{"id":2639768,"date":"2026-08-03T16:08:01","date_gmt":"2026-08-03T20:08:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-says-chevron-exxon-mobil-making-too-much-money-amid-iran-war\/"},"modified":"2026-08-03T16:08:58","modified_gmt":"2026-08-03T20:08:58","slug":"trump-says-chevron-exxon-mobil-making-too-much-money-amid-iran-war","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-says-chevron-exxon-mobil-making-too-much-money-amid-iran-war\/","title":{"rendered":"Trump says Chevron, Exxon Mobil making &#8216;too much money&#8217; amid Iran war"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-says-chevron-exxon-mobil-making-too-much-money-amid-iran-war%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2639768&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump expressed his dissatisfaction with oil giants Chevron and Exxon Mobil for earning excessive profits during the second quarter,especially as the White House deals with complaints about rising gas prices amid the Iran conflict. Trump criticized their profits, citing a shortage as the reason and emphasizing his free enterprise stance. He predicted that, once issues with Iran are resolved, consumer gas prices would drop considerably. Currently, the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/gas-prices-reach-6-year-high-amid-shortages\/\" title=\"Gas Prices Reach 6-... High Amid Shortages\">national average gas price<\/a> is $4.10 per gallon,up from previous months. Both Chevron and Exxon Mobil saw considerable profit increases-Chevron&#8217;s net income nearly quadrupled to $12.2 billion, and Exxon Mobil&#8217;s profits more than doubled to about $14.5 billion. The surge in profits is partly attributed to the reduced refining capacity in the Middle East, with these companies operating their refineries near maximum capacity.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<article class=\"fn-body\">\n<p class=\"wp-block-paragraph\">President <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" data-type=\"post_tag\" data-id=\"4\">Donald Trump<\/a> expressed his displeasure with <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/chevron\/\" data-type=\"post_tag\" data-id=\"1055\">Chevron<\/a> and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/exxon-mobil\/\" data-type=\"post_tag\" data-id=\"7014\">Exxon Mobil<\/a> for raking in \u201ctoo much\u201d profit during the second quarter of this year as the <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/section\/news\/white-house\/\" data-type=\"category\" data-id=\"125\">White House <\/a>grapples with complaints about <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/gas-prices\/\" data-type=\"post_tag\" data-id=\"940\">gas prices<\/a> amid the war with <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/iran\/\" data-type=\"post_tag\" data-id=\"100\">Iran<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">\u201cBased on a shortage, they\u2019re making too much money,\u201d Trump told reporters in the Oval Office on Monday. \u201cI don\u2019t like it, and I should be the last one to say it because I\u2019m a big free enterprise guy. Nobody bigger.\u201d<\/p>\n<section class=\"explore-more-section\" id=\"wex-recommended-widget\">\n<div class=\"magazine-container single\">\n<h1 class=\"magazine-title mt-2\">Recommended Stories<\/h1>\n<p>             <i class=\"fa-solid fa-play icon\"><\/i>         <\/div>\n<div class=\"explore-grid\">\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4673118\/trump-not-happy-chevron-exxon-mobil-too-much-money-iran-war\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Trump says Chevron and Exxon Mobil are making \u2018too much money\u2019 amid Iran war<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4673049\/trump-jeanine-pirro-choked-case-reflecting-pool-vandalism\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>Trump says Jeanine Pirro \u2018choked\u2019 in Reflecting Pool vandalism case: \u2018Folded like an umbrella\u2019<\/h3>\n<p>                         <\/a>                     <\/div>\n<div class=\"explore-card\">                         <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4672470\/watch-live-trump-signs-executive-orders-white-house-2\/?itm_source=parsely-api\">                             <\/p>\n<div class=\"explore-thumb-wrap\">                                                                                                                                  <\/div>\n<h3>WATCH LIVE: Trump signs executive orders at White House<\/h3>\n<p>                         <\/a>                     <\/div>\n<\/p><\/div>\n<\/section>\n<p class=\"wp-block-paragraph\">Fewer than 100 days before November\u2019s<a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/2026-election\/\" data-type=\"post_tag\" data-id=\"11675\"> midterm elections<\/a>, Trump repeated his promise when he and his administration were \u201cfinished with Iran\u201d consumers will \u201csee the prices drop through the floor.\u201d<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-1\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-1\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-15\" data-wex-ad=\"art-dsk-inart-1\"><\/div>\n<\/div>\n<\/div>\n<div class=\"article-paywall\">\n<p class=\"wp-block-paragraph\">\u201cThey\u2019ve got to give some of that back to the public, and they better cut the retail price, the consumer price. Too much money.\u201d he said. \u201cYou\u2019re surprised I\u2019m saying it? I\u2019ll say it loud and clear. I\u2019m not happy about it.\u201d<\/p>\n<p class=\"wp-block-paragraph\">Monday\u2019s <a href=\"https:\/\/amzn.to\/3YuVZYV\" >national regular gas price average<\/a> per gallon was $4.10, an increase from $3.82 a month ago and $3.15 from a year ago, according to <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/gasprices.aaa.com\/about-aaa\/\">AAA<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">Chevron\u2019s net income <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/93410\/000009341026000162\/a06302026ex9918-k.htm\">increased<\/a> to $12.2 billion in the three months that ended on June 30, an almost 400% rise compared to the same period last year, when the company reported $2.5 billion in profits.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-2\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-2\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-16\" data-wex-ad=\"art-dsk-inart-2\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\">Exxon Mobil recorded a <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/2115436\/000211543626000006\/livef8k2q26991.htm\">similar increase<\/a> in profits for the quarter at about $14.5 billion, more than double from the $7.1 billion reported in the second quarter of 2025.<\/p>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4672963\/trump-let-families-sort-out-max-miller-allegations-ohio-elections\/\"><strong>TRUMP SAYS HE\u2019LL \u2018LET THE FAMILIES\u2019 SORT OUT MAX MILLER ALLEGATIONS<\/strong><\/a><\/p>\n<p class=\"wp-block-paragraph\">The oil companies\u2019 profits are being increased due, in part, to the Middle East\u2019s refining capacity being displaced, with <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/chevron\/\" data-type=\"post_tag\" data-id=\"1055\">Chevron<\/a> and <a target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/exxon-mobil\/\" data-type=\"post_tag\" data-id=\"7014\">Exxon Mobil<\/a> running their refineries close to their maximum capacity.<\/p>\n<div class=\"wex-inarticle-ad wex-inarticle-ad-art-dsk-inart-3\">\n<div class=\"wex-ad-wrap wex-ad-art-dsk-inart-3\" style=\"min-height:90px\"><span class=\"wex-ad-label\" hidden>Advertisement<\/span><\/p>\n<div id=\"div-gpt-ad-3182201-17\" data-wex-ad=\"art-dsk-inart-3\"><\/div>\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\"><em>Callie Patteson and\u00a0Maydeen Merino contributed to this report.<\/em><\/p>\n<\/div>\n<\/article>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump criticizes Chevron and Exxon for high profits amid Iran war<\/p>\n","protected":false},"author":2652,"featured_media":2639769,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/08\/AP26215664189628.jpg?w=696","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[16524,83624,75205,3634],"class_list":["post-2639768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-chevron","tag-exxon-mobil","tag-iran-war-2","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2026\/08\/AP26215664189628.jpg?w=696","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2639768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2652"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2639768"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2639768\/revisions"}],"predecessor-version":[{"id":2639773,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2639768\/revisions\/2639773"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2639769"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2639768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2639768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2639768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}