

Petroleum product sales increased by 1% in 2018 compared to 2017. The sale of TotalErg in Italy was offset by higher sales in the rest of the world.

>Results

 

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

** Excluding financial charges.

Marketing & Services adjusted net operating income was stable in 2018 at 1,652 M$.

Group results

>Adjusted net operating income from business segments

Thanks notably to the strong performance by Exploration & Production, adjusted net operating income from the business segments was:

•3,885 M$ in the fourth quarter 2018, a 16% increase compared to the fourth quarter last year.

•15,997 M$ for 2018, an increase of 34% compared to 2017.

>Adjusted net income (Group share)

In line with the contribution from the segments, adjusted net income was:

•3,164 M$ in the fourth quarter 2018, a 10% increase compared to the fourth quarter last year.

•13,559 M$ for 2018, a 28% increase compared to 2017.

Adjusted net income excludes the after-tax inventory effect, special items and the impact of changes in fair value¹³.

Total adjustments affecting net income¹⁴ were:

•-2,032 M$ in the fourth quarter 2018, mainly due to a 1.1 B$ inventory effect linked to the decrease in oil prices and notably an impairment on Ichthys related to the sale of a partial interest by the Group.

•-2,113 M$ for 2018 for the reasons above as well as the impairment of production facilities by SunPower.

13 Details shown on page 11
¹⁴ Details shown on page 11 and in the annex to the financial statements.

6

The effective tax rate for the Group was:

•38.1% in the fourth quarter 2018, compared to 31.8% a year ago, due to the increase in the effective tax rate for Exploration & Production in line with higher hydrocarbon prices, and the larger contribution of this segment to the Group’s results this quarter.

•38.7% for 2018, compared to 31.1% for 2017, for the same reasons.

>Adjusted fully-diluted earnings per share and share buyback

Adjusted earnings per share increased by:

•6% to $1.17 in the fourth quarter 2018, calculated based on a weighted average of 2,637 million fully-diluted shares, compared to $1.10 in the fourth quarter 2017.

•23% to $5.05 for 2018, calculated based on a weighted average of 2,624 million fully-diluted shares, compared to $4.12 for 2017.

In the context of the shareholder return policy announced in February 2018, the Group has bought back shares since then, including:

•on the one hand, the buyback of shares issued in 2018 under the scrip dividend option in order to cancel any dilution related to the exercise of this option: 21.6 million shares repurchased in the fourth quarter 2018 and 47.2 million shares in 2018.

•on the other hand, the buyback of additional shares : 8.6 million shares repurchased in the fourth quarter 2018 for 500 M$ and 24.7 million shares in 2018 for 1.5 B$.

•on December 31, 2018, the number of fully-diluted shares was 2,623 million.

>Divestments - acquisitions

Asset sales:

•2,101 M$ in the fourth quarter 2018, comprised mainly of the sale of a 4% interest in the Ichthys project in Australia and the sale of the Group’s share of the LNG re-gas terminal at Dunkirk.

•5,172 M$ in 2018, comprised mainly of the elements above as well as the sale of Joslyn in Canada, Rabi in Gabon, the Martin Linge and Visund fields in Norway, an interest in Fort Hills in Canada, SunPower’s sale of its interest in 8point3, the marketing activities of TotalErg in Italy, the Marketing & Services network in Haiti, and the contribution of the Bayport polyethylene unit in the United States to the joint venture formed with Borealis and Nova in which Total holds 50%.

Acquisitions:

•350 M$ in the fourth quarter 2018, comprised mainly of the extension of licenses in Nigeria and the acquisition of a network of service stations in Brazil.

•8,314 M$ in 2018, comprised of the elements above as well as notably the acquisitions of Direct Energie, Engie’s LNG business, the increase in the share of Novatek to 19.4%, interests in the Iara and Lapa fields in Brazil, two new 40-year offshore concessions in Abu Dhabi and the acquisition of offshore assets from Cobalt in the Gulf of Mexico.

