Trump's Brokerage Bought Up to $3.6M in Exxon, Chevron Stock During Iran Conflict
XOM sits 47% above its 52-week low of $108.35.
Summary
Filings with the Office of Government Ethics show President Trump's brokerage accounts bought up to $3.6 million in oil stocks during Q1 2026, focusing on ExxonMobil and Chevron, with trading continuing through June. His energy holdings appreciated 39% since end-2025, adding as much as $15.5 million to his net worth. This follows his August 3 public criticism of both companies for 'making too much money' during the Iran conflict, while Exxon posted $14.5B and Chevron $12B in Q2 profits. The Senate Joint Economic Committee values his energy holdings between $12.5M and $45.6M. The disclosure raises conflict-of-interest questions but does not change either company's fundamentals; both remain beneficiaries of elevated crude prices from the Iran war.
At the time of this announcement, XOM was trading at $159.75 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $660.5B. The 52-week trading range was $108.35 to $176.41. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Crypto Briefing.