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The Energy sector includes companies engaged in producing and supplying energy. It also includes companies that operate in exploration & development of oil or gas reserves, oil and gas drilling and refining.
Companies in the energy industry are classified on the way energy is obtained from non-renewables or fossil fuels and renewables such as solar.
The energy sector has been a key driver of industrial growth as it provides fuel to the rest of the economy.
The Utility sector includes companies that offer multiple services such as electricity and natural gas or specialise in just a single type of service like water. Some of the utilities depend on clean and renewable energy such as wind turbines, solar panels for producing electricity.
The stocks from the utilities sector are known for offering stable and consistent dividend. They have less price volatility compared to the overall equity market. Thus, utilities tend to perform well during recession and economic downtowns. The companies from this sector carry huge debt. Thus, they become extremely sensitive during interest rate fluctuations.
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