President Trump Blasts Chevron And Exxon Mobil Executives: “Get Gas Prices Down Now!”

President Trump has had enough of oil executives touting their quarterly earnings on financial news programs.

On Monday, President Trump took to Truth Social and let the CEO of Chevron have a piece of his mind.

Trump wrote, that oil companies such as Chevron have made a fortune during the Iran War and later demanded that Chevron lower their gas prices.

It didn’t stop there though.

Trump later called out Exxon Mobil as well while speaking to the press inside of the Oval Office.

Yahoo News provided further details on Trump’s call out on the big oil companies:

President Donald Trump turned up the heat on Exxon Mobil and Chevron over high gasoline prices on Monday, blasting his longtime industry allies for “making too much money” while Americans struggle with higher prices at the pump.

Oil majors have reported bumper quarterly earnings, buoyed by higher crude prices caused by the supply disruptions in the Middle East and the soaring profit margins for refineries. That has put targets on the backs of companies as the Trump administration faces mounting pressure to show it is working to bring down high gas prices ahead of the midterm elections.

“Based on a shortage, they’re making too much money,” Trump told reporters in the Oval Office Monday. “I don’t like it, and I should be the last one to say because I’m a big free enterprise guy — nobody bigger.”

Trump specifically called out the two biggest U.S. oil producers by name after both reported strong earnings on Friday.

“Chevron, too much money. Exxon Mobil, too much, too much money,” Trump said. “They ought to give some of that back to the public, and they better cut the retail price, the consumer price.”

The average U.S. retail gasoline price has hovered near $4.10 a gallon for the past week, up from less than $3 before the United States and Israel launched their attacks against Iran in February.

In late June, Trump ordered the Justice Department to investigate big oil companies for not bringing gasoline prices down fast enough as crude oil prices weakened. Pump prices are generally set by the retailers, often sole proprietors, who own gas stations, rather than major oil producers.

Take a look:

Mike Wirth, Chairman and CEO of Chevron, just gave, in an interview with the fabulous Maria Bartiromo, all of the reasons that his company is doing so well. The only thing he conveniently forgot to mention is that, without the genius, foresight, strength, and stability, of the… pic.twitter.com/1GkMv98fiJ

— Commentary Donald J. Trump Truth Social Posts On X (@TrumpTruthOnX) August 3, 2026

This was Wirth’s appearance on Fox News that Trump was responding to:

Here’s Chevron’s Mike Wirth yesterday morning with Maria touting his company’s great numbers without mentioning it’s all thanks to the Trump Administration! pic.twitter.com/IoCmRjiKKh

— JKash 🍊MAGA Queen (@JKash000) August 3, 2026

Watch the moment Trump called out Chevron and Exxon Mobil:

President Trump says that despite high oil prices, companies like Chevron and Exxon Mobil are making "too much money," amid the U.S. — Iran war: "I don't like it… They ought to give some of that back to the public." pic.twitter.com/pcYg3BlsRf

— CSPAN (@cspan) August 3, 2026

The People’s President is right!

The oil companies should give back to the public by lowering prices at the pump!

Trump’s comments come as he has given one last chance to Iran.

CBS News reported more on Trump’s last lifeline to Iran:

After he again backed down on further attacks against Iran to allow for negotiations, President Trump was asked what his message is to the American people.

“Well, you don’t know, I don’t know, I think we’re going to maybe get something,” the president told a reporter in the Oval Office. “But I want to give them every last chance before decapitation. Very tough to do what we have planned, still planned. We’ll see what happens.”

ADVERTISEMENT

“I’m very proud of the fact that I will give people, I’ll give people a chance,” he added.