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United States President Donald Trump has lambasted the nation’s biggest oil and gas giants as Houston, Texas-based Chevron reported record earnings while consumers struggle with soaring petrol prices.

“I don’t like it,” Trump told reporters on Monday in reference to the blockbuster second-quarter earnings, as his war on Iran has kept oil prices high for months.

“Chevron, too much money. ExxonMobil, too much. Too much money.”

Trump’s comments came on the heels of an interview Chevron CEO Mike Wirth gave on the Fox News programme Sunday Morning Futures with Maria Bartiromo. Writing on his Truth Social platform, the US president berated Wirth for not crediting his administration’s efforts to help the oil industry.

“The only thing he [Wirth] conveniently forgot to mention is that, without the genius, foresight, strength, and stability of the TRUMP Administration, the Oil Industry, and our Country itself, would be DEAD!”

Chevron reported its highest quarterly profits in six years on Friday. Adjusted earnings per share came to $6.06, or $12bn, as tensions between the US and Iran strained global oil supply chains in the strategically vital Strait of Hormuz, where roughly one-fifth of the world’s energy supply travelled through before the war, sending prices soaring.

Chevron rewarded its employees. Wirth praised them for their work and said in an email that most workers would receive a bonus equivalent to half their monthly base pay, the Reuters news agency reported, citing an internal email.

Al Jazeera has not been able to independently confirm Reuters’ reporting.

Chevron’s strong earnings come as the company is less reliant on Middle Eastern production operations than its competitors, allowing it to reap the benefits of higher global oil prices during the quarter. Brent crude, the global benchmark for oil prices, was 23 percent higher than in the first three months of the year.

“Being less dependent on the Strait of Hormuz is definitely helping them. It’s also the refining they’re able to do here. The fact that Chevron has less than 5 percent exposure there gives it some protection,” Bill Drolet, executive director, mergers & acquisitions at The Post Oak Group investment bank, told Al Jazeera.

“More than 70 percent of Chevron’s production is concentrated in America, and that’s where it’s making its biggest margins right now.”

Chevron also benefitted from the president’s move to open up oil production in Venezuela after US special forces abducted the country’s president, Nicolas Maduro, in January. Chevron had stayed on in the South American nation even after former President Hugo Chavez nationalised oil production.

Chevron did not respond to Al Jazeera’s request for comment.

Competitors also performed well. ExxonMobil on Friday posted its best quarterly profits in four years, but they fell short of analysts’ expectations. Earnings raked in $9.2bn.

Exxon did not respond to a request for comment.

On Thursday, Valero Energy reported its highest ever second-quarter profit, with net income coming in at $3.7bn as US refiners reap the benefits of tensions choking oil production across the Middle East.

But those benefits have not reached consumers, who are feeling the strain at the petrol pump. Petrol prices are above $4 a gallon (3.78 litres) across the US. The average price for a gallon of petrol is $4.09, down from $4.11 this time last week, but up from $3.82 a month ago, according to the American Automobile Association (AAA), which tracks daily petrol prices.

By comparison, when the US and Israel first struck Iran in late February, the average price was $2.98.

An analysis from Bank of America published in April showed consumers spending as much as 4.2 percent of their income on petrol in March, up from 3.9 percent in 2019. Lower-income earners are hit much harder, with more than 10 percent of households spending more than 10 percent of their monthly income on petrol.

This comes as pressure on the US Strategic Petroleum Reserve continues. The reserves hit their lowest level since 1983 this week, according to the Department of Energy. They fell by 2.8 million barrels over the week to 304.8 million barrels.

Political pushback

The condemnation of the oil industry has come from across the political spectrum.

“A decent industry would say, ‘this was money we didn’t earn, it’s a windfall we get from our cartel pricing scheme.’ Not these corrupt, greedy and grasping rogues,” Democratic Senator Sheldon Whitehouse of Rhode Island wrote in a post on X on Sunday.

