Will Trump lambast big oil for big profits w/i a day after Chevron & Exxon report results on 7/31?
78% of users predicted NO — the community got this one right. 36 predictions cast.
Exxon Mobil and Chevron reported combined second-quarter profits of about $26.5 billion on July 31, 2026, with Exxon earning roughly $14.5 billion and Chevron about $12.1 billion, both benefiting from oil-price spikes tied to the U.S.-Iran war, according to CNN Business and the Washington Post. Chevron's profit alone was up roughly fourfold from a year earlier.
Trump had spent the preceding weeks pressuring oil majors over pump prices, at one point directing the Justice Department to investigate whether retailers were 'gouging' consumers as crude prices fell faster than gasoline prices. That pressure campaign predated the July 31 earnings release, however, and Trump did not issue a fresh public statement singling out Chevron or Exxon's results specifically within the 24 hours that followed the report. Chevron's CFO instead used the earnings window to push back publicly on the price-gouging probe, telling reporters there is a lag between crude prices falling and pump prices following.
The community put just a 22% chance on Trump lambasting the companies within that window, correctly anticipating that his ongoing criticism would not be freshly triggered by this specific earnings release.