Trump Takes Aim at ExxonMobil and Chevron Over 'Too Much' Profits

US President Donald Trump has criticized ExxonMobil and Chevron for making 'too much money' due to high fuel prices, which are a result of the ongoing war in Iran. This is an unusual move by Trump, as he has historically been aligned with the oil industry.

In a press conference on Monday, Trump said that both companies should 'give some of that back to the public', implying that they should reduce their profits to help consumers struggling with high gas prices.

This statement comes after the two companies reported record-breaking earnings for the second quarter, with ExxonMobil and Chevron seeing a significant boost in revenue due to higher crude oil prices. Trump has repeatedly pressed producers to keep fuel prices low, but this time he is targeting specific companies instead of just encouraging industry-wide action.

The average US gas price has risen by over 30% since the war began in February, with Americans now paying more than a dollar extra per gallon at the pump. A recent poll shows that Trump's handling of the economy, including rising energy prices, is a major concern for voters and could impact the Republican Party's chances in the upcoming midterm elections.