16

CONSOLIDATED STATEMENT OF INCOME

TOTAL

(unaudited)

4th quarter 3rd quarter 4th quarter

(M$)
(a) 2017 2017 2016

Sales 47,351 43,044 42,275

Excise taxes (5,909) (5,962) (5,408)
Revenues from sales 41,442 37,082 36,867

Purchases, net of inventory variation (27,659) (24,367) (23,967)

Other operating expenses (6,586) (6,108) (6,791)
Exploration costs (287) (181) (260)
Depreciation, depletion and impairment of tangible assets and mineral interests (5,691) (3,035) (4,939)
Other income 512 404 337
Other expense (570) (67) (473)

Financial interest on debt (352) (368) (299)

Financial income and expense from cash & cash equivalents (45) (45) (2)
Cost of net debt (397) (413) (301)

Other financial income 240 204 203

Other financial expense (159) (164) (161)

Net income (loss) from equity affiliates 657 500 409

Income taxes (772) (1,092) (437)

Consolidated net income 730 2,763 487
Group share 1,021 2,724 548
Non-controlling interests (291) 39 (61)
Earnings per share ($) 0.37 1.06 0.20
Fully-diluted earnings per share ($) 0.37 1.06 0.20
(a)
Except for per share amounts.
 16
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TOTAL

(unaudited)

th rd th
4 quarter 3 quarter 4 quarter
(M$) 2017 2017 2016

Consolidated net income 730 2,763 487

Other comprehensive income

Actuarial gains and losses 794 (129) 205

Tax effect (373) 36 (64)
Currency translation adjustment generated by the parent company 1,432 2,420 (3,515)
Items not potentially reclassifiable to profit and loss 1,853 2,327 (3,374)
Currency translation adjustment (585) (575) 619
Available for sale financial assets 3 4 3
Cash flow hedge 174 116 94
Share of other comprehensive income of equity affiliates, net amount (5) (209) 458
Other - - 1
Tax effect (49) (42) (32)
Items potentially reclassifiable to profit and loss (462) (706) 1,143
Total other comprehensive income (net amount) 1,391 1,621 (2,231)

Comprehensive income 2,121 4,384 (1,744)

Group share 2,385 4,346 (1,676)
Non-controlling interests (264) 38 (68)
 16
CONSOLIDATED STATEMENT OF INCOME
TOTAL

Year Year
2017 2016
(M$) (a)

Sales 171,493 149,743

Excise taxes (22,394) (21,818)
Revenues from sales 149,099 127,925

Purchases, net of inventory variation (99,411) (83,377)

Other operating expenses (24,966) (24,302)
Exploration costs (864) (1,264)
Depreciation, depletion and impairment of tangible assets and mineral interests (16,103) (13,523)
Other income 3,811 1,299
Other expense (1,034) (1,027)

Financial interest on debt (1,396) (1,108)

Financial income and expense from cash & cash equivalents (138) 4
Cost of net debt (1,534) (1,104)

Other financial income 957 971

Other financial expense (642) (636)

Net income (loss) from equity affiliates 2,015 2,214

Income taxes (3,029) (970)

Consolidated net income 8,299 6,206
Group share 8,631 6,196
Non-controlling interests (332) 10
Earnings per share ($) 3.36 2.52
Fully-diluted earnings per share ($) 3.34 2.51
(a)
Except for per share amounts.
 16
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

TOTAL

Year Year
2017 2016
(M$)

Consolidated net income 8,299 6,206

Other comprehensive income

Actuarial gains and losses 823 (371)

Tax effect (390) 55
Currency translation adjustment generated by the parent company 9,316 (1,548)
Items not potentially reclassifiable to profit and loss 9,749 (1,864)
Currency translation adjustment (2,578) (1,098)
Available for sale financial assets 7 4
Cash flow hedge 324 239
Share of other comprehensive income of equity affiliates, net amount (677) 935
Other - 1
Tax effect (100) (76)
Items potentially reclassifiable to profit and loss (3,024) 5
Total other comprehensive income (net amount) 6,725 (1,859)

Comprehensive income 15,024 4,347

Group share 15,312 4,336
Non-controlling interests (288) 11
 16
CONSOLIDATED BALANCE SHEET
TOTAL

(unaudited)

December 31, September 30, December 31,

2017 2017 2016
(M$) (unaudited) (unaudited) (unaudited)

