TotalEnergies SE (TTE) 6-K 27 Jul 18 2018 H1 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2018shares
Document and Entity Information [Abstract]
Entity Registrant Name	TOTAL S.A.
Entity Central Index Key	879,764
Document Type	6-K
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	2,665,877,332
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	H1

Consolidated statement of incom

Consolidated statement of income $ in Millions	3 Months Ended						6 Months Ended
	Jun. 30, 2018€ / shares	Jun. 30, 2018USD ($)$ / shares	Mar. 31, 2018€ / shares	Mar. 31, 2018USD ($)$ / shares	Jun. 30, 2017€ / shares	Jun. 30, 2017USD ($)$ / shares	Jun. 30, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)	Jun. 30, 2017USD ($)$ / shares
Consolidated statement of income
Sales		$ 52,540		$ 49,611		$ 39,915	$ 102,151		$ 81,098
Excise taxes		(6,438)		(6,319)		(5,433)	(12,757)		(10,523)
Revenues from sales		46,102		43,292		34,482	89,394		70,575
Purchases, net of inventory variation		(30,599)		(29,446)		(23,398)	(60,045)		(47,385)
Other operating expenses		(6,761)		(6,937)		(6,106)	(13,698)		(12,272)
Exploration costs		(158)		(204)		(199)	(362)		(396)
Depreciation, depletion and impairment of tangible assets and mineral interests		(3,435)		(2,916)		(2,798)	(6,351)		(7,377)
Other income		252		523		570	775		2,895
Other expense		(413)		(190)		(106)	(603)		(397)
Financial interest on debt		(478)		(390)		(345)	(868)		(676)
Financial income and expense from cash & cash equivalents		(54)		(41)		(37)	(95)		(48)
Cost of net debt		(532)		(431)		(382)	(963)		(724)
Other financial income		321		240		285	561		513
Other financial expense		(159)		(170)		(159)	(329)		(319)
Net income (loss) from equity affiliates		1,103		484		310	1,587		858
Income taxes		(2,087)		(1,596)		(472)	(3,683)		(1,165)
Consolidated net income		3,634		2,649		2,027	6,283	$ 3,493	4,806
Group share		3,721		2,636		2,037	6,357		4,886
Non-controlling interests		$ (87)		$ 13		$ (10)	$ (74)		$ (80)
Earnings per share (in dollars or Euros per share) | (per share)	€ 1.16	$ 1.38	€ 0.81	$ 1	€ 0.71	$ 0.79	$ 2.39		$ 1.93
Fully-diluted earnings per share (in dollars or Euros per share) | (per share)	€ 1.16	$ 1.38	€ 0.81	$ 0.99	€ 0.71	$ 0.79	$ 2.38		$ 1.92

Consolidated statement of compr

Consolidated statement of comprehensive income - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Consolidated statement of comprehensive income
Consolidated net income	$ 3,634	$ 2,649	$ 2,027	$ 6,283	$ 4,806
Other comprehensive income
Actuarial gains and losses	42	25	32	67	158
Change in fair value of investments in equity instruments	(2)	7		5
Tax effect	(20)	2	(12)	(18)	(53)
Currency translation adjustment generated by the parent company	(4,761)	2,131	4,524	(2,630)	5,464
Sub-total items not potentially reclassifiable to profit and loss	(4,741)	2,165	4,544	(2,576)	5,569
Currency translation adjustment	1,330	(362)	(1,218)	968	(1,418)
Available for sale financial assets			1
Cash flow hedge	77	178	(79)	255	34
Variation of foreign currency basis spread	2	(29)		(27)
Share of other comprehensive income of equity affiliates, net amount	36	(168)	(794)	(132)	(463)
Other	(2)		(3)	(2)
Tax effect	(27)	(48)	30	(75)	(9)
Sub-total items potentially reclassifiable to profit and loss	1,416	(429)	(2,063)	987	(1,856)
Total other comprehensive income (net amount)	(3,325)	1,736	2,481	(1,589)	3,713
Comprehensive income	309	4,385	4,508	4,694	8,519
Group share	450	4,356	4,507	4,806	8,581
Non-controlling interests	$ (141)	$ 29	$ 1	$ (112)	$ (62)

Consolidated balance sheet

Consolidated balance sheet - USD ($) $ in Millions	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017
Non-current assets
Intangible assets, net	$ 24,562	$ 24,502	$ 14,587	$ 14,119
Property, plant and equipment, net	114,047	116,181	109,397	112,659
Equity affiliates: investments and loans	22,443	22,332	22,103	21,705
Other investments	1,396	1,710	1,727	1,483
Non-current financial assets	967	1,154	679	558
Deferred income taxes	5,348	5,519	5,206	4,981
Other non-current assets	3,384	3,633	3,984	4,411
Total non-current assets	172,147	175,031	157,683	159,916
Current assets
Inventories, net	18,392	17,006	16,520	14,273
Accounts receivable, net	16,974	17,774	14,893	12,923
Other current assets	14,408	14,824	14,210	14,034
Current financial assets	3,609	2,289	3,393	3,618
Cash and cash equivalents	26,475	30,092	33,185	28,720
Assets classified as held for sale			2,747	421
Total current assets	79,858	81,985	84,948	73,989
Total assets	252,005	257,016	242,631	233,905
Shareholders' equity
Common shares	8,305	8,207	7,882	7,797
Paid-in surplus and retained earnings	121,896	120,559	112,040	110,305
Currency translation adjustment	(9,764)	(6,413)	(7,908)	(10,314)
Treasury shares	(2,462)	(1,166)	(458)	(600)
Total shareholders' equity - Group share	117,975	121,187	111,556	107,188
Non-controlling interests	2,288	2,499	2,481	2,772
Total shareholders' equity	120,263	123,686	114,037	109,960
Non-current liabilities
Deferred income taxes	11,969	11,943	10,828	10,920
Employee benefits	3,329	3,796	3,735	4,127
Provisions and other non-current liabilities	18,807	19,268	15,986	16,924
Non-current financial debt	38,362	40,257	41,340	41,548
Total non-current liabilities	72,467	75,264	71,889	73,519
Current liabilities
Accounts payable	25,021	24,836	26,479	21,914
Other creditors and accrued liabilities	17,792	17,952	17,779	14,862
Current borrowings	15,659	14,909	11,096	13,070
Other current financial liabilities	803	369	245	241
Liabilities directly associated with the assets classified as held for sale			1,106	339
Total current liabilities	59,275	58,066	56,705	50,426
Total liabilities & shareholders' equity	$ 252,005	$ 257,016	$ 242,631	$ 233,905

Consolidated statement of cash

Consolidated statement of cash flow - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
CASH FLOW FROM OPERATING ACTIVITIES
Consolidated net income	$ 3,634	$ 2,649	$ 2,027	$ 6,283	$ 4,806
Depreciation, depletion, amortization and impairment	3,508	3,046	2,930	6,554	7,590
Non-current liabilities, valuation allowances, and deferred taxes	35	114	(50)	149	(247)
(Gains) losses on disposals of assets	(148)	(125)	(151)	(273)	(2,383)
Undistributed affiliates' equity earnings	(298)	(259)	501	(557)	206
(Increase) decrease in working capital	(856)	(3,222)	(268)	(4,078)	(322)
Other changes, net	371	(122)	(349)	249	(309)
Cash flow from operating activities	6,246	2,081	4,640	8,327	9,341
CASH FLOW USED IN INVESTING ACTIVITIES
Intangible assets and property, plant and equipment additions	(3,513)	(5,665)	(3,323)	(9,178)	(6,001)
Acquisitions of subsidiaries, net of cash acquired	12	(726)	(6)	(714)	(325)
Investments in equity affiliates and other securities	(146)	(162)	(433)	(308)	(956)
Increase in non-current loans	(140)	(171)	(443)	(311)	(601)
Total expenditures	(3,787)	(6,724)	(4,205)	(10,511)	(7,883)
Proceeds from disposals of intangible assets and property, plant and equipment	304	1,978	74	2,282	80
Proceeds from disposals of subsidiaries, net of cash sold	(7)	3		(4)	2,696
Proceeds from disposals of non-current investments	396	188	133	584	142
Repayment of non-current loans	581	416	153	997	340
Total divestments	1,274	2,585	360	3,859	3,258
Cash flow used in investing activities	(2,513)	(4,139)	(3,845)	(6,652)	(4,625)
CASH FLOW FROM FINANCING ACTIVITIES
Issuance (repayment) of shares: Parent company shareholders	473	9	406	482	421
Issuance (repayment) of shares: Treasury shares	(1,182)	(558)		(1,740)
Dividends paid: Parent company shareholders	(2,692)	(1,516)	(1,462)	(4,208)	(2,000)
Dividends paid: Non-controlling interests	(72)	(12)	(61)	(84)	(76)
Payments on perpetual subordinated notes	(116)	(150)	(90)	(266)	(219)
Net issuance (repayment) of non-current debt	52	(2,480)	290	(2,428)	346
Increase (decrease) in current borrowings	(738)	1,707	(1,167)	969	(2,580)
Increase (decrease) in current financial assets and liabilities	(1,779)	1,155	979	(624)	1,637
Cash flow used in financing activities	(6,054)	(1,845)	(1,105)	(7,899)	(2,471)
Net increase (decrease) in cash and cash equivalents	(2,321)	(3,903)	(310)	(6,224)	2,245
Effect of exchange rates	(1,296)	810	1,504	(486)	1,878
Cash and cash equivalents at the beginning of the period	30,092	33,185	27,526	33,185	24,597
Cash and cash equivalents at the end of the period	$ 26,475	$ 30,092	$ 28,720	$ 26,475	$ 28,720

Consolidated statement of chang

Consolidated statement of changes in shareholders' equity - USD ($) $ in Millions		Shareholders' equity - Group share	Common shares issued	Paid-in surplus and retained earnings	Currency translation adjustment	Treasury shares	Non-controlling interests	Total
Equity as of the beginning of the period at Dec. 31, 2016		$ 98,680	$ 7,604	$ 105,547	$ (13,871)	$ (600)	$ 2,894	$ 101,574
Common shares issued as of the beginning of the period at Dec. 31, 2016			2,430,365,862			(10,587,822)
Net income		4,886		4,886			(80)	4,806
Other comprehensive income		3,695		138	3,557		18	3,713
Comprehensive income		8,581		5,024	3,557		(62)	8,519
Dividend		(3,297)		(3,297)			(76)	(3,373)
Issuance of common shares		3,296	$ 193	3,103				3,296
Issuance of common shares (in shares)			71,170,026
Sale of treasury shares (in shares)	[1]					4,000
Share-based payments		74		74				74
Payments on perpetual subordinated notes		(142)		(142)				(142)
Other operations with non-controlling interests		(7)		(7)			7
Other items		3		3			9	12
Equity as of the end of the period at Jun. 30, 2017		107,188	$ 7,797	110,305	(10,314)	$ (600)	2,772	109,960
Common shares issued as of the end of the period at Jun. 30, 2017			2,501,535,888			(10,583,822)
Net income		3,745		3,745			(252)	3,493
Other comprehensive income		2,986		580	2,406		26	3,012
Comprehensive income		6,731		4,325	2,406		(226)	6,505
Dividend		(3,695)		(3,695)			(65)	(3,760)
Issuance of common shares		1,413	$ 85	1,328				1,413
Issuance of common shares (in shares)			27,453,728
Sale of treasury shares	[1]			(142)		$ 142
Sale of treasury shares (in shares)	[1]					2,207,066
Share-based payments		77		77				77
Payments on perpetual subordinated notes		(160)		(160)				(160)
Other operations with non-controlling interests		(1)		(1)			(3)	(4)
Other items		3		3			3	6
Equity as of the end of the period at Dec. 31, 2017		111,556	$ 7,882	112,040	(7,908)	$ (458)	2,481	114,037
Common shares issued as of the end of the period at Dec. 31, 2017			2,528,989,616			(8,376,756)
Net income								2,649
Other comprehensive income								1,736
Comprehensive income								4,385
Equity as of the end of the period at Mar. 31, 2018								123,686
Equity as of the beginning of the period at Dec. 31, 2017		111,556	$ 7,882	112,040	(7,908)	$ (458)	2,481	114,037
Common shares issued as of the beginning of the period at Dec. 31, 2017			2,528,989,616			(8,376,756)
Net income		6,357		6,357			(74)	6,283
Other comprehensive income		(1,551)		305	(1,856)		(38)	(1,589)
Comprehensive income		4,806		6,662	(1,856)		(112)	4,694
Dividend		(4,070)		(4,070)			(84)	(4,154)
Issuance of common shares		7,693	$ 423	7,270				7,693
Issuance of common shares (in shares)			136,887,716
Purchase of treasury shares		(2,004)				$ (2,004)		(2,004)
Purchase of treasury shares (in shares)						(33,056,514)
Sale of treasury shares (in shares)	[1]					3,450
Share-based payments		192		192				192
Payments on perpetual subordinated notes		(161)		(161)				(161)
Other operations with non-controlling interests		(4)		(4)			4
Other items		(33)		(33)			(1)	(34)
Equity as of the end of the period at Jun. 30, 2018		117,975	$ 8,305	121,896	(9,764)	$ (2,462)	2,288	120,263
Common shares issued as of the end of the period at Jun. 30, 2018			2,665,877,332			(41,429,820)
Equity as of the beginning of the period at Mar. 31, 2018								123,686
Net income								3,634
Other comprehensive income								(3,325)
Comprehensive income								309
Equity as of the end of the period at Jun. 30, 2018		$ 117,975	$ 8,305	$ 121,896	$ (9,764)	$ (2,462)	$ 2,288	$ 120,263
Common shares issued as of the end of the period at Jun. 30, 2018			2,665,877,332			(41,429,820)
[1]	Treasury shares related to the restricted stock grants.

