Trump criticises oil profits amid Iran conflict

Trump criticizes ExxonMobil and Chevron for high profits amid Iran conflict, urging them to lower prices and return profits.

Published

2 months ago

August 4, 2026

Trump slams oil giants for soaring profits during Iran conflict, urges them to lower prices and give back to public

President Donald Trump has criticised major oil companies for their high profits during the Iran conflict.

ExxonMobil and Chevron reported significant earnings increases, with Chevron at $12 billion and Exxon at $14.5 billion this quarter.

Trump called for the companies to return some profits to the public and lower consumer prices.

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