U.S. President Donald Trump has called on Exxon Mobil and Chevron to lower gas prices, expressing dissatisfaction with the substantial profits reported by these oil giants. In the second quarter of 2026, Exxon Mobil reported a profit of $14.5 billion, while Chevron announced a profit of $12.1 billion, driven by high oil prices and geopolitical tensions in the Middle East. Trump indicated potential government intervention if prices do not fall. The market currently estimates only a 4% probability of crude oil reaching a new all-time high by September 30. Market participants will closely monitor any governmental actions and the potential response from OPEC and the International Energy Agency.
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