Reaction to TotalEnergies Profits Announcement
For immediate release
Paris, France – TotalEnergies, the French oil giant, will announce its Q1 2026 profits Wednesday as a global oil crisis triggered by the U.S. and Israel’s war with Iran has changed the fossil fuel industry forever, turning countries away from fossil fuels to secure energy supplies. The company is under fire for profiting from the crisis.
David Tong, Industry Lead at Oil Change International, said:“As TotalEnergies announces expected windfall profits, authorities should take a close look at how the company’s trading activities have benefited from war-driven market volatility. TotalEnergies’ domination of key Middle Eastern oil purchases raises serious questions about whether the French fossil fuel company leveraged the crisis to exert influence on oil prices while simultaneously betting on prices rising, drawing concerns about market integrity. This moment is a critical reminder that an equitable transition away from fossil fuels is essential to building a more stable and peaceful future.”
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