French energy giant "TotalEnergies" has reported a 41% increase in profits over the last three months, driven by global supply disruptions and a 3% rise in crude oil prices. "Operative Information Center-OMM" reports that the corporation, headquartered in France, announced a revenue of $5.8 billion for the first quarter of 2026, marking a 51% increase compared to the same period last year.
Detailed financial reports indicate that the company earned $5.4 billion from oil trading and $12.4 billion from the natural gas and liquefied natural gas (LNG) sectors. "TotalEnergies" Chief Executive Officer Patrick Pouyanné, who chaired the Board of Directors meeting to approve the final reports, stated that the company achieved a net income of $5.4 billion and a cash flow of $8.6 billion in the first quarter. He attributed this success to a 4% organic growth that compensated for production impacts caused by ongoing conflicts in the Middle East, highlighting the company's diversified portfolio across oil, gas, and power.
Similar profit trends have been observed across other major energy groups, including "Shell", "BP", "ExxonMobil", and "Chevron", all of which have benefited from rising crude prices. The current global energy shortage is primarily attributed to the effective closure of the Strait of Hormuz due to the conflict between the United States and Iran. Approximately one-fifth of global oil supply passes through this critical waterway, making it a vital artery for international energy security.
According to forecasts by "World Bank" experts, if the sharp disruptions caused by the conflict in Iran conclude by May, energy prices could rise by 24% in 2026, reaching their highest level in four years. Indermit Gill, the World Bank's Chief Economist, emphasized that the most vulnerable populations, who spend a significant portion of their income on food and fuel, will be most affected by this volatility. Meanwhile, the United Arab Emirates' decision to withdraw from "OPEC" (Organization of the Petroleum Exporting Countries) in May is not expected to have an immediate impact on supply but could lead to increased production in the long term. Additionally, French President Emmanuel Macron, during a visit to Greece, stated that diplomatic efforts are ongoing to reopen the Strait of Hormuz, stressing the importance of the free movement of vessels in accordance with international law.
