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

April 30, 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	Total launches full-field production on Kaombo with the start-up of the second FPSO (April 2, 2019)
Exhibit 99.2	Total and Guanghui sign a Long-Term LNG Sale and Purchase Agreement (April 3, 2019)
Exhibit 99.3	Total further commits to Tellurian-led Driftwood LNG project through 2.5 Mtpa of LNG offtake and equity investments (April 3, 2019)
Exhibit 99.4	Results of the option to receive the third 2018 interim dividend in shares (April 3, 2019)
Exhibit 99.5	Saft joins forces with the Chinese Group Tianneng to grow in China and scale up its e-mobility and energy storage businesses (April 4, 2019)
Exhibit 99.6	Creation of the Integrated Gas, Renewables & Power business segment - Restatement of key figures of the business segments for the years 2017 and 2018 (April 5, 2019)
Exhibit 99.7	Total strengthens its presence in natural gas in Oman (April 8, 2019)
Exhibit 99.8	Total and the State of Papua New Guinea sign Gas Agreement for Papua LNG project (April 9, 2019)
Exhibit 99.9	European Businesses Pledge Action To Deal With The Urgent Challenges Of The 21st Century (April 24, 2019)
Exhibit 99.10	First quarter 2019 results (April 26, 2019)
Exhibit 99.11	Total announces the first 2019 interim dividend of €0.66/share, an increase of 3.1% compared to 2018 (April 26, 2019)

EXHIBIT INDEX

Exhibit 99.1	Total launches full-field production on Kaombo with the start-up of the second FPSO (April 2, 2019)
Exhibit 99.2	Total and Guanghui sign a Long-Term LNG Sale and Purchase Agreement (April 3, 2019)
Exhibit 99.3	Total further commits to Tellurian-led Driftwood LNG project through 2.5 Mtpa of LNG offtake and equity investments (April 3, 2019)
Exhibit 99.4	Results of the option to receive the third 2018 interim dividend in shares (April 3, 2019)
Exhibit 99.5	Saft joins forces with the Chinese Group Tianneng to grow in China and scale up its e-mobility and energy storage businesses (April 4, 2019)
Exhibit 99.6	Creation of the Integrated Gas, Renewables & Power business segment - Restatement of key figures of the business segments for the years 2017 and 2018 (April 5, 2019)
Exhibit 99.7	Total strengthens its presence in natural gas in Oman (April 8, 2019)
Exhibit 99.8	Total and the State of Papua New Guinea sign Gas Agreement for Papua LNG project (April 9, 2019)
Exhibit 99.9	European Businesses Pledge Action To Deal With The Urgent Challenges Of The 21st Century (April 24, 2019)
Exhibit 99.10	First quarter 2019 results (April 26, 2019)
Exhibit 99.11	Total announces the first 2019 interim dividend of €0.66/share, an increase of 3.1% compared to 2018 (April 26, 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: April 30, 2019	By:	/s/ ANTOINE LARENAUDIE
		Name:	Antoine LARENAUDIE
		Title:	Group Treasurer

EX-99.1

EXHIBIT 99.1

Press Release

Angola: Total launches full-field production on Kaombo

with the start-up of the second FPSO

Paris, April 2, 2019 - Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, in water depths ranging from 1,400 to 2,000 meters.

Eight months after its sister ship, Kaombo Norte, came on stream, Kaombo Sul will add 115,000 barrels of oil per day (bopd) and bring the overall production capacity to 230,000 bopd, equivalent to 15% of the country’s production. The associated gas from Kaombo Sul will be exported to the Angola LNG plant, as part of the Group’s commitment to stop routine flaring.

"Leveraging the experience of Kaombo Norte, Kaombo Sul started up in the best possible conditions. This second FPSO stands out as an excellent example of standardization to reduce costs and improve efficiency. Its start-up will contribute to the Group’s cash flow and production growth in 2019 and beyond," stated Arnaud Breuillac, President Exploration & Production at Total. "This achievement demonstrates once again Total’s commitment to Angola, as the Group develops short cycle projects on Block 17 in parallel and prepares to drill an exploration well on Block 48." 

The full Kaombo development consists of six fields spread over an area of 800 km². Gengibre, Gindungo and Caril were connected to the Kaombo Norte FPSO which started up last year, while the three fields, Mostarda, Canela and Louro, have now been connected to Kaombo Sul. (see map)

The project comprises a large subsea system including 59 wells (with over 60% of them already drilled), and two FPSO units which were converted from Very Large Crude Carriers.

Kaombo also sets a new record in terms of local content in Angola as 20% of the 110 million project hours were worked locally.

Total operates Block 32 with a 30% participating interest, along with Sonangol P&P (30%), Sonangol Sinopec International 32 Limited (20%), Esso Exploration & Production Angola (Overseas) Limited (15%) and Galp Energia Overseas Block 32 B.V. (5%).

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Total in Angola

Present in Angola since 1953, Total is the country's leading oil operator. Total's production averaged 211,000 barrels of oil equivalent per day in 2018 from Blocks 0, 14, 14K, 17, and 32, as well as Angola LNG.

In addition to the Block 32, which started up production in July 2018 with Kaombo Norte, Total operates Block 17 (with a 40% interest) where investment decisions were taken in 2018 to launch three new satellite projects: Zinia 2, Clov 2 and Dalia 3.

Total is a partner in Blocks 0 (10%), 14 (20%), 14K (36.75%) and 16/06 (65%), as well as in Angola LNG (13.6%), and in different exploration licenses. In 2018, the Group signed a risk service agreement with Sonangol for the deepwater Block 48 exploration license, which Total will operate.

Last year, Total and Sonangol also created a joint venture to develop a network of service stations in Angola, including petroleum product logistics and supply.

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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.

