Trump Blasts Oil Companies For Making "Too Much Money" During Iran Conflict As Chevron and Exxon Profits Skyrocket

President Donald Trump criticized major oil companies for making “too much money” during the Iran conflict as profits surged. CNBC reported Trump’s comments Monday, saying he doesn’t like that Chevron and Exxon Mobil are benefiting. Chevron posted about $12.1–$12.2 billion in second-quarter net income, up roughly 384% from $2.5 billion a year earlier, helped by its Hess integration and higher production, with refining profit rising to $4.9 billion. Exxon Mobil delivered $14.5 billion in net income, double the year-ago quarter and its best since the post-Ukraine invasion spike, with refining earnings of $5.5 billion. The article ties the refined-products squeeze to regional and global disruptions, including outages and export constraints, and notes Trump’s June DOJ investigation into alleged price gouging.