Trump says oil companies made ‘too much money’

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Watch: 'I don't like it, and I should be the last one to say it, because I'm a big free enterprise guy'

Published Aug 08, 2026

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United States President Donald Trump says Exxon Mobil Corp. and Chevron Corp. made “too much money” after higher crude prices lifted oil profits. We look at the factors that pushed energy prices higher and the political considerations behind the president’s desire for lower consumer costs.

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Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
Daily content from Financial Times, the world's leading global business publication.
Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
Daily puzzles, including the New York Times Crossword.

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