Registration document 2007 - Total.com

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6 Listing Exchanges Paris, Brussels, London and New York Codes ISIN FR0000120271 Reuters TOTF.PA Bloomberg FP FP Datastream F: TAL Mnémo FP Included in the main indices: CAC 40, DJ Euro Stoxx 50, DJ Stoxx 50, DJ Global Titans Included in the main sustainable development and governance indices: DJSI World, DJ STOXX SI, FTSE4Good, FTSE ISS CGI, ASPI Weight in indices as of December 31, 2006: CAC40 13.0% 1 st place DJ EURO STOXX 50 5.9% 1 st place DJ STOXX 50 3.8% 3 rd place DJ GLOBAL TITANS 2.2% 15 th place 126 TOTAL and its shareholders Listing details Listing details TOTAL – Registration Document 2006 Largest capitalization on the Paris Bourse and the Euro zone As of December 31, 2006 (in B€) Largest companies by market capitalization in the euro zone TOTAL 132.6 ENI 102.1 EDF 100.6 Sanofi-Aventis 95.0 Santander Central Hispano 88.4 Source: Bloomberg for other companies. Market Capitalization as of December 31, 2006 132.6 B€ 174.5 B$ Percentage of float: 100% (Eurolist by Euronext) Par value 2.50 euros (after the four-for-one stock split on May 18, 2006) Credit rating as of December 31, 2006 (long term/short term/outlook) Standard & Poor’s : AA/A1+ / Stable Moody’s : Aa1/P1/Stable
Four-for-one stock split The General Meeting of Shareholders of May 12, 2006 decided to split the TOTAL share par value by four, effective as of May 18, 2006. Consequently, on May 18, 2006, each shareholder received four new TOTAL shares, par value 2.50 euros per share, for each old share, par value 10 euros per share. In addition, after approval of this four-for-one stock split, the Company changed the ratio between its ADRs (American Depositary Receipts) and the TOTAL shares: since May 23, 2006 one ADR corresponds to one share (compared to two ADRs per share previously). Share performance TOTAL share price (in euros) in Paris (2002-2006) (a) TOTAL CAC 40 (indexed on TOTAL share price) Euro Stoxx 50 (indexed on TOTAL share price) 2002 2003 2004 2005 2006 Source Datastream - Price as at December 29, 2006: 54.65 euros (a) In order to take into account Arkema’s spin-off and the four-for-one stock split, Euronext Paris defined an adjustment of TOTAL’s historical stock price. Therefore, TOTAL’s stock price before May 18, 2006 was multiplied by a 0.9871 adjustment coefficient (based on TOTAL’s 210 euros closing price on May 17, 2006 as well as Arkema’s reference stock price (before quotation) of 27 euros)) and by 0.25. These adjustments, defined by Euronext Paris are taken into account in the stock price evolution shown on this chart. Arkema spin-off Within the framework of the spin-off of Arkema’s chemical activities from the Group’s other chemical activities, the General Meeting of Shareholders of May 12, 2006 approved TOTAL S.A.’s contribution to Arkema, under the regulation governing spin-offs, of all its interests in the businesses included under Arkema’s perimeter, as well as to allocate one Arkema share allotment right for each TOTAL share, with ten allotment rights entitling the holder to one Arkema share. Fractional rights were traded on the Eurolist by Euronext market until June 26, 2006, and under Delisted Shares from June 27 to December 29, 2006 inclusive. Pursuant to the Article L 228-6 of the French Commercial Code and the Articles 205-1 and 205-2 of the decree N° 67-236 of March 23, 1967, the holders of allotment rights for fractional Arkema shares were informed by a notice prior to the sale of such fractional shares (Avis préalable à la mise en vente de titres non réclamés) published on August 3, 2006 in the French newspaper Les Echos, that: • as of the delisting of the allotment rights from the compartment of delisted shares section of the regulated markets (compartiment des valeurs radiées des marchés réglementés) of Euronext Paris dated December 29, 2006 after-hours TOTAL and its shareholders Listing details 6 TOTAL ADR price (in dollars) in New York (2002 – 2006) (a) TOTAL Dow Jones (indexed to the TOTAL ADR price) 2002 2003 2004 2005 2006 Source Datastream - Price as at December 29, 2006: 71.92 $ (a) In order to take into account Arkema’s spin-off and ADR’s split by two, the New York Stock Exchange (NYSE) defined an adjustment on TOTAL ADR’s historical stock price. Therefore, TOTAL’s ADR price before May 23, 2006 was multiplied by an 0.9838 adjustment coefficient (based on TOTAL ADR’s $130.40 closing price on May 22, 2006 as well as Arkema’s OTC closing price on May 18, 2006 of $42.15) and by 0.5. These adjustments, defined by the NYSE are taken into account in the stock price evolution calculation shown on this chart. trading, the allotment rights can still be negotiated over the counter until the sale date mentioned above in the notice; • Arkema’s shares corresponding to allotment rights for fractional shares will be sold on the Eurolist by Euronext two years after the publishing of the notice mentioned above, if they did not use their rights before the expiration date. As of this sale, the former allotment rights for fractional Arkema shares will be, as necessary, cancelled and their holders will only be able to lay claim to the cash distribution of the net proceeds from unclaimed Arkema’s shares sale. TOTAL S.A. will make the net proceeds of this sale available to their holders’ in a secured financial intermediary account for ten years. When this time limit expires, the unclaimed amounts will be handed over to the French Caisse des dépôts et consignations where the holders will still be able to claim them for a period of twenty years. After this time limit, the amounts will permanently become property of the French State. Moreover, since May 18, 2006, Arkema’s shares have been freely traded on the Eurolist by Euronext. TOTAL – Registration Document 2006 127
