Trump Singles Out Exxon, Chevron, Shell, and BP Over High Gas Prices
The Trump administration's public targeting of major oil corporations—specifically ExxonMobil, Chevron, Shell, and BP—signals a highly politicized shift in US energy policy, where the White House is attempting to deflect public anger over inflation directly onto supermajors. By initiating a federal price-gouging probe despite falling crude benchmarks, the administration is leveraging antitrust and regulatory threats to force retail fuel prices down. This populist strategy marks a tense departure from the administration's typical pro-fossil fuel rhetoric, highlighting the deep political sensitivity surrounding domestic consumer energy costs.
OilPrice · June 25, 2026
Gas Majors Oppose Australia LNG Windfall Tax as Prices Surge
Major international energy companies, including Shell and Chevron, are actively cautioning the Australian government against implementing a windfall profits tax on its liquefied natural gas exports. Their primary concern is that such a fiscal measure, proposed amidst elevated global gas prices, would significantly disincentivize future upstream investment and potentially compromise long-term energy supply stability.
Offshore Engineer · March 31, 2026