# Trump blasts Exxon, Chevron for making 'too much money,' demands lower gasoline prices

> **Open Intelligence Dossier** · First detected: 2026-08-04 02:07 UTC · Category: Business

## Executive Summary
Donald Trump criticizes Exxon and Chevron over high profits as BP reports a more than twofold increase in earnings amid war-driven oil price spikes.

## Intelligence Brief
This criticism coincides with a significant financial surge for BP, which has seen its profits more than double. The surge in BP's earnings is linked to a boom in refining and oil trading, as detailed in reports from Bloomberg.com and The Guardian. Coverage from several major outlets, including the Wall Street Journal, Financial Times, and Bloomberg.com, emphasizes the specific drivers behind BP's financial growth. The Wall Street Journal notes that oil traders have successfully capitalized on volatility within the Middle East.


Meanwhile, Bloomberg.com attributes the profit surge to a boom in refining and oil trading occurring during the war. The Guardian explicitly connects these soaring oil prices and the subsequent increase in BP's profits to the ongoing war involving Iran, highlighting a direct link between geopolitical conflict and corporate revenue. Contextual reports from the Financial Times provide further insight into BP's strategic shifts during this period of high profitability. The outlet reports that BP intends to sell its US biogas business as its overall profits continue to soar.


This corporate restructuring occurs against a backdrop of extreme market volatility and rising energy costs. The situation is framed by a tension between the soaring profits of global oil giants and the political pressure for price relief at the pump, as evidenced by the statements attributed to Donald Trump regarding the excessive earnings of Big Oil. Looking forward, the coverage indicates that the stability of gasoline prices and corporate earnings will likely remain tied to the trajectory of the war with Iran. Observers will be monitoring whether BP proceeds with the sale of its US biogas business and how the energy sector responds to the demands for lower prices.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| The Guardian | Nicola Jennings on Donald Trump’s complaints about oil companies – cartoon | [Source Link](https://news.google.com/rss/articles/CBMiwAFBVV95cUxPZzdSMlQ2OER0MGFsSFk4MVVET3BsQng2NzZtWEFsSE5MNmlCelByN1dGQl95NGJoc2tjMlNZcldiaW9xOUtDX3VPbUNUWDRmQTJCOGlUZVVjaEFRN0VTNlI3VGk3d216UllsQ05aXzd3M1RYUUhWbGZQWGFMa3FMemdMdDAyM0FsS2xWZ1N4Y1N2NDJHSXhVMW5uQzJ6Sm04RWpWeTFidXBZYkZUOWdjb0ViMzVmNnRtdGZZeHQzeHU?oc=5) |
| WSJ | Opinion - Trump, Big Oil, and ‘Too Much Money’ | [Source Link](https://news.google.com/rss/articles/CBMieEFVX3lxTFBrZUU5djI3Tm5nQzljLVNtTkVhbWVyLVFJV0NncVNicmZIdmxsUW1GS2xQbVdYVmhfMFdLNTJPaFpWNno0dlpScVpfWko1Rmw2MFd0djFqZ3RHaVM4RmU3WFZzY0ZFcWtaZlBVR1BfWVUwcm5vQk5ocw?oc=5) |