>Net cash flow

The Group’s net cash flow¹⁵ was :

•2,964 M$ in the fourth quarter 2018 compared to 2,317 M$ in the fourth quarter 2017, notably as a result of the 930 M$ decrease in net investments.

•8,961 M$ in 2018 compared to 9,499 M$ in 2017, as a result of a 3,932 M$ increase in net investments driven by the Group’s strategy of countercyclical acquisitions, partially offset by a 3,394 M$ increase in operating cash flow before changes in working capital.

¹⁵ Net cash flow = operating cash flow before working capital changes - net investments (including other transactions with non-controlling interests).

7

>Profitability

Return on equity rose to 12.2% for the twelve months ended December 31, 2018, an increase compared to the twelve months ended December 31, 2017.

Return on average capital employed was 11.8% for the twelve months ended December 31, 2018, an increase compared to the twelve months ended December 31, 2017.

TOTAL S.A., parent company accounts

Net income for TOTAL S.A., the parent company, was 5,485 M€ in 2018, compared to 6,634 M€ in 2017.

8

2019 Sensitivities*

* Sensitivities are revised once per year upon publication of the previous year’s fourth quarter results. Sensitivities are estimates based on assumptions about the Group’s portfolio in 2018. Actual results could vary significantly from estimates based on the application of these sensitivities. The impact of the $-€ sensitivity on adjusted net operating income is essentially attributable to Refining & Chemicals.

** Based on a 60 $/b Brent environment

Summary and outlook

Since the start of 2019, Brent has traded around $60/b in a context of oil supply and demand near the record-high level of 100 Mb/d. In a volatile environment, the Group is pursuing its strategy for integrated growth along the oil, gas and low-carbon electricity chains.

The Group has clear visibility on its 2019 cash flow, supported by the strong contribution of project start-ups in 2018 and recent acquisitions.

The Group maintains financial discipline to reduce its breakeven to remain profitable across a broader range of environments. In particular, it is targeting cost reductions of $4.7 billion, projected net investments of $15-16 billion in 2019 and an Opex target of 5.5 $/boe.

In Exploration & Production, production is expected to grow by more than 9% in 2019, thanks to the ramp-ups of Kaombo North, Egina and Ichthys plus the start-ups of Iara 1 in Brazil, Kaombo South in Angola, Culzean in the UK and Johan Sverdrup in Norway. Determined to take advantage of the favorable cost environment, the Group plans to launch projects in 2019, notably including Mero 2 in Brazil, Tilenga and Kingfisher in Uganda and Arctic LNG 2 in Russia.

The Group is pursuing its strategy for profitable growth along the integrated gas and low-carbon electricity chains. Effective 2019, the Group will report the new iGRP segment (integrated Gas, Renewables & Power) which combines the Gas, Renewables & Power segment with the upstream gas and LNG activities currently reported within the Exploration & Production segment.

Affected by an abundance of available products, European refining margins have been very volatile since the start of the year. In 2019, the Downstream will continue to rely on its diversified portfolio, notably its integrated Refining & Chemical platforms in the U.S. and Asia-Middle East as well as its non-cyclical Marketing & Services segment.

In this context, the Group is continuing to implement its shareholder return policy announced in February 2018, by increasing the dividend in 2019 by 3.1%, in line with the objective to increase the dividend by 10% over the 2018-20 period. Taking into account its strong financial position, the Group will eliminate the scrip dividend option from June 2019. Within the framework of its program to buy back $5 billion of shares over the 2018-20 period, the Group expects to buy back $1.5 billion of its shares in 2019 in a 60 $/b Brent environment.  

•  •  •

To listen to the presentation in English by CEO Patrick Pouyanne and CFO Patrick de La Chevardière today at 10:00 (London time) please log on to total.com or call +44 (0) 207 192 8338 in Europe or +1 646 741 3167in the United States (code: 7198797). For a replay, please consult the website or call +44 (0) 333 300 9785 in Europe or +1 917 677 7532in the United States (code: 7198797).

