Liberty Energy Stock Surges 3% in 2025 After CEO Chris Wright Named Energy Secretary by Trump
Liberty Energy shares jumped following CEO Chris Wright’s appointment as Energy Secretary by President-elect Donald Trump, signaling strong market confidence in the company’s future.
Highlights
- Chris Wright, CEO of Liberty Energy, appointed as Energy Secretary for Trump’s upcoming term.
- Wright serves on the board of Oklo, a cutting-edge nuclear energy firm supported by OpenAI’s Sam Altman.
- Stocks of Liberty Energy and Oklo experienced significant gains after the announcement.
Liberty Energy (LBRT) saw its stock price rise over 3% on Monday following the announcement that CEO Chris Wright will lead the U.S. Department of Energy under President-elect Donald Trump. Founded by Wright, Liberty Energy specializes in oilfield services and hydraulic fracturing, boasting a market cap close to $3 billion.
In addition to his role at Liberty Energy, Wright is a board member of Oklo (OKLO), an innovative nuclear energy company backed by OpenAI CEO Sam Altman. Oklo’s shares surged 12% on the news and have gained nearly 90% year-to-date in 2024.
Known for his pro-oil and gas stance, Wright has publicly stated on LinkedIn that "there is no climate crisis, and we’re not in the midst of an energy transition." This perspective aligns with the administration’s energy policies.
Pending Senate approval, Wright will also join the newly established Council of National Energy, alongside North Dakota Governor Doug Burgum, who has been appointed Secretary of the Interior by Trump.
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