Just weeks after Exxon Mobil (XOM) announced it was buying Pioneer Natural Resources (PXD), Chevron (CVX) has announced it is buying Hess (HES) in a $53...
) in a $53 billion all-stock deal. Enverus Intelligence Director Andrew Dittmar doesn't expect any more megadeals, but there could still be more consolidation in the industry. Dittmar tells Yahoo Finance Live that some of the"large independents" could"potentially merge with one another or looking to roll up some of their even smaller-sized rivals.
Elon Musk acted like a 'little baby' and was 'almost in tears' on Tesla's 'terrible' earnings call, analyst says Kevin Paffrath slammed Elon Musk's comments on Tesla's third quarter earnings call in an interview with Yahoo Finance this week. ‘I wouldn’t touch with anybody’s money’: Grant Cardone says these two major US cities are some of 'the worst markets to be in right now' for real estate investors — here's whyThe TFSA is one of the best places to hold long-term stocks. Here are three that could be reliable bets for life. The post TFSA Investors: 3 Reliable Stocks to Buy and Hold for Life appeared first on The Motley Fool Canada.
With the outlook of higher-for-longer solidifying, there's not much that can push yields down in the near-term, and there's still room for them to rise further.A luxury condo tower in Toronto is set to be one of Canada’s tallest housing projects, yet the multi-million dollar housing project dubbed “The One” is in disarray, and as Mark Carcasole reports it’s nowhere near completion. -- T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years.
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Chevron to buy Hess Corp for $53 billion in second oil mega-merger in weeksHOUSTON (Reuters) -Chevron agreed to buy U.S. rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas...
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Chevron Will Discontinue Oil Hedging Once Hess Deal Is CompleteChevron Corp. said it will no longer use put options to hedge the crude oil production it’s acquiring from Hess Corp. once the deal completes.
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Chevron to acquire Hess Corp. for $53B in all-stock dealAmerican gas and oil producer Chevron (CVX) will buy Hess (HES) for $53 billion dollars in an all-stock deal. The deal will add Hess' North Dakota and Guyana...
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Hess Family Stake Valued at $5 Billion With Chevron TakeoverLeon Hess founded Hess Corp. with a secondhand truck delivering fuel oil during the depression. Ninety years later, his son, John Hess, has agreed to sell the US oil producer to Chevron Corp. in a deal that crystallizes the value of the stake controlled by the family at about $5 billion.
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Chevron's Hess deal shows big oil still banking on fossil fuels despite energy transitionChevron's $53 billion deal for Hess is a sign that big oil thinks fossil fuels will be in demand for years to come.
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Chevron to buy Hess for US$53 billion in latest oil megadealChevron Corp. agreed to buy Hess Corp. for US$53 billion, a deal aimed at boosting production growth as the U.S. oil industry bets on an enduring future for fossil fuels.
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