TotalEnergies Extends French Fuel Price Caps Through June

On May 27, 2026, TotalEnergies announced it will maintain fuel price caps across all French service stations through the end of June, extending the measure first launched in March and renewed for April and May. The policy responds to ongoing Middle East supply risks, including Strait of Hormuz disruptions and refinery outages, while the company pledged to pass through any material declines in global crude prices. Despite capping domestic retail margins, TotalEnergies reported a 29% year-on-year rise in Q1 earnings, lifted its interim dividend by 5.9%, and raised share buybacks, underscoring robust upstream profitability amid elevated oil prices.