Factbook 2018 0

Summary
FACTBOOK 2018
CORPORATE
EXPLORATION & PRODUCTION
GAS, RENEWABLE & POWER
REFINING & CHEMICALS
MARKETING & SERVICES
CORPORATE
Note on financial statements
Financial highlights
Market environment
Operational highlights by quarter
Financial highlights by quarter
Market environment and price realizations by quarter
Consolidated statement of income
Sales by business segment and region
DD&A by business segment
Equity in income of affiliates by business segment
Income taxes
Adjustments to operating income by business segment
Adjustments to net income by business segment
Consolidated balance sheet
Net tangible & intangible assets
Property, plant & equipment by business segment
Non-current assets by business segment
Non-current debt
Consolidated statment of changes in equity
Net-debt-to-equity ratio
Capital employed based on replacement cost by business segment
Capital employed
ROACE by business segment
Conslidated statement of cash flows
Cash flows from operating activites by business segment
Gross investments
Organic investments
Divestments
Share information
Payroll
Number of employees
EXPLORATION & PRODUCTION

Production
Proved reserves
Key operating ratios - Group
Key operating ratios - subsidiaries
Combined liquid and gas production by country
Liquids production by country
Gas production by country
Changes to oil, bitumen and gas reserves by region
Changes to oil reserves by region
Changes to bitumen reserves by region
Changes to gas reserves by region
Results from operating activities by region
Cost incurred by region
Summary
Capitalized costs by region

Standardized measure of discounted future net cash flows by region
Changes in the standardized measure of discounted future net cash flows
Oil and gas acreage by region
Number of producing wells by region
Number of productive and dry wells drilled
Number of wells in the process of being drilled
Interests in pipelines
GAS, RENEWABLE & POWER

Installed power generation capacity
LNG sales
Pipeline gas sales
REFINING & CHEMICALS

Operational highlights
Refinery capacity by region
Distillation capacity by region
Refinery throughput by region
Utilization rate of feedstocks by region
Utilization rate of crude
Production levels by product
Main productin capacities by region
Sales by region - Chemicals
Sales by activity - Speciality Chemicals
Sales by region - Speciality Chemicals
Sales by activity - Speciality Chemicals
MARKETING & SERVICES

Operational highlights
Petroleum product sales by region
Petroleum product sales by product
Service stations by region
Note (p7)
NOTE ON FINANCIAL STATEMENTS
Since January, 1, 2017, Total has been structured around four business segments: Exploration & Production; Gas,
Renewables & Power; Refining & Chemicals and Marketing & Services. In addition, the Corporate segment
includes operating and financial activities.
Certain figures for the years 2015 and 2016 have been restated in order to reflect this organization. 2014 business
segments data have not been restated therefore the Exploration & Production segment includes Gas businesses
and the Marketing & Services segment includes New Energies and Biofuels businesses for the year 2014.
Highlights (p7)
FINANCIAL HIGHLIGHTS
(in million dollars, except percent and per share amounts) 2018 2017 2016 2015 2014
Sales 209,363 171,493 149,743 165,357 236,122
Adjusted net operating income from business segments (1) 15,997 11,936 9,410 11,327 14,247
Net income (Group share) 11,446 8,631 6,196 5,087 4,244
Adjusted net income (Group share) (1) 13,559 10,578 8,287 10,518 12,837
Adjusted fully-diluted earnings per share ($) (1) (2) 5.05 4.12 3.38 4.51 5.63
Dividend per share (€) (2) 2.56 (3) 2.48 2.45 2.44 2.44
Dividend per ADR ($) (2) 2.94 (3) (4) 2.96 2.61 2.67 2.93
Net-debt-to-equity ratio (as of December 31) 15.5% 11.9% 21.1% 21.8% 23.5%
Return on average capital employed (ROACE) (5) 11.8% 9.4% 7.5% 9.4% 11.1%
Return on equity (ROE) 12.2% 10.1% 8.7% 11.5% 13.5%
Cash flow from operating activities 24,703 22,319 16,521 19,946 25,608
Operating cash flow before working capital changes (6) 24,529 21,135 16,988 19,376 24,597
Operating cash flow before working capital changes w/o

26,067 22,183 17,581 19,839 24,944
financial charges (DACF) (7)
Gross investments (8) 22,185 16,896 20,530 28,033 30,509
Organic investments (9)

12,426 14,395 17,484 22,976 26,430
Divestments 7,239 5,264 2,877 7,584 6,190
(1) Adjusted results are defined as income at replacement cost, excluding non-recurring items, and excluding the impact of fair value changes.
(2) Based on the fully-diluted weighted-average number of common shares outstanding during the period.
(3) 2018 dividend subject to approval at the May 29, 2019 Annual Shareholders’ Meeting.
(4) 2018 estimated dividend in dollars includes the first quarterly interim ADR dividend of $0.74 paid in October 2018 and the second quarterly interim ADR dividend
of $0.74 paid in January 2019, as well as the third quarterly interim ADR dividend of $0.73 payable in April 2019 and the proposed final interim ADR dividend of
$0.73 payable in June 2019, both converted at a rate of $1.15/€.
(5) Based on adjusted net operating income and average capital employed using replacement cost.
(6) Operating cash flow before working capital changes, previously referred to as adjusted cash flow from operations, is defined as cash flow from operating
activities before changes in working capital at replacement cost.
(7) DACF = debt adjusted cash flow. Cash flow from operating activities before changes in working capital at replacement cost, without financial charges.
(8) Including acquisitions and increases in non-current loans.
(9) Organic investments = net investments, excluding acquisitions, divestments and other operations with non-controlling interests.
Market Environment (p7)
MARKET ENVIRONMENT
2018 2017 2016 2015 2014
Year-end euro/dollar (€/$) 1.15 1.20 1.05 1.09 1.21
Average euro/dollar (€/$) 1.18 1.13 1.11 1.11 1.33
Year-end Brent price ($/b) 54.1 66.6 56.8 37.3 57.3
Average Brent price ($/b) 71.3 54.2 43.7 52.4 99.0
Average refining margins ($/t) – ERMI (1)

32.3 40.9 34.1 48.5 18.7
(1) Total’s European Refining Margin Indicator (ERMI); published quarterly by the Group.
Operational Highlights (p8-9)
OPERATIONAL HIGHLIGHTS BY QUARTER
(in million dollars) 2018 Quarters

Full Year 1st 2nd 3rd 4th
Adjusted operating income from business segments(1) 19,599 4,217 5,151 5,808 4,423
Exploration & Production 14,025 3,049 3,870 4,114 2,992
Gas, Renewables & Power 557 88 73 206 190
Refining & Chemicals 3,131 694 680 966 791
Marketing & Services 1,886 386 528 522 450
Adjusted net operating income from business segments (1)

15,997 3,385 4,179 4,548 3,885
Gas, Renewables & Power 756 115 193 272 176
Refining & Chemicals 3,379 720 821 938 900
Marketing & Services 1,652 367 478 474 333
Operational Highlights (p8-9)
2017 Quarters 2016 Quarters

Full Year 1st 2nd 3rd 4th Full Year 1st 2nd 3rd 4th
13,539 3,266 2,897 3,437 3,939 8,929 1,771 1,978 2,235 2,945
7,219 1,750 1,427 1,665 2,377 2,349 47 499 714 1,089
424 80 99 67 178 288 35 2 124 127
4,056 1,047 931 1,182 896 4,366 1,297 965 890 1,214
1,840 389 440 523 488 1,926 392 512 507 515
11,936 2,767 2,748 3,062 3,359 9,410 1,878 2,524 2,332 2,676
5,985 1,382 1,359 1,439 1,805 3,217 386 1,043 781 1,007
485 61 95 97 232 439 73 43 191 132
3,790 1,023 861 1,020 886 4,195 1,130 1,018 916 1,131
1,676 301 433 506 436 1,559 289 420 444 406
Financial Highlights (p8-9)
FINANCIAL HIGHLIGHTS BY QUARTER
(in million dollars, except percent, per share amounts

and share buybacks)
2018 Quarters
Adjusted net income (Group share)(1) 13,559 2,884 3,553 3,958 3,164
Adjusted fully diluted earnings per share ($) (1)

5.05 1.09 1.31 1.47 1.17
Net income (Group share) 11,446 2,636 3,721 3,957 1,132
Net-debt-to-equity ratio (as of end of period) 15.5% 15.1% 16.5% 18.3% 15.5%
Shares outstanding (as of end of period) 2,640,602,007 2,633,820,167 2,665,877,332 2,666,383,509 2,640,602,007
Fully-diluted weighted-average number of shares 2,623,716,444 2,568,034,720 2,646,317,904 2,636,751,321 2,637,489,286
Number of shares bought back during the period 72,766,481 12,471,369 20,585,145 11,990,658 27,719,309
Share buybacks (B$) 4.3 0.7 1.3 0.7 1.6
(in million dollars, except percent, per share amounts

and share buybacks)
2015 Quarters
Full Year 1 st
2nd 3rd 4th
Adjusted net income (Group share)(1) 10,518 2,602 3,085 2,756 2,075
Adjusted fully diluted earnings per share ($)(1) 4.51 1.13 1.34 1.17 0.88
Net income (Group share) 5,087 2,663 2,971 1,079 (1,626)
Net-debt-to-equity ratio (as of end of period) 21.8% 21.5% 20.3% 20.7% 21.8%
Shares outstanding (as of end of period) 2,440,057,883 2,385,555,781 2,396,360,090 2,415,089,789 2,440,057,883
Fully-diluted weighted-average number of shares 2,304,435,542 2,285,344,747 2,292,139,361 2,311,978,156 2,328,765,893
Number of shares bought back during the period 4,711,935 - - 4,711,935 -
Share buybacks (B$) 0.2 - - 0.2 -
Financial Highlights (p8-9)
10,578 2,558 2,474 2,674 2,872 8,287 1,636 2,174 2,070 2,407
4.12 1.01 0.97 1.04 1.10 3.38 0.68 0.90 0.84 0.96
8,631 2,849 2,037 2,724 1,021 6,196 1,606 2,088 1,954 548
11.9% 18.1% 16.6% 15.0% 11.9% 21.1% 22.6% 22.8% 23.2% 21.1%
2,528,989,616 2,453,937,714 2,501,535,888 2,502,754,234 2,528,989,616 2,430,365,862 2,454,029,976 2,503,262,274 2,504,029,528 2,430,365,862
2,494,756,413 2,457,491,053 2,484,608,123 2,504,878,256 2,535,959,002 2,389,713,936 2,350,462,067 2,378,565,375 2,403,550,668 2,433,165,882
- - - - -
- - - - -
2014 Quarters
Full Year 1 st
2nd 3rd 4th
12,837 3,327 3,151 3,558 2,801
5.63 1.46 1.38 1.56 1.22
4,244 3,335 3,104 3,463 (5,658)
23.5% 18.5% 21.0% 21.5% 23.5%
2,385,267,525 2,378,259,685 2,382,870,577 2,384,527,055 2,385,267,525
2,281,004,151 2,276,773,146 2,281,218,870 2,284,596,468 2,286,737,894
4,386,300 - - 4,386,300 -
0.3 - - 0.3 -
Realizations (p8-9)
MARKET ENVIRONMENT AND PRICE REALIZATIONS

Market environment
Average euro-dollar ($/€) 1.18 1.23 1.19 1.16 1.14 1.13 1.06 1.10 1.17 1.18
Brent price ($/b) 71.3 66.8 74.4 75.2 68.8 54.2 53.7 49.6 52.1 61.3
Average refining margins ($/t) – ERMI (1)

32.3 25.6 34.7 39.9 29.1 40.9 38.9 41.0 48.2 35.5
Price realizations (2)
TOTAL average liquids price ($/b) (3) 64.2 60.4 69.5 69.5 57.2 50.2 49.2 45.1 48.9 57.6
TOTAL average gas price ($/MBtu) 4.78 4.73 4.49 4.96 4.94 4.08 4.10 3.93 4.05 4.23
(1) Total’s European Refining Margin Indicator (ERMI); published quarterly by the Group.
(2) Consolidated subsidiaries excluding fixed margin and buy-back contracts and including hydrocarbon production overlifting/underlifting position valued at market price.
(3) Crude oil and natural gas liquids.
2014 Quarters
Market environment
Average euro-dollar ($/€) 1.33 1.37 1.37 1.33 1.25
Brent price ($/b) 99.0 108.2 109.7 101.9 76.6
Average refining margins ($/t) - ERMI (1)

18.7 6.6 10.9 29.9 27.6
Price realizations (2)
TOTAL average liquids price ($/b)(3) 89.4 102.1 103.0 94.0 61.7
TOTAL average gas price ($/MBtu) 6.57 7.06 6.52 6.40 6.29
Realizations (p8-9)

1.11 1.10 1.13 1.12 1.08 1.11 1.13 1.11 1.11 1.10
43.7 33.9 45.6 45.9 49.3 52.4 53.9 61.9 50.5 43.8
34.1 35.1 35.0 25.5 41.0 48.5 47.1 54.1 54.8 38.1
40.3 31.0 43.0 41.4 46.1 47.4 49.5 58.2 44.0 38.1
3.56 3.46 3.43 3.45 3.89 4.75 5.38 4.67 4.47 4.45
Income Statement (p10)
CONSOLIDATED STATEMENT OF INCOME
For the year ended December 31,

(in million dollars, except per share amounts) 2018 2017 2016 2015 2014
Sales 209,363 171,493 149,743 165,357 236,122
Excise taxes (25,257) (22,394) (21,818) (21,936) (24,104)
Revenues from sales 184,106 149,099 127,925 143,421 212,018
Purchases, net of inventory variation (125,816) (99,411) (83,377) (96,671) (152,975)
Other operating expenses (27,484) (24,966) (24,302) (24,345) (28,349)
Exploration costs (797) (864) (1,264) (1,991) (1,964)
Depreciation, depletion and impairment of tangible assets

and mineral interests (13,992) (16,103) (13,523) (17,720) (19,656)
Other income 1,838 3,811 1,299 3,606 2,577
Other expense (1,273) (1,034) (1,027) (1,577) (954)
Financial interest on debt (1,933) (1,396) (1,108) (967) (748)
Financial income and expense from cash and cash

equivalents (188) (138) 4 94 108
Cost of net debt (2,121) (1,534) (1,104) (873) (640)
Other financial income 1,120 957 971 882 821
Other financial expense (685) (642) (636) (654) (676)
Equity in income (loss) of affiliates 3,170 2,015 2,214 2,361 2,662
Income taxes (6,516) (3,029) (970) (1,653) (8,614)
Consolidated net income 11,550 8,299 6,206 4,786 4,250
Group share 11,446 8,631 6,196 5,087 4,244
Minority interests 104 (332) 10 (301) 6
Earnings per share ($) 4.27 3.36 2.52 2.17 1.87
Fully-diluted earnings per share ($) 4.24 3.34 2.51 2.16 1.86
Adjusted net income Group Share 13,559 10,578 8,287 10,518 12,837
Adjusted fully-diluted earnings per share ($) 5.05 4.12 3.38 4.51 5.63
Sales (p11)
SALES BY SEGMENT AND GEOGRAPHY
(in million dollars) 2018 2017 2016 2015 2014
By business segment excluding inter-segment sales
Gas, Renewables & Power 16,136 12,854 10,124 9,149
Refining & Chemicals 92,025 75,505 65,632 70,623 106,124
Marketing & Services 90,206 74,634 66,351 75,282 106,509
Corporate 7 23 7 6 5
Total 209,363 171,493 149,743 165,357 236,122
By business segment including inter-segment sales
Corporate 71 397 314 224 241
Inter-segment sales (69,567) (52,092) (41,286) (47,588) (75,984)
Total 209,363 171,493 149,743 165,357 236,122
By geographic area excluding inter-segment sales
France 47,716 39,032 33,472 36,536 51,471
Rest of Europe 99,465 83,255 71,551 79,463 114,747
North America 22,243 16,889 15,383 14,857 23,766
Africa 22,263 17,581 15,294 17,612 23,281
Rest of world 17,676 14,736 14,043 16,889 22,857
Total 209,363 171,493 149,743 165,357 236,122