ASSETS

Non-current assets
Intangible assets, net 14,587 14,891 15,362
Property, plant and equipment, net 109,397 113,491 111,971
Equity affiliates : investments and loans 22,103 22,130 20,576
Other investments 1,727 1,124 1,133
Non-current financial assets 679 626 908
Deferred income taxes 5,206 5,345 4,368
Other non-current assets 3,984 4,291 4,143

Total non-current assets 157,683 161,898 158,461

Current assets
Inventories, net 16,520 14,769 15,247
Accounts receivable, net 14,893 13,738 12,213
Other current assets 14,210 13,944 14,835
Current financial assets 3,393 2,579 4,548
Cash and cash equivalents 33,185 28,583 24,597
Assets classified as held for sale 2,747 997 1,077

Total current assets 84,948 74,610 72,517

Total assets 242,631 236,508 230,978

LIABILITIES & SHAREHOLDERS' EQUITY

Shareholders' equity
Common shares 7,882 7,806 7,604
Paid-in surplus and retained earnings 112,040 111,128 105,547
Currency translation adjustment (7,908) (8,675) (13,871)
Treasury shares (458) (458) (600)

Total shareholders' equity - Group share 111,556 109,801 98,680

Non-controlling interests 2,481 2,799 2,894

Total shareholders' equity 114,037 112,600 101,574

Non-current liabilities
Deferred income taxes 10,828 11,326 11,060
Employee benefits 3,735 4,384 3,746
Provisions and other non-current liabilities 15,986 17,140 16,846
Non-current financial debt 41,340 40,226 43,067

Total non-current liabilities 71,889 73,076 74,719

Current liabilities
Accounts payable 26,479 21,092 23,227
Other creditors and accrued liabilities 17,779 17,740 16,720
Current borrowings 11,096 11,206 13,920
Other current financial liabilities 245 273 327
Liabilities directly associated with the assets classified as held for sale 1,106 521 491

Total current liabilities 56,705 50,832 54,685

Total liabilities & shareholders' equity 242,631 236,508 230,978

 16
CONSOLIDATED STATEMENT OF CASH FLOW
TOTAL

(unaudited)

th
4 quarter 3rd quarter 4th quarter
2017 2017 2016
(M$)

CASH FLOW FROM OPERATING ACTIVITIES

Consolidated net income 730 2,763 487

Depreciation, depletion, amortization and impairment 5,857 3,164 5,030
Non-current liabilities, valuation allowances and deferred taxes (44) (93) (275)
(Gains) losses on disposals of assets (71) (144) 58
Undistributed affiliates' equity earnings (54) (110) 65
(Increase) decrease in working capital 2,206 (1,057) 1,913
Other changes, net (9) (160) (260)
Cash flow from operating activities 8,615 4,363 7,018

CASH FLOW USED IN INVESTING ACTIVITIES

Intangible assets and property, plant and equipment additions (4,662) (3,104) (5,742)
Acquisitions of subsidiaries, net of cash acquired (3) (472) 118
Investments in equity affiliates and other securities (231) (181) (74)
Increase in non-current loans (207) (153) (157)
Total expenditures (5,103) (3,910) (5,855)
Proceeds from disposals of intangible assets and property, plant and equipment 901 55 413
Proceeds from disposals of subsidiaries, net of cash sold 213 - -
Proceeds from disposals of non-current investments 5 147 3
Repayment of non-current loans 348 337 511
Total divestments 1,467 539 927
Cash flow used in investing activities (3,636) (3,371) (4,928)

CASH FLOW USED IN FINANCING ACTIVITIES

Issuance (repayment) of shares:

- Parent company shareholders 33 65 60
- Treasury shares - - -
Dividends paid:
- Parent company shareholders (643) - (534)
- Non-controlling interests (54) (11) (16)
Issuance of perpetual subordinated notes - - 2,761
Payments on perpetual subordinated notes (57) - -
Other transactions with non-controlling interests (2) (2) -
Net issuance (repayment) of non-current debt 1,531 400 (105)
Increase (decrease) in current borrowings (878) (3,717) (335)
Increase (decrease) in current financial assets and liabilities (916) 1,182 (3,006)
Cash flow used in financing activities (986) (2,083) (1,175)
Net increase (decrease) in cash and cash equivalents 3,993 (1,091) 915
Effect of exchange rates 609 954 (1,119)
Cash and cash equivalents at the beginning of the period 28,583 28,720 24,801
Cash and cash equivalents at the end of the period 33,185 28,583 24,597
 16
CONSOLIDATED STATEMENT OF CASH FLOW
TOTAL

