Table of Contents Table of Contents 2 List of Tables 5 List of Figures 6 Company Snapshot 8 Key Information 8 Company Overview 8 Total S.A., Valuation and Financial Data 9 Total S.A., Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 Total S.A., Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Total S.A., Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Total S.A., Quarterly Production Trends 12 Total S.A., Total Oil and Gas Production 12 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 12 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 13 Total S.A., Crude Oil Production 14 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 14 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 15 Total S.A., Natural Gas Production 16 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 16 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 17 Total S.A., Valuation and Financial Data, 2011-2015 18 Total S.A., Share Price Performance, 2011-2015 18 Share Price Performance, 2011-2015 18 Key Valuation Metrics, 2011-2015 19 Total S.A., Production and Reserves Trends 20 Total Oil and Gas, Reserves and Production 20 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 20 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 22 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 24 Crude Oil/Liquids Production and Reserve 25 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 25 Crude Oil Production and Reserves By Country/Region, 2011-2015 26 Crude Oil/Liquids Reserve Changes, 2011-2015 28 Natural Gas Production and Reserve 29 Natural Gas Production and Reserve Trend, 2011-2015 29 Natural Gas Production and Reserves, By Country/Region, 2011-2015 30 Natural Gas Reserve Changes, 2011-2015 32 Total Crude Oil and Natural Gas Reserves Life Index 33 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 33 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 34 Total S.A., E&P Costs Trends 37 Allocation of the Upstream Capital Expenditure 37 Upstream Capital Expenditure, 2011-2015 37 Acquisition Costs By Country/Region, 2011-2015 38 Exploration and Development Costs, By Country/Region, 2011-2015 40 Oil and Gas Cost Per boe, US$/boe 42 Oil and Gas Cost Per boe, US$/boe, 2011-2015 42 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44 Total S.A., Reserve Replacement Ratio 47 Oil and Gas Production Replacement Ratio 47 Oil and Gas Production Replacement Ratio, 2011-2015 47 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49 Total S.A., Results of Oil & Gas Operations Trend 54 Oil and Gas Revenue and Expenses 54 Oil and Gas Revenue and Expenses, 2011-2015 54 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 55 Oil and Gas Revenue and Expenses, Per boe 61 Oil and Gas Revenue and Expenses, By boe, 2011-2015 61 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 62 Oil and Gas Performance Metrics 67 Total S.A., Land Holdings and Well Data 68 Developed and Undeveloped Acreage 68 Gross and Net Developed and Undeveloped Acreage, 2011-2015 68 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 69 Well Statistics 72 Producible Oil and Gas Well, 2011-2015 72 Producible Oil and Gas Well, By Country/Region, 2011-2015 73 Exploration and Development Wells Drilled, 2011-2015 78 Exploration and Development Wells Drilled, By Country/Region, 2011-2015 79 Recent Developments 81 Total S.A. - Recent Developments 81 Apr 28, 2016: Russia's Yamal LNG Project Secures $12bn Loan From China Banks 81 Apr 27, 2016: Total: First Quarter 2016 Results 81 Apr 27, 2016: Total In Final Talks With Russian Banks For $4bn Yamal LNG Financing Deal 84 Apr 26, 2016: Russia's Yamal LNG Project May Not Receive Loans From China In May 2016 84 Apr 25, 2016: PDVSA: Venezuela Consolidates The Hydrocarbon Development Of The Hugo Chavez Orinoco Oil Belt 85 Apr 22, 2016: Total Joins the Terrawatt Initiative to Achieve Solar Scale-Up Worldwide 85 Apr 21, 2016: Kashagan Oil Field In Kazakhstan To Resume Production In June 2017: CNPC 86 Apr 21, 2016: Chinese Banks To Provide $10bn Loan To Russian Yamal LNG Project: CNPC 86 Apr 20, 2016: ITF-Facilitated JIP Enters Trial Phase To Provide Clearer Understanding Of Subsea Faults 86 Apr 19, 2016: Total presents new organization to achieve its ambition of becoming the responsible energy major 87 Appendix 89 Methodology 89 Coverage 89 Secondary Research 89 Primary Research 89 Data Information Sources 90 Company Source 90 SEC/Other Regulatory Filings 90 Other Sources 90 Expert Panel Validation 90 Data Definition 90 Oil and Gas Reserves 90 Units of Measure 91 About GlobalData 91 Disclosure 91 Disclaimer 91

List of Tables Table 1: Total S.A., Key Facts 8 Table 2: Total S.A., Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: Total S.A., Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: Total S.A., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: Total S.A., Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 12 Table 6: Total S.A., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 13 Table 7: Total S.A., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 14 Table 8: Total S.A., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 15 Table 9: Total S.A., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 16 Table 10: Total S.A., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 17 Table 11: Total S.A., Share Price Performance, 2011-2015 18 Table 12: Total S.A., Key Valuation Metrics, 2011-2015 19 Table 13: Total S.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21 Table 14: Total S.A., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 23 Table 15: Total S.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 24 Table 16: Total S.A., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25 Table 17: Total S.A., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 27 Table 18: Total S.A., Crude Oil Reserve Changes, mmbbl, 2011-2015 28 Table 19: Total S.A., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29 Table 20: Total S.A., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 31 Table 21: Total S.A., Natural Gas Reserve Changes, bcf, 2011-2015 32 Table 22: Total S.A., Oil and Gas Reserves Life Index, Years, 2011-2015 33 Table 23: Total S.A., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36 Table 24: Total S.A., Upstream Capital Expenditure, US$ mil, 2011-2015 37 Table 25: Total S.A., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Table 26: Total S.A., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41 Table 27: Total S.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Table 28: Total S.