Factbook 2019 CONTENTS OVERVIEW 2 Need further information? Log on to www.total.com HIGHLIGHTS 4 You can consult the Factbook online, download it in CLIMATE 7 PDF and the tables are also available in Excel format. CORPORATE 9 FINANCIAL HIGHLIGHTS & MARKET ENVIRONMENT ............................................................................................................11 CONSOLIDATED STATEMENT OF INCOME...........................................................................................................................14 CONSOLIDATED BALANCE SHEET......................................................................................................................................18 CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY..............................................................................21 NET-DEBT-TO-EQUITY RATIO & CAPITAL EMPLOYED...........................................................................................................22 ROACE.............................................................................................................................................................................23 CONSOLIDATED STATEMENT OF CASH FLOW.....................................................................................................................24 SHARE PERFORMANCE.....................................................................................................................................................26 SHARE INFORMATION .......................................................................................................................................................27 PAYROLL & NUMBER OF EMPLOYEES ................................................................................................................................28 INTEGRATED GAS, RENEWABLES & POWER 29 FINANCIAL & OPERATIONAL HIGHLIGHTS ...........................................................................................................................31 LIQUEFIED NATURAL GAS (LNG).........................................................................................................................................32 PRODUCTION AND LIQUEFACTION OF LNG ................................................................................................................34 PURCHASING, SALE, TRADING AND SHIPPING OF LNG................................................................................................41 LNG REGASIFICATION ...............................................................................................................................................42 Units of measurement and abbreviations LOW-CARBON ELECTRICITY ..............................................................................................................................................44 /d: per day PRODUCTION AND STORAGE OF LOW - CARBON ELECTRICITY.....................................................................................46 /y: per year NATURAL GAS AND ELECTRICITY MARKETING AND TRADING......................................................................................50 B: billion TRADING (EXCLUDING LNG, GAS AND ELECTRICITY) AND TRANSPORT OF NATURAL GAS.............................................51 b: barrel FOCUS: CARBON NEUTRALITY BUSINESSES .......................................................................................................................52 boe: barrel of oil equivalent Btu: British thermal unit cf: cubic feet EXPLORATION & PRODUCTION 53 $ and/or dollar: U.S. dollar €: euro FINANCIAL & OPERATIONAL HIGHLIGHTS ...........................................................................................................................55 t: metric ton E&P ACTIVITIES BY GEOGRAPHICAL AREA..........................................................................................................................56 k: thousand EUROPE AND CENTRAL ASIA.....................................................................................................................................56 km: kilometer AFRICA (EXCLUDING NORTH AFRICA).........................................................................................................................60 kboe/d: thousand boe/d MIDDLE EAST AND NORTH AFRICA............................................................................................................................64 kb/d: thousand barrel/d AMERICAS ...............................................................................................................................................................67 M: million ASIA-PACIFIC ...........................................................................................................................................................72 m: meter m3 or cm: cubic meter UPSTREAM HYDROCARBONS ACTIVITIES 75 MW: megawatt MWp: megawatt peak PRODUCTION & PROVED RESERVES ..................................................................................................................................77 TWh: terawatt hour UPSTREAM HIGHLIGHTS BY GEOGRAPHICAL AREA.............................................................................................................78 W: watt BREAKDOWN OF PRODUCTION BY GEOGRAPHICAL AREA...................................................................................................83 ADR: American Depositary Receipt CHANGES IN RESERVES ....................................................................................................................................................85 API: American Petroleum Institute RESULTS OF OPERATIONS FOR OIL AND GAS PRODUCING ACTIVITIES .................................................................................99 B2B: Business to business COST INCURRED.............................................................................................................................................................101 B2C: Business to consumer CCGT: Combined-Cycle Gas Turbine CAPITALIZED COST RELATED TO OIL AND GAS PRODUCING ACTIVITIES.............................................................................102 CCUS: Carbon Capture, Utilization and Storage STANDARDIZED MEASURE OF DISCOUNTED FUTURE NET CASH FLOWS............................................................................104 CO2: carbon dioxyde OIL AND GAS ACREAGE...................................................................................................................................................107 DACF: Debt Adjusted Cash Flow. Cash flow from PRODUCTIVE WELLS.......................................................................................................................................................108 operating activities before changes in INTERESTS IN PIPELINES.................................................................................................................................................111 working capital at replacement cost, PIPELINE GAS SALES ......................................................................................................................................................112 without financial charges except those related to leases. REFINING & CHEMICALS 113 FEED: Front-End Engineering and Design FID: Final Investment Decision FINANCIAL & OPERATIONAL HIGHLIGHTS .........................................................................................................................115 FPSO: Floating Production Storage and FOCUS: SUSTAINABLE CONTRIBUTION FROM REFINING & CHEMICALS..............................................................................118 Offloading REFINERY & DISTILLATION CAPACITIES ............................................................................................................................119 FSRU: Floating Storage and Regasification Unit REFINERY THROUGHPUT, UTILIZATION RATE & PRODUCTION LEVELS.................................................................................120 HSE: Health, Safety and the Environment MAIN PETROCHEMICALS PRODUCT & MAIN PRODUCTION CAPACITIES .............................................................................121 IEA: International Energy Agency SALES – CHEMICALS......................................................................................................................................................121 IFRS: International Financial Reporting Standards MAIN SPECIALTY CHEMICALS PRODUCT GROUPS ............................................................................................................122 IOC: Integrated Oil Company LNG: Liquefied Natural Gas SALES – SPECIALITY CHEMICALS PRODUCTS ..................................................................................................................122 LPG: Liquefied Petroleum Gas NGL: Natural Gas Liquids MARKETING & SERVICES 123 NGV: Natural Gas Vehicles FINANCIAL & OPERATIONAL HIGHLIGHTS .........................................................................................................................125 OEM: Original Equipment Manufacturer FOCUS: MARKETING & SERVICES – GROWING SELECTIVELY .............................................................................................128 OML: Oil Mining Lease PETROLEUM PRODUCT SALES ........................................................................................................................................129 ROE: Return on Equity SERVICE-STATIONS.........................................................................................................................................................130