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as 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 No. 1-10888 available from us at TOTAL S.A. — Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex — France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

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EX-99.2

EXHIBIT 99.2

Press Release

Total and Guanghui sign a Long-Term LNG Sale and Purchase Agreement

Paris, April 3, 2019 - Total and Guanghui¹ have signed a long-term Sale and Purchase Agreement (SPA) for the supply of 0.7 million tonnes per year of liquefied natural gas (LNG) for a period of 10 years. The gas will be delivered to Guanghui’s regasification terminal in Qidong, Jiangsu Province, from Total’s global LNG portfolio.

 "We are delighted to start a long-term relationship with Guanghui, an increasingly successful LNG market player in China with clear ambitions for growth. This new supply contract is in line with Total’s strategy to expand its presence in the Chinese LNG market, which grew by over 41% in 2018 and will continue to be a key driver of the LNG markets growth in the future," commented Laurent Vivier, Senior Vice-President Gas at Total.

Total, the Second-Largest Private Global LNG Player

Total is the second-largest Private global LNG player among the majors, with an overall LNG portfolio of around 40 Mtpa by 2020 and a worldwide market share of 10%. With 21.8 million tonnes of LNG managed in 2018, the Group has solid and diversified positions across the LNG value chain. Through its stakes in liquefaction plants located in Qatar, Nigeria, Russia, Norway, Oman, the United Arab Emirates, the United States, Australia, Angola and Yemen, the Group sells LNG in all global markets.

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.

[1] Guanghui International Natural Gas Trading Co., Ltd, a subsidiary of Guanghui Energy Co., Ltd, an integrated energy company based in Xinjiang, China.

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* * * * *

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.

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EX-99.3

EXHIBIT 99.3

Press Release

Total further commits to Tellurian-led Driftwood LNG project through 2.5 Mtpa of LNG offtake and equity investments

Paris, April 3, 2019 - Total and Tellurian signed a series of agreements strengthening the partnership between the two companies to develop the Driftwood LNG project located in Louisiana, USA. The agreements include:

•A Heads of Agreement (HoA) upon which Total will invest in Driftwood Holdings and will offtake 2.5 Million tons per annum (Mtpa) of LNG. More precisely:

a.Total will make a $500 million equity investment in the Driftwood LNG and purchase 1 Mtpa of LNG from the proposed project;

b.Tellurian and Total will also enter into a sales and purchase agreement (SPA) for a further 1.5 Mtpa of LNG from Tellurian Marketing’s LNG offtake volumes from the Driftwood LNG. The SPA will be for the purchase of LNG free on board (FOB) for a minimum term of 15 years, at a price based on the Platts Japan Korea Marker (JKM).

•An Agreement whereby Total will purchase around 20 million shares of Tellurian common stock for an amount of 200 million US dollars.

The agreements are subject to the relevant regulatory approvals and to the Final Investment Decision (FID) of the Driftwood LNG project.

"These agreements increase our commitment to Driftwood LNG, a highly cost-competitive project that benefits from the low gas production costs and prices in the US. In line with our strategy to become a major LNG portfolio player, this transaction will add 2.5 Mtpa of competitive US LNG to Total’s portfolio and strengthen our positions in the US, outlined Patrick Pouyanné, Chairman and CEO of Total. As a strategic partner of Tellurian, we are confident to further invest in the company and become an investor and a customer of Driftwood LNG."

Driftwood LNG is an integrated LNG project that includes building gas pipelines from gas producing areas in Texas and a low cost modular concept liquefaction plant with a capacity of 16.6 Mtpa (Phase 1) and a possibility of increase to 27.6 Mtpa.

Total is a shareholder of Tellurian since 2017, after the Group acquired approximately 46 million shares of Tellurian for an amount of 207 million US dollars.

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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.

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as 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 No. 1-10888 available from us at TOTAL S.A. — Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex — France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

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EX-99.4

EXHIBIT 99.4

Press Release

Results of the option to receive the third 2018 interim dividend in shares

Paris, April 3, 2019 - The Board of Directors of Total S.A. met on March 13, 2019, and declared a third 2018 interim dividend of €0.64 per share and offered, under the conditions set by the fourth resolution at the Combined Shareholders’ Meeting of June 1st, 2018, the option for shareholders to receive the third 2018 interim dividend in cash or in new shares of the Company.

The period for exercising the option ran from March 21, 2019 to March 28, 2019. At the end of the option period, 44% of rights were exercised in favour of receiving the payment for the third 2018 interim dividend in shares.

14,864,169 new shares will be issued, representing 0.6% of the Company’s share capital on the basis of the share capital as of March 31, 2019. The share price for the new shares to be issued as payment of the third 2018 interim dividend was set at €49.30 on April 5, 2019. The price is equal to the average opening price on Euronext Paris for the twenty trading days preceding the Board of Directors of March 13, 2019, reduced by the amount of the third 2018 interim dividend, without any discount.

The settlement and delivery of the new shares as well as their admission to trading on Euronext Paris will occur on April 5, 2019. The shares will carry immediate dividend rights and will be fully assimilated with existing shares already listed.

In line with the shareholder return policy announced on February 8, 2018, in order to avoid any dilution linked to the issuance of new shares, the Group will buy back these newly issued shares with the intention to cancel them.

As a reminder, the Board of Directors has decided not to propose to the Shareholders’ Meeting of May 29, 2019 the renewal of the scrip dividend option beginning with the payment of the final 2018 dividend.

The cash dividend to be paid to the shareholders who did not elect to receive the third 2018 interim dividend in shares amounts to 928 million euros and the date for the payment in cash is set from April 5, 2019.

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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.

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EX-99.5

EXHIBIT 99.5

Press Release

Saft join forces with the Chinese Group Tianneng to grow in China and scale up its e-mobility and energy storage businesses

Paris, April 4, 2019 - Saft, a subsidiary of Total, has signed an agreement with Tianneng Energy Technology (TET), a subsidiary of the Chinese privately-owned Tianneng Group, to create a joint venture (JV) to expand their lithium-ion activity. Manufacturing will be based at the Changxing Gigafactory, with a potential capacity of 5.5 gigawatt hours (GWh), among which several GWh are already in operation. Saft will have a 40% shareholding in the new JV, while the Tianneng Group will hold the remaining shares.

