Previous close | 6.43 |
Open | 6.43 |
Bid | 2.76 |
Ask | 6.35 |
Strike | 110.00 |
Expiry date | 2026-12-18 |
Day's range | 6.43 - 6.43 |
Contract range | N/A |
Volume | |
Open interest | 18 |
HOUSTON (Reuters) -Hess shareholders should vote in favor of Chevron's $53 billion all-stock offer at the oil company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday. The proposed deal terms provide a reasonable valuation and offer the potential for upside to Hess shareholders, while the strategic and financial merits of the proposed merger "are sound and reasonable, on balance," Glass Lewis said. No. 2 U.S. oil producer Chevron last October offered to acquire rival Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields, where Hess holds a 30% stake in a joint venture.
Buffett’s Berkshire Hathaway revealed this week that it had sold off some of its Chevron stock in the first quarter, along with shares of Paramount Global and Apple It sold all of its HP shares. In fact, Chevron scored the highest in a ranking of the most-shorted large-cap U.S. stocks by data company Hazeltree, beating out Tesla which came in second. To put together the report, Hazeltree polls about 700 asset managers, and ranks companies based on what percentage of the funds are shorting the stock.
The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting.