Total: Fourth Quarter 2009 Adjusted Net Income ...

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-- Fourth quarter adjusted net income³	Â	Â	Â	2.1 billion euros	Â	Â	Â	-28%
				3.1 billion dollars				-19%
				0.93 euros per share				-28%
				1.37 dollars per share				-19%
-- 2009 adjusted net income				7.8 billion euros				-44%
				10.9 billion dollars				-47%
-- 2009 net income (Group share)				8.4 billion euros				-20%

4Q09	Â	3Q09	Â	4Q08	Â	4Q09 vsvs 4Q084Q08	Â	in millions of euros except earnings per share and number of shares	Â	2009	Â	2008	Â	2009 vsvs 20082008
36,228		33,628		38,714		-6%		Sales		131,327		179,976		-27%
3,985		3,510		5,126		-22%		Adjusted operating income from business segments		14,154		28,114		-50%
2,071		1,808		2,942		-30%		Adjusted net operating income from business segments		7,607		13,961		-46%
1,948		1,501		1,995		-2%		= Upstream		6,382		10,724		-40%
51		146		770		-93%		= Downstream		953		2,569		-63%
72		161		177		-59%		= Chemicals		272		668		-59%
2,081		1,869		2,873		-28%		Adjusted net income		7,784		13,920		-44%
0.93		0.84		1.29		-28%		Adjusted fully-diluted earnings per share (euros)		3.48		6.20		-44%
2,241.4		2,236.8		2,235.5		-		Fully-diluted weighted-average shares (millions)		2,237.2		2,246.7		-
Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â
2,065		1,923		-794		n/a		Net income (Group share)		8,447		10,590		-20%
Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â
3,524		3,256		4,758		-26%		Investments ¹		13,349		13,640		-2%
3,419		3,169		4,565		-25%		Investments including net investments in equity affiliates and non-consolidated companies⁶		13,003		12,444		+4%
944		807		943		-		Divestments		3,081		2,585		+19%
1,889		4,538		4,093		-54%		Cash flow from operations		12,360		18,669		-34%
3,408		3,454		4,830		-29%		Adjusted cash flow from operations		13,471		19,601		-31%

4Q09	Â	3Q09	Â	4Q08	Â	4Q09 vsvs 4Q084Q08	Â	in millions of dollars ⁷ except earnings per share and number of shares	Â	2009	Â	2008	Â	2009 vsvs 20082008
53,541		48,098		51,025		+5%		Sales		183,175		264,709		-31%
5,889		5,020		6,756		-13%		Adjusted operating income from business segments		19,742		41,350		-52%
3,061		2,586		3,878		-21%		Adjusted net operating income from business segments		10,610		20,534		-48%
2,879		2,147		2,629		+10%		= Upstream		8,902		15,773		-44%
75		209		1,015		-93%		= Downstream		1,329		3,778		-65%
106		230		233		-55%		= Chemicals		379		982		-61%
3,076		2,673		3,787		-19%		Adjusted net income		10,857		20,474		-47%
1.37		1.20		1.69		-19%		Adjusted fully-diluted earnings per share (dollars)		4.85		9.11		-47%
2,241.4		2,236.8		2,235.5		-		Fully-diluted weighted-average shares (millions)		2,237.3		2,246,7		-
Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â
3,052		2,750		-1,046		n/a		Net income (Group share)		11,782		15,576		-24%
Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â
5,208		4,657		6,271		-17%		Investments⁶		18,619		20,062		-7%
5,053		4,533		6,017		-16%		Investmentsincluding net investments in equity affiliates and non-consolidated companies⁶		18,137		18,303		-1%
1,395		1,154		1,243		+12%		Divestments		4,297		3,802		+13%
2,792		6,491		5,395		-48%		Cash flow from operations		17,240		27,458		-37%
5,037		4,940		6,366		-21%		Adjusted cash flow from operations		18,789		28,829		-35%

Year-end reserves	Â	2009	Â	2008	Â	%
Hydrocarbon reserves (Mboe)		10,483		10,458		-
= Liquids (Mb)		5,689		5,695		-
= Gas (Bcf)		26,318		26,218		-