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Registration Document 2006
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Registration Document 2006 This is
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Key figures Selected financial info
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116,842 Key figures Operating and m
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Refined product sales including Tra
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Business overview History and strat
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Upstream TOTAL’s Upstream segment
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Exploration & Production Exploratio
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Production For the full year 2006,
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Presentation of production activiti
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Europe Business overview Exploratio
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Africa TOTAL has been present in Af
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this zone through its subsidiaries
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North America Since 2004, TOTAL has
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Trinidad & Tobago TOTAL holds a 30%
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TOTAL also has a 50% interest in th
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Europe TOTAL’s production in Euro
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K6-GT platform, in anticipation of
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The Group also holds a 20% interest
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Gas & Power The Gas & Power divisio
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Asia Pacific The Hazira re-gasifica
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In Morocco, Temasol, in which TOTAL
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Refining & Marketing As of December
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Refined products The table below se
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capacity oil recycling plant in Fra
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In 2006, the principal market bench
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Base Chemicals TOTAL’s Base Chemi
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Specialties TOTAL’s Specialties s
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Investments Main investments made o
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Property, Plant and Equipment TOTAL
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Board of Directors Executive Commit
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Management Report of the Board of D
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Market environment 2006 2005 2004 E
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Upstream results Liquids and gas pr
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Downstream results For the full yea
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Liquidity and capital resources Lon
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Research and development Research a
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Trends and outlook Outlook Since th
Page 77 and 78: Risk Factors Market risks p. 76 •
Page 79 and 80: The Group has implemented strict po
Page 81 and 82: The non-current debt in dollars des
Page 83 and 84: Grande Paroisse An explosion occurr
Page 85 and 86: Myanmar Under the Belgian “univer
Page 87 and 88: Risk management Risk evaluations le
Page 89 and 90: TOTAL, like other major internation
Page 91 and 92: Insurance and risk management Organ
Page 93 and 94: Corporate Governance Board of Direc
Page 95 and 96: Daniel Bouton 56 years old. Inspect
Page 97 and 98: Bertrand Jacquillat 62 years old. A
Page 99 and 100: Michel Pébereau 64 years old. Hono
Page 101 and 102: Management General Management On Ma
Page 103 and 104: Corporate Governance Compensation o
Page 105 and 106: Pensions and other commitments (Art
Page 107 and 108: Within this framework, the Board’
Page 109 and 110: Members of the Audit Committee may
Page 111 and 112: Messrs. Bouton, Collomb, Desmarais,
Page 113 and 114: establishes and maintains procedure
Page 115 and 116: Employees, Share Ownership, Stock O
Page 117 and 118: Corporate Governance Employees, Sha
Page 119 and 120: TOTAL stock options Corporate Gover
Page 125 and 126: Restricted share plans as of Decemb
Page 127: TOTAL and its shareholders Listing
Page 131 and 132: Information Summary TOTAL and its s
Page 133 and 134: Dividends Dividend policy In accord
Page 135 and 136: Share buybacks The General Meeting
Page 137 and 138: Summary table of transactions compl
Page 139 and 140: cancels and replaces the unused por
Page 141 and 142: which was approved by the French Co
