Chevron, Exxon, ConocoPhillips Stocks Soar: See Which Congress Members Hold Shares
Oil stocks have experienced a notable surge this week following U.S. military actions in Iran. This market rally has drawn attention to key Congress members who hold shares in major oil companies.
Stock Performance and Congressional Holdings
Several oil companies, including Chevron, Exxon Mobil, and ConocoPhillips, have recently seen their stocks reach new highs. The upward trend is attributed to increasing oil prices, influenced by escalating geopolitical tensions.
Congress Members Who Hold Chevron (CVX) Shares
- Rep. Bruce Westerman (R-Ark.)
- Purchased: $1,000 to $15,000 on March 3, 2025
- Sen. Markwayne Mullin (R-Okla.)
- Acquired: $50,000 to $100,000 on May 13, 2025
- Acquired: $15,000 to $50,000 on December 29, 2025
Congress Members Who Own Exxon Mobil (XOM) Shares
- Rep. Lisa McClain (R-Mich.)
- Purchased shares in multiple transactions between June 24, 2025, and October 30, 2025
- Sen. Angus King (D-Maine)
- Bought: $1,000 to $15,000 on July 21, 2025
- Rep. Dan Newhouse (R-Wash.)
- Acquired shares on August 18, 2025
- Sen. John Boozman (R-La.)
- Purchased: $1,000 to $15,000 on January 8, 2026
Congress Members Who Hold ConocoPhillips (COP) Shares
- Sen. Markwayne Mullin (R-Okla.)
- Sold: $15,000 to $50,000 on April 8, 2025
- Purchased: $15,000 to $50,000 on May 13, 2025
- Acquired: $15,000 to $50,000 on December 29, 2025
- Rep. Rob Bresnahan (R-Pa.)
- Sold shares on April 8, 2025, after an earlier sale in February 2025
- Acquired: $15,000 to $50,000 on May 15, 2025
- Rep. Dan Newhouse (R-Wash.)
- Purchased shares on August 18, 2025
Potential Conflicts of Interest
The ownership of oil stocks by members of Congress poses ethical questions. With military actions affecting oil prices and market stability, concerns arise about potential conflicts of interest. Congress members with ties to committees on defense and security might have access to sensitive information, which could influence their investment decisions.
As geopolitical developments in the Middle East unfold, scrutiny of public comments from these members may increase. Their financial investments in oil and defense sectors could significantly impact their political actions and public perception.