4Q09	Â	3Q09	Â	4Q08	Â	4Q09 vsvs 4Q084Q08	Â	Â	Â	2009	Â	2008	Â	2009 vsvs 20082008
2,055		2,142		2,371		-13%		Total refinery throughput (kb/d)		2,151		2,362		-9%
701		828		944		-26%		= France		836		956		-13%
1,104		1,045		1,146		-4%		= Rest of Europe		1,065		1,134		-6%
250		269		281		-11%		= Rest of world		250		272		-8%
								Utilization rates
75%		78%		90%				= Based on crude only		78%		88%
79%		82%		91%		Â		= Based on crude and other feedstock		83%		91%		Â

in millions of euros	Â	12/31/2009	Â	9/30/2009	Â	12/31/2008
Current borrowings		6,994		6,012		7,722
Net current financial assets		(188)		(160)		(29)
Non-current financial debt		19,437		19,146		16,191
Hedging instruments of non-current debt		(1,025)		(983)		(892)
Cash and cash equivalents		(11,662)		(13,775)		(12,321)
Net debt		13,556		10,240		10,671
Â		Â		Â		Â
Shareholdersâ€™ equity		52,552		49,620		48,992
Estimated dividend payable*		(2,546)		(1,273)		(2,540)
Minority interests		987		959		958
Equity		50,993		49,306		47,410
Â		Â		Â		Â
Net-debt-to-equity ratio		26.6%		20.8%		22.5%

Â	Â	Scenario	Â	Change	Â	Impact on adjusted operating income(e)	Â	Impact on adjusted net operating income(e)
Dollar		1.40 $/â‚¬		+0.1 $ per â‚¬		-1.1 Bâ‚¬		-0.6 Bâ‚¬
Brent		60 $/b		+1 $/b		+0.25 Bâ‚¬ / 0.35 B$		+0.11 Bâ‚¬ / 0.15 B$
European refining margins ERMI		15 $/t		+1 $/t		+0.07 Bâ‚¬ / 0.10 B$		+0.05 Bâ‚¬ / 0.07 B$

in millions of euros	Â	Upstream	Â	Downstream	Â	Chemicals**	Â	Segments	Â	Â	Â	Group***
Adjusted net operating income		6,382		953		272		7,607				8,226
Capital employed at 12/31/2008*		32,681		13,623		7,417		53,721				59,764
Capital employed at 12/31/2009*		37,397		15,299		6,898		59,594				64,451
ROACE		18.2%		6.6%		3.8%		13.4%				13.2%

Â	Â	â‚¬/$	Â	European refining margins ERMI* ($/t)**	Â	Brent ($/b)	Â	Average liquids price* ($/b)**	Â	Average gas price ($/Mbtu)***
Fourth quarter 2009		1.48		11.7		74.5		70.6		5.07
Third quarter 2009		1.43		12.0		68.1		65.1		4.89
Second quarter 2009		1.36		17.1		59.1		54.8		4.71
First quarter 2009		1.30		30.5		44.5		41.5		5.98
Fourth quarter 2008		1.32		40.9		55.5		49.4		7.57

CONSOLIDATED STATEMENT OF INCOME	Â		Â		Â
TOTAL
(unaudited)
						Â
(Mâ‚¬) ^(a)		4^th quarter 2009		3^rd quarter 2009		4^th quarter 2008
Sales		36,228		33,628		38,714
Excise taxes		(4,933)		(4,812)		(5,009)
Revenues from sales		31,295		28,816		33,705
Purchases, net of inventory variation		(20,590)		(18,940)		(26,393)
Other operating expenses		(4,684)		(4,508)		(5,122)
Exploration costs		(237)		(130)		(227)
Depreciation, depletion and amortization of tangible assets and mineral interests		(1,927)		(1,599)		(1,748)
Other income		123		70		94
Other expense		(202)		(95)		(123)
Financial interest on debt		(111)		(108)		(298)
Financial income from marketable securities & cash equivalents		16		21		117
Cost of net debt		(95)		(87)		(181)
Other financial income		177		67		243
Other financial expense		(92)		(90)		(95)
Equity in income (loss) of affiliates		384		398		31
Income taxes		(2,045)		(1,927)		(960)
Consolidated net income		2,107		1,975		(776)
Group share*		2,065		1,923		(794)
Minority interests		42		52		18
Earnings per share (â‚¬)		0.93		0.86		(0.36)
Fully-diluted earnings per share (â‚¬)**		0.92		0.86		(0.36)
Â		Â		Â		Â
* Adjusted net income		2,081		1,869		2,873
** Adjusted fully-diluted earnings per share (â‚¬)		0.93		0.84		1.29
(a) Except for per share amounts.

