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Why ExxonMobil, Chevron, Kinder Morgan, and Other Energy Stocks Jumped Today

Why ExxonMobil, Chevron, Kinder Morgan, and Other Energy Stocks Jumped Today

The biotech said its vaccine candidate could be over 94% effective at preventing COVID-19 infections. Combined with similarly positive news from drugmakers Pfizer and BioNTech last week, the market began to look ahead to a post-pandemic economic recovery. In turn, shares of energy companies Chevron (NYSE: CVX), ExxonMobil (NYSE: XOM), and Kinder Morgan (NYSE: KMI) rose 7.1%, 5.8%, and 4.1%, respectively.