Main Indicators

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

2014
 €/$European
refining
margins ERMI*
($/t)**
Brent
($/b)
Average
liquids
price*** ($/b)
Average
gas price***
($/Mbtu)
First Quarter 1.37 6.6 108.2 102.1 7.06

* 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.

Note : The impact of a 0.1 $/€ increase in the $/€ exchange rate, from a base scenario of 1.30 $/€, is estimated at -0.7 B$ on adjusted operating income and -0.3 B$ on adjusted net operating income.

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


2013
 €/$European
refining
margins ERMI*
($/t)**
Brent
($/b)
Average
liquids
price*** ($/b)
Average
gas price***
($/Mbtu)
Fourth Quarter 1.36 10.1 109.2 102.5 7.36
Third Quarter 1.32 10.6 110.3 107.2 7.18
Second Quarter 1.31 24.1 102.4 96.6 6.62
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.

Consult historical data