CONSOLIDATED BALANCE SHEET	Â		Â		Â
TOTAL
						Â
						Â
(Mâ‚¬)		December 31, 2009		September 30, 2009 (unaudited)		December 31, 2008
ASSETS
Non-current assets
Intangible assets, net		7,514		5,845		5,341
Property, plant and equipment, net		51,590		49,292		46,142
Equity affiliates : investments and loans		13,624		13,685		14,668
Other investments		1,162		1,187		1,165
Hedging instruments of non-current financial debt		1,025		983		892
Other non-current assets		3,081		3,179		3,044
Total non-current assets		77,996		74,171		71,252
						Â
Current assets
Inventories, net		13,867		12,002		9,621
Accounts receivable, net		15,719		14,198		15,287
Other current assets		8,198		8,141		9,642
Current financial assets		311		329		187
Cash and cash equivalents		11,662		13,775		12,321
Total current assets		49,757		48,445		47,058
Total assets		127,753		122,616		118,310
						Â
LIABILITIES & SHAREHOLDERS' EQUITY
						Â
Shareholders' equity
Common shares		5,871		5,869		5,930
Paid-in surplus and retained earnings		55,372		53,136		52,947
Currency translation adjustment		(5,069)		(5,744)		(4,876)
Treasury shares		(3,622)		(3,641)		(5,009)
Total shareholders' equity - Group Share		52,552		49,620		48,992
Minority interests		987		959		958
Total shareholders' equity		53,539		50,579		49,950
						Â
Non-current liabilities
Deferred income taxes		8,948		8,894		7,973
Employee benefits		2,040		2,013		2,011
Provisions and other non-current liabilities		9,381		7,936		7,858
Total non-current liabilities		20,369		18,843		17,842
Non-current financial debt		19,437		19,146		16,191
Current liabilities
Accounts payable		15,383		13,916		14,815
Other creditors and accrued liabilities		11,908		13,951		11,632
Current borrowings		6,994		6,012		7,722
Other current financial liabilities		123		169		158
Total current liabilities		34,408		34,048		34,327
Total Liabilities and shareholders' equity		127,753		122,616		118,310

CONSOLIDATED STATEMENT OF CASH FLOW	Â		Â		Â
TOTAL
(unaudited)
						Â
(Mâ‚¬)		4^th quarter 2009		3^rd quarter 2009		4^th quarter 2008
CASH FLOW FROM OPERATING ACTIVITIES
Consolidated net income		2,107		1,975		(776)
Depreciation, depletion and amortization		2,061		1,673		1,853
Non-current liabilities, valuation allowances and deferred taxes		(82)		310		(435)
Impact of coverage of pension benefit plans		-		-		(505)
(Gains) losses on sales of assets		(104)		(50)		(28)
Undistributed affiliates' equity earnings		(148)		(232)		263
(Increase) decrease in working capital		(1,968)		870		3,635
Other changes, net		23		(8)		86
Cash flow from operating activities		1,889		4,538		4,093
						Â
CASH FLOW USED IN INVESTING ACTIVITIES
						Â
Intangible assets and property, plant and equipment additions		(3,204)		(2,849)		(3,987)
Acquisitions of subsidiaries, net of cash acquired		(4)		-		(368)
Investments in equity affiliates and other securities		(52)		(133)		(136)
Increase in non-current loans		(264)		(274)		(267)
Total expenditures		(3,524)		(3,256)		(4,758)
Proceeds from disposal of intangible assets and property, plant and equipment		19		4		73
Proceeds from disposal of subsidiaries, net of cash sold		-		-		-
Proceeds from disposal of non-current investments		802		698		659
Repayment of non-current loans		123		105		211
Total divestments		944		807		943
Cash flow used in investing activities		(2,580)		(2,449)		(3,815)
						Â
CASH FLOW (FROM)/USED FINANCING ACTIVITIES
						Â
Issuance (repayment) of shares:
- Parent company shareholders		22		5		4
- Treasury shares		19		1		(144)
- Minority shareholders		-		-		6
Cash dividends paid:
- Parent company shareholders		(2,545)		-		(2,541)
- Minority shareholders		(59)		15		(86)
Net issuance (repayment) of non-current debt		1,285		(617)		(435)
Increase (decrease) in current borrowings		(109)		(1,948)		2,244
Increase (decrease) in current financial assets and liabilities		(54)		-		29
Cash flow (from) / used in financing activities	Â	(1,441)	Â	(2,544)	Â	(923)
Net increase (decrease) in cash and cash equivalents		(2,132)		(455)		(645)
Effect of exchange rates		19		(69)		(265)
Cash and cash equivalents at the beginning of the period		13,775		14,299		13,231
Cash and cash equivalents at the end of the period	Â	11,662	Â	13,775	Â	12,321