Accounting policies

Accounting policies	6 Months Ended
	Jun. 30, 2018
Accounting policies
Accounting policies	1) Accounting policies The consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and IFRS as published by the International Accounting Standards Board (IASB). The interim consolidated financial statements of TOTAL S.A. and its subsidiaries (the Group) as of June 30, 2018, are presented in U.S. dollars and have been prepared in accordance with International Accounting Standard (IAS) 34 “Interim Financial Reporting”. The accounting principles applied for the consolidated financial statements at June 30, 2018, are consistent with those used for the financial statements at December 31, 2017, with the exception of those texts or amendments that must be applied for periods beginning January 1, 2018. - First-time application of IFRS 15 "Revenue from Contracts with Customers" The Group applied IFRS 15 as of January 1, 2018, without restating comparative information from past periods. The cumulative effect of the first application of the standard, recognized in equity as at January 1, 2018, is non-material. The new standard does not lead to any material change in the accounting principles applied by the Group. - First time application of IFRS 9 "Financial Instruments" The Group applied IFRS 9 as of January 1, 2018 without restating comparative information from past periods. The impacts related to the first application of the standard, recognized in opening equity at January 1, 2018, are not material. This standard has three components: classification and measurement of financial instruments, impairment of financial assets, and hedging transactions except macro hedging The main changes induced by each component are the following: 1. The application of the "Classification and valuation of financial instruments" component led the Group to create a new non-recyclable component in its comprehensive income to record, from January 1, 2018, changes in the fair value of "Investments in equity instruments at the fair value through equity" previously classified as "Available-for-sale financial assets "under IAS 39. 2. The application of the "Impairment of financial assets" component has no significant impact for the Group on January 1, 2018. 3. The application of the "Hedging transactions" component led the Group to recognize in a separate component of the comprehensive income the changes in the Foreign Currency Basis Spread identified in the hedging relationships qualifying as a fair value hedge. The application of the provisions of IFRS 9 "Financial Instruments" has no significant effect on the Group's balance sheet, income statement and consolidated equity as of June 30, 2018. The preparation of financial statements in accordance with IFRS for the closing as of June 30, 2018, requires the executive management to make estimates, assumptions and judgments that affect the information reported in the Consolidated Financial Statements and the Notes thereto. These estimates, assumptions and judgments are based on historical experience and other factors believed to be reasonable at the date of preparation of the financial statements. They are reviewed on an on-going basis by management and therefore could be revised as circumstances change or as a result of new information. Different estimates, assumptions and judgments could significantly affect the information reported, and actual results may differ from the amounts included in the Consolidated Financial Statements and the Notes thereto. The main estimates, judgments and assumptions relate to the estimation of hydrocarbon reserves in application of the successful efforts method for the oil and gas activities, the impairment of assets, the employee benefits, the asset retirement obligations and the income taxes. These estimates and assumptions are described in the Notes to the Consolidated Financial Statements as of December 31, 2017. Furthermore, when the accounting treatment of a specific transaction is not addressed by any accounting standard or interpretation, the management applies its judgment to define and apply accounting policies that provide information consistent with the general IFRS concepts: faithful representation, relevance and materiality. As regards the application of IFRS 16 "Leases" on January 1, 2019, the Group intends to: - apply the simplified retrospective transition method, by accounting for the cumulative effect of the initial application of the standard at the date of first application, without restating the comparative periods - use the following simplification measures provided by the standard in the transitional provisions: o not apply the standard to contracts that the Group had not previously identified as containing a lease under IAS 17 and IFRIC 4, o not take into account leases whose term ends within 12 months of the date of first application - recognize each lease component of the lease as a separate lease, apart from non-lease components (services) of the lease.

Changes in the Group structure

Changes in the Group structure	6 Months Ended
	Jun. 30, 2018
Changes in the Group structure
Changes in the Group structure	2) Changes in the Group structure 2.1) Main acquisitions and divestments Ø Exploration & Production · On January 15, 2018, as part of the Strategic Alliance signed in March 2017, TOTAL announced the conclusion of transfer agreements from Petrobras to TOTAL: o 35% of the rights, as well as the role of operator in the Lapa field, o 22.5% of the rights of the Iara area. The amount of this transaction is $ 1.95 billion. The details of the acquisition are presented in Note 2.2 to the consolidated financial statements. · On March 1, 2018, TOTAL finalized the acquisition of Marathon Oil Libya Limited which holds a 16.33% stake in the Waha Concessions in Libya. This transaction amounts to $ 451 million. The details of the acquisition are presented in Note 2.2 to the consolidated financial statements. · On March 8, 2018, TOTAL announced the closing of the Maersk Oil acquisition signed on August 21, 2017. The integration of Maersk Oil, which holds a portfolio of high quality assets, largely complementary to those held by TOTAL, and mainly located in OECD countries, allows the Group to become the second largest operator in the North Sea. The details of the acquisition are presented in Note 2.2 to the consolidated financial statements. · On March 15, 2018, TOTAL finalized the sale to Statoil of all of its interests in the Martin Linge field (51%) and the discovery of Garantiana (40%) on the Norwegian Continental Shelf. · On March 18, 2018, TOTAL was awarded participating interests in two Offshore Concessions on Umm Shaif & Nasr (20%) and Lower Zakum (5%) in return for the payment of a global bonus of $ 1.45 billion. · On April 11, 2018, TOTAL acquired several assets located in the Gulf of Mexico as part of the Cobalt International Energy company’s bankruptcy auction sale. Ø Marketing & Services · In January, 2018, the sale of the joint venture TotalErg (Erg 51%, TOTAL 49%) to the Italian company API was finalized. 2.2) Major business combinations In accordance with IFRS 3, TOTAL is assessing the fair value of identifiable acquired assets, liabilities and contingent liabilities on the basis of available information. This assessment will be finalised within 12 months following the acquisition date. Ø Exploration & Production · Transfer of rights in the Lapa and Iara concessions in Brazil On January 15, 2018 Petrobras transferred to TOTAL 35% of the rights of the Lapa field which was put in production in December 2016, with a 100,000 barrel per day capacity FPSO. Petrobras also transferred to TOTAL 22.5% of the rights of the Iara area. Production in Iara is expected to start in 2018 and 2019 depending on the fields. The acquisition cost amounts to $1,950 million. In the balance sheet as of June 30, 2018, the provisional fair value of identifiable acquired assets, liabilities and contingent liabilities amounts to $1,950 million. The provisional purchase price allocation is shown below : ($ million) At the acquisition date Intangible assets 1,072 Tangible assets 1,662 Other assets and liabilities (119) Net debt (665) Fair value of consideration transferred 1,950 · Marathon Oil Lybia Limited On March 1, 2018, TOTAL finalized the acquisition of Marathon Oil Libya Limited which holds a 16.33% stake in the Waha Concessions in Libya. The acquisition cost amounts to $451 million. In the balance sheet as of June 30, 2018, the provisional fair value of identifiable acquired assets, liabilities and contingent liabilities amounts to $451 million. The provisional purchase price allocation is shown below : ($ million) At the acquisition date Intangible assets 326 Tangible assets 192 Other assets and liabilities (91) Net debt 24 Fair value of consideration transferred 451 · Maersk Oil On March 8, 2018, TOTAL finalized the acquisition of Maersk Oil, following the signature of the « Share Transfer Agreement » on August 21, 2017. The Group acquired all the voting rights of Maersk Olie og Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S (Maersk), for a purchase consideration of $5,741 million. This includes the fair value ($5,585 million) of 97,522,593 shares issued in exchange for all Maersk Oil shares, calculated using the market price of the company’s shares of 46.11 euros on the Euronext Paris Stock Exchange at its opening of business on March 8, 2018, and the amount of price adjustments ($156 million) paid on closing. In the balance sheet as of June 30, 2018, the provisional fair value of identifiable acquired assets, liabilities and contingent liabilities amounts to $3,113 million. The Group recognized a $2,628 million goodwill. The provisional purchase price allocation is shown below: ($ million) At the acquisition date Goodwill 2,628 Intangible assets 4,227 Tangible assets 4,033 Other assets and liabilities (3,223) Including provision for site restitution (2,100) Including deferred tax (675) Net debt (1,924) Fair value of consideration transferred 5,741

Adjustment items

Adjustment items	6 Months Ended
	Jun. 30, 2018
Adjustment items
Adjustment items	3) Adjustment items Description of the business segments Financial information by business segment is reported in accordance with the internal reporting system and shows internal segment information that is used to manage and measure the performance of TOTAL and which is reviewed by the main operational decision-making body of the Group, namely the Executive Committee. The operational profit and assets are broken down by business segment prior to the consolidation and inter-segment adjustments. Sales prices between business segments approximate market prices. The organization of the Group's activities is structured around the four followings segments: - An Exploration & Production segment; - A Gas, Renewables & Power segment including downstream Gas activities, New Energies activities (excluding biotechnologies) and Energy Efficiency division; - A Refining & Chemicals segment constituting a major industrial hub comprising the activities of refining, petrochemicals and specialty chemicals. This segment also includes the activities of oil Supply, Trading and marine Shipping; - A Marketing & Services segment including the global activities of supply and marketing in the field of petroleum products; In addition the Corporate segment includes holdings operating and financial activities. Adjustment items Performance indicators excluding the adjustment items, such as adjusted operating income, adjusted net operating income, and adjusted net income are meant to facilitate the analysis of the financial performance and the comparison of income between periods. Adjustment items include: (i) Special items Due to their unusual nature or particular significance, certain transactions qualified as "special items" are excluded from the business segment figures. In general, special items relate to transactions that are significant, infrequent or unusual. However, in certain instances, transactions such as restructuring costs or assets disposals, which are not considered to be representative of the normal course of business, may be qualified as special items although they may have occurred within prior years or are likely to occur again within the coming years. (ii) The inventory valuation effect The adjusted results of the Refining & Chemicals and Marketing & Services segments are presented according to the replacement cost method. This method is used to assess the segments’ performance and facilitate the comparability of the segments’ performance with those of its competitors. In the replacement cost method, which approximates the LIFO (Last-In, First-Out) method, the variation of inventory values in the statement of income is, depending on the nature of the inventory, determined using either the month-end prices differential between one period and another or the average prices of the period rather than the historical value. The inventory valuation effect is the difference between the results according to the FIFO (First-In, First-Out) and the replacement cost. (iii) Effect of changes in fair value The effect of changes in fair value presented as adjustment items reflects for some transactions differences between internal measure of performance used by TOTAL’s management and the accounting for these transactions under IFRS. IFRS requires that trading inventories be recorded at their fair value using period end spot prices. In order to best reflect the management of economic exposure through derivative transactions, internal indicators used to measure performance include valuations of trading inventories based on forward prices. Furthermore, TOTAL, in its trading activities, enters into storage contracts, which future effects are recorded at fair value in Group’s internal economic performance. IFRS precludes recognition of this fair value effect. The adjusted results (adjusted operating income, adjusted net operating income, adjusted net income) are defined as replacement cost results, adjusted for special items and the effect of changes in fair value. The detail of the adjustment items is presented in the table below. ADJUSTMENTS TO OPERATING INCOME Exploration Gas, Refining Marketing Corporate Total & Renewables & & (M$) Production & Power Chemicals Services 2 nd quarter 2018 Inventory valuation effect — — 569 134 — 703 Effect of changes in fair value — 16 — — — 16 Restructuring charges — — — — — — Asset impairment charges — (424) — — — (424) Other items (97) (1) — — — (98) Total (97) (409) 569 134 — 197 2 nd quarter 2017 Inventory valuation effect — — (372) (54) — (426) Effect of changes in fair value — (27) — — — (27) Restructuring charges (40) — — — — (40) Asset impairment charges (15) 1 — — — (14) Other items (77) (25) (39) (26) (64) (231) Total (132) (51) (411) (80) (64) (738) 1 st half 2018 Inventory valuation effect — — 531 105 — 636 Effect of changes in fair value — 5 — — — 5 Restructuring charges (53) — — — — (53) Asset impairment charges — (446) — — — (446) Other items (97) (93) — — (9) (199) Total (150) (534) 531 105 (9) (57) 1 st half 2017 Inventory valuation effect — — (289) (69) — (358) Effect of changes in fair value — (27) — — — (27) Restructuring charges (40) — — — — (40) Asset impairment charges (1,869) (25) (50) — — (1,944) Other items (77) (114) (65) (26) (64) (346) Total (1,986) (166) (404) (95) (64) (2,715) ADJUSTMENTS TO NET INCOME, GROUP SHARE Exploration Gas, Refining Marketing Corporate Total & Renewables & & (M$) Production & Power Chemicals Services 2 nd quarter 2018 Inventory valuation effect — — 436 81 — 517 Effect of changes in fair value — 9 — — — 9 Restructuring charges (44) (2) — — — (46) Asset impairment charges — (236) — — — (236) Gains (losses) on disposals of assets (2) — — — — (2) Other items (71) (3) — — — (74) Total (117) (232) 436 81 — 168 2 nd quarter 2017 Inventory valuation effect — — (268) (42) — (310) Effect of changes in fair value — (19) — — — (19) Restructuring charges (12) (3) (39) — — (54) Asset impairment charges (27) (5) — — — (32) Gains (losses) on disposals of assets — — — 125 — 125 Other items (50) (11) (26) (18) (42) (147) Total (89) (38) (333) 65 (42) (437) 1 st half 2018 Inventory valuation effect — — 412 60 — 472 Effect of changes in fair value — 1 — — — 1 Restructuring charges (59) (8) — — — (67) Asset impairment charges — (248) — — — (248) Gains (losses) on disposals of assets (103) — — — — (103) Other items (51) (58) (17) — (9) (135) Total (213) (313) 395 60 (9) (80) 1 st half 2017 Inventory valuation effect — — (210) (45) — (255) Effect of changes in fair value — (19) — — — (19) Restructuring charges (12) (8) (39) — — (59) Asset impairment charges (1,641) (59) (50) — — (1,750) Gains (losses) on disposals of assets — — 2,139 125 — 2,264 Other items (144) (78) (45) (18) (42) (327) Total (1,797) (164) 1,795 62 (42) (146)