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45 Table 29: Total S.A., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 30: Total S.A., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52 Table 31: Total S.A., Revenue and Expenses, US$ mil, 2011-2015 54 Table 32: Total S.A., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 59 Table 33: Total S.A., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 61 Table 34: Total S.A., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 65 Table 35: Total S.A., Oil and Gas Performance Metrics, 2011-2015 67 Table 36: Total S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 68 Table 37: Total S.A., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 71 Table 38: Total S.A., Producible Oil and Gas Wells, 2011-2015 72 Table 39: Total S.A., Producible Oil and Gas Wells, By Country/Region, 2011-2015 76 Table 40: Total S.A., Exploratory and Developed Wells, 2011-2015 78 Table 41: Total S.A., Exploratory and Developed Wells, By Country/Region, 2011-2015 79 List of Figures Figure 1: Total S.A., Share Price Performance, EUR/Share, Q4, 2014-Q4, 2015 9 Figure 2: Total S.A., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: Total S.A., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: Total S.A., Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 12 Figure 5: Total S.A., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 13 Figure 6: Total S.A., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 14 Figure 7: Total S.A., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 15 Figure 8: Total S.A., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 16 Figure 9: Total S.A., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 17 Figure 10: Total S.A., Share Price Performance, EUR/Share, 2011-2015 18 Figure 11: Total S.A., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 19 Figure 12: Total S.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 20 Figure 13: Total S.A., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 22 Figure 14: Total S.A., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 22 Figure 15: Total S.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 24 Figure 16: Total S.A., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25 Figure 17: Total S.A., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 26 Figure 18: Total S.A., Oil Production, By Country/Region, mmbbl, 2011-2015 26 Figure 19: Total S.A., Crude Oil Reserve Changes, mmbbl, 2015 28 Figure 20: Total S.A., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29 Figure 21: Total S.A., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 30 Figure 22: Total S.A., Gas Production, By Country/Region, bcf, 2011-2015 30 Figure 23: Total S.A., Natural Gas Reserve Changes, bcf, 2015 32 Figure 24: Total S.A., Oil and Gas Reserves Life Index, Years, 2011-2015 33 Figure 25: Total S.A., Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 34 Figure 26: Total S.A., Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 34 Figure 27: Total S.A., Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 35 Figure 28: Total S.A., Upstream Capital Expenditure, US$ mil, 2011-2015 37 Figure 29: Total S.A., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 30: Total S.A., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 31: Total S.A., Development Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 32: Total S.A., Exploration Costs, By Country/Region, US$ mil, 2011-2015 40 Figure 33: Total S.A., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42 Figure 34: Total S.A., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 35: Total S.A., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44 Figure 36: Total S.A., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45 Figure 37: Total S.A., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Figure 38: Total S.A., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 39: Total S.A., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 40: Total S.A., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 41: Total S.A., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 42: Total S.A., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 43: Total S.A., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 44: Total S.A., Revenue and Expenses, US$ mil, 2011-2015 54 Figure 45: Total S.A., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 46: Total S.A., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 55 Figure 47: Total S.A., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 48: Total S.A., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 49: Total S.A., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 57 Figure 50: Total S.A., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 51: Total S.A., Production Costs, By Country/Region, US$ mil, 2011-2015 58 Figure 52: Total S.A., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 58 Figure 53: Total S.A., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 61 Figure 54: Total S.A., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 55: Total S.A., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 62 Figure 56: Total S.A., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 63 Figure 57: Total S.A., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 63 Figure 58: Total S.A., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 64 Figure 59: Total S.A., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 64 Figure 60: Total S.A., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 65 Figure 61: Total S.A., Oil and Gas Performance Metrics, 2011-2015 67 Figure 62: Total S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 68 Figure 63: Total S.A., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 69 Figure 64: Total S.A., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 69 Figure 65: Total S.A., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 70 Figure 66: Total S.A., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 70 Figure 67: Total S.A., Producible Oil and Gas Wells, 2011-2015 72 Figure 68: Total S.A., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 73 Figure 69: Total S.A., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 73 Figure 70: Total S.A., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 74 Figure 71: Total S.A., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 74 Figure 72: Total S.A., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 75 Figure 73: Total S.A., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 75 Figure 74: Total S.A., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 76 Figure 75: Total S.A., Exploratory and Developed Wells, 2011-2015 78