Total Raises Its 2008 Interim Dividend by 14% t...
Total S.A.
Regulatory News:
The Board of Directors of Total (Paris:FP) (LSE:TTA) (NYSE:TOT), led by Chairman
Thierry Desmarest, met on September 9, 2008.
Confident in the outlook for Total's results, the Board approved the 2008
interim dividend(1) of 1.14 euros per share, an increase of 14% compared to the
interim dividend paid in November 2007.
With its view of the supply-demand balance and other elements that should
support the price of oil over the medium term, Total reaffirms its policy of
sustained investment oriented toward long-term projects on the main growing
segments in the petroleum chain.
Total's asset portfolio, its ability to manage major projects and to negotiate
strategic partnerships are among the strengths that should allow it to create
value over the long term.
Total is also expanding its R&D program and expects to commit 5.5 billion euros
from now through 2013 mainly to find new solutions for improving the efficiency
of its industrial sites and products, accelerating its growth in new energies
and contributing to the fight against global climate change.
In conclusion, CEO Christophe de Margerie said :
« Maintaining strong investment discipline, the ability to anticipate changes in
the environment and to enhance the acceptability of our presence and operations
in countries where we invest are among the strengths that should allow us to
create sustainable value. »
Total is one of the world's major oil and gas groups, with activities in more
than 130 countries. Its 96,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas & power and trading. Total is working to keep the
world supplied with energy, both today and tomorrow. The Group is also a first
rank player in chemicals. www.total.com
(1) the ex-dividend date will be November 14, 2008 and the payment date will be
November 19, 2008
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*T
CONTACT: Total
Jérôme Schmitt
Philippe Hergaux
Sandrine Saboureau
Laurent Kettenmeyer
Tel. : 33 (1) 47 44 58 53
Fax : 33 (1) 47 44 58 24
or
U.S.:
Robert Hammond, 1-201 626 3500
Fax : (1) 201 626 4004
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