DD&A (p11)
DEPRECIATION, DEPLETION & IMPAIRMENT OF TANGIBLE ASSETS AND

MINERAL INTERESTS BY BUSINESS SEGMENT
As of December 31,
Exploration & Production (11,288) (13,850) (11,583) (15,660) (15,938)
Gas, Renewables & Power (731) (482) (301) (307)
Refining & Chemicals (1,222) (1,074) (1,002) (1,092) (2,901)
Marketing & Services (709) (657) (600) (634) (781)
Corporate (42) (40) (37) (27) (36)
Total (13,992) (16,103) (13,523) (17,720) (19,656)

NI affiliates (p11)
EQUITY IN INCOME/(LOSS) OF AFFILIATES BY BUSINESS SEGMENT
As of December 31,
Gas, Renewables & Power 48 13 125 113
Refining & Chemicals 682 778 933 550 315
Marketing & Services 60 157 126 39 (162)
Corporate - - - 1 -
Total 3,170 2,015 2,214 2,361 2,662

Tax (p11)
INCOME TAXES
Current income taxes (6,971) (3,416) (2,911) (4,552) (10,904)
Deferred income taxes 455 387 1,941 2,899 2,290
Income taxes (6,516) (3,029) (970) (1,653) (8,614)

OP adjustments (p12)
ADJUSTMENT ITEMS TO OPERATING INCOME BY BUSINESS SEGMENT
Gas,
Exploration & Renewables Refining & Marketing &
(in million dollars) Production & Power Chemicals Services Corporate Total
Year 2018
Inventory valuation effect - - (589) (6) - (595)
Effect of changes in fair value - 48 - - - 48
Restructuring charges (67) - (3) - - (70)
Asset impairment of charges (1,256) (516) (2) - - (1,774)
Other (132) (229) (24) (39) (9) (433)
Total (1,455) (697) (618) (45) (9) (2,824)
Year 2017
Inventory valuation effect - - 344 13 - 357
Effect of changes in fair value - (20) - - - (20)
Restructuring charges (42) - (4) (3) - (49)
Asset impairment of charges (4,308) (291) (53) (10) - (4,662)
Other (77) (389) (173) (21) (64) (724)
Total (4,427) (700) 114 (21) (64) (5,098)
Year 2016
Inventory valuation effect - - 695 (43) - 652
Restructuring charges (19) (18) - - - (37)
Asset impairment of charges (2,089) (139) - (1) - (2,229)
Other (672) (288) (70) (93) - (1,123)
Total (2,780) (449) 625 (137) - (2,741)
Year 2015
Inventory valuation effect - - (859) (254) - (1,113)
Restructuring charges (43) - - (5) - (48)
Other (516) (541) (176) (24) - (1,257)
Total (7,150) (749) (1,105) (307) - (9,311)
Year 2014
Inventory valuation effect - - (2,944) (525) - (3,469)
Effect of changes in fair value 31 - - - - 31
Restructuring charges - - - - - -
Asset impairment of charges (6,529) - (1,450) - - (7,979)
Other (164) - (36) (26) - (226)
Total (6,662) - (4,430) (551) - (11,643)

NI adjustments (p13)
ADJUSTMENT ITEMS TO NET INCOME, GROUP SHARE BY BUSINESS SEGMENT
Exploration & Gas, Refining & Marketing & Corporate Total

(in million dollars) Production Renewables Chemicals Services
& Power
Year 2018
Effect of changes in fair value - 38 - - - 38
Restructuring charges (94) (10) (34) - - (138)
Asset impairment of charges (1,259) (288) (48) - - (1,595)
Gains (losses) on asset sales (14) (2) - - - (16)
Other 288 (148) (34) (47) (41) 18
Total (1,079) (410) (530) (53) (41) (2,113)
Year 2017
Restructuring charges (11) (11) (42) (2) - (66)
Gains (losses) on asset sales 188 - 2,139 125 - 2,452
Other (287) (293) 73 (30) (178) (715)
Total (3,693) (558) 2,412 70 (178) (1,947)
Year 2016
Restructuring charges (4) (28) - - - (32)
Asset impairment of charges (1,867) (131) (78) (18) (3) (2,097)
Gains (losses) on asset sales 287 5 - (25) - 267
Other (293) (237) (91) (84) - (705)
Total (1,877) (394) 329 (146) (3) (2,091)
Year 2015
Restructuring charges (10) (5) (52) (5) - (72)
Asset impairment of charges (5,057) (270) (59) (49) (12) (5,447)
Gains (losses) on asset sales 162 - 1,288 360 - 1,810
Other (148) (421) (264) (133) - (966)
Total (5,053) (705) 323 16 (12) (5,431)
Year 2014
Inventory valuation effect - - (2,114) (339) - (2,453)
Effect of changes in fair value 25 - - - - 25
Restructuring charges - - (13) (7) - (20)
Asset impairment of charges (5,514) - (1,409) (140) - (7,063)
Gains (losses) on asset sales 1,314 - (105) - - 1,209
Other (193) - (58) (40) - (291)
Total (4,368) - (3,699) (526) - (8,593)

Balance Sheet (p14)
CONSOLIDATED BALANCE SHEET

As of December 31,
(in million dollars) 2018 2017 2016 2015
ASSETS
Non-current assets
Intangible assets, net 28,922 14,587 15,362 14,549
Property, plant and equipment, net 113,324 109,397 111,971 109,518
Equity affiliates: investments and loans 23,444 22,103 20,576 19,384
Other investments 1,421 1,727 1,133 1,241
Non-current financial assets 680 679 908 1,219
Deferred income taxes 6,663 5,206 4,368 3,982
Other non-current assets 2,509 3,984 4,143 4,355
Total non-current assets 176,963 157,683 158,461 154,248
Current assets
Inventories, net 14,880 16,520 15,247 13,116
Accounts receivable, net 17,270 14,893 12,213 10,629
Other current assets 14,724 14,210 14,835 15,843
Current financial instruments 3,654 3,393 4,548 6,190
Cash and cash equivalents 27,907 33,185 24,597 23,269
Assets classified as held for sale 1,364 (1) 2,747 (3) 1,077 (5) 1,189 (7)
Total current assets 79,799 84,948 72,517 70,236
Total assets 256,762 242,631 230,978 224,484
LIABILITIES AND SHAREHOLDERS’ EQUITY
Shareholders’ equity
Common shares 8,227 7,882 7,604 7,670
Paid-in surplus and retained earnings 120,569 112,040 105,547 101,528
Currency translation adjustment (11,313) (7,908) (13,871) (12,119)
Treasury shares (1,843) (458) (600) (4,585)
Total shareholders’ equity – Group share 115,640 111,556 98,680 92,494
Non-controlling interests 2,474 2,481 2,894 2,915
Total shareholders’ equity 118,114 114,037 101,574 95,409
Non-current liabilities
Deferred income taxes 11,490 10,828 11,060 12,360
Employee benefits 3,363 3,735 3,746 3,774
Provisions and other non-current liabilities 21,432 15,986 16,846 17,502
Non-current financial debt 40,129 41,340 43,067 44,464
Total non-current liabilities 76,414 71,889 74,719 78,100
Current liabilities
Accounts payable 26,134 26,479 23,227 20,928
Other creditors and accrued liabilities 22,246 17,779 16,720 16,884
Current borrowings 13,306 11,096 13,920 12,488
Other current financial liabilities 478 245 327 171
Liabilities directly associated with the assets classified as held for sale 70 (2) 1,106 (4) 491 (6) 504 (8)
Total current liabilities 62,234 56,705 54,685 50,975
Total liabilities 256,762 242,631 230,978 224,484
(1) $1,077 million of Ichthys in Australia have been classified as “Assets classified as held for sale”. $116 million of Total Petrochemicals (Ningbo) Ltd and $79 million of Total Petrochemicals Foshan in China have
been classified as “Assets classified as held for sale”. $61 million of Hazira LNG Private Ltd and $31 million of Hazira Port Private Ltd in India have been classified as “Assets classified as held for sale”.
(2) $41 million of Total E&P Ichthys BV in Netherlands has been classified as “Liabilities directly associated with the assets classified as held for sale”. $16 million of Total Petrochemicals Foshan and $13 million of
Total Petrochemicals (Ningbo) Ltd in China have been classified as “Liabilities directly associated with the assets classified as held for sale”.
(3) $2,581 million of Martin Linge in Norway has been classified as “Assets classified as held for sale”. $166 million of Total Erg in Italy has been classified as “Assets classified as held for sale”.
(4) $1,106 million of Martin Linge in Norway has been classified as “Liabilities directly associated with the assets classified as held for sale”.
(5) $1,077 million of Atotech has been classified as “Assets classified as held for sale”.
(6) $491 million of Atotech has been classified as “Liabilities directly associated with the assets classified as held for sale”.
(7) $497 million of Fuka in United Kingdom has been classified as “Assets classified as held for sale”. $458 million of Total Turkyie has been classified as “Assets classified as held for sale”. $234 million of Kharyaga
in Russia has been classified as “Assets held for sale”.
(8) $82 million of Fuka in United Kingdom has been classified as “Liabilities directly associated with the assets classified as held for sale”. $258 million of Total Turkyie has been classified as “Liabilities directly
associated with the assets classified as held for sale”. $164 million of Kharyaga in Russia has been classified as “Liabilities directly associated with the assets classified as held for sale”.
(9) $2,401 million of OML 138 in Nigeria has been classified as “Assets classified as held for sale”. $1,664 million of Bostik has been classified as “Assets classified as held for sale”. $469 million of TCSA has been
classified as “Assets held for sale”. $367 million of Totalgaz has been classified as “Assets held for sale”.
(10) $831 million of OML 138 in Nigeria has been classified as “Liabilities directly associated with the assets classified as held for sale”. $606 million of Bostik has been classified as “Liabilities directly associated with
the assets classified as held for sale”. $58 million of TCSA has been classified as “Liabilities directly associated with the assets classified as held for sale”. $265 million of Totalgaz has been classified as “Liabilities
directly associated with the assets classified as held for sale”.
Balance Sheet (p14)
2014
14,682
106,876
19,274
1,399
1,319
4,079
4,192
151,821
15,196
15,704
15,702
1,293
25,181
4,901 (9)
77,977
229,798
7,518
94,646
(7,480)
(4,354)
90,330
3,201
93,531
14,810
4,758
17,545
45,481
82,594
24,150
16,641
10,942
180
1,760 (10)
53,673
229,798
ls Foshan in China have
eld for sale”.
shan and $13 million of
ale”.
$234 million of Kharyaga
s “Liabilities directly
illion of TCSA has been
es directly associated with

classified as “Liabilities
Assets by Segment (p15)
NET TANGIBLE & INTANGIBLE ASSETS BY BUSINESS SEGMENT
As of December 31, 2018 2017 2016 2015 2014

(in million dollars)
Tangibles 94,783 91,800 96,682 95,072 92,262
Intangibles 21,735 11,839 12,935 13,132 13,011
Tangibles 2,941 1,661 1,707 1,103
Intangibles 5,561 1,212 1,127 145
Tangibles 9,869 10,150 8,661 8,631 8,798
Intangibles 624 670 632 686 714
Tangibles 5,463 5,519 4,661 4,506 5,580
Intangibles 880 734 564 483 863
Corporate 390 399 364 309 330
Tangibles 268 267 260 206 236
Intangibles 122 132 104 103 94
Total 142,246 123,984 127,333 124,067 121,558

PPE (p15)
PROPERTY, PLANT & EQUIPMENT
As of December 31, 2018 2017 2016 2015 2014
Proved properties 71,837 62,223 62,901 58,687 52,968
Unproved properties 1,521 1,828 1,996 2,423 2,153
Work in progress 21,425 27,749 31,785 33,962 37,124
Total Exploration & Production properties 94,783 91,800 96,682 95,072 92,245
Land 1,127 1,157 1,011 970 1,070
Machinery plant and equipment (including transportation equipment) 9,171 7,780 5,680 5,748 6,092
Buildings 3,224 3,344 2,998 2,637 2,850
Construction in progress 2,538 2,309 2,770 2,577 2,043
Other 2,481 3,007 2,830 2,514 2,576
Other 18,541 17,597 15,289 14,446 14,631
Total (1) 113,324 109,397 111,971 109,518 106,876
(1) As of December 31,2018 accumulated depreciation, depletion and amortization amounted to $160,088m.

Non Current Assets (p15)
NON-CURRENT ASSETS BY BUSINESS SEGMENT (1)
As of December 31, 2018 2017 2016 2015 2014

Corporate 1,269 896 421 (193) 482
Total 176,283 157,004 157,553 153,029 150,502
(1) Non-current financial assets are not included here.

Non Current Debt (p16)
NON-CURRENT DEBT ANALYSIS
As of December 31,
(in million dollars, except %) 2018 % 2017 % 2016 % 2015 % 2014 %
Loan repayment schedule (1)
2014 - - - - - -
2015 - - - - - -
2016 - - - - 4,793 11%
2017 - - 4,602 11% 4,547 10%
2018 4,320 10% 4,420 10% 4,451 10%
2019 5,930 15% 5,702 14% 5,542 13% 4,765 11%
2020 5,432 14% 5,117 13% 4,952 12% 4,965 11% 25 606 (2) 58%
2021 3,966 10% 3,795 9% 3,578 8% 23 716 (3) 55% - -
2022 5,158 13% 4,959 12% 23 607 (4) 56% - - - -
2023 4,983 13% 20 860 (5)