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY											Â		Â		Â		Â
TOTAL	Â		Â		Â		Â		Â
Â		Â		Â		Â		Â		Â		Â		Â		Â		Â
		Common shares issued				Paid-in surplus and retained earnings		Currency translation adjustment		Treasury shares				Shareholders' equity Group Share		Minority interests		Total shareholders' equity
(Mâ‚¬)		Number		Amount		Â		Â		Number		Amount		Â		Â		Â
As of January 1, 2008		2,395,532,097		5,989		48,797		(4,396)		(151,421,232)		(5,532)		44,858		842		45,700
Net income 2008		-		-		10,590		-		-		-		10,590		363		10,953
Other comprehensive Income		-		-		(258)		(480)		-		-		(738)		(34)		(772)
Comprehensive Income		-		-		10,332		(480)		-		-		9,852		329		10,181
Dividend		-		-		(4,945)		-		-		-		(4,945)		(213)		(5,158)
Issuance of common shares		6,275,977		16		246		-		-		-		262		-		262
Purchase of treasury shares		-		-		-		-		(27,600,000)		(1,339)		(1,339)		-		(1,339)
Sale of treasury shares (1)		-		-		(71)		-		5,939,137		221		150		-		150
Share-based payments		-		-		154		-		-		-		154		-		154
Other operations with minority interests		-		-		-		-		-		-		-		-		-
Share cancellation		(30,000,000)		(75)		(1,566)		-		30,000,000		1,641		-		-		-
Transactions with shareholders		(23,724,023)		(59)		(6,182)		-		8,339,137		523		(5,718)		(213)		(5,931)
As of December 31, 2008		2,371,808,074		5,930		52,947		(4,876)		(143,082,095)		(5,009)		48,992		958		49,950
Net income 2009		-		-		8,447		-		-		-		8,447		182		8,629
Other comprehensive Income		-		-		246		(193)		-		-		53		60		113
Comprehensive Income		-		-		8,693		(193)		-		-		8,500		242		8,742
Dividend		-		-		(5,086)		-		-		-		(5,086)		(189)		(5,275)
Issuance of common shares		1,414,810		3		38		-		-		-		41		-		41
Purchase of treasury shares		-		-		-		-		-		-		-		-		-
Sale of treasury shares (1)		-		-		(143)		-		2,874,905		165		22		-		22
Share-based payments		-		-		106		-		-		-		106		-		106
Other operations with minority interests		-		-		(23)		-		-		-		(23)		(24)		(47)
Share cancellation		(24,800,000)		(62)		(1,160)		-		24,800,000		1,222		-		-		-
Transactions with shareholders		(23,385,190)		(59)		(6,268)		-		27,674,905		1,387		(4,940)		(213)		(5,153)
As of December 31, 2009		2,348,422,884		5,871		55,372		(5,069)		(115,407,190)		(3,622)		52,552		987		53,539
																		Â
(1) Treasury shares related to the stock option purchase plans and restricted stock grants

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ^(a)			Â
TOTAL	Â
				Â
				Â
(Mâ‚¬)		Year 2009		Year 2008
Net income		8,629		10,953
Other comprehensive income
Currency translation adjustment		(244)		(722)
Available for sale financial assets		38		(254)
Cash flow hedge		128		-
Share of other comprehensive income of associates, net amount		234		173
Other		(5)		1
				Â
Tax effect		(38)		30
Total other comprehensive income (net amount)		113		(772)
Â		Â		Â
Comprehensive income		8,742		10,181
- Group share		8,500		9,852
- Minority interests		242		329
				Â
(a) In accordance with revised IAS 1, applicable from January 1, 2009.

