[U.S. Oil Giants' Q2 Profits May Soar to $24.7 Billion, Trump Pressures High Oil Prices Again] BlockBeats News, July 9 — Driven by escalating tensions in the Middle East and rising energy prices, ExxonMobil and Chevron's second-quarter net profits are expected to reach $15 billion and $9.7 billion respectively, totaling approximately $24.7 billion, both more than tripling compared to the previous quarter. Meanwhile, refining companies such as Marathon Petroleum and Valero Energy are also expected to achieve their highest profits in recent years. Facing persistently high gasoline and diesel prices, Trump has recently intensified pressure on the energy sector, demanding retailers lower fuel prices and instructing the U.S. Department of Justice to investigate whether oil companies are engaging in price gouging. Analysts believe that with the midterm elections approaching, high oil prices are continuously driving up U.S. inflation pressure, and the standoff between the Trump administration and oil giants may further escalate. [Original Link]