Previous close | 0.0100 |
Open | 0.0100 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 115.00 |
Expiry date | 2024-05-17 |
Day's range | 0.0100 - 0.0200 |
Contract range | N/A |
Volume | |
Open interest | 278 |
Senate Majority Leader Chuck Schumer has called on the Federal Trade Commission (FTC) to intervene in the proposed merger between Chevron (CVX) and Hess (HES), valued at $53 billion. Schumer claims the merger will allow oil companies to raise gas prices. Yahoo Finance Anchors Seana Smith and Jared Blikre discuss what these developments mean for the energy sector. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Oil company Chevron was the most shorted U.S. stock in April, overtaking long-standing top target Tesla as short-sellers up their bets on weaker energy prices, according to a monthly report by data and tech firm Hazeltree. Chevron topped the Hazeltree Shortside Crowdedness Report list as the most shorted large cap stock in the United States, which the firm compiles based on stock borrowing data globally from about 700 asset management funds. While the oil company has occupied second place in the last three months, April saw a jump of over $500 million worth of Chevron's total stock used for shorting, to about 9% from the previous month's roughly 7%.
(Bloomberg) -- Chevron Corp.’s $53 billion deal to acquire Hess Corp. suffered a potential blow Monday as an influential adviser said investors should abstain from voting for the deal.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsChina to Start $138 Billion Bond Sale on Friday to Boost EconomyProxy adviser Institutional Shareholder Ser