President Donald Trump criticizes Exxon Mobil and Chevron, saying they are “making too much money” amid strong earnings reported by the companies. In remarks with reporters at the White House, Trump asks the firms to “give some of that back to the public” and to cut retail fuel prices. The criticism comes as both companies report results supported by higher crude prices. Industry representatives quoted across coverage say gasoline and fuel prices are driven by global market conditions, including crude oil movements, and that uncertainty and external pressures influence pricing decisions. The reports also note that oil markets remain volatile, with broader geopolitical tensions—especially involving the Middle East—contributing to fluctuations in crude and related prices. While Trump calls for lower consumer prices and implies the companies should share profits more directly, the companies and industry sources emphasize that pricing reflects market dynamics rather than company-only decisions.
Trump urges Exxon and Chevron to cut prices after criticizing high profits
President Donald Trump criticizes Exxon Mobil and Chevron, saying they are “making too much money” amid strong earnings reported by the companies. In remarks with reporters at the White House, Trump a...
- Trump criticizes Exxon Mobil and Chevron for high profits.
- Trump says the companies should lower retail fuel prices.
- Trump urges Exxon and Chevron to return some of the profits to the public.
- Exxon and Chevron report strong quarterly earnings supported by higher crude prices.
- Industry representatives say fuel pricing reflects global market pressures and uncertainty.
President Donald Trump criticized major oil companies for excessive profits. He urged Exxon Mobil and Chevron to lower consumer fuel prices. The companies reported strong quarterly earnings due to higher crude prices. Industry representatives stated prices reflect global market pressures and uncertainty. Global oil markets remain volatile amid Middle East tensions.
6 hours ago"They’re going to give some of that back to the public, and they better cut the retail price," President Donald Trump says when asked about the profits of ExxonMobil and Chevron during remarks with reporters at the White House. (Source: Bloomberg)
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