The JV will primarily focus on the development, manufacturing and sales of advanced Li-ion cells, modules and packs for China and worldwide markets. E-bikes and Electric Vehicles (EV), as well as Energy Storage Solutions (ESS) will be the target markets.

The partners also plan to expand the Changxing facility to ramp up its production capacity to meet future growing demand, mainly driven by e-mobility sales and the development of renewables.

"This is a first strategic move driven by Total, following the acquisition of Saft in 2016, to grow Saft's activity in China, the world’s largest renewables market, as well as in the ESS segment as an essential component to the large scale development of intermittent renewable energies," said Patrick Pouyanné, Chairman and CEO of Total. "The JV will allow Saft to join forces with a Chinese partner, a world leading lead acid battery manufacturer, willing to develop its lithium-ion activities. It will also give Saft access to China’s booming battery market as well as highly-competitive mass production capacity to accelerate its growth."

"This partnership enables us to benefit from Saft’s 30 years of experience and strong technical leadership in Li-ion cells," said Tianneng Chairman Mr. Tianren Zhang. "Saft’s outstanding reputation for high quality products will be crucial in providing the JV with the market credibility vital to expand our business."

"We are delighted to start building a long-term partnership with Tianneng with a shared industrial vision," said Ghislain Lescuyer, Saft CEO. "This JV will allow us to make a step change and significantly increase our footprint in the Chinese Li-ion market that will represent over 40% of the global demand by 2025 and to develop our worldwide activities."

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About Tianneng

The Tianneng Group is the leading privately-owned Chinese battery manufacturer founded in 1986. It has around 20,000 employees and eight production sites across China. Tianneng Energy Technology is a 100 percent subsidiary that consolidates all of the group’s Li-ion production.

About Saft

Saft specializes in advanced technology battery solutions for industry, from the design and development to the production, customization and service provision. For 100 years, Saft’s longer-lasting batteries and systems have provided critical safety applications, back-up power and propulsion for our customers. Our innovative, safe and reliable technology delivers high performance on land, at sea, in the air and in space. Saft is powering industry and smarter cities, while providing critical back-up functionality in remote and harsh environments from the Arctic Circle to the Sahara Desert. Saft is a wholly-owned subsidiary of Total, a leading international oil and gas company and a major player in low-carbon energies.

We energize the world. www.saftbatteries.com

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

Saft contacts

Karen Hollington, Corporate communications manager

Tel.: +33 1 58 63 16 60, e-mail: karen.hollington@saftbatteries.com

 * * * * *

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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.

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EX-99.6

EXHIBIT 99.6

April 5, 2019

Creation of the Integrated Gas, Renewables & Power business segment

Restatement of key figures of the business segments for the years 2017 and 2018

The profitable growth in the gas and low carbon electricity integrated value chains is one of the key axes of Total’s strategy. In order to give more visibility to these businesses, a new reporting structure for the business segments’ financial information has been put in place, effective January 1, 2019 and organized around four business segments: Exploration & Production (EP), Integrated Gas, Renewables & Power segment (iGRP), Refining & Chemicals (RC) and Marketing & Services (MS).

The iGRP segment spearheads Total’s ambitions in integrated gas (including LNG, liquefied natural gas) and low carbon electricity businesses. It consists of the upstream and midstream LNG activity that was previously reported in the EP segment (refer to the indicative list of assets in the Annex) and the activity previously reported in the Gas Renewables & Power segment. The new EP segment is adjusted accordingly.

The RC and MS segments are not affected.

The tables below show the key figures for the years 2017 and 2018 restated in order to reflect these changes.

Group hydrocarbon production

	2017	2018	1Q18	2Q18	3Q18	4Q18
Group production (kboe/d)	2,566	2,775	2,703	2,717	2,804	2,876
EP (kboe/d)*	2,165	2,394	2,359	2,375	2,433	2,408
iGRP (kboe/d)*	401	381	344	342	371	468
Group production (kboe/d)	2,566	2,775	2,703	2,717	2,804	2,876
Oil (including bitumen) (kb/d)	1,167	1,378	1,297	1,400	1,431	1,382
Gas (including Condensates and associated LPG) (kboe/d)	1,398	1,397	1,406	1,317	1,373	1,493
Group production (kboe/d)	2,566	2,775	2,703	2,717	2,804	2,876
Liquids (kb/d)	1,346	1,566	1,481	1,582	1,611	1,589
Gas (Mcf/d)	6,662	6,599	6,664	6,176	6,557	6,994
EXPLORATION & PRODUCTION
Hydrocarbon production	2017	2018	1Q18	2Q18	3Q18	4Q18
EP (kboe/d)	2,229	2,394	2,359	2,375	2,433	2,408
Liquids (kb/d)	1,310	1,527	1,445	1,544	1,575	1,541
Gas (Mcf/d)	4,995	4,724	4,976	4,536	4,678	4,710

* 2017 data corrected since publication on April 5, 2019

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EP - Exploration-Production (redefined scope)

> Production

Hydrocarbon production	2017*	2018	1Q18	2Q18	3Q18	4Q18
EP (kboe/d)	2,165	2,394	2,359	2,375	2,433	2,408
Liquids (kb/d)	1,298	1,527	1,445	1,544	1,575	1,541
Gas (Mcf/d)	4,728	4,724	4,976	4,536	4,678	4,710

* 2017 data corrected since publication on April 5, 2019

> Key financial metrics

In millions of dollars	2017	2018	1Q18	2Q18	3Q18	4Q18
Adjusted operating income	6,208	13,408	2,902	3,726	3,947	2,833
Effective tax rate	40.5%	46.2%	48.7%	46.6%	47.5%	41.2%
Adjusted net operating income	4,541	8,547	1,817	2,315	2,439	1,976
including income from equity affiliates	827	1140	228	327	316	269
Investments	10,005	13,789	5,545	2,612	2,472	3,160
Divestments	1,793	3,674	2,176	466	494	538
Organic investments	9,110	7,953	1,798	1,785	1,605	2,765
Operating cash flow before working capital changes *	12,758	17,832	3,921	4,800	5,200	3,911
Cash flow from operations *	10,719	18,537	3,322	4,474	4,431	6,310

