Trump Slams ExxonMobil and Chevron over Excessive Fuel Price Profits
US President Donald Trump has publicly criticized oil giants ExxonMobil and Chevron for excessive profits from higher fuel prices. Speaking to reporters on Monday, he stated that both companies were making 'too much money' and called on them to return some of their profits to the public.
The comments mark a departure from Trump's usual close relationship with the oil industry. He has used public criticism to pressure major US companies to change their business practices in the past, including during his first presidential term.
ExxonMobil and Chevron reported strong second-quarter earnings last week, with oil prices elevated due to ongoing conflict involving Iran. The national average price of petrol in the US has reached around $4.10 per gallon since hostilities began.