Trump tells oil companies to ‘get retail prices down now,’ criticizes Chevron CEO Mike Wirth
US President Donald Trump renewed pressure on oil companies to lower gasoline prices, publicly criticizing Chevron CEO Mike Wirth while citing potential investigations and earnings performance ahead of midterm elections.

Through the Reader lens — US President Donald Trump publicly pressured oil companies to lower gasoline prices, singling out Chevron CEO Mike Wirth for criticism. The demand comes as rising fuel costs — partly linked to regional conflicts involving Iran, Venezuela, and Oman — weigh on consumers ahead of midterm elections. Trump cited potential investigations and earnings performance as leverage, signaling willingness to use regulatory threats to force price cuts. The pressure targets the broader energy sector, with Chevron as the most visible example. Coverage is thin but consistent across Indian outlets, framing the move as politically motivated rather than policy-driven. What remains unclear is whether the administration will follow through with formal investigations or rely on public shaming. Watch for any DOJ or FTC activity targeting major oil producers, and any voluntary price adjustments by refiners.
What to watch next
- Watch for DOJ/FTC investigation announcements targeting oil majors
- Monitor Chevron and peer voluntary price or margin adjustments
- Track midterm polling shifts tied to gas price sentiment