Historical Data

Chart updated around the middle of the month following the end of each quarter.

2015
 €/$European
refining
margins ERMI*
($/t)**
Brent
($/b)
Average
liquids
price*** ($/b)
Average
gas price***
($/Mbtu)
Fourth Quarter 20151.1038.143.838.14.45
Third Quarter 20151.1154.850.544.04.47
Second Quarter 20151.1154.161.958.24.67
First Quarter 20151.1347.153.949.55.38
2014
 €/$European
refining
margins ERMI*
($/t)**
Brent
($/b)
Average
liquids
price*** ($/b)
Average
gas price***
($/Mbtu)
Fourth Quarter1.2527.676.661.76.29
Third Quarter     1.3329.9101.9  94.06.40
Second Quarter1.3710.9109.7103.06.52
First Quarter1.376.6108.2102.17.06
2013
 €/$European
refining
margins ERMI*
($/t)**
Brent
($/b)
Average
liquids
price*** ($/b)
Average
gas price***
($/Mbtu)
Fourth Quarter1.3610.1109.2102.57.36
Third Quarter1.3210.6110.3107.27.18
Second Quarter1.3124.1102.496.66.62
First Quarter1.3226.9112.6106.77.31
2012
 €/$European
refining
margins ERMI*
($/t)**
Brent
($/b)
Average
liquids
price*** ($/b)
Average
gas price***
($/Mbtu)
Fourth Quarter1.3033.9110.1106.46.94
Third Quarter1.2551.0109.5107.66.0
Second Quarter1.2838.2108.3101.67.10
First Quarter1.3120.9118.6115.27.16

2011
 €/$European refining margins ERMI* ($/t)**Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
Fourth Quarter1.3515.1109.3104.36.79
Third Quarter1.4113.4113.4106.86.56
Second Quarter1.4416.3117.0110.66.60
First Quarter1.3724.6105.499.56.19
2010
 €/$European refining margins ERMI* ($/t)**Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
Fourth Quarter1.3632.386.583.75.62
Third Quarter1.2916.476.972.85.13
Second Quarter1.2731.278.274.84.82
First Quarter1.3829.576.474.25.06
2009
 €/$European refining margins TRCV* ($/t)**European refining margins ERMI* ($/t)**Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
Fourth Quarter1.485.711.774.570.65.07
Third Quarter1.436.612.068.165.14.89
Second Quarter1.3612.417.159.154.84.71
First Quarter1.3034.730.544.541.55.98
2008
 €/$European refining margins TRCV* ($/t)Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
Fourth Quarter1.3241.455.549.47.57
Third Quarter1.5145.0115.1107.88.05
Second Quarter1.5640.2121.2114.97.29
First Quarter1.5024.696.790.76.67
2007
 €/$European refining margins TRCV* ($/t)Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
Fourth Quarter1.4530.188.584.56.08
Third Quarter1.3723.974.771.44.83
Second Quarter1.3542.868.865.74.94
First Quarter1.3133.057.855.05.69
2006
 €/$European refining margins TRCV* ($/t)Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
20061.2628.965.161.85.91
Fourth Quarter1.2922.859.657.16.16
Third Quarter1.2728.769.565.45.59
Second Quarter1.2638.369.666.25.75
First Quarter1.2025.861.858.86.16
2005
 €/$European refining margins TRCV* ($/t)Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
20051.2441.654.551.04.77
Fourth Quarter1.1945.556.954.55.68
Third Quarter1.2244.361.557.84.65
Second Quarter1.2645.051.648.04.39
First Quarter1.3131.747.644.14.40

* European Refining Margin Indicator (ERMI) is an indicator intended to represent the margin after variable costs for a hypothetical complex refinery located around Rotterdam in Northern Europe that processes a mix of crude oil and other inputs commonly supplied to this region to produce and market the main refined products at prevailing prices in this region. - The indicator margin may not be representative of the actual margins achieved by Total in any period because of Total's particular refinery configurations, product mix effects or other company-specific operating conditions.

** 1 $/t = 0.136 $/b
*** consolidated subsidiaries, excluding fixed margin.

Disclaimer: these data are based on Total's reporting and are not audited. They are subject to change.