In 2022, TotalEnergies will pay 30 billion dollars in taxes and duties on its production worldwide

In Lille, March 1, 2022.

He knew he was expected around the corner. Heard by the deputies, Wednesday, September 21, on the sensitive subject of superprofits, Patrick Pouyanné, CEO of TotalEnergies, defended himself from having things " to hide "while the exceptional profit made by the major in the second quarter (5.7 billion dollars, or approximately 5.8 billion euros), in the wake of the war in Ukraine, and the surge in the price of oil and gas, continues to be controversial.

In this context, he revealed that the multinational would pay, this year, 30 billion dollars in taxes and production taxes worldwide. This is almost double that in 2021 ($16 billion) and five times more than in 2020 ($6 billion). He also indicated that he expected to have to pay a tax on profits this year in France, given the expected profits in refining (around 600 million euros), which have not been taxed for the past three years, because deficit.

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For the time being, TotalEnergies is paying " a contribution (…) of the order of 1.6 billion to 1.9 billion euros per year to the French budget”, including approximately 1 billion in social security contributions and 600 million to 1 billion in various taxes. An amount on which the deputies of the opposition challenged him, given its relative weakness compared to that of foreigners. “In France, the activities that we have are not income activities [pétrolière et de gaz], but of refinement”, a sector in which the group "lost money" in 2019-2020 and 2021, detailed the CEO.

"Rush of the French on the stations"

This year, however, the refineries, where between 80% and 85% of the capacities were used, generated exceptional surpluses. What to allow “finance rebates” agreed on prices at the pump. According to the CEO, the rebates of 10 euro cents on 1 liter of fuel sold, then of 20 cents, since the beginning of September, have generated a "rush of the French on the stations"with a 30% increase in attendance volume compared to the same period of 2021. Even if he says "gain nothing"adding that these discounts have, for the time being, cost 171 million euros to his company.

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Asked about a possible renewal of this measure in 2023, Patrick Pouyanné estimated that the latter would be conditioned by the level of taxation of profits which will be decided at European level. With a view to extinguishing the current spike in energy prices, the European Commission wishes to demand “a contribution of solidarity” producers and distributors of gas, coal and oil.

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