The Shareholders’ Newsletter #61 - Fall 2019

Your Questions

YOUR QUESTIONS

At Total, our priority is to keep you informed through listening and dialog on a daily basis. These questions are your questions.

How can I become a member of the Shareholders’ Club?

To become a member of the Shareholders’ Club, you must have an e-mail address and hold at least 100 shares in bearer form (managed by your bank) or 50 shares in registered form (managed by Total’s authorized agent). If you fulfill these conditions, simply register on the Shareholders’ Club, website:
e-cercle.total.com. By clicking on “I wish to become a member of the Shareholders’ Club”, you will open a form to fill out. Remember to attach the document of proof indicating how many shares you have. If you cannot send it by internet, you can send it by postal mail to the address given on page 11 “Contact us”. As soon as your membership has been validated, you can sign up for Shareholder club events on the website e-cercle.total.com.

How many years of oil and gas reserves do you have?

At the end of 2018, Total had a solid and diversified portfolio of proved and probable reserves representing approximately 20 years of reserve life based on the 2018 average production rate. Total recorded a proved reserves renewal rate of 157% in 2018. This capacity for renewal ensures that for several years now Total has about 20 years of reserves ahead of it.

(Find this information and the definitions of Proved and Probable reserves in the 2018 Registration Document).

Is Total interested in hydrogen?

Total is a founder member of the Hydrogen Council alongside over 40 other world industry players who have come together to study the conditions for developing low-carbon hydrogen. Competitive decarbonated production is crucial to the expansion of the hydrogen sector, to ensure that it can play a full role in the energy transition. Total is also actively involved in the ecosystem of start-ups whose activities focus on hydrogen. The aim is to develop clean and competitive production technologies.

When it comes to mobility, Total opened its first hydrogen station in Germany in 2002. In spite of the very slow development of the hydrogen demand and market, Total now boasts 25 hydrogen stations as part of the JV H2 Mobility in Germany. Hydrogen also has significant potential in the trucks and buses sector where the use of battery powered electrical vehicles will soon reach their limits. Total already has three operative stations for fuel cell buses in the Benelux countries and a further station being built in Le Mans. Total is also closely monitoring current developments in this sector on an international scale, with truck manufacturers.

Today, Total’s interest in hydrogen focuses on its use as a possible energy storage vector in the renewables sector (photovoltaic and wind energy).