Trump Slams Big Oil Over Record Profits Amid Global Conflict
US President Donald Trump has lashed out at energy giants ExxonMobil and Chevron over their record profits, demanding that they lower gas prices amid ongoing conflict in the Middle East. Speaking to reporters in the Oval Office, Trump expressed his frustration with rising fuel costs, stating 'Based on a shortage, they're making too much money.'
The president's rebuke follows second-quarter financial reports showing ExxonMobil pulled in $14.5 billion while Chevron recorded $12 billion in net income. Global energy markets have been rattled by military action and shipping disruptions near the Strait of Hormuz, driving average US gasoline prices up to around $4.10 per gallon.
Trump directly named America's top two oil producers, declaring 'Chevron, too much money. Exxon Mobil, too much, too much money.'