Shareholders' equity

Shareholders' equity	6 Months Ended
	Jun. 30, 2018
Shareholders' equity
Shareholders' equity	4) Shareholders’ equity Treasury shares (TOTAL shares held by TOTAL S.A.) In accordance with the February 2018 announcements regarding the shareholder return policy over 2018-2020, TOTAL S.A. started share buybacks. At June 30, 2018, TOTAL S.A. holds 41,429,820 of its own shares, representing 1.55% of its share capital, detailed as follows: · 8,760,020 shares allocated to TOTAL share grant plans for Group employees; · 69,759 shares intended to be allocated to new TOTAL share purchase option plans or to new share grant plans; · 32,600,041 shares acquired and intended to be canceled out of which: o 9,820,488 shares definitively acquired during the first quarter and intended to be canceled, o 18,576,360 shares definitively acquired during the second quarter and intended to be canceled, o 4,203,193 shares corresponding to the portion not yet executed on June 30, 2018, of the share buyback for which the group is contractually bound. These shares are deducted from the consolidated shareholders’ equity. Dividend The Annual Shareholders’ Meeting on June 1, 2018 approved the payment of a dividend of €2.48 per share for the 2017 fiscal year. Taking into account the three interim dividends of €0.62 per share that have been paid on October 12, 2017, January 11 and April 9, 2018, the remaining balance of €0.62 per share was paid on June 28, 2018. The Annual Shareholders’ Meeting on June 1, 2018 approved that shareholders will be given the option to receive the 2017 final dividend in new shares or in cash. The share price of new shares has been set at €52.03 per share. This price is equal to the average opening price on Euronext Paris for the twenty trading days preceding June 1st, 2018, the date of the Annual Shareholders’ Meeting, reduced by the amount of the final dividend, without any discount. On June 28, 2018, 5,798,335 shares have been issued at a price of €52.03 per share. Another resolution has been approved at the Annual Shareholders’ Meeting on June 1, 2018, if one or more interim dividends are decided by the Board of Directors for the fiscal year 2018, then shareholders will be given the option to receive this or these interim dividends in new shares or in cash. The Board of Directors, during its April 25, 2018, meeting, decided to set the first interim dividend for the fiscal year 2018 at €0.64 per share. This interim dividend will be paid in cash or in shares on October 12, 2018 (the ex-dividend date will be September 25, 2018). The Board of Directors, during its July 25, 2018, meeting, decided to set the second interim dividend for the fiscal year 2018 at €0.64 per share. This interim dividend will be paid in cash or in shares on December 18, 2018 (the ex-dividend date will be January 10, 2019). Earnings per share in Euro Earnings per share in Euro, calculated from the earnings per share in U.S. dollars converted at the average Euro/USD exchange rate for the period, amounted to €1.16 per share for the 2 nd quarter 2018 (€0.81 per share for the 1 st quarter 2018 and €0.71 per share for the 2 nd quarter 2017). Diluted earnings per share calculated using the same method amounted to €1.16 per share for the 2 nd quarter 2018 (€0.81 per share for the 1 st quarter 2018 and €0.71 per share for the 2 nd quarter 2017). Earnings per share are calculated after remuneration of perpetual subordinated notes. Other comprehensive income Detail of other comprehensive income showing items reclassified from equity to net income is presented in the table below: (M$) 1 st half 2018 1 st half 2017 Actuarial gains and losses 67 158 Change in fair value of investments in equity instruments 5 — Tax effect (18) (53) Currency translation adjustment generated by the parent company (2,630) 5,464 Sub-total items not potentially reclassifiable to profit and loss (2,576) 5,569 Currency translation adjustment 968 (1,418) - unrealized gain/(loss) of the period 1,078 (1,372) - less gain/(loss) included in net income 110 46 Available for sale financial assets — — - unrealized gain/(loss) of the period — — - less gain/(loss) included in net income — — Cash flow hedge 255 34 - unrealized gain/(loss) of the period 142 164 - less gain/(loss) included in net income (113) 130 Variation of foreign currency basis spread (27) — - unrealized gain/(loss) of the period (27) — - less gain/(loss) included in net income — — Share of other comprehensive income of equity affiliates, net amount (132) (463) - unrealized gain/(loss) of the period (93) (465) - less gain/(loss) included in net income 39 (2) Other (2) — Tax effect (75) (9) Sub-total items potentially reclassifiable to profit and loss 987 (1,856) Total other comprehensive income, net amount (1,589) 3,713 Tax effects relating to each component of other comprehensive income are as follows: 1 st half 2018 1 st half 2017 (M$) Pre-tax amount Tax effect Net amount Pre-tax amount Tax effect Net amount Actuarial gains and losses 67 (18) 49 158 (53) 105 Change in fair value of investments in equity instruments 5 — 5 — — — Currency translation adjustment generated by the parent company (2,630) — (2,630) 5,464 — 5,464 Sub-total items not potentially reclassifiable to profit and loss (2,558) (18) (2,576) 5,622 (53) 5,569 Currency translation adjustment 968 — 968 (1,418) — (1,418) Available for sale financial assets — — — — (1) (1) Cash flow hedge 255 (81) 174 34 (8) 26 Variation of foreign currency basis spread (27) 6 (21) — — — Share of other comprehensive income of equity affiliates, net amount (132) — (132) (463) — (463) Other (2) — (2) — — — Sub-total items potentially reclassifiable to profit and loss 1,062 (75) 987 (1,847) (9) (1,856) Total other comprehensive income (1,496) (93) (1,589) 3,775 (62) 3,713

Financial debt

Financial debt	6 Months Ended
	Jun. 30, 2018
Financial debt
Financial debt	5) Financial debt The Group has not issued any bond during the first six months of 2018. The Group reimbursed bonds during the first six months of 2018: - Bond 1.450% issued in 2013 and maturing in January 2018 (USD 1,000 million) - Bond 2.500% issued in 2013 and maturing in June 2018 (NOK 600 million) - Bond with floating rate coupon issued in 2014 and maturing in June 2018 (USD 135 million) - Bond 3.125% issued in several tranches between 2006 / 2008 and maturing in June 2018 (CHF 525 million)

Related parties

Related parties	6 Months Ended
	Jun. 30, 2018
Related parties
Related parties	6) Related parties The related parties are principally equity affiliates and non-consolidated investments. There were no major changes concerning transactions with related parties during the first six months of 2018.

Other risks and contingent liab

Other risks and contingent liabilities	6 Months Ended
	Jun. 30, 2018
Other risks and contingent liabilities
Other risks and contingent liabilities	7) Other risks and contingent liabilities TOTAL is not currently aware of any exceptional event, dispute, risks or contingent liabilities that could have a material impact on the assets and liabilities, results, financial position or operations of the Group. Alitalia In the Marketing & Services segment, a civil proceeding was initiated in Italy, in 2013, against TOTAL S.A. and its subsidiary Total Aviazione Italia Srl before the competent Italian civil court. The plaintiff claims against TOTAL S.A., its subsidiary and other third parties, damages that it estimates to be nearly €908 million. This proceeding follows practices that had been condemned by the Italian competition authority in 2006. The parties have exchanged preliminary findings and a request for an expert opinion has been approved by the court. The existence and the assessment of the alleged damages in this procedure involving multiple defendants remain contested. FERC The Office of Enforcement of the U.S. Federal Energy Regulatory Commission (FERC) began in 2015 an investigation in connection with the natural gas trading activities in the United States of Total Gas & Power North America, Inc. (TGPNA), a U.S. subsidiary of the Group. The investigation covered transactions made by TGPNA between June 2009 and June 2012 on the natural gas market. TGPNA received a Notice of Alleged Violations from FERC on September 21, 2015. On April 28, 2016, FERC issued an order to show cause to TGPNA and two of its former employees, and to TOTAL S.A. and Total Gas & Power Ltd., regarding the same facts. TGPNA contests the claims brought against it. A class action has been launched to seek damages from these three companies and was dismissed by a judgment of the U.S. District court of New York issued on March 15, 2017. The court of Appeal upheld this judgment. Yemen Due to the security conditions in the vicinity of Balhaf, Yemen LNG, in which the Group holds a stake of 39.62%, stopped its commercial production and export of LNG in April 2015, when it declared Force Majeure to its various stakeholders. The plant is in a preservation mode.

Information by business segment

Information by business segment	6 Months Ended
	Jun. 30, 2018
Information by business segment
Information by business segment	8) Information by business segment Exploration Gas, Refining Marketing 1 st half 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 5,865 7,359 45,088 43,836 3 — 102,151 Intersegment sales 14,717 898 17,396 491 34 (33,536) — Excise taxes — — (1,714) (11,043) — — (12,757) Revenues from sales 20,582 8,257 60,770 33,284 37 (33,536) 89,394 Operating expenses (8,979) (8,096) (58,248) (31,919) (399) 33,536 (74,105) Depreciation, depletion and impairment of tangible assets and mineral interests (4,834) (534) (617) (346) (20) — (6,351) Operating income 6,769 (373) 1,905 1,019 (382) — 8,938 Net income (loss) from equity affiliates and other items 1,210 162 417 193 9 — 1,991 Tax on net operating income (3,322) (34) (383) (297) 181 — (3,855) Net operating income 4,657 (245) 1,939 915 (192) — 7,074 Net cost of net debt (791) Non-controlling interests 74 Net income - group share 6,357 Exploration Gas, Refining Marketing 1 st half 2018 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — 13 — — — — 13 Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — 13 — — — — 13 Operating expenses (150) (101) 531 105 (9) — 376 Depreciation, depletion and impairment of tangible assets and mineral interests — (446) — — — — (446) Operating income (b) (150) (534) 531 105 (9) — (57) Net income (loss) from equity affiliates and other items (167) (15) 25 — — — (157) Tax on net operating income 104 (4) (158) (35) — — (93) Net operating income (b) (213) (553) 398 70 (9) — (307) Net cost of net debt (19) Non-controlling interests 246 Net income - group share (80) (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 — — 531 105 — - On net operating income — — 415 70 — Exploration Gas, Refining Marketing 1 st half 2018 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 5,865 7,346 45,088 43,836 3 — 102,138 Intersegment sales 14,717 898 17,396 491 34 (33,536) — Excise taxes — — (1,714) (11,043) — — (12,757) Revenues from sales 20,582 8,244 60,770 33,284 37 (33,536) 89,381 Operating expenses (8,829) (7,995) (58,779) (32,024) (390) 33,536 (74,481) Depreciation, depletion and impairment of tangible assets and mineral interests (4,834) (88) (617) (346) (20) — (5,905) Adjusted operating income 6,919 161 1,374 914 (373) — 8,995 Net income (loss) from equity affiliates and other items 1,377 177 392 193 9 — 2,148 Tax on net operating income (3,426) (30) (225) (262) 181 — (3,762) Adjusted net operating income 4,870 308 1,541 845 (183) — 7,381 Net cost of net debt (772) Non-controlling interests (172) Adjusted net income - group share 6,437 Exploration Gas, Refining Marketing 1 st half 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 8,851 328 736 538 58 — 10,511 Total divestments 2,751 483 349 273 3 — 3,859 Cash flow from operating activities (*) 8,197 (75) (110) 781 (466) — 8,327 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated. Exploration Gas, Refining Marketing 1 st half 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 4,171 5,868 35,921 35,129 9 — 81,098 Intersegment sales 10,666 583 12,362 443 195 (24,249) — Excise taxes — — (1,381) (9,142) — — (10,523) Revenues from sales 14,837 6,451 46,902 26,430 204 (24,249) 70,575 Operating expenses (7,234) (6,326) (44,796) (25,394) (552) 24,249 (60,053) Depreciation, depletion and impairment of tangible assets and mineral interests (6,412) (112) (532) (302) (19) — (7,377) Operating income 1,191 13 1,574 734 (367) — 3,145 Net income (loss) from equity affiliates and other items 677 (32) 2,601 288 16 — 3,550 Tax on net operating income (951) (61) (498) (231) 385 — (1,356) Net operating income 917 (80) 3,677 791 34 — 5,339 Net cost of net debt (533) Non-controlling interests 80 Net income - group share 4,886 Exploration Gas, Refining Marketing 1 st half 2017 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — (27) — — — — (27) Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — (27) — — — — (27) Operating expenses (117) (114) (354) (95) (64) — (744) Depreciation, depletion and impairment of tangible assets and mineral interests (1,869) (25) (50) — — — (1,944) Operating income (b) (1,986) (166) (404) (95) (64) — (2,715) Net income (loss) from equity affiliates and other items (214) (79) 2,156 126 — — 1,989 Tax on net operating income 376 9 41 26 22 — 474 Net operating income (b) (1,824) (236) 1,793 57 (42) — (252) Net cost of net debt (14) Non-controlling interests 120 Net income - group share (146) (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 — — (289) (69) — - On net operating income — — (212) (50) — Exploration Gas, Refining Marketing 1 st half 2017 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 4,171 5,895 35,921 35,129 9 — 81,125 Intersegment sales 10,666 583 12,362 443 195 (24,249) — Excise taxes — — (1,381) (9,142) — — (10,523) Revenues from sales 14,837 6,478 46,902 26,430 204 (24,249) 70,602 Operating expenses (7,117) (6,212) (44,442) (25,299) (488) 24,249 (59,309) Depreciation, depletion and impairment of tangible assets and mineral interests (4,543) (87) (482) (302) (19) — (5,433) Adjusted operating income 3,177 179 1,978 829 (303) — 5,860 Net income (loss) from equity affiliates and other items 891 47 445 162 16 — 1,561 Tax on net operating income (1,327) (70) (539) (257) 363 — (1,830) Adjusted net operating income 2,741 156 1,884 734 76 — 5,591 Net cost of net debt (519) Non-controlling interests (40) Adjusted net income - group share 5,032 Exploration Gas, Refining Marketing 1 st half 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 6,084 392 667 697 43 — 7,883 Total divestments 245 27 2,760 218 8 — 3,258 Cash flow from operating activities (*) 5,637 40 3,729 582 (647) — 9,341 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated. Exploration Gas, Refining Marketing 2 nd quarter 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 3,398 3,268 23,349 22,528 (3) — 52,540 Intersegment sales 7,793 430 9,440 293 (63) (17,893) — Excise taxes — — (867) (5,571) — — (6,438) Revenues from sales 11,191 3,698 31,922 17,250 (66) (17,893) 46,102 Operating expenses (4,934) (3,570) (30,369) (16,416) (122) 17,893 (37,518) Depreciation, depletion and impairment of tangible assets and mineral interests (2,484) (464) (304) (172) (11) — (3,435) Operating income 3,773 (336) 1,249 662 (199) — 5,149 Net income (loss) from equity affiliates and other items 569 128 289 107 11 — 1,104 Tax on net operating income (1,772) (19) (279) (194) 85 — (2,179) Net operating income 2,570 (227) 1,259 575 (103) — 4,074 Net cost of net debt (440) Non-controlling interests 87 Net income - group share 3,721 Exploration Gas, Refining Marketing 2 nd quarter 2018 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — 24 — — — — 24 Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — 24 — — — — 24 Operating expenses (97) (9) 569 134 — — 597 Depreciation, depletion and impairment of tangible assets and mineral interests — (424) — — — — (424) Operating income (b) (97) (409) 569 134 — — 197 Net income (loss) from equity affiliates and other items (66) (4) 46 1 — — (23) Tax on net operating income 46 (7) (177) (38) — — (176) Net operating income (b) (117) (420) 438 97 — — (2) Net cost of net debt (9) Non-controlling interests 179 Net income - group share 168 (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 — — 569 134 — - On net operating income — — 438 97 — Exploration Gas, Refining Marketing 2 nd quarter 2018 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 3,398 3,244 23,349 22,528 (3) — 52,516 Intersegment sales 7,793 430 9,440 293 (63) (17,893) — Excise taxes — — (867) (5,571) — — (6,438) Revenues from sales 11,191 3,674 31,922 17,250 (66) (17,893) 46,078 Operating expenses (4,837) (3,561) (30,938) (16,550) (122) 17,893 (38,115) Depreciation, depletion and impairment of tangible assets and mineral interests (2,484) (40) (304) (172) (11) — (3,011) Adjusted operating income 3,870 73 680 528 (199) — 4,952 Net income (loss) from equity affiliates and other items 635 132 243 106 11 — 1,127 Tax on net operating income (1,818) (12) (102) (156) 85 — (2,003) Adjusted net operating income 2,687 193 821 478 (103) — 4,076 Net cost of net debt (431) Non-controlling interests (92) Adjusted net income - group share 3,553 Exploration Gas, Refining Marketing 2 nd quarter 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 2,980 79 404 310 14 — 3,787 Total divestments 500 405 324 45 — — 1,274 Cash flow from operating activities (*) 4,628 104 999 841 (326) — 6,246 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated. Exploration Gas, Refining Marketing 2 nd quarter 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 2,068 2,671 17,347 17,831 (2) — 39,915 Intersegment sales 5,118 274 6,016 169 90 (11,667) — Excise taxes — — (680) (4,753) — — (5,433) Revenues from sales 7,186 2,945 22,683 13,247 88 (11,667) 34,482 Operating expenses (3,547) (2,857) (21,918) (12,729) (319) 11,667 (29,703) Depreciation, depletion and impairment of tangible assets and mineral interests (2,344) (40) (245) (158) (11) — (2,798) Operating income 1,295 48 520 360 (242) — 1,981 Net income (loss) from equity affiliates and other items 487 13 148 258 (6) — 900 Tax on net operating income (512) (24) (142) (123) 214 — (587) Net operating income 1,270 37 526 495 (34) — 2,294 Net cost of net debt (267) Non-controlling interests 10 Net income - group share 2,037 Exploration Gas, Refining Marketing 2 nd quarter 2017 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — (27) — — — — (27) Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — (27) — — — — (27) Operating expenses (117) (25) (411) (80) (64) — (697) Depreciation, depletion and impairment of tangible assets and mineral interests (15) 1 — — — — (14) Operating income (b) (132) (51) (411) (80) (64) — (738) Net income (loss) from equity affiliates and other items (4) (16) (53) 121 — — 48 Tax on net operating income 47 9 129 21 22 — 228 Net operating income (b) (89) (58) (335) 62 (42) — (462) Net cost of net debt (7) Non-controlling interests 32 Net income - group share (437) (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 — — (372) (54) — - On net operating income — — (270) (45) — Exploration Gas, Refining Marketing 2 nd quarter 2017 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 2,068 2,698 17,347 17,831 (2) — 39,942 Intersegment sales 5,118 274 6,016 169 90 (11,667) — Excise taxes — — (680) (4,753) — — (5,433) Revenues from sales 7,186 2,972 22,683 13,247 88 (11,667) 34,509 Operating expenses (3,430) (2,832) (21,507) (12,649) (255) 11,667 (29,006) Depreciation, depletion and impairment of tangible assets and mineral interests (2,329) (41) (245) (158) (11) — (2,784) Adjusted operating income 1,427 99 931 440 (178) — 2,719 Net income (loss) from equity affiliates and other items 491 29 201 137 (6) — 852 Tax on net operating income (559) (33) (271) (144) 192 — (815) Adjusted net operating income 1,359 95 861 433 8 — 2,756 Net cost of net debt (260) Non-controlling interests (22) Adjusted net income - group share 2,474 Exploration Gas, Refining Marketing 2 nd quarter 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 3,448 77 401 258 21 — 4,205 Total divestments 132 23 20 182 3 — 360 Cash flow from operating activities (*) 2,836 (100) 1,967 251 (314) — 4,640 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated.

