ExxonMobil, Chevron Q2 Profits Surge to $24.7 Billion Combined as Trump Pressures Oil Majors on Prices

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According to BlockBeats, ExxonMobil and Chevron's Q2 net profits are projected to reach $15 billion and $9.7 billion respectively, totaling approximately $24.7 billion on July 9, each more than tripling from the previous quarter amid Middle East tensions and rising energy prices. Refining firms including Marathon Petroleum and Valero Energy are also expected to post record profits. Meanwhile, Trump has intensified pressure on the energy sector, demanding retailers lower fuel prices and instructing the U.S. Department of Justice to investigate whether oil companies are engaging in price-gouging.
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