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Barry, OppHub America Desk · · Source: yahoo-tickers-tape-movers

Trump to meet with oil executives on lowering gas prices — and Exxon isn't invited

Based on reporting from yahoo-tickers-tape-movers.

President Trump is meeting with several oil executives on Tuesday to discuss expanding refining capacity in the US, with the goal of lowering gas prices. This comes after the US entered a major oil deal (CL=F, BZ=F) with Venezuela, buying up a large portion of the country's oil production rights.

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oil gasutilitiesclean energy

$XOMExxonMobil

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Trump to meet with oil executives on lowering gas prices — and Exxon isn't invited
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President Trump is meeting with several oil executives on Tuesday to discuss expanding refining capacity in the US, with the goal of lowering gas prices. This comes after the US entered a major oil deal (CL=F, BZ=F) with Venezuela, buying up a large portion of the country's oil production rights. Yahoo Finance Washington Correspondent Ben Werschkul outlines all the key details of the meeting. Trump to meet with oil executives on lowering gas prices — and Exxon isn't invited

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Snapshot date: September 1, 2026 at 4:00 PM ET

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Story → money map

oil supply and refining

The government is meeting with oil companies to find ways to make gasoline cheaper for drivers, while leaving out the biggest player, Exxon. At the same time, a new oil deal with Venezuela means more oil could enter the market, which generally pushes prices down.

What changed

Political pressure on oil companies to expand refining capacity and lower gas prices, paired with a new Venezuelan oil supply deal.

Who wins / who loses

Independent refiners and consumers may benefit from lower crude and gas costs, while major integrated producers like Exxon could face policy headwinds.

Time horizon

Think in terms of the next few weeks.

Confidence & best fit

medium confidence · Active trader

Quick glossary: Watch = track, don’t buy yet · Build slowly = only if it fits your plan · Protect = reduce risk · ETF = a basket of stocks (often safer than one company)
Safer theme exposure (ETFs)

Baskets that own the theme without betting on one company.

  • $XLE A basket of many different oil and gas stocks so you do not have to pick just one company.

    Chart →

  • $CRAK An ETF that focuses specifically on oil refiners rather than drillers.
Single stocks (higher risk)

Primary = closest to the story · Peers = same industry · Second-order = knock-on effects · Avoid = looks related but may be a trap

Primary

  • $XOMStay away — for now

    Exxon was left off the guest list for the gas price meeting, which could mean less favor with current administration policies.

    View $XOM chart → · End-of-day delayed data

Peer

  • $VLOWatch — track, don’t rush

    Refining companies process crude oil into gasoline and might benefit if the government helps them expand operations.

    View $VLO chart → · End-of-day delayed data

Second-order

  • $OXYWatch — track, don’t rush

    As new oil deals with countries like Venezuela are made, other oil producers must adjust to changing market supply.

    View $OXY chart → · End-of-day delayed data

Options (education only)

No strikes or expiries — a framework for how traders might express the view. Options can expire worthless.

Options can be complex when news headlines change daily; beginners should sit this one out and stick to simple stock or ETF observation.

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Income / OppHub America angle

Not a trade tip — ways to use the insight outside the market.

  • Monitor local gas station price trends in your region for signs of retail pass-through.
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What would break this thesis
  • Major policy reversal or failure of the Venezuela oil deal to materialize tangible shipments.
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Not financial advice. OppHub America playbooks are educational market maps only — not recommendations to buy, sell, or hold any security. Markets move fast; information can be wrong or outdated. Trade and invest at your own risk. Do your own research or consult a licensed advisor.

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Based on reporting from yahoo-tickers-tape-movers.

Informational and educational only — not investment, financial, or legal advice. Disclosure

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