Low-income US households are hit hardest, spending more than 10 percent of monthly income on petrol as prices rise.

US petroleum giants ExxonMobil and Chevron released blowout profits Friday due to the Middle East war, as executives cautioned that elevated gasoline prices will probably continue…

US President Donald Trump again called on oil companies to lower gasoline prices for American consumers on Monday, chiding Chevron Chief Executive Mike

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.