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Trump Demands Oil Giants Cut Profits Amid Soaring Fuel Prices

Guavy AI Editorial Team
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CVX
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US President Donald Trump criticized ExxonMobil and Chevron for making 'too much money' from higher fuel prices, saying they should 'give some of that back to the public'. The comments came after both companies reported blowout second-quarter earnings due to the ongoing war in Iran.

Trump has a history of using public pressure to influence corporate decisions, often targeting companies directly through social media or remarks. In this case, he specifically mentioned Chevron CEO Mike Wirth's appearance on Fox News, accusing him of failing to credit his administration for helping the oil industry.

'The only thing he conveniently forgot to mention is that, without the genius, foresight, strength, and stability, of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD!' Trump wrote on Truth Social.

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