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Radio France Internationale
Radio France Internationale
World
RFI

Energy companies land huge profits as fuel prices skyrocket

French energy conglomerate TotalEnergies is among a cluster of companies to register big profits. AP - Michel Spingler

BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices from a year earlier to $8.15 billion after the key energy producer Russia invaded Ukraine.

The firm's profits – following equally good results at Chevron, Shell and TotalEnergies – are likely to add further pressure on the British government to slap on a windfall tax in order to help cushion the impact of a cost-of-living crisis largely sparked by high electricity and gas bills.

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