GeneralBearishBlockonomi · 3h ago6/10
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Trump Orders DOJ Investigation Into Exxon (XOM) and Chevron (CVX) Over Gas Pump Pricing
President Trump has ordered the Department of Justice to investigate Exxon and Chevron over gas pump pricing disparities, citing that gasoline prices have fallen only 14% while crude oil declined 36%. Both companies' stock prices fell on the announcement, reflecting market concern about potential regulatory action and antitrust scrutiny.