Oil profits spike as Middle East war fuels energy prices and Trump blasts soaring earnings – business live

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Guardian Business

Oil profits spike as Middle East war fuels energy prices and Trump blasts soaring earnings – business live

Rolling coverage of the latest economic and financial news BP boss Meg O’Neill is defending its surge in profit, after Donald Trump blasted US oil companies ExxonMobil and Chevron for also reporting windfall earnings last week. The president told reporters last night that the oil companies should “give some of that [profit] back to the public and they better cut the retail price, the consumer price.” I understand the…