To be discovered within the present
With a barrel of Brent at its highest because the begin of the battle within the Middle East, TotalEnergies is posting report income. Enough to relaunch in France as in Europe the controversy on the taxation of superprofits.
Oil costs are hovering and with them, the income of power teams. TotalEnergies printed outcomes near $6 billion within the first quarter, up 50% year-on-year. One of the best ranges in its latest historical past. This efficiency is available in a context of robust geopolitical tensions, notably across the Strait of Hormuz by way of which practically a fifth of the world’s oil passes.
A revived political debate
These outcomes instantly revived criticism. On the left, a number of teams denounce “super war profits” and demand elevated taxation, or perhaps a cap on gasoline costs. The authorities calls on teams to “redistribute”.
TotalEnergies highlights its business measures – resembling capping the value of gasoline at 1.99 euros – to defend its motion. But the controversy goes past France. Several European nations are pushing for a coordinated tax throughout the European Union. A observe already examined in 2022… with revenues which had been properly under expectations.
https://www.france24.com/fr/%C3%A9missions/info-%C3%A9co/20260430-superprofits-p%C3%A9troliers-le-d%C3%A9bat-sur-la-taxation-relanc%C3%A9