Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'

US President Donald Trump speaks before signing an executive order in the Oval Office of the White House in Washington, DC on August 3, 2026.Jim Watson | Afp | Getty ImagesPresident Donald Trump said Monday that ExxonMobil and Chevron made too much money as crude oil prices rose due to the Iran war. "They're making too

"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)

Trump says oil companies making 'too much money' from Iran shortage US President Donald Trump criticised major oil companies, including Chevron and Exxon Mobil, for making "too much money" because of high prices resulting from the crude shortage caused by the Iran war, and called on the industry to help keep fuel