Energy Companies Stock Price

The early 2020 oil price war and the covid 19 pandemic drove oil prices to record lows in april and sharply pushed down energy stocks as represented by the energy select sector spdr etf the. That became abundantly clear at the start of the covid 19 pandemic of 2020. While hundreds of energy companies went bankrupt survivors got some relief in 2018 and again this year when prices topped 60.

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The 52 week high low is the highest and lowest price.

Energy companies stock price.

The oil behemoth acquired noble energy another oil producer for a 5 billion all stock deal in july. 21 2020 ge stock tumbles after plan to exit the new build coal power market 12 58 p m. Energy prices can change in a heartbeat which can have a massive impact on the sector as well as the global economy. Energy stocks knocked down by tumbling crude oil natural gas prices 2 20 p m.

Many energy companies could get bought out or go bankrupt in coming months but these blue chips are well positioned to weather the storm. Chevron faced a rough second quarter with an adjusted loss of 3 billion on revenue of 13 5. Spencer cutter bloomberg intelligence 35 technology. The company slashed its dividend by 66 in 2016 in response to the energy price crash in 2014 15.

However the payout has been back on the rise since 2017 including a 38 improvement in october.

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