Sen. Elizabeth Warren (D-CA) took a sharp jab at President Donald Trump on Tuesday, accusing him of cashing in on the war with Iran through his investments in oil companies.
Elizabeth Warren Slams Trump for 'Holding Millions' in Oil and Gas Stocks as Iran War Sends XOM, COP, OXY Higher
MarketDash
Elizabeth Warren criticized President Trump for investing in oil companies and profiting off the war in Iran.
Get Exxon Mobil Alerts
Weekly insights + SMS alerts
Trump's Oil Stock Windfall
In a post on X, Warren claimed that Trump's oil-and-gas holdings have gained as much as $15.5 million in market value. "Donald Trump held millions in oil and gas company stocks at the end of 2025," Warren said, adding that "those stocks are worth as much as $15.5 million more" now.
"What happened? He started a war with Iran this year — and sent oil and gas stocks soaring," Warren wrote, linking to a Senate Joint Economic Committee – Democrats analysis. That report said Trump held "as much as $45.6 million in oil and gas stocks" at the end of 2025, which were "now worth up to $61.1 million."
The committee's analysis showed that Trump's holdings in companies like Chevron Corp (CVX), ExxonMobil Holdings Corp (XOM), ConocoPhillips (COP), Occidental Petroleum Corp (OXY) and others "went up by an average of 39 percent from January 2nd through August 17th."
Breaking Down Trump's Portfolio
Let's dig into the numbers. The analysis revealed Trump reported holding between $3,180,009 and $12,450,000 in ExxonMobil. That stock has grown 32% since January 2, pushing his estimated holdings to between $4,186,256 and $16,389,539.
Chevron was another big one. Trump held $2,595,010 to $11,350,000 in the company, and with the stock up 30% since the start of the year, his stake has surged to between $3,374,012 and $14,757,184.
Occidental Petroleum also played a role. Trump's holdings ranged from $1,017,004 to $5,083,000, and with the stock up 39% year-to-date, those are now worth between $1,416,798 and $7,081,178.
ConocoPhillips was smaller but still significant. Trump held $647,008 to $1,430,000 in the company at the end of 2025. With the stock up 32%, his stake is now between $853,489 and $1,886,358.
The Iran War Factor
This all comes against the backdrop of the ongoing conflict with Iran. Trump, after announcing economic restrictions on Iran, claimed that the Strait of Hormuz had been cleared of mines and was open for business.
But Gov. Gavin Newsom (D-CA) isn't buying it. He questioned Trump's claims, pointing to a Truth Social post from last week where the President said the mines had been cleared.
Meanwhile, Iran has doubled down, saying that any country participating in the U.S.-led economic measures would be considered committing an act of war. Tehran has also vowed that no oil will pass through the Strait. However, recent reports suggest Iran is in talks with Oman about a temporary corridor to allow vessels to move through.
So, there you have it. A political firestorm, a war, and a president whose portfolio is riding the wave. Whether you see it as a conflict of interest or just smart investing, one thing's for sure: oil stocks are having a moment, and Trump is along for the ride.
More News
Major Buy Alert Issued for August 31st
Ticker Revealed: Pre-IPO Access to "Next Elon Musk" Company
Here’s the stock symbol I’ve promised
Tomorrow, Wall Street goes home for two days
Over 1,400 Institutions Currently Collecting "SpaceX Royalty Payouts"
The Free Guide Every New Options Trader Needs
This tiny piece of glass could be bigger than GPUs
Something strange is happening in Fremont, California…
Get Exxon Mobil Alerts
Real-time alerts on price moves, news, and trading opportunities.
Join 20,000+ investors. No spam, ever.
Featured Articles
View all news
Stock Market Today: Dow Futures Edge Up, S&P 500 Slips as Nvidia Earnings and Fed's Key Inflation Gauge Loom—Zoom, Intuit, Datavault AI in the Spotlight
By MarketDash
August 26, 2026
Your $19.97 Book Is Free Today (Ad)
By Profits Run
Iran and Oman Talk Strait of Hormuz Reopening as Trump Declares Mines Cleared: Oil Prices Slide
By MarketDash
August 26, 2026
iPhone Buyers Rush in Before Potential Apple Price Increases
By MarketDash
August 26, 2026
Taiwan Semiconductor Stock Climbs as Xiaomi Deal Expands; Technicals and Analyst Views in Focus
By MarketDash
August 26, 2026
SpaceX is NOT the #1 IPO of 2026 (Ad)
By The Oxford Club
Peter Schiff: Carney's Retaliatory Tariffs Are 'Bad Economics for Canada' as Trade War Heats Up
By MarketDash
August 26, 2026
Trump Memecoin Rally Stalls as Coin Drops 11%
By MarketDash
August 26, 2026