Trump urges Exxon and Chevron to cut gas prices amid record profits and high oil prices.

U.S. President Donald Trump criticized Exxon Mobil and Chevron for their large profits in Q2 2026, calling for lower gas prices. Exxon reported $14.5 billion and Chevron $12.1 billion in profits, driven by high oil prices and Middle East tensions. Trump hinted at possible government intervention if prices don't drop, which could affect oil market dynamics and futures pricing. Market watchers will monitor responses from OPEC, the International Energy Agency, and geopolitical developments that influence oil prices.