Total shares in French energy giant TotalEnergies have plunged amid escalating tensions in the Middle East, yet its CEO has defended the company’s exposure to the region, arguing that disruption to global energy markets is preferable to maintaining the status quo. The conflict has already sent oil prices surging and raised concerns over supply chains, with TotalEnergies—one of the largest Western operators in the affected zone—holding significant stakes in key projects. While critics warn of heightened risks, the CEO insists the company’s long-term strategy relies on navigating volatility rather than avoiding it. The statement underscores the delicate balance between corporate resilience and geopolitical instability in an already turbulent energy landscape.
Patrick Pouyanné says he prefers ‘disruption to the peaceful world’ despite French major being among those most affected by Middle East conflict