Year Year
2017 2016
(M$)

CASH FLOW FROM OPERATING ACTIVITIES

Consolidated net income 8,299 6,206

Depreciation, depletion, amortization and impairment 16,611 14,423
Non-current liabilities, valuation allowances and deferred taxes (384) (1,559)
(Gains) losses on disposals of assets (2,598) (263)
Undistributed affiliates' equity earnings 42 (643)
(Increase) decrease in working capital 827 (1,119)
Other changes, net (478) (524)
Cash flow from operating activities 22,319 16,521

CASH FLOW USED IN INVESTING ACTIVITIES

Intangible assets and property, plant and equipment additions (13,767) (18,106)
Acquisitions of subsidiaries, net of cash acquired (800) (1,123)
Investments in equity affiliates and other securities (1,368) (180)
Increase in non-current loans (961) (1,121)
Total expenditures (16,896) (20,530)
Proceeds from disposals of intangible assets and property, plant and equipment 1,036 1,462
Proceeds from disposals of subsidiaries, net of cash sold 2,909 270
Proceeds from disposals of non-current investments 294 132
Repayment of non-current loans 1,025 1,013
Total divestments 5,264 2,877
Cash flow used in investing activities (11,632) (17,653)

CASH FLOW USED IN FINANCING ACTIVITIES

Issuance (repayment) of shares:

- Parent company shareholders 519 100
- Treasury shares - -
Dividends paid:
- Parent company shareholders (2,643) (2,661)
- Non-controlling interests (141) (93)
Issuance of perpetual subordinated notes - 4,711
Payments on perpetual subordinated notes (276) (133)
Other transactions with non-controlling interests (4) (104)
Net issuance (repayment) of non-current debt 2,277 3,576
Increase (decrease) in current borrowings (7,175) (3,260)
Increase (decrease) in current financial assets and liabilities 1,903 1,396
Cash flow used in financing activities (5,540) 3,532
Net increase (decrease) in cash and cash equivalents 5,147 2,400
Effect of exchange rates 3,441 (1,072)
Cash and cash equivalents at the beginning of the period 24,597 23,269
Cash and cash equivalents at the end of the period 33,185 24,597
 16
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
TOTAL

Common shares issued Paid-in Treasury shares

Currency Shareholders' Non- Total
surplus and
translation equity - controlling shareholders'
(M$) Number Amount retained Number Amount
adjustment Group share interests equity
earnings
As of January 1, 2016 2,440,057,883 7,670 101,528 (12,119) (113,967,758) (4,585) 92,494 2,915 95,409
Net income 2016 - - 6,196 - - - 6,196 10 6,206
Other comprehensive Income - - (108) (1,752) - - (1,860) 1 (1,859)
Comprehensive Income - - 6,088 (1,752) - - 4,336 11 4,347
Dividend - - (6,512) - - - (6,512) (93) (6,605)
Issuance of common shares 90,639,247 251 3,553 - - - 3,804 - 3,804
Purchase of treasury shares - - - - - - - - -
Sale of treasury shares (1) - - (163) - 3,048,668 163 - - -
Share-based payments - - 112 - - - 112 - 112
Share cancellation (100,331,268) (317) (3,505) - 100,331,268 3,822 - - -
Other operations with non-controlling interests - - (98) - - - (98) (43) (141)
Other items - - 36 - - - 36 104 140
As of December 31, 2016 2,430,365,862 7,604 105,547 (13,871) (10,587,822) (600) 98,680 2,894 101,574
Net income 2017 - - 8,631 - - - 8,631 (332) 8,299
Other comprehensive Income - - 718 5,963 - - 6,681 44 6,725
Comprehensive Income - - 9,349 5,963 - - 15,312 (288) 15,024
Dividend - - (6,992) - - - (6,992) (141) (7,133)
Issuance of common shares 98,623,754 278 4,431 - - - 4,709 - 4,709
Purchase of treasury shares - - - - - - - - -
Sale of treasury shares (1) - - (142) - 2,211,066 142 - - -
Share-based payments - - 151 - - - 151 - 151
Share cancellation - - - - - - - - -
Issuance of perpetual subordinated notes - - - - - - - - -
Payments on perpetual subordinated notes - - (302) - - - (302) - (302)
Other operations with non-controlling interests - - (8) - - - (8) 4 (4)
Other items - - 6 - - - 6 12 18
As of December 31, 2017 2,528,989,616 7,882 112,040 (7,908) (8,376,756) (458) 111,556 2,481 114,037