BUSINESS SEGMENT INFORMATION	Â		Â		Â		Â		Â		Â
TOTAL
(unaudited)
Â		Â		Â		Â		Â		Â		Â
4^th quarter 2009 (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales		4,880		27,423		3,932		(7)		-		36,228
Intersegment sales		4,460		1,217		218		41		(5,936)		-
Excise taxes		-		(4,933)		-		-		-		(4,933)
Revenues from sales		9,340		23,707		4,150		34		(5,936)		31,295
Operating expenses		(4,299)		(23,046)		(3,912)		(190)		5,936		(25,511)
Depreciation, depletion and amortization of tangible assets and mineral interests		(1,154)		(622)		(141)		(10)		-		(1,927)
Operating income		3,887		39		97		(166)		-		3,857
Equity in income (loss) of affiliates and other items		155		(4)		44		195		-		390
Tax on net operating income		(2,188)		(1)		(20)		129		-		(2,080)
Net operating income		1,854		34		121		158		-		2,167
Net cost of net debt												(60)
Minority interests		Â		Â		Â		Â		Â		(42)
Net income												2,065
Â		Â		Â		Â		Â		Â		Â
4^th quarter 2009 (adjustments) ^(a) (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales
Intersegment sales
Excise taxes		Â		Â		Â		Â		Â		Â
Revenues from sales
Operating expenses		(17)		313		25		-				321
Depreciation, depletion and amortization of tangible assets and mineral interests		(4)		(285)		6		-		Â		(283)
Operating income^(b)		(21)		28		31		-				38
Equity in income (loss) of affiliates and other items^(c)		(90)		(22)		23		46				(43)
Tax on net operating income		17		(23)		(5)		(2)		Â		(13)
Net operating income^(b)		(94)		(17)		49		44				(18)
Net cost of net debt												-
Minority interests		Â		Â		Â		Â		Â		(2)
Net income												(16)
												Â
(a) Adjustments include special items, inventory valuation effect and equity share of adjustments and selected items related to Sanofi-Aventis.
(b) Of which inventory valuation effect		Â		Â		Â		Â		Â		Â
On operating income		-		388		61		-
On net operating income		-		259		38		-
(c) Of which equity share of adjustments and selected items related to Sanofi-Aventis		-		-		-		(48)		Â		Â
												Â
4^thquarter 2009 (adjusted) (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales		4,880		27,423		3,932		(7)		-		36,228
Intersegment sales		4,460		1,217		218		41		(5,936)		-
Excise taxes		-		(4,933)		-		-		-		(4,933)
Revenues from sales		9,340		23,707		4,150		34		(5,936)		31,295
Operating expenses		(4,282)		(23,359)		(3,937)		(190)		5,936		(25,832)
Depreciation, depletion and amortization of tangible assets and mineral interests		(1,150)		(337)		(147)		(10)		-		(1,644)
Adjusted operating income		3,908		11		66		(166)		-		3,819
Equity in income (loss) of affiliates and other items		245		18		21		149		-		433
Tax on net operating income		(2,205)		22		(15)		131		-		(2,067)
Adjusted net operating income		1,948		51		72		114		-		2,185
Net cost of net debt												(60)
Minority interests		Â		Â		Â		Â		Â		(44)
Ajusted net income												2,081
Â		Â		Â		Â		Â		Â		Â
4^thquarter 2009 (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Total expenditures		2,429		844		225		26				3,524
Total divestments		77		48		20		799				944
Cash flow from operating activities		2,825		(1,400)		324		140		Â		1,889

