Trump says ExxonMobil, Chevron 'made too much money' over Iran war

President Donald Trump said ExxonMobil and Chevron "made too much money" over the Iran war, which netted the companies a combined $26.5 billion.

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 expressed his displeasure with Chevron and Exxon Mobil for raking in “too much” profit during the second quarter of this year as the White House grapples with complaints about gas prices amid the war with Iran. “Based on a shortage, they’re making too much money,” Trump told reporters in the Oval

"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)

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