🔶 billion profit of the European oil giants from the increase in oil prices following the Iran war.
On Thursday, October 29, oil companies Shell, Total Energy and Repsol announced billions in profits for the third quarter of the year; Profits that the rise in oil prices after the Iran war helped to grow.
Shell's profit from July to September reached 12.1 billion dollars and Total Energy's profit reached a record of 8.3 billion dollars; More than twice the previous quota. Repsol also increased its profit from 574 million euros to 2.8 billion euros.
At the same time, a number of European Union finance ministers, including German Finance Minister Lars Klingbeil, called for a tax on the windfall profits of oil companies.
The European Commission has not yet explicitly supported the new joint action.
EU Economic Commissioner Valdis Dombrovskis said in September that member states "can now" impose such a tax at the national level "if they want".