51% - - - - - -
2024 and beyond 19,910 50%
Total 39,449 100% 40,661 100% 42,159 100% 43,245 100% 44,162 100%
Analysis by currency(1)
U.S. dollar 38,120 97% 38,703 95% 39,963 95% 40,337 93% 41,369 94%
Euro 1,103 3% 724 2% 977 2% 1,681 4% 2,428 5%
Norwegian Krones 27 0% 975 2% 928 2% 907 2% - -
Other currencies 199 0% 259 1% 291 1% 320 1% 365 1%
Total 39,449 100% 40,661 100% 42,159 100% 43,245 100% 44,162 100%
Analysis by interest rate(1)
Fixed rate 18,139 46% 18,332 45% 11,703 28% 7,666 18% 6,944 16%
Floating rates 21,310 54% 22,329 55% 30,456 72% 35,579 82% 37,218 84%
Total 39,449 100% 40,661 100% 42,159 100% 43,245 100% 44,162 100%
(1) These analyses are presented after the impact of interest rate and currency swaps.
(2) 2020 and after.
(3) 2021 and after.
(4) 2022 and after.
(5) 2023 and after.
Chg Shdr Equity (p17)
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - GROUP SHARE
(in million dollars) Common shares issued Paid-in Cumulative Treasury shares Shareholders’
surplus and translation equity
Number Amount retained adjustments Number Amount
earnings
As of January 1, 2014 2,377,678,160 7,493 98,254 (1,203) (109,214,448) (4,303) 100,241
Dividend - - (7,378) - - - (7,378)
Net income 2014 - - 4,244 - - - 4,244
Other comprehensive income - - (907) (6,275) - - (7,182)
Issuance of common shares 7,589,365 25 395 - - - 420
Purchase of treasury shares - - - - (4,386,300) (283) (283)
Sales of treasury shares(1) - - (232) - 4,239,335 232 -
Share-based payments - - 114 - - - 114
Share cancellation - - - - - - -
Translation adjustments - - - - - - -
Other operations with minority interests - - 148 (2) - - 146
Other items - - 8 - - - 8
As of December 31, 2014 2,385,267,525 7,518 94,646 (7,480) (109,361,413) (4,354) 90,330
Dividend - - (6,303) - - - (6,303)
Net income 2015 - - 5,087 - - - 5,087
Other comprehensive income - - 185 (4,639) - - (4,454)
Issuance of common shares 54,790,358 152 2,159 - - - 2,311
Purchase of treasury shares - - - - (4,711,935) (237) (237)
Sales of treasury shares (1) - - (6) - 105,590 6 -
Issuance of perpetual subordinated notes - - 5,616 - - - 5,616
Payments on perpetual subordinated notes - - (114) - - - (114)
Other operations with minority interests - - 23 - - - 23
Other items - - 134 - - - 134
As of December 31, 2015 2,440,057,883 7,670 101,528 (12,119) (113,967,758) (4,585) 92,494
Dividend - - (6,512) - - - (6,512)
Net income 2016 - - 6,196 - - - 6,196
Purchase of treasury shares - - - - - - -
Sales of treasury shares (1) - - (163) - 3,048,668 163 -
Share cancellation (100,331,268) (317) (3,505) - 100,331,268 3,822 -
Issuance of perpetual subordinated notes - - 4,711 - - - 4,711
Other operations with minority interests - - (98) - - - (98)
Other items - - 36 - - - 36
As of December 31, 2016 2,430,365,862 7,604 105,547 (13,871) (10,587,822) (600) 98,680
Dividend - - (6,992) - - - (6,992)
Net income 2017 - - 8,631 - - - 8,631
Other comprehensive income - - 718 5,963 - - 6,681
Purchase of treasury shares - - - - - - -
Issuance of perpetual subordinated notes - - - - - - -
Other items - - 6 - - - 6
As of December 31, 2017 2,528,989,616 7,882 112,040 (7,908) (8,376,756) (458) 111,556
Dividend - - (7,881) - - - (7,881)
Net income 2018 - - 11,446 - - - 11,446
Purchase of treasury shares - - - - (72,766,481) (4,328) (4,328)
Share cancellation (44,590,699) (131) (2,572) - 44,590,699 2,703 -
Issuance of perpetual subordinated notes - - - - - - -
Other items - - (32) - - - (32)
As of December 31, 2018 2,640,602,007 8,227 120,569 (11,313) (32,473,281) (1,843) 115,640
(1) Treasury shares related to the restricted stock grants.
Gearing (p18)
NET-DEBT-TO- EQUITY RATIO
As of December 31,
(in million dollars except percent) 2018 2017 2016 2015 2014
Net financial debt 21,657 15,424 27,121 26,586 28,754
Shareholder’s equity 118,114 114,037 101,574 95,409 93,531
Net-debt-to-equity ratio 15.5% 11.9% 21.1% 21.8% 23.5%

Replacement Cost (p18)
CAPITAL EMPLOYED BASED ON REPLACEMENT COST BY BUSINESS SEGMENT
As of December 31, 2018 2017 2016 2015 2014

Gas, Renewables & Power 9,261 4,692 4,975 4,340 -
Corporate (2,668) (2,860) (2,671) (3,317) (2,247)
Total 138,519 127,727 127,423 121,143 120,526

Capital Employed (p18)
CAPITAL EMPLOYED
As of December 31, 2018 2017 2016 2015 2014
Non-current assets 176,283 157,005 157,553 153,029 150,502
Assets and liabilities classified as held for sale 1,279 1,641 446 826 3,085
Working capital (1,507) 1,365 2,348 1,776 5,811
Long-term liabilities (36,285) (30,549) (31,652) (33,636) (37,113)
Capital employed 139,770 129,462 128,695 121,995 122,285

ROACE by Segment (p19)
ROACE BY BUSINESS SEGMENT
(in millions of dollars, except percent) 2018 2017 2016 2015 2014
Exploration & Production
Adjusted net operating income 10,210 5,985 3,217 4,330 10,504
Average capital employed (1)

111,403 107,769 105,704 101,134 98,013
ROACE 9.2% 5.6% 3.0% 4.3% 10.7%
Gas, Renewables & Power
Adjusted net operating income 756 485 439 567
Average capital employed (1)

6,977 4,834 4,658 4,260
ROACE 10.8% 10.0% 9.4% 13.3%
Refining & Chemicals
Average capital employed (1) 10,822 11,332 11,036 11,995 16,602
ROACE 31.2% 33.5% 38.0% 40.3% 15.0%
Marketing & Services
ROACE 24.7% 26.2% 26.5% 25.4% 13.3%
Corporate
Adjusted net operating income (306) 22 (136) 73 (717)
Average capital employed (1) (2,765) (2,767) (2,995) (2,826) (2,564)
Group
ROACE 11.8% 9.4% 7.5% 9.4% 11.1%
(1) At replacement cost (excluding after-tax inventory effect). Average Capital Employed = (Capital Employed beginning of the year + Capital
Employed end of the year)/2.
Cash Flow Statement (p20)
CONSOLIDATED STATEMENT OF CASH FLOW
Cash flow from operating activities
Consolidated net income 11,550 8,299 6,206 4,786 4,250
Depreciation, depletion, amortization and impairment 14,584 16,611 14,423 19,334 20,859
Non-current liabilities, valuation allowances, and deferred taxes (887) (384) (1,559) (2,563) (1,980)
(Gains) losses on sales of assets (930) (2,598) (263) (2,459) (1,979)
Undistributed affiliates’ equity earnings (826) 42 (643) (311) 29
(Increase) decrease in working capital 769 827 (1,119) 1,683 4,480
Other changes, net 443 (478) (524) (524) (51)
Cash flow from operating activities 24,703 22,319 16,521 19,946 25,608
Cash flow used in investing activities
Intangible assets and property, plant, and equipment additions (17,080) (13,767) (18,106) (25,132) (26,320)
Acquisition of subsidiaries, net of cash acquired (3,379) (800) (1,123) (128) (471)
Investments in equity affiliates and other securities (1,108) (1,368) (180) (513) (949)
Increase in non-current loans (618) (961) (1,121) (2,260) (2,769)
Total expenditures (22,185) (16,896) (20,530) (28,033) (30,509)
Proceeds from disposal of intangible assets, and property, plant eqmt 3,716 1,036 1,462 2,623 3,442
Proceeds from disposal of subsidiaries, net of cash sold 12 2,909 270 2,508 136
Proceeds from disposal of non-current investments 1,444 294 132 837 1,072
Repayment of non-current loans 2,067 1,025 1,013 1,616 1,540
Total divestments 7,239 5,264 2,877 7,584 6,190
Cash flow used in investing activities (14,946) (11,632) (17,653) (20,449) (24,319)
Cash flow (from)/used financing activities
Issuance (repayment) of shares:
– Parent company shareholders 498 519 100 485 420
– Treasury shares (4,328) - - (237) (289)
Cash dividend paid:
– Parent company’s shareholders (4,913) (2,643) (2,661) (2,845) (7,308)
– Minority shareholders (97) (141) (93) (100) (154)
Issuance of perpetual subordinated notes - - 4,711 5,616 -
Payments on perpetual subordinated notes (325) (276) (133) - -
Other transactions with non controlling interest (622) (4) (104) 89 179
Net issuance (repayment) of non-current debt 649 2,277 3,576 4,166 15,786
(Increase) decrease in current borrowings (3,990) (7,175) (3,260) (597) (2,374)
(Increase) decrease in current financial assets and liabilities (797) 1,903 1,396 (5,517) (351)
Cash flow used in financing activities (13,925) (5,540) 3,532 1,060 5,909
Net increase (decrease) in cash and cash equivalents (4,168) 5,147 2,400 557 7,198
Effect of exchange rates (1,110) 3,441 (1,072) (2,469) (2,217)
Cash and cash equivalents at the beginning of the period 33,185 24,597 23,269 25,181 20,200
Cash and cash equivalents at the end of the period 27,907 33,185 24,597 23,269 25,181
CF by Segement (p20)
CASH FLOW FROM OPERATING ACTIVITIES
(in million dollars) 2018 2017 2016 2015 2014 (1)
By business segment
Gas, Renewables & Power (670) 1,055 589 (360)
Corporate (1,497) (1,189) (351) (734) (81)
Total 24,703 22,319 16,521 19,946 25,608
(1) 2014 data are not restated to reflect the new organization with four business segments therefore the data shown for 2014 include Gas businesses.
Gross investments (p21)
GROSS INVESTMENTS (1)
By business segment
Gas, Renewables & Power 3,539 797 1,221 588
Corporate 125 106 118 70 149
Total 22,185 16,896 20,530 28,033 30,509
By geographic area
France 4,502 1,193 1,835 980 1,266
Rest of Europe 2,609 2,805 3,842 4,783 5,880
North America 2,014 2,916 2,825 3,493 3,658
Africa 4,838 5,030 6,859 9,154 9,798
Rest of world 8,222 4,952 5,169 9,623 9,907
Total 22,185 16,896 20,530 28,033 30,509
(1) Including acquisitions and increases in non-current loans.

Organic investments (p21)
ORGANIC INVESTMENTS (2) BY BUSINESS SEGMENT
Refining & Chemicals 1,604 1,625 1,642 850 1,944
Corporate 115 88 105 63 104
Total 12,426 14,395 17,484 22,976 26,430
Divestments (p21)
DIVESTMENTS BY BUSINESS SEGMENT
Refining & Chemicals 919 2,820 88 3,494 192
Marketing & Services 428 413 424 767 163
Corporate 9 40 12 25 71
Total 7,239 5,264 2,877 7,584 6,190

Share information (p23)
SHARE INFORMATION
2018 2017 2016 2015 2014
Shares outstanding (as of December 31) 2,640,602,007 2,528,989,616 2,430,365,862 2,440,057,883 2,385,267,525
Fully-diluted weighted-average number of shares (1)

2,623,716,444 2,494,756,413 2,389,713,936 2,304,435,542 2,281,004,151
Shares on a fully-diluted basis (as of December 31) (1)

2,623,358,837 2,535,742,821 2,435,713,864 2,336,295,758 2,285,476,721
Treasury Shares 32,473,281 8,376,756 10,587,822 113,967,758 109,361,413
Price per share (€)
High 56.82 49.50 48.89 50.30 54.71
Low 43.09 42.23 35.21 36.92 38.25
Year-end 46.18 46.05 48.72 41.27 42.52
Price per ADR ($)
High 65.69 57.07 51.36 55.86 74.22
Low 49.70 48.15 39.05 40.93 48.43
Year-end 52.18 55.28 50.97 44.95 51.20
Market capitalization at year-end, computed on shares outstanding
Billion € 121.9 116.4 118.4 100.7 101.4
Billion $ 137.8 139.8 123.8 109.7 122.1
Trading volume (daily average)
Euronext Paris 6,199,835 5,380,909 6,508,817 7,412,179 5,519,597
New York Stock Exchange (number of ADRs) 1,855,274 1,667,928 2,109,802 1,853,669 1,277,433
Adjusted fully-diluted earnings per share ($) (2) 5.05 4.12 3.38 4.51 5.63
Dividend per share (€) 2.56 (3) 2.48 2.45 2.44 2.44
Dividend per ADR ($) 2.94 (3) (4) 2.96 2.61 2.67 2.93
Pay-out (5) 60% 68% 80% 60% 58%
Price-to-earning ratio (6) 10.8 12.6 15.9 10.1 10.1
Yield (7) 5.54% 5.39% 5.03% 5.91% 5.74%
(1) Excluding treasury shares, cancelled in the consolidated equity pursuant to IFRS rules.
(3) Subject to approval of the Annual General Meeting on May 29, 2019.
(4) 2018 estimated dividend in dollars includes the first quarterly interim ADR dividend of $0.74 paid in October 2018 and the second quarterly interim ADR dividend of $0.74 paid in
January 2019, as well as the third quarterly interim ADR dividend of $0.73 payable in April 2019 and the proposed final interim ADR dividend of $0.73 payable in June 2019, both
converted at a rate of $1.15/€.
(5) Dividend (€)/adjusted fully-diluted earnings per share (€).
(6) Share price at year-end (€)/adjusted fully-diluted earnings per share
(€).
(7) Dividend (€)/share price at year-end (€).
Payroll (p24)
PAYROLL(1)
For the year ended December 31, 2018 2017 2016 2015 2014
Wages and salaries (including social charges) 9,099 7,985 8,238 8,088 9,690
(1) Personnel expenses and number of employees of fully-consolidated subsidiaries.

Number of employees (p24)
NUMBER OF EMPLOYEES
As of December 31, 2018 2018 2017 2016 2015 2014
Number of employees by region(1)
France 34.5% 32.1% 31.1% 31.5% 32.5%
Rest of Europe 28.3% 26.1% 25.2% 24.5% 23.9%
Rest of world 37.2% 41.8% 43.7% 44.0% 43.6%
Total 104,460 98,277 102,168 96,019 100,307
As of December 31, 2018 2018 2017 2016 2015
Number of employees by business segment(1)
Exploration & Production 13.2% 14.3% 14.6% 17.1%
Gas, Renewables & Power 11.6% 11.8% 12.7% 9.8%
Refining & Chemicals 48.7% 49.8% 50.4% 50.2%
Marketing & Services 24.0% 21.6% 20.4% 21.3%
Corporate 2.5% 2.5% 1.9% 1.6%
Total 104,460 98,277 102,168 96,019

(1) Personnel expenses and number of employees of fully-consolidated subsidiaries.
As of December 31, 2018
Number of employees by business segment(2)
Exploration & Production 12,801
Gas, Renewables & Power 12,001
Refining & Chemicals 49,883
Refining & Chemicals 49,231
Trading & Shipping 652
Marketing & Services 24,630
Corporate 2,512
(2) Employees present: employees present are employees on the payroll of the consolidated scope, less employees who are not present, i.e., persons who are under suspended
contract (sabbatical, business development leave, etc.), absent on long-term sick leave (more than six months), assigned to a company outside the Group, etc.
EP Financial Highlights (p29)
FINANCIAL HIGHLIGHTS(1)
Adjusted net operating income (2) 10,210 5,985 3,217 4,330 10,504
Gross investments (3)

15,282 12,802 16,085 24,233 26,520

9,186 11,310 14,464 20,536 22,959
Divestments 4,952 1,918 2,187 2,880 5,764
Cash flow from operations (5)

19,803 12,821 9,866 12,165 16,666
Cash flow from operations before working capital 19,374 14,753 10,592 11,920 19,077
changes w/o financial charges (DACF) (6)
(1) 2014 data are not restated to reflect the new organization with four business segments therefore the data shown for 2014 include Gas businesses.
(2) Adjusted results are defined as income at replacement cost, adjusted for special items, and excluding the impact of fair value changes.
(3) Including acquisitions and increases in non current-loans.
(5) Excluding financial charges.
EP Production (p29)
PRODUCTION
2018 2017 2016 2015 2014
Oil (including bitumen) (Kb/d) 1,378 1,167 1,088 1,022 853
Gas (including Condensates and associated NGL) (Kboe/d) 1,397 1,399 1,364 1,325 1,293
Combined production (Kboe/d) 2,775 2,566 2,452 2,347 2,146
2018 2017 2016 2015 2014
Liquids (Kb/d) (1) 1,566 1,346 1,271 1,237 1,034
Gas (Mcf/d) 6,599 6,662 6,447 6,054 6,063
Combined production (Kboe/d) 2,775 2,566 2,452 2,347 2,146
(1) Including bitumen.

