澳洲幸运5官方开奖结果体彩网

Liberty Energy Stock Rises After Trump Taps CEO To Lead Energy Department

A person is holding a smartphone with the logo of US oilfield services company Liberty Energy Inc. in front of website

Timon Schneღider / SOPA Images / Lig🌞htRocket via Getty Images

Key Takeaways

  • President-elect Trump tapped Liberty Energy CEO Chris Wright as secretary of energy for his second term.
  • Wright also sits on the board of Oklo, a nuclear energy company backed by OpenAI CEO Sam Altman.
  • Shares of both companies rose Monday following Trump's announcement.

Shares of Liberty Energy (LBRT) rose Monday after 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Chris Wright was tapped by President-elect Donald Trump to be energy secretary.

Liberty Energy is an oilfield services and fracking company founded by Wright with a market capitalization of nearly 🌱$3 billion. Its stock gained more than 3% an hour after after the opening bell Monday. 

Wright also sits on the board of Oklo (OKLO), a nuclear energy company backed by OpenAI CEO Sam Altman. Oklo stock soared 12🍰% and is✃ up about 90% in 2024. 

Wright has advocated for the oil and gas industry, saying in a video posted to LinkedIn last year that "there is no climate crisis, and we're not in the midst of an energy transition, either."

Trump said his new secretary of energy, pending Senate confirmation, will also serve on the newly created Council of National Energy alongside North Dakota Gov. Doug Burgum, whom Trump appointed as secretary of the interior.

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