Trump Urges Oil Companies to Lower Fuel Prices Amid High Profits

U.S. President Donald Trump has publicly urged major oil companies, including ExxonMobil and Chevron, to reduce their fuel prices, asserting that they are profiting excessively. Trump stated his displeasure directly to journalists, declaring, "I don't like it. Chevron – too much money. ExxonMobil, too much. Too much money."

This statement comes just days after several oil companies announced robust second-quarter financial results. The ongoing conflict in Iran has also contributed to persistently high oil prices. Companies like Valero Energy and Marathon Petroleum reported strong earnings, with Valero achieving its best quarterly profit since the 2022 energy crisis triggered by Russia's invasion of Ukraine, and Chevron posting its best results in at least six years.

Trump directly addressed the companies, stating, "They better lower the retail price, the consumer price." He also predicted that oil prices would "fall through the floor" once the conflict with Iran concludes. This intervention marks a notable shift from Trump's usual stance of supporting the oil industry.

According to Reuters, gasoline prices in the U.S. have surged by more than 30% since the U.S. and Israel launched attacks on Iran on February 28. Trump's call for lower prices appears to be an attempt to address consumer concerns amid rising fuel costs.

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Jeg kan ikke lide det. Chevron - for mange penge. ExxonMobil, for meget. For mange penge