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Why ConocoPhillips, Chevron, and Cheniere Energy Stocks All Dropped Today
When in doubt, buy the cheapest energy stock, with the best dividend, and the best growth rate you can find.
A weak report on the U.S. economy sparked a sell-off in stocks this morning. U.S. GDP declined at an annualized 0.3% in Q1 2025. Since economists had been forecasting 0.4% GDP growth, this came as something of a disappointment.
Green energy efforts notwithstanding, the U.S. economy still largely runs on oil, and worries about a slowdown are weighing on oil and gas stocks as a result. OilPrice.com reports WTI crude oil prices are down 1.4% today to about $59.50 per barrel. Brent crude is likewise down about 1.4% at about $63.30.
ConocoPhillips (NYSE: COP) stock was down 2% at the 11:30 a.m. ET mark, while Chevron (NYSE: CVX) was down 2.2%. Liquefied natural gas exporter Cheniere Energy (NYSE: LNG) was taking it even more on the chin with a 3.6% loss before noon.