| Semafor | Trump says oil majors are ‘making too much money’ | [Source Link](https://news.google.com/rss/articles/CBMipwFBVV95cUxNSThFcTV1SVhfSUo2UHQ4Y2RVWXZBWFpYLXl6SXVIT29yRkdGcXliV2M1NHNBUUpUd0FhX3p0T1BOUGwyVkpLaXE0WWJNczJDVW9vSUpwNWxGUHZCZVlIN1hVakh6eDBac0FaUVdla09YX0xNOEU4LWMwaEVYOU80MWhqU0tqSzh1T2w5TGd3azNHSWEzYzNiTWt2ZVYtZ0VXV1l5QjRvbw?oc=5) |
| WSJ | BP’s Profits Surge as Oil Traders Capitalize on Middle East Volatility | [Source Link](https://news.google.com/rss/articles/CBMitwFBVV95cUxNa1JIVVNDdGxSRzd5eklKNUoxWkZNUG82RlItOENFY05aZC1vTnhoUFhRNXk2UFgyYzVieGVzbFRER1pVdlQtMTE3WlIzLTBDeFloeC03anNsTjdENW1JbXp5MVVXdW9uSnM5RVZFYXQ1UElSdnNsSXZkLW5RMDlCUlZvSE9kY3B3bllRRjFya0g2LTZhOV9VNzc5RnJESGhTcjl5dW5qekQ1V1ljcTFrUXhBejZpZnc?oc=5) |
| Financial Times | BP to sell US biogas business as profits soar | [Source Link](https://news.google.com/rss/articles/CBMihAFBVV95cUxNS2NUMGtLMFE0cEc4Zk5FNEJ5VVdja2RFMHVtWU1WTWdIRGk2eHg5LTROdk5TQ2o5dGUyaHIzcW1CUUdVOVpLZ21jNzQ4UFhMQ0tQZnVUVGY4Wk50YnV0cUZTQ2k4Z3Q4WjI4NE1tMFREVWlQelZ5bjI0cTBNdk01enBmWjg?oc=5) |
| Bloomberg.com | BP’s Profit Surges as Oil Trading and Refining Boom During War | [Source Link](https://news.google.com/rss/articles/CBMiswFBVV95cUxNTnlFYU15OFhXdGVEOG5DYXVJSmNsT1RGYm9HalhRdHd0WlBRM2NOREVFZjN6b3h5Y2VNVi02SmFrcG5MNzc1MVdic181Q1Y0ZjFiQ1FJMWJHTGNZaDVfVUMyVk01MEJtT211OXktUzkyeFhiWnJRUjBCSXlZSEtXM2FFNjN5eGdEZ3oyUFBGUF82SkZTaHVsNHluU0Z1QmNNVW9wMWdTTlhBRXozRUlSVGFvVQ?oc=5) |
| The Guardian | BP profits more than double as Iran war sends oil prices soaring | [Source Link](https://news.google.com/rss/articles/CBMijgFBVV95cUxOa0JKTElES1E5UThsUURZVlBoeXRucEtsa0U1bnhaNmVvR2Qtd3h0NlhuN0ZqTWcxRjYyUDN2TEJrTU5IRnVGY3UyaE84QnV3TDdZNmZLX3Q2cTJ4bUtvTXduWHE4TmhtRHhxQm5TNFo3NElLWnhsUC1KZ1FndVU1T09ka1A4ekk2eW1zTEhR?oc=5) |
| CNBC | BP profit more than doubles as Trump blasts Big Oil for ‘making too much money’ | [Source Link](https://news.google.com/rss/articles/CBMickFVX3lxTE00Mk9kcjNCbEFXalVmQWlDekJ5NTdQZWdOWjU0SnVvVHBtdmp6aHRqTzhMWl84SDlIZGx1Tjl6SmNUcmxUUTNKSXlJa1RFc3FPWUpjZW9CS0pGT0hFTjRwQl9BenlvQVVoSkZfUkRKdERaZ9IBd0FVX3lxTE5SOFhqVXRxaWhqUXhrS1BzdjJIMzdTSGhaLS02TTFHMTBQZlM4cERqN3ljekNBU0FlWHpLYVczeXVqeEJaazlQQWM0ZGxnaGxzRzdFZ1Q1blZKYzBTcXI0OW42ODVpVS1mR0pQcnJtbi1zTHFENXlN?oc=5) |
| Barron's | Chevron, Exxon Making Too Much From Surging Oil, Trump Says. BP Profit More Than Doubles. | [Source Link](https://news.google.com/rss/articles/CBMiiwFBVV95cUxPbWFxYTI5NEZlMHAzemN3N0R1RG53R0J4M2hxUzloakVFM1Axek9uYmRqcGZrNGdlSFRzT0ZXUzNOXzIzVzZhVVFXdEt5ckMwdVRZY0pXSG84X3JTOEFiVUxYalhuSHUyemVWeVhkbU5DakhYU29zdkRtcUlVR1lsWFpYbU0xR0ZwNXRj?oc=5) |
| The Guardian | Trump slams oil companies for ‘making too much money’ from his war on Iran | [Source Link](https://news.google.com/rss/articles/CBMiqgFBVV95cUxPY2oxbGhTZWYtRzladjFUVHcwRUVxZW9rZ1ZwTWZkbEZtRC15T1BtTUM4d2JoTUI3cUxRdkx1Q1gxSkp3Mk9TUWU2XzQtRGN4bVhYTG9ncGhWRmVicVNhWEk1TVhBQWx2MFBRQWJHZDRvcU90ZW1TelRMWURSOVFiYUw3VzVjVkpRLUNsTXI0WEp0WV9kSDl4QS1iZ09MeVZ2cVprek9naU44Zw?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-08-04/trump-blasts-exxon-chevron-for-making-too-much-money-demands-lower-gasoline*