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Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'

Monday, August 3, 2026


Donald Trump said Exxon and Chevron made "too much money" from elevated oil prices during the Iran conflict. Trump stated he did not approve of the companies' profits, saying "I don't like it." Trump did not specify what action, if any, he intended to take regarding the oil companies' earnings.

Original reporting: https://www.cnbc.com/2026/08/03/trump-says-exxon-and-chevron-made-too-much-money-off-high-oil-prices-during-iran-conflict-i-dont-like-it.html

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