(1)
Treasury shares related to the restricted stock grants.
 16
BUSINESS SEGMENT INFORMATION
TOTAL
(unaudited)

Exploration Gas,
4th quarter 2017 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 2,185 4,083 20,661 20,419 3 - 47,351
Intersegment sales 6,506 311 7,890 207 90 (15,004) -
Excise taxes - - (828) (5,081) - - (5,909)
Revenues from sales 8,691 4,394 27,723 15,545 93 (15,004) 41,442
Operating expenses (3,806) (4,385) (26,191) (14,849) (305) 15,004 (34,532)
Depreciation, depletion and impairment of tangible assets and mineral interests (4,890) (319) (284) (185) (13) - (5,691)
Operating income (5) (310) 1,248 511 (225) - 1,219
Net income (loss) from equity affiliates and other items 348 51 199 76 6 - 680
Tax on net operating income (537) (86) (67) (157) 55 - (792)
Net operating income (194) (345) 1,380 430 (164) - 1,107
Net cost of net debt (377)
Non-controlling interests 291
Net income - group share 1,021

th (a) Exploration Gas,

4 quarter 2017 (adjustments) Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales - 21 - - - - 21
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - 21 - - - - 21
Operating expenses - (243) 355 33 - - 145
Depreciation, depletion and impairment of tangible assets and mineral interests (2,382) (266) (3) (10) - - (2,661)
(b)
Operating income (2,382) (488) 352 23 - - (2,495)
Net income (loss) from equity affiliates and other items (112) (22) 9 (19) - - (144)
Tax on net operating income 495 (67) 133 (10) (136) - 415
(b)
Net operating income (1,999) (577) 494 (6) (136) - (2,224)
Net cost of net debt (8)
Non-controlling interests 381
Net income - group share (1,851)

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

(b)
Of which inventory valuation effect
On operating income - - 423 31 -
On net operating income - - 354 11 -

Exploration Gas,
4th quarter 2017 (adjusted) Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) (a) Production & Power
Chemicals Services

Non-Group sales 2,185 4,062 20,661 20,419 3 - 47,330

Intersegment sales 6,506 311 7,890 207 90 (15,004) -
Excise taxes - - (828) (5,081) - - (5,909)
Revenues from sales 8,691 4,373 27,723 15,545 93 (15,004) 41,421
Operating expenses (3,806) (4,142) (26,546) (14,882) (305) 15,004 (34,677)
Depreciation, depletion and impairment of tangible assets and mineral interests (2,508) (53) (281) (175) (13) - (3,030)
Adjusted operating income 2,377 178 896 488 (225) - 3,714
Net income (loss) from equity affiliates and other items 460 73 190 95 6 - 824
Tax on net operating income (1,032) (19) (200) (147) 191 - (1,207)
Adjusted net operating income 1,805 232 886 436 (28) - 3,331
Net cost of net debt (369)
Non-controlling interests (90)
Adjusted net income - group share 2,872
Adjusted fully-diluted earnings per share ($) 1.10
(a) Except for earnings per share.

th Exploration Gas,
4 quarter 2017 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Total expenditures 3,490 306 710 570 27 - 5,103
Total divestments 1,334 46 36 45 6 - 1,467
Cash flow from operating activities 3,826 657 3,041 992 99 - 8,615
 16
BUSINESS SEGMENT INFORMATION
TOTAL
(unaudited)

