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Gavin Newsom Says Trump Delivering ‘Windfall’ Profits For 'Big Oil' Giants XOM, CVX Amid Iran War—Bernie Sanders Says Surge Is ‘Beyond Unacceptable’

Nov 1, 2026 · 11:31 PM ET· updated 2h ago
Gavin Newsom Says Trump Delivering ‘Windfall’ Profits For 'Big Oil' Giants XOM, CVX Amid Iran War—Bernie Sanders Says Surge Is ‘Beyond Unacceptable’

Newsom and Sanders accuse Trump of enabling Big Oil windfalls as gas prices rise, citing surging ExxonMobil, Chevron and Shell profits.

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Why It Matters

Oil company stocks went up when gas prices rose. When people pay more at the pump, oil companies make more money.

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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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