Trump says Exxon and Chevron are 'making too much money' on high oil prices amid Iran war
Trump said the oil giants are making too much money as Chevron reported $12 billion in quarterly net income and ExxonMobil posted $14.5 billion.
- Donald Trump said Exxon and Chevron are making too much money from high oil prices amid the Iran war, urging them to lower fuel prices.
- He accused these companies of raising retail fuel prices excessively during wartime conditions.
- Chevron reported $12 billion in profits for the quarter ending June, a nearly 400% increase from the previous year.
- Exxon had quarterly profits of $14.5 billion, more than double compared to the same period last year.
17 Articles
17 Articles
Trump Blasts Exxon And Chevron Over Record Profits, Demands Lower Gas Prices For Americans
President Donald Trump took direct aim at two of the nation’s largest oil companies Monday, accusing ExxonMobil and Chevron of profiting excessively from soaring gasoline prices while American families continue paying more at the pump. The unusual criticism marked a notable departure from Trump’s generally close relationship with the energy industry, which has largely welcomed his administration’s push for expanded domestic oil and gas productio…
Trump Targets Big Oil
The real issue in Trump’s attack on Big Oil is not whether gasoline is expensive; it is whether higher crude profits, slower pump-price relief, and the politics of energy can be collapsed into the single word “gouging.” The evidence shows a president pressing oil companies to cut retail prices, companies defending themselves with market-lag logic,...
Trump says Big Oil is making ‘too much money,’ insists they ‘better cut’ prices
Just days after ExxonMobil and Chevron reported blockbuster second-quarter profits, President Donald Trump said the oil giants are "making too much money" and urged them to lower prices at the pump. The numbers On Friday, Chevron reported quarterly net income of $12 billion — nearly five times higher than the same quarter a year earlier. ExxonMobil reported $14.5 billion in second-quarter profits, more than double the same period last year. The …
For the past week, the oil majors have been publishing strong upswing results, boosted by the energy crisis caused by the war in Iran. Criticisms are keen whether it is for electoral, economic or environmental reasonsAs an air of already vu. Unsurprisingly, the oil majors saw their profits explode in the second quarter, benefiting from the surge in oil prices caused by the war in the Middle East. This situation is reminiscent of that of four yea…
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