Aug. 4 at 2:50 AM
$XOM $COP $OXY $CVX $BP Trump Says Exxon, Chevron Are 'Making Too Much Money' Amid Iran War
LOL you can't let your imagination run wild with this one.
President Trump said Exxon Mobil and Chevron are profiting excessively from elevated oil prices during the conflict with Iran, stating the companies are "making too much money based on a shortage." The comments came after Exxon reported
$14.5 billion in Q2 profit, up from
$7.1 billion a year ago, while Chevron posted
$12.0 billion in profit, a 380% year-over-year increase.