16th Apr 2012 07:20
TOTAL (Paris:FP) (LSE:TTA) (NYSE:TOT):
Chart updated around the middle of the month following the end of each quarter
| €/$ | European refining | Brent ($/b) | Average liquids price*** ($/b) | Average gas price ($/Mbtu)*** | |||||||
| margins ERMI* ($/t)** | |||||||||||
| First quarter 2012 | 1.31 | 20.9 | 118.6 | 115.2 | 7.16 | ||||||
| Fourth quarter 2011 | 1.35 | 15.1 | 109.3 | 104.3 | 6.79 | ||||||
| Third quarter 2011 | 1.41 | 13.4 | 113.4 | 106.8 | 6.56 | ||||||
| Second quarter 2011 | 1.44 | 16.3 | 117.0 | 110.6 | 6.60 | ||||||
| First quarter 2011 | 1.37 | 24.6 | 105.4 | 99.5 | 6.19 |
* European Refining Margin Indicator (ERMI) is an indicator intended to represent the margin after variable costs for a hypothetical complex refinery located around Rotterdam in Northern Europe that processes a mix of crude oil and other inputs commonly supplied to this region to produce and market the main refined products at prevailing prices in this region. - The indicator margin may not be representative of the actual margins achieved by Total in any period because of Total's particular refinery configurations, product mix effects or other company-specific operating conditions.
** 1 $/t = 0.136 $/b
*** consolidated subsidiaries, excluding fixed margin and buy-back contracts. Beginning with the first quarter of 2012, includes hydrocarbon production overlifting / underlifting position valued at market price.
Disclaimer : these data are based on Total's reporting and are not audited. They are subject to change.
Copyright Business Wire 2012
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