Exploration Gas,
3rd quarter 2017 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 2,121 2,903 18,923 19,086 11 - 43,044
Intersegment sales 5,665 286 6,592 207 89 (12,839) -
Excise taxes - - (799) (5,163) - - (5,962)
Revenues from sales 7,786 3,189 24,716 14,130 100 (12,839) 37,082
Operating expenses (3,632) (3,117) (23,110) (13,386) (250) 12,839 (30,656)
Depreciation, depletion and impairment of tangible assets and mineral interests (2,548) (51) (258) (170) (8) - (3,035)
Operating income 1,606 21 1,348 574 (158) - 3,391
Net income (loss) from equity affiliates and other items 521 12 179 133 32 - 877
Tax on net operating income (745) 7 (379) (173) 100 - (1,190)
Net operating income 1,382 40 1,148 534 (26) - 3,078
Net cost of net debt (315)
Non-controlling interests (39)
Net income - group share 2,724

rd (a) Exploration Gas,

3 quarter 2017 (adjustments) Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales - (14) - - - - (14)
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - (14) - - - - (14)
Operating expenses (2) (32) 166 51 - - 183
Depreciation, depletion and impairment of tangible assets and mineral interests (57) - - - - - (57)
(b)
Operating income (59) (46) 166 51 - - 112
Net income (loss) from equity affiliates and other items (2) (15) 12 (5) - - (10)
Tax on net operating income 4 4 (50) (18) - - (60)
(b)
Net operating income (57) (57) 128 28 - - 42
Net cost of net debt (7)
Non-controlling interests 15
Net income - group share 50

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

(b)
Of which inventory valuation effect
On operating income - - 210 51 -
On net operating income - - 156 36 -

Exploration Gas,
3rd quarter 2017 (adjusted) Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) (a) Production & Power
Chemicals Services

Non-Group sales 2,121 2,917 18,923 19,086 11 - 43,058

Intersegment sales 5,665 286 6,592 207 89 (12,839) -
Excise taxes - - (799) (5,163) - - (5,962)
Revenues from sales 7,786 3,203 24,716 14,130 100 (12,839) 37,096
Operating expenses (3,630) (3,085) (23,276) (13,437) (250) 12,839 (30,839)
Depreciation, depletion and impairment of tangible assets and mineral interests (2,491) (51) (258) (170) (8) - (2,978)
Adjusted operating income 1,665 67 1,182 523 (158) - 3,279
Net income (loss) from equity affiliates and other items 523 27 167 138 32 - 887
Tax on net operating income (749) 3 (329) (155) 100 - (1,130)
Adjusted net operating income 1,439 97 1,020 506 (26) - 3,036
Net cost of net debt (308)
Non-controlling interests (54)
Adjusted net income - group share 2,674
Adjusted fully-diluted earnings per share ($) 1.04
(a) Except for earnings per share.

rd Exploration Gas,
3 quarter 2017 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Total expenditures 3,228 99 357 190 36 - 3,910
Total divestments 339 - 24 150 26 - 539
Cash flow from operating activities 2,633 325 662 596 147 - 4,363
 16
BUSINESS SEGMENT INFORMATION
TOTAL
(unaudited)

th Exploration Gas,
4 quarter 2016 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 2,066 3,675 19,077 17,454 3 - 42,275
Intersegment sales 5,187 306 6,707 257 82 (12,539) -
Excise taxes - - (784) (4,624) - - (5,408)
Revenues from sales 7,253 3,981 25,000 13,087 85 (12,539) 36,867
Operating expenses (3,724) (3,847) (23,155) (12,535) (296) 12,539 (31,018)
Depreciation, depletion and impairment of tangible assets and mineral interests (4,329) (193) (252) (154) (11) - (4,939)
Operating income (800) (59) 1,593 398 (222) - 910
Net income (loss) from equity affiliates and other items 25 (50) 162 41 137 - 315
Tax on net operating income (53) (5) (392) (132) 77 - (505)
Net operating income (828) (114) 1,363 307 (8) - 720
Net cost of net debt (233)
Non-controlling interests 61
Net income - group share 548

th (a) Exploration Gas,

4 quarter 2016 (adjustments) Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales - 17 - - - - 17
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - 17 - - - - 17
Operating expenses - (64) 379 (116) - - 199
Depreciation, depletion and impairment of tangible assets and mineral interests (1,889) (139) - (1) - - (2,029)
(b)
Operating income (1,889) (186) 379 (117) - - (1,813)
Net income (loss) from equity affiliates and other items (406) (59) (32) (20) (4) - (521)
Tax on net operating income 460 (1) (115) 38 1 - 383
(b)
Net operating income (1,835) (246) 232 (99) (3) - (1,951)
Net cost of net debt (6)
Non-controlling interests 98
Net income - group share (1,859)

