Registration document 2007 - Total.com

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6 TOTAL share over the last 18 months (on the Paris Stock Exchange) In accordance with May 12, 2006 General Meeting decision in relation with TOTAL four-for-one stock split, each shareholder received on May 18, 2006 four new TOTAL shares, par value 2.50 euros per share, for each old share, par value 10 euros per share. Data prior to May 18, 2006 reported in this chart was adjusted for this stock split by multiplying the traded volumes by four and by dividing stock prices by four. Furthermore, the May 12, 2006 General Meeting approved the spin-off of Arkema’s chemical activities from the Group’s other chemical activities and the allocation as from May 18, 2006 of one Arkema share allocation right for each TOTAL share, par value 10 euros per share, ten allocation rights entitling the holder to one Arkema share. Data prior to May 18, 2006 in the first two columns of this table and concerning the highest and lowest market prices are presented without consideration to the Arkema’s share allocation right partition. Data prior to May 18, 2006 reported in the following columns of the table and concerning the highest and lowest market prices takes into account Arkema’s share allocation right partition. TOTAL – Registration Document 2006 Average volume Highest Lowest Adjusted highest Adjusted lowest traded price traded price traded price traded price traded September 2005 11,125,183 57.28 53.38 56.54 52.69 October 2005 14,043,673 57.05 49.75 56.32 49.11 November 2005 10,856,295 56.05 51.45 55.33 50.79 December 2005 8,123,034 55.10 52.65 54.39 51.97 January 2006 11,177,540 58.15 53.30 57.40 52.62 February 2006 10,743,661 57.03 52.58 56.29 51.90 March 2006 10,487,025 55.35 51.43 54.64 50.76 April 2006 10,706,458 57.43 53.85 56.69 53.16 May 2006 15,249,339 57.10 48.65 56.37 48.65 June 2006 12,466,491 51.70 46.52 - - July 2006 9,719,101 53.85 49.70 - - August 2006 8,632,591 54.50 51.10 - - September 2006 11,855,458 53.10 49.45 - - October 2006 8,804,893 54.80 50.10 - - November 2006 8,928,941 56.95 52.30 - - December 2006 9,287,909 56.00 52.20 - - January 2007 11,036,797 55.45 50.80 - - February 2007 9,896,507 53.95 51.02 - - Maximum on the period 58.15 57.40 Minimum on the period 46.52 46.52 Source : Euronext Paris 130 TOTAL and its shareholders Listing details
Dividends Dividend policy In accordance with the distribution policy announced at the General Meeting of Shareholders on May 14, 2004, an interim dividend is paid in the fourth quarter of each year, except under extraordinary circumstances. The Board of Directors met on November 7, 2006 and, after approving the accounts as of September 30, 2006, approved an interim 2006 dividend in the amount of 0.87 euros per share paid on November 17, 2006. For the fiscal year 2006, as in the past, TOTAL continued its dynamic dividend policy by proposing a dividend of 1.87 euros per share to the General Meeting of Shareholders, including a balance of 1.00 euro per share, which would be payable on May 18, 2007. This dividend of 1.87 euros represents an increase of 15% compared to the previous year. Over the past five years, this increase amounts to an average of 16% per year. In 2006, TOTAL’s pay-out ratio was 34% (1) . (1) On the basis of adjusted net earnings per share. 1.03 2002 1.18 2003 Amounts adjusted in order to take into account the four-for-one stock split effective as from May 18, 2006. Dividend payment TOTAL and its shareholders Dividends 1.35 2004 2005 2006 The dividend payment, which is entrusted to BNP Paribas Securities Services, is made through financial account holder intermediaries using the EUROCLEAR France direct payment system. THE BANK OF NEW YORK (101 Barclay Street, New York, NY 10286, USA) arranges for the payment of dividends to holders of American Depositary Receipts (ADRs). 1.62 1.87 Remaining balance of dividend Interim dividend 6 TOTAL – Registration Document 2006 131
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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 •
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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 and 130: Four-for-one stock split The Genera
Page 131: Information Summary TOTAL and its s
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
Page 181 and 182: 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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