Registration document 2007 - Total.com

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6 Change in stock prices in Europe compared to major European oil companies between January 1, 2006 and December 31, 2006 (in local currency) TOTAL (euro) (a) + 4.4% BP (British pound) - 8.3% Royal Dutch Shell A (euro) + 3.6% Royal Dutch Shell B (euro) -1.6% ENI (euro) + 8.7% (a) In order to take into account Arkema’s spin-off and the four-for-one stock split, Euronext Paris defined an adjustment on 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 are taken into account in the stock price evolution calculation of this chart. 128 TOTAL and its shareholders Listing details Appreciation of a portfolio invested in TOTAL shares Net yield of 16.5% per year over ten years (excluding tax credit) TOTAL – Registration Document 2006 Change in stock prices in the United States compared to major oil competitors between January 1, 2006 and December 31, 2006 (in dollars) TOTAL (b) + 15.7% ExxonMobil + 36.4% BP + 4.5% Royal Dutch Shell A + 15.1% Royal Dutch Shell B + 10.3% Chevron + 29.5% ENI + 20.6% ConocoPhillips + 23.7% (b) In order to take into account Arkema’s spin-off and the ADR’s split by two, the New York Stock Exchange (NYSE) defined an adjustment on TOTAL ADR’s historical stock price. Therefore, TOTAL’s stock price before May 23, 2006 was multiplied by a 0.9838 adjustment coefficient (based on TOTAL ADR’s 130.4 dollars closing price on May 22, 2006 as well as Arkema’s OTC closing price on May 18, 2006 of 42.15 dollars) and by 0.5. These adjustments, defined by the NYSE are taken into account in the stock price evolution calculation of this chart. Multiplication of the initial investment by 4.6 over ten years For every 1,000 euros invested in TOTAL stock as of December 31, in year N, by an individual resident in France, assuming that the net dividends (excluding the tax credit) are reinvested in TOTAL stock, and excluding tax and social withholding. Investment date Annual yield (a) The capital invested at the end of the period would be: TOTAL CAC 40 TOTAL CAC 40 1 year January 1, 2006 7.7% 20.9% 1,077 1,209 5 years January 1, 2002 9.8% 6.2% 1,596 1,351 10 years January 1, 1997 16.5% 11.2% 4,605 2,891 15 years January 1, 1992 15.6% 10.1% 8,798 4,235 (a) TOTAL’s share prices, that are used to calculate the annual yields, take into consideration the adjustment made by Euronext Paris after Arkema’s share allocation rights partition. Furthermore, the one-year yield between December 31, 2005 and December 31, 2006 of an investment in a TOTAL share, with a sale on December 31, 2006 of one tenth of Arkema’s share allocated for the spin-off (i.e. at a closing price of 38.93 euros of the Arkema Share), is 8.20%.
Information Summary TOTAL and its shareholders Listing details Information in this table from periods before May 18, 2006 has been recalculated to reflect the four-for-one stock split. Trading prices and dividends have been divided by four and trading volumes in Paris and London have been multiplied by four. Price of share (in euros) 2006 2005 2004 2003 2002 Highest (during regular trading session) 58.15 57.28 42.95 36.98 44.85 Adjusted highest (a) (during regular trading session) 57.40 56.54 42.40 36.50 44.27 Lowest (during regular trading session) 46.52 39.50 34.85 27.63 30.30 Adjusted lowest (a) (during regular trading session) - 38.99 34.40 27.27 29.91 Last of the year (close) 54.65 53.05 40.18 36.85 34.03 Adjusted last of the year (a) (close) - 52.37 39.66 36.38 33.59 Trading volume (average per session) Paris Stock Exchange 10,677,157 10,838,962 10,975,854 11,803,806 11,917,604 London Exchange SEAQ International (b) 3,677,117 3,536,068 3,800,048 3,431,732 7,652,800 New York Stock Exchange (c) (number of ADRs) 1,500,331 1,716,466 1,199,271 978,117 956,940 Dividend per share (in euros) Net dividend (d) 1.87 1.62 1.35 1.18 1.03 Tax credit (e) - - 0.30 0.59 0.51 (a) Adjusted market price of the spin-off of Arkema (b) To make the trading volume on the SEAQ International comparable to the trading volume in Paris, the number of transactions recorded in London is usually divided by two to account for activity of market makers in London. However, the volumes presented in the table above have not been divided by two. (c) After the four-for-one stock split, which was approved by the General Meeting of shareholders of May 12, 2006, effective on May 18, 2006, as well as after the change in the ADR ratio, on May 23, 2006, one ADR now represents one TOTAL share. Moreover trading volumes in New York before May 23, 2006 were multiplied by two. (d) For 2006, subject to approval by the General Meeting of Shareholders of May 11, 2007. This amount includes the interim 2006 dividend of 0.87 euros per share with a par value of 2.5 euros paid on November 17, 2006. (e) Based on a tax credit of 50% on the net dividends paid before January 1, 2005, enforceable date of tax credit elimination for individuals under the 2004 French Finance Law. For other shareholders, the tax credit was eliminated by this law as of January 1, 2004. Pursuant to Article 243 bis of the French General Tax Code, the interim dividend paid on November 17, 2006 and the balance of the dividend paid on May 18, 2007 (subject to approval by the General Meeting of Shareholders of May 11, 2007) are eligible for the 40% rebate applying to individuals residing for tax purposes in France provided for by Article 158 paragraph 3 of the French General Tax Code. 6 TOTAL – Registration Document 2006 129
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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
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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 and 128: TOTAL and its shareholders Listing
Page 129: Four-for-one stock split The Genera
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
Page 179 and 180: 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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