Reconciliation of the informati

Reconciliation of the information by business segment with consolidated financial statements	6 Months Ended
	Jun. 30, 2018
Reconciliation of the information by business segment with consolidated financial statements
Reconciliation of the information by business segment with consolidated financial statements	9) Reconciliation of the information by business segment with consolidated financial statements Consolidated 1 st half 2018 statement (M$) Adjusted Adjustments (a) of income Sales 102,138 13 102,151 Excise taxes (12,757) — (12,757) Revenues from sales 89,381 13 89,394 Purchases net of inventory variation (60,623) 578 (60,045) Other operating expenses (13,496) (202) (13,698) Exploration costs (362) — (362) Depreciation, depletion and impairment of tangible assets and mineral interests (5,905) (446) (6,351) Other income 628 147 775 Other expense (115) (488) (603) Financial interest on debt (849) (19) (868) Financial income and expense from cash & cash equivalents (95) — (95) Cost of net debt (944) (19) (963) Other financial income 561 — 561 Other financial expense (329) — (329) Net income (loss) from equity affiliates 1,403 184 1,587 Income taxes (3,590) (93) (3,683) Consolidated net income 6,609 (326) 6,283 Group share 6,437 (80) 6,357 Non-controlling interests 172 (246) (74) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. Consolidated 1 st half 2017 statement (M$) Adjusted Adjustments (a) of income Sales 81,125 (27) 81,098 Excise taxes (10,523) — (10,523) Revenues from sales 70,602 (27) 70,575 Purchases net of inventory variation (46,929) (456) (47,385) Other operating expenses (11,984) (288) (12,272) Exploration costs (396) — (396) Depreciation, depletion and impairment of tangible assets and mineral interests (5,433) (1,944) (7,377) Other income 314 2,581 2,895 Other expense (116) (281) (397) Financial interest on debt (662) (14) (676) Financial income and expense from cash & cash equivalents (48) — (48) Cost of net debt (710) (14) (724) Other financial income 513 — 513 Other financial expense (319) — (319) Net income (loss) from equity affiliates 1,169 (311) 858 Income taxes (1,639) 474 (1,165) Consolidated net income 5,072 (266) 4,806 Group share 5,032 (146) 4,886 Non-controlling interests 40 (120) (80) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. Consolidated 2 nd quarter 2018 statement (M$) Adjusted Adjustments (a) of income Sales 52,516 24 52,540 Excise taxes (6,438) — (6,438) Revenues from sales 46,078 24 46,102 Purchases net of inventory variation (31,263) 664 (30,599) Other operating expenses (6,694) (67) (6,761) Exploration costs (158) — (158) Depreciation, depletion and impairment of tangible assets and mineral interests (3,011) (424) (3,435) Other income 254 (2) 252 Other expense (55) (358) (413) Financial interest on debt (469) (9) (478) Financial income and expense from cash & cash equivalents (54) — (54) Cost of net debt (523) (9) (532) Other financial income 321 — 321 Other financial expense (159) — (159) Net income (loss) from equity affiliates 766 337 1,103 Income taxes (1,911) (176) (2,087) Consolidated net income 3,645 (11) 3,634 Group share 3,553 168 3,721 Non-controlling interests 92 (179) (87) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. Consolidated 2 nd quarter 2017 statement (M$) Adjusted Adjustments (a) of income Sales 39,942 (27) 39,915 Excise taxes (5,433) — (5,433) Revenues from sales 34,509 (27) 34,482 Purchases net of inventory variation (22,939) (459) (23,398) Other operating expenses (5,868) (238) (6,106) Exploration costs (199) — (199) Depreciation, depletion and impairment of tangible assets and mineral interests (2,784) (14) (2,798) Other income 206 364 570 Other expense (58) (48) (106) Financial interest on debt (338) (7) (345) Financial income and expense from cash & cash equivalents (37) — (37) Cost of net debt (375) (7) (382) Other financial income 285 — 285 Other financial expense (159) — (159) Net income (loss) from equity affiliates 578 (268) 310 Income taxes (700) 228 (472) Consolidated net income 2,496 (469) 2,027 Group share 2,474 (437) 2,037 Non-controlling interests 22 (32) (10) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

Post-closing and other events

Post-closing and other events	6 Months Ended
	Jun. 30, 2018
Post-closing and other events
Post-closing and other events	10) Post-closing and other events Ø Gas, Renewables & Power · On July 6, 2018, TOTAL announced the closing of the acquisition of a 73.04% interest in Direct Energie for an estimated amount of €1.4 billion and on the same day filed a mandatory tender offer for the shares in Direct Energie not yet held by TOTAL. · On July 13, 2018, TOTAL announced the closing of the acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5 billion.

Accounting policies (Policies)

Accounting policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting policies
Basis of preparation of the consolidated financial statements	The consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and IFRS as published by the International Accounting Standards Board (IASB). The interim consolidated financial statements of TOTAL S.A. and its subsidiaries (the Group) as of June 30, 2018, are presented in U.S. dollars and have been prepared in accordance with International Accounting Standard (IAS) 34 “Interim Financial Reporting”. The accounting principles applied for the consolidated financial statements at June 30, 2018, are consistent with those used for the financial statements at December 31, 2017, with the exception of those texts or amendments that must be applied for periods beginning January 1, 2018.
First-time application of IFRS 15 "Revenue from Contracts with Customers"	- First-time application of IFRS 15 "Revenue from Contracts with Customers" The Group applied IFRS 15 as of January 1, 2018, without restating comparative information from past periods. The cumulative effect of the first application of the standard, recognized in equity as at January 1, 2018, is non-material. The new standard does not lead to any material change in the accounting principles applied by the Group.
First time application of IFRS 9 "Financial Instruments"	- First time application of IFRS 9 "Financial Instruments" The Group applied IFRS 9 as of January 1, 2018 without restating comparative information from past periods. The impacts related to the first application of the standard, recognized in opening equity at January 1, 2018, are not material. This standard has three components: classification and measurement of financial instruments, impairment of financial assets, and hedging transactions except macro hedging The main changes induced by each component are the following: 1. The application of the "Classification and valuation of financial instruments" component led the Group to create a new non-recyclable component in its comprehensive income to record, from January 1, 2018, changes in the fair value of "Investments in equity instruments at the fair value through equity" previously classified as "Available-for-sale financial assets "under IAS 39. 2. The application of the "Impairment of financial assets" component has no significant impact for the Group on January 1, 2018. 3. The application of the "Hedging transactions" component led the Group to recognize in a separate component of the comprehensive income the changes in the Foreign Currency Basis Spread identified in the hedging relationships qualifying as a fair value hedge. The application of the provisions of IFRS 9 "Financial Instruments" has no significant effect on the Group's balance sheet, income statement and consolidated equity as of June 30, 2018.
Major judgments and accounting estimates	The preparation of financial statements in accordance with IFRS for the closing as of June 30, 2018, requires the executive management to make estimates, assumptions and judgments that affect the information reported in the Consolidated Financial Statements and the Notes thereto. These estimates, assumptions and judgments are based on historical experience and other factors believed to be reasonable at the date of preparation of the financial statements. They are reviewed on an on-going basis by management and therefore could be revised as circumstances change or as a result of new information. Different estimates, assumptions and judgments could significantly affect the information reported, and actual results may differ from the amounts included in the Consolidated Financial Statements and the Notes thereto. The main estimates, judgments and assumptions relate to the estimation of hydrocarbon reserves in application of the successful efforts method for the oil and gas activities, the impairment of assets, the employee benefits, the asset retirement obligations and the income taxes. These estimates and assumptions are described in the Notes to the Consolidated Financial Statements as of December 31, 2017.
Judgments in case of transactions not addressed by any accounting standard or interpretation	Furthermore, when the accounting treatment of a specific transaction is not addressed by any accounting standard or interpretation, the management applies its judgment to define and apply accounting policies that provide information consistent with the general IFRS concepts: faithful representation, relevance and materiality.
Application of IFRS 16 "Leases" on January 1, 2019	As regards the application of IFRS 16 "Leases" on January 1, 2019, the Group intends to: - apply the simplified retrospective transition method, by accounting for the cumulative effect of the initial application of the standard at the date of first application, without restating the comparative periods - use the following simplification measures provided by the standard in the transitional provisions: o not apply the standard to contracts that the Group had not previously identified as containing a lease under IAS 17 and IFRIC 4, o not take into account leases whose term ends within 12 months of the date of first application - recognize each lease component of the lease as a separate lease, apart from non-lease components (services) of the lease.

