Key facts
- President Donald Trump criticized Exxon Mobil and Chevron.
- Trump stated the companies were making 'too much money'.
- He attributed their record profits to market disruptions.
- Trump urged the companies to lower retail gasoline prices.
- He suggested they should 'give some of that back to the public'.
President Donald Trump has publicly criticized two of the nation's largest oil companies, Exxon Mobil and Chevron, for their substantial profits. Trump stated that these companies are making 'too much money' and attributed their record earnings to market disruptions. He specifically urged them to lower the retail prices of gasoline. The President suggested that the oil giants would have to 'give some of that back to the public,' indicating an expectation that they should share their financial gains with consumers. This criticism comes amidst ongoing concerns about high gas prices and the profitability of the energy sector.