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

(b)
Of which inventory valuation effect
On operating income - - 380 (33) -
On net operating income - - 281 (14) -

Exploration Gas,
4th quarter 2016 (adjusted) Refining & Marketing &
(a) & Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 2,066 3,658 19,077 17,454 3 - 42,258
Intersegment sales 5,187 306 6,707 257 82 (12,539) -
Excise taxes - - (784) (4,624) - - (5,408)
Revenues from sales 7,253 3,964 25,000 13,087 85 (12,539) 36,850
Operating expenses (3,724) (3,783) (23,534) (12,419) (296) 12,539 (31,217)
Depreciation, depletion and impairment of tangible assets and mineral interests (2,440) (54) (252) (153) (11) - (2,910)
Adjusted operating income 1,089 127 1,214 515 (222) - 2,723
Net income (loss) from equity affiliates and other items 431 9 194 61 141 - 836
Tax on net operating income (513) (4) (277) (170) 76 - (888)
Adjusted net operating income 1,007 132 1,131 406 (5) - 2,671
Net cost of net debt (227)
Non-controlling interests (37)
Adjusted net income - group share 2,407
Adjusted fully-diluted earnings per share ($) 0.96
(a) Except for earnings per share.

Exploration Gas,
4th quarter 2016 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Total expenditures 4,833 (118) 566 500 74 - 5,855
Total divestments 818 29 15 65 - - 927
Cash flow from operating activities 4,039 732 1,746 340 161 - 7,018
 16
BUSINESS SEGMENT INFORMATION
TOTAL

Exploration Gas,
Year 2017 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 8,477 12,854 75,505 74,634 23 - 171,493
Intersegment sales 22,837 1,180 26,844 857 374 (52,092) -
Excise taxes - - (3,008) (19,386) - - (22,394)
Revenues from sales 31,314 14,034 99,341 56,105 397 (52,092) 149,099
Operating expenses (14,672) (13,828) (94,097) (53,629) (1,107) 52,092 (125,241)
Depreciation, depletion and impairment of tangible assets and mineral interests (13,850) (482) (1,074) (657) (40) - (16,103)
Operating income 2,792 (276) 4,170 1,819 (750) - 7,755
Net income (loss) from equity affiliates and other items 1,546 31 2,979 497 54 - 5,107
Tax on net operating income (2,233) (140) (944) (561) 540 - (3,338)
Net operating income 2,105 (385) 6,205 1,755 (156) - 9,524
Net cost of net debt (1,225)
Non-controlling interests 332
Net income - group share 8,631

(a) Exploration Gas,

Year 2017 (adjustments) Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales - (20) - - - - (20)
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - (20) - - - - (20)
Operating expenses (119) (389) 167 (11) (64) - (416)
Depreciation, depletion and impairment of tangible assets and mineral interests (4,308) (291) (53) (10) - - (4,662)
(b)
Operating income (4,427) (700) 114 (21) (64) - (5,098)
Net income (loss) from equity affiliates and other items (328) (116) 2,177 102 - - 1,835
Tax on net operating income 875 (54) 124 (2) (114) - 829
(b)
Net operating income (3,880) (870) 2,415 79 (178) - (2,434)
Net cost of net debt - - - - - - (29)
Non-controlling interests - - - - - - 516
Net income - group share - - - - - - (1,947)

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

(b)
Of which inventory valuation effect
On operating income - - 344 13 -
On net operating income - - 298 (3) -

Exploration Gas,
Year 2017 (adjusted) Refining & Marketing &
(a) & Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 8,477 12,874 75,505 74,634 23 - 171,513
Intersegment sales 22,837 1,180 26,844 857 374 (52,092) -
Excise taxes - - (3,008) (19,386) - - (22,394)
Revenues from sales 31,314 14,054 99,341 56,105 397 (52,092) 149,119
Operating expenses (14,553) (13,439) (94,264) (53,618) (1,043) 52,092 (124,825)
Depreciation, depletion and impairment of tangible assets and mineral interests (9,542) (191) (1,021) (647) (40) - (11,441)
Adjusted operating income 7,219 424 4,056 1,840 (686) - 12,853
Net income (loss) from equity affiliates and other items 1,874 147 802 395 54 - 3,272
Tax on net operating income (3,108) (86) (1,068) (559) 654 - (4,167)
Adjusted net operating income 5,985 485 3,790 1,676 22 - 11,958
Net cost of net debt (1,196)
Non-controlling interests (184)
Adjusted net income - group share 10,578
Adjusted fully-diluted earnings per share ($) 4.12
(a) Except for earnings per share.

