Sen. Mark Kelly (D-Ariz.) has a message for President Donald Trump: while you're paying more at the pump, the president is getting richer off his oil and gas stocks. Kelly made the accusation in a post on X on Monday, contrasting Trump's financial gains with the growing burden of fuel costs on American households.
"While you're paying more at the pump, Trump is getting richer off his oil and gas stocks," Kelly wrote. He added, "He always finds a way to profit while making life harder for working families."
The numbers behind the claim come from an unreleased report by Democratic lawmakers on the Congressional Joint Economic Committee, which CBS News reported on last month. According to that report, Trump's oil and gas stock holdings were worth between $22.5 million and $81.6 million, marking an average increase of 43% since the end of 2025.
His largest reported positions included ExxonMobil Holdings Corp. (XOM) and Chevron Corp. (CVX). The report also said Trump had purchased up to $17.5 million in oil and gas stocks between March and August 2026 while selling as much as $5.4 million during the same period.
Kelly isn't the only Democrat raising the issue. Sen. Elizabeth Warren (D-Mass.) criticized Trump in August, claiming his oil investments had gained more than $15 million since the Iran war began.
And last weekend, Gov. Gavin Newsom (D-Calif.) and Sen. Bernie Sanders (I-Vt.) piled on, accusing Trump of benefiting Big Oil as companies like ExxonMobil, Chevron and Shell reported surging profits amid the Iran war.
Newsom's press office said ExxonMobil's adjusted earnings had climbed 130% to $17.5 billion, while Chevron's quarterly profits had jumped 185% to $10.4 billion. Sanders said gas prices had risen 39% since Trump started the Iran war, while ExxonMobil's profits had increased 130%, Chevron's had climbed 185% and Shell's had nearly doubled.
Sanders accused Big Oil of exploiting working families and criticized Trump's response to windfall profits, quoting the president as saying, "I don't give a damn."
So there you have it: a president with tens of millions of dollars in oil and gas holdings, a war that has sent gas prices up 39%, and oil majors posting profit jumps of 130% and 185%. Kelly's point is that the math looks awfully convenient for the guy who owns the stocks. Whether voters agree is a question for the ballot box, but the receipts are certainly piling up.