* Excluding financial charges

Note: For definitions, refer to the Group quarterly result press release

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iGRP - Integrated Gas, Renewables & Power

> Production and LNG sales

Hydrocarbon production	2017*	2018	1Q18	2Q18	3Q18	4Q18
iGRP (kboe/d)	401	381	344	342	371	468
Liquids (kb/d)	48	40	36	38	36	48
Gas (Mcf/d)	1,935	1,875	1,688	1,640	1,879	2,284
* 2017 data corrected since publication on April 5, 2019
Liquefied natural gas (Mt)	2017	2018	1Q18	2Q18	3Q18	4Q18
Overall LNG sales	15.6	21.8	3.8	3.9	6.2	7.9
incl. sales from equity production**	11.2	11.1	2.5	2.5	2.8	3.3
incl. sales by Total from equity production and third party	7.6	17.1	2.6	2.7	5.1	6.7

** Equity production can be sold either by Total or by JV

> Key financial metrics

In millions of dollars	2017	2018	1Q18	2Q18	3Q18	4Q18
Adjusted operating income	1,435	1,174	235	217	373	349
Adjusted net operating income	1,929	2,419	481	565	697	676
including income from equity affiliates	804	1,249	228	250	324	447
Investments	3,594	5,032	575	447	3,325	685
Divestments	198	2,209	153	439	198	1,419
Organic investments	2,553	1,745	336	388	407	614
Operating cash flow before working capital changes *	2,289	2,055	393	492	553	617
Cash flow from operations *	3,157	596	68	258	(164)	434

* Excluding financial charges

3

ANNEX

Indicative list of assets reported in EP segment until end-2018
and in iGRP segment from January 1, 2019 onwards

Country	Asset	% equity
Angola	Angola LNG	13.60%
Australia	Gladstone LNG	27.50%
Australia	Ichthys	26.00%
Indonesia	Mahakam	Until end 2017 (Mahakam license expired)
Nigeria	Nigeria LNG	15.00%
Nigeria	OML 58	40.00%
Norway	Snohvit	18.40%
Oman	Oman LNG	5.54%
Oman	Qalhat LNG	2.04%. indirect participation through Oman LNG
Papua New Guinea	Papua LNG	40.10%
Qatar	Qatargas 1 Upstream	20.00%
Qatar	Qatargas 1 Downstream	10.00%
Qatar	Qatargas 2 Train 5	16.70%
Russia	Arctic LNG 2*	10.00% direct working interest (21.64 % including indirect interest** and considering a 60% participation of Novatek in the project)
Russia	Yamal LNG	20.02% direct working interest (29.72% including indirect interest**)
United Arab Emirates	ADNOC LNG	5.00%
USA	Barnett Shale ***	90.92% in average
Yemen	Yemen LNG	39.62%

* Total signed definitive agreements for entry into Arctic LNG 2 on the 5^th of March 2019

** The iGRP segment includes the interests that Total holds in Arctic LNG 2 and Yamal LNG projects through its 19.4% ownership in Novatek. The other Novatek assets remain included in the EP figures.

*** Barnett shale consolidated in iGRP reporting along with the other Group’s LNG assets, such as the Group’s equity in Cameron LNG or Tellurian Inc., which were already reported in GRP end-2018

4

The restated data presented herein have been derived from TOTAL’s internal reporting system and have not been audited by TOTAL’s statutory auditors. Such related financial data are presented solely for information purposes. To the extent permitted by law, TOTAL S.A. disclaims all liability from the use of the restated financial data.

The list of assets in the Annex is presented for indicative purposes, and mentions the assets previously reported in the EP reporting segment, which are, as from January 1, 2019, reported in the iGRP reporting segment. This list refers to assets or contractual rights which may group the contributions of multiple subsidiaries and/or consolidated entities.

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). 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.

Additional information concerning the risk factors and uncertainties that may have an impact on the Group's financial results or activities is available in the most recent versions of the Registration Document (Document de référence) filed with the French Autorité des marchés financiers (AMF) and the Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (SEC).

5

EX-99.7

EXHIBIT 99.7

Press Release

Total strengthens its presence in natural gas in Oman

Paris, April 8, 2019 - Total and the Ministry of Oil and Gas of the Sultanate of Oman (MOG) have signed a Heads of Agreement (HoA) for the award to Total of an exploration license on Block 12 with significant prospective gas resources.

Under the terms of this HoA, both parties will finalize in the coming months, on an exclusive basis, a definitive agreement that will grant to Total 100% working interest and operatorship of the exploration block 12, located in Central Oman.

This new agreement was signed after Total, the Ministry of Oil and Gas and Oman Oil Company (OOC) reached a new milestone to implement their integrated gas project, which entails developing the gas resources of the Greater Barik area (Blocks 10 and 11), as well as building and operating a liquefaction plant to offer a bunkering service and supply Liquefied Natural Gas as a fuel to marine vessels.

"Having been present in Oman for more than 80 years mostly in the oil sector, Total is pleased to have the opportunity to bring its expertise in the natural gas value chain to the Sultanate of Oman. After the agreement reached on the integrated gas project of the Greater Barik area, the entry into exploration Block 12 represents a new exploration opportunity to unlock additional gas potential and to contribute to income growth and job creation in the country," stated Patrick Pouyanné, Chairman and CEO of Total.

Spread over 10,000 km2, Block 12 is located onshore, in the northern part of Block 6 and to the south of the Greater Barik area (including Mabrouk North East and Mabrouk West fields).

Total’s exploration program on the block will comprise seismic acquisition and drilling commitments, with the drilling of a first well in 2020.

