Which companies did Trump specifically name as being probed in connection with the surge in gas prices?

Trump specifically named Exxon Mobil (XOM.N) and Chevron (CVX.N) as among the companies being probed as part of a surge in gas prices.

What did Trump state about the reason for the investigation into these oil companies?

Trump stated that the probe into Exxon Mobil and Chevron was connected to 'a surge in gas prices'—indicating the investigation was motivated by concerns over rising fuel costs to consumers.

Trump says Exxon, Chevron among firms probed as part of surge in gas prices

Jun 24, 2026

U.S. President Donald Trump stated that Exxon Mobil and Chevron are among companies being investigated regarding the recent surge in gasoline prices. The move signals increased government scrutiny on major energy firms amid rising consumer costs.

reuters

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