Oil Giants in the Crosshairs: Trump Targets Exxon and Chevron's Profits President Donald Trump has launched a broadside against corporate America, singling out oil giants ExxonMobil and Chevron for making "too much money" from high oil prices during the ongoing Iran conflict.
While his claim may seem like a populist dig at the industry, it conceals a more complex reality.
Chevron's earnings soared nearly 400% to $12 billion in the second quarter, while ExxonMobil's profits more than doubled to $14. 5 billion.