Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump
Published . Updated .
Shell doubled profits to $10.8B as the Iran war sent US gas to $4.22 a gallon. While households pay more and lives are lost, oil giants—and Trump, whose oil holdings surged—cash in.
Directly affected
- SHEL Shell+0.1% 13d
Named in this report.
Indirectly affected
- USO United States Oil Fund+7.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.2% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- UNG United States Natural Gas Fund-7.8% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “gas” (natural gas) in this story.
- BWET Breakwave Tanker Shipping ETF+40.2% 19d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- XOM ExxonMobil Holdings+10.3% 14d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+8.4% 30d
Chevron (petroleum refining): 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.
- COP ConocoPhillips+8.0% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -2.52% | -0.26% | base | -0.06% | after close | after close | after close |
| XLE | -1.29% | +1.72% | base | -0.28% | after close | after close | after close |
| UNGNo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.14% | +1.35% | base | +0.12% | after close | after close | after close |
| CVX | -1.18% | +1.19% | base | +0.43% | after close | after close | after close |
| OXY | -0.60% | +1.91% | base | -0.46% | after close | after close | after close |
| COP | -2.27% | +1.58% | base | +0.13% | after close | after close | after close |
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.
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Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump Common Dreams
Source: Common Dreams
How far United States Oil Fund (USO) has moved since 29 Oct 2026
| Company | When | Move | Status |
|---|---|---|---|
| Conocophillips (COP) | that day | +0.13% | still updating |
| Conocophillips (COP) | three days earlier | +1.58% | final price |
| Conocophillips (COP) | five days earlier | -2.27% | final price |
| Chevron (CVX) | that day | +0.43% | still updating |
| Chevron (CVX) | three days earlier | +1.19% | final price |
| Chevron (CVX) | five days earlier | -1.18% | final price |
| OXY | that day | -0.46% | still updating |
| OXY | three days earlier | +1.91% | final price |
| OXY | five days earlier | -0.60% | final price |
| United States Oil Fund (USO) | that day | -0.06% | still updating |
| United States Oil Fund (USO) | three days earlier | -0.26% | final price |
| United States Oil Fund (USO) | five days earlier | -2.52% | final price |
| Select Sector Spdr Tr (XLE) | that day | -0.28% | still updating |
| Select Sector Spdr Tr (XLE) | three days earlier | +1.72% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -1.29% | final price |
| ExxonMobil Holdings (XOM) | that day | +0.12% | still updating |
| ExxonMobil Holdings (XOM) | three days earlier | +1.35% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.14% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 59 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 36 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 57 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 64 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 69 days before publication. Filed 8 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 64 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 66 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 69 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).
Companies in energy around United States Oil Fund (USO)
Companies carried with this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- XOM ExxonMobil Holdings
For “Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
For “Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump,” Chevron (CVX) is linked, with no stored direction, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- COP Conocophillips
For “Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump,” Conocophillips (COP) is linked, with no stored direction, medium confidence. Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- SHEL Shell
For “Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
How energy news reaches United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump,” the 29 Oct 2026 Energy story.
United States Oil Fund (USO) is on the page because United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Price levels for United States Oil Fund (USO)
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.69. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.46. XOM traded between 165.22 and 184.89 across 13 sessions. The latest close on file is 182.08.
What the saved facts support for United States Oil Fund (USO)
46 out of 100Price not final
“Oil Giants Post Record Profits as Trump Brags 'We're Making a Freaking Fortune'—And Americans Suffer at Pump” scores 46 out of 100. The score uses 1 sources, and 6 linked companies. The price is not final yet.