Trump says oil supermajors are making too much money. What will they do with it?
--------------------------------------------------------------------
Source: CNBC
Published: 2026-08-10 15:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Middle East, Military & Defence, Iran, Energy, Financial Markets, Tax & Budget, US Politics, War & Conflict
--------------------------------------------------------------------
Snippet:
Big Oil enjoyed a blockbuster profit windfall in the second quarter. A key question now is whether the industry will use this cash bonanza to reward shareholders, strengthen balance sheets or invest for the future — all while trying to avoid a growing political backlash.
--------------------------------------------------------------------