Trump Slams Big Oil Giants Over Record Profits Amid Conflict
US President Donald Trump has lashed out at energy giants ExxonMobil and Chevron, accusing them of profiteering from the ongoing Middle East conflict. The president made his comments in the Oval Office, expressing frustration over rising fuel costs.
According to second-quarter financial reports, ExxonMobil pulled in $14.5 billion in net income while Chevron recorded $12 billion. Trump stated that these record earnings are 'too much money' and demanded that executives share their windfall with consumers.
The global energy market has been disrupted by military action and shipping disruptions near the Strait of Hormuz, driving average US gasoline prices up to around $4.10 per gallon. In response, Trump warned suppliers on social media to 'get your consumer (retail!) Oil Prices down, now!'