Trump's oil and gas stocks gained millions during Iran war

President Trump's oil and gas stocks have increased in value by an average of 43% since the end of 2025, according to a new report by Democrats on the Congressional Joint Economic Committee. The report found that the president purchased between $4.

7 million and $17. 5 million in oil and gas stocks between March and the end of August, while also selling between $2 million and $5.

4 million in the same timeframe. The report was obtained exclusively by CBS News and is based on the president's financial filings with the Office of Government Ethics.

Filers are only required to report transaction ranges, not specific amounts. The president's personal holdings in oil and gas are now worth between $22.

5 million and $81. 6 million, compared with $12.

6 million to $46 million at the end of 2025. Energy stocks have surged as the Iran war pushed oil and gasoline prices to their highest levels in years, driving profits for oil companies.

The share prices of energy companies that are listed on the S&P 500 jumped more than 50% since the start of the year, easily outpacing the broader S&P 500's roughly 11% jump. The president's stock portfolio includes holdings in all sectors of the economy, with Chevron and ExxonMobil representing the most significant portion.

He owns up to $23. 1 million in Chevron stock and up to $18.

4 million in ExxonMobil, which saw their stock prices grow nearly 25% and nearly 22% in value, respectively, since February 20. Democrats on the committee estimated American families have spent an average of $856 more on gas since the war began.

The president has made some efforts to bring down fuel prices, including by making a deal with Russia to purchase Russian diesel fuel and waiving sanctions he had just signed into law. The president has said gas prices will "drop through the floor" once the war is over, but even if that's the case, it's not clear when the war will end.

The president has not ruled out restarting strikes on Iran after the midterms.