AssetID: 55897228
Headline: UNCAPTIONED: Trump Blasts Exxon And Chevron Over High Fuel Prices
Caption: Trump Blasts Exxon And Chevron Over High Fuel Prices. President Donald Trump has criticized Exxon Mobil and Chevron, accusing the oil giants of making excessive profits while Americans face high gasoline prices. Trump said the companies were "making too much money" and urged them to cut retail fuel prices for consumers. The comments came after both companies reported strong quarterly earnings, boosted by higher oil prices and refinery profits.Average U.S. gasoline prices have remained around $4.10 a gallon, up sharply since the conflict involving Iran escalated earlier this year. In June, Trump ordered the Justice Department to investigate whether major oil companies were failing to pass lower crude oil prices on to consumers. Chevron declined to comment, while Exxon did not immediately respond to Trump's remarks. The companies' executives warned that limited refining capacity could keep gasoline prices elevated through the fall. The American Petroleum Institute said fuel prices are being driven by global supply, demand and uncertainty in the Strait of Hormuz, rather than by any single company. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Donald Trump,Exxon Mobil,Chevron,gasoline prices,oil,American Petroleum Institute,fuel,energy,United States,Strait of Hormuz,crude oil,refinery,inflation,petrol prices,energy sector,Justice Department
PersonInImage: