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Energy Stocks Surge and Plummet: A 2024 Rollercoaster

1/6/2025

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Story summary
  • Williams Companies oversees one-third of the U.S. natural gas supply, experiencing a 59% stock surge in 2024.
  • Kosmos Energy's stock plummeted 49% due to debt challenges and paused acquisition efforts.
  • Tullow Oil's stock fell 44% amid operational difficulties and CEO resignation announcements.
  • Renewable energy stocks like Verde Clean Fuels and GE Vernova thrived, while Enphase Energy dropped 47.6%.
  • The IPO market expects a $3 billion deal from Venture Global, indicating positive energy sector momentum.