First Thing: Trump chastises oil companies for ‘making too much money’ from his Iran war
US president takes aim at profits as oil companies worldwide benefit from US-Iran conflict
Source excerpt
Donald Trump has criticised oil companies for “making too much money” from the global energy market disruption caused by his war on Iran.
The US president took aim at the windfall profits revealed last week by ExxonMobil and Chevron, and claimed the companies would “give some of that back to the public”.
The US oil companies made profits totalling more than $26bn for the three months to the end of June.
Chevron reported its highest ever quarterly profit of $12.2bn, a fivefold increase on the same period last year.
Bold News stores the normalized extraction for evidence and analysis. This public wrapper shows a limited excerpt; use the original link for the publisher's complete presentation.