- Reuters
Analysis-A mountain of asset sales loom after oil megamerger era
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews. Energy stocks represent just 4.1% by weight of the S&P 500, a third of their 2011 share as tech and health care investments took off. There are fewer institutional and European oil buyers interested, and a lack of ready cash to finance these deals.
- Zacks
The Zacks Analyst Blog Highlights Chevron, Amgen, Philip Morris, Hurco and Perma-Pipe
Chevron, Amgen, Philip Morris, Hurco and Perma-Pipe are included in this Analyst Blog.
- Zacks
Chevron (CVX) Stock Falls Amid Market Uptick: What Investors Need to Know
In the closing of the recent trading day, Chevron (CVX) stood at $158.46, denoting a -0.53% change from the preceding trading day.
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