President Donald Trump sharply criticized oil giants Exxon and Chevron over blockbuster profits they earned in part as a result of high oil prices due to the Iran war.
"They're making too much money," Trump told reporters in the Oval Office on Monday, referring to the two Texas-based companies. Trump urged Exxon and Chevron to slash retail fuel prices, accusing them of hiking wartime prices too high.
It's too much money. You're surprised? I'm saying it. I'll say it loud and clear," the president added.
Chevron posted $12 billion in profits over three months ending in June, which marked a staggering rise of nearly 400% from the same period a year earlier, the company reported last month.
Exxon, meanwhile, reported quarterly profits of $14.5 billion, more than doubling its performance from the same three months a year earlier, a July earnings report showed.
Exxon and Chevron both declined to respond to ABC News' request for comment about Trump's remarks.
Full story Trump says Exxon and Chevron are 'making too much money' on high oil prices amid Iran war - ABC News
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