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Trump Slams Oil Giants Over Iran War Profits

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CVX
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US President Trump recently made a statement regarding the oil industry, stating that companies like ExxonMobil and Chevron are 'making too much money' due to the spike in global oil prices caused by the US-Iran war. The two largest US oil companies reported significant profits last week, driven by the increased demand for oil.

The profits of these companies have been a topic of discussion, with some questioning whether they are excessive given the current circumstances. The war between the US and Iran has led to a surge in global oil prices, benefiting oil companies but also affecting consumers who rely on oil for transportation and other essential needs.

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