Highlights 2017

PRODUCTION GROWTH

Production growth (bar and line chart)

ROBUST FINANCIAL STRUCTURE

Robust financial structure (bar and line chart)

2017 FINANCIAL BALANCE

(€ billion)

2017 financial balance (bar chart)

MID-DOWNSTREAM ADJUSTED OPERATING PROFIT

(€ billion)

Mid-downstream adjusted operating profit (bar chart)

TRIR – TOTAL RECORDABLE INJURY RATE

(total recordable injuries/worked hours) x 1,000,000

TRIR – Total Recordable Injury Rate (bar and line chart)

EXCELLENCE IN UPSTREAM OPERATIONS

Excellence in upstream operations (bar and line chart)

RECORD HYDROCARBON PRODUCTION

1.82 MLN BOE/D

the highest ever level

NET CASH PROVIDED BY OPERATING ACTIVITIES

10 € BLN

up by 32% vs. 2016

NET DISPOSALS

3.8 € BLN

cash-in mainly relating to the Dual Exploration Model

NET BORROWINGS

10.9 € BLN

down by €3.9 bln vs. 2016

ORGANIC CASH NEUTRALITY

57 $/BBL

vs. 60$/bbl target Organic coverage = Capex + Dividend

VOLUMES OF GAS SENT TO FLARING

-68% vs. 2007

in line with long-term target of zero flaring in 2025

FINDING AND DEVELOPMENT COST

10.4 $/BOE

in 2015-2017 vs. 20 $/boe in 2012-2014

A transformation that has made us stronger

Over the past four years, our company has become more streamlined and robust as the result of an integrated strategy that has created value for shareholders by focusing on a diverse range of business areas.