Trump Credits His Administration for Chevron’s Rebound, Demands Lower Oil Prices
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Trump Credits His Administration for Chevron’s Rebound, Demands Lower Oil Prices

Trump ties Chevron's success to his policies, cites the company's Venezuela return and presses oil producers to cut retail prices now.

Richard Miniter
By
First Published: August 3, 2026, 9:17 AM ETUpdates (1): August 3, 2026, 9:17 AM ET

WASHINGTON D.C. — Donald J. Trump credited his administration for the recovery of Chevron Corporation, the second-largest U.S. oil company by market value, and demanded that producers cut retail fuel prices immediately. Trump made the claim on Truth Social, tying the industry’s health to what he called the strength and stability of his government.