XOM Jan 2025 105.000 put
| Previous close | 3.3600 |
| Open | 3.3600 |
| Bid | 3.4000 |
| Ask | 3.5000 |
| Strike | 105.00 |
| Expiry date | 2025-01-17 |
| Day's range | 3.3600 - 3.3600 |
| Contract range | N/A |
| Volume | |
| Open interest | 9.81k |
- 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
Barrons.comExxon Is a Powerhouse. Why Shareholders Are Rebelling.
With its stock hovering around all-time highs, Exxon Mobil is flexing its muscles like never before. At its annual meeting on Wednesday, the company will find out if shareholders think it has gone too far. A federal lawsuit filed by Exxon against two small environmentally-minded funds over a proxy ballot proposal has sparked a revolt by some other shareholders, who say the company is looking to quash shareholder rights.
ReutersShell, Exxon near deal to sell North Sea assets to Viaro, sources say
Shell and Exxon Mobil are nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said. The sale of the Clipper and Leman Alpha field clusters would mark the latest step in a steady retreat of major oil and gas companies from the ageing basin in recent decades as they focus on newer and more profitable prospects. For Texas-based Exxon, it would complete the exit from the North Sea, where it has been present since 1964.
