CHAPTER 8 Further information Economic, financial information

106

Breakdown of Adjusted Capital Employed by Business (Segments at December 31) (Millions of euros)

2015 2014 (Restated)*

2013 2012 2011

Adjusted capital employed

Trading (92) (47) 94

Corporation 39 (20)

Exploration and Production 3,589 3,177 774 711 883

Refining 2,674 2,784 3,951 4,607 4,159

Marketing 695 923

Petrochemicals 1,223 1,353 1,181 1,247 1,303

Gas and Power 328 455 421 349 337

Total adjusted capital employed 8,456 8,624 6,421 6,914 6,682

Accumulated adjustment in stocks valuation

(114) 198 839 926 817

Accumulated adjustment in non-recurrent items

(1,209)

Total capital employed 7,133 8,822 7,260 7,840 7,499

* Financial year 2014 has been restated for comparison purposes with financial year 2015.