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Trump Slams Exxon and Chevron Over Record Profits Amid Gas Price Criticism

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CVX
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US President Donald Trump has urged Exxon Mobil and Chevron to lower gas prices following their record-breaking profits in Q2 2026. The two energy giants reported massive earnings, with Exxon raking in $14.5 billion and Chevron netting $12.1 billion.

The high oil prices and Middle East tensions are driving these profits, but Trump is calling for lower gas prices, hinting at possible government intervention if prices don't drop. This could have significant implications for the oil market dynamics and futures pricing.

Market watchers will be monitoring responses from OPEC, the International Energy Agency, and geopolitical developments that influence oil prices.

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