EP Reserves (p29)
PROVED RESERVES(1)
2018 2017 2016 2015 2014
Oil (including bitumen) (Mb) 5,203 4,615 4,543 4,688 4,354
Gas (including Condensates and associated NGL) (Mboe) 6,847 6,860 6,975 6,892 7,169
Total (Mboe) 12,050 11,475 11,518 11,580 11,523
2018 2017 2016 2015 2014
Liquids (Mb) (2) 6,049 5,450 5,414 5,605 5,303
Gas (Bcf) 32,325 32,506 32,984 32,206 33,590
Total (Mboe) 12,050 11,475 11,518 11,580 11,523
(1) Proved reserves are calculated in accordance with the United States Securities and Exchange Commission regulations.
(2) Including bitumen.
EP Ratios Group (p30)
KEY OPERATING RATIOS ON PROVED RESERVES - GROUP
(three-year average) 2016-2018 2015-2017 2014-2016 2013-2015 2012-2014
Finding costs ($/boe) (1) 3.0 2.6 3.2 4.2 5.5
Reserve replacement costs ($/boe) (2)

13.8 16.6 20.6 23.2 24.8
Reserve replacement rate (%) (3) (4)

117 98 100 109 104
Organic reserve replacement rate (%) (4) (5)

98 100 106 121 107
(in years) 2018 2017 2016 2015 2014
Reserve life(6) 11.9 12.3 12.8 13,5 14.7
(1) (Exploration costs + unproved property acquisition) / (revisions + extensions and discoveries).
(2) Total costs incurred / (revisions + extensions, discoveries + acquisitions)
(3) (Revisions + extensions, discoveries + acquisitions – sales of reserves) / production for the period.
(4) Including the mechanical effect of changes in oil prices at year-end.
(5) (Revisions + extensions, discoveries) / production for the period; excluding acquisitions and sales of reserves.
(6) Reserves at year-end / production of the year.
EP Ratio Subsids (p30)
KEY OPERATING RATIOS ON PROVED RESERVES - CONSOLIDATED SUBSIDIARIES
(in dollars per barrel of oil equivalent) 2016-2018 2015-2017 2014-2016 2013-2015 2012-2014
Finding costs (1) 4.2 3.4 4.9 6.5 10.3
Reserve replacement costs (2)

18.5 22.1 33.3 36.5 47.4
(in dollars per barrel of oil equivalent) 2018 2017 2016 2015 2014
Operating costs 5.7 5.4 5.9 7.4 9.9
Exploration costs 1.0 1.2 1.4 2.4 3.4
DD&A 12.2 12.8 13.1 13.2 15.0
Technical costs (3) (4)

18.9 19.4 20.4 23.0 28.3
(1) (Exploration costs + unproved property acquisition) / (revisions + extensions, discoveries).

(2) Total costs incurred / (revisions + extensions, discoveries + acquisitions)
(3) Excluding non-recurring items.

(4) (Production costs + exploration expenses + DD&A) / production of the year.
EP Production by Country (p31)
Combined liquids and gas production (1)(2)
(in thousands of barrels of oil equivalent per day) 2018 2017 2016 2015 2014
Europe and Central Asia 909 761 757 664 613
Azerbaijan - - - - 14
Denmark 42 - - - -
France - - - - 2
Italy <1 - - - -
Kazakhstan 70 42 4 - -
Norway 211 239 235 239 242
Netherlands 18 20 25 28 31
United Kingdom 179 142 158 107 89
Russia 389 318 335 290 235
Africa (excl. North Africa) 670 654 634 639 610
Angola 211 229 243 248 200
The Congo, Republic of 136 104 90 87 95
Gabon 39 54 58 59 58
Nigeria 284 267 243 245 257
Middle East and North Africa 666 559 517 531 438
Algeria 47 15 23 25 20
United Arab Emirates 288 290 291 287 127
Iraq 19 16 18 18 12
Libya 63 31 14 14 27
Oman 38 37 37 36 36
Qatar 211 170 134 134 132
Yemen - - - 17 84
Americas 389 348 279 255 247
Argentina 79 76 78 72 75
Bolivia 42 46 34 28 30
Brazil 19 <1 -
Canada(3) 95 59 34 14 12
Colombia 1 <1 -
Trinidad & Tobago -
United States 119 123 86 89 78
Venezuela 34 44 47 52 52
Asia Pacific 141 244 265 258 238
Australia 34 19 16 4 4
Brunei 19 21 18 15 15
China 16 15 10 11 12
Indonesia 3 112 140 147 130
Myanmar 17 19 21 19 17
Thailand 52 58 60 62 60
Total production 2,775 2,566 2,452 2,347 2,146
Including share of equity affiliates 671 639 600 559 571
Angola 20 20 5 - 2
Oman 37 35 36 34 34
Qatar 157 114 76 77 77
Russia 385 313 327 280 227
Venezuela 23 32 33 37 38
Yemen - - - 15 75
(1) The geographical zones are as follows: Europe and Central Asia; Africa (excluding North Africa); Middle East and North Africa; Americas; and Asia-Pacific. 2014-2015 data have
been restated accordingly.
(2) Including fuel gas (454 Mcf/d in 2018, 473 Mcf/d ni 2017, 448 Mcf/d in 2016, 435 Mcf/d in 2015, 426 Mcf/d in 2014).
(3) The Group’s production in Canada consists of bitumen only. All of the Group’s bitumen production is in Canada.
EP Liquids by Country (p32)
LIQUIDS PRODUCTION (1)
(in thousands of barrels per day) 2018 2017 2016 2015 2014
Europe and Central Asia 334 265 249 215 201
Denmark 25 - - - -
France - - - - -
Italy <1 - - - -
Norway 104 121 121 125 135
Netherlands - - - 1 1
United Kingdom 75 42 49 35 29
Russia 74 71 76 54 33
Angola 186 204 230 238 191
Gabon 36 51 55 55 55
Nigeria 161 149 140 147 156
Middle East and North Africa 520 419 373 372 224
Algeria 30 4 6 7 5
Iraq 18 15 17 18 12
Libya 62 31 14 14 27
Oman 26 25 26 25 24
Qatar 108 66 31 32 32
Yemen - - - 2 9
Americas 183 132 109 95 89
Argentina 7 6 8 8 9
Bolivia 5 5 4 3 4
Brazil 18 <1 -
Canada 95 59 34 14 12
Colombia 1 <1 - - -
Trinidad & Tobago - - - - -
Venezuela 22 31 32 36 37
Asia Pacific 16 28 31 34 30
Australia 3 - - - -
Brunei 5 3 3 3 2
China - <1 - - -
Indonesia - 16 19 22 18
Myanmar - - - - -
Thailand 8 9 9 9 10
Including share of equity affiliates 247 284 247 219 200
Angola 4 5 1 - -
Oman 24 23 24 24 23
Qatar 85 43 7 7 7
Russia 71 67 69 45 24
Venezuela 22 31 32 36 37
(1) Liquids consist of crude oil, bitumen, condensates and natural gas liquids (NGL). With respect to bitumen, the Group’s production in Canada consists of bitumen only, and all of the
Group’s bitumen production is in Canada. With respect to NGL, the table above does not set forth separate figures for NGL because they represented less than 7.5% of the Group’s
total liquids production in each of the years 2014, 2015, 2016, 2017 and 2018.
EP Gas by Country (p33)
GAS PRODUCTION(1)
(in millions of cubic feet per day) 2018 2017 2016 2015 2014
Europe and Central Asia 3,099 2,674 2,737 2,413 2,224
Denmark 99 - - - -
France - - - - 9
Italy - - - - -
Norway 577 640 618 614 576
Netherlands 98 112 141 158 171
United Kingdom 566 551 595 389 333
Russia 1,689 1,318 1,377 1,252 1,076
Angola 132 130 68 49 54
Gabon 12 14 15 15 14
Nigeria 610 583 509 487 511
Middle East and North Africa 805 771 795 874 1,163
Algeria 94 58 90 96 79
Iraq 1 1 1 1 1
Libya 9 - - - -
Oman 67 64 62 58 61
Qatar 577 585 575 573 555
Yemen - - - 80 406
Americas 1,161 1,212 944 896 884
Argentina 402 388 391 354 367
Bolivia 204 216 160 133 139
Brazil 1 - -
Colombia - - - - -
Trinidad & Tobago - - - - -
United States 483 527 304 308 285
Venezuela 71 81 89 101 93
Asia Pacific 748 1,247 1,350 1,290 1,178
Australia 181 114 91 28 23
Brunei 72 87 78 62 66
China 88 80 53 59 63
Indonesia 14 519 657 676 594
Myanmar 133 151 165 153 135
Thailand 260 296 306 312 297
Including share of equity affiliates 2,281 1,914 1,894 1,828 1,988
Angola 81 80 20 - 10
Oman 67 64 62 58 61
Qatar 395 395 379 383 381
Russia 1,689 1,317 1,375 1,250 1,075
Venezuela 4 5 7 7 6
Yemen - - - 80 404
(1) Including fuel gas (454 Mcf/d in 2018, 473 Mcf/d in 2017, 448 Mcf/d in 2016, 435 Mcf/d in 2015, 426 Mcf/d in 2014).
EP Changes to reserves (p34-38)
CHANGES IN OIL, BITUMEN AND GAS RESERVES

The following tables present an estimate of the Group’s oil, bitumen and gas quantities by geographic areas as of December 31, 2018, 2017 and 2016.
Quantities shown correspond to proved developed and undeveloped reserves together with changes in quantities for 2018, 2017 and 2016.
The definitions used for proved, proved developed and proved undeveloped oil and gas reserves are in accordance with the revised Rule 4-10 of SEC Regulation S-X.
All references in the following tables to reserves or production are to the Group’s entire share of such reserves or production. TOTAL’s worldwide proved reserves include the proved
reserves of its
consolidated subsidiaries as well as its proportionate share of the proved reserves of equity affiliates.
Significant changes in proved reserves between 2017 and 2018 are discussed below.
For consolidated subsidiaries, the revisions of +450 Mboe for the year 2018 were due to:
+438 Mboe due to new information obtained from drilling and production history mainly in the United Arab Emirates, the United Kingdom and Angola;
+29 Mboe due to economic factors as a result of higher yearly average hydrocarbon prices, including a delayed economic limit on a number of assets, partly compensated by lower
entitlement share from production sharing and risked service contracts; and
-17 Mboe due to other revisions.
The acquisitions in Europe and Central Asia, and in Middle East and North Africa, correspond mainly to the acquired Maersk Oil assets in the United Kingdom, Norway, Denmark and
Algeria.
The acquisitions in the Americas correspond mainly to new assets in Brazil.
The sales in Europe and Central Asia correspond mainly to the sale in Norway.
The sales in Asia- Pacific correspond to decrease in interest in Australia.
The extensions in Europe and Central Asia correspond mainly to recognition of reserves in Denmark, following the acquisition of Maersk Oil.
The extensions in Middle East and North Africa correspond mainly to recognition of reserves in the United Arab Emirates and Algeria.
For equity affiliates, the revisions of +187 Mboe for the year 2018 were mainly due to new information obtained from drilling and production history in Russia
The acquisitions in Russia correspond to the acquisition by Novatek of GeoTransGas and the increased interest in Novatek’s share capital.
(in million barrels of oil equivalent) Oil, bitumen and gas reserves - Consolidated subsidiaries
Europe & Africa

Central (excluding Middle East
Asia (excl. North & North
Proved developed and undeveloped reserves Russia) Russia Africa) Africa Americas Asia Pacific Total
Balance as of December 31, 2013 – Brent at
108.02 $/b 2,287 28 2,414 590 1,824 1,082 8,225
Revisions of previous estimates 26 4 42 13 (11) 26 100
Extensions, discoveries and other 21 - 111 3 151 29 315
Acquisitions of reserves in place 1 - - - - - 1
Sales of reserves in place (232) - (21) - - - (253)
Production for the year (138) (3) (222) (49) (76) (87) (575)
101.27 $/b 1,965 29 2,324 557 1,888 1,050 7,813
Revisions of previous estimates 1 - (4) (7) 144 62 196
Acquisitions of reserves in place - - - - - - -
Sales of reserves in place (28) - (76) - (160) - (264)
Balance as of December 31, 2015 – Brent at 54.17
$/b 1,812 25 2,020 1,309 1,799 1,025 7,990

Acquisitions of reserves in place - - - - 152 - 152
Sales of reserves in place (27) (13) - - (21) - (61)
$/b 1,726 11 1,802 1,442 1,639 982 7,602
Revisions of previous estimates 122 2 106 50 195 44 519

Extensions, discoveries and other – – 29 62 149 6 246
Acquisitions of reserves in place 9 – 2 – – – 11
Sales of reserves in place (17) – (28) – (52) – (97)
$/b 1,678 11 1,679 1,450 1,816 943 7,577
Revisions of previous estimates 126 – 132 137 28 27 450

Extensions, discoveries and other 69 – 45 444 27 13 598
Acquisitions of reserves in place 316 – – 85 86 487
Sales of reserves in place (103) – (5) – (24) (89) (221)
$/b 1,896 10 1,613 1,962 1,799 843 8,123
Minority interest in proved developed and undeveloped reserves as of
December 31, 2014 – Brent at 101.27 $/b - - 146 - - - 146
December 31, 2018 – Brent at 71.43 $/b - - 98 98

(in million barrels of oil equivalent) Oil, bitumen and gas reserves - Equity affiliates
Europe & Africa

108.02 $/b - 1,642 76 1,335 248 - 3,301
Revisions of previous estimates - 6 (2) (8) 2 - (2)
Extensions, discoveries and other - 516 - 2 - - 518
Acquisitions of reserves in place - 107 - - - - 107
Sales of reserves in place - (6) - - - - (6)
Production for the year - (83) (1) (110) (14) - (208)

101.27 $/b - 2,182 73 1,219 236 - 3,710
Revisions of previous estimates - 96 (2) (10) (44) - 40
Extensions, discoveries and other - - - - - - -
Production for the year - (102) - (88) (14) - (204)

$/b - 2,220 71 1,121 178 - 3,590
Revisions of previous estimates - 16 - 68 (1) - 83

Extensions, discoveries and other - 331 - - - - 331
Acquisitions of reserves in place - - - 190 - - 190

$/b - 2,389 70 1,292 165 - 3,916
Revisions of previous estimates – 17 – 45 (6) – 56

Extensions, discoveries and other – 124 – – – – 124
Acquisitions of reserves in place – 35 – – – – 35
Sales of reserves in place – – – – – – –
Production for the year – (114) (7) (100) (12) – (233)

$/b – 2,451 63 1,237 147 – 3,898
Revisions of previous estimates – 128 (1) 61 (1) – 187

Sales of reserves in place – (26) – – – – (26)

$/b – 2,525 55 1,209 138 – 3,927
(in million barrels of oil equivalent) Oil, bitumen and gas reserves - Consolidated subsidaries and equity affiliates
Europe & Africa

As of December 31, 2014 – Brent at 101.27 $/b
Proved developed and undeveloped reserves 1,965 2,211 2,397 1,776 2,124 1,050 11,523
Consolidated subsidiaries 1,965 29 2,324 557 1,888 1,050 7,813
Equity affiliates - 2,182 73 1,219 236 - 3,710
Proved developed reserves 991 1,067 1,321 1,593 535 199 5,706
Consolidated subsidiaries 991 18 1,304 467 450 199 3,429
Proved undeveloped reserves 974 1,144 1,076 183 1,589 851 5,817
Consolidated subsidiaries 974 11 1,020 90 1,438 851 4,384
Equity affiliates - 1,133 56 93 151 - 1,433

