All articles tagged with #trump energy policy
Nuclear stocks, led by BWX Technologies, surged after strong Q2 earnings and optimistic guidance, amid reports of plans to build a nuclear reactor on the moon supported by the Trump administration's renewed focus on nuclear energy.
Westinghouse plans to build 10 large nuclear reactors in the U.S. by 2030, aiming to significantly boost nuclear power in line with President Trump's goal of quadrupling nuclear capacity by 2050, with a focus on using AI to streamline construction processes.
President Trump's recent executive orders supporting nuclear energy have led to upgrades in nuclear stocks like Oklo, Centrus Energy, and BWX Technologies, with analysts viewing these moves as a significant shift in U.S. energy policy that could boost domestic nuclear power development and uranium supply chains.
Chevron plans to slow its production growth in the Permian Basin, the largest US oil field, signaling a challenge to President-elect Donald Trump's goal of increasing American energy output. The company will reduce capital expenditures in the region by up to 10% in 2025, focusing on free cash flow over production growth. This move is expected to benefit OPEC as it struggles with a global oil glut. Despite the slowdown, Chevron aims to continue increasing production, albeit at a reduced rate, as it approaches its target of one million barrels a day.