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Trump Slams Oil Giants Amid Iran War-Driven Profits

Guavy AI Editorial Team
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CVX
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US President Donald Trump has criticized oil companies for making 'too much money' amid the ongoing US-Iran war. The comment comes after ExxonMobil and Chevron, the two largest US oil companies, reported significant profits last week.

The profits were driven by a spike in global oil prices caused by the conflict between the two nations. Trump's statement suggests that he believes oil companies are taking advantage of the situation to make excessive profits.

ExxonMobil and Chevron have indeed seen their earnings rise, but no specific figures were mentioned in the source. The US-Iran war has led to increased tensions in the global energy market, causing oil prices to surge.

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