Total in Oman

In Oman, Total’s SEC production was 38,000 barrels of oil equivalent per day in 2018. Total holds 4% interest in the onshore Block 6 (operated by Petroleum Development Oman), as well as in the Oman LNG (5.54%) and Qalhat LNG (2.04%).

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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.

3

EX-99.8

EXHIBIT 99.8

Press Release

Total and the State of Papua New Guinea sign

Gas Agreement for Papua LNG project

Port Moresby, April 9, 2019 - Total and its partners ExxonMobil and Oil Search have signed the Gas Agreement with the Independent State of Papua New Guinea defining the fiscal framework for the Papua LNG Project. This Gas Agreement allows the partners to enter the Front-End Engineering Design (FEED) phase of study that will lead to the Final Investment Decision in 2020.

"The finalization of the Gas Agreement is a major milestone for Papua LNG project that confirms the commitment of all partners and the Government of Papua New Guinea to make the project a success for all stakeholders", said Patrick Pouyanné, Chairman and CEO of Total. "We are very pleased with the progress of this competitive LNG project that benefits from the brownfield synergies with existing liquefaction facilities and the proximity to Asian markets. It will further strengthen our position in the Pacific basin and ensure our future LNG portfolio growth."

The Papua LNG project of 5.4 million tons per annum (Mtpa) capacity will consist of two LNG trains of 2.7 Mtpa capacity each and will unlock over 1 billion barrels of oil equivalent of natural gas resources. The gas production will be operated by Total and the LNG plant will be developed in synergy with ExxonMobil-operated PNG LNG project through an expansion of the existing plant in Caution Bay.

Since the signature of a Memorandum of Understanding in november 2018, the pre-FEED engineering studies and the environmental baseline survey have been completed.

Total operates the Elk and Antelope onshore fields and is the largest shareholder of the PRL-15 permit with a 31.1% interest, alongside partners ExxonMobil (28.3%) and Oil Search (17.7%), post the State back-in right of 22.5%.

***

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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.

Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to separately disclose proved, probable and possible reserves that a company has determined in accordance with the SEC rules. We may use certain terms in this press release, such as 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 No. 1-10888 available from us at TOTAL S.A. — Tour Coupole — 2, place Jean Millier — Arche Nord Coupole/Regnault — 92078 Paris La Défense Cedex — France, or at our website: www.total.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website: www.sec.gov.

3

EX-99.9

EXHIBIT 99.9

PRESS RELEASE

EUROPEAN BUSINESSES PLEDGE ACTION TO DEAL WITH THE URGENT CHALLENGES OF THE 21^ST CENTURY

BRUSSELS, 24 April 2019 -

Europe needs to take urgent action to deal with the challenges of the 21^st century, including tackling climate change and preparing citizens for massive technological developments, a group of the continent’s leading large businesses has said today.

The European Round Table of Industrialists (ERT), a group of 55 CEOs and Chairs of major European businesses, collectively responsible for around five million jobs globally as well as supporting many others, has today made its biggest collective intervention in the policy debate in the organisation’s lifetime.

Its new paper, Strengthening Europe’s Place in the World, points to the peace and prosperity that European integration has delivered to citizens over the past seven decades - but says that without coordinated action between governments, civil society and the private sector, Europe will fail to deliver for its citizens on the most pressing agendas of the century.

ERT Members have also acknowledged the challenges presented by the rise of nationalist politics inside Europe and increasing protectionism in major markets outside Europe.

So for the first time, these major companies have together committed to a series of pledges aimed at raising the prosperity of citizens and their trust in Europe’s capacity to deliver for them. They are:

1.Growing investment - ERT member companies are investing over 50 billion euro a year in R&D. ERT companies are ready to invest even more in conjunction with the right policy actions.

2.Creating value to society - ERT Members have signed a pledge that marks the beginning of a long-lasting campaign to promote inclusion and diversity in businesses throughout Europe. ERT will strengthen its interactions with society and develop new best practice policies.

3.Furthering the Digital Transformation - ERT member companies will accelerate their own digitalisation, data and artificial intelligence strategies.

4.Developing skills - ERT member companies will significantly increase the number of quality business-education partnerships including lifelong learning traineeships, apprenticeships and first employment opportunities and train

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both the current and future workforce with the required skills in the areas of digitalisation, automation and artificial intelligence.

5.Supporting trade and commerce - ERT Member companies will actively support the EU to effectively conduct commercial diplomacy to deliver fair and free trade and inclusive global growth.

6.Delivering energy transition and tackling climate change - ERT Member companies will collaborate with policymakers at EU and country level to ensure Europe sets the right policies required to enable an energy transition aligned with the goals of the Paris Climate Agreement.

Carl Henric Svanberg, Chairman of the European Round Table of Industrialists, said: 

"Getting Europe’s largest companies to join together in these six pledges is more than a symbolic gesture: these are important commitments from companies who know they need to lead. We have never been more united and determined to stand up for Europe and the EU. This is a critical moment for citizens and these pledges are not made lightly. We are absolutely committed to creating jobs and prosperity across Europe but also ask policymakers to create the conditions to allow us to invest."

In addition to the six ERT pledges, Members have called on EU institutions, particularly the new Parliament and Commission, to focus on six policy priorities in the years ahead:

1. Strengthening the Single Market: Action by policymakers on the Energy Union, the Digital Single Market and the Capital Markets Union to address inefficiencies.

2. Increasing Competitiveness: Support sufficient investment in research and innovation while developing an effective European industrial policy including smart competition policies.

3. Driving Forward Digital Transformation: Enable Europe to be at the forefront of the digital transformation: unleash the full potential of digitalisation, data and artificial intelligence to European citizens.

4. Addressing the Skills Gap: Increase investment in education, training, and reskilling while facilitating co-operation between the public and private sector.

5. Ensuring Fair and Rules-based Global Trade and take a strong position in the face of unfair behaviour.

6. Tackling Climate Change: Deliver effective energy transition to reach the targets of the Paris Climate Agreement while safeguarding European companies’ global competitiveness.