Page 143 and 144: Shareholder structure Distribution
Page 145 and 146: Non-resident individual taxpayers e
Page 147 and 148: The Committee also worked on the co
Page 149 and 150: 2007 Calendar February 14 Results f
Page 151 and 152: Financial information Historical fi
Page 153 and 154: Additional information Financial in
Page 155 and 156: General information Share capital p
Page 157 and 158: Pursuant to this authorization, the
Page 159 and 160: Potential capital as of December 31
Page 161 and 162: General information Share capital J
Page 163 and 164: Directors’ Charter and Committees
Page 165 and 166: Other matters Employee incentives a
Page 167 and 168: Information on holdings General inf
Page 169 and 170: Statutory auditors’ report on the
Page 171 and 172: Consolidated statement of income TO
Page 173 and 174: Consolidated statement of cash flow
Page 175 and 176: On February 13, 2007, the Board of
Page 177 and 178: G. Earnings per share Earnings per
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equal to the market price. For unli
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The net periodic pension cost is re
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(iii) Portion of intangible assets
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A. Information by business segment
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Appendix 1 - Consolidated financial
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ADJUSTMENTS TO OPERATING INCOME 200
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In 2006, gains and losses on sales
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Property, plant and equipment prese
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14) Other non-current assets As of
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The variation of the weighted-avera
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18) Employee benefits obligations P
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The components of the net periodic
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20) Financial debt and related fina
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Impact on net income The amount of
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23) Commitments and contingencies A
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Other guarantees given Non-consolid
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25) Payroll and staff For the year
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The classification by strategy and
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B) Financial instruments related to
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29) Market risks Oil and gas market
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As a result of its policy for manag
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3) The Group has recorded provision
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53.2% 95.7% Elf Aquitaine 99.5% 100
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Oil and gas reserves p. 238 • Cha
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Changes in liquids reserves Appendi
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Changes in liquids and gas reserves
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Costs incurred in oil and gas prope
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Appendix 2 - Supplemental oil and g
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Other information Accounting for ex
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Appendix 3 - TOTAL S.A. Special aud
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(Free translation of a French langu
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Balance Sheet (TOTAL S.A.) Appendix
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Statement of changes in Shareholder
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2) Property, plant and equipment As
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6) Shareholders’ equity A) Common
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7) Contingency reserves As of Decem
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11) Translation adjustment The appl
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20) Commitments As of December 31 (
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TOTAL share purchase options plans
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Appendix 3 - TOTAL S.A. Parent comp
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List of marketable securities held
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Distribution of earnings 2006 Net d
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Social and environmental informatio
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AVERAGE COMPENSATION PER MONTH - TO
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Environment Pursuant to French law
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Consolidated financial information
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European Cross Reference List 10. C
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TOTAL S.A. Registered Office: 2, pl
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Registration document 2007 - Total.com

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