Changes in the Group structure

Changes in the Group structure (Tables)	6 Months Ended
	Jun. 30, 2018
Marathon Oil Lybia Limited
Major business combinations
Summary of provisional purchase price allocation	($ million) At the acquisition date Intangible assets 326 Tangible assets 192 Other assets and liabilities (91) Net debt 24 Fair value of consideration transferred 451
Maersk Oil
Major business combinations
Summary of provisional purchase price allocation	($ million) At the acquisition date Goodwill 2,628 Intangible assets 4,227 Tangible assets 4,033 Other assets and liabilities (3,223) Including provision for site restitution (2,100) Including deferred tax (675) Net debt (1,924) Fair value of consideration transferred 5,741
Lapa and Iara concessions | Transfer of rights in the Lapa and Iara Concessions in Brazil
Major business combinations
Summary of provisional purchase price allocation	($ million) At the acquisition date Intangible assets 1,072 Tangible assets 1,662 Other assets and liabilities (119) Net debt (665) Fair value of consideration transferred 1,950

Adjustment items (Tables)

Adjustment items (Tables)	6 Months Ended
	Jun. 30, 2018
Adjustment items
Schedule of detail of the adjustment items	ADJUSTMENTS TO OPERATING INCOME Exploration Gas, Refining Marketing Corporate Total & Renewables & & (M$) Production & Power Chemicals Services 2 nd quarter 2018 Inventory valuation effect — — 569 134 — 703 Effect of changes in fair value — 16 — — — 16 Restructuring charges — — — — — — Asset impairment charges — (424) — — — (424) Other items (97) (1) — — — (98) Total (97) (409) 569 134 — 197 2 nd quarter 2017 Inventory valuation effect — — (372) (54) — (426) Effect of changes in fair value — (27) — — — (27) Restructuring charges (40) — — — — (40) Asset impairment charges (15) 1 — — — (14) Other items (77) (25) (39) (26) (64) (231) Total (132) (51) (411) (80) (64) (738) 1 st half 2018 Inventory valuation effect — — 531 105 — 636 Effect of changes in fair value — 5 — — — 5 Restructuring charges (53) — — — — (53) Asset impairment charges — (446) — — — (446) Other items (97) (93) — — (9) (199) Total (150) (534) 531 105 (9) (57) 1 st half 2017 Inventory valuation effect — — (289) (69) — (358) Effect of changes in fair value — (27) — — — (27) Restructuring charges (40) — — — — (40) Asset impairment charges (1,869) (25) (50) — — (1,944) Other items (77) (114) (65) (26) (64) (346) Total (1,986) (166) (404) (95) (64) (2,715) ADJUSTMENTS TO NET INCOME, GROUP SHARE Exploration Gas, Refining Marketing Corporate Total & Renewables & & (M$) Production & Power Chemicals Services 2 nd quarter 2018 Inventory valuation effect — — 436 81 — 517 Effect of changes in fair value — 9 — — — 9 Restructuring charges (44) (2) — — — (46) Asset impairment charges — (236) — — — (236) Gains (losses) on disposals of assets (2) — — — — (2) Other items (71) (3) — — — (74) Total (117) (232) 436 81 — 168 2 nd quarter 2017 Inventory valuation effect — — (268) (42) — (310) Effect of changes in fair value — (19) — — — (19) Restructuring charges (12) (3) (39) — — (54) Asset impairment charges (27) (5) — — — (32) Gains (losses) on disposals of assets — — — 125 — 125 Other items (50) (11) (26) (18) (42) (147) Total (89) (38) (333) 65 (42) (437) 1 st half 2018 Inventory valuation effect — — 412 60 — 472 Effect of changes in fair value — 1 — — — 1 Restructuring charges (59) (8) — — — (67) Asset impairment charges — (248) — — — (248) Gains (losses) on disposals of assets (103) — — — — (103) Other items (51) (58) (17) — (9) (135) Total (213) (313) 395 60 (9) (80) 1 st half 2017 Inventory valuation effect — — (210) (45) — (255) Effect of changes in fair value — (19) — — — (19) Restructuring charges (12) (8) (39) — — (59) Asset impairment charges (1,641) (59) (50) — — (1,750) Gains (losses) on disposals of assets — — 2,139 125 — 2,264 Other items (144) (78) (45) (18) (42) (327) Total (1,797) (164) 1,795 62 (42) (146)

Shareholders' equity (Tables)

Shareholders' equity (Tables)	6 Months Ended
	Jun. 30, 2018
Shareholders' equity
Detail of other comprehensive income	Detail of other comprehensive income showing items reclassified from equity to net income is presented in the table below: (M$) 1 st half 2018 1 st half 2017 Actuarial gains and losses 67 158 Change in fair value of investments in equity instruments 5 — Tax effect (18) (53) Currency translation adjustment generated by the parent company (2,630) 5,464 Sub-total items not potentially reclassifiable to profit and loss (2,576) 5,569 Currency translation adjustment 968 (1,418) - unrealized gain/(loss) of the period 1,078 (1,372) - less gain/(loss) included in net income 110 46 Available for sale financial assets — — - unrealized gain/(loss) of the period — — - less gain/(loss) included in net income — — Cash flow hedge 255 34 - unrealized gain/(loss) of the period 142 164 - less gain/(loss) included in net income (113) 130 Variation of foreign currency basis spread (27) — - unrealized gain/(loss) of the period (27) — - less gain/(loss) included in net income — — Share of other comprehensive income of equity affiliates, net amount (132) (463) - unrealized gain/(loss) of the period (93) (465) - less gain/(loss) included in net income 39 (2) Other (2) — Tax effect (75) (9) Sub-total items potentially reclassifiable to profit and loss 987 (1,856) Total other comprehensive income, net amount (1,589) 3,713 Tax effects relating to each component of other comprehensive income are as follows: 1 st half 2018 1 st half 2017 (M$) Pre-tax amount Tax effect Net amount Pre-tax amount Tax effect Net amount Actuarial gains and losses 67 (18) 49 158 (53) 105 Change in fair value of investments in equity instruments 5 — 5 — — — Currency translation adjustment generated by the parent company (2,630) — (2,630) 5,464 — 5,464 Sub-total items not potentially reclassifiable to profit and loss (2,558) (18) (2,576) 5,622 (53) 5,569 Currency translation adjustment 968 — 968 (1,418) — (1,418) Available for sale financial assets — — — — (1) (1) Cash flow hedge 255 (81) 174 34 (8) 26 Variation of foreign currency basis spread (27) 6 (21) — — — Share of other comprehensive income of equity affiliates, net amount (132) — (132) (463) — (463) Other (2) — (2) — — — Sub-total items potentially reclassifiable to profit and loss 1,062 (75) 987 (1,847) (9) (1,856) Total other comprehensive income (1,496) (93) (1,589) 3,775 (62) 3,713

Information by business segme21

Information by business segment (Tables)	6 Months Ended
	Jun. 30, 2018
Information by business segment
Schedule of information by business segment	Exploration Gas, Refining Marketing 1 st half 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 5,865 7,359 45,088 43,836 3 — 102,151 Intersegment sales 14,717 898 17,396 491 34 (33,536) — Excise taxes — — (1,714) (11,043) — — (12,757) Revenues from sales 20,582 8,257 60,770 33,284 37 (33,536) 89,394 Operating expenses (8,979) (8,096) (58,248) (31,919) (399) 33,536 (74,105) Depreciation, depletion and impairment of tangible assets and mineral interests (4,834) (534) (617) (346) (20) — (6,351) Operating income 6,769 (373) 1,905 1,019 (382) — 8,938 Net income (loss) from equity affiliates and other items 1,210 162 417 193 9 — 1,991 Tax on net operating income (3,322) (34) (383) (297) 181 — (3,855) Net operating income 4,657 (245) 1,939 915 (192) — 7,074 Net cost of net debt (791) Non-controlling interests 74 Net income - group share 6,357 Exploration Gas, Refining Marketing 1 st half 2018 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — 13 — — — — 13 Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — 13 — — — — 13 Operating expenses (150) (101) 531 105 (9) — 376 Depreciation, depletion and impairment of tangible assets and mineral interests — (446) — — — — (446) Operating income (b) (150) (534) 531 105 (9) — (57) Net income (loss) from equity affiliates and other items (167) (15) 25 — — — (157) Tax on net operating income 104 (4) (158) (35) — — (93) Net operating income (b) (213) (553) 398 70 (9) — (307) Net cost of net debt (19) Non-controlling interests 246 Net income - group share (80) (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 — — 531 105 — - On net operating income — — 415 70 — Exploration Gas, Refining Marketing 1 st half 2018 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 5,865 7,346 45,088 43,836 3 — 102,138 Intersegment sales 14,717 898 17,396 491 34 (33,536) — Excise taxes — — (1,714) (11,043) — — (12,757) Revenues from sales 20,582 8,244 60,770 33,284 37 (33,536) 89,381 Operating expenses (8,829) (7,995) (58,779) (32,024) (390) 33,536 (74,481) Depreciation, depletion and impairment of tangible assets and mineral interests (4,834) (88) (617) (346) (20) — (5,905) Adjusted operating income 6,919 161 1,374 914 (373) — 8,995 Net income (loss) from equity affiliates and other items 1,377 177 392 193 9 — 2,148 Tax on net operating income (3,426) (30) (225) (262) 181 — (3,762) Adjusted net operating income 4,870 308 1,541 845 (183) — 7,381 Net cost of net debt (772) Non-controlling interests (172) Adjusted net income - group share 6,437 Exploration Gas, Refining Marketing 1 st half 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 8,851 328 736 538 58 — 10,511 Total divestments 2,751 483 349 273 3 — 3,859 Cash flow from operating activities (*) 8,197 (75) (110) 781 (466) — 8,327 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated. Exploration Gas, Refining Marketing 1 st half 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 4,171 5,868 35,921 35,129 9 — 81,098 Intersegment sales 10,666 583 12,362 443 195 (24,249) — Excise taxes — — (1,381) (9,142) — — (10,523) Revenues from sales 14,837 6,451 46,902 26,430 204 (24,249) 70,575 Operating expenses (7,234) (6,326) (44,796) (25,394) (552) 24,249 (60,053) Depreciation, depletion and impairment of tangible assets and mineral interests (6,412) (112) (532) (302) (19) — (7,377) Operating income 1,191 13 1,574 734 (367) — 3,145 Net income (loss) from equity affiliates and other items 677 (32) 2,601 288 16 — 3,550 Tax on net operating income (951) (61) (498) (231) 385 — (1,356) Net operating income 917 (80) 3,677 791 34 — 5,339 Net cost of net debt (533) Non-controlling interests 80 Net income - group share 4,886 Exploration Gas, Refining Marketing 1 st half 2017 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — (27) — — — — (27) Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — (27) — — — — (27) Operating expenses (117) (114) (354) (95) (64) — (744) Depreciation, depletion and impairment of tangible assets and mineral interests (1,869) (25) (50) — — — (1,944) Operating income (b) (1,986) (166) (404) (95) (64) — (2,715) Net income (loss) from equity affiliates and other items (214) (79) 2,156 126 — — 1,989 Tax on net operating income 376 9 41 26 22 — 474 Net operating income (b) (1,824) (236) 1,793 57 (42) — (252) Net cost of net debt (14) Non-controlling interests 120 Net income - group share (146) (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 — — (289) (69) — - On net operating income — — (212) (50) — Exploration Gas, Refining Marketing 1 st half 2017 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 4,171 5,895 35,921 35,129 9 — 81,125 Intersegment sales 10,666 583 12,362 443 195 (24,249) — Excise taxes — — (1,381) (9,142) — — (10,523) Revenues from sales 14,837 6,478 46,902 26,430 204 (24,249) 70,602 Operating expenses (7,117) (6,212) (44,442) (25,299) (488) 24,249 (59,309) Depreciation, depletion and impairment of tangible assets and mineral interests (4,543) (87) (482) (302) (19) — (5,433) Adjusted operating income 3,177 179 1,978 829 (303) — 5,860 Net income (loss) from equity affiliates and other items 891 47 445 162 16 — 1,561 Tax on net operating income (1,327) (70) (539) (257) 363 — (1,830) Adjusted net operating income 2,741 156 1,884 734 76 — 5,591 Net cost of net debt (519) Non-controlling interests (40) Adjusted net income - group share 5,032 Exploration Gas, Refining Marketing 1 st half 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 6,084 392 667 697 43 — 7,883 Total divestments 245 27 2,760 218 8 — 3,258 Cash flow from operating activities (*) 5,637 40 3,729 582 (647) — 9,341 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated. Exploration Gas, Refining Marketing 2 nd quarter 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 3,398 3,268 23,349 22,528 (3) — 52,540 Intersegment sales 7,793 430 9,440 293 (63) (17,893) — Excise taxes — — (867) (5,571) — — (6,438) Revenues from sales 11,191 3,698 31,922 17,250 (66) (17,893) 46,102 Operating expenses (4,934) (3,570) (30,369) (16,416) (122) 17,893 (37,518) Depreciation, depletion and impairment of tangible assets and mineral interests (2,484) (464) (304) (172) (11) — (3,435) Operating income 3,773 (336) 1,249 662 (199) — 5,149 Net income (loss) from equity affiliates and other items 569 128 289 107 11 — 1,104 Tax on net operating income (1,772) (19) (279) (194) 85 — (2,179) Net operating income 2,570 (227) 1,259 575 (103) — 4,074 Net cost of net debt (440) Non-controlling interests 87 Net income - group share 3,721 Exploration Gas, Refining Marketing 2 nd quarter 2018 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — 24 — — — — 24 Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — 24 — — — — 24 Operating expenses (97) (9) 569 134 — — 597 Depreciation, depletion and impairment of tangible assets and mineral interests — (424) — — — — (424) Operating income (b) (97) (409) 569 134 — — 197 Net income (loss) from equity affiliates and other items (66) (4) 46 1 — — (23) Tax on net operating income 46 (7) (177) (38) — — (176) Net operating income (b) (117) (420) 438 97 — — (2) Net cost of net debt (9) Non-controlling interests 179 Net income - group share 168 (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 — — 569 134 — - On net operating income — — 438 97 — Exploration Gas, Refining Marketing 2 nd quarter 2018 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 3,398 3,244 23,349 22,528 (3) — 52,516 Intersegment sales 7,793 430 9,440 293 (63) (17,893) — Excise taxes — — (867) (5,571) — — (6,438) Revenues from sales 11,191 3,674 31,922 17,250 (66) (17,893) 46,078 Operating expenses (4,837) (3,561) (30,938) (16,550) (122) 17,893 (38,115) Depreciation, depletion and impairment of tangible assets and mineral interests (2,484) (40) (304) (172) (11) — (3,011) Adjusted operating income 3,870 73 680 528 (199) — 4,952 Net income (loss) from equity affiliates and other items 635 132 243 106 11 — 1,127 Tax on net operating income (1,818) (12) (102) (156) 85 — (2,003) Adjusted net operating income 2,687 193 821 478 (103) — 4,076 Net cost of net debt (431) Non-controlling interests (92) Adjusted net income - group share 3,553 Exploration Gas, Refining Marketing 2 nd quarter 2018 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 2,980 79 404 310 14 — 3,787 Total divestments 500 405 324 45 — — 1,274 Cash flow from operating activities (*) 4,628 104 999 841 (326) — 6,246 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated. Exploration Gas, Refining Marketing 2 nd quarter 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 2,068 2,671 17,347 17,831 (2) — 39,915 Intersegment sales 5,118 274 6,016 169 90 (11,667) — Excise taxes — — (680) (4,753) — — (5,433) Revenues from sales 7,186 2,945 22,683 13,247 88 (11,667) 34,482 Operating expenses (3,547) (2,857) (21,918) (12,729) (319) 11,667 (29,703) Depreciation, depletion and impairment of tangible assets and mineral interests (2,344) (40) (245) (158) (11) — (2,798) Operating income 1,295 48 520 360 (242) — 1,981 Net income (loss) from equity affiliates and other items 487 13 148 258 (6) — 900 Tax on net operating income (512) (24) (142) (123) 214 — (587) Net operating income 1,270 37 526 495 (34) — 2,294 Net cost of net debt (267) Non-controlling interests 10 Net income - group share 2,037 Exploration Gas, Refining Marketing 2 nd quarter 2017 (adjustments) (a) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales — (27) — — — — (27) Intersegment sales — — — — — — — Excise taxes — — — — — — — Revenues from sales — (27) — — — — (27) Operating expenses (117) (25) (411) (80) (64) — (697) Depreciation, depletion and impairment of tangible assets and mineral interests (15) 1 — — — — (14) Operating income (b) (132) (51) (411) (80) (64) — (738) Net income (loss) from equity affiliates and other items (4) (16) (53) 121 — — 48 Tax on net operating income 47 9 129 21 22 — 228 Net operating income (b) (89) (58) (335) 62 (42) — (462) Net cost of net debt (7) Non-controlling interests 32 Net income - group share (437) (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 — — (372) (54) — - On net operating income — — (270) (45) — Exploration Gas, Refining Marketing 2 nd quarter 2017 (adjusted) & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Non-Group sales 2,068 2,698 17,347 17,831 (2) — 39,942 Intersegment sales 5,118 274 6,016 169 90 (11,667) — Excise taxes — — (680) (4,753) — — (5,433) Revenues from sales 7,186 2,972 22,683 13,247 88 (11,667) 34,509 Operating expenses (3,430) (2,832) (21,507) (12,649) (255) 11,667 (29,006) Depreciation, depletion and impairment of tangible assets and mineral interests (2,329) (41) (245) (158) (11) — (2,784) Adjusted operating income 1,427 99 931 440 (178) — 2,719 Net income (loss) from equity affiliates and other items 491 29 201 137 (6) — 852 Tax on net operating income (559) (33) (271) (144) 192 — (815) Adjusted net operating income 1,359 95 861 433 8 — 2,756 Net cost of net debt (260) Non-controlling interests (22) Adjusted net income - group share 2,474 Exploration Gas, Refining Marketing 2 nd quarter 2017 & Renewables & & Corporate Intercompany Total (M$) Production & Power Chemicals Services Total expenditures 3,448 77 401 258 21 — 4,205 Total divestments 132 23 20 182 3 — 360 Cash flow from operating activities (*) 2,836 (100) 1,967 251 (314) — 4,640 (*) As of January 1st, 2018, for a better reflection of the operating performance of the segments, financial expenses were all transferred to the Corporate segment. 2017 comparative information have been restated.

