Trump blasts Exxon, Chevron profits, urges lower gas prices

WASHINGTON (Reuters) -- US President Donald ‌Trump accused ExxonMobil and Chevron Monday of making "too much money" off higher fuel prices and said the oil giants should "give some of that back to the public," a notable break from his usual alliance with the industry. "I don't like it," Trump told reporters Monday, thr

Trump urged the oil giants to "give some of that back to the public" after the two companies reported strong earnings on Friday.

US President Trump orders oil companies to immediately lower petrol prices for consumers after crude oil futures plunged.

Low-income US households are hit hardest, spending more than 10 percent of monthly income on petrol as prices rise.

Chevron has last week posted its highest quarterly earnings in at least six years.

Trump blasts Exxon, Chevron for making 'too much money,' demands lower gasoline prices  reuters.com

President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. for their soaring profits, as oil prices surged amid the war in Iran he launched in February alongside Israel.