Notes to Editors:

To read the full position paper, Strengthening Europe’s Place in the World, please click here.

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European Round Table of Industrialists: The European Round Table of Industrialists (ERT) is a forum bringing together around 55 Chief Executives and Chairmen of major multinational companies of European parentage covering a wide range of industrial and technological sectors. Companies of ERT Members are widely situated across Europe, with combined revenues exceeding €2,250 billion. They invest more than €50 billion annually in R&D, largely in Europe and are collectively responsible for around five million jobs globally as well as supporting many others.

The Members are:

Chairman

Carl-Henric Svanberg, AB Volvo (Sweden)

Vice-Chairmen

Jean-François van Boxmeer, Heineken (The Netherlands)

Dimitri Papalexopoulos, Titan Cement (Greece)

ERT Members

Austria

Wolfgang Eder, Voestalpine

Belgium

Jean-Pierre Clamadieu, Solvay

Dominique Leroy, Proximus

Thomas Leysen, Umicore

Denmark

Søren Skou, A.P. Møller-Mærsk

Finland

Henrik Ehrnrooth, KONE

Risto Siilasmaa, Nokia

France

Jean-Paul Agon,L'Oréal

Jean-Pierre Clamadieu, Solvay/ENGIE

Pierre-André de Chalendar, Saint-Gobain

Paul Hermelin, Capgemini

Isabelle Kocher, ENGIE

Benoît Potier, Air Liquide

Patrick Pouyanné, Total

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Stéphane Richard, Orange

Jean-Dominique Senard, Michelin

Germany

Martin Brudermüller, BASF

Timotheus Höttges, Deutsche Telekom

Joe Kaeser, Siemens

Guido Kerkhoff, thyssenkrupp

Harald Krüger, BMW Group

Bill McDermott, SAP

Stefan Oschmann, Merck

Johannes Teyssen, E.ON

Hans Van Bylen, Henkel

Hungary

Zoltán Áldott, MOL

Ireland

Tony Smurfit, Smurfit Kappa Group

Italy

Rodolfo De Benedetti, CIR

Claudio Descalzi, Eni

Gianfelice Rocca, Techint Group of Companies

The Netherlands

Nils S. Andersen, AkzoNobel

Ben van Beurden, Royal Dutch Shell

Frans van Houten, Royal Philips

Nancy McKinstry, Wolters Kluwer

Norway

Svein Richard Brandtzaeg, Norsk Hydro

Portugal

Paulo Azevedo, Sonae

Spain

José María Álvarez-Pallete, Telefónica

Ignacio S. Galán, Iberdrola

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Pablo Isla, Inditex

Rafael del Pino, Ferrovial

Sweden

Börje Ekholm, Ericsson

Martin Lundstedt, AB Volvo

Jacob Wallenberg, Investor AB

Switzerland

Paul Bulcke, Nestlé

Christoph Franz, F. Hoffmann-La Roche

Jan Jenisch, LafargeHolcim

Turkey

Güler Sabanci, Sabanci Holding

United Kingdom

Iain Conn, Centrica

Ian Davis, Rolls-Royce

Jean-Sébastien Jacques, Rio Tinto

Leif Johansson, AstraZeneca

Lakshmi N. Mittal, ArcelorMittal

Nick Read, Vodafone Group

Secretary General

Frank Heemskerk, European Round Table of Industrialists

CONTACT: Sabine Pirone, Director, Powerscourt Tel: +44 (0)20 7250 1446 +44 (0)780 952 6834 Sabine.pirone@powerscourt-group.com  

5

EX-99.10

EXHIBIT 99.10

Press Release

First quarter 2019 results

Paris, April 26, 2019 - Total’s Board of Directors met on April 25, 2019, to approve the Group’s first quarter 2019 financial statements. Commenting on the results, Chairman and CEO Patrick Pouyanné said:

"Markets remained volatile with Brent averaging $63/b in the first quarter, down 6% from last year, while natural gas prices were down 11% in Europe and 30% in Asia. Adjusted net income was $2.8 billion this quarter, down 4%, and return on equity held steady at 12% this quarter.

With strong growth in production that reached 2.95 Mboe/d, up 9% year-on-year, the Group’s cash flow (DACF) increased by more than 15% year-on-year to $6.5 billion (B$), driven by the ramp-up in cash-accretive projects, including Egina in Nigeria, Ichthys in Australia and Kaombo in Angola. Cash flow after organic investments increased to 3.2 B$, up 18% year-on-year, thanks to strong operational performance and ongoing spending discipline, and the organic pre-dividend cash breakeven was less than $25/b.

The Group made two exploration discoveries: Brulpadda in South Africa and Glengorm in the UK North Sea.

Effective this quarter, the new iGRP (integrated Gas, Renewables & Power) reporting segment spearheads the Group’s ambition in the integrated gas value chain and low-carbon electricity. The segment’s operating cash flow before working capital changes increased by 55% year-on-year, thanks to growing LNG production by more than 50% and doubling LNG sales activity by Total. To prepare the segment for profitable growth in the future, the Group finalized its entry into the Arctic LNG 2 project in Russia, signed the gas agreement for the Papua LNG project to enable the launch of the engineering phase, and strengthened its commitment to the Tellurian-led Driftwood LNG project in the United States.

Downstream continued to perform at a high level, generating 1.7 B$ of operating cash flow before working capital changes, up 25% year-on-year.

Total’s balance sheet is strong, with gearing (incorporating the impact of the new IFRS 16 rule on debt) below 20%, in line with the objective. In accordance with the shareholder return policy, the Group increased the first interim dividend for 2019 by 3.1% to €0.66 per share and bought back 0.35 B$ of shares during the quarter, in line with the 2019 target to buy back 1.5 B$ of shares in a $60/b Brent environment. The cash return to the shareholders expressed in dollars stands at 38% of operating cash flow before working capital changes."

____________________

¹ Definition on page 2

1

Key figures²

 

2019 data take into account the impact of the new rule IFRS16 "Leases", effective January 1, 2019.

