Liberty Energy (US:LBRT) Investopediaยท2024-11-18 16:16Group 1 - President-elect Trump appointed Liberty Energy CEO Chris Wright as secretary of energy for his second term, which positively impacted the stock prices of both Liberty Energy and Oklo [1][2] - Liberty Energy, an oilfield services and fracking company, has a market capitalization of nearly $3 billion, with its stock gaining over 3% shortly after the market opened on the day of the announcement [2] - Oklo, a nuclear energy company where Wright serves on the board, saw its stock soar by 12% and has increased approximately 90% in 2024 [2] Group 2 - Chris Wright has publicly advocated for the oil and gas industry, claiming there is no climate crisis and that an energy transition is not occurring [3] - The new secretary of energy will also be part of the newly established Council of National Energy, alongside North Dakota Governor Doug Burgum, who has been appointed as secretary of the interior [3]