Energy stocks ignite at Trump declares ‘drill baby drill'
Portfolio Pulse from
Energy stocks surged as former President Trump declared 'drill baby drill', leading to premarket gains for Halliburton, Schlumberger, Uranium Energy, Exxon, and Chevron.
January 21, 2025 | 2:00 pm
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POSITIVE IMPACT
Chevron's stock increased in premarket trading following Trump's drilling advocacy.
Chevron, being a leading oil company, is likely to benefit from policies favoring increased drilling.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Halliburton's stock rose in premarket trading following Trump's pro-drilling stance.
Trump's pro-drilling stance is likely to benefit oilfield services companies like Halliburton, leading to increased investor interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Schlumberger's stock increased in premarket trading due to Trump's drilling announcement.
As a major player in oilfield services, Schlumberger is poised to benefit from increased drilling activities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Uranium Energy saw a rise in premarket trading following Trump's energy policy remarks.
Trump's energy policy remarks could lead to increased interest in uranium and related stocks.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Exxon Mobil's stock rose in premarket trading after Trump's pro-drilling comments.
Exxon, as a major oil company, stands to benefit from increased drilling activities encouraged by Trump's comments.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90