XOM - Trump Reportedly Seeks $1B In Campaign Funds From Exxon Mobil Chevron Other Big Oil Execs: Expert Calls It 'Shocking' But Perfectly Legal | Benzinga
Former President Donald Trump has reportedly asked oil industry executives to contribute $1 billion to his campaign for the White House. This request, while controversial, is likely legal, according to industry experts.
What Happened: Trump made this request during a meeting with industry executives at his Palm Beach, Florida home last month, Politico reported, citing three people familiar with the conversation.
The executives present represented companies like Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), ConocoPhillips (NYSE:COP), Continental Resources, EQT (NYSE:EQT), and Cheniere Energy (NYSE:LNG), as well as the American Petroleum Institute, as per the report.
Trump’s request is seen as a reflection of the issues with the current campaign finance laws, according to Erin Chlopak, senior campaign finance director at the watchdog group Campaign Legal Center.
Although the request is seen as “shocking,” it ...