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A CNBC analysis found Trump's 9 largest energy positions rose between $1.5M and $4.4M in the first six months of fighting
US President Donald Trump speaks in the Oval Office of the White House in Washington, DC on July 14, 2025. (Andrew Caballero-Reynolds/AFP via Getty Images)
President Donald Trump's nine largest oil and gas holdings gained between $1.5 million and $4.4 million in the first six months of the Iran war, according to a CNBC analysis of his annual financial disclosure, quarterly corporate reports, and FactSet market data.
To calculate those gains, CNBC used share-price movements starting at the Feb. 27 close — the day before hostilities began — and ending at the Aug. 31 close. The nine holdings are Chevron $CVX, ConocoPhillips $COP, Exxon Mobil, Kinder Morgan $KMI, Marathon $MPC Petroleum, Occidental $OXY Petroleum, Phillips 66 $PSX, Valero $VLO Energy, and the Williams Companies $WMB.
