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Trump criticized Exxon and Chevron for windfall profits tied to the Iran war and demanded lower gas prices for consumers.

The quarter that justifies this price leaned in part on war-tightened refining margins that management itself will not put a date on.

International Brent crude futures fell 4.73% to end at $83.77 a barrel after Trump canceled plans to attack Iran.

President Trump called out the nation's two largest oil companies, accusing ExxonMobil and Chevron of "making too much money" during the Iran war.

Donald Trump said Exxon Mobil and Chevron earned excessive profits as oil prices surged during the Iran war.

Energy stocks declined late Monday afternoon, with the NYSE Energy Sector Index and the State Street

President Donald Trump criticizes major energy producers like Chevron (CVX) and ExxonMobil (XOM), stating they are making 'too much money' from high oil prices.

WASHINGTON—President Trump said Chevron and ExxonMobil are “making too much money” and should return some of their profits back to the public. “When you look at one company where they made 12 times what they made the year before, they ought to give some of that back to the public,” Trump told reporters in the Oval Office on Monday. “And they better cut the retail price, the consumer price.”

"They're going to give some of that back to the public, and they better cut the retail price," President Donald Trump says when asked about the profits of ExxonMobil and Chevron during remarks with reporters at the White House.

The Energy sector is reporting the highest earnings growth clip of all 11 market sectors at 128.2% Y/Y, well above the S&P 500 average at 37.9%

Trump is furious at the oil companies profiting from a war his own administration is fighting, and now a DOJ probe and a possible export ban are putting billions in quarterly earnings directly in the crosshairs.

The demand lands as refining profits and geopolitical ambitions rise

Small-cap oil stock Forum Energy Technologies broke out on Monday after blowout second-quarter earnings. Most oil stocks fell with crude prices, though many of them are eyeing buy points in a busy week of earnings for the oil and gas sector.

(Bloomberg) -- 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. Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Beer Dynasty Families Sell €731 Million Stake in AB InBevIran Says Hormuz Talks Ongoing After Trump Calls Off StrikesStocks, Bonds Rise as US-Iran Hopes Spur Oil Dr

Oil dropped approximately 5% after planned U.S. strikes on Iran were canceled in favor of potential negotiations.

Energy stocks declined Monday afternoon, with the NYSE Energy Sector Index falling 1.2% and the Stat

Gas is topping $4 a gallon and Trump has a clear target in mind, but the real culprit behind surging pump prices has nothing to do with Chevron's boardroom decisions.

Hess Midstream Partners (NYSE:HESM) reported higher second-quarter net income and adjusted EBITDA, supported by lower operating expenses and general and administrative savings, while reaffirming its full-year financial outlook and plans for shareholder returns and debt reduction. Net income for the

Investing.com -- President Donald Trump criticized oil companies on Monday and demanded they reduce gasoline prices for American consumers.

(Bloomberg) -- President Donald Trump criticized Chevron Corp. Chief Executive Officer Mike Wirth for failing to mention his administration’s pro-fossil fuel policies in an interview with Fox Business Network and called on oil companies to bring pump prices “DOWN, NOW!” Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Saudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosStocks, Bonds Rise as US-Iran Hopes

President Trump has taken to Truth Social to lambast Chevron CEO Mike Wirth, blaming oil companies for gasoline prices, which remain above $4 a gallon. Reacting to Wirth's appearance on Fox News with Maria Bartiromo, Trump said the CEO hadn't credited his administration for the oil industry's good fortunes.

Chevron's Q2 call spotlights early cost cuts, lower capital spending and repeatable power projects alongside global upstream growth options.

Energy stocks were falling pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE

The two seemingly similar energy giants have a few discernible differences, but there's really only one difference that matters to income-growth-seeking investors.

Stock Market Today: The Dow Jones index rallied 600 points Monday after Trump called off new U.S. strikes on Iran. Oil prices plunged.

Companies In The News Are: CVX, XOM, TU, LYB.

Chevron Products Company, a division of Chevron U. S.

Reports that U.S.-Iran negotiations would begin Monday eased fears of prolonged supply disruptions, sending crude prices sharply lower.

Oil producers ended July with more cash than they expected. Thanks to the on-again-off-again war between the U.S. and Iran, oil prices are beginning August about 25% higher than they were a month ago. “At the moment, most companies are really playing a bit of a wait-and-see approach, letting cash either accumulate on the balance sheet or paying down net debt,” Tom Ellacott, senior vice president of corporate research at Wood Mackenzie, told Barron’s.

The Oracle of Omaha's understudy cut Berkshire Hathaway's Chevron stake by 35% in favor of a company with a foundational sustainable moat and serious artificial intelligence (AI) ambitions.