Consolidated subsidiaries 1,812 25 2,020 1,309 1,799 1,025 7,990
Proved developed reserves 1,009 1,070 1,173 2,062 626 246 6,186
Consolidated subsidiaries 1,009 16 1,161 1,070 549 246 4,051
Proved undeveloped reserves 803 1,175 918 368 1,351 779 5,394
Consolidated subsidiaries 803 9 859 239 1,250 779 3,939

Proved developed and undeveloped reserves 1,726 2,400 1,872 2,734 1,804 982 11,518
Consolidated subsidiaries 1,726 11 1,802 1,442 1,639 982 7,602
Proved undeveloped reserves 701 1,383 731 453 825 758 4,851
Consolidated subsidiaries 701 4 670 284 742 758 3,159

(in million barrels of oil equivalent) Oil, bitumen and gas reserves - Consolidated
Europe & Africa

Equity affiliates – 2,451 63 1,237 147 – 3,898
Proved undeveloped reserves 578 1,118 536 431 1,056 746 4,465
Equity affiliates – 1,115 49 158 77 – 1,399

Proved developed reserves 1,275 1,395 1,266 2,702 1,245 517 8,400
Proved undeveloped reserves 621 1,140 402 469 692 326 3,650

EP Changes oil res. (p39-42)
CHANGES IN OIL RESERVES

Oil reserves include crude oil, condensates and natural gas liquids reserves.
(in millions of barrels) Oil reserves - Consolidated subsidiaries
Europe & Africa


108.02 $/b 1,131 25 1,758 345 86 211 3,556
Revisions of previous estimates 13 4 27 11 3 5 63

101.27 $/b 1,043 26 1,688 327 88 207 3,379
Revisions of previous estimates (9) - 3 (46) 27 10 (15)
Extensions, discoveries and other 4 - 8 856 2 - 870

$/b 976 23 1,450 1,051 101 205 3,806
Extensions, discoveries and other 14 - 11 4 11 - 40

$/b 936 10 1,282 1,210 85 200 3,723
Revisions of previous estimates 42 - 94 57 7 2 202
Extensions, discoveries and other - - 18 38 91 - 147
Acquisitions of reserves in place 3 - 2 - - - 5

$/b 902 9 1,188 1,218 168 192 3,677
Acquisitions of reserves in place 221 - - 60 83 - 364
Sales of reserves in place (36) - (3) - - (23) (62)

$/b 1,060 8 1,129 1,687 280 174 4,338
December 31, 2018 – Brent at 71.43 $/b - - 90 90

(in millions of barrels) Oil reserves - Equity affiliates
Europe & Africa


108.02 $/b - 148 12 372 237 - 769
Revisions of previous estimates - (3) (5) (3) 2 - (9)
Extensions, discoveries and other - 81 - 3 - - 84

101.27 $/b - 225 7 321 226 - 779
Revisions of previous estimates - 34 6 (11) (42) - (13)

$/b - 246 13 260 170 - 689
Revisions of previous estimates - 42 - 58 (1) - 99
Extensions, discoveries and other - 15 - - - - 15

$/b - 276 13 432 157 - 878
Revisions of previous estimates – 16 – 44 (6) – 54
Sales of reserves in place – – – – – – -

$/b - 284 11 410 140 - 845
Revisions of previous estimates – 54 57 (3) 108
Extensions, discoveries and other – – – – – – –

$/b – 317 9 413 129 – 868
(in millions of barrels of oil equivalent) Oil reserves - Consolidated subsidaries and equity affiliates
Europe & Africa


Proved developed and undeveloped reserves 1,043 251 1,695 648 314 207 4,158
Consolidated subsidiaries 1,043 26 1,688 327 88 207 3,379
Equity affiliates - 225 7 321 226 - 779
Proved developed reserves 446 136 934 512 136 17 2,181
Proved undeveloped reserves 597 115 761 136 178 190 1,977
Proved developed and undeveloped reserves 976 269 1,463 1,311 271 205 4,495
Proved developed reserves 445 151 836 1,061 145 17 2,655
Proved undeveloped reserves 531 118 627 250 126 188 2
Consolidated subsidiaries 531 8 617 205 30 188 2

Consolidated subsidiaries 936 10 1,282 1,210 85 200 3,723

Consolidated subsidiaries 902 9 1,188 1,218 168 192 3,677
Equity affiliates – 284 11 410 140 – 845
Consolidated subsidiaries 541 8 849 1,000 77 10 2,485

Proved developed and undeveloped reserves 1,060 325 1,138 2,100 409 174 5,206
Consolidated subsidiaries 698 6 927 1,430 106 118 3,285
EP Changes bitum. res. (p43)
CHANGES IN BITUMEN RESERVES
(in million barrels) Bitumen reserves - Consolidated subsidiaries
Europe & Africa

108.02 $/b - - - - 1,088 - 1,088
Revisions of previous estimates - - - - (25) - (25)
Extensions, discoveries and other - - - - 87 - 87
Sales of reserves in place - - - - - - -
Production for the year - - - - (5) - (5)
101.27 $/b - - - - 1,145 - 1,145
Revisions of previous estimates - - - - 130 - 130
Sales of reserves in place - - - - (160) - (160)
$/b - - - - 1,110 - 1,110
Revisions of previous estimates - - - - (284) - (284)
Sales of reserves in place - - - - - - -
$/b - - - - 813 - 813
Revisions of previous estimates – – – – 189 – 189
Extensions, discoveries and other – – – – - – –
Acquisitions of reserves in place – – – – - – –
Sales of reserves in place – – – – (52) – (52)
Production for the year – – – – (22) – (22)
$/b – – – – 928 – 928
Revisions of previous estimates – – – – (26) – (26)
Extensions, discoveries and other – – – – - – –
Acquisitions of reserves in place – – – – - – –
Sales of reserves in place – – – – (24) – (24)
Production for the year – – – – (35) – (35)
$/b – – – – 843 – 843
Proved developed reserves as of

December 31, 2014 – Brent at 101.27 $/b - - - - 17 - 17
Proved undeveloped reserves as of
December 31, 2014 – Brent at 101.27 $/b - - - - 1,128 - 1,128
December 31, 2015 – Brent at 54.17 $/b - - - - 1,010 - 1,010
There are no bitumen reserves for equity affiliates. There are no minority interests for bitumen reserves.
EP Changes gas res. (p44-47)
CHANGES IN GAS RESERVES

(in billion cubic feet) Gas reserves - Consolidated subsidiaries
Europe & Africa

108.02 $/b 6,205 16 3,291 1,385 3,663 4,782 19,342
Acquisitions of reserves in place 6 - - - - - 6
Sales of reserves in place (1,038) - (6) - - - (1,044)
Production for the year (419) (1) (220) (97) (320) (431) (1,488)
101.27 $/b 4,934 15 3,203 1,300 3,693 4,622 17,767
Revisions of previous estimates 55 1 (57) 197 (92) 296 400
$/b 4,470 15 2,848 1,429 3,301 4,485 16,548
Revisions of previous estimates 143 (2) (44) (28) 347 189 605
Extensions, discoveries and other 173 - - 7 126 85 391
Acquisitions of reserves in place - - - - 874 - 874
$/b 4,208 5 2,584 1,297 4,204 4,265 16,563
Revisions of previous estimates 434 2 52 (44) (21) 233 656
Extensions, discoveries and other – – 53 131 323 35 542
Acquisitions of reserves in place 34 – – – – – 34
Sales of reserves in place (49) – (10) – – – (59)
Production for the year (495) – (248) (94) (440) (455) (1,732)
$/b 4,132 7 2,431 1,290 4,066 4,078 16,004
Revisions of previous estimates 481 1 39 (21) 24 141 665
Acquisitions of reserves in place 516 - - 130 14 - 660
Sales of reserves in place (362) - (5) - - (343) (710)
Production for the year (515) - (257) (110) (421) (273) (1,576)
$/b 4,428 8 2,399 1,503 3,824 3,632 15,794

December 31, 2018 – Brent at 71.43 $/b 43 43
(in billions of cubic feet) Gas reserves - Equity affiliates
Europe & Africa

108,02 $/b - 8,029 343 5,250 62 - 13,684
Revisions of previous estimates - 50 17 (25) 2 - 44
Extensions, discoveries and other - 2,328 - - - - 2,328
101.27 $/b - 10,508 356 4,897 62 - 15,823
Revisions of previous estimates - 337 (45) 6 (11) - 287
$/b - 10,604 311 4,695 48 - 15,658
Revisions of previous estimates - (132) (3) 51 (1) - (85)
Extensions, discoveries and other - 1,717 - - - - 1,717
$/b - 11,378 301 4,697 45 - 16,421
Revisions of previous estimates – 3 4 3 (1) – 9
Sales of reserves in place – – – – – – –
$/b – 11,671 276 4,513 42 – 16,502
Revisions of previous estimates – 394 (9) 28 11 – 424
$/b – 11,886 237 4,357 51 – 16,531
(in billion of cubic feet) Gas reserves - Consolidated subsidaries and equity affiliates
Europe & Africa
Proved developed reserves 2,914 4,958 1,939 5,946 2,167 1,109 19,033
Proved undeveloped reserves 2,020 5,565 1,620 251 1,588 3,513 14,557
Proved undeveloped reserves 1,449 5,729 1,502 613 1,196 3,107 13,596
Proved undeveloped reserves 1,296 6,777 1,303 638 475 3,005 13,494
Consolidated subsidiaries 1,296 2 1,039 140 453 3,005 5,935
Proved undeveloped reserves 1,168 5,416 958 652 615 2,951 11,760
Consolidated subsidiaries 1,168 3 739 276 590 2,951 5,727
Proved undeveloped reserves 1,378 5,468 978 627 662 1,413 10,526
Consolidated subsidiaries 1,378 4 774 279 636 1,413 4,484
EP Results op. (p48-49)
RESULTS OF OPERATIONS FOR OIL AND GAS PRODUCING ACTIVITIES

The following tables do not include revenues and expenses related to oil and gas transportation activities and LNG liquefaction and transportation.
(in million dollars) Consolidated subsidiaries

Africa
Europe & (excluding Middle East
Central North & North
Asia Russia Africa) Africa Americas Asia Pacific Total
2014
Revenues Non-Group sales 2,200 - 2,885 1,480 1,195 4,296 12,056
Revenues Group sales 6,064 236 13,010 1,348 971 644 22,273
Total Revenues 8,264 236 15,895 2,828 2,166 4,940 34,329
Production costs (1,800) (44) (2,166) (559) (466) (666) (5,701)
Exploration expenses (636) (9) (520) (255) (183) (362) (1,965)
Depreciation, depletion and amortization and valuatio (2,170) (97) (4,570) (724) (5,717) (1,877) (15,155)
Other expenses (1)

(419) (29) (1,172) (317) (402) (167) (2,506)
Pre-tax income from producing activities(2) 3,239 57 7,467 973 (4,602) 1,868 9,002
Income tax (1,693) (32) (5,513) (887) 882 (1,149) (8,392)
Results of oil and gas producing activities(2) 1,546 25 1,954 86 (3,720) 719 610
2015
Revenues Non-Group sales 1,345 - 989 2,340 970 3,013 8,657
Total Revenues 5,161 129 8,805 4,198 1,241 3,369 22,903
Depreciation, depletion and amortization and valuatio (2,415) (203) (6,155) (1,344) (1,548) (3,483) (15,148)
Other expenses (1)

(350) (16) (722) (2,756) (280) (121) (4,245)
Pre-tax income from producing activities(3) 214 (127) (466) (787) (1,198) (1,063) (3,427)
Income tax 458 (4) (220) (123) 210 (173) 148
Results of oil and gas producing activities(3) 672 (131) (686) (910) (988) (1,236) (3,279)
2016
Revenues Non-Group sales 1,075 - 507 613 963 2,113 5,271
Total Revenues 4,121 72 7,333 3,646 1,457 2,557 19,186
Depreciation, depletion and amortization and valuatio (3,421) (89) (4,566) (599) (603) (1,191) (10,469)
Other expenses(1) (339) (8) (615) (2,328) (224) (97) (3,611)
Pre-tax income from producing activities(4) (1,234) (58) 443 (127) (54) 841 (189)
Income tax 818 14 (143) (205) (27) (184) 273
Results of oil and gas producing activities(4) (416) (44) 300 (332) (81) 657 84
2017
Revenues Non-Group sales 1,454 0 975 934 1,335 2,160 6,858
Total Revenues 5,386 41 9,461 4,640 2,156 2,613 24,297
Exploration expenses (419) (2) (164) (10) (193) (76) (864)
Depreciation, depletion and amortization and valuatio (2,928) (36) (5,790) (511) (2,569) (820) (12,654)
Other expenses (1)
(352) (7) (775) (2,619) (338) (121) (4,212)
Pre-tax income from producing activities (5) 615 (18) 1,382 1,066 (1,545) 1,278 2,778
Income tax (776) (2) (853) (469) 387 (482) (2,195)
Results of oil and gas producing activities (5) (161) (20) 529 597 (1,158) 796 583
2018
Revenues Non-Group sales 2,199 - 1,899 2,331 1,109 1,384 8,922
Revenues Group sales 6,686 86 10,702 6,760 1,730 222 26,186
Total Revenues 8,885 86 12,601 9,091 2,839 1,606 35,108
Exploration expenses (297) (1) (144) (45) (218) (93) (798)
Depreciation, depletion and amortization and valuatio (2,464) (33) (4,400) (1,227) (1,356) (1,066) (10,546)
Other expenses(1) (395) (12) (993) (5,561) (423) (141) (7,525)
Pre-tax income from producing activities (6) 4,183 26 5,856 1,641 (22) 159 11,843
Income tax (2,356) (16) (2,440) (868) 88 (25) (5,617)
Results of oil and gas producing activities (6) 1,827 10 3,416 773 66 134 6,226
(1) Included production taxes and accretion expense as provided by IAS 37 ($526 million in 2014, $497 million in 2015, $507 million in 2016, $525 million in 2017 and $515 million in 2018).
(2) Including adjustment items applicable to ASC 932 perimeter, amounting to a net charge of $6,532 million before tax and $5,364 million after tax, mainly related to asset impairments.
(5) Including adjustment items applicable to ASC 932 perimeter, amounting to a net charge of $ 3,712 million before tax and $3,305 million after tax, essentially related to asset impairments.
(6) Including adjustment items applicable to ASC 932 perimeter, amounting to a net charge of $ 1,238 million before tax and $703 million after tax, essentially related to asset impairments.
(in million dollars) Equity affiliates

Africa
Europe & (excluding Middle East
Central North & North
Group’s share of results of oil and gas producing a Asia Russia Africa) Africa Americas Asia Pacific Total
2014 - 410 (21) 1,838 (69) - 2,158
2015 - 285 - 699 32 - 1,016
2016 - 398 - 380 102 - 880
2017 - 483 72 547 62 - 1,164
2018
Revenues Non-Group sales - 1,915 122 3,429 346 - 5,812
Revenues Group sales - 45 32 941 - - 1,018
Total Revenues - 1,960 154 4,370 346 - 6,830
Production costs - (139) - (399) (49) - (587)
Exploration expenses - (14) - - - - (14)
Depreciation, depletion and amortization and valuatio - (196) - (253) (68) - (517)
Other expenses - (239) (32) (2,548) (185) - (3,004)
Pre-tax income from producing activities - 1,372 122 1,170 44 - 2,708
Income tax - (228) - (424) (3) - (655)
Results of oil and gas producing activities - 1,144 122 746 41 - 2,053
EP Costs incurred (p50)
COST INCURRED
The following tables set forth the costs incurred in the Group’s oil and gas property acquisition, exploration and development activities, including both capitalized and
expensed amounts.
They do not include costs incurred related to oil and gas transportation and LNG liquefaction and transportation activities.

