2026年8月27日 / 美国东部时间早上6:00 / 哥伦比亚广播公司新闻
华盛顿讯——根据截至2026年第二季度的财务披露文件,特朗普总统的投资账户在他指挥美国对伊战争期间,持续买入和卖出石油和天然气公司股票。
随着对伊战争持续、因停火暂停后再度爆发,美国政府道德办公室最新公布的数据显示,特朗普在此期间买卖了价值数十万美元的油气股。
特朗普拥有涵盖全部11个行业的庞大投资组合,哥伦比亚广播公司新闻的调查显示,今年前三个月,他的账户执行了约3600笔股票或证券交易,总交易金额在2.12亿美元至6.95亿美元之间。
联合经济委员会的民主党议员本周估算,特朗普持有的油气公司股票价值从今年年初的1300万至4600万美元区间,跃升至8月中旬的1700万至6100万美元。根据申报要求,申报人仅需报告交易金额区间,而非具体数额。该估算基于特朗普2025年的股票持仓,未计入此后他进行的交易。
这段时间内能源股大幅上涨,其中包括1月初美军在委内瑞拉的行动,以及2月底爆发的对伊战争。
白宫表示,特朗普并未参与自己的股票交易。油气股买卖仅占这位总统总净资产的一小部分,《福布斯》估计截至8月26日,其净资产超过60亿美元。
特朗普拒绝将个人资产放入盲信信托。与持有指数基金或其他共同基金不同,他直接持有个股,这意味着他仍在自己的影响力范围内持有明确可见的资产。
哥伦比亚广播公司新闻对特朗普石油交易的审查中发现一笔引人注目的大额交易:4月7日,也就是特朗普宣布对伊战争停火的当天,他的投资账户卖出了价值50万至100万美元的埃克森美孚股票,这是特朗普6月底提交的一份财务披露报告显示的内容。4月7日,该公司股价收于163.91美元,当晚特朗普宣布停火,次日股价低开6.5%,报153.52美元。
今年上半年,特朗普还买卖了价值数十万美元的雪佛龙、康菲石油及其他油气公司股票。
美国政府道德办公室要求政府官员在交易完成后45天内,或得知交易后的30天内,申报金额超过1000美元的股票买卖情况,因此该办公室的记录并不总是最新的。特朗普有几笔2026年的交易申报存在延迟。
白宫表示,总统的股票投资组合由独立管理人负责决策,特朗普不会干预股票或证券买卖的时机选择。
“特朗普总统的股票和债券投资组合由第三方金融机构独立管理,”白宫发言人戴维斯·英格尔说道。
英格尔补充称,总统的所有持仓“都托管在全权委托账户中,通过基于计算机的模型投资组合进行投资,自动复制认可的指数,例如嘉信1000指数”。英格尔还表示,特朗普家族中“无人能够指导、影响或就投资组合的投资方式、买卖时机提供任何意见”。
今年6月哥伦比亚广播公司新闻报道特朗普此前的交易时,部分基金经理表示,他们认为这些交易是为了降低他的税负。
马萨诸塞州剑桥市Hedgeye资产管理公司的投资组合经理戴维·塞勒姆当时表示,他认为这些交易是“典型的税务损失收割操作”,即投资经理以亏损价格卖出部分证券,以抵消其他投资的收益。他表示,这一切都可以自动化完成。
“为特朗普打理这些交易的一位或多位管理人,可能同时为数以万计的其他客户提供服务,”塞勒告诉哥伦比亚广播公司新闻,“除非拥有极为精密的计算机系统,以及精通法律和税务的专家来处理所有细节,否则你无法完成申报文件中显示的这种直接指数投资操作。”
对伊战争导致全球油价居高不下,上市石油公司利润丰厚。本月早些时候,被问及埃克森美孚和雪佛龙的利润时,特朗普表示:“他们赚得太多了。”
华盛顿道德与公民责任组织主席唐纳德·谢尔曼表示,总统不应从油价上涨中获利。
“特朗普总统在伊朗发起的这场选择之战,让美国民众付出了高昂代价,能源和汽油价格上涨,航运成本上升,”谢尔曼告诉哥伦比亚广播公司新闻,“与此同时,特朗普的经纪人为他交易油气股,在他煽动的全球动荡中为特朗普赚取了巨额利润。无论他是否亲自进行股票交易,总统都有责任避免其财务状况与美国民众的最佳利益产生利益冲突。”
法律允许总统、国会议员及其他联邦官员交易个股,尽管两党都有部分议员提议禁止这一行为。
特朗普是近代史上最富有的总统,在股票市场的活跃程度远超其近期的几位前任。乔治·W·布什在总统任期内将资产交由盲信信托管理。巴拉克·奥巴马仅投资指数基金、共同基金和美国国债,乔·拜登则未持有任何个股。
Trump’s oil and gas stock trades continued during Iran war, filings show
August 27, 2026 / 6:00 AM EDT / CBS News
Washington— President Trump’s investment accounts have continued to purchase and sell stock holdings in oil and natural gas companies while he oversees the U.S. war with Iran, according to his financial disclosure filings through the second quarter of 2026.
