US Oil Profit Scrutiny
President Trump criticizes ExxonMobil and Chevron for war-driven windfall profits, introducing political risk to energy sector valuations amid ongoing Iran conflict.
Market move since start
Brent Crude
LCOc1
86.80-9.87%
since 2026-05-25
Follow this newsroom
Get a push when something new happens here — high-importance only.
Pulse
30D intensity · score 1.0
- Velocity1.0/day
- Sources2
- Markets2
- UPDATETrump targets Exxon and Chevron profits over Iran-driven oil prices
President's criticism of energy giants' windfalls adds political risk to sector as conflict keeps crude elevated.
CNBC - STATEMENTPresident Donald Trump
“They're making too much money based on a shortage,”
in: Trump targets Exxon and Chevron profits over Iran-driven oil prices