16th Apr 2012 07:30
TOTAL : Reorganization of Downstream and Chemicals Segments
Refining & Chemicals and Supply & Marketing 2010 and 2011 financial informational extract
TOTAL (Paris:FP) (LSE:TTA) (NYSE:TOT):
In October 2011, the Group announced a proposed reorganization of its Downstream and Chemicals segments. The reorganization became effective on January 1, 2012.
This project led to organizational changes, with the creation of:
Refining & Chemicals, a large industrial segment encompassing refining, petrochemicals, fertilizers and specialty chemicals operations. This segment also includes oil trading and shipping activities; Supply & Marketing, a commercial segment dedicated to worldwide supply and marketing activities of oil products.Beginning with the first quarter of 2012, this new organization will be reflected in the presentation of the Group's financial statements. Attached is an informational extract for the full years 2010 and 2011 and quarterly 2011 to facilitate an understanding of the relative financial status of Refining & Chemicals and Supply & Marketing.
The organization of Holding and Upstream segments, including the Exploration & Production and Gas & Power divisions, remains unchanged. To confirm, this informational extract does not address these divisions, as they are not impacted by the new Downstream and Chemicals organization.
Martin DEFFONTAINESLaurent KETTENMEYERMatthieu GOTKarine KACZKATel. :33 (1) 47 44 58 53Fax : 33 (1) 47 44 58 24orRobert HAMMOND (U.S.)Tel. : (1) 713-483-5070Fax : (1) 713-483-5629orwww.total.com
Copyright Business Wire 2012
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