Total Board Announce Dividend and share buyback over 2018-2020

1. Increasing the dividend by 10% over the next 3 years The full-year 2017 dividend will be proposed to the Combined Shareholders’ Meeting at 2.48 €/share, corresponding to a final quarterly dividend of 0.62 €/share and an increase of 1.2% compared to the full-year 2016 dividend The 2018 interim dividends will be increased by 3.2% to 0.64 €/share, with the intention of proposing to the Combined Shareholders’ Meeting a full-year 2018 dividend of 2.56 €/share The target for the full-year 2020 dividend would be 2.72 €/share 2. Buying back shares issued with no discount as part of the scrip dividend option Maintain the scrip dividend option, with no discount on the price, since certain shareholders prefer to take their dividend in shares Buy back the newly issued share with the intention to cancel them. No dilution linked to the scrip dividend from 2018 The buyback of the shares issued in January 2018 as part of the 2nd 2017 interim dividend payment will start immediately 3. Buying back up to 5 B$ of shares over the period 2018-20 The objective is to share with investors the benefits of the oil price upside The amount of buyback will be adjusted to the oil price This is in addition to the scrip share buyback 2017 Dividend The Board of Directors has decided to propose to the Combined Shareholders’ Meeting, which will be held on June 1, 2018, an annual dividend of 2.48 €/share for 2017, an increase of 1.2% compared to 2016. Given the three previous 2017 interim quarterly dividends of 0.62 €/share, a fourth quarter 2017 dividend of 0.62 €/share is therefore proposed. The Board of Directors also decided to propose to the Combined Shareholders’ Meeting the alternative for shareholders to receive the fourth quarter 2017 dividend in cash or in new shares of the company with no discount. Subject to approval at the Combined Shareholders’ Meeting: the ex-dividend date for the fourth quarter dividend will be June 11, 2018; the payment of the dividend in cash or the delivery of shares issued in lieu of the cash dividend is set for June 28, 2018. American Depositary Receipts (“ADRs”) will receive the final quarterly installment of the 2017 dividend in dollars based on the then-prevailing exchange rate according to the following timetable: ADR ex-dividend date June 7, 2018 ADR record date June 8, 2018 ADR distribution date for cash or shares July 6, 2018 issued in lieu of the cash dividend Registered ADR holders may also contact JP Morgan Chase Bank for additional information. Non-registered ADR holders should contact their broker, financial intermediary, bank or financial institution for additional information. 1First interim dividend will be paid in October 2018 Source / More: Total oilandgasOil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook ]]>