Energy Companies Stock Price

Many energy companies could get bought out or go bankrupt in coming months but these blue chips are well positioned to weather the storm.

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. While hundreds of energy companies went bankrupt survivors got some relief in 2018 and again this year when prices topped 60. The company slashed its dividend by 66 in 2016 in response to the energy price crash in 2014 15. 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. That became abundantly clear at the start of the covid 19 pandemic of 2020. Spencer cutter bloomberg intelligence 35 technology. Energy stocks knocked down by tumbling crude oil natural gas prices 2 20 p m.

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