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XOM Dec 2024 75.000 put

OPR - OPR Delayed price. Currency in USD
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0.19000.0000 (0.00%)
As of 12:37PM EDT. Market open.
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Previous close0.1900
Expiry date2024-12-20
Day's range0.1900 - 0.1900
Contract rangeN/A
Open interest265
  • Yahoo Finance Video

    Oil: Why M&A consolidation is emerging as a trend

    Mega-merger moves are shaking up the oil sector. Hess (HES) shareholders have given the green light to the company's whopping $53 billion acquisition by Chevron (CVX). Meanwhile, ConocoPhillips (COP) is gearing up to acquire Marathon Oil (MRO) in a massive $17.1 billion all-stock transaction. Joining Market Domination to discuss the outlook for the oil sector amid this consolidation wave are Alpine Saxon Woods Founding Partner Sarah Hunt and CFRA Research Energy Equity Analyst Stewart Glickman. Hunt highlights the entire industry "is under a lot of pressure" as it pivots toward alternative energy sources. "I think this is all about consolidating into a smaller number of players, in a very mature industry, that is looked at as something that is not going to last forever," Hunt tells Yahoo Finance. Glickman, however, doesn't see the Conoco deal as "transformative," suggesting the company is on the defensive. With the Permian Basin posing headwinds for oil output, Glickman argues that by acquiring Marathon, Conoco is decreasing its Permian exposure — ultimately benefiting the company. He adds, "If you're going to grow at all, you're better off growing by acquisition than you are by throwing a lot of money into new cap-ex." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith

  • Zacks

    Strategic Asset Divestitures: 3 Energy Firms Setting the Trend

    Divesting non-core assets is a strategic tool for oil and gas companies to enhance financial health. This highlights the need to keep an eye on XOM, BP and OXY.

  • Zacks

    3 Energy Companies With Rock-Solid Balance Sheet to Watch (Revised)

    EIA estimates the GDP growth rate to remain flat year over year in 2024 and decline in 2025, which may dampen energy demand. Hence, keep an eye on XOM, CVX, and COP with strong balance sheet.