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At close · Fri, Aug 7, 2026
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Home›Global Markets›Trade & Tariffs›Trump targets oil supermajors’ profits, raising politi…

Trump targets oil supermajors’ profits, raising political backlash risk

The remarks point to a political push that could intensify scrutiny of Exxon Mobil and Chevron as their profit windfall draws criticism.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports that Donald Trump criticized oil supermajors for earning what he called excessive profits, arguing companies such as Exxon Mobil and Chevron are making too much money.

The outlet says the perceived windfall is fueling new political and environmental backlash, with the comments adding momentum to the scrutiny.

CNBC World frames the same issue, noting that the profit debate could shape how the companies respond and how regulators and stakeholders react.

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Sources

CNBC MarketsTrump says oil supermajors are making too much money. What will they do with it?
CNBC WorldTrump says oil supermajors are making too much money. What will they do with it?

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