Stocks
Trump Slams ExxonMobil, Chevron Over 'Out of Control' Profits
US President Donald Trump has expressed his discontent over the soaring profits of major oil companies ExxonMobil and Chevron. In a statement, he criticized their 'out of control' earnings and suggested that they should be paying more in taxes.
The President's comments come as both ExxonMobil and Chevron have reported significant increases in their quarterly profits. Chevron's net income rose to $6.4 billion, while ExxonMobil's jumped to $9.1 billion.
Trump did not specify what he believes the companies should be paying in taxes or propose any policy changes. However, his comments reflect ongoing concerns about corporate profitability and tax policies in the US.