According to CoinMeta, Trump stated that oil giants made huge profits in the second quarter. The five major supermajors (ExxonMobil, Chevron, BP, Shell, and Total) generated $48 billion in profits between April and June, benefiting from higher fossil fuel prices. Trump criticized these companies for not reinvesting their profits back into shareholders but instead choosing to hoard cash and repay debts. Meanwhile, environmental activists are calling for a surtax on these excess profits. Trump reiterated his concern about oil prices and demanded that they be reduced.