Patrick Pouyanne

TotalEnergies capped fuel prices at 1.99 euros for gasoline and 2.25 euros for diesel amid the Middle East conflict, costing up to 300 million euros while boosting its market share.

TotalEnergies CEO Patrick Pouyann’s capped fuel prices at 1.99 euros per liter amid the Iran war, sparking criticism from the left but boosting net profit by 72% to $11.2 billion through surging demand.