TotalEnergies profits surge amid Iran war, sparking calls for windfall tax

TotalEnergies on Wednesday said its first quarter net profit rose 51 percent, boosted by a sharp spike in energy costs linked to the US-Israeli war on Iran. The announcement drew war-profiteering criticisms from climate groups and a call by France's opposition Socialist Party for a law on imposing a tax on crisis-related windfall profits. 

Apr 29, 2026 - 14:00
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TotalEnergies profits surge amid Iran war, sparking calls for windfall tax
TotalEnergies on Wednesday said its first quarter net profit rose 51 percent, boosted by a sharp spike in energy costs linked to the US-Israeli war on Iran. The announcement drew war-profiteering criticisms from climate groups and a call by France's opposition Socialist Party for a law on imposing a tax on crisis-related windfall profits. 
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