Reconciliation of the informa22

Reconciliation of the information by business segment with consolidated financial statements (Tables)	6 Months Ended
	Jun. 30, 2018
Reconciliation of the information by business segment with consolidated financial statements
Schedule of reconciliation of the information by business segment with consolidated financial statements	Consolidated 1 st half 2018 statement (M$) Adjusted Adjustments (a) of income Sales 102,138 13 102,151 Excise taxes (12,757) — (12,757) Revenues from sales 89,381 13 89,394 Purchases net of inventory variation (60,623) 578 (60,045) Other operating expenses (13,496) (202) (13,698) Exploration costs (362) — (362) Depreciation, depletion and impairment of tangible assets and mineral interests (5,905) (446) (6,351) Other income 628 147 775 Other expense (115) (488) (603) Financial interest on debt (849) (19) (868) Financial income and expense from cash & cash equivalents (95) — (95) Cost of net debt (944) (19) (963) Other financial income 561 — 561 Other financial expense (329) — (329) Net income (loss) from equity affiliates 1,403 184 1,587 Income taxes (3,590) (93) (3,683) Consolidated net income 6,609 (326) 6,283 Group share 6,437 (80) 6,357 Non-controlling interests 172 (246) (74) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. Consolidated 1 st half 2017 statement (M$) Adjusted Adjustments (a) of income Sales 81,125 (27) 81,098 Excise taxes (10,523) — (10,523) Revenues from sales 70,602 (27) 70,575 Purchases net of inventory variation (46,929) (456) (47,385) Other operating expenses (11,984) (288) (12,272) Exploration costs (396) — (396) Depreciation, depletion and impairment of tangible assets and mineral interests (5,433) (1,944) (7,377) Other income 314 2,581 2,895 Other expense (116) (281) (397) Financial interest on debt (662) (14) (676) Financial income and expense from cash & cash equivalents (48) — (48) Cost of net debt (710) (14) (724) Other financial income 513 — 513 Other financial expense (319) — (319) Net income (loss) from equity affiliates 1,169 (311) 858 Income taxes (1,639) 474 (1,165) Consolidated net income 5,072 (266) 4,806 Group share 5,032 (146) 4,886 Non-controlling interests 40 (120) (80) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. Consolidated 2 nd quarter 2018 statement (M$) Adjusted Adjustments (a) of income Sales 52,516 24 52,540 Excise taxes (6,438) — (6,438) Revenues from sales 46,078 24 46,102 Purchases net of inventory variation (31,263) 664 (30,599) Other operating expenses (6,694) (67) (6,761) Exploration costs (158) — (158) Depreciation, depletion and impairment of tangible assets and mineral interests (3,011) (424) (3,435) Other income 254 (2) 252 Other expense (55) (358) (413) Financial interest on debt (469) (9) (478) Financial income and expense from cash & cash equivalents (54) — (54) Cost of net debt (523) (9) (532) Other financial income 321 — 321 Other financial expense (159) — (159) Net income (loss) from equity affiliates 766 337 1,103 Income taxes (1,911) (176) (2,087) Consolidated net income 3,645 (11) 3,634 Group share 3,553 168 3,721 Non-controlling interests 92 (179) (87) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value. Consolidated 2 nd quarter 2017 statement (M$) Adjusted Adjustments (a) of income Sales 39,942 (27) 39,915 Excise taxes (5,433) — (5,433) Revenues from sales 34,509 (27) 34,482 Purchases net of inventory variation (22,939) (459) (23,398) Other operating expenses (5,868) (238) (6,106) Exploration costs (199) — (199) Depreciation, depletion and impairment of tangible assets and mineral interests (2,784) (14) (2,798) Other income 206 364 570 Other expense (58) (48) (106) Financial interest on debt (338) (7) (345) Financial income and expense from cash & cash equivalents (37) — (37) Cost of net debt (375) (7) (382) Other financial income 285 — 285 Other financial expense (159) — (159) Net income (loss) from equity affiliates 578 (268) 310 Income taxes (700) 228 (472) Consolidated net income 2,496 (469) 2,027 Group share 2,474 (437) 2,037 Non-controlling interests 22 (32) (10) (a) Adjustments include special items, inventory valuation effect and the effect of changes in fair value.

Changes in the Group structur23

Changes in the Group structure - Main acquisitions and divestments (Details) $ in Millions	Mar. 18, 2018USD ($)item	Mar. 15, 2018	Jan. 15, 2018USD ($)	Jan. 31, 2018	Mar. 01, 2018USD ($)
Marathon Oil Lybia Limited
Main acquisitions and divestments
Acquisition cost					$ 451
Martin Linge field
Main acquisitions and divestments
Percentage of interest in joint operation sold		51.00%
Garantiana Discovery
Main acquisitions and divestments
Percentage of interest in joint operation sold		40.00%
TotalErg joint venture
Main acquisitions and divestments
Percentage of interest in joint venture sold by the co-venturer				51.00%
Percentage of interest in joint venture sold				49.00%
Lapa and Iara concessions | Transfer of rights in the Lapa and Iara Concessions in Brazil
Main acquisitions and divestments
Acquisition cost			$ 1,950
Lapa field | Transfer of rights in the Lapa and Iara Concessions in Brazil
Main acquisitions and divestments
Percentage of rights acquired			35.00%
Iara area | Transfer of rights in the Lapa and Iara Concessions in Brazil
Main acquisitions and divestments
Percentage of rights acquired			22.50%
Waha Concessions | Marathon Oil Lybia Limited
Main acquisitions and divestments
Percentage of acquired entity's interest in joint operation					16.33%
Umm Shaif & Nasr and Lower Zakum concessions
Main acquisitions and divestments
Number of offshore concessions in which participating interests awarded | item	2
Payment of global bonus for acquired interest	$ 1,450
Umm Shaif & Nasr concession
Main acquisitions and divestments
Percentage of interest acquired	20.00%
Lower Zakum concession
Main acquisitions and divestments
Percentage of interest acquired	5.00%

Changes in the Group structur24

Changes in the Group structure - Major business combinations, Lapa and Iara concessions (Details) - Transfer of rights in the Lapa and Iara Concessions in Brazil $ in Millions	Jan. 15, 2018USD ($)bbl / d
Lapa and Iara concessions
Major business combinations
Acquisition cost	$ 1,950
Provisional purchase price allocation
Intangible assets	1,072
Tangible assets	1,662
Other assets and liabilities	(119)
Net debt	(665)
Fair value of consideration transferred	$ 1,950
Lapa field
Major business combinations
Percentage of rights acquired	35.00%
FPSO capacity (in barrels per day) | bbl / d	100,000
Iara area
Major business combinations
Percentage of rights acquired	22.50%

Changes in the Group structur25

Changes in the Group structure - Major business combinations, Marathon Oil Lybia Limited (Details) - Marathon Oil Lybia Limited $ in Millions	Mar. 01, 2018USD ($)
Major business combinations
Acquisition cost	$ 451
Provisional purchase price allocation
Intangible assets	326
Tangible assets	192
Other assets and liabilities	(91)
Net debt	24
Fair value of consideration transferred	$ 451
Waha Concessions
Major business combinations
Percentage of acquired entity's interest in joint operation	16.33%

Changes in the Group structur26

Changes in the Group structure - Major business combinations, Maersk Oil (Details) - Mar. 08, 2018 - Maersk Oil $ in Millions	€ / shares	USD ($)EquityInstruments
Major business combinations
Purchase consideration		$ 5,741
Fair value of equity interest issued in consideration		$ 5,585
Shares issued in consideration | EquityInstruments		97,522,593
Market price of shares issued as consideration (in Euros per share) | € / shares	€ 46.11
Price adjustments paid on closing		$ 156
Provisional fair value of identifiable acquired assets, liabilities and contingent liabilities		3,113
Amounts recognised as of acquisition date for each major class of assets acquired and liabilities assumed [abstract]
Goodwill		2,628
Intangible assets		4,227
Tangible assets		4,033
Other assets and liabilities		(3,223)
Including provision for site restitution		(2,100)
Including deferred tax		(675)
Net debt		(1,924)
Fair value of consideration transferred		$ 5,741

Adjustment items (Details)

Adjustment items (Details) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)segment	Jun. 30, 2017USD ($)
Business segment information
Number of business segments | segment				4
Operating income	$ 5,149		$ 1,981	$ 8,938	$ 3,145
Net income, Group share	3,721	$ 2,636	2,037	6,357	4,886
Adjustments
Business segment information
Operating income	197		(738)	(57)	(2,715)
Net income, Group share	168		(437)	(80)	(146)
Adjustments - Inventory valuation effect
Business segment information
Operating income	703		(426)	636	(358)
Net income, Group share	517		(310)	472	(255)
Adjustments - Effect of changes in fair value
Business segment information
Operating income	16		(27)	5	(27)
Net income, Group share	9		(19)	1	(19)
Adjustments - Restructuring charges
Business segment information
Operating income			(40)	(53)	(40)
Net income, Group share	(46)		(54)	(67)	(59)
Adjustments - Asset impairment charges
Business segment information
Operating income	(424)		(14)	(446)	(1,944)
Net income, Group share	(236)		(32)	(248)	(1,750)
Adjustments - Gains (losses) on disposals of assets
Business segment information
Net income, Group share	(2)		125	(103)	2,264
Adjustments - Other items
Business segment information
Operating income	(98)		(231)	(199)	(346)
Net income, Group share	(74)		(147)	(135)	(327)
Exploration & Production
Business segment information
Operating income	3,773		1,295	6,769	1,191
Exploration & Production | Adjustments
Business segment information
Operating income	(97)		(132)	(150)	(1,986)
Net income, Group share	(117)		(89)	(213)	(1,797)
Exploration & Production | Adjustments - Restructuring charges
Business segment information
Operating income			(40)	(53)	(40)
Net income, Group share	(44)		(12)	(59)	(12)
Exploration & Production | Adjustments - Asset impairment charges
Business segment information
Operating income			(15)		(1,869)
Net income, Group share			(27)		(1,641)
Exploration & Production | Adjustments - Gains (losses) on disposals of assets
Business segment information
Net income, Group share	(2)			(103)
Exploration & Production | Adjustments - Other items
Business segment information
Operating income	(97)		(77)	(97)	(77)
Net income, Group share	(71)		(50)	(51)	(144)
Gas, Renewables & Power
Business segment information
Operating income	(336)		48	(373)	13
Gas, Renewables & Power | Adjustments
Business segment information
Operating income	(409)		(51)	(534)	(166)
Net income, Group share	(232)		(38)	(313)	(164)
Gas, Renewables & Power | Adjustments - Effect of changes in fair value
Business segment information
Operating income	16		(27)	5	(27)
Net income, Group share	9		(19)	1	(19)
Gas, Renewables & Power | Adjustments - Restructuring charges
Business segment information
Net income, Group share	(2)		(3)	(8)	(8)
Gas, Renewables & Power | Adjustments - Asset impairment charges
Business segment information
Operating income	(424)		1	(446)	(25)
Net income, Group share	(236)		(5)	(248)	(59)
Gas, Renewables & Power | Adjustments - Other items
Business segment information
Operating income	(1)		(25)	(93)	(114)
Net income, Group share	(3)		(11)	(58)	(78)
Refining & Chemicals
Business segment information
Operating income	1,249		520	1,905	1,574
Refining & Chemicals | Adjustments
Business segment information
Operating income	569		(411)	531	(404)
Net income, Group share	436		(333)	395	1,795
Refining & Chemicals | Adjustments - Inventory valuation effect
Business segment information
Operating income	569		(372)	531	(289)
Net income, Group share	436		(268)	412	(210)
Refining & Chemicals | Adjustments - Restructuring charges
Business segment information
Net income, Group share			(39)		(39)
Refining & Chemicals | Adjustments - Asset impairment charges
Business segment information
Operating income					(50)
Net income, Group share					(50)
Refining & Chemicals | Adjustments - Gains (losses) on disposals of assets
Business segment information
Net income, Group share					2,139
Refining & Chemicals | Adjustments - Other items
Business segment information
Operating income			(39)		(65)
Net income, Group share			(26)	(17)	(45)
Marketing & Services
Business segment information
Operating income	662		360	1,019	734
Marketing & Services | Adjustments
Business segment information
Operating income	134		(80)	105	(95)
Net income, Group share	81		65	60	62
Marketing & Services | Adjustments - Inventory valuation effect
Business segment information
Operating income	134		(54)	105	(69)
Net income, Group share	81		(42)	60	(45)
Marketing & Services | Adjustments - Gains (losses) on disposals of assets
Business segment information
Net income, Group share			125		125
Marketing & Services | Adjustments - Other items
Business segment information
Operating income			(26)		(26)
Net income, Group share			(18)		(18)
Corporate
Business segment information
Operating income	$ (199)		(242)	(382)	(367)
Corporate | Adjustments
Business segment information
Operating income			(64)	(9)	(64)
Net income, Group share			(42)	(9)	(42)
Corporate | Adjustments - Other items
Business segment information
Operating income			(64)	(9)	(64)
Net income, Group share			$ (42)	$ (9)	$ (42)

