The United States oil and gas business is making hundreds of billions of dollars.

Posted by Breaking Points with Krystal and Saagar, Oct 27, 2026Checked Nov 2, 2026

Polygraph verdictTrue

Sources: 5 support1 context
Said: 1 time·
Confidence: 75%

Breaking Points with Krystal and SaagarOct 27, 2026

Sources from before and around 2026-10-27 show U.S. oil and gas companies earning profits in the hundreds of billions: the NYT, as reported by Yahoo, puts the 50 largest companies' profit at about $130 billion for April–September 2026, and OGJ reports $80.5 billion net income for the first half from 38 producers and refiners.

The host relays this claim without endorsing it. It counts as passed on, not against the post.

This claim is about the present, so it is judged as of the day it was checked.

What was said

… I think we know one of them is Russ Vote because he's talked about this before, but in any case, let's take a listen to E to B Trump on his two monsters. The United States oil and gas business is making hundreds of billions of dollars, so I said, I wonder if I should say this. I'd like a little advice from my two people, my two big monsters that are gonna do so well. They're gonna be the biggest stars in the country in a week, so I don't know if I should say this, or, you know, my two big monsters that are going to be making …

Breaking Points with Krystal and Saagar · Oct 27, 2026· from the transcriptPost →

What we found

Supports. The NYT, as reported by Yahoo, says the country's 50 largest oil and gas companies made about $130 billion in profit from April to September 2026, during the Iran war.[3]

Supports. AP and NBC report record-scale profit gains for ExxonMobil and Chevron, with Exxon's second-quarter profit doubling to $14.53 billion and Chevron's more than tripling.[1][2]

Supports. OGJ reports net income of $62.2 billion for Q2 2026 and $80.5 billion for the first half across 38 U.S. producers and refiners, with revenues of $439.1 billion in Q2 alone.[4]

Supports. Simply Wall St shows total U.S. oil and gas industry earnings of about $193.8 billion and revenue of about $2.06 trillion, consistent with profits in the hundreds of billions.[5]

Context. The claim is Trump's rally statement from October 24, 2026, and the extraction is faithful to the passage. The sources measure profits and revenues over periods rather than the exact phrase, so the figure is inferred from aggregate data.[2][6]