4Q09	Â	3Q09	Â	4Q08	Â	4Q09 vsvs 4Q084Q08	Â	in millions of euros	Â	2009	Â	2008	Â	2009 vsvs 20082008
3,932		3,892		4,012		-2%		Sales		14,726		20,150		-27%
2,389		2,326		2,449		-2%		Base chemicals		8,655		13,176		-34%
1,543		1,566		1,563		-1%		Specialties		6,071		6,974		-13%
Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â
66		191		254		-74%		Adjusted operating income*		249		873		-71%
72		161		177		-59%		Adjusted net operating income*		272		668		-59%
-16		53		109		n/a		Base chemicals		16		323		-95%
93		111		55		+69%		Specialties		279		339		-18%
Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â	Â
225		112		477		-53%		Investments		631		1,074		-41%
20		13		20		-		Divestments		47		53		-11%
324		300		939		-65%		Cash flow from operating activities		1,082		920		+18%
218		244		323		-33%		Adjusted cash flow		442		1,093		-60%

4Q09	Â	3Q09	Â	4Q08	Â	4Q09 vsvs 4Q084Q08	Â	Combined liquids and gas production by region (kboe/d)	Â	2009	Â	2008	Â	2009 vsvs 20082008
627		569		684		-8%		Europe		613		616		-
780		762		746		+5%		Africa		749		783		-4%
41		31		13		x3.2		North America		24		14		+71%
242		259		241		-		Far East		251		246		+2%
493		419		426		+16%		Middle East		438		432		+1%
167		183		217		-23%		South America		182		224		-19%
27		20		27		-		Rest of world		24		26		-8%
2,377		2,243		2,354		+1%		Total production		2,281		2,341		-3%
393		351		400		-2%		Includes equity and non-consolidated affiliates		359		403		-11%

4Q09	Â	3Q09	Â	4Q08	Â	4Q09 vsvs 4Q084Q08	Â	Liquids production by region (kb/d)	Â	2009	Â	2008	Â	2009 vsvs 20082008
306		279		321		-5%		Europe		295		302		-2%
648		647		618		+5%		Africa		632		654		-3%
30		27		12		x2.5		North America		20		11		+82%
31		33		31		-		Far East		33		29		+14%
304		300		320		-5%		Middle East		307		329		-7%
68		79		118		-42%		South America		80		119		-33%
17		14		14		+21%		Rest of world		14		12		+17%
1,404		1,379		1,434		-2%		Total production		1,381		1,456		-5%
276		286		341		-19%		Includes equity and non-consolidated affiliates		286		347		-18%

4Q09	Â	3Q09	Â	4Q08	Â	4Q09 vsvs 4Q084Q08	Â	Gas production by region (Mcf/d)	Â	2009	Â	2008	Â	2009 vsvs 20082008
1,736		1,580		1,957		-11%		Europe		1,734		1,704		+2%
681		583		658		+3%		Africa		599		659		-9%
53		19		8		x6.6		North America		22		15		+47%
1,196		1,276		1,280		-7%		Far East		1,228		1,236		-1%
1,050		657		604		+74%		Middle East		724		569		+27%
546		575		550		-1%		South America		564		579		-3%
58		36		70		-17%		Rest of world		52		75		-31%
5,320		4,726		5,127		+4%		Total production		4,923		4,837		+2%
635		355		316		x2		Includes equity and non-consolidated affiliates		395		298		+33%

