Main Indicators

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

  €/$
Brent ($/b)
Average liquids price***
($/b)
Average gas price***
($/Mbtu)
European refining margins ERMI* ($/t)**
Third Quarter 2018 1.16 75.2 69.5 4.96 39.9
Second Quarter 2018 1.19 74.4 69.5 4.49 34.7
First
Quarter
2018
1.23 66.8 60.4 4.73 25.6
* 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 $/b
*** consolidated subsidiaries, excluding fixed margin contracts, including hydrocarbon production overlifting / underlifting position valued at market price.
 €/$
Brent ($/b)
Average liquids price***
($/b)
Average gas price***
($/Mbtu)
European refining margins ERMI* ($/t)**
Fourth Quarter 20171.1861.357.64.2335.5
Third Quarter 20171.1752.148.94.0548.2
Second
Quarter
2017
1.1049.645.13.9341.0
First
Quarter
2017
1.0653.749.24.1038.9
* 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 contracts, including hydrocarbon production overlifting / underlifting position valued at market price.