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investors Relations: +44 (0)207 719 7962 l ir@total.com

9

Operating information by segment

>Exploration & Production

 

 * Sales, Group share, excluding trading; 2017 data restated to reflect volume estimates for Bontang LNG in Indonesia based on the 2017 SEC coefficient.

10

>Downstream (Refining & Chemicals and Marketing & Services)

 

 * 2017 data restated.

** Includes share of TotalErg.

Adjustment items to net income (Group share)

 

Investments - Divestments

 

11

Cash flow

 

Gearing ratio

  

12

Return on average capital employed

>Twelve months ended December 31, 2018

 

>Twelve months ended September 30, 2018

  

>Twelve months ended December 31, 2017

  

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

13

This press release presents the results for the full-year 2018 from the consolidated financial statements of TOTAL S.A. as of December 31, 2018 (unaudited). The audit procedures by the Statutory Auditors are underway. The notes to these consolidated financial statements (unaudited) are available on the TOTAL website total.com. This document does not constitute the Annual Financial Report (Rapport Financier annuel) within the meaning of article L. 451.1.2 of the French monetary and financial code (code monétaire et financier).

This document may contain forward-looking information on the Group (including objectives and trends), as well as forward-looking statements 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. These data do not represent forecasts within the meaning of European Regulation No. 809/2004.

Such forward-looking information and statements included in this document are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future, and are subject to a number of risk factors that could lead to a significant difference between actual results and those anticipated, the price of petroleum products, the ability to realize cost reductions and operating efficiencies without unduly disrupting business operations, changes in regulations including environmental and climate, currency fluctuations, as well as economic and political developments and changes in business conditions. Certain financial information is based on estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto.

Neither TOTAL nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Further information on factors, risks and uncertainties that could affect the Group’s business, financial condition, including its operating income and cash flow, reputation or outlook is provided in the most recent Registration Document, the French language version of which is filed by the Company with the French Autorité des Marchés Financiers and annual report on Form 20-F filed with the United States 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. In addition to IFRS measures, certain alternative performance indicators are presented, such as performance indicators excluding the adjustment items described below (adjusted operating income, adjusted net operating income, adjusted net income), return on equity (ROE), return on average capital employed (ROACE) and gearing ratio. These indicators are meant to facilitate the analysis of the financial performance of TOTAL and the comparison of income between periods. They allow investors to track the measures used internally to manage and measure the performance of the Group.

These 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 Refining & Chemicals and Marketing & Services 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 price differentials 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

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, whose 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.

Euro amounts presented for the fully adjusted-diluted earnings per share represent dollar amounts converted at the average euro-dollar (€-$) exchange rate for the applicable period and are not the result of financial statements prepared in euros.

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 press release, such as "potential reserves" or "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 - Arche Nord Coupole/Regnault - 92078 Paris-La Défense Cedex, France, or at our website total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website sec.gov.

14

EX-99.2

Exhibit 99.2

Press Release

Total proposes a final dividend of 0.64 €/share and an annual dividend of 2.56 €/share for fiscal year 2018, an increase of 3.2% compared to 2017

Total announces the end of the scrip dividend option

Paris, February 7, 2019 - The Board of Directors met on February 6, 2019, and decided to propose to the Shareholders’ Meeting, which will be held on May 29, 2019, the distribution of an annual dividend of 2.56 €/share for fiscal year 2018, an increase of 3.2% compared to 2017, in accordance with the 2018-20 shareholder return policy announced in February 2018. Given the three 2018 interim dividends of 0.64 €/share decided by the Board of Directors, the final 2018 dividend will amount to 0.64 €/share.

In the context of the solid financial position of the Group, the Board of Directors decided to propose to this Meeting that the final 2018 dividend of 0.64 €/share be paid exclusively in cash. The Board of Directors also decided not to propose to this Meeting the renewal of the scrip dividend option for the 2019 interim dividends that the Board of Directors may decide, which will therefore be paid exclusively in cash.

