President Donald Trump has criticized major oil companies, specifically ExxonMobil and Chevron, for recording soaring profits while fuel prices remain high for consumers. The president scolded the companies for making too much money and called on them to bring pump prices "DOWN, NOW!"
The surge in profits follows a rise in oil prices amid the war in Iran, which the U.S. and Israel launched in February. U.S. crude oil prices have increased by approximately 20% since the attacks on February 28.
Chevron recently posted its highest quarterly earnings in at least six years. While Trump claimed that Chevron's success is a result of his administration's pro-fossil fuel policies, he criticized Chevron CEO Mike Wirth for failing to mention those policies during an interview with Fox Business Network.