Did TotalEnergies really lose 200 million because of the war in Iran?
Testifying before the National Assembly on June 18, 2026, the CEO of TotalEnergies stated that the voluntary fuel price cap in France has cost the company approximately 200 million euros in profit margins since the start of the war in the Middle East. However, the group is reporting a sharp rise in global profits, driven by the very same oil crisis, which has reignited debates over the taxation of “superprofits” and the tax treatment of the oil and gas giant.
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Jun 18, 2026 22:50
