Trump Scolds Big Oil for 'Making Too Much Money'

President Trump publicly criticized Exxon Mobil and Chevron for their high profits on Monday. The US President stated that the two largest U.S. oil companies are 'making too much money' and urged them to give some back to the public, specifically lowering retail gasoline prices.

The comments were made as the energy sector continues to experience soaring profits due to rising crude oil prices. Trump's remarks come after Exxon Mobil reported a significant increase in its quarterly profits, while Chevron also posted strong earnings results.

Exxon Mobil and Chevron have been major contributors to the US economy through their operations and investments. However, Trump's comments sparked debate on whether oil companies should be held accountable for their profit margins and whether they can afford to lower prices without sacrificing profitability.