ExxonMobil and Chevron made a combined $26.5 billion in the second quarter after producing more oil, refining more fuel, and selling all of it into a market scrambled by war. Washington is investigating why gasoline costs so much. Chevron reported record net income of $12.
President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned military strike on Iran.
President Trump didn't hold back in the Oval Office on Monday, calling out top U.S. oil executives for making "too much money" during the conflict with Iran.
US president hits out at ExxonMobil and Chevron, saying they should ‘give some of that back to the public’ Business live – latest updates Donald Trump has criticised oil companies for “making too much money” from the global energy market disruption caused by his war on Iran.
The US president’s comments came after several of the world’s biggest oil companies reported huge windfalls from a surge in oil prices driven by the Iran war.
President Donald Trump is known for taking on whoever he wants, but his latest target has even some conservatives raising eyebrows — and wondering if the government is abandoning the free market principles America thrives on.
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