His phrases is not going to fail to impress a response. The CEO of TotalEnergies affirmed this Wednesday that the capping of the value of its fuels in France had resulted in a lack of earnings of round 200 million euros for its group for the reason that begin of the war in the Middle East. On the identical time, TotalEnergies recorded 4.96 billion euros in income within the 1st quarter, a soar of 51% over one 12 months…
“The ceiling is decrease than the associated fee worth,” he assured a parliamentary committee. Patrick Pouyanné advised that within the present context, he was promoting his gas at a loss on account of this cover. “We’re at round 200 million euros” in value for this gas cap for the reason that begin of the battle. That is an approximate calculation, based mostly on what the group would have charged as costs in its service stations whatever the disaster, he specifies.
“We will’t wish to take the identical cash twice”
The CEO responded for greater than two hours to questions from deputies of the Finance Committee on his taxation and the query of superprofits, and from the rapporteur of the flash mission on gas taxation. The group is commonly criticized for the low stage of its company tax in France in comparison with its world income and particularly for the reason that battle within the Center East has boosted its oil revenues, which has reignited the talk on the advisability of taxing “superprofits”.
Earlier than the deputies, the boss as soon as once more defended his capping mechanism, appreciated by shoppers and praised by a authorities with meager budgetary margins, repeating that he was “the one oil firm” to have completed so on the planet. “So, criticizing this measure (…) I admit I’ve problem understanding it,” he reacted, additionally reiterating his threats to withdraw the cap within the occasion of overtaxation. “If Parliament strikes in the direction of further taxation, we are going to be taught the teachings (…). We will’t wish to take the identical cash twice,” he warns.