As the Iran war continued, paused for a ceasefire and then restarted, Mr. Trump has purchased and sold oil and gas stocks worth hundreds of thousands of dollars, according to the most recently available data from the Office of Government Ethics.
Mr. Trump has a vast portfolio with holdings in all 11 sectors, and a CBS News investigation showed that in the first three months of the year, his accounts executed about 3,600 stock or securities trades, worth a total that ranged between $212 million and $695 million.
Democrats on the Joint Economic Committee estimated this week that the president’s holdings in oil and gas companies have jumped in value from a range of $13 million to $46 million at the start of this year, to $17 million to $61 million by mid-August. Filers are only required to report ranges of transactions, not specific dollar amounts. The estimates were based on his stock holdings in 2025, and didn’t take into account the trades that he’s made since then.
Energy stocks surged during that period, which encompasses the U.S. operation in Venezuela in early January and the war with Iran, which started at the end of February.
The White House said Mr. Trump is not involved in his trades. The energy stock purchases and sales make up a small portion of the president’s overall net worth, which Forbes estimated to be over $6 billion as of Aug. 26.
Mr. Trump has declined to place his assets in a blind trust. Holding individual stocks, as opposed to index or other mutual funds, means he still holds visible assets in his spheres of influence.
One notable large transaction in CBS News’ review of the president’s oil trades was on April 7, the day the president declared a ceasefire in the war with Iran. His investment accounts sold between $500,000 and $1 million of ExxonMobil stock, according to one financial disclosure report Mr. Trump filed in late June. The company’s share price closed at $163.91 on April 7, before Mr. Trump announced the ceasefire that evening, and it opened down 6.5% at $153.52 on April 8.
During the first half of the year, the president also bought and sold hundreds of thousands of dollars’ worth of shares of Chevron, ConocoPhillips and other oil and gas companies.
OGE requires government officials to report stock purchases and sales in excess of $1,000 within 45 days of a transaction or within 30 days of learning about it, so the office’s records are not always up to date. Mr. Trump was late in filing some of his 2026 transactions.
The White House says independent managers make the decisions about the president’s stock portfolio, and Mr. Trump doesn’t weigh in on the timing of selling or buying stock or securities.
“President Trump’s stock and bond portfolio is independently managed by third-party financial institutions,” White House spokesman Davis Ingle said.
Ingle added that all of the president’s holdings “are maintained in discretionary accounts and invested through computer-based model portfolios that automatically replicate recognized indexes, such as the Schwab 1000.” And Ingle said that no one in Mr. Trump’s family “has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold.”
When CBS News reported on the president’s earlier trades in June, some fund managers said they believed the transactions were part of a strategy to lower his tax bill.
David Salem, a portfolio manager at Hedgeye Asset Management in Cambridge, Massachusetts, said at the time that he thought the trades were “classic tax-loss harvesting activity,” a practice in which investment managers sell some securities at a loss so they can offset gains in other places. That can all be automated, he said.
“The manager and managers, plural, who are doing this for Trump are probably doing it for tens of thousands of other customers,” Salem told CBS News. “You can’t do this kind of direct indexing you see in the filing unless you have pretty sophisticated computers, and legal and tax gurus to figure all this out.”
The war with Iran has led to high profits for publicly traded oil companies, as global oil prices remain elevated. Earlier this month, asked about the profits of ExxonMobil and Chevron, the president said, “They’re making too much money.”
Donald Sherman, president of Citizens for Responsibility and Ethics in Washington, or CREW, said the president shouldn’t benefit financially from higher oil prices.
“President Trump’s war of choice in Iran has cost the American people in the form of higher energy and gas prices and higher shipping costs,” Sherman told CBS News. “Meanwhile, Trump’s brokers have been trading oil and gas stocks for him, making Trump significant profits on the global instability he’s inciting. It doesn’t matter whether he’s trading the stocks himself—the president has a duty to avoid conflicts of interest between his finances and what’s best for the American people.”
Presidents, members of Congress and other federal officials are legally allowed to trade individual stocks, though some members of both parties have proposed outlawing the practice.
Mr. Trump, the wealthiest president in modern history, is much more active in the stock market than his recent predecessors were. George W. Bush held his assets in a blind trust during his presidency. Barack Obama stuck to index and mutual funds and Treasury notes, and Joe Biden didn’t own individual stocks.
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