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Summary LBRT reported an 8.3% gain in revenue in Q2 2022 against consensus estimates with its gross profit surging 373.13% in the six months leading to June 30, 2022. Liberty has invested in next-generation innovative technology poised to lower carbon emissions, noise levels and save on fuel consumption. LBRT’s share price has surged ⁓27% over the past year as the company grew its investment in energy-friendly power management solutions. grandriver There have been growing concerns among investors of hydraulic fracturing or fracking companies citing concerns over water management, emission of greenhouse gases, and disclosure of toxic chemicals among others. Companies such as BP ( BP ), Shell ( SHEL ), Chevron ( CVX ), Exxon Mobil ( XOM ), and TotalEnergies ( TTE ) all published green claims in 2021. They are also required to spend at least 10% of their capital expenditures on low-carbon projects this year alone. However, despite the pressurized campaigns from shareholders and even from the U.S. government (that ostensibly offers more subsidies to green projects), oil and gas companies are braving it all. Thesis Liberty Energy (NYSE: LBRT ) expects a 10% increase in sequential growth driven largely by fleet reactivations and a modest […]
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