Hence, subject to approval at the Combined Shareholders’ Meeting, shareholders and American Depositary Shares (ADS) holders will receive the final 2018 dividend in cash according to the following timetable:

	Shareholders	ADR holders
Ex-dividend date	June 11, 2019	June 7, 2019
Payment date	June 13, 2019	July 2, 2019

Furthermore, the Board of Directors also decided to amend the timetable for the third 2018 interim dividend announced on October 26, 2018, in accordance with new Euronext Paris market rules applicable to scrip dividends since January 1, 2019.

The timetable for the payment of this third interim dividend is revised as follows:

Third interim dividend timetable	In 2019
Ex-dividend date	March 19th
Record date	March 20th*
Period to opt in for the payment in new shares	March 21st** to March 28th
Payment in cash (opt out) /Delivery of the shares (opt in)	April 5th

*Previously on March 18^th.

**Previously on March 19^th.

1

Given that these rules only apply to shares listed on Euronext Paris, the timetable for ADS holders announced on October 26, 2018 remains unchanged.

The Board of Directors will meet on March 13, 2019 to set the conditions of this third 2018 interim dividend and, in particular the issuance price for the new shares to be issued.

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investors Relations: +44 (0)207 719 7962 l ir@total.com

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total" and "Total Group" are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

EX-99.3

Exhibit 99.3

Press Release

Total Makes Significant Discovery And Opens A New Petroleum Province Offshore South Africa

Paris, February 7, 2019 - Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa.

The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs. Following the success of the main objective, the well was deepened to a final depth of 3,633 meters and has also been successful in the Brulpadda-deep prospect.

"We are very pleased to announce the Brulpadda discovery which was drilled in a challenging Deepwater environment", said Kevin McLachlan, Senior Vice President Exploration at Total. "With this discovery, Total has opened a new world-class gas and oil play and is well positioned to test several follow-on prospects on the same block."

Total drilled this exploration well with the latest generation drilling ship and was able to leverage its experience in similar environments, such as the West of Shetland, UK.

Following the success of Brulpadda and confirmation of the play potential, Total and its partners plan to acquire 3D seismic this year, followed by up to four exploration wells on this license.

The Block 11B/12B covers an area of 19,000 square kilometers, with water depths ranging from 200 to 1,800 meters, and is operated by Total with a 45% working interest, alongside Qatar Petroleum (25%), CNR international (20%) and Main Street, a South African consortium (10%).

* * * * *

1

 

About Total in South Africa

Total has been present in South Africa since 1954. The Group is active on the whole oil and gas value chain and directly employs 1,000 people in the country.

Upstream, Total has developed oil and gas exploration activities in the Outeniqua basin with operating interests in two blocks, 11B /12B and South Outeniqua.

Downstream, Total, which is ranked in the top four petroleum products market companies in South Africa, operates about 550 service stations throughout the country and is present in all other business segments (lubricants, B2B, aviation, LPG, other specialties).

It also has interest in the Natref refinery in Sasolburg.

Through our SunPower affiliate, Total has also been developing solar projects and locally producing photovoltaic panels. Since 2016, its Prieska solar power plant (installed capacity of 75 megawatt-peak), located in the Northern Cape, has been supplying electricity to the equivalent of 70,000 households.

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

2

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total" and "Total Group" are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

EX-99.4

Exhibit 99.4

Disclosure of Transactions in Own Shares

Paris, February 14, 2019 - In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on June 1^st, 2018 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from February 08, 2019 to February 13, 2019:

