HomeAmericas

Trump says oil companies should cut gas prices after making "too much money"

Americas 2 sources 2 countries 🔦 Under-reported 32m ago

President Donald Trump has publicly criticized major oil corporations, specifically naming Chevron and Exxon Mobil, for generating excessive profits. He attributed these high earnings to the surge in oil prices caused by a crude supply shortage stemming from the ongoing war involving Iran.

In his remarks, the President urged the energy industry to take action to mitigate the impact of the current market conditions. The statement highlights the administration's focus on the economic consequences of the regional conflict and its direct pressure on private sector energy companies to address rising costs.

In-depth summary · AI, neutral
Read the full story at the source CBS News (US) · US
Get the news on TelegramTop stories & under-reported picks, straight to your feed — free. Join →

Covered by 2 sources