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Trump demands ExxonMobil, Chevron cut gas prices
['Courtney Subramanian']
Transport Topics
(Antranik Tavitian/Bloomberg)Key Takeaways: President Donald Trump accused ExxonMobil and Chevron on Aug. 3 of excessive profits and urged them to cut gasoline prices.
Trump ordered the Justice Department in June to investigate why gasoline prices had not fallen, suggesting possible price gouging.
President Donald Trump scolded ExxonMobil Holdings Corp. and Chevron Corp. for their soaring profits, as oil prices surged amid the war in Iran he launched in February alongside Israel.
In recent weeks, he’s pointed to big oil companies as a scapegoat for high fuel prices.
Trump in June ordered the Justice Department to investigate why gasoline prices had not fallen, suggesting companies could be engaged in price gouging.