Transaction date	Total daily volume (number of shares)	Daily weighted average purchase price of the shares (EUR/share)	Amount of transactions (EUR)	Market (MIC Code)
08.02.2019	118,684	48.4182	5,746,466	XPAR
08.02.2019	4,341	48.4205	210,193	BATE
08.02.2019	45,830	48.4352	2,219,785	CHIX
08.02.2019	17,000	48.4400	823,480	TRQX
11.02.2019	74,404	48.7783	3,629,299	XPAR
11.02.2019	-	-	-	BATE
11.02.2019	7,092	48.8214	346,241	CHIX
11.02.2019	500	48.9050	24,453	TRQX
12.02.2019	53,066	49.0918	2,605,103	XPAR
12.02.2019	9,422	49.1058	462,674	BATE
12.02.2019	18,983	49.1057	932,174	CHIX
12.02.2019	-	-	-	TRQX
13.02.2019	50,947	48.9921	2,495,999	XPAR
13.02.2019	11,517	48.9929	564,251	BATE
13.02.2019	19,180	48.9946	939,716	CHIX
13.02.2019	-	-	-	TRQX
Total	430,966	48.7274	20,999,834

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

Total contacts

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

EX-99.5

Exhibit 99.5

Press Release

Saudi Aramco and Total Invest in

High-Quality Fuels and Retail Network in Saudi Arabia

Dhahran / Paris, February 14, 2019 - Saudi Aramco and Total today signed a Joint Venture (JV) Agreement to develop a network of fuel and retail services in Saudi Arabia. The 50:50 JV plans to invest around USD 1 billion over the next 6 years in the Saudi fuel retail market and start providing motorists with premium fuels and retail services in Saudi Arabia.

"Total is proud to be the first international oil major to invest in Saudi Arabia’s fuel retail network. This joint venture agreement is in line with our global strategy to expand in fast-growing markets worldwide." said Momar Nguer, President Marketing and Services and Executive Committee Member at Total, "This new agreement is also reaffirming our long-term partnership with Saudi Aramco. Following our joint investments in SATORP refining and petrochemical complex, we are pleased to bring to the Saudi market our expertise and customer-minded approach in retail and contribute to local employment development."

 "I am excited about this major milestone, which will help transform the fuel retail market in the Kingdom. We look forward to working together with our long-term partner Total, and draw on their extensive experience in the fuel retail market," said Abdulaziz Al-Judaimi, Saudi Aramco Senior Vice President of Downstream. He added: "We aim to enhance the quality of services, as well as create thousands of jobs and additional investment opportunities in the Kingdom. This project will also help optimize the total value of our hydrocarbon resources."

The two companies have also signed an agreement with the owners of Tas’helat Marketing Company (TMC) and Sahel Transport Company (STC) to acquire TMC and STC, thereby jointly acquiring their existing network of 270 service stations and their fuel tanker fleet. Saudi Aramco and Total plan to modernize this network and build high-quality service stations at selected locations.

This operation is subject to prior approval of the competent administrative authorities.

* * * * *

1

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

About Saudi Aramco

Saudi Aramco is a global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. www.saudiaramco.com

Media Relations: international.media@aramco.com l @Saudi_Aramco

* * * * *

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total" and "Total Group" are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

EX-99.6

Exhibit 99.6

Press Release

France: Total, Ørsted and Elicio join forces to bid for a wind farm offshore Dunkirk

Paris, 18 February 2019 - Total, a major energy player, Ørsted, renewable major, and Elicio, a renewable energy producer preselected by the French Energy Regulatory Commission, announce the creation of an industrial consortium to submit a joint bid for the Dunkirk offshore wind farm project for a power capacity of up to 600 MW.

"Total's participation in this offshore wind bid is in line with our strategy to develop low-carbon electricity business in Europe. Our recognized offshore oil and gas know-how combined with Ørsted market-leading expertise across the offshore wind energy value chain, as well as that of Elicio, an experienced developer qualified from the beginning of the bid, provide a solid foundation for success of a safe and competitive project," commented Philippe Sauquet, President Gas, Renewables and Power at Total.

Martin Neubert, Chief Executive Officer of Ørsted Offshore, said: "Offshore wind can contribute significantly to France’s renewable energy targets. As the world-leading offshore wind developer, we bring an unparalleled track-record in developing, constructing and operating offshore wind farms to the consortium, and the combined competencies of Ørsted, Total and Elicio are ideal to help France unleash its significant potential for developing clean power from offshore wind."