But lowering prices might not be as easy. Beyond pressure from consumers, companies across the corporate United States are beholden to a concept called shareholder supremacy. This means that while lowering prices might be in the best interest of pinched consumers, it may not be possible given the legal framework and companies’ fiduciary responsibility to shareholders.

“They’ve [oil companies] got shareholders they’re responsible for. They could reduce share buybacks or dividend payouts, but right now, I don’t see oil companies doing much,” Post Oak Group’s Drolet said.

He said if he were advising a member of Congress or the president, providing relief to consumers might be easiest by suspending the so-called gas tax, which varies by state. In Texas, for example, the gas tax accounts for 20 cents per gallon, while in California, it is 63 cents per gallon.

“From a political standpoint, the best thing our government can do is suspend gas taxes, especially in California. If they put a temporary hold on taxes, that would help everybody get through this challenging time.”

Al Jazeera asked the White House if that policy is on the table, but the press office did not respond.

Heading into the US midterm elections, cost of living remains among the highest concerns for consumers. In a Washington Post/Ipsos poll last month, 54 percent of respondents said that high prices and the economy were a chief concern heading into November.

“They see the price of fuel and net profit for Exxon and Chevron and feel that they are abusing US consumers, especially as US consumers have access to the correct fuel, whereas other areas around the world have shortages [such as Germany, Philippines],” Babak Hafezi, professor of international business at American University, told Al Jazeera.

“The reality is that as the war [On Iran] progresses, the impacts of the lack of supply will create full price and supply shocks.”

Amid Trump’s comments, Chevron’s stock is on the downturn in midday trading, tumbling more than 2 percent from the market open. However, it is up more than 1.1 percent over the last five days.

ExxonMobil is down 0.5 percent for the day and 0.1 percent over the last five days.

Several Russian regions are facing fuel shortages because of Ukrainian attacks.

A Russian missile attack on the central Ukrainian city of Kryvyi Rih has killed at least three people, as Moscow struggles with the economic strain of the four-and-a-half-year Russia-Ukraine war.

Oleksandr Vilkul, the head of the Kryvyi Rih defence council, said in a post on Telegram on Tuesday that 25 people had been wounded in the attack, which he said used a cluster munition warhead.

“People died within 200 metres [660 feet] of each other because of this barbaric weapon,” Vilkul said, adding that a day of mourning would be marked on Wednesday.

Kyiv has previously accused Moscow of using cluster munitions, which scatter into smaller explosives when dropped.

Reacting to the attack, Ukraine’s President Volodymyr Zelenskyy called for more international pressure on Moscow to end the war and for quicker supplies of air defence systems.

“Every delay in implementing air defence agreements, every delay in supplies to protect Ukraine and Ukrainians is in effect a loss of life,” he wrote on Telegram.

Ukraine announced on Tuesday that its forces had targeted a railway bridge, a power plant and other key infrastructure in Russian-occupied Crimea.

Weakened rouble

Over the past few months, Russia and Ukraine have significantly ramped up attacks. As Moscow launches barrages of strikes on Ukraine, Kyiv in turn has targeted Russian refineries and infrastructure with its own drones.

Ukraine’s drone attacks have led to fuel shortages in Russia. Many regions across the country have reported restrictions on fuel sales and rising prices for oil products, creating concerns about the stability of Russia’s economy.

On Monday, the Moscow Exchange stock index fell by five percent before it rebounded slightly. It is still around its lowest level since March 2023, while the rouble weakened past the 75-mark against the US dollar for the first time since May 6.

The Kremlin dismissed concerns about the rouble’s weakness.

“The stability of the Russian economy, macroeconomic stability, is absolutely ensured,” government spokesperson Dmitry Peskov said on Tuesday.

Meanwhile, efforts to end the war have remained effectively frozen as United States President Donald Trump has shifted his focus to Iran.

Russian Foreign Minister Sergey Lavrov told foreign envoys in Moscow on Tuesday that the Americans seemed to be “abandoning any claim to the role of an objective mediator and are instead pursuing a course of escalating sanctions pressure on Russia”.