Europe & Africa
Russia) Russia Africa) Africa Americas Asia Pacific Total
2014
Proved property acquisition 80 - 17 (1) - 9 105

Unproved property acquisition 82 - 69 7 544 1 703
Exploration costs 500 9 882 403 375 451 2,620
Development costs(1) 5,151 116 8,037 567 3,468 3,024 20,363
Total cost incurred 5,813 125 9,005 976 4,387 3,485 23,791
2015
Proved property acquisition 57 - 59 1,039 - 10 1,165

Unproved property acquisition - 4 26 1,205 199 4 1,438
Development costs (1)
4,735 97 7,582 600 3,143 2,381 18,538
Total cost incurred 5,410 104 7,954 3,107 3,857 2,656 23,088
2016
Proved property acquisition 102 1 31 10 415 - 559

Development costs(1) 3,041 30 5,977 729 2,032 898 12,707
Total cost incurred 3,742 34 6,172 833 3,123 1,079 14,983
2017
Proved property acquisition 47 - 1 1 14 - 63

Development costs(1) 1,445 20 3,544 948 1,957 1,073 8,987
2018(2)
Proved property acquisition 2,899 - 210 473 1,417 - 4,999
Unproved property acquisition 3,173 - 245 2,337 2,137 1 7,893
Development costs(1) 1,642 23 3,252 1,378 1,649 1,346 9,290

Europe & Africa
Group's share of costs of property acquisition Asia (excl. North & North
exploration and development Russia) Russia Africa) Africa Americas Asia Pacific Total
2014 - 970 - 500 195 - 1,665
2015 - 637 - 406 83 - 1,126
2016 - 243 - 544 61 - 848
2017 - 219 - 629 88 - 936
2018
Proved property acquisition - 153 - - - - 153
Unproved property acquisition - 9 - - - - 9
Exploration costs - - - 3 - - 3
Development costs(1) - 204 - 590 67 - 861
Total cost incurred - 366 - 593 67 - 1,026
(1) Including asset retirement costs capitalized during the year and any gains or losses recognized upon settlement of asset retirement obligation during the year.
(2) Including costs incurred relating to acquisitions of Maersk Oil, Iara and Lapa concessions and Marathon Oil Libya Ltd.
EP Capitalized costs (p51-52)
CAPITALIZED COST RELATED TO OIL AND GAS PRODUCING ACTIVITIES

Capitalized costs represent the amount of capitalized proved and unproved property costs, including support equipment and facilities, along with the related accumulated depreciation,
depletion and amortization.
The following tables do not include capitalized costs related to oil and gas transportation and LNG liquefaction and transportation activities.

Europe & Africa
Proved properties 56,698 1,066 66,173 11,219 17,774 20,368 173,298
Unproved properties 1,148 - 4,790 821 8,309 1,210 16,278
Total capitalized costs 57,846 1,066 70,963 12,040 26,083 21,578 189,576
Accumulated depreciation, depletion and amortization (28,946) (496) (32,725) (8,017) (10,657) (10,807) (91,648)
Net capitalized costs 28,900 570 38,238 4,023 15,426 10,771 97,928
Proved properties 55,050 1,163 73,842 12,816 19,630 22,886 185,387
Unproved properties 1,018 4 4,362 2,058 8,915 997 17,354
Total capitalized costs 56,068 1,167 78,204 14,874 28,545 23,883 202,741
Proved properties 54,611 600 78,638 11,275 23,392 23,622 192,138
Unproved properties 1,000 4 4,357 1,657 8,611 1,037 16,666
Total capitalized costs 55,611 604 82,995 12,932 32,003 24,659 208,804

Europe & Africa
Group's share of net capitalized costs Russia) Russia Africa) Africa Americas Asia Pacific Total
As of December 31, 2014 - 4,607 - 1,152 1,101 - 6,860
As of December 31, 2015 - 4,120 - 1,131 1,097 - 6,348
As of December 31, 2016 - 4,987 - 1,179 1,094 - 7,260
As of December 31, 2017 - 5,074 - 1,243 1,084 - 7,401
Proved properties - 6,268 - 3,463 1,743 - 11,474
Unproved properties - 132 - - - - 132
Total capitalized costs - 6,400 - 3,463 1,743 - 11,606
Accumulated depreciation, depletion and amortization - (1,461) - (1,856) (660) - (3,977)
Net capitalized costs - 4,939 - 1,607 1,083 - 7,629
EP DCF (p53-54)
STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS

The standardized measure of discounted future net cash flows relating to proved oil and gas reserve quantities was developed as follows:
1. estimates of proved reserves and the corresponding production profiles are based on current technical and economic conditions;
2. the estimated future cash flows are determined based on prices used in estimating the Group’s proved oil and gas reserves;
3. the future cash flows incorporate estimated production costs (including production taxes), future development costs and asset retirement costs. All cost estimates are based on year-
end technical and economic conditions;
4. future income taxes are computed by applying the year-end statutory tax rate to future net cash flows after consideration of permanent differences and future income tax credits; and
5. future net cash flows are discounted at a standard discount rate of 10 percent.
These principles applied are those required by ASC 932 and do not reflect the expectations of real revenues from these reserves, nor their present value; hence, they do not constitute
criteria for investment decisions.
An estimate of the fair value of reserves should also take into account, among other things, the recovery of reserves not presently classified as proved, anticipated future changes in prices
and costs and a discount factor more representative of the time value of money and the risks inherent in reserve estimates.
Europe & Africa

Future cash inflows 129,535 2,294 168,785 33,404 87,965 44,599 466,582
Future production costs (30,633) (1,255) (47,514) (8,522) (38,776) (9,789) (136,489)
Future development costs (32,110) (780) (34,965) (4,253) (16,728) (8,595) (97,431)
Future income taxes (21,287) (172) (50,633) (11,310) (5,891) (7,552) (96,845)
Future net cash flows, after income taxes 45,505 87 35,673 9,319 26,570 18,663 135,817
Discount at 10% (26,240) (5) (13,955) (4,244) (19,489) (11,110) (75,043)
Standardized measure of discounted future net

cash flows 19,265 82 21,718 5,075 7,081 7,553 60,774
Future cash inflows 69,411 1,045 75,060 57,478 40,866 26,904 270,764
Future production costs (20,263) (512) (27,455) (46,510) (24,103) (8,355) (127,198)
Discount at 10% (10,784) 18 (3,450) (2,194) (4,014) (5,299) (25,723)

cash flows 10,430 28 7,262 1,836 540 3,915 24,011
Future cash inflows 46,212 365 51,677 52,891 21,520 19,209 191,874
Future income taxes (2,599) (1) (7,480) (2,517) (989) (955) (14,541)
Future net cash flows, after income taxes 12,851 (34) 5,378 6,271 777 5,954 31,197
Discount at 10% (5,172) 8 (64) (2,986) (815) (2,666) (11,695)

cash flows 7,679 (26) 5,314 3,285 (38) 3,288 19,502
EP DCF (p53-54)
Future income taxes (9,385) (36) (11,403) (4,450) (921) (1,721) (27,916)
Discount at 10% (8,106) (3) (4,977) (3,065) (6,562) (3,567) (26,280)

cash flows 10,696 44 13,066 3,778 4,010 5,503 37,097
Discount at 10% (11,811) (16) (8,277) (5,469) (5,479) (3,247) (34,299)

cash flows 16,661 68 21,527 7,775 5,557 6,217 57,805
Minority interests in future net cash flows as of
December 31, 2014 - - 1,103 - - - 1,103

December 31, 2015 - - 448 - - - 448
December 31, 2016 - - 253 - - - 253
December 31, 2017 - - 862 - - - 862
December 31, 2018 - - 1,440 - - - 1,440
Europe & Africa

Group’s share of equity affiliates’ future net Asia (excl. North & North
cash flows as of Russia) Russia Africa) Africa Americas Asia Pacific Total
December 31, 2014 - 5,413 361 11,591 1,728 - 19,093
December 31, 2015 - 2,024 (103) 6,952 1,628 - 10,501
December 31, 2016 - 5,061 (183) 3,330 1,709 - 9,917
December 31, 2017 - 7,708 135 5,437 1,662 - 14,942
December 31, 2018
Future cash inflows - 40,376 1,368 48,144 6,969 - 96,857
Future production costs - (11,136) (47) (21,248) (3,372) - (35,803)
Future development costs - (1,118) (28) (2,731) (326) - (4,203)
Future income taxes - (4,825) - (11,631) (1,233) - (17,689)
Future net cash flows, after income taxes - 23,297 1,293 12,534 2,038 - 39,162
Discount at 10% - (12,454) (658) (6,279) (1,019) - (20,410)

cash flows - 10,843 635 6,255 1,019 - 18,752
EP Changes DCF (p55)
CHANGES IN THE STANDARDIZED MEASURE OF DISCOUNTED

FUTURE NET CASH FLOWS
Consolidated subsidiaries 2018 2017 2016 2015 2014

Beginning of year 37,097 19,502 24,011 60,774 63,274
Sales and transfers, net of production costs (23,700) (16,822) (12,015) (14,209) (26,647)
Net change in sales and transfer prices, production costs and other expenses 28,420 26,699 (21,189) (88,615) (16,703)
Extensions, discoveries and improved recovery 8,412 3,244 156 933 1,912
Changes in estimated future development costs (1,071) (324) 400 4,412 (5,407)
Previously estimated development costs incurred during the year 6,636 8,952 13,967 19,694 21,484
Revisions of previous quantity estimates 4,588 2,427 5,347 (4,800) (1,505)
Accretion of discount 3,710 1,950 2,401 6,077 6,327
Net change in income taxes (11,538) (8,155) 6,304 42,252 20,116
Purchases of reserves in place 7,876 98 364 - 26
Sales of reserves in place (2,625) (474) (244) (2,507) (2,103)
End of year 57,805 37,097 19,502 24,011 60,774
Equity affiliates 2018 2017 2016 2015 2014
Beginning of year 14,942 9,917 10,501 19,093 15,419
Sales and transfers, net of production costs (3,248) (2,151) (1,745) (1,860) (3,639)
Net change in sales and transfer prices, production costs and other expenses 7,322 7,075 (3,840) (14,821) (1,546)
Extensions, discoveries and improved recovery 76 57 1,204 - 4,444
Changes in estimated future development costs (255) (1,171) 83 1,572 190
Previously estimated development costs incurred during the year 789 789 971 1,272 1,330
Revisions of previous quantity estimates 1,030 783 214 315 19
Accretion of discount 1,494 992 1,050 1,909 1,542
Net change in income taxes (3,691) (1,420) (340) 2,901 834
Purchases of reserves in place 388 71 1,929 186 543
Sales of reserves in place (95) - (110) (66) (43)
End of year 18,752 14,942 9,917 10,501 19,093

EP Oil Gas Acreage (p56)
OIL AND GAS ACREAGE
As of December 31, 2018 2017 2016

(in thousands of acres)
Undeveloped Developed Undeveloped Developed Undeveloped Developed
acreage(1) acreage acreage(1) acreage acreage(1) acreage
Europe & Central Asia Gross 19,649 923 17,885 730 18,416 719
Net 7,450 221 6,567 165 6,989 154
Russia Gross 3,733 619 3,758 604 3,584 503
Net 685 127 691 121 666 93
Africa (excluding North Africa) Gross 77,537 718 73,608 829 79,517 806
Net 55,174 198 53,518 204 46,071 200
Middle East & North Africa Gross 31,406 3,037 32,977 2,879 37,148 2,606
Net 6,068 427 5,902 445 9,991 371
Americas Gross 24,595 1,102 20,487 1,075 24,569 992
Net 13,355 509 11,985 527 13,155 468
Asia Pacific Gross 42,332 668 52,477 885 44,242 738
Net 24,566 204 34,556 321 27,373 276
Gross 199,252 7,067 201,192 7,002 207,476 6,364

Total
Net (2)
107,298 1,686 113,219 1,783 104,245 1,562
As of December 31, 2015 2014

(in thousands of acres)
Undeveloped Developed Undeveloped Developed
acreage(1) acreage acreage(1) acreage
Europe & Central Asia Gross 23,346 764 24,369 747
Net 9,581 158 11,123 152
Russia Gross 3,659 520 3,419 1,370
Net 728 96 1,333 215
Africa (excluding North Africa) Gross 82,757 817 90,974 810
Net 45,852 207 50,990 211
Middle East & North Africa Gross 38,582 2,686 65,787 1,710
Net 10,545 366 38,481 268
Americas Gross 23,881 984 25,081 962
Net 9,186 304 11,375 299
Asia Pacific Gross 38,834 672 36,307 651
Net 23,285 251 21,004 244
Gross 211,059 6,443 245,937 6,250

Total
Net(2) 99,177 1,382 134,306 1,389
(1) Undeveloped acreage includes leases and concessions.

(2) Net acreage equals the sum of the Group’s equity stakes in gross acreage.
EP Prod. wells (p57)
NUMBER OF PRODUCTIVE WELLS
As of December 31, 2018 2017 2016
Gross Net Gross Net Gross Net

(number of wells) productive productive productive productive productive productive
wells wells(1) wells wells(1) wells wells(1)
Europe & Central Asia Oil 767 261 436 114 415 106
Gas 314 98 244 90 259 87
Russia Oil 337 65 297 55 232 39
Gas 627 113 574 100 489 80
Africa (excluding North Africa) Oil 1,533 429 1,590 442 2,091 561
Gas 75 14 75 15 96 19
Middle East & North Africa Oil 11,189 711 10,197 628 9,385 609
Gas 190 40 168 41 161 44
Americas Oil 1,066 352 1,044 346 954 322
Gas 3,528 2,052 3,422 2,005 3,585 2,230
Asia Pacific Oil 8 7 131 60 124 55
Gas 2,289 743 3,053 1,108 2,802 976
Oil 14,900 1,825 13,695 1,645 13,201 1,692

Total
Gas 7,023 3,060 7,536 3,359 7,392 3,436
Gross Net Gross Net

(number of wells) productive productive productive productive
wells wells(1) wells wells(1)
Europe & Central Asia Oil 407 108 391 136
Gas 289 88 279 149
Russia Oil 207 42 137 31
Gas 516 80 410 67
Africa (excluding North Africa) Oil 2,165 601 1,928 596
Gas 98 22 76 21
Middle East & North Africa Oil 7,992 534 5,909 378
Gas 159 44 189 48
Americas Oil 1,092 349 961 295
Gas 3,903 795 3,817 782
Asia Pacific Oil 119 53 119 22
Gas 2,363 814 2,063 665
Oil 11,982 1,687 9,445 1,458

Total
Gas 7,328 1,843 6,834 1,732
(1) Net wells equal the sum of the Group’s equity stakes in gross wells.
EP Dry wells drilled (p58)
NUMBER OF NET PRODUCTIVE AND DRY WELLS DRILLED
As of December 31, 2018 2017 2016