Exploration Gas,
Year 2017 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Total expenditures 12,802 797 1,734 1,457 106 - 16,896
Total divestments 1,918 73 2,820 413 40 - 5,264
Cash flow from operating activities 11,459 993 7,440 2,130 297 - 22,319
 16
BUSINESS SEGMENT INFORMATION
TOTAL

Exploration Gas,
Year 2016 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 7,629 10,124 65,632 66,351 7 - 149,743
Intersegment sales 17,759 1,009 21,467 744 307 (41,286) -
Excise taxes - - (3,544) (18,274) - - (21,818)
Revenues from sales 25,388 11,133 83,555 48,821 314 (41,286) 127,925
Operating expenses (14,236) (10,993) (77,562) (46,432) (1,006) 41,286 (108,943)
Depreciation, depletion and impairment of tangible assets and mineral interests (11,583) (301) (1,002) (600) (37) - (13,523)
Operating income (431) (161) 4,991 1,789 (729) - 5,459
Net income (loss) from equity affiliates and other items 1,375 71 779 170 426 - 2,821
Tax on net operating income 401 (4) (1,244) (541) 164 - (1,224)
Net operating income 1,345 (94) 4,526 1,418 (139) - 7,056
Net cost of net debt (850)
Non-controlling interests (10)
Net income - group share 6,196

(a) Exploration Gas,

Year 2016 (adjustments) Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales - (231) - - - - (231)
Intersegment sales - - - - - - -
Excise taxes - - - - - - -
Revenues from sales - (231) - - - - (231)
Operating expenses (691) (79) 625 (136) - - (281)
Depreciation, depletion and impairment of tangible assets and mineral interests (2,089) (139) - (1) - - (2,229)
(b)
Operating income (2,780) (449) 625 (137) - - (2,741)
Net income (loss) from equity affiliates and other items (200) (135) (93) (40) (4) - (472)
Tax on net operating income 1,108 51 (201) 36 1 - 995
(b)
Net operating income (1,872) (533) 331 (141) (3) - (2,218)
Net cost of net debt (23)
Non-controlling interests 150
Net income - group share (2,091)

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

(b)
Of which inventory valuation effect
On operating income - - 695 (43) -
On net operating income - - 500 (13) -

Exploration Gas,
Year 2016 (adjusted) Refining & Marketing &
(a) & Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Non-Group sales 7,629 10,355 65,632 66,351 7 - 149,974
Intersegment sales 17,759 1,009 21,467 744 307 (41,286) -
Excise taxes - - (3,544) (18,274) - - (21,818)
Revenues from sales 25,388 11,364 83,555 48,821 314 (41,286) 128,156
Operating expenses (13,545) (10,914) (78,187) (46,296) (1,006) 41,286 (108,662)
Depreciation, depletion and impairment of tangible assets and mineral interests (9,494) (162) (1,002) (599) (37) - (11,294)
Adjusted operating income 2,349 288 4,366 1,926 (729) - 8,200
Net income (loss) from equity affiliates and other items 1,575 206 872 210 430 - 3,293
Tax on net operating income (707) (55) (1,043) (577) 163 - (2,219)
Adjusted net operating income 3,217 439 4,195 1,559 (136) - 9,274
Net cost of net debt (827)
Non-controlling interests (160)
Adjusted net income - group share 8,287
Adjusted fully-diluted earnings per share ($) 3.38
(a) Except for earnings per share.

