Trump’s oil stock trades continue amid Iran conflict as filings reveal millions in energy holdings

President Donald Trump has been publicly scolding major oil companies for raking in excessive profits during the US-Iran conflict. He also owns millions of dollars worth of their stock, and his brokerage accounts have been busy buying more. Transaction reports filed with the Office of Government Ethics show that Trump’s accounts executed thousands of trades in energy stocks during the first quarter of 2026, with a particular focus on Chevron and ExxonMobil. The purchases totaled up to $3.6 million in oil stocks during Q1 alone, with trading activity continuing through June. Criticizing companies he profits from On August 3, Trump took aim at ExxonMobil and Chevron, accusing the companies of “making too much money” during the Iran conflict that began in late February. ExxonMobil posted $14.5 billion in Q2 2026 profits. Chevron came in at $12 billion. Both figures were significantly higher than the same period a year earlier, driven by crude price surges tied to geopolitical instability in the Middle East. Trump’s own oil and gas holdings had appreciated by an average of 39% since the end of 2025, reportedly adding as much as $15.5 million to his net worth. By mid-August, the Senate ...