Charts updated around the middle of the month following the end of each quarter.
Note: The indicators for average liquids price and average gas price have been amended and a new indicator of variable cost margin for European refining has been introduced in replacement of the ERMI (European Refining Margin Indicator). Corresponding 2018 data has been restated to reflect these changes.
|Average liquids price*
Average gas price*
|Variable cost margin, European refining ($/t)**|
|Fourth Quarter 2019||1.11||63.1||59.1||3.76||30.2|
|Third Quarter 2019||1.11||62.0||58.0||3.48||47.4|
|Second Quarter 2019||1.12||68.9||63.7||3.82||27.6|
Disclaimer: data is based on Total’s reporting and is not audited. To the extent permitted by law, TOTAL S.A. disclaims all liability from the use of the restated main indicators.