Trump Slams Exxon and Chevron Over 'Too Much Money' During Iran Conflict
President Donald Trump has publicly criticized oil majors Exxon Mobil and Chevron for their large profits during the recent conflict with Iran. He called on the companies to lower gasoline prices for American consumers, saying 'They made too much money,' and adding, 'I don't like it.'
The comments come as fuel prices surged in the wake of heightened tensions in the Middle East that disrupted global oil supplies. Oil prices climbed sharply during the Iran conflict, with benchmark crude at one point pushing past $100 per barrel following strikes on shipping in the region.
Exxon Mobil and Chevron have benefited from the price environment created by supply disruptions, but neither company has adjusted retail pricing in direct response to Trump's remarks. The president's frustration reflects broader political concern over the cost burden on households, with gasoline prices remaining a sensitive economic issue.