Results of operations for oil and gas producing activities
The following table includes revenues and expenses associated directly with the Company's oil and gas producing activities. It does not include any interest cost.
In the Consolidated Financial Statements, the Company's share of results of oil and gas producing activities for equity affiliates is reflected through internal billing in the Upstream operating income.
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| (in million of euros) |
CONSOLIDATED SUBSIDIARIES |
| Europe |
Africa |
North America |
Far East |
Rest of the world |
Total Consolidated |
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| Year ended December 31, 1998 |
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| REVENUES |
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| Sales to unaffiliated parties |
1,722 |
65 |
191 |
439 |
190 |
2,607 |
| Transfers to affiliated parties |
1,628 |
2,097 |
116 |
73 |
370 |
4,284 |
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| Total Revenues |
3,350 |
2,162 |
307 |
512 |
560 |
6,891 |
| Production costs |
(793) |
(608) |
(92) |
(87) |
(157) |
(1,737) |
| Exploration expenses |
(132) |
(195) |
(64) |
(52) |
(170) |
(613) |
Depreciation, depletion and amortization
and valuation allowances (1) |
(1,219) |
(1,444) |
(127) |
(75) |
(273) |
(3,138) |
| Other expenses (2) |
(92) |
(185) |
(16) |
(2) |
(71) |
(366) |
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| Pretax income from producing activities |
1,114 |
(270) |
8 |
296 |
(111) |
1,037 |
| Income tax |
(456) |
(257) |
(19) |
(159) |
(18) |
(909) |
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| Results of oil and gas producing activities |
658 |
(527) |
(11) |
137 |
(129) |
128 |
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| Year ended December 31, 1999 |
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| REVENUES |
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| Sales to unaffiliated parties |
1,138 |
156 |
109 |
716 |
427 |
2,546 |
| Transfers to affiliated parties |
2,396 |
3,058 |
154 |
125 |
706 |
6,439 |
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| Total Revenues |
3,534 |
3,214 |
263 |
841 |
1,133 |
8,985 |
| Production costs |
(690) |
(597) |
(63) |
(162) |
(162) |
(1,674) |
| Exploration expenses |
(103) |
(119) |
(85) |
(28) |
(142) |
(477) |
Depreciation, depletion and amortization
and valuation allowances (1) |
(1,014) |
(734) |
(249) |
(104) |
(359) |
(2,460) |
| Other expenses (2) |
(82) |
(287) |
(12) |
(5) |
(120) |
(506) |
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| Pretax income from producing activities |
1,645 |
1,477 |
(146) |
542 |
350 |
3,868 |
| Income tax |
(830) |
(898) |
44 |
(267) |
(113) |
(2,064) |
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| Results of oil and gas producing activities |
815 |
579 |
(102) |
275 |
237 |
1,804 |
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| Year ended December 31, 2000 |
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| REVENUES |
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| Sales to unaffiliated parties |
2,084 |
462 |
215 |
1,313 |
866 |
4,940 |
| Transfers to affiliated parties |
4,121 |
5,407 |
262 |
209 |
1,105 |
11,104 |
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| Total Revenues |
6,205 |
5,869 |
477 |
1,522 |
1,971 |
16,044 |
| Production costs (3) |
(786) |
(531) |
(98) |
(156) |
(255) |
(1,826) |
| Exploration expenses |
(58) |
(120) |
(156) |
(34) |
(150) |
(518) |
Depreciation, depletion and amortization
and valuation allowances (1) |
(1,173) |
(898) |
(196) |
(160) |
(482) |
(2,909) |
| Other expenses (2) |
(71) |
(689) |
(16) |
(8) |
(204) |
(988) |
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| Pretax income from producing activities |
4,117 |
3,631 |
11 |
1,164 |
880 |
9,803 |
| Income tax |
(2,358) |
(2,255) |
(115) |
(561) |
(340) |
(5,629) |
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| Results of oil and gas producing activities |
1,759 |
1,376 |
(104) |
603 |
540 |
4,174 |
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| Company's share of equity affiliates' results of oil and gas producing activities |
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| Year ended December 31, 1998 |
104 |
| Year ended December 31, 1999 |
136 |
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| Year ended December 31, 2000 |
279 |
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Figures calculated according to Article 215 : they may differ substantially from SFAS 69.
(1) Including a 874 million euros in 1998, 128 million euros in 1999 write-down following the application of FAS 121 standard and 30 million euros of other write-downs in 2000.
(2) Production taxes.
(3) Including 57 million euros of merger costs in 2000.
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