President Donald Trump's investment accounts sold between $500,000 and $1 million of ExxonMobil stock on April 7. This occurred on the same day Trump announced a ceasefire in the Iran war. Hours after the announcement, Exxon shares opened significantly lower. The sale was part of numerous trades involving major oil companies during the first half of 2026. These trades coincided with a period of soaring oil prices and strong earnings for U.S. oil majors. ExxonMobil and Chevron collectively earned billions in the second quarter due to the war and disrupted oil flows. Despite these profits, Trump later criticized the companies for making "too much money." His investment accounts executed thousands of trades worth hundreds of millions in the first quarter alone. Democrats estimate his oil and gas holdings saw substantial value increases. The White House maintains that Trump does not direct these trades, with third-party institutions managing his portfolio independently. Federal law does not prohibit presidents from owning or trading individual stocks.