Regulatory News:
TOTAL (Paris:FP) (LSE:TTA) (NYSE:TOT) :
Chart updated around the middle of the month following the end of each
quarter
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European refining
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€/$
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margins ERMI* ($/t)**
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Brent ($/b)
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Average liquids price*** ($/b)
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Average gas price ($/Mbtu)***
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Fourth quarter 2011
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1.35
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15.1
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109.3
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104.3
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6.79
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Third quarter 2011
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1.41
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13.4
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113.4
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106.8
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6.56
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Second quarter 2011
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1.44
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16.3
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117.0
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110.6
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6.60
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First quarter 2011
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1.37
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24.6
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105.4
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99.5
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6.19
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Fourth quarter 2010
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1.36
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32.3
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86.5
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83.7
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5.62
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* 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
Disclaimer : these data are based on Total’s reporting and are not
audited. They are subject to change.
