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.
Issued on: 12/05/2026 - 17:45
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.
The National Assembly finance committee said on Tuesday that chief executive Patrick Pouyanné would answer questions on 17 June.
Global oil prices have surged since the start of the US war with Iran, which effectively blocked the Strait of Hormuz, through which almost a fifth of the world's oil is shipped.
