U.S. President Donald Trump recently accused oil companies, including Shell, ExxonMobil, and Chevron, of price gouging and called on the U.S. Department of Justice to investigate. However, some analyses suggest that oil and gasoline, as commodities, have prices primarily determined by the market, not controlled by these companies. The article cited data showing that in the first half of 2026, Shell's revenue increased by 22% year-over-year, and its earnings per share doubled to $2.94; Chevron's revenue grew by 28%, and its earnings per share doubled to $7.23; ExxonMobil's revenue increased by 22%, and its earnings per share grew by approximately 66% to $5.60. These companies made substantial profits when oil prices were high, but analysts believe this is not evidence of price gouging but rather a normal performance amid market fluctuations.