Trump criticizes ExxonMobil and Chevron for $2.65 billion in oil profits
2026-08-04 05:00:52
According to CoinMeta, Trump criticized ExxonMobil and Chevron at the White House, demanding that the two companies reduce fuel prices in the United States, as these oil giants earned a total of about $26.5 billion in profits during the second quarter. He stated that the supply pressures caused by the Iran war allowed these companies to obtain excessively high profits, referring to them as "making too much money in a time of shortage." Trump also pointed out that despite high oil prices, ExxonMobil and Chevron were still earning "excessive profits" and called on them to return some of that revenue to consumers.
Source:Cryptonews
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