Trump Has Millions in Energy Stocks as Big Oil Rakes in Massive Profits

Washington, DC – Last week, Donald Trump’s 2025 financial disclosures revealed the true scale of his corruption at the expense of the American people, showing that he owned millions of dollars worth of stocks in Big Oil companies like Exxon and Diamondback Energy. Americans have spent $66.2 billion more at the pump thanks to Trump’s war of choice, but profits for oil and gas companies, including companies that Trump owns stock in, were up 21% in Q1. Trump celebrated skyrocketing gas prices, saying, “when oil prices go up, we make a lot of money.” In a surprise to literally no one, it turns out he was talking about himself, not the American people. 

On the campaign trail in 2024, Donald Trump gathered his ultra-wealthy Big Oil donors at Mar-a-Lago and offered them a deal: If they donated a billion dollars to his campaign, he’d make it worth their while. In office, it seems Trump is seeing that promise through. He has boosted Big Oil and blocked cheaper homegrown energy. And with these 2025 financial disclosures, it appears he’s also making himself even richer in the process. 

Climate Power Senior Advisor Jesse Lee issued the following statement: “Trump just couldn’t resist taking his cut of the sky high prices we’ve all been paying at the pump. Now, after all his America first promises of no more wars, he’s demanding taxpayers put up another $350 billion for his ‘excursions.’ For Trump, it’s his own interests first, American families last.”

Oil and gas companies are making billions while working families foot the bill with higher prices on everything from gasoline to groceries: 

• 27 companies raked in more than $40 billion in profit in Q1. Liberty Energy, a company founded and formerly run by Energy Secretary Chris Wright, earned $10 million in Q1, up 32% from Q4 of 2025 before Trump’s war of choice. Diamondback Energy quarterly profits were $1.2 billion, up 140% since before the war. Trump owns stock in both Diamondback and Liberty Energy. 
• Trump has as much as $12 million in Exxon Mobil stock and as much as $6 million in Chevron stock. Before Trump’s military action in Venezuela, Trump bought and sold hundreds of thousands of dollars of Chevron stock, the main U.S. oil company operating in the country. 
• 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 spent $450 million to influence Trump and congressional Republicans, including more than $75 million to elect Trump.
• Donald Trump and congressional Republicans started this energy crisis with their attacks on clean energy projects, and accelerated it with their war of choice in Iran. Trump and Republicans in Congress canceled enough projects to power the equivalent of 17 million homes.