Emile Dumont, President of Elicio France, said: "Wind energy has significant growth potential in France and is at the heart of Elicio’s strategy to contribute towards a cleaner and cost-effective energy powered world. Further to Elicio’s successful preselection for the French round 3 competitive dialogue and by joining our unique expertise and experience, we are committed, with our partners Total and Ørsted, to making this tender a milestone in the French offshore wind sector. "

About Ørsted

Ørsted is a world leader in offshore wind power that manages more than a quarter of the world's installed capacity. Ørsted develops, constructs and operates offshore and onshore wind farms, bioenergy plants and innovative waste-to-energy solutions and provides smart energy products to its customers. Headquartered in Denmark, Ørsted employs 6,000 people. Ørsted’s shares are listed on Nasdaq Copenhagen (Orsted). In 2017, the group’s revenue was DKK 59.5 billion (EUR 8.0 billion). The Ørsted vision is a world that runs entirely on green energy. https://www.orsted.com

1

About Elicio

Elicio is an energy producer active in the renewable energy sector, and more particularly in onshore and offshore wind in France, Belgium as well as internationally. Elicio is already participating in the Belgian offshore wind projects Norther, Rentel and SeaMade. Elicio actively operates within all aspects of renewable energy by successfully developing, engineering, constructing and operating its projects in-house. As a young company, Elicio focuses on projects that contribute to a more sustainable world, a more responsible society and on a long-term vision for its shareholders. https://www.elicio.be

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

Ørsted contacts

Media Relations: Tom Lehn-Christiansen l +45 99 55 60 17 l tomlc@orsted.dk

Elicio contacts

Media Relations: Filip Dewulf l +32 59 56 97 00 l Filip.dewulf@elicio.be

Total contacts

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total" and "Total Group" are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.

EX-99.7

Exhibit 99.7

                                      Press release

Plastic Recycling:
Total Acquires France’s Synova

Paris, February 18, 2019 - Total today announces that it has acquired Synova, a French leader in manufacturing high-performance recycled polypropylene for the automotive sector.

Synova produces 20,000 tonnes per year of polypropylene that meets the highest quality standards of original equipment manufacturers and automakers from recycled plastics.

Combining Synova’s recycling expertise and Total’s polymers know-how will increase the supply of recycled polypropylene for automotive applications that deliver the same performance as virgin polymers.

"By contributing to the lighter weight of vehicles, plastics improve their energy efficiency and reduce CO₂ emissions. Producing them from recycled materials will also meet the challenge of managing their end of life," explained Bernard Pinatel, President Refining & Chemicals, Total. "The acquisition of Synova is a concrete proof of our commitment to developing plastic recycling. It reinforces the activities we already carry out in recycling and contributes to Total’s ambition to be the responsible energy major."

Total and Plastics Recycling

Total is a founding member of the Alliance to End Plastic Waste, which brings together nearly 30 companies from across the plastics and consumer goods value chain. They are committed over $1.0 billion with the goal of investing $1.5 billion over the next five years to help end plastic waste pollution in the environment, particularly in the oceans.

The Group is working on all types of recycling in order to emerge high-performance recycled polymers.

For example, Total produces Circular Compounds®, polypropylene and polyethylene containing at least 50% recycled materials and offering the same properties as virgin polymers.

Total is also associated with Citeo, Saint-Gobain and Syndifrais in a project aiming at the emergence of a polystyrene recycling system in France by 2020. The feasibility of a large-scale production will be validated at our industrial sites in Carling (France) and Feluy (Belgium).

In addition, Total is one of the world leaders in bioplastics. Our joint venture Total Corbion PLA owns in Thailand a plant with a capacity of 75,000 tonnes per year of PLA, a 100% biobased, recyclable and biodegradable bioplastic.

