Donald Trump demands lower gasoline prices from US oil companies FAST-MOVING
President Donald Trump posted on Truth Social urging U.S. oil firms to cut gasoline prices for American consumers. He singled out Chevron chairman and CEO Mike Wirth, accusing him of failing to credit the Trump administration’s role in the industry’s success and recalling that Chevron was expelled from Venezuela before returning "far bigger and stronger than ever." Trump linked the high fuel prices to record profits earned by major oil producers—Exxon Mobil posted a $14.5 billion net profit and Chevron a $12.1 billion profit—driven by higher crude prices after the Iran conflict. He noted that global oil prices fell after he cancelled a planned massive attack on Iran, but pump prices have not followed. The demand comes amid political risk for the Republican Party ahead of the November midterm elections, where rising gasoline costs are a key voter concern.
The criticism was echoed across multiple outlets in several languages, all reporting the same call for immediate price reductions and highlighting the companies’ recent earnings and the broader geopolitical backdrop.
Entities: Chevron · Donald Trump · Exxon Mobil · Marjorie Taylor Greene · Mike Wirth · United States · Valero Energy · Venezuela
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] Global oil prices fell after Trump cancelled a planned massive attack on Iran. (725e5621-43de-4037-b323-bee05c199d95, 84379dc3-da3b-42c8-b3de-85a874cc1205, 86fb8537-359c-4cbc-867b-92cf727e8d0d)
- [● 3 SOURCES] Rising gasoline prices pose a political risk for the Republican Party ahead of the November midterm elections. (725e5621-43de-4037-b323-bee05c199d95, 84379dc3-da3b-42c8-b3de-85a874cc1205, 01fa96bb-c87e-4fc5-9388-00f74bc4ba3b)
- [● 2 SOURCES] Chevron reported a profit of $12.1 billion, a five‑fold increase over the comparable period last year. (2fafd7e1-54f3-4bee-8c8a-3c5b45d0d783, 11372fcb-f57b-4269-907a-562388065410)
- [● 2 SOURCES] Exxon Mobil reported a net profit of $14.5 billion in the second quarter, roughly double the prior year. (2fafd7e1-54f3-4bee-8c8a-3c5b45d0d783, 11372fcb-f57b-4269-907a-562388065410)
- [● 3 SOURCES] Trump criticized Chevron CEO Mike Wirth for not crediting his administration’s role in the oil industry’s success. (ec0d60ab-12ee-4c02-8d20-dd12fde8d0a2, 725e5621-43de-4037-b323-bee05c199d95, 84379dc3-da3b-42c8-b3de-85a874cc1205)
- [● 4 SOURCES] Donald Trump posted on Truth Social urging U.S. oil companies to lower gasoline prices for consumers. (eb1708f5-2600-4d3d-bd82-d566c926a0fe, ec0d60ab-12ee-4c02-8d20-dd12fde8d0a2, 725e5621-43de-4037-b323-bee05c199d95, 84379d)
- [● 2 SOURCES] Trump claimed oil companies earned excessive profits from the Iran conflict and should return part of the earnings to consumers. (2fafd7e1-54f3-4bee-8c8a-3c5b45d0d783, 11372fcb-f57b-4269-907a-562388065410)
- [● 3 SOURCES] Trump said Chevron was expelled from Venezuela and has now returned larger and stronger. (ec0d60ab-12ee-4c02-8d20-dd12fde8d0a2, 725e5621-43de-4037-b323-bee05c199d95, 84379dc3-da3b-42c8-b3de-85a874cc1205)