Trump urges oil firms to cut fuel prices, names Chevron CEO

Former President Donald Trump on Monday, August 3, 2026, publicly pressured major oil companies to lower gasoline prices for American consumers, singling out Chevron and its chief executive, Mike Wirth. In a post on his Truth Social platform, Trump criticized Wirth for not crediting his administration for the industry's current success, specifically citing Chevron's renewed operations in Venezuela as an example of his policies' impact.

Trump's post stated that without his administration's efforts, the oil industry and the country "would be DEAD." He pointed to Chevron's return to Venezuela as evidence, writing that the company is now "back, far bigger and stronger than ever before, expecting to make a fortune." He concluded his message with a direct command to the industry: "get your consumer retail! Oil Prices DOWN, NOW!"

The public appeal comes amid persistent concerns over the cost of living and high fuel prices ahead of the November midterm elections, where Republicans risk losing their majority in the House of Representatives and potentially the Senate. Although global crude oil prices fell sharply over the weekend after Trump called off a planned military strike on Iran,...