XOM Jan 2025 260.000 call(CONTR
| Previous close | 28.60 |
| Open | 28.60 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 260.00 |
| Expiry date | 2025-01-17 |
| Day's range | 28.60 - 28.60 |
| Contract range | N/A |
| Volume | |
| Open interest | 659 |
Yahoo FinanceConocoPhillips's $22.5 billion deal for Marathon Oil highlights energy M&A wave
US energy consolidation continues with the announcement that ConocoPhillips will buy Marathon Oil for $22.5 billion.
- Yahoo Finance Video
Chevron-Hess deal: What hurdles remain?
Hess (HES) shareholders have officially voted to sell the company to Chevron (CVX) in a deal valued at $53 billion. However, the path to finalizing this transaction still presents several hurdles. Tortoise Portfolio Manager Robert Thummel joins the Morning Brief to share insights into the remaining challenges. Thummel highlights that arbitration is "the biggest hurdle" for the Chevron-Hess deal. He notes that if the arbitrator rules that other energy giants like Exxon (XOM) "are entitled to a right of first refusal," the deal could potentially fall through. However, he emphasizes that the "crown jewel asset" for this transaction to occur is the Guyana asset. Thummel further elaborates that if Chevron were unable to acquire Hess alongside its coveted Guyana assets, the entire deal could be jeopardized. He states that Chevron "has made it very, very clear that without the Guyana asset ... the company is not interested in pursuing the acquisition and the merger with Hess." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
The TelegraphShell and Exxon to sell £390m gas fields in North Sea exit
Shell and ExxonMobil are nearing a $500m (£390m) deal to offload two gas sites in the North Sea amid the companies’ ongoing retreat from the UK’s oil basin.
