‘That’s not capitalism!’ Trump attacks Exxon and Chevron over ‘too much money’

Aug 06, 2026 - 09:01
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‘That’s not capitalism!’ Trump attacks Exxon and Chevron over ‘too much money’

President Donald Trump is known for taking on whoever he wants, but his latest target has even some conservatives raising eyebrows — and wondering if the government is abandoning the free market principles America thrives on.

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"Based on a shortage, they're making too much money," Trump told reporters about Exxon Mobile and Chevron. “I don’t like it.”

“When we’re finished with Iran, you’re going to see the prices drop through the floor. But they made too much money. Too much money. Chevron, too much money. Exxon Mobile, too much. Too much money,” he continued.

“You're surprised? I'm saying it. I'll say it loud and clear," the president added.


“This is concerning,” BlazeTV host Pat Gray comments.

“That’s not capitalism,” he adds.

“Just to look ahead, Mr. President,” Jeff Fisher chimes in, “when the prices do drop through the floor, they’ll have had this money to maybe survive on a little while.”

Executive producer Keith Malinak points out that on February 27, Chevron closed at $189 a share.

“Today, they’re all the way to $193 a share,” he says.

Meanwhile, Exxon is up $6 a share.

“So very modest stock gains at least for those two companies in the last six months. It’s not like how drug companies did with your vaccine,” he adds.

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Fibis

I am just an average American. My teen years were in the late 70s and I participated in all that that decade offered. Started working young, too young. Then I joined the Army before I graduated High School. I spent 25 years in, mostly in Infantry units. Since then I've worked in information technology positions all at small family owned companies. At this rate I'll never be a tech millionaire. When I was young I rode horses as much as I could. I do believe I should have been a cowboy. I'm getting in the saddle again by taking riding lessons and see where it goes.

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