Environmental groups are stepping up pressure on TotalEnergies ahead of its annual shareholder meeting in Paris on Friday, accusing the French oil and gas giant of profiting from the conflict in the Middle East while continuing to expand fossil fuel production despite France's climate commitments.
TotalEnergies has good news for its shareholders: it reported record profits of $5.8 billion in the first quarter of 2026 – helped in part by the crisis in the Middle East, which sent oil prices rocketing.
