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|
| Results of operations |
|
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 |
 |
 |
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| 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. |
|
| (in millions of euros) |
Consolidated
Subsidiaries |
|
| |
Europe |
Africa |
North
America |
Far
East |
Rest
of world |
Total
Consolidated |
|
| Year ended December 31, 1998 |
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
| 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 |
|
| 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 |
(1,219) |
(1,444) |
(127) |
(75) |
(273) |
(3,138) |
| and valuation allowances (1) |
|
|
|
|
|
|
| Other expenses (2) |
(92) |
(185) |
(16) |
(2) |
(71) |
(366) |
|
| Pretax income from producing activities |
1,114 |
(270) |
8 |
296 |
(111) |
1,037 |
| Income tax |
(456) |
(257) |
(19) |
(159) |
(18) |
(909) |
|
| Results of oil and gas producing activities |
658 |
(527) |
(11) |
137 |
(129) |
128 |
|
| Year ended December 31, 1999 |
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
| 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 |
|
| 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) |
|
| Pretax income from producing activities |
1,645 |
1,477 |
(146) |
542 |
350 |
3,868 |
| Income tax |
(830) |
(898) |
44 |
(267) |
(113) |
(2,064) |
|
| Results of oil and gas producing activities |
815 |
579 |
(102) |
275 |
237 |
1,804 |
|
| Year ended December 31, 2000 |
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
| 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 |
|
| 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) |
|
| 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) |
|
| Results of oil and gas producing activities |
1,759 |
1,376 |
(104) |
603 |
540 |
4,174 |
|
| Year ended December 31, 2001 |
|
|
|
|
|
|
|
| Revenues |
|
|
|
|
|
|
|
| Sales to unaffiliated parties |
2,624 |
439 |
81 |
1,460 |
1,191 |
5,795 |
| Transfers to affiliated parties |
3,566 |
4,548 |
386 |
180 |
684 |
9,364 |
|
| Total Revenues |
6,190 |
4,987 |
467 |
1,640 |
1,875 |
15,159 |
| Production costs |
(782) |
(621) |
(119) |
(168) |
(268) |
(1,958) |
| Exploration expenses |
(52) |
(144) |
(134) |
(16) |
(226) |
(572) |
| Depreciation, depletion and amortization |
|
|
|
|
|
|
| and valuation allowances (1) |
(1,225) |
(905) |
(206) |
(192) |
(455) |
(2,983) |
| Other expenses (2) |
(79) |
(554) |
(17) |
(15) |
(316) |
(981) |
|
| Pretax income from producing activities |
4,052 |
2,763 |
(9) |
1,249 |
610 |
8,665 |
| Income tax |
(2,378) |
(1,751) |
76 |
(574) |
(277) |
(4,904) |
|
| Results of oil and gas producing activities |
1,674 |
1,012 |
67 |
675 |
333 |
3,761 |
|
| Company’s share of equity
affiliates’ results of oil and gas producing activities |
|
|
| Year ended December 31, 1998 |
|
|
|
|
|
104 |
| Year ended December 31, 1999 |
|
|
|
|
|
136 |
| Year ended December 31, 2000 |
|
|
|
|
|
279 |
|
| Year ended December 31, 2001 |
|
|
|
|
|
335 |
|
Figures calculated according
to Article 215: they may differ substantially from FAS 69.
(1) Including a 874 M€ in 1998, 128 M€ in 1999 write-down following
the application of FAS 121 standard and 30 M€ of other write-downs
in 2000.
(2) Production taxes.
(3) Including 57 M€ of merger costs in 2000. |
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