Total S.A. Trading Statement
15 April 2019 - 4:30PM
UK Regulatory
TIDMTTA
Main Indicators
Total (Paris:FP) (LSE:TTA) (NYSE:TOT):
Note:The indicators for average liquids price and average gas
price have been amended and a new indicator of variable cost margin
for European refining has been introduced in replacement of the
ERMI (European Refining Margin Indicator). Corresponding 2018 data
has been restated to reflect these changes.
$/EUR Brent ($/b) Average Average Variable
liquids gas cost
price* price*($/Mbtu) margin,European
($/b) refining**
($/t)
First quarter 1.14 63.1 58.7 4.51 33.0
2019
Fourth quarter 1.14 68.8 59.2 5.01 40.8
2018
Third quarter 1.16 75.2 68.8 5.06 47.2
2018
Second quarter 1.19 74.4 68.4 4.62 33.9
2018
First quarter 1.23 66.8 60.0 4.79 29.8
2018
* Sales in $ / sales in volume for consolidated subsidiaries (no
longer including stock value variation).** This indicator
represents the average margin on variable costs realized by Total's
European refining business (equal to the difference between the
sales of refined products realized by Total's European refining and
the crude purchases as well as associated variable costs, divided
by refinery throughput in tonnes). The previous ERMI indicator was
intended to represent the margin after variable costs for a
hypothetical complex refinery located around Rotterdam in Northern
Europe that processes a mix of crude oil and other inputs commonly
supplied to this region to produce and market the main refined
products at prevailing prices in this region.
Disclaimer: data is based on Total's reporting and is not
audited. To the extent permitted by law, TOTAL S.A. disclaims all
liability from the use of the restated main indicators.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20190414005087/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
April 15, 2019 02:30 ET (06:30 GMT)
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