NEW: EQT Corporation Profited Off Trump’s War While Americans Continue to Pay More at the Pump
tags
Washington, DC – Yesterday, EQT Corporation announced its quarterly earnings of about $1.5 billion, up more than 150% since Q4 in 2025 before Trump’s war of choice. Trump promised his Big Oil donors – including EQT corporation – that he would enact policies to bolster their bottom line as he asked for $1 billion in campaign donations. Trump’s war of choice in Iran, attacks on clean energy investments, and decimation of pollution protections have all been in service of Big Oil’s agenda, making way for record-breaking windfalls for his wealthy oil supporters. Oil and gas companies could reap a $60 billion windfall from the “Trump Oil Shock,” which generated more than $30 million in profit every hour during the first month of the war.
While Trump’s billionaire buddies capitalize on the global economic crisis, everyday Americans are left to foot the bill. Gas prices have topped $4 per gallon, with the average American household expected to pay $740 more in gas this year, completely wiping out the average tax refund. From the gas pump to utility bills, Trump’s energy policies are pinching the wallets of working families while padding the pockets of his ultra-wealthy pals.
Climate Power Communications Director Alex Glass issued the following statement: “Americans are paying more at the pump while Big Oil cashes in. Trump promised lower costs — instead, he’s putting billionaires first and leaving working families to foot the bill.”
Oil and gas companies are making billions while working families foot the bill with months of pain at the pump:
- Trump’s war in Iran has already cost Americans $24 billion more at the pump.
- Gas prices have topped $4 per gallon, with the average American household expected to pay $740 more in gas this year.
- According to a CBS News poll, 51% of Americans said gas prices are posing a financial hardship or financial difficulty.
- The world’s top oil and gas companies made more than $30 million every hour in unearned profit during the first month of Trump’s war.
- The oil and gas industry gave $75 million to elect Trump.