| Financial Highlights |
|
|
|
|
|
|
| |
2001
|
2000
|
1999
|
1998
|
| (in millions, except per share and percent
amounts) |
$
|
€
|
€
|
€
|
€
|
|
| Sales |
94,323
|
105,318
|
114,557
|
75,035
|
61,810
|
|
| Operating income from business segments |
|
|
|
|
|
| excluding non-recurring items (1) |
11,751
|
13,121
|
14,884
|
6,354
|
4,696
|
|
| Net operating income from business segments
|
|
|
|
|
|
| excluding non-recurring items |
6,774
|
7,564
|
8,035
|
-
|
-
|
|
| Cash flow from operating activities |
11,018
|
12,303
|
13,389
|
7,012
|
7,716
|
|
| Net income (Group share) excluding |
|
|
|
|
|
| non-recurring items (2) |
6,733
|
7,518
|
7,637
|
3,349
|
2,703
|
|
| Earnings per share excluding |
|
|
|
|
|
| non-recurring items (3) |
9.71
|
10.85
|
10.80
|
4.77
|
3.86
|
|
| Earnings per ADS excluding |
|
|
|
|
|
| non-recurring items ($) (3) |
4.86
|
|
4.99
|
2.53
|
2.14
|
|
| Net dividend per share (€) |
|
3.80
|
3.30
|
2.35
|
2.00 (4)
|
|
| Net dividend per ADS ($) (5) |
1.69
|
|
1.41
|
1.12
|
1.02 (4)
|
|
| Capital expenditures |
9,463
|
10,566
|
8,339
|
8,495
|
8,802
|
|
| Shareholders’ equity |
29,904
|
33,932
|
32,401
|
27,669
|
25,279
|
|
| Net debt |
8,948
|
10,152
|
10,321
|
14,055
|
10,15
|
|
| Return on equity |
|
24%
|
27%
|
13%
|
11%
|
|
| Net debt-to-equity ratio |
|
31%
|
33%
|
50%
|
39%
|
|
| (1) See details of non-recurring
items on operating income. |
| (2) See details of non-recurring
items on net incom. |
| (3) Based on fully-diluted
weighted-average number of shares. |
| (4) Paid by Totalfina for
1998. |
|
(5) Translated solely for convenience into dollars at the
Noon Buying Rates on the respective payment dates, except
for the 2001 dividend, which has been translated at the Noon
Buying Rate on December 31, 2001 (US $ 0.8901 per euro). In
the US, the dividend, paid to the holders of ADSs, may differ
from these figures, depending on the Noon Buying Rate used
by the Depository to convert euros to dollars for purposes
of making payments to holders of ADSs and depending on the
tax status of the US shareholders, with respect to the withholding
tax and the avoir fiscal tax credit.
|
 |
|
|
| Operational highlights |
|
|
|
|
|
| |
2001
|
2000
|
1999
|
1998
|
| UPSTREAM |
|
|
|
|
| Net Production |
|
|
|
|
| Liquids (mb/d) |
1,454
|
1,433
|
1,468
|
1,502
|
| Gas (Mcf/d) |
4,061
|
3,758
|
3,322
|
3,225
|
|
| Total (mboe/d) |
2,197
|
2,124
|
2,065
|
2,070
|
|
| Proved Reserves |
|
|
|
|
| Liquids (Mb) |
6,961
|
6,960
|
6,868
|
6,267
|
| Gas (Bcf) |
21,929
|
20,705
|
20,253
|
19,082
|
|
| Total (Mboe) |
10,978
|
10,762
|
10,455
|
9,615
|
|
| |
|
|
|
|
| DOWNSTREAM |
|
|
|
|
| Refining capacity (mb/d) |
2,580
|
2,562
|
2,611
|
2,613
|
|
| Refinery runs (mb/d) |
2,465
|
2,411
|
2,411
|
2,471
|
|
| Refined product sales (mb/d) |
|
|
|
|
| excluding Trading sales |
3,154
|
3,109
|
3,188
|
3,186
|
|
| Refined product sales (mb/d) |
|
|
|
|
| including Trading sales |
3,724
|
3,695
|
3,830
|
3,738
|
|
| |
|
|
|
|
| CHEMICALS |
|
|
|
|
| Chemicals sales (B€) (1) |
19.6
|
20.8
|
17.3
|
16.1
|
|
| Petrochemicals & Plastics |
7.0
|
8.0
|
5.5
|
5.2
|
| Intermediates & Performance polymers |
4.8
|
5.3
|
4.6
|
4.3
|
| Specialties |
7.8
|
7.5
|
7.2
|
6.5
|
|
| (1) Does not include intersegment sales.
|
|
|
|
|
Number of Employees |
122,025
|
123,303
|
127,252
|
129,955
|
|
| Environment parameters |
|
| |
2001
|
2000
|
1999
|
1998
|
|
| |
Year
|
2nd half
|
1st half
|
Year
|
2nd half
|
1st half
|
Year
|
2nd half
|
1st half
|
Year
|
2nd half
|
1st half
|
|
| Euro/Dollar (€/$) |
0.90
|
0.89
|
0.90
|
0.92
|
0.89
|
0.96
|
1.07
|
1.04
|
1.09
|
1.11
|
1.14
|
1.08
|
|
| Brent price ($/barrel) |
24.4
|
22.3
|
26.6
|
28.5
|
30.0
|
26.9
|
18.0
|
22.3
|
13.4
|
12.7
|
11.8
|
13.7
|
|
| Refining margins ($/ton)* |
15.4
|
13.8
|
16.9
|
23.8
|
29.0
|
18.5
|
9.7
|
10.0
|
9.4
|
16.9
|
16.7
|
17.1
|
|
| Refining margins ($/barrel)* |
2.1
|
1.9
|
2.3
|
3.2
|
3.9
|
2.5
|
1.3
|
1.4
|
1.3
|
2.3
|
2.3
|
2.3
|
|
| * TRCV Europe (Topping,
Reforming, Cracking, Visbreaking). |
|
|
