Trump is desperate to bring gas prices down. The solution might be in India.
Published . Updated .
In a trip to India this week, Secretary of State Marco Rubio toured an oil-refining complex that he hopes can process more crude from Venezuela amid a global energy crisis.
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil+7.9%
Oil producers earn more when crude prices rise
- CVX Chevron+6.6%
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum+1.5%
Oil producers earn more when crude prices rise
- COP ConocoPhillips+7.3%
Oil producers earn more when crude prices rise
- VLO Valero+14.1%
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum+10.2%
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration+2.9%
A fund of oil and gas producers
- XLE Energy Select Sector SPDR+4.9%
A fund of energy companies
- USO United States Oil Fund+0.9%
This fund moves with oil prices
- OIH VanEck Oil Services-2.0%
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
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Trump is desperate to bring gas prices down. The solution might be in India. NBC News
Source: NBC News
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 52 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 83 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 29 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 50 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold Chevron (CVX), worth $15,001 - $50,000 on 31 Jul 2026. That is 83 days before publication. Filed 22 Sep 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 57 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 59 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 14 Aug 2026. That is 69 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 22 Sep 2026. That is 30 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. David J. Taylor sold Marathon Petroleum (MPC), worth $1,001 - $15,000 on 24 Jul 2026. That is 90 days before publication. Filed 6 Aug 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).
This story
12 out of 100
“Trump is desperate to bring gas prices down. The solution might be in India.” scores 12 out of 100. The score uses 1 sources.