Exploration Gas,
Year 2016 Refining & Marketing &
& Renewables Corporate Intercompany Total
(M$) Chemicals Services
Production & Power
Total expenditures 16,085 1,221 1,861 1,245 118 - 20,530
Total divestments 2,187 166 88 424 12 - 2,877
Cash flow from operating activities 9,010 538 4,585 1,754 634 - 16,521

* Reclassification of intercompany transactions between Upstream and Corporate for €823 million with no impact on the total of cash flow from operating activities
 16
Reconciliation of the information by business segment with consolidated financial statements
TOTAL

(unaudited)

4th quarter 2017 Consolidated

Adjusted Adjustments (a)
(M$) statement of income

Sales 47,330 21 47,351

Excise taxes (5,909) - (5,909)
Revenues from sales 41,421 21 41,442

Purchases, net of inventory variation (28,020) 361 (27,659)

Other operating expenses (6,370) (216) (6,586)
Exploration costs (287) - (287)
Depreciation, depletion and impairment of tangible assets and mineral interests (3,030) (2,661) (5,691)
Other income 220 292 512
Other expense (208) (362) (570)

Financial interest on debt (344) (8) (352)

Financial income and expense from cash & cash equivalents (45) - (45)
Cost of net debt (389) (8) (397)

Other financial income 240 - 240

Other financial expense (159) - (159)

Net income (loss) from equity affiliates 731 (74) 657

Income taxes (1,187) 415 (772)

Consolidated net income 2,962 (2,232) 730
Group share 2,872 (1,851) 1,021
Non-controlling interests 90 (381) (291)

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

4th quarter 2016 (a) Consolidated

Adjusted Adjustments
(M$) statement of income

Sales 42,258 17 42,275

Excise taxes (5,408) - (5,408)
Revenues from sales 36,850 17 36,867

Purchases, net of inventory variation (24,253) 286 (23,967)

Other operating expenses (6,704) (87) (6,791)
Exploration costs (260) - (260)
Depreciation, depletion and impairment of tangible assets and mineral interests (2,910) (2,029) (4,939)
Other income 337 - 337
Other expense (263) (210) (473)

Financial interest on debt (293) (6) (299)

Financial income and expense from cash & cash equivalents (2) - (2)
Cost of net debt (295) (6) (301)

Other financial income 203 - 203

Other financial expense (161) - (161)

Net income (loss) from equity affiliates 720 (311) 409

Income taxes (820) 383 (437)

Consolidated net income 2,444 (1,957) 487
Group share 2,407 (1,859) 548
Non-controlling interests 37 (98) (61)

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.
 16
Reconciliation of the information by business segment with consolidated financial statements
TOTAL

Year 2017 Consolidated

Adjusted Adjustments (a)
(M$) statement of income

Sales 171,513 (20) 171,493

Excise taxes (22,394) - (22,394)
Revenues from sales 149,119 (20) 149,099

Purchases, net of inventory variation (99,534) 123 (99,411)

Other operating expenses (24,427) (539) (24,966)
Exploration costs (864) - (864)
Depreciation, depletion and impairment of tangible assets and mineral interests (11,441) (4,662) (16,103)
Other income 772 3,039 3,811
Other expense (389) (645) (1,034)

Financial interest on debt (1,367) (29) (1,396)

Financial income and expense from cash & cash equivalents (138) - (138)
Cost of net debt (1,505) (29) (1,534)

Other financial income 957 - 957

Other financial expense (642) - (642)

Net income (loss) from equity affiliates 2,574 (559) 2,015

Income taxes (3,858) 829 (3,029)

Consolidated net income 10,762 (2,463) 8,299
Group share 10,578 (1,947) 8,631
Non-controlling interests 184 (516) (332)

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

Year 2016 Consolidated

Adjusted Adjustments (a)
(M$) statement of income

Sales 149,974 (231) 149,743

Excise taxes (21,818) - (21,818)
Revenues from sales 128,156 (231) 127,925

Purchases, net of inventory variation (83,916) 539 (83,377)

Other operating expenses (23,832) (470) (24,302)
Exploration costs (914) (350) (1,264)
Depreciation, depletion and impairment of tangible assets and mineral interests (11,294) (2,229) (13,523)
Other income 964 335 1,299
Other expense (537) (490) (1,027)

Financial interest on debt (1,085) (23) (1,108)

Financial income and expense from cash & cash equivalents 4 - 4
Cost of net debt (1,081) (23) (1,104)

Other financial income 971 - 971

Other financial expense (636) - (636)

Net income (loss) from equity affiliates 2,531 (317) 2,214

Income taxes (1,965) 995 (970)

Consolidated net income 8,447 (2,241) 6,206
Group share 8,287 (2,091) 6,196
Non-controlling interests 160 (150) 10

(a)
Adjustments include special items, inventory valuation effect and the effect of changes in fair value.