Sen. Elizabeth Warren (D-Mass) on Sunday delivered sharp criticism of President Donald Trump, alleging that excess gas costs at the pump across America were skyrocketing amid the war with Iran.
Oil Executives Amassing Wealth Amid Excess Costs
In a post on X, Warren said that Americans were paying $800 million in excess costs at the pump every day “thanks to Trump’s Iran war.” She then accused oil companies of profiting from the war in Iran. “Guess who’s getting richer?” she asked, before sharing the purported gain in wealth of oil executives.
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She then pointed towards a Wall Street Journal investigation published in early April, which outlined that Chevron Corp. (NYSE:CVX) CEO Mike Wirth made over $104 million since the Iran war, with ConocoPhillips (NYSE:COP) CEO Ryan Lance gaining over $54 million and Baker Hughes Co. (NASDAQ:BKR) CEO Lorenzo Simonelli netting $33 million in stock trading.