Shareholders' equity - Treasury

Shareholders' equity - Treasury shares (Details) - TOTAL S.A. - shares	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Shareholders' equity
Treasury shares	41,429,820
Percentage of share capital	1.55%
Shares intended to be canceled	32,600,041
Shares definitively acquired during the period and intended to be canceled	18,576,360	9,820,488
Shares intended to be canceled, buyback not yet executed	4,203,193
TOTAL share grant plans for Group employees
Shareholders' equity
Shares allocated or intended to be allocated to share purchase option plans or share grant plans	8,760,020
New TOTAL share purchase option plans or new share grant plans
Shareholders' equity
Shares allocated or intended to be allocated to share purchase option plans or share grant plans	69,759

Shareholders' equity - Dividend

Shareholders' equity - Dividend (Details)	Jul. 25, 2018€ / shares	Jun. 28, 2018€ / sharesshares	Jun. 01, 2018dividend€ / shares	Apr. 25, 2018€ / shares	Apr. 09, 2018€ / shares	Jan. 11, 2018€ / shares	Oct. 12, 2017€ / shares
Dividend
Dividend approved for the 2017 fiscal year (in Euros per share)			€ 2.48
Number of quarterly interim dividends already paid for fiscal year 2017 | dividend			3
Dividend paid (in Euros per share)		€ 0.62			€ 0.62	€ 0.62	€ 0.62
Number of trading days to determine stock dividend price			20 days
Share price for dividend paid in shares (in Euros per share)		€ 52.03
Number of shares issued in lieu of cash dividend | shares		5,798,335
Dividend decided by Board of Directors (in Euros per share)	€ 0.64			€ 0.64

Shareholders' equity - Earnings

Shareholders' equity - Earnings per share (Details)	3 Months Ended						6 Months Ended
	Jun. 30, 2018€ / shares	Jun. 30, 2018$ / shares	Mar. 31, 2018€ / shares	Mar. 31, 2018$ / shares	Jun. 30, 2017€ / shares	Jun. 30, 2017$ / shares	Jun. 30, 2018$ / shares	Jun. 30, 2017$ / shares
Earnings per share in euros
Earnings per share (in dollars or Euros per share) | (per share)	€ 1.16	$ 1.38	€ 0.81	$ 1	€ 0.71	$ 0.79	$ 2.39	$ 1.93
Fully-diluted earnings per share (in dollars per share) | (per share)	€ 1.16	$ 1.38	€ 0.81	$ 0.99	€ 0.71	$ 0.79	$ 2.38	$ 1.92

Shareholders' equity - Other co

Shareholders' equity - Other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Shareholders' equity
Actuarial gains and losses	$ 42	$ 25	$ 32	$ 67		$ 158
Change in fair value of investments in equity instruments	(2)	7		5
Tax effect	(20)	2	(12)	(18)		(53)
Currency translation adjustment generated by the parent company	(4,761)	2,131	4,524	(2,630)		5,464
Sub-total items not potentially reclassifiable to profit and loss	(4,741)	2,165	4,544	(2,576)		5,569
Currency translation adjustment	1,330	(362)	(1,218)	968		(1,418)
Unrealized gain/(loss) of the period				1,078		(1,372)
Less gain/(loss) included in net income				110		46
Available for sale financial assets			1
Cash flow hedge	77	178	(79)	255		34
Unrealized gain/(loss) of the period				142		164
Less gain/(loss) included in net income				(113)		130
Variation of foreign currency basis spread	2	(29)		(27)
unrealized gain/(loss) of the period				(27)
Share of other comprehensive income of equity affiliates, net amount	36	(168)	(794)	(132)		(463)
Unrealized gain/(loss) of the period				(93)		(465)
Less gain/(loss) included in net income				39		(2)
Other	(2)		(3)	(2)
Tax effect	(27)	(48)	30	(75)		(9)
Sub-total items potentially reclassifiable to profit and loss	1,416	(429)	(2,063)	987		(1,856)
Total other comprehensive income, net amount	$ (3,325)	$ 1,736	$ 2,481	$ (1,589)	$ 3,012	$ 3,713

Shareholders' equity - Tax effe

Shareholders' equity - Tax effects of other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Pre-tax amount
Actuarial gains and losses	$ 42	$ 25	$ 32	$ 67		$ 158
Change in fair value of investments in equity instruments	(2)	7		5
Currency translation adjustment generated by the parent company	(4,761)	2,131	4,524	(2,630)		5,464
Sub-total items not potentially reclassifiable to profit and loss				(2,558)		5,622
Currency translation adjustment	1,330	(362)	(1,218)	968		(1,418)
Available for sale financial assets			1
Cash flow hedge	77	178	(79)	255		34
Variation of foreign currency basis spread	2	(29)		(27)
Share of other comprehensive income of equity affiliates, net amount				(132)		(463)
Other	(2)		(3)	(2)
Sub-total items potentially reclassifiable to profit and loss				1,062		(1,847)
Total other comprehensive income				(1,496)		3,775
Tax effect
Actuarial gains and losses				(18)		(53)
Sub-total items not potentially reclassifiable to profit and loss	(20)	2	(12)	(18)		(53)
Available for sale financial assets						(1)
Cash flow hedge				(81)		(8)
Variation of foreign currency basis spread				6
Sub-total items potentially reclassifiable to profit and loss	(27)	(48)	30	(75)		(9)
Total other comprehensive income				(93)		(62)
Net amount
Actuarial gains and losses				49		105
Change in fair value of investments in equity instruments				5
Currency translation adjustment generated by the parent company	(4,761)	2,131	4,524	(2,630)		5,464
Sub-total items not potentially reclassifiable to profit and loss	(4,741)	2,165	4,544	(2,576)		5,569
Currency translation adjustment				968		(1,418)
Available for sale financial assets						(1)
Cash flow hedge				174		26
Variation of foreign currency basis spread				(21)
Share of other comprehensive income of equity affiliates, net amount	36	(168)	(794)	(132)		(463)
Other				(2)
Sub-total items potentially reclassifiable to profit and loss	1,416	(429)	(2,063)	987		(1,856)
Total other comprehensive income (net amount)	$ (3,325)	$ 1,736	$ 2,481	$ (1,589)	$ 3,012	$ 3,713

Financial debt (Details)

Financial debt (Details) kr in Millions, SFr in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2018CHF (SFr)	Jun. 30, 2018NOK (kr)	Jun. 30, 2018USD ($)
Financial debt
Amount of bonds issued			$ 0
USD Bond 1.450%, Issued in 2013, Maturing January 2018
Financial debt
Interest rate (as percent)	1.45%	1.45%	1.45%
Amount of bonds reimbursed			$ 1,000
NOK Bond 2.500%, Issued in 2013, Maturing June 2018
Financial debt
Interest rate (as percent)	2.50%	2.50%	2.50%
Amount of bonds reimbursed | kr		kr 600
USD Bond with Floating Rate Coupon, Issued in 2014, Maturing June 2018
Financial debt
Amount of bonds reimbursed			$ 135
CHF Bond 3.125%, Issued 2006-2008, Maturing June 2018
Financial debt
Interest rate (as percent)	3.125%	3.125%	3.125%
Amount of bonds reimbursed | SFr	SFr 525

Other risks and contingent li34

Other risks and contingent liabilities (Details) € in Millions	Apr. 28, 2016employee	Jun. 30, 2018EUR (€)company
Exploration & Production | Yemen LNG Company Limited
Disclosure of contingent liabilities
Stake held in associate (as a percent)		39.62%
Contingent liabilities - legal proceedings | Alitalia
Disclosure of contingent liabilities
Alleged damages claimed | €		€ 908
Contingent liabilities - legal proceedings | FERC
Disclosure of contingent liabilities
Number of former employees issued order to show cause | employee	2
Number of companies involved in class action lawsuit | company		3

