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Radio France Internationale
Radio France Internationale
National
RFI

French oil giant TotalEnergies' record profits fuel calls for windfall tax

Patrick Pouyanne, CEO of TotalEnergies, at a hearing at the French Senate, 29 April 2024. © Sarah Meyssonnier/Reuters

Since the outbreak of the Middle East conflict, French energy company TotalEnergies has faced mounting criticism in over profits it has made from soaring fuel prices. Now its chief executive has been summoned to answer questions before the National Assembly.

TotalEnergies' announcement of a record €4.96 billion profit in the first quarter of 2026, up 51 percent on last year, has reignited calls for a windfall tax on energy firms benefiting from the war.

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