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Factbook-2015-Bd.Pdf 2015 EDITION factbook SUMMARY PROFILE 1 Need more information on a specific subject? Log on to www.total.com HIGHLIGHTS 2 You can display online TOTAL’s factbook, download CORPORATE 5 it in PDF or collect all the tables in Excel format. Financial Highlights...............................................................................................................7 Market Environment ............................................................................................................7 Operational Highlights by quarter..........................................................................................8 Financial Highlights by quarter..............................................................................................8 Market Environment and Price Realizations..........................................................................8 Consolidated statement of income ....................................................................................10 Consolidated balance sheet ..............................................................................................14 Consolidated statement of changes in shareholders’ equity ...............................................17 Net-debt-to-equity ratio ....................................................................................................18 ROACE by business segment ...........................................................................................19 Consolidated statement of cash flow .................................................................................20 Cash flow from operating activities ....................................................................................21 Investments ......................................................................................................................22 Share information...............................................................................................................24 UPSTREAM 27 Combined liquids and gas production................................................................................31 Abbreviations Changes in oil, bitumen and gas reserves .........................................................................34 b: barrel Results of operations for oil and gas producing activities....................................................47 cf: cubic feet /d: per day Cost incurred......................................................................................................................49 /y: per year Capitalized costs related to oil and gas producing activities ...............................................50 €: euro $ and/or Standardized measure of discounted future net cash flows ...............................................52 dollar: U.S. dollar LNG positions as of December 31, 2015 ...........................................................................59 t: metric ton boe: barrel of oil equivalent Re-gasification terminals as of December 31, 2015 ...........................................................60 kboe/d: thousand boe/d kb/d: thousand barrel/d Interests in pipelines...........................................................................................................63 Btu: British thermal unit M: million Acreage including maps, main producing assets and acreage by region: B: billion Europe...............................................................................................................................65 MW: megawatt MWp: megawatt peak (direct current) Africa .................................................................................................................................73 TWh: terawatt hour AMF: French Financial Markets Authority Commonwealth of Independent States .............................................................................81 API: American Petroleum Institute Middle East........................................................................................................................84 ERMI: European Refining Margin Indicator. ERMI is an indicator intended to represent the Asia-Pacific........................................................................................................................89 margin after variable costs for a hypothetical South America ..................................................................................................................93 complex refinery located around Rotterdam in Northern Europe. The indicator margin may not be North America...................................................................................................................99 representative of the actual margins achieved by TOTAL in any period because of TOTAL’s REFINING & CHEMICALS 105 particular refinery configurations, product mix effects or other company-specific operating conditions. Refinery capacity..............................................................................................................109 FEED: Front-End Engineering and Design Petrochemicals product – main production capacities at year-end ...................................111 FPSO: Floating Production Storage and Offloading IFRS: International Financial Reporting Standards Petrochemicals product – sales by geographic area.........................................................111 LNG: liquefied natural gas Specialty chemicals product – sales by geographic area..................................................112 LPG: liquefied petroleum gas ROE Return on Equity Specialty chemicals product – sales by activity ...............................................................112 ROACE: Return on Average Capital Employed SAGD: Steam Assisted Gravity Drainage MARKETING & SERVICES 113 SEC: United States Securities and Exchange Commission Petroleum product sales (excluding trading and bulk sales)..............................................119 Conversion table Service-stations...............................................................................................................120 1 boe = 1 barrel of crude oil = approx. 5,390 cf of gas(1) in 2015 1 b/d = approx. 50 t/y 1 t = approx. 7.5 b (for a gravity of 37° API) 1 Bm3/y = approx. 0.1 Bcf/d 1 m3 = approx. 35.3 cf 1 t of LNG = approx. 48 kcf of gas 1 Mt/y of LNG = approx. 131 Mcf/d (1) This ratio is calculated based on the actual average equivalent energy content of TOTAL's natural gas reserves and is subject to change. PROFILE KEY FIGURES FOR 2015 9.4% Upstream production growth A GLOBAL ENERGY GROUP – consolidating its leadership in solar energy and continuing to develop biomass in order With operations in more than 130 countries, to offer the most appropriate energy solutions. TOTAL is engaged in every sector of the oil 8 B$ industry, including upstream (hydrocarbon This strategy incorporates the challenges Downstream cash generation exploration, development and production) of climate change, using the International and downstream (refining, petrochemicals, Energy Agency 2°C scenario (450 ppm) as specialty chemicals, trading and shipping of a point of reference. TOTAL’s approach is to crude oil and petroleum products and contribute to satisfying the demand for 10.5 B$ marketing). TOTAL also operates in the energy of the world’s growing population, adjusted net income renewable energies and power generation while providing concrete solutions to limit the sectors. effects of climate change. To do so, the Group focuses its actions around several key STRATEGY points, including the development of gas and 23 B$ renewable energies. organic Capex The Group’s goal is to be a global, integrated At the core of TOTAL’s strategy is a strong energy company. TOTAL is a leading belief that energy is vital, drives progress and international oil and gas company, and is must be made available to everyone. Energy active in new energy sources, such as solar is a precious resource that must be used 1.5 B$ power and biomass. To achieve this goal, wisely. The Group is helping to produce the Opex savings TOTAL leverages its integrated business energy that people around the planet need model, which enables it to capture synergies to live and thrive, while ensuring that its between the different business segments operations deliver economic, societal and of the Group. TOTAL stands out due to environmental benefits. TOTAL is meeting 4 B$ its operational excellence, its technological this challenge with and for its employees, asset sales signed expertise and its capacity to manage its stakeholders and local communities. complex projects. The Group’s strategy is based on four main priorities: Beyond safety, the values of respect, responsibility and exemplary conduct – driving profitable, sustainable growth in underpin TOTAL’s Code of Conduct and Exploration & Production’s hydrocarbon accompany priority business principles activities; in the realms of safety / security / health / – developing competitive, top-tier refining the environment, integrity (preventing and petrochemical complexes; corruption, fraud and anti-competitive practices) and human rights. It is through – responding to its customer needs by strict adherence to these values and delivering innovative solutions and principles that TOTAL will be able to build services that go beyond the supply of strong and sustainable growth for the Group petroleum products; and and its stakeholders and fulfill its motto: committed to better energy. Profile – TOTAL Factbook 2015 1 2015 HIGHLIGHTS 1 2 3 4 5 6 JANUARY MARCH MAY JULY NORWAY – E&P NIGERIA – E&P RUSSIA – E&P SINGAPORE
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