* Average €-$ exchange rate: 1.1358 in the first quarter 2019.

** 1Q18 and 4Q18 restated; historical data for 2017 and 2018 available on www.total.com.

Highlights since the beginning of 2019

•Started production at the Egina field in Nigeria and Kaombo Sul in Angola

•Significant exploration discovery of Brulpadda offshore South Africa and a new discovery of Glengorm in UK North Sea

•Finalized entry into Arctic LNG 2 project in Russia

•Signed gas agreement with Papua New Guinea for Papua LNG project

•Agreed to invest in Tellurian-led Driftwood LNG project in the U.S. and lift 2.5 Mt/y

•Signed 10-year contract to sell 0.7 Mt/y of LNG to private Chinese company Guanghui

•Acquired Synova, a company specializing in plastics recycling

•Agreement with Saudi Aramco to develop a joint venture in distribution and acquire a network of 250 service stations in Saudi Arabia

•Agreement between Saft and the Chinese Tianneng Group to create a joint venture in Lithium-ion batteries

____________________

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 rules, adjusted fully-diluted earnings per share is calculated from the adjusted net income less the interest on the perpetual subordinated bond

5 Organic investments = net investments excluding acquisitions, asset sales and other operations with non-controlling interests.

6 Net acquisitions = acquisitions - assets sales - other transactions with non-controlling interests (see page 11).

7 Net investments = Organic investments + net acquisitions = Total expenditures - asset sales - repayment of non-current loans - other operations with non-controlling interests.

8 Operating cash flow before working capital changes (including only financial charges related to leases), 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.

9DACF = debt adjusted cash flow, is defined as operating cash flow before working capital changes and financial charges

10Certain transactions referred to in the highlights are subject to approval by authorities or to other conditions as per the agreements.

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Key figures of environment and Group production

>Environment* - liquids and gas price realizations, refining margins

 

* The indicators, which were changed in the first quarter of 2019, are shown on page 15.

** Consolidated subsidiaries.

Brent was down 6% year-on-year to $63.1/b. The average liquids selling price was more resilient, particularly due to higher prices for Canadian bitumen production.

Gas prices fell by 11% in Europe and 30% in Asia year-on-year.

>Production*

* Group production = EP production + iGRP production.

** 4Q18 data restated.

Hydrocarbon production was 2,946 thousand barrels of oil equivalent per day (kboe/d) in first quarter 2019, an increase of 9% compared to last year, due to:

•+11% related to the start-up and ramp-up of new projects, including Yamal LNG in Russia, Ichthys in Australia, Kaombo North in Angola and Egina in Nigeria,

•+3% portfolio effect linked in particular to the integration of Maersk Oil’s assets,

•-2% linked to production quotas, in particular in the United Arab Emirates, and to the deterioration of safety conditions, notably in Venezuela,

•-3% due to the natural decline of the fields and to planned maintenance, notably in Qatar.

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Analysis of business segments

Exploration & Production (EP - redefined scope)

>Production

>Results

 * Details on 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, except those related to leases.

Exploration & Production adjusted net operating income was 1,722 M$ in the first quarter of 2019, a decrease of 5% year-on-year, reflecting the weaker environment and an 84 M$ increase in exploration expense this quarter.

Operating cash flow before working capital changes increased by 8% year-on-year, driven by the production ramp-up of cash accretive new fields. Exploration & Production generated 2.3 B$ of cash flow after organic investments in the first quarter of 2019.

4

Integrated Gas, Renewables & Power (iGRP)

>Production and liquefied natural gas (LNG) sales

* The Group's equity production may be sold by Total or by the joint ventures.

Total LNG sales doubled from a year ago with the start-up of Yamal LNG trains 2&3 in Russia, Ichthys in Australia and the acquisition of Engie’s LNG portfolio in 2018.

The year-on-year growth in liquids production is mainly related to the ramp up of condensate production from Ichthys in Australia.

>Results

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

** Excluding financial charges, except those related to leases.

Adjusted net operating income for the iGRP sector was 592 M$ in the first quarter of 2019, up 23% year-on-year, thanks notably to the strong increase in LNG sales but impacted by lower gas prices. Operating cash flow before working capital changes increased by 55% year-on-year, thanks in particular to the start-up of Ichthys in Australia.

5

Refining & Chemicals

>Refinery throughput and utilization rates*

 

* Includes refineries in Africa reported in the Marketing & Services segment.

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

Refinery throughput volumes increased by 2% in the first quarter 2019 compared to the first quarter 2018, as a result of improved use of facilities in the first quarter of 2019 linked to improved operational performance this year.

>Results

 

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

** Excluding financial charges, except those related to leases.

With the European refining variable cost margin (VCM) up 11% year-on-year and despite a deterioration in petrochemical margins, adjusted net operating income for the Refining & Chemicals segment increased by 5% year-on-year to 756 M$. Operating cash flow before working capital changes increased by 20% year-on-year.

6

Marketing & Services

>Petroleum product sales

 

* Excludes trading and bulk refining sales

Sales of petroleum products increased by 2% compared to last year, in line with market growth.

>Results

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

** Excluding financial charges, except those related to leases

Adjusted net operating income was 343 M$ in the first quarter, down 7% year-on-year due to the sale of Total Erg in 2018.

Group results

>Adjusted net operating income from business segments

Adjusted net operating income from the business segments was 3,413 M$ in the first quarter 2019, up 1% year-on-year, despite lower Brent prices. This strong resilience is linked to production growth in a context of continuing efforts to reduce costs.

>Adjusted net income (Group share)

Adjusted net income (Group share) was 2,759 M$ in the first quarter 2019, down 4% compared to last year. This decrease reflects the increase in the net cost of net debt compared to a year ago mainly due to the rise in U.S. dollar interest rates.

Adjusted net income excludes the after-tax inventory effect, special items and the impact of effects of changes in fair value¹¹.

