2 stocks to watch as Trump declares ‘drill, baby, drill' return; Should you buy?
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President Donald Trump declared a 'national energy emergency' on his first day in office, emphasizing a return to increased drilling to lower energy prices. This announcement could impact energy companies, particularly those involved in oil and gas exploration and production.
January 21, 2025 | 3:00 pm
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POSITIVE IMPACT
Chevron (CVX) may benefit from President Trump's declaration of a 'national energy emergency' and a push for increased drilling, potentially boosting its oil and gas production activities.
Chevron is a major player in the oil and gas industry, and Trump's focus on increased drilling aligns with Chevron's core business. This policy could lead to increased production opportunities and potentially higher revenues for Chevron.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80