President Donald Trump on Monday pressed U.S. oil giants to immediately slash gasoline prices, while slamming Chevron CEO Mike Wirth for not crediting his administration’s efforts to help the energy industry.
On Truth Social, Trump posted: “Mike Wirth, Chairman and CEO of Chevron, just gave, in an interview with the fabulous Maria Bartiromo, all of the reasons that his company is doing so well.
“The only thing he conveniently forgot to mention is that, without the genius, foresight, strength, and stability, of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD!
“As an example, they threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a fortune! That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW! Thank you for your attention to this matter.”
🚨 BREAKING: President Trump immediately directs big oil companies like Chevron to stop playing games and SLASH THEIR GAS PRICES
“Mike Wirth, Chairman and CEO of Chevron, just gave, in an interview with the fabulous Maria Bartiromo, all of the reasons that his company is doing… pic.twitter.com/kJO8ve8Q6G
— Eric Daugherty (@EricLDaugh) August 3, 2026
On “Sunday Morning Futures,” Wirth indicated the impact the Iran conflict has had on energy markets has left the situation “somewhat fragile and uncertain.”
“Inventories have been drawn down around the world, whether it’s strategic stocks or commercial stocks, and the situation remains somewhat fragile and uncertain,” he said.
🚨 EXCLUSIVE: @Chevron Chairman & CEO #MikeWirth joined @MariaBartiromo to discuss the impact of the Iran conflict on global energy markets.
🗣️ “The situation remains somewhat fragile and uncertain.”
Wirth says ongoing risks in the Strait of Hormuz, the Red Sea, and the Black… pic.twitter.com/dZVbHMph3X
— SundayMorningFutures (@SundayFutures) August 2, 2026
“I think the unfortunate thing is that energy assets have been targeted in this conflict, and what that means is it degrades the capacity of the energy system to meet global demand, and how quickly that comes back will be one of the things that determines when markets actually get back to some sort of a new equilibrium,” Wirth added.
As WorldNetDaily reported, Trump in June instructed the U.S. Department of Justice to investigate the high price of gasoline across America, accusing oil companies of “gouging” consumers.
In a post on Truth Social, the commander in chief indicated: “The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil.
“Those prices are dropping like a rock! In other words, customers are being ‘gouged.’
“I have instructed the DOJ to immediately start looking into this. Gasoline prices better start going down a lot faster than what I’m seeing!”
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