Trump blasts oil majors as profits surge, urging a public payback
TL;DR
Trump accused oil majors of profiteering after windfall profits from the Iran conflict, citing ExxonMobil’s jump in quarterly earnings, Chevron’s record results, and large profits at Aramco, BP, and Shell. With oil prices topping $100 a barrel and US pump prices around $4.55, the remarks come as the GOP faces midterm headwinds and the Strategic Petroleum Reserve sits near multi-decade lows.
- Trump says oil majors are ‘making too much money’ Semafor
- Oil companies are profiting from the US-Iran war. That’s a political headache for Trump CNN
- Trump says Exxon and Chevron are 'making too much money' on high oil prices amid Iran war ABC News - Breaking News, Latest News and Videos
- Trump slams Chevron CEO, demands immediate reduction in US fuel prices Al Jazeera
- Trump says oil companies should cut gas prices after making "too much money" CBS News
Want the full story? Read the original reporting
Read on Semafor