Big Oil is raking in huge profits. Shareholders like Trump are cashing in. You’re paying for it with high gas prices.

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Big Oil minted big money as the Iran war delivered American drivers the highest gas prices on record for the third quarter.

The two biggest US oil companies posted huge jumps in profit on Friday. ExxonMobil earned $15.4 billion in the third quarter, slightly more than doubled from what it earned a year ago, while Chevron’s adjusted earnings were up 186%, to $10.4 billion. Analysts forecast both could report record profits for the full year.

Global oil prices are spiking as the US-Iran war drags on, leading to blockbuster profits for oil companies and higher gas prices for US drivers. The national average for gasoline during the third quarter was $4.12 a gallon, according to AAA, up 96 cents from a year ago and the highest on record for the quarter.

High gas prices are a headache for the Trump administration as the midterm election approaches. Many voters are angry about what they pay at the pump. Farmers are also struggling to afford diesel fuel to run their equipment during harvest, and some homeowners are paying record heating oil costs.

US households have now paid $1,184 more on average since the start of the war, thanks to more expensive gasoline, diesel and jet fuel, according to Moody’s Analytics.

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Gas under Trump 2.0 is now more expensive than it was under Biden

But last week, President Donald Trump said high profits for the oil industry was a good thing for Americans.

“Our country is making hundreds of billions of dollars because of what’s happened in the Middle East, because they’re coming to Texas and they’re coming to Oklahoma and they’re coming to Louisiana and they’re taking that oil,” he said at a campaign event in Georgia on Saturday. “We’re making a freaking fortune.”

The White House defended the comments to CNN.

“The President is pointing to the United States’ position as the world’s top producer and exporter of oil,” a White House official told CNN. “By unleashing American energy dominance, he has strengthened our national security and made our country wealthier.”

It’s not just American oil companies cashing in on high oil prices. London-based Shell Oil Thursday reported profit of $12 billion in the third quarter, up 127% from a year earlier.

One group that is definitely getting wealthier is those invested in oil companies, including Trump himself.

ExxonMobil and Chevron shares have both risen 52% so far this year through Thursday’s close, and both rose about more than 1% in premarket trading Friday on the earnings reports.

Democrats on Congress’ Joint Economic Committee last weekend found that, based upon Trump’s financial disclosure documents, his ownership in these companies grew by as much as $35.8 million in the first half of this year, which brings his net oil and gas holdings to as much as $81.6 million. The Democrats also found that 94% of Trump’s 2026 oil and gas purchases occurred after the start of the war.

The White House said there was nothing improper about the returns that Trump made on oil stocks this year, and said the gains reflected the positive stock market performance under his administration that has delivered “real gains for American companies and hardworking families.”

“Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold,” said White House spokesman Davis Ingle. “All investment decisions are made entirely by independent managers. There are no conflicts of interest.”

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由于伊朗战争导致美国司机第三季度汽油价格创历史新高，石油巨头们从中赚取了巨额利润。

美国两大石油公司周五公布的财报显示，利润大幅增长。埃克森美孚第三季度盈利154亿美元，较去年同期增长略超过一倍；雪佛龙调整后盈利增长186%，达到104亿美元。分析师预测，两家公司全年利润均有望创下历史新高。

随着美伊战争持续，全球油价飙升，石油公司利润暴涨，美国司机也面临更高的汽油价格。据美国汽车协会（AAA）的数据显示，第三季度全美汽油平均价格为每加仑4.12美元，比去年同期上涨96美分，创下该季度历史最高纪录。

随着中期选举临近，高油价令特朗普政府头疼不已。许多选民对油价感到不满。农民们也难以负担收割季所需的柴油，一些家庭用户甚至要支付创纪录的取暖油费用。

穆迪分析公司的数据显示，由于汽油、柴油和航空燃油价格上涨，自战争开始以来，美国家庭平均支出增加了 1184 美元。

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特朗普2.0执政期间的汽油价格比拜登执政时期更高。

但上周，唐纳德·特朗普总统表示，石油行业的高利润对美国人来说是一件好事。

“由于中东发生的事情，我们国家正在赚取数千亿美元，因为他们来到德克萨斯州，来到俄克拉荷马州，来到路易斯安那州，掠夺那里的石油，”他周六在佐治亚州的一次竞选活动上说。“我们赚得盆满钵满。”

白宫就此向CNN进行了辩护。

一位白宫官员告诉CNN：“总统强调了美国作为世界最大石油生产国和出口国的地位。通过发挥美国能源主导地位，他加强了国家安全，也使国家更加富裕。”

并非只有美国石油公司从高油价中获利。总部位于伦敦的壳牌石油公司周四公布，第三季度利润达120亿美元，较上年同期增长127%。

毫无疑问，石油公司的投资者，包括特朗普本人，正在变得越来越富有。

截至周四收盘，埃克森美孚和雪佛龙的股价今年迄今均上涨了 52%，周五盘前交易中，受财报影响，两家公司的股价均上涨了 1% 以上。

上周末，国会联合经济委员会的民主党议员根据特朗普的财务披露文件发现，他今年上半年在这些公司的持股价值增加了​​高达3580万美元，使其石油和天然气净持股价值达到8160万美元。民主党议员还发现，特朗普2026年石油和天然气采购计划中，94%的采购发生在战争爆发之后。

白宫表示，特朗普今年在石油股票上的收益没有任何不正当之处，并表示这些收益反映了他执政期间股市的积极表现，为“美国公司和辛勤工作的家庭带来了真正的收益”。

白宫发言人戴维斯·英格尔表示：“特朗普总统及其任何家庭成员均无权指导、影响或干预投资组合的投资方式或买卖时机。所有投资决策均由独立经理人完全做出，不存在任何利益冲突。”