(number of wells)
Net Net Net
productive Net dry Net total productive Net dry Net total productive Net dry Net total
wells wells wells wells wells wells wells wells wells
drilled(1)(2) drilled(1)(3) drilled(1)(3) drilled(1)(2) drilled(1)(3) drilled(1)(3) drilled(1)(2) drilled(1)(3) drilled(1)(3)
Exploratory Europe & Central Asia 0.9 0.8 1.7 0.1 1.8 1.9 1.1 1 2.1
Russia - - - – – – – – –
Africa (ex North Africa) 0.1 1.0 1.1 0.2 0.5 0.8 0.7 – 0.7
Middle East & North Africa 0.5 - 0.5 0.6 0.5 1.1 0.8 – 0.8
Americas 0.5 1.6 2.1 1.3 0.5 1.7 2.1 0.8 2.9
Asia Pacific 0.8 - 0.8 1.2 0.7 1.9 1.6 – 1.6
Subtotal 2.8 3.4 6.2 3.4 4.0 7.4 6.3 1.8 8.1
Development Europe & Central Asia 10.1 - 10.1 8.8 – 8.8 13.6 0.5 14.1
Russia 13.4 - 13.4 21.5 – 21.5 18.7 – 18.7
Africa (ex North Africa) 13.0 0.1 13.1 14.4 – 14.4 14.6 – 14.6
Middle East & North Africa 68.8 - 68.8 82 – 82 49.3 1.1 50.4
Americas 38.8 0.3 39.1 29.2 0.5 29.7 35.4 – 35.4
Asia Pacific 116.3 - 116.3 132.4 – 132.4 151.0 – 151.0
Subtotal 260.4 0.4 260.8 288.3 0.5 288.8 282.6 1.6 284.2
Total 263.2 3.8 267.0 291.7 4.5 296.2 288.9 3.4 292.3

(number of wells)
Net Net
productive Net dry Net total productive Net dry Net total
wells wells wells wells wells wells
drilled(1)(2) drilled(1)(3) drilled(1)(3) drilled(1)(2) drilled(1)(3) drilled(1)(3)
Exploratory Europe & Central Asia 1.0 4.6 5.6 1.4 0.2 1.6
Russia - - - - 0.3 0.3
Africa (ex North Africa) 0.2 2.1 2.3 1.7 2.3 4.0
Middle East & North Africa 0.3 0.5 0.8 0.6 1.3 1.9
Americas 1.4 0.6 2.0 2.1 0.3 2.4
Asia Pacific 2.0 0.9 2.9 1.2 1.1 2.3
Subtotal 4.9 8.7 13.6 7.0 5.5 12.5

Development Europe & Central Asia 15.7 0.4 16.1 9.0 - 9.0
Russia 22.9 - 22.9 28.8 0.8 29.6
Africa (ex North Africa) 21.4 - 21.4 24.1 1.0 25.1
Middle East & North Africa 36.6 0.6 37.2 36.6 0.2 36.8
Americas 60.6 0.1 60.7 128.1 0.2 128.3
Asia Pacific 86.9 - 86.9 106.0 0.5 106.5
Subtotal 244.1 1.1 245.2 332.6 2.7 335.3
Total 249.0 9.8 258.8 339.6 8.2 347.8
(1) Net wells equal the sum of the Company’s fractional interest in gross wells.
(2) Includes certain exploratory wells that were abandoned but which would have been capable of producing oil in sufficient quantities to justify comp
(3) For information: service wells and stratigraphic wells are not reported in this table.
EP E&D wells (p59)
WELLS IN THE PROCESS OF BEING DRILLED (INCLUDING WELLS TEMPORARILY SUSPENDED)
As of December 31, 2018 2017 2016
(number of wells) Gross Net (1)

Gross Net (1)
Gross Net(1)
Exploratory
Europe & Central Asia - - 6 1.9 4 0.9
Russia - - – – – –
Africa (excluding North Africa) 2 0.5 19 4.7 18 4.6
Middle East & North Africa 1 0.4 2 0 2 0.8
Americas 3 2.0 8 2.8 10 3.5
Asia Pacific - - 5 1.9 5 1.3
Subtotal 6 2.9 40 11.3 39 11.1
Other wells (2)
Europe & Central Asia 138 71.4 16 5.2 45 11.8
Russia 26 3.9 61 15.2 111 27.9
Africa (excluding North Africa) 65 13.7 67 13.6 72 21.3
Middle East & North Africa 180 26.2 200 27.5 174 25.2
Americas 50 21.3 44 18.5 46 28.0
Asia Pacific 579 137.7 809 201.5 421 116.7
Subtotal 1,038 274.2 1,197 281.5 869 230.9
Total 1,044 277.1 1,237 292.8 908 242.0
(number of wells) Gross Net (1)

Gross Net(1)
Exploratory
Europe & Central Asia 9 2.5 11 3.2
Russia - - - -
Africa (excluding North Africa) 24 6.6 28 7.3
Middle East & North Africa 9 3.2 17 6.5
Americas 14 4.6 12 4.0
Asia Pacific 7 2.5 7 2.3
Subtotal 63 19.4 75 23.3
Other wells(2)
Europe & Central Asia 59 17.2 55 17.1
Russia 113 17.4 203 32.5
Africa (excluding North Africa) 56 14.9 40 12.2
Middle East & North Africa 158 20.5 135 14.4
Americas 63 22.4 370 159.3
Asia Pacific 621 188.1 778 203.2
Subtotal 1,070 280.5 1,581 438.7
Total 1,133 299.9 1,656 462.0
(1) Net wells equal the sum of the Group’s equity stakes in gross wells. From 2013, includes wells for which surface facilities permitting production
have not yet been constructed. Such wells are also reported in the table “Number of net productive and dry wells drilled”, for the year in which they
were drilled.
(2) Other wells are development wells, service wells, stratigraphic wells and extension wells.
EP Pipeline interests (p60)
INTERESTS IN PIPELINES
The table below sets forth interests of the Group’s entities (1) in the main oil and gas pipelines.

Pipeline(s) Origin Destination % interest Operator Liquids Gas
Europe and Central Asia
Azerbaijan
BTC Baku (Azerbaijan) Ceyhan (Turkey, Mediterranean) 5.00 X
Norway
Frostpipe (inhibited) Lille-Frigg, Froy Oseberg 36.25 X
Heimdal to Brae Condensate Line Heimdal Brae 16.76 X
Kvitebjorn Pipeline Kvitebjorn Mongstad 5.00 X
Norpipe Oil Ekofisk Treatment center Teesside (United Kingdom) 45.22 X
Oseberg Transport System Oseberg, Brage and Veslefrikk Sture 12.98 X
Troll Oil Pipeline I and II Troll B and C Vestprosess (Mongstad refinery) 3.71 X
Vestprosess Kollsnes (Area E) Vestprosess (Mongstad refinery) 5.00 X
The Netherlands
Nogat Pipeline F3-FB Den Helder 5.00 X
WGT K13-Den Helder K13A Den Helder 4.66 X
WGT K13-Extension Markham K13 (via K4/K5) 23.00 X
United Kingdom
Alwyn Liquid Export Line Alwyn North Cormorant 100.00 X X
Bruce Liquid Export Line Bruce Forties (Unity) 1.00 X
Graben Area Export Line (GAEL)
Northern Spur ETAP Forties (Unity) 9.58 X
Graben Area Export Line (GAEL)
Southern Spur Elgin-Franklin ETAP 32.09 X
Ninian Pipeline System Ninian Sullom Voe 16.36 X
Shearwater Elgin Area Line (SEAL) Elgin-Franklin, Shearwater Bacton 25.73 X
SEAL to Interconnector Link (SILK) Bacton Interconnector 54.66 X X
Africa (excl. North Africa)
Gabon
Mandji Pipes Mandji fields Cap Lopez Terminal 100.00 (2) X X
Nigeria
O.U.R Obite Rumuji 40.00 X X
NOPL Rumuji Owaza 40.00 X X
Middle East and North Africa
Qatar
Taweelah-Fujairah-Al Ain (United
Dolphin North Field (Qatar) Arab Emirates) 24.50 X
Americas
Argentina
Neuquén (TGN) / Porto Alegre
TGM (Brazil) Paso de Los Libres (Brazil border) 32.68 X
Brazil
TBG Bolivia-Brazil border Porto Alegre via São Paulo 9.67 X
Argentina-Brazil border
TSB (TGM)/Porto Alegre Uruguyana (Brazil) Canoas 25.00 X
Asia-Pacific
Australia
GLNG Fairview, Roma, Scotia, Arcadia GLNG (Curtis Island) 27.50 X
Myanmar
Yadana Yadana field Ban-I Tong (Thai border) 31.24 X X
(1) Excluding equity affiliates, except for the Yadana and Dolphin pipelines.
(2) Interest of Total Gabon. The Group has a financial interest of 58.28% in Total Gabon.
GRP Financial highlights (p89)
FINANCIAL HIGHLIGHTS
(in million dollars) 2018 2017 2016 2015
Adjusted net operating income (1) 756 485 439 567
Investments (2)
3,539 797 1,221 588

511 353 270 397
Divestments 931 73 166 418

(670) 1,055 589 (360)
Cash flow from operations before working capital changes

w/o financial charges (DACF) (5) 513 294 176 5

GRP Power gen. facilities (p89)
INSTALLED POWER GENERATION CAPACITIES AS OF 31/12/2018
Status Gross capacity Net capacity Energy source

(GWc) (GWc)
Taweelah A1 (Abu Dhabi) In operation 1.6 0.3 Gas
CCGT Bayet/Marcinelle/Pont-sur-Sambre/Toul In operation 1.6 1.6 Gas
Total Eren In operation 0.7 0.1 Mainly solar and wind
Total Quadran In operation 0.7 0.5 Mainly solar and wind
Other renewables incl. TOTAL Solar In operation 0.4 0.2 Mainly solar
Normandie refinery co-generation (1) In operation 0.3 0.3 Gas
(1) Part of Refining & Chemicals.
GRP LNG sales (p90)
Liquefied Natural Gas (LNG) sales from equity production (1)
(kt/y) 2018 2017 2016 2015 2014
Nigeria (NLNG) 2,950 3,049 2,783 3,068 3,105
Indonesia (Bontang) (2)

- 2,584 3,125 2,990 2,901
Gladstone LNG 1,345 1,495 1,274 103 -
Qatar (Qatargas II) 1,324 1,262 1,313 1,237 1,277
Qatar (Qatargas I) 909 915 887 932 937
Norway (Snøhvit) 851 714 849 731 658
Angola LNG 551 489 91 - 44
Oman (3)
456 368 371 336 344
Abu Dhabi (ADNOC LNG) 270 281 294 289 290
Yamal LNG (4)

2,212 41 - - -
Yemen LNG - - - 529 2,590
Egyptian LNG 31 - - - -
Ichthys LNG 171
TOTAL 11,071 11,198 10,987 10,216 12,146
(1) Group share, excluding trading.

(2) 2017 data restated to reflect volume estimates for Bontang LNG based on the 2016 SEC coefficient
(3) Includes both Oman LNG & Qalhat LNG.
(4) Including Total's equity in Novatek
GRP Pipeline gas sales (p94)
PIPELINE GAS SALES(1)
(Mcf/d) 2018 2017 2016 2015 2014
France - - - - 9
Denmark 85 - - - -
United Kingdom 524 528 537 370 313
Norway 433 472 491 469 465
The Netherlands 93 107 134 149 155
Africa 14 8 (1) 13 63
Brunei 71 87 78 62 65
Algeria 42 - - - -
Qatar 166 175 181 173 155
Syria - - - - -
China 89 80 54 59 63
Indonesia (2) 12 76 116 119 94
Myanmar 128 147 162 150 131
Thailand 251 285 296 301 286
United States 468 515 304 306 286
Argentina 383 368 374 341 351
Colombia - - - - -
Bolivia 199 212 156 130 136
Venezuela 67 76 82 93 87
Australia 165 109 85 25 21
TOTAL 3,249 3,288 3,052 2,760 2,827
(1) Consolidated entities.
(2) Domestic sales.

RC Financial highlights (p99)
FINANCIAL HIGHLIGHTS (1)
Investments (3)
1,781 1,734 1,861 1,875 2,022

1,604 1,625 1,642 850 1,944
Divestments 919 2,820 88 3,494 192

Cash flow from operations(5) 4,308 7,411 4,584 6,435 6,302

w/o financial charges (DACF) (6) 4,388 4,728 4,873 5,788 4,033
(1) 2014 data are not restated to reflect the new organization with four business segments therefore the data shown for 2013 and 2014 do not include Biofuel businesses
RC Operational highlights (p99)
OPERATIONAL HIGHLIGHTS(1)(3)
(in kb/d) 2018 2017 2016 2015 2014
Distillation capacity Group share at year-end(2) 2,021 2,021 2,011 2,247 2,187
Refinery throughput 1,852 1,827 1,965 2,023 1,775
(1) Including share of TotalErg (sold in 2018), as well as refineries in Africa that are reported in the Marketing & Services segment.
(2) Capacity data based on crude distillation unit stream- day capacities under normal operating conditions, less the average of shutdown for regular repair and maintenance
activities.
(3) Condensates throughputs of BTP and HTC are included in refining throughputs and capacities as from 2015.
RC Refinery capacity (p103)
REFINERY CAPACITY (GROUP SHARE)
As of December 31, 2018 Major upgrading plant capacity at 100%(1)
Total Resid. Dist.

Group Group Cat Cat Hydro-
(kb/d) Distillation Hydro- Hydro- Alky Isom Vis Coker
Interest Capacity Crack Reform Cracking
Capacity Treat Treat
France
Normandy, Gonfreville 253 100% 253 - 37 64 - 220 - - 22 -
Provence, La Mède - 100% - - - - - - - - - -
Donges 219 100% 219 51 23 - - 126 7 - 26 -
Feyzin 109 100% 109 29 11 - - 72 5 - 15 -
Grandpuits 101 100% 101 31 14 - - 77 4 - 13 -
Total France 682 682 110 85 64 0 495 16 0 76 0
Rest of Europe
United Kingdom, Immingham/Lindsey 109 100% 109 50 16 - - 102 7 - 20 -
Netherlands, Vlissingen 148 55% 81 - 26 74 - 65 - - - -
Belgium, Antwerp 338 100% 338 95 56 51 50 253 9 - - -
Germany, Leuna 227 100% 227 59 25 - - 238 10 - 25 -
Total rest of Europe 822 755 204 124 124 50 659 26 0 45 0
United States
Texas, Port Arthur (Refinery) 178 100% 178 75 38 - - 241 6 8 - 54
Texas, Port Arthur (Condensate Splitter) (3)

60 40% 24 - - - - - - - - -
Total United States 238 202 75 38 0 0 241 6 8 0 54
Africa
Cameroon, Limbe 42 20% 8 - 8 - - 27 - - - -
Côte d’Ivoire, Abidjan 76 20% 15 - 14 17 - 33 - - - -
Senegal, Dakar 24 7% 2 - 3 - - 5 - - - -
South Africa, Sasolburg 110 18% 20 25 18 13 15 44 5 - - -
Total Africa 252 45 25 43 30 15 109 5 0 0 0
Asia & Middle East
China, Dalian 219 22% 49 55 15 29 41 119 - - - -
Korea, Daesan (4)

186 50% 93 - - - - - - - - -
Qatar, Ras Laffan 300 10% 30 - - - - 308 - - - -
Saudi Arabia Jubail 438 38% 165 36 72 124 - 304 13 - - 113
Total Asia 1,143 337 91 87 153 41 731 13 0 0 113
Worldwide crude distillation 3,138 2,021 505 377 371 106 2,235 66 8 121 167
(1) Cat Crack: Catalytic Cracking; Cat Reform: Catalytic Reforming; Resid Hydrotreat: Residual Hydrotreating; Dist Hydrotreat: Distillate Hydrotreating; Alky: Alkylation; Isom: C5 /C6
Isomerization; Vis: Visbreaker.
(2) Sales of all TotalErg’s assets begining of January 2018 including Trecate assets
(3) Condensates Splitter held by the joint venture BTP (40% TOTAL, 60% BASF and TOTAL operator) and included in the refining capacities from 31th December 2015.
(4) Condensates Splitter held by the joint venture HTC (50% TOTAL, 50% Hanwha and HTC operator) and included in the refining capacities from 31th December 2015.
RC Distillation capacity (p103)
DISTILLATION CAPACITY (GROUP SHARE) (1)
Capacity, throughput and production data include equity share of refineries in which the Group holds a direct or indirect interest:
As of December 31, (kb/d) 2018 2017 2016 2015 2014
France 682 682 682 829 829
Rest of Europe 755 772 772 870 907
United States and French West Indies (2)

