ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices
Published . Updated .
“We’re making a freaking fortune” on elevated oil prices, Trump said at a recent rally. But the high cost of gas is squeezing Americans’ budgets.
Directly affected
Indirectly affected
- USO United States Oil Fund+9.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.9% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- UNG United States Natural Gas Fund-11.9% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.
- COP ConocoPhillips+7.7% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+1.5% 30d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- BP BP p.l.c+5.1% 16d
BP p.l.c (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- LNG Cheniere Energy+18.9% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “gas” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XOM | +0.03% | -1.79% | base | +2.15% | after close | after close | after close |
| CVX | +0.78% | -1.37% | base | +1.87% | after close | after close | after close |
| USO | +0.80% | -2.73% | base | +1.65% | after close | after close | after close |
| XLE | +0.88% | -0.71% | base | +1.61% | after close | after close | after close |
| UNGNo price data for this ticker | — | — | — | — | — | — | — |
| COP | +0.55% | -1.36% | base | +1.62% | after close | after close | after close |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
| OXY | +1.84% | -0.43% | base | +0.96% | after close | after close | after close |
| BPNo price data for this ticker | — | — | — | — | — | — | — |
| LNGNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices NBC News
Source: NBC News
Energy
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | +1.62% | still updating |
| COP | three days earlier | -1.36% | final price |
| COP | five days earlier | +0.55% | final price |
| CVX | that day | +1.87% | still updating |
| CVX | three days earlier | -1.37% | final price |
| CVX | five days earlier | +0.78% | final price |
| OXY | that day | +0.96% | still updating |
| OXY | three days earlier | -0.43% | final price |
| OXY | five days earlier | +1.84% | final price |
| USO | that day | +1.65% | still updating |
| USO | three days earlier | -2.73% | final price |
| USO | five days earlier | +0.80% | final price |
| XLE | that day | +1.61% | still updating |
| XLE | three days earlier | -0.71% | final price |
| XLE | five days earlier | +0.88% | final price |
| XOM | that day | +2.15% | still updating |
| XOM | three days earlier | -1.79% | final price |
| XOM | five days earlier | +0.03% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 16 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 60 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 16 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 37 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 58 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 65 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 67 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 70 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the energy case looks
12 out of 100Price not final
“ExxonMobil and Chevron report blowout profits as Trump touts benefits of high oil prices” scores 12 out of 100. The score uses 1 sources. The price is not final yet.