BUSINESS SEGMENT INFORMATION	Â		Â		Â		Â		Â		Â
TOTAL
												Â
Â		Â		Â		Â		Â		Â		Â
Year 2009 (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales		16,072		100,518		14,726		11		-		131,327
Intersegment sales		15,958		3,786		735		156		(20,635)		-
Excise taxes		-		(19,174)		-		-		-		(19,174)
Revenues from sales		32,030		85,130		15,461		167		(20,635)		112,153
Operating expenses		(14,752)		(81,281)		(14,293)		(656)		20,635		(90,347)
Depreciation, depletion and amortization of tangible assets and mineral interests		(4,420)		(1,612)		(615)		(35)		-		(6,682)
Operating income		12,858		2,237		553		(524)		-		15,124
Equity in income (loss) of affiliates and other items		846		169		(58)		697		-		1,654
Tax on net operating income		(7,486)		(633)		(92)		326		-		(7,885)
Net operating income		6,218		1,773		403		499		-		8,893
Net cost of net debt												(264)
Minority interests		Â		Â		Â		Â		Â		(182)
Net income												8,447
Â		Â		Â		Â		Â		Â		Â
Year 2009 (adjustments) ^(a) (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales
Intersegment sales
Excise taxes		Â		Â		Â		Â		Â		Â
Revenues from sales
Operating expenses		(17)		1,558		344		-				1,885
Depreciation, depletion and amortization of tangible assets and mineral interests		(4)		(347)		(40)		-		Â		(391)
Operating income^(b)		(21)		1,211		304		-				1,494
Equity in income (loss) of affiliates and other items^(c)		(160)		22		(123)		(117)				(378)
Tax on net operating income		17		(413)		(50)		(3)		Â		(449)
Net operating income^(b)		(164)		820		131		(120)				667
Net cost of net debt												-
Minority interests		Â		Â		Â		Â		Â		(4)
Net income												663
												Â
(a) Adjustments include special items, inventory valuation effect and equity share of adjustments and selected items related to Sanofi-Aventis. Â		Â		Â		Â		Â		Â		Â
(b) Of which inventory valuation effect
On operating income		-		1,816		389		-
On net operating income		-		1,285		254		-
(c) Of which equity share of adjustments and selected items related to Sanofi-Aventis		-		-		-		(300)		Â		Â
												Â
Year 2009 (adjusted) (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales		16,072		100,518		14,726		11		-		131,327
Intersegment sales		15,958		3,786		735		156		(20,635)		-
Excise taxes		-		(19,174)		-		-		-		(19,174)
Revenues from sales		32,030		85,130		15,461		167		(20,635)		112,153
Operating expenses		(14,735)		(82,839)		(14,637)		(656)		20,635		(92,232)
Depreciation, depletion and amortization of tangible assets and mineral interests		(4,416)		(1,265)		(575)		(35)		-		(6,291)
Adjusted operating income		12,879		1,026		249		(524)		-		13,630
Equity in income (loss) of affiliates and other items		1,006		147		65		814		-		2,032
Tax on net operating income		(7,503)		(220)		(42)		329		-		(7,436)
Adjusted net operating income		6,382		953		272		619		-		8,226
Net cost of net debt												(264)
Minority interests		Â		Â		Â		Â		Â		(178)
Ajusted net income												7,784
Â		Â		Â		Â		Â		Â		Â
Year 2009 (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Total expenditures		9,855		2,771		631		92				13,349
Total divestments		398		133		47		2,503				3,081
Cash flow from operating activities		10,200		1,164		1,082		(86)		Â		12,360

BUSINESS SEGMENT INFORMATION	Â		Â		Â		Â		Â		Â
TOTAL
												Â
Â		Â		Â		Â		Â		Â		Â
Year 2008 (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales		24,256		135,524		20,150		46		-		179,976
Intersegment sales		25,132		5,574		1,252		120		(32,078)		-
Excise taxes		-		(19,645)		-		-		-		(19,645)
Revenues from sales		49,388		121,453		21,402		166		(32,078)		160,331
Operating expenses		(21,915)		(119,425)		(20,942)		(685)		32,078		(130,889)
Depreciation, depletion and amortization of tangible assets and mineral interests		(4,005)		(1,202)		(518)		(30)		-		(5,755)
Operating income		23,468		826		(58)		(549)		-		23,687
Equity in income (loss) of affiliates and other items		1,541		(158)		(34)		590		-		1,939
Tax on net operating income		(14,563)		(143)		76		315		-		(14,315)
Net operating income		10,446		525		(16)		356		-		11,311
Net cost of net debt												(358)
Minority interests		Â		Â		Â		Â		Â		(363)
Net income												10,590
Â		Â		Â		Â		Â		Â		Â
Year 2008 (adjustments) ^(a) (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales
Intersegment sales
Excise taxes		Â		Â		Â		Â		Â		Â
Revenues from sales		-		-		-		-				-
Operating expenses		-		(2,776)		(925)		-				(3,701)
Depreciation, depletion and amortization of tangible assets and mineral interests		(171)		-		(6)		-		Â		(177)
Operating income^(b)		(171)		(2,776)		(931)		-				(3,878)
Equity in income (loss) of affiliates and other items^(c)		(164)		(195)		(82)		(345)				(786)
Tax on net operating income		57		927		329		(2)		Â		1,311
Net operating income^(b)		(278)		(2,044)		(684)		(347)				(3,353)
Net cost of net debt												-
Minority interests		Â		Â		Â		Â		Â		23
Net income												(3,330)
												Â
(a) Adjustments include special items, inventory valuation effect and equity share of adjustments related to Sanofi-Aventis. Â
(b) Of which inventory valuation effect
On operating income		-		(2,776)		(727)		-
On net operating income		-		(1,971)		(504)		-
(c) Of which equity share of adjustments related to Sanofi-Aventis		-		-		-		(393)		Â		Â
												Â
Year 2008 (adjusted) (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Non-Group sales		24,256		135,524		20,150		46		-		179,976
Intersegment sales		25,132		5,574		1,252		120		(32,078)		-
Excise taxes		-		(19,645)		-		-		-		(19,645)
Revenues from sales		49,388		121,453		21,402		166		(32,078)		160,331
Operating expenses		(21,915)		(116,649)		(20,017)		(685)		32,078		(127,188)
Depreciation, depletion and amortization of tangible assets and mineral interests		(3,834)		(1,202)		(512)		(30)		-		(5,578)
Adjusted operating income		23,639		3,602		873		(549)		-		27,565
Equity in income (loss) of affiliates and other items		1,705		37		48		935		-		2,725
Tax on net operating income		(14,620)		(1,070)		(253)		317		-		(15,626)
Adjusted net operating income		10,724		2,569		668		703		-		14,664
Net cost of net debt												(358)
Minority interests		Â		Â		Â		Â		Â		(386)
Ajusted net income												13,920
Â		Â		Â		Â		Â		Â		Â
Year 2008 (Mâ‚¬)		Upstream		Downstream		Chemicals		Corporate		Intercompany		Total
Total expenditures		10,017		2,418		1,074		131				13,640
Total divestments		1,130		216		53		1,186				2,585
Cash flow from operating activities		13,765		3,111		920		873		Â		18,669

