TotalEnergies CEO Warns Proposed UK Taxes Could Impact Investment in the Country

PARIS – On Wednesday, TotalEnergies (NYSE: TTE) CEO Patrick Pouyanne said he was closely monitoring Britain’s October 30 budget, and that potential taxes on oil and gas profits would be likely to have a serious impact on the company’s investments in the country.

Speaking to investors in New York, Pouyanne said such proposals would make the company “very selective” on any capex expansion in the future.

(Source: ReutersReuters)

NYSE: TTE TotalEnergies

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Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.

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