Oil companies such as TotalEnergies multiplied their profit margins by four.

Omissions

• The claim names neither a reference period nor a precise metric ('margins'), so the 'multiplied by four' factor cannot be checked against a defined base year or indicator.
• The most recent official data available before the session (FY2024) shows TotalEnergies' net income declining from its 2023 peak and refining margins falling sharply, which undercuts the 'superprofits' framing if it is presented as a current situation.
• No source found states a fourfold multiplication of TotalEnergies' margins for any recent period.

Sources

• PrimaryTotalEnergies — Fourth Quarter and Full-Year 2024 Results (press release)In 2024, TotalEnergies reported adjusted net income of $18.3 billion and cash flow of $29.9 billion in a softer environment mainly affected by a sharp decline in refining margins, after two exceptional years. 2024 IFRS net income was $15.8 billion (€14.6 billion). The Company achieved nearly a 15% return on average capital employed in 2024.
• PrimaryTotalEnergies — Results (investor results page)Results by year 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012; Second Quarter and First Half 2026 Results, Thursday, July 23, 2026.