Information by business segme35

Information by business segment (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Business segment information
Sales	$ 52,540	$ 49,611	$ 39,915	$ 102,151	$ 81,098
Excise taxes	(6,438)	(6,319)	(5,433)	(12,757)	(10,523)
Revenues from sales	46,102	43,292	34,482	89,394	70,575
Operating expenses	(37,518)		(29,703)	(74,105)	(60,053)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,435)	(2,916)	(2,798)	(6,351)	(7,377)
Operating income	5,149		1,981	8,938	3,145
Net income (loss) from equity affiliates and other items	1,104		900	1,991	3,550
Tax on net operating income	(2,179)		(587)	(3,855)	(1,356)
Net operating income	4,074		2,294	7,074	5,339
Net cost of net debt	(440)		(267)	(791)	(533)
Non-controlling interests	87	(13)	10	74	80
Net income - group share	3,721	2,636	2,037	6,357	4,886
Total expenditures	3,787	6,724	4,205	10,511	7,883
Total divestments	1,274	2,585	360	3,859	3,258
Cash flow from operating activities	6,246	$ 2,081	4,640	8,327	9,341
Intercompany
Business segment information
Sales	(17,893)		(11,667)	(33,536)	(24,249)
Revenues from sales	(17,893)		(11,667)	(33,536)	(24,249)
Operating expenses	17,893		11,667	33,536	24,249
Exploration & Production
Business segment information
Sales	3,398		2,068	5,865	4,171
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,484)		(2,344)	(4,834)	(6,412)
Operating income	3,773		1,295	6,769	1,191
Net income (loss) from equity affiliates and other items	569		487	1,210	677
Tax on net operating income	(1,772)		(512)	(3,322)	(951)
Net operating income	2,570		1,270	4,657	917
Total expenditures	2,980		3,448	8,851	6,084
Total divestments	500		132	2,751	245
Cash flow from operating activities	4,628		2,836	8,197	5,637
Exploration & Production | Business segments and Corporate
Business segment information
Revenues from sales	11,191		7,186	20,582	14,837
Operating expenses	(4,934)		(3,547)	(8,979)	(7,234)
Exploration & Production | Intercompany
Business segment information
Sales	(7,793)		(5,118)	(14,717)	(10,666)
Gas, Renewables & Power
Business segment information
Sales	3,268		2,671	7,359	5,868
Depreciation, depletion and impairment of tangible assets and mineral interests	(464)		(40)	(534)	(112)
Operating income	(336)		48	(373)	13
Net income (loss) from equity affiliates and other items	128		13	162	(32)
Tax on net operating income	(19)		(24)	(34)	(61)
Net operating income	(227)		37	(245)	(80)
Total expenditures	79		77	328	392
Total divestments	405		23	483	27
Cash flow from operating activities	104		(100)	(75)	40
Gas, Renewables & Power | Business segments and Corporate
Business segment information
Revenues from sales	3,698		2,945	8,257	6,451
Operating expenses	(3,570)		(2,857)	(8,096)	(6,326)
Gas, Renewables & Power | Intercompany
Business segment information
Sales	(430)		(274)	(898)	(583)
Refining & Chemicals
Business segment information
Sales	23,349		17,347	45,088	35,921
Excise taxes	(867)		(680)	(1,714)	(1,381)
Depreciation, depletion and impairment of tangible assets and mineral interests	(304)		(245)	(617)	(532)
Operating income	1,249		520	1,905	1,574
Net income (loss) from equity affiliates and other items	289		148	417	2,601
Tax on net operating income	(279)		(142)	(383)	(498)
Net operating income	1,259		526	1,939	3,677
Total expenditures	404		401	736	667
Total divestments	324		20	349	2,760
Cash flow from operating activities	999		1,967	(110)	3,729
Refining & Chemicals | Business segments and Corporate
Business segment information
Revenues from sales	31,922		22,683	60,770	46,902
Operating expenses	(30,369)		(21,918)	(58,248)	(44,796)
Refining & Chemicals | Intercompany
Business segment information
Sales	(9,440)		(6,016)	(17,396)	(12,362)
Marketing & Services
Business segment information
Sales	22,528		17,831	43,836	35,129
Excise taxes	(5,571)		(4,753)	(11,043)	(9,142)
Depreciation, depletion and impairment of tangible assets and mineral interests	(172)		(158)	(346)	(302)
Operating income	662		360	1,019	734
Net income (loss) from equity affiliates and other items	107		258	193	288
Tax on net operating income	(194)		(123)	(297)	(231)
Net operating income	575		495	915	791
Total expenditures	310		258	538	697
Total divestments	45		182	273	218
Cash flow from operating activities	841		251	781	582
Marketing & Services | Business segments and Corporate
Business segment information
Revenues from sales	17,250		13,247	33,284	26,430
Operating expenses	(16,416)		(12,729)	(31,919)	(25,394)
Marketing & Services | Intercompany
Business segment information
Sales	(293)		(169)	(491)	(443)
Corporate
Business segment information
Sales	(3)		(2)	3	9
Depreciation, depletion and impairment of tangible assets and mineral interests	(11)		(11)	(20)	(19)
Operating income	(199)		(242)	(382)	(367)
Net income (loss) from equity affiliates and other items	11		(6)	9	16
Tax on net operating income	85		214	181	385
Net operating income	(103)		(34)	(192)	34
Total expenditures	14		21	58	43
Total divestments			3	3	8
Cash flow from operating activities	(326)		(314)	(466)	(647)
Corporate | Business segments and Corporate
Business segment information
Revenues from sales	(66)		88	37	204
Operating expenses	(122)		(319)	(399)	(552)
Corporate | Intercompany
Business segment information
Sales	63		(90)	(34)	(195)
Adjustments
Business segment information
Sales	24		(27)	13	(27)
Revenues from sales	24		(27)	13	(27)
Operating expenses	597		(697)	376	(744)
Depreciation, depletion and impairment of tangible assets and mineral interests	(424)		(14)	(446)	(1,944)
Operating income	197		(738)	(57)	(2,715)
Net income (loss) from equity affiliates and other items	(23)		48	(157)	1,989
Tax on net operating income	(176)		228	(93)	474
Net operating income	(2)		(462)	(307)	(252)
Net cost of net debt	(9)		(7)	(19)	(14)
Non-controlling interests	179		32	246	120
Net income - group share	168		(437)	(80)	(146)
Adjustments | Exploration & Production
Business segment information
Depreciation, depletion and impairment of tangible assets and mineral interests			(15)		(1,869)
Operating income	(97)		(132)	(150)	(1,986)
Net income (loss) from equity affiliates and other items	(66)		(4)	(167)	(214)
Tax on net operating income	46		47	104	376
Net operating income	(117)		(89)	(213)	(1,824)
Net income - group share	(117)		(89)	(213)	(1,797)
Adjustments | Exploration & Production | Business segments and Corporate
Business segment information
Operating expenses	(97)		(117)	(150)	(117)
Adjustments | Gas, Renewables & Power
Business segment information
Sales	24		(27)	13	(27)
Depreciation, depletion and impairment of tangible assets and mineral interests	(424)		1	(446)	(25)
Operating income	(409)		(51)	(534)	(166)
Net income (loss) from equity affiliates and other items	(4)		(16)	(15)	(79)
Tax on net operating income	(7)		9	(4)	9
Net operating income	(420)		(58)	(553)	(236)
Net income - group share	(232)		(38)	(313)	(164)
Adjustments | Gas, Renewables & Power | Business segments and Corporate
Business segment information
Revenues from sales	24		(27)	13	(27)
Operating expenses	(9)		(25)	(101)	(114)
Adjustments | Refining & Chemicals
Business segment information
Depreciation, depletion and impairment of tangible assets and mineral interests					(50)
Operating income	569		(411)	531	(404)
Net income (loss) from equity affiliates and other items	46		(53)	25	2,156
Tax on net operating income	(177)		129	(158)	41
Net operating income	438		(335)	398	1,793
Net income - group share	436		(333)	395	1,795
Adjustments | Refining & Chemicals | Business segments and Corporate
Business segment information
Operating expenses	569		(411)	531	(354)
Adjustments | Marketing & Services
Business segment information
Operating income	134		(80)	105	(95)
Net income (loss) from equity affiliates and other items	1		121		126
Tax on net operating income	(38)		21	(35)	26
Net operating income	97		62	70	57
Net income - group share	81		65	60	62
Adjustments | Marketing & Services | Business segments and Corporate
Business segment information
Operating expenses	134		(80)	105	(95)
Adjustments | Corporate
Business segment information
Operating income			(64)	(9)	(64)
Tax on net operating income			22		22
Net operating income			(42)	(9)	(42)
Net income - group share			(42)	(9)	(42)
Adjustments | Corporate | Business segments and Corporate
Business segment information
Operating expenses			(64)	(9)	(64)
Adjustments - Inventory valuation effect
Business segment information
Operating income	703		(426)	636	(358)
Net income - group share	517		(310)	472	(255)
Adjustments - Inventory valuation effect | Refining & Chemicals
Business segment information
Operating income	569		(372)	531	(289)
Net operating income	438		(270)	415	(212)
Net income - group share	436		(268)	412	(210)
Adjustments - Inventory valuation effect | Marketing & Services
Business segment information
Operating income	134		(54)	105	(69)
Net operating income	97		(45)	70	(50)
Net income - group share	81		(42)	60	(45)
Adjusted
Business segment information
Sales	52,516		39,942	102,138	81,125
Excise taxes	(6,438)		(5,433)	(12,757)	(10,523)
Revenues from sales	46,078		34,509	89,381	70,602
Operating expenses	(38,115)		(29,006)	(74,481)	(59,309)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,011)		(2,784)	(5,905)	(5,433)
Operating income	4,952		2,719	8,995	5,860
Net income (loss) from equity affiliates and other items	1,127		852	2,148	1,561
Tax on net operating income	(2,003)		(815)	(3,762)	(1,830)
Net operating income	4,076		2,756	7,381	5,591
Net cost of net debt	(431)		(260)	(772)	(519)
Non-controlling interests	(92)		(22)	(172)	(40)
Net income - group share	3,553		2,474	6,437	5,032
Adjusted | Intercompany
Business segment information
Sales	(17,893)		(11,667)	(33,536)	(24,249)
Revenues from sales	(17,893)		(11,667)	(33,536)	(24,249)
Operating expenses	17,893		11,667	33,536	24,249
Adjusted | Exploration & Production
Business segment information
Sales	3,398		2,068	5,865	4,171
Depreciation, depletion and impairment of tangible assets and mineral interests	(2,484)		(2,329)	(4,834)	(4,543)
Operating income	3,870		1,427	6,919	3,177
Net income (loss) from equity affiliates and other items	635		491	1,377	891
Tax on net operating income	(1,818)		(559)	(3,426)	(1,327)
Net operating income	2,687		1,359	4,870	2,741
Adjusted | Exploration & Production | Business segments and Corporate
Business segment information
Revenues from sales	11,191		7,186	20,582	14,837
Operating expenses	(4,837)		(3,430)	(8,829)	(7,117)
Adjusted | Exploration & Production | Intercompany
Business segment information
Sales	(7,793)		(5,118)	(14,717)	(10,666)
Adjusted | Gas, Renewables & Power
Business segment information
Sales	3,244		2,698	7,346	5,895
Depreciation, depletion and impairment of tangible assets and mineral interests	(40)		(41)	(88)	(87)
Operating income	73		99	161	179
Net income (loss) from equity affiliates and other items	132		29	177	47
Tax on net operating income	(12)		(33)	(30)	(70)
Net operating income	193		95	308	156
Adjusted | Gas, Renewables & Power | Business segments and Corporate
Business segment information
Revenues from sales	3,674		2,972	8,244	6,478
Operating expenses	(3,561)		(2,832)	(7,995)	(6,212)
Adjusted | Gas, Renewables & Power | Intercompany
Business segment information
Sales	(430)		(274)	(898)	(583)
Adjusted | Refining & Chemicals
Business segment information
Sales	23,349		17,347	45,088	35,921
Excise taxes	(867)		(680)	(1,714)	(1,381)
Depreciation, depletion and impairment of tangible assets and mineral interests	(304)		(245)	(617)	(482)
Operating income	680		931	1,374	1,978
Net income (loss) from equity affiliates and other items	243		201	392	445
Tax on net operating income	(102)		(271)	(225)	(539)
Net operating income	821		861	1,541	1,884
Adjusted | Refining & Chemicals | Business segments and Corporate
Business segment information
Revenues from sales	31,922		22,683	60,770	46,902
Operating expenses	(30,938)		(21,507)	(58,779)	(44,442)
Adjusted | Refining & Chemicals | Intercompany
Business segment information
Sales	(9,440)		(6,016)	(17,396)	(12,362)
Adjusted | Marketing & Services
Business segment information
Sales	22,528		17,831	43,836	35,129
Excise taxes	(5,571)		(4,753)	(11,043)	(9,142)
Depreciation, depletion and impairment of tangible assets and mineral interests	(172)		(158)	(346)	(302)
Operating income	528		440	914	829
Net income (loss) from equity affiliates and other items	106		137	193	162
Tax on net operating income	(156)		(144)	(262)	(257)
Net operating income	478		433	845	734
Adjusted | Marketing & Services | Business segments and Corporate
Business segment information
Revenues from sales	17,250		13,247	33,284	26,430
Operating expenses	(16,550)		(12,649)	(32,024)	(25,299)
Adjusted | Marketing & Services | Intercompany
Business segment information
Sales	(293)		(169)	(491)	(443)
Adjusted | Corporate
Business segment information
Sales	(3)		(2)	3	9
Depreciation, depletion and impairment of tangible assets and mineral interests	(11)		(11)	(20)	(19)
Operating income	(199)		(178)	(373)	(303)
Net income (loss) from equity affiliates and other items	11		(6)	9	16
Tax on net operating income	85		192	181	363
Net operating income	(103)		8	(183)	76
Adjusted | Corporate | Business segments and Corporate
Business segment information
Revenues from sales	(66)		88	37	204
Operating expenses	(122)		(255)	(390)	(488)
Adjusted | Corporate | Intercompany
Business segment information
Sales	$ 63		$ (90)	$ (34)	$ (195)

Reconciliation of the informa36

Reconciliation of the information by business segment with consolidated financial statements (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017
Business segment information
Sales	$ 52,540	$ 49,611	$ 39,915	$ 102,151		$ 81,098
Excise taxes	(6,438)	(6,319)	(5,433)	(12,757)		(10,523)
Revenues from sales	46,102	43,292	34,482	89,394		70,575
Purchases, net of inventory variation	(30,599)	(29,446)	(23,398)	(60,045)		(47,385)
Other operating expenses	(6,761)	(6,937)	(6,106)	(13,698)		(12,272)
Exploration costs	(158)	(204)	(199)	(362)		(396)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,435)	(2,916)	(2,798)	(6,351)		(7,377)
Other income	252	523	570	775		2,895
Other expense	(413)	(190)	(106)	(603)		(397)
Financial interest on debt	(478)	(390)	(345)	(868)		(676)
Financial income and expense from cash & cash equivalents	(54)	(41)	(37)	(95)		(48)
Cost of net debt	(532)	(431)	(382)	(963)		(724)
Other financial income	321	240	285	561		513
Other financial expense	(159)	(170)	(159)	(329)		(319)
Net income (loss) from equity affiliates	1,103	484	310	1,587		858
Income taxes	(2,087)	(1,596)	(472)	(3,683)		(1,165)
Consolidated net income	3,634	2,649	2,027	6,283	$ 3,493	4,806
Group share	3,721	2,636	2,037	6,357		4,886
Non-controlling interests	(87)	$ 13	(10)	(74)		(80)
Adjusted
Business segment information
Sales	52,516		39,942	102,138		81,125
Excise taxes	(6,438)		(5,433)	(12,757)		(10,523)
Revenues from sales	46,078		34,509	89,381		70,602
Purchases, net of inventory variation	(31,263)		(22,939)	(60,623)		(46,929)
Other operating expenses	(6,694)		(5,868)	(13,496)		(11,984)
Exploration costs	(158)		(199)	(362)		(396)
Depreciation, depletion and impairment of tangible assets and mineral interests	(3,011)		(2,784)	(5,905)		(5,433)
Other income	254		206	628		314
Other expense	(55)		(58)	(115)		(116)
Financial interest on debt	(469)		(338)	(849)		(662)
Financial income and expense from cash & cash equivalents	(54)		(37)	(95)		(48)
Cost of net debt	(523)		(375)	(944)		(710)
Other financial income	321		285	561		513
Other financial expense	(159)		(159)	(329)		(319)
Net income (loss) from equity affiliates	766		578	1,403		1,169
Income taxes	(1,911)		(700)	(3,590)		(1,639)
Consolidated net income	3,645		2,496	6,609		5,072
Group share	3,553		2,474	6,437		5,032
Non-controlling interests	92		22	172		40
Adjustments
Business segment information
Sales	24		(27)	13		(27)
Revenues from sales	24		(27)	13		(27)
Purchases, net of inventory variation	664		(459)	578		(456)
Other operating expenses	(67)		(238)	(202)		(288)
Depreciation, depletion and impairment of tangible assets and mineral interests	(424)		(14)	(446)		(1,944)
Other income	(2)		364	147		2,581
Other expense	(358)		(48)	(488)		(281)
Financial interest on debt	(9)		(7)	(19)		(14)
Cost of net debt	(9)		(7)	(19)		(14)
Net income (loss) from equity affiliates	337		(268)	184		(311)
Income taxes	(176)		228	(93)		474
Consolidated net income	(11)		(469)	(326)		(266)
Group share	168		(437)	(80)		(146)
Non-controlling interests	$ (179)		$ (32)	$ (246)		$ (120)

Post closing events (Details)

Post closing events (Details) - Business combination € in Billions, $ in Billions	Jul. 13, 2018USD ($)	Jul. 06, 2018EUR (€)
Direct Energie
Post closing events
Percentage of voting equity interests acquired		73.04%
Acquisition cost | €		€ 1.4
Engie's portfolio of LNG assets
Post closing events
Acquisition cost | $	$ 1.5