Total net income adjustments¹² were 352 M$ in the first quarter 2019, primarily related to inventory items.

The effective tax rate for the Group was stable in the first quarter 2019 at 40.5%, compared to 39.9% last year.

____________________

11 Adjustment items shown on page 11.

12Details shown on page 11 and in the annex to the financial statements.

7

>Adjusted fully-diluted earnings per share

Adjusted earnings per share in the first quarter 2019 decreased by 6% to $1.02, calculated on the basis of a weighted average of 2,620 million fully-diluted shares, from $1.09 in the first quarter 2018.

In the context of the shareholder return policy announced in February 2018, the Group has continued to buy back shares, including:

•the buyback of shares issued in 2019 under the scrip dividend option to cancel any dilution related to the exercise of this option: 1.2 million shares repurchased in the first quarter 2019.

•the buyback of additional shares : 6.2 million shares repurchased in the first quarter 2019 for 0.35 B$ as part of the 5 B$ buyback program for 2018-20.

The number of fully-diluted shares was 2,620 million on March 31, 2019.

>Asset sales - acquisitions

Asset sales completed in the first quarter 2019 were 363 M$, comprised mainly of the sale of the Group’s interest in the Hazira terminal in India and its polystyrene activity in China.

Acquisitions completed in the first quarter 2019 were 669 M$, related mainly to the signature of the acquisition of a 10% stake in the Arctic LNG 2 project in Russia.

>Net cash flow

Net cash flow¹³ for the Group was 2,943 M$ in the first quarter 2019, up sharply year-on-year due to higher operating cash flow before working capital changes and lower net acquisitions.

>Profitability

The return on equity was 11.7% for the twelve months ended March 31, 2019, an increase compared to the same period last year.

The return on average capital employed was 10.7% for the twelve months ended March 31, 2019, an increase compared to the same period last year.

 

Total S.A. accounts

Net income for Total S.A., the parent company, was 1,391 million euros in the first quarter 2019, compared with 1,928 million euros a year ago.

____________________

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

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 2019. 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.

** In a 60 $/b Brent environment.

*** VCM was introduced with the release of the main indicators for the first quarter of 2019.

Summary and outlook

Since the start of the second quarter 2019, Brent has traded at around $70/b in a context of compliance with OPEC quotas, disrupted production in Venezuela and uncertainty in Libya.The environment remains volatile, however, with uncertainty around the evolution of non-OPEC supply and the impact of global economic growth on demand.       

The Group has strong visibility on DACF growth in 2019 with an increase of 6 B$ compared to 2017 at $60/b thanks to the ramp-up of high cash margin projects, like Ichthys in Australia, Kaombo in Angola and Egina in Nigeria, that have already started up.It will also benefit from the full-year contribution of the Maersk Oil assets and ADNOC Offshore in 2019.

The Group maintains its spending discipline in 2019 with a net investment target of 15-16 B$, cost savings of 4.7 B$ and an average production cost of $5.5/boe.The organic pre-dividend cash flow breakeven will remain below $30/b.

Production growth should exceed 9% in 2019, thanks to the ramp-up of projects started in 2018 and the start-ups this year of Kaombo Sul in Angola, Iara 1 in Brazil, Culzean in the UK and Johan Sverdrup in Norway.To take advantage of the favorable cost environment, the Group is working to launch profitable projects, including Mero 2 in Brazil, Tilenga & Kingfisher in Uganda and Arctic LNG 2 in Russia.

After the acquisition of Engie’s LNG assets in 2018, the Group is continuing to grow in this area in 2019 with the planned start-up of Cameron LNG in the United States.

Refining margins remain volatile at the start of the second quarter and the refinery utilization rate is expected to be affected by seasonal maintenance in France and the UK in the second quarter.

In this context, the Group is continuing to implement its shareholder return policy.The dividend in euro will be increased by 3.1% in 2019 representing a total increase of 6.5% since 2017 in line with the target increase of 10% over the period 2018-2020. Total will buy back 1.5 B$ of shares in 2019 at $60/b as part of its 5 B$ share buyback program over the 2018-2020 period, and it will eliminate the scrip dividend option as of June 2019.

•  •  •

To listen to the presentation by CFO Patrick de La Chevardière today at 13:00 (London time) please log on to total.com or call +44 (0) 207 192 8000 in Europe or +1 631 510 7495 in the United States (code: 9794372). To listen to the replay, please consult the website or call +44 (0) 333 300 9785 in Europe or +1 917 677 7532 in the United States (code: 9794372).

* * * * *

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

>Group production (EP + iGRP)

10

>Downstream (Refining & Chemicals and Marketing & Services)

 

Adjustment items to net income (Group share)

 

Investments - Divestments

 

11

Cash flow

Gearing ratio*

 

*The net-debt-to-capital ratio on March 31, 2019 includes the impact of the new IFRS 16 rule, effective January 1, 2019. 

12

Return on average capital employed

>Twelve months ended March 31, 2019

>Full-year 2018

 

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

13

This press release presents the results for the first quarter 2019 from the consolidated financial statements of TOTAL S.A. as of March 31, 2019 (unaudited). The review procedures by the Statutory Auditors are underway. 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-99.11

EXHIBIT 99.11

Press Release

Total announces the first 2019 interim dividend of €0.66/share,
an increase of 3.1% compared to 2018

Paris, April 26, 2019 - The Board of Directors on April 25, 2019 declared the distribution of the first 2019 interim dividend at an amount of €0.66/share, an increase of 3.1% from the 2018 interim dividends paid and the proposed final dividend, in accordance with the shareholder return policy from 2018 to 2020. This interim dividend will be detached and paid according to the following timetable:

	Shareholders	ADS holders
Ex-dividend date	September 27, 2019	September 25, 2019
Payment date	October 1, 2019	October 18, 2019

As a reminder, the Board of Directors has decided not to propose to the Shareholders’ Meeting of May 29, 2019 the renewal of the scrip dividend option with effect from the payment of the final 2018 dividend.

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

* * * * *

1

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.