US President says oil majors 'made too much money' off higher crude prices

Donald Trump criticizes major oil companies for making "too much money" from high prices due to the Iran war, urging them to cut consumer prices.

Trump criticizes oil companies for high profits and calls for price cuts. Crude oil reaching a new all-time high by September 30 at 4.7% YES.

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.