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)**
Fourth
Quarter
2018
1.14 68.8 57.2 4.94 29.1
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
Fourth
Quarter
2017
1.18 61.3 57.6 4.23 35.5
* 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.