TotalEnergies at the Center of a Political Showdown in France Over Windfall Profits
The debate over taxing windfall profits in the energy sector has returned strongly in France following the announcement of TotalEnergies’ impressive quarterly results. The oil giant reported adjusted net income of $5.8 billion for the first quarter of 2026, representing a 51% increase year-on-year. The surge was driven by higher oil and gas prices amid […]
