U.S. President Donald Trump has criticized energy giants Chevron and ExxonMobil, accusing them of generating excessive profits from instability in the Persian Gulf and the ongoing conflict involving Iran. The White House head called for a revision of pricing policies to return windfall gains to American consumers, asserting that oil prices will drop once the political crisis is resolved. Chevron's net profit increased by nearly 400%, reaching $12.09 billion, while ExxonMobil doubled its figures to $14.53 billion. These results were driven by rising crude oil prices, which reached $96 per barrel in the second quarter—a 45% increase compared to the previous year. Indicator Reported Value/Change Chevron Net Profit (Q2) $12.09 billion (+~400%) ExxonMobil Net Profit (Q2) $14.53 billion Oil Price (Q2) $96 per barrelThe data indicates that the sector's record profitability coincides with increased fuel costs for end-consumers and heightened geopolitical tension in key transit zones.