Image: Protesters wear masks depicting the face of Patrick Pouyanne, chairman and CEO of TotalEnergies, during a protest in Paris on April 29, 2026. (Photo by Martin Lelievre/AFP via Getty Images)

Jake Johnson of Common Dreams reports: “France-based TotalEnergies on Wednesday became the latest fossil fuel giant to report massive profits juiced by the US-Israeli war on Iran, which has sent global oil prices surging and jacked up costs for consumers.

TotalEnergies announced in its first-quarter earnings report that it would increase returns to shareholders through a higher dividend and stock buybacks after seeing $5.8 billion in profits and $8.6 billion in cash flow during the first three months of 2026. The company attributed its profit growth to its “ability to capture price upside,” corporate-speak for cashing in as consumers face rising energy costs…”

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