Liberty Oilfield Providers CEO Chris Wright on January 17, 2018.
Andy Cross | Denver Put up | Getty Pictures
Shares of Energy of freedom rose on Monday after President-elect Donald Trump’s election CEO Chris Wright as Energy Secretary.
Liberty Power is a Denver, Colorado-based petroleum companies firm with a market capitalization of $2.7 billion.
The inventory was up greater than 4% by 12:24 a.m. ET.
Wright will step down as Liberty’s CEO and chairman following his affirmation as power secretary, in accordance with company statement Monday Liberty plans to call Ron Gusek to succeed Wright as CEO and William Kimball as chairman.
Wright additionally serves as a board member of the gooda nuclear startup backed by OpenAI CEO Sam Altman that develops microreactors. Oklo shares rose greater than 20% on Monday.
Wright can even function a board member of the President-elect’s Nationwide Power Council. The CEO has denied that local weather change is a world disaster that requires a transition away from fossil fuels.
Liberty Power, 1 day
Trump desires to extend U.S. fossil gas manufacturing, though analysts and business leaders comparable to Exxon CEO Darren Woods have stated U.S. oil and pure fuel manufacturing won’t change in response to the election.
The US has been the world’s largest producer of crude oil since 2018, overtaking Russia and Saudi Arabia.
