According to Q1 2026 earnings reports, Europe’s three major energy companies posted significant profit increases in the first quarter. Shell reported adjusted net profit of $6.9 billion, up 24% year-over-year. BP’s underlying replacement cost profit reached approximately $3.2 billion, surging 132% compared to the same period last year. TotalEnergies posted net profit of $5.8 billion, up 51% year-over-year.
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