There are different segments of the broader energy sector, and each operates a little differently from the others. If you're a conservative dividend investor looking for an energy stock, you probably wouldn't want to put $2, let alone $2,000, into one of the higher-risk segments of the energy sector.
Shares of oil and gas major stocks ExxonMobil (XOM 3.89%), Chevron (CVX 3.39%), and ConocoPhillips (COP 4.23%) rallied on Thursday, up 3.8%, 3.4%, and 4.2%, respectively, as of 2 p.m. ET.
A consortium led by U.S. Exxon Mobil is about to begin the installation of its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.
Economic forecasters are raising the odds that we could experience a recession in the coming quarters. Goldman Sachs has hiked its recession probability a few times in recent weeks, bumping it from 20% all the way to 45%.
Last week's rally in the broader stock market indexes sprung the Nasdaq Composite (^IXIC 0.64%) back upward after a more than 20% that technically put it into a bear market. However, it's apparent that market volatility may be far from over.
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