{
  "id": 3761107,
  "title": "Trump Complained About Big Oil Profits, But Dumped Exxon Stock on Ceasefire Day",
  "url": "https://urgent.news/2026/08/27/trump-complained-about-big-oil-profits-but-dumped-exxon-stock-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T14:50:00.000Z",
  "source": {
    "name": "OilPrice",
    "slug": "oilprice",
    "url": "https://oilprice.com/Latest-Energy-News/World-News/Trump-Complained-About-Big-Oil-Profits-But-Dumped-Exxon-Stock-on-Ceasefire-Day.html"
  },
  "original_language": "en",
  "account": "President Donald Trump divested between $500,000 and $1 million in ExxonMobil shares on April 7, the same day he declared a ceasefire in the Iran conflict and hours before the company's stock price plummeted 6.5%, according to financial records obtained by CBS News. Exxon's share price fell from $163.91 on April 7 to $153.52 the following morning. The investment transactions were among hundreds of thousands of dollars in trades involving Exxon, Chevron, ConocoPhillips and other energy firms throughout the first half of 2026, as reported by CBS News. The oil price surge and reduced oil supplies stemming from the Iran war led to record profits for U.S. oil companies, with ExxonMobil earning $14.5 billion in net income and Chevron raking in $12.2 billion in the second quarter. Trump criticized the companies for amassing \"too much money\" and called for them to lower fuel prices. During the first quarter of 2026 alone, Trump's investment accounts made roughly 3,600 stock and securities trades valued between $212 million and $695 million, according to CBS News. Democrats on the Joint Economic Committee estimate Trump's energy holdings grew from $13 million to $17 million by mid-August 2026, though this figure does not include trades from 2026. The White House maintains that Trump does not direct the trades, which are managed by third-party financial institutions using computer algorithms. Trump has not placed his assets in a blind trust, and federal law does not restrict presidents from trading individual stocks. Forbes estimates Trump's total wealth at over $6 billion.",
  "summary": "President Donald Trump’s investment accounts sold between $500,000 and $1 million of ExxonMobil stock on April 7, the same day Trump announced a ceasefire in the Iran war and hours before Exxon shares opened 6.5% lower, according to financial disclosures reviewed by CBS News. Exxon closed at $163.91 on April 7 before Trump announced the ceasefire that evening and opened at $153.52 the following…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}