Dodgers utility man Kiké Hernández sat with manager Dave Roberts on the dugout bench for a while after he was lifted from a 15-6 win over the Rockies on Tuesday with what the team later called a left oblique strain.

“He understood how frustrated I was,” Hernández said, “and he was trying to get me to keep my head up.”

The Dodgers plan to put Hernández on the 10-day injured list and recall infielder Alex Freeland, Roberts said after the game. Hernández expects to know more about the severity of the injury Wednesday.

“It’s a bummer,” Roberts said after the game. “He’s missed a lot of time and worked hard to get back, was in great shape, added that spark that we had hoped.”

It was his second game of the season, after starting the year on the injured list after offseason surgery on his left elbow. And he was driving the ball hard.

But he said he initially tweaked his oblique before his season debut, during batting practice Monday.

“I was pretty embarrassed about it,” Hernández said. “I thought it was just weird tightness. Never done an oblique before. So I didn’t really know what I was feeling. Came in today, wasn’t feeling great. I got treatment, but I thought I could play. … Compared to some of the things I’ve played through in the past, it was nothing.

“And, yeah, it was a little more than nothing”

In Hernández’s first at-bat Tuesday, leading off the third inning, he launched a solo home run. That swing, however, “felt awful.”

In between innings, he felt it throwing to first.

In his second at-bat he swung and missed before doubling as part of a four-run rally in the fourth inning. Neither swing felt good. When it also hurt running the bases, he knew it was time to come out of the game.

“Any other year, I would have at least tried to finish the game,” Hernández said. “But … when I was with the Red Sox, going through my core injury, last year with my elbow, I just keep going through things and I make things a lot worse. Today was one of those games that I felt like if I kept going, I was probably going to really, really put myself in danger of missing the rest of the season. So I just told him that I couldn’t go anymore.”

After talking with Roberts, Hernández stood up and disappeared down the tunnel. He was replaced in the lineup by Hyeseong Kim, with Miguel Rojas sliding over from second base to third in the top of the fifth inning.

“Frustrating to say the least,” Hernández said. “Not just because I missed time, but me coming back got somebody off the roster— those types of things. I was only able to give the team four at-bats. Yeah, tough. I feel pretty defeated right now. Hopefully we get somewhat good news tomorrow.”

Hernández had been filling in for Max Muncy at third base, while Muncy recovered from being hit by a pitch on the right wrist on Friday in Milwaukee. But Muncy will be in the lineup Wednesday, Roberts said, after testing his wrist before the game by throwing to bases and hitting on the field. He entered the game Tuesday in the top of the ninth and fielded a groundout.

So, the Dodgers will have options in the infield, even after designating Santiago Espinal for assignment Monday to activate Hernández. Freeland is expected to fill the utility player role. But Hernández made an immediate difference in just two games.

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After Hernández helped jump-start the offense Tuesday, it kept piling on. Mookie Betts had a two-homer game, his first in over a year. Andy Pages’ four-hit game tied a career high. The team combined for 17 hits and 15 runs, both matching season highs.

By the end, both teams had position players pitching. And the Rockies scored all but one of their runs off Rojas.

Ohtani to pitch despite HBP

In the fourth inning, right after Hernández’s double, Rockies starting pitcher Kyle Freeland hit Shohei Ohtani in the right hand with an 85.2-mph changeup.

Ohtani spun and winced but then strode straight to first base. The next inning, Dalton Rushing pinch hit for him.

Shohei Ohtani reacts after getting hit by pitch on his right hand in the fourth inning.

(Gina Ferazzi / Los Angeles Times)

Ohtani still scheduled to start on the mound Wednesday, Roberts said. But his hitting status went from likely to undecided.

“I just want to make sure, how he comes in and physically how he feels,” Roberts said. “Want to make sure he feels really good on the pitching side of things.”

Roberts doesn’t expect Ohtani to need X-rays on his hand, saying the pitch mostly hit the padding on his batting gloves.