Trump lashes out at Big Oil for ‘making too much money’ during Iran war: ‘They ought to give some of that back’

President Trump bristled Monday at Big Oil’s huge windfall amid the war in Iran, arguing that the country’s largest oil companies should give some of their record profits to the American public. 

“I don’t like it,” Trump said in the Oval Office, when asked about the eye-popping earnings reported by ExxonMobil and Chevron last week. 

ExxonMobil reported making $14.5 billion in the second-quarter of 2026 – double what it made over the same period of time last year –  and the $12 billion Chevron raked in was the most the company has made in a single quarter in six years. 

Their soaring earnings came as the Iran war pushed oil prices at times to above $100 a barrel – and gasoline skyrocketed up to an average of $4.56 per gallon this spring.

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