202 202 202 198 178
Asia & Middle East (3)

337 320 303 288 209
Africa 45 45 52 62 64
Total 2,021 2,021 2,011 2,247 2,187
(1) Capacity at the end of the year. Includes share of CEPSA until July 31, 2011, and share of TotalErg. Results for refineries in Africa, French Antilles and
Italy are reported in the Marketing & Services segment.
(2) Including from December 31, 2015, TOTAL share in BTP Condensate Splitter (40%) in United States.
(3) Including TOTAL share (50%) in HTC Condensate Splitter in Korea from December 31, 2015.
RC Refinery throughput (p104)
REFINERY THROUGHPUT (GROUP SHARE) (1)
Capacity, throughput and production data include equity share of refineries in which the Group holds a direct or indirect interest:
(kb/d) 2018 2017 2016 2015 2014
France 610 624 669 674 639
Rest of Europe 755 767 802 849 794
United States and French West Indies (2)

198 163 193 218 188

251 243 249 230 105
Africa 38 31 53 54 49
Total 1,852 1,827 1,965 2,023 1,775
(1) Results for refineries in Africa, French Antilles and Italy are reported in the Marketing & Services segment.
(2) Including from 2015 TOTAL share in BTP Condensate Splitter (40%) in United States. 2015 datas have been restated.
(3) Including TOTAL share (50%) in HTC Condensate Splitter in Korea from 2015. 2015 datas have been restated.
RCUtiliz rate feedstocks (p104)
UTILIZATION RATE (BASED ON CRUDE AND OTHER FEEDSTOCKS) (1)(2)
(%) 2018 2017 2016 2015 2014
France 89 91 81 81 77
Rest of Europe (3)

98 99 92 94 88
Americas (4)
98 81 97 111 106

78 80 86 80 50
Africa 84 66 85 84 77
Average 92 91 87 88 81
(1) Including equity share of refineries in which the Group has a stake.
(2) (Crude + crackers’ feedstock)/distillation capacity at the beginning of the year (2014: SATORP refinery’s capacity considered as from January 1).
(3) Including capacity of Total Erg as of 31/12/2017. Total Erg was sold in 2018.
(4) Including from 2015 TOTAL share in BTP Condensate Splitter (40%) in United States. 2015 datas have been restated.
(5) Including TOTAL share (50%) in HTC Condensate Splitter in Korea from 2015. 2015 datas have been restated.
RC Utiliz rate crude (p104)
UTILIZATION RATE (BASED ON CRUDE ONLY) (1)(2)
(%) 2018 2017 2016 2015 2014
Average 88 88 85 86 77
(1) Including equity share of refineries in which the Group has a stake.
(2) Crude/distillation capacity at the beginning of the year (2014: SATORP refinery’s capacity considered as from January 1).
RC Production levels (p104)
PRODUCTION LEVELS (GROUP SHARE) (1)
The table below sets forth by product category TOTAL’s net share of refined quantities produced at the Group’s refineries(1)(2).
(kb/d) 2018 2017 2016 2015 2014
LPG 56 62 60 61 51
Motor gasoline 291 283 324 346 344
Avgas, jet fuel and kerosene 210 196 182 190 148
Diesel fuel and heating oils 732 726 795 825 787
Fuel oils 99 115 140 131 134
Lubricants 17 16 12 17 20
Bitumen 36 32 34 31 29
Other products 352 328 324 330 229
Total 1,793 1,758 1,871 1,931 1,742
(1) For refineries not 100% owned by TOTAL the production shown is TOTAL’s equity share of the site’s overall production.
(2) Condensates productions of BTP and HTC are included in refining production as from 2015 and 2015 datas have been restated.
RC Main prod. capacities (p105)
MAIN PRODUCTION CAPACITIES AT YEAR-END (1)
2018 2017 2016 2015 2014

Asia and
North
(in thousands of tons) Europe Middle World World World World World
America
East(2)
Olefins (3) 4,296 1,555 1,579 7,430 7,379 7,468 7,433 7,791
Aromatics (4) 2,874 1,512 2,581 6,967 6,909 6,844 6,783 6,773
Polyethylene 1,120 223 792 2,135 2,357 2,338 2,338 2,338
Polypropylene 1,350 1,200 400 2,950 2,950 2,950 2,950 2,950
Polystyrene 637 700 408 1,745 1,745 1,745 1,745 1,805
Others (5) - - 100 100 63 63 63 63
Total 10,277 5,190 5,860 21,327 21,401 21,407 21,312 21,720
(1) Excluding inter-segment sales.

(2) Including interests in Qatar, 50% of Hanwha Total Petrochemicals Co. Ltd and 37.5% of SATORP in Saudi Arabia.
(3) Ethylene + Propylene + Butadiene.
(4) Including monomer styrene.
(5) Mainly Monoethylene Glycol (MEG) and Cyclohexane.
RC Sales by geo. area (p105)
SALES BY GEOGRAPHIC AREA - CHEMICALS (1)
(%) 2018 2017 2016 2015 2014
France 10% 10% 12% 13% 15%
Rest of Europe 39% 37% 41% 41% 39%
North America 30% 31% 30% 34% 33%
Rest of world 21% 22% 16% 12% 13%
Total 100% 100% 100% 100% 100%
(1) Excluding inter-segment sales and sales by equity affiliates and including fertilizers sales.
RC Sales by activity (p 106)
SALES BY ACTIVITY – SPECIALITY CHEMICALS PRODUCTS
Hutchinson 4,904 4,645 4,471 4,256 4,599
Bostik (1)
- - - 155 2,043
Atotech (2)
- 81 1,102 1,093 1,261
(1) Bostik sale to Arkema completed on February 2, 2015.

(2) Atotech sale completed on January, 31 2017
RC Sales by geo. area (p106)
SALES BY GEOGRAPHIC AREA– SPECIALITY CHEMICALS PRODUCTS (1) (2) (3)
(%) 2018 2017 2016 2015 2014
France 19% 18% 15% 14% 14%
Rest of Europe 41% 40% 35% 35% 35%
North America 26% 26% 25% 26% 24%
Rest of world 14% 16% 25% 25% 27%
Total 100% 100% 100% 100% 100%

(2) The Cray Valley coating resins and Sartomer photocure resins businesses were divested in July 2011. The structural and hydrocarbon resins business lines were kept and have
been incorporated into the Petrochemicals division as of January 1, 2012.
RC Sales by activity (p106)
SALES BY ACTIVITY– SPECIALITY CHEMICALS PRODUCTS (1)
(%) 2018 2017 2016 2015 2014
Elastomer processing 100% 98% 80% 77% 58%
Resins (2)
- - - - -
Adhesives (3)
- - - 3% 26%
Electroplating (4)
- 2% 20% 20% 16%
Total 100% 100% 100% 100% 100%

(2) The Cray Valley coating resins and Sartomer photocure resins businesses were divested in July 2011. The structural and hydrocarbon resins business lines were kept and have
been incorporated into the Petrochemicals division as of January 1, 2012.
(3) Bostik sale to Arkema completed on February 2, 2015.
MS Financial highlights (p109)
FINANCIAL HIGHLIGHTS (1)
Gross investments (3)

1,458 1,457 1,245 1,267 1,818

1,010 1,019 1,003 1,130 1,424
Divestments 428 413 424 767 163

2,759 2,221 1,833 2,440 2,721

w/o financial charges (DACF) (6) 2,156 2,242 1,966 2,058 2,171
(1) 2014 data are not restated to reflect the new organization with four business segments, therefore the data show for 2014 include New Energies and Biofuels
MS Operational highlights(p109)
OPERATIONAL HIGHLIGHTS
(in kb/d) 2018 2017 2016 2015 2014
Refined product sales excluding trading and bulk sales 1,801 1,779 1,793 1,818 1,769
Trading sales (1)

1,777 1,659 1,690 1,538 1,385
Bulk sales 575 581 700 649 615
Refined product sales including trading and bulk sales 4,153 4,019 4,183 4,005 3,769
(1) Results of Trading and bulk sales are reported in the Refining & Chemicals segment.
MS Sales by area (p113)
PETROLEUM PRODUCT SALES (EXCLUDING TRADING AND BULK SALES)

By geographic area
(kb/d) 2018 2017 2016 2015 2014
Europe
France 517 519 541 541 547
United Kingdom 25 26 27 27 26
Benelux 209 205 216 214 214
Germany 198 184 192 192 195
Italy (6) 4 77 79 81 76
Spain 1 1 1 1 1
Rest of Europe 47 37 37 36 41
Total Europe 1,001 1,049 1,093 1,092 1,100
Africa
Northern Africa 122 121 119 118 108
Western Africa 71 82 88 85 82
Eastern Africa 102 95 84 89 72
Southern Africa 112 93 87 87 73
Central Africa 27 31 31 31 30
Other (1) 9 9 10 13 15
Total Africa 443 431 419 423 380
Americas
Caribbean Islands 40 41 42 35 42
Latin America 9 7 7 7 7
Total Americas 117 81 76 70 78
Middle East
Jordan, Lebanon, Turkey and others 41 45 55 85 77
Total Middle East 41 45 55 85 77
Asia-Pacific
East Asia 175 149 125 124 107
Pacific 5 8 10 9 12
Indian Ocean islands 19 16 15 15 15
Total Asia-Pacific 199 173 150 148 134
Total Worldwide 1,801 1,779 1,793 1,818 1,769
(1) Represents supply to African non consolidated group companies and third parties.
MS Sales by product (p113)
PETROLEUM PRODUCT SALES (EXCLUDING TRADING AND BULK SALES)

By main products
(kb/d) 2018 2017 2016 2015 2014
LPG 58 57 53 70 86
Motor gasoline 340 340 339 341 314
Avgas and jet fuel 268 243 273 234 226
Diesel fuel and heating oils 873 985 977 1,018 995
Fuel oils 137 32 37 42 39
Lubricants 39 39 38 39 37
Solvents 14 14 13 14 15
Bitumen 48 44 45 45 40
Other products 24 25 18 15 17
Total 1801 1,779 1,793 1,818 1,769

MS Service-Stations (p114)
SERVICE STATIONS
As of December 31, 2018 2017 2016 2015 2014
Europe
France 3,490 3,548 3,593 3,667 3,727
Benelux 916 910 925 928 922
Germany 1,187 1,194 1,188 1,178 1,157
Italy 0 2,519 2,585 2,608 2,749
Eastern Europe (Poland) 32 23 18 10 2
AS24 Stations 848 819 801 763 740
Total Europe 6,473 9,013 9,110 9,154 9,297
Africa
Northern Africa 709 703 687 673 653
Western Africa 1,697 1,649 1,572 1,509 1,502
Eastern Africa 1,005 1,005 901 882 866
Southern Africa 603 590 585 592 587
Central Africa 435 430 422 402 383
Total Africa 4,449 4,377 4,167 4,058 3,991
Americas
Caribbean Islands 561 555 585 464 452
Total Americas 561 555 585 464 452

Middle East
Jordan, Lebanon, Turkey 877 821 809 816 796
Total Middle East 877 821 809 816 796
Asia-Pacific
East Asia 1,684 1,598 1,530 1,276 734
Pacific 101 101 100 96 91
Indian Ocean islands 166 165 160 159 208
Total Asia-Pacific 1,951 1,864 1,790 1,531 1,033
Total excluding AS24 13,463 15,811 15,210 15,257 14,829
Total Worldwide 14,311 16,630 16,461 16,023 15,569

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Summary

EXPLORATION & PRODUCTION

Capitalized costs by region

GAS, RENEWABLE & POWER

REFINING & CHEMICALS

MARKETING & SERVICES

NOTE ON FINANCIAL STATEMENTS

Net income (Group share) 11,446 8,631 6,196 5,087 4,244

Dividend per share (€) (2) 2.56 (3) 2.48 2.45 2.44 2.44

Dividend per ADR ($) (2) 2.94 (3) (4) 2.96 2.61 2.67 2.93

Net-debt-to-equity ratio (as of December 31) 15.5% 11.9% 21.1% 21.8% 23.5%

Return on equity (ROE) 12.2% 10.1% 8.7% 11.5% 13.5%

Operating cash flow before working capital changes w/o

Gross investments (8) 22,185 16,896 20,530 28,033 30,509

Organic investments (9)

Divestments 7,239 5,264 2,877 7,584 6,190

2018 2017 2016 2015 2014

Year-end euro/dollar (€/$) 1.15 1.20 1.05 1.09 1.21

Average euro/dollar (€/$) 1.18 1.13 1.11 1.11 1.33

Year-end Brent price ($/b) 54.1 66.6 56.8 37.3 57.3

Average Brent price ($/b) 71.3 54.2 43.7 52.4 99.0

Average refining margins ($/t) – ERMI (1)

OPERATIONAL HIGHLIGHTS BY QUARTER

(in million dollars) 2018 Quarters

Exploration & Production 14,025 3,049 3,870 4,114 2,992

Gas, Renewables & Power 557 88 73 206 190

Refining & Chemicals 3,131 694 680 966 791

Marketing & Services 1,886 386 528 522 450

Adjusted net operating income from business segments (1)

Exploration & Production 10,210 2,183 2,687 2,864 2,476

Gas, Renewables & Power 756 115 193 272 176

Refining & Chemicals 3,379 720 821 938 900

Marketing & Services 1,652 367 478 474 333

2017 Quarters 2016 Quarters

7,219 1,750 1,427 1,665 2,377 2,349 47 499 714 1,089

424 80 99 67 178 288 35 2 124 127

485 61 95 97 232 439 73 43 191 132

FINANCIAL HIGHLIGHTS BY QUARTER

(in million dollars, except percent, per share amounts

Full Year 1st 2nd 3rd 4th

Adjusted fully diluted earnings per share ($) (1)

Net income (Group share) 11,446 2,636 3,721 3,957 1,132

Fully-diluted weighted-average number of shares 2,623,716,444 2,568,034,720 2,646,317,904 2,636,751,321 2,637,489,286

Share buybacks (B$) 4.3 0.7 1.3 0.7 1.6

(in million dollars, except percent, per share amounts

Net income (Group share) 5,087 2,663 2,971 1,079 (1,626)

Fully-diluted weighted-average number of shares 2,304,435,542 2,285,344,747 2,292,139,361 2,311,978,156 2,328,765,893

Number of shares bought back during the period 4,711,935 - - 4,711,935 -

Share buybacks (B$) 0.2 - - 0.2 -

2017 Quarters 2016 Quarters

12,837 3,327 3,151 3,558 2,801

5.63 1.46 1.38 1.56 1.22

4,244 3,335 3,104 3,463 (5,658)

23.5% 18.5% 21.0% 21.5% 23.5%

2,385,267,525 2,378,259,685 2,382,870,577 2,384,527,055 2,385,267,525

2,281,004,151 2,276,773,146 2,281,218,870 2,284,596,468 2,286,737,894

MARKET ENVIRONMENT AND PRICE REALIZATIONS

2018 Quarters 2017 Quarters