According to a report from Democrats on Congress' Joint Economic Committee, President Trump's investments in oil and gas stocks have surged, with an estimated average increase of 39% through mid-August 2026.
His reported holdings, valued between $12.5 million and $45.6 million, include significant stakes in major companies like Exxon Mobil and Chevron, as well as Valero Energy and Marathon Petroleum, which have seen their stock prices more than double this year.
The report suggests that Trump's financial gains are linked to the rising oil prices resulting from the war with Iran, with major oil producers earning approximately $125.2 billion in profits in the first half of 2026.
Additionally, the committee noted that Trump may have purchased up to $3.6 million in new oil and gas stocks in early 2026, including Chevron shares following U.S. actions in Venezuela. The findings have intensified scrutiny of Trump's investment portfolio, which reportedly includes over 21,000 securities transactions and assets totaling at least $858 million.
As Democrats prepare for potential investigations into Trump's trading activities if they gain control of Congress, the implications of his financial dealings amidst geopolitical tensions could become a focal point in the upcoming midterm elections