'Too much money': Trump attacks ExxonMobil & Chevron over massive profits, demands lower gasoline prices f
- Posted on August 4, 2026
- By Business News Today
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- 1 min read
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'Too much money': Trump attacks ExxonMobil & Chevron over massive profits, demands lower gasoline prices f
US President Trump voiced his discontent with ExxonMobil and Chevron, accusing them of reaping excessive profits at the expense of consumers. The oil companies defended their actions by attributing price hikes to global market trends. Both firms showcased robust quarterly earnings driven by soaring oil prices, which raises political stakes as voters grapple with rising fuel costs ahead of the midterm elections.
