Trump Tells ExxonMobil and Chevron to Return War-Boosted Profits

On August 4, President Trump publicly rebuked ExxonMobil and Chevron after they reported $26 billion in quarterly profits driven by oil-price spikes from the US-Iran war. He called the gains excessive, demanded they return earnings to the public, and lower prices. US gasoline averaged $4.11 per gallon; Trump called $2.25 fair.