President Donald Trump lashed out at the U.S. oil industry on Monday, arguing that the country’s largest companies should give some of their sharply higher profits to the American public.
“I don’t like it,” Trump told reporters in the Oval Office when asked about the huge earnings reported by ExxonMobil and Chevron last week during the war with Iran.
“They’re making too much money, okay, based on a shortage,” he continued.
“I don’t like it, and I should be the last one to say it because I’m a big free enterprise guy,” he said before adding: “Nobody bigger.”
ExxonMobil had reported earning $14.5 billion in the second quarter of 2026 — double what…
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