Trump's War on Oil Profits: A Convenient Target? The US president's recent criticism of oil companies for "making too much money" from his war on Iran is a textbook example of scapegoating.
By targeting the profits of ExxonMobil and Chevron, Donald Trump attempts to shift attention away from the devastating consequences of his own policies. ExxonMobil reported $14.
5 billion in profit during the second quarter, more than double its earnings last year. Chevron's record breaking $12. 2 billion profit was a fivefold increase on the same period in 2019.