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 much money based on a shortage," Trump said. "I don't like it."This is breaking news. Please refresh for updates.

Trump urges oil companies to cut prices amid falling crude costs. Crude oil reaching a new all-time high by September 30 at 3.9% YES.

President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his decision to suspend another planned…

US President Donald Trump on Monday accused major oil companies of profiting excessively from elevated crude prices caused by supply disruptions linked to the Iran war, saying he…

The president also criticized major oil companies for making too much money

Chevron’s net income increased to $12.2 billion in the second quarter of 2026, an almost 400% rise compared to the same period last year.