Trump criticizes Exxon and Chevron profits

President Trump criticized ExxonMobil and Chevron for recording large profits amid rising oil prices during the Iran war, with Exxon reporting $14.5 billion and Chevron $12 billion in second-quarter earnings. He accused the companies of profiteering and called for them to reduce consumer gas prices, linking high costs to the ongoing conflict and global supply issues. Despite industry defenses, Trump has previously directed investigations into oil companies and emphasized that gas prices should decrease once the conflict ends.

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