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First modification: 04/29/2026 - 16:23

The French oil company TotalEnergies obtained net profits of $5.8 billion in the first quarter of this year, which represents an increase of 51% year-on-year, amid the rise in crude oil due to tensions in the Middle East. The profits of the British BP also grew but 453% more than a year ago, also driven by the rise in crude oil prices and tensions in the Strait of Hormuz. The result reignites the debate in Europe about taxing windfall profits and increases the anger of environmentalists.

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