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03.04.2025 21:00:57

Why U.S. Oil and Gas Stocks Plunged Today

Shares of U.S.-based oil and gas fracking companies such as Devon Energy (NYSE: DVN), APA Corporation (NASDAQ: APA), and Diamondback Energy (NASDAQ: FANG) plunged on Thursday, falling 11.2%, 14.4%, and 11%, respectively, as of 12:32 p.m. ET.Investors might have thought the Trump administration would be a big positive for the energy sector, given the president's promises of deregulation, lower taxes, and opening up more federal land for drilling.However, it appears the administration's tariff policy is actually a giant negative for these names, and really drillers all over the globe. Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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