1

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

Total contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

Cautionary note

This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms "Total" and "Total Group" are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words "we", "us" and "our" may also be used to refer to subsidiaries in general or to those who work for them.

This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise

EX-99.8

Exhibit 99.8

Disclosure of Transactions in Own Shares

Paris, February 21, 2019 - In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on June 1^st, 2018 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from February 14, 2019 to February 20, 2019:

Transaction date	Total daily volume (number of shares)	Daily weighted average purchase price of the shares (EUR/share)	Amount of transactions (EUR)	Market (MIC Code)
14.02.2019	105,625	49.0155	5,177,262	XPAR
14.02.2019	13,179	49.0509	646,442	BATE
14.02.2019	40,427	49.0506	1,982,968	CHIX
14.02.2019	-	-	-	TRQX
15.02.2019	101,254	49.4006	5,002,007	XPAR
15.02.2019	14,453	49.4073	714,083	BATE
15.02.2019	46,225	49.4077	2,283,873	CHIX
15.02.2019	-	-	-	TRQX
18.02.2019	172,414	49.5151	8,537,098	XPAR
18.02.2019	15,079	49.5425	747,052	BATE
18.02.2019	54,831	49.5308	2,715,822	CHIX
18.02.2019	-	-	-	TRQX
19.02.2019	123,090	49.4661	6,088,779	XPAR
19.02.2019	14,690	49.4729	726,757	BATE
19.02.2019	44,154	49.4730	2,184,431	CHIX
19.02.2019	-	-	-	TRQX
20.02.2019	119,969	49.5150	5,940,268	XPAR
20.02.2019	16,069	49.5251	795,819	BATE
20.02.2019	45,736	49.4994	2,263,904	CHIX
20.02.2019	-	-	-	TRQX
Total	927,195	49.4034	45,806,565

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

Total contacts

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com

EX-99.9

                                                               Exhibit 99.9

Disclosure of Transactions in Own Shares

Paris, February 28, 2019 - In accordance with the authorization given by the combined ordinary and extraordinary shareholders’ general meeting on June 1^st, 2018 to trade on its shares and pursuant to applicable law on share repurchase, TOTAL S.A. (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from February 21, 2019 to February 27, 2019:

Transaction date	Total daily volume (number of shares)	Daily weighted average purchase price of the shares (EUR/share)	Amount of transactions (EUR)	Market (MIC Code)
21.02.2019	134,944	49.5473	6,686,116	XPAR
21.02.2019	17,927	49.5544	888,362	BATE
21.02.2019	48,947	49.5536	2,425,501	CHIX
21.02.2019	-	-	-	TRQX
22.02.2019	165,944	49.8198	8,267,291	XPAR
22.02.2019	17,330	49.9399	865,459	BATE
22.02.2019	46,724	49.9449	2,333,626	CHIX
22.02.2019	-	-	-	TRQX
25.02.2019	213,594	49.7836	10,633,478	XPAR
25.02.2019	24,449	49.8282	1,218,249	BATE
25.02.2019	87,366	49.7957	4,350,449	CHIX
25.02.2019	-	-	-	TRQX
26.02.2019	168,950	49.4609	8,356,423	XPAR
26.02.2019	18,923	49.4766	936,246	BATE
26.02.2019	62,535	49.4639	3,093,224	CHIX
26.02.2019	-	-	-	TRQX
27.02.2019	124,569	50.0154	6,230,370	XPAR
27.02.2019	19,071	50.0080	953,702	BATE
27.02.2019	56,313	50.0046	2,815,908	CHIX
27.02.2019	-	-	-	TRQX
Total	1,207,586	49.7310	60,054,405

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the Total website: https://www.total.com/en/investors/shares-and-dividends/Total-shares/Company-share-transactions

About Total

Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.

* * * * *

Total contacts

Media Relations: +33 1 47 44 46 99 l presse@total.com l @TotalPress

Investor Relations: +44 (0)207 719 7962 l ir@total.com