Trump Takes Aim at Exxon and Chevron Over 'Too Much Money' Amid Iran War Oil Prices

President Donald Trump criticized ExxonMobil and Chevron for making 'too much money' due to soaring crude prices tied to the ongoing conflict with Iran. Speaking at the White House, Trump singled out both companies by name over their recently reported second-quarter earnings.

ExxonMobil posted $14.5 billion in quarterly profit, roughly double what it earned during the same period last year. Chevron reported $12 billion in quarterly profit, up from $2.5 billion a year earlier, marking a 400% increase and the company's highest quarterly earnings in at least six years.

Trump framed the profits as a direct consequence of the supply disruption caused by the conflict rather than normal market performance. He demanded that the companies pass along relief to consumers, drawing a direct comparison between their profit growth and what they owed the public in return.