Trump says oil supermajors are making too much money. What will they do with it?
Reported by CNBC · cnbc.com · August 10, 2026
The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too much money.”
What the tape says
What to watch: Tightening supply raises input costs across industrials and consumer discretionary.
Market reaction today: $CVX -1.06%, $XOM -0.64%
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