Investors

Main Indicators

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


2013

Main Indicators 2013

€/$European refining margins ERMI* ($/t)**Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
First Quarter 1.32  26.9   112.6 106.7  7.31 

* 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: data is based on Total's reporting, is not audited and is subject to change.


2012

Main Indicators 2012

€/$European refining margins ERMI* ($/t)**Brent ($/b)Average liquids price*** ($/b)Average gas price*** ($/Mbtu)
Fourth Quarter 1.30 33.9 110.1 106.4 6.94
Third Quarter 1.25 51.0 109.5 107.6 6.00
Second Quarter 1.28 38.2 108.3 101.6 7.10
First Quarter 1.31  20.9   118.6 115.2  7.16 

* 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 and buy-back contracts. Beginning with the first quarter of 2012, includes hydrocarbon production overlifting / underlifting position valued at market price.  

Consult historical data