CONSOLIDATED STATEMENT OF INCOME (Impact of adjustments)			Â		Â
TOTAL	Â
(unaudited)
						Â
4^th quarter 2009 (Mâ‚¬)		Adjusted		Adjustments		Consolidated statement of income
Sales		36,228		-		36,228
Excise taxes		(4,933)		-		(4,933)
Revenues from sales		31,295		-		31,295
Purchases net of inventory variation		(21,039)		449		(20,590)
Other operating expenses		(4,556)		(128)		(4,684)
Exploration costs		(237)		-		(237)
Depreciation, depletion and amortization of tangible assets and mineral interests		(1,644)		(283)		(1,927)
Other income		29		94		123
Other expense		(148)		(54)		(202)
						Â
Financial interest on debt		(111)		-		(111)
Financial income from marketable securities & cash equivalents		16		-		16
Cost of net debt		(95)		-		(95)
						Â
Other financial income		177		-		177
Other financial expense		(92)		-		(92)
						Â
Equity in income (loss) of affiliates		467		(83)		384
						Â
Income taxes		(2,032)		(13)		(2,045)
Consolidated net income		2,125		(18)		2,107
Group share		2,081		(16)		2,065
Minority interests		44		(2)		42
						Â
						Â
4^th quarter 2008 (Mâ‚¬)		Adjusted		Adjustments		Consolidated statement of income
Sales		38,714		-		38,714
Excise taxes		(5,009)		-		(5,009)
Revenues from sales		33,705		-		33,705
Purchases net of inventory variation		(22,021)		(4,372)		(26,393)
Other operating expenses		(4,924)		(198)		(5,122)
Exploration costs		(227)		-		(227)
Depreciation, depletion and amortization of tangible assets and mineral interests		(1,571)		(177)		(1,748)
Other income		77		17		94
Other expense		(18)		(105)		(123)
						Â
Financial interest on debt		(298)		-		(298)
Financial income from marketable securities & cash equivalents		117		-		117
Cost of net debt		(181)		-		(181)
						Â
Other financial income		243		-		243
Other financial expense		(95)		-		(95)
						Â
Equity in income (loss) of affiliates		470		(439)		31
						Â
Income taxes		(2,532)		1,572		(960)
Consolidated net income		2,926		(3,702)		(776)
Group share		2,873		(3,667)		(794)
Minority interests		53		(35)		18