Hess Financial News

By Julia Symmes Cobb

(Reuters) -The U.S. Federal Trade Commission has sent shale oil producer Pioneer Natural Resources (NYSE:PXD) and Exxon Mobil (NYSE:XOM) a second request for more information on their $60 billion takeover deal, Pioneer said on Tuesday.

Security filings show the Federal Trade Commission is investigating ExxonMobil’s $60 billion deal to acquire a Texas oil company, potentially one the largest energy industry mergers in two decades

Despite the recent rally in the stock market, there are still some stocks trading at a discount due to the downturn in October. These stocks represent bargains with significant upside potential.

By Anirban Sen

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: Outperform initiations at Nike and Lululemon Athletica, and upgrades at HP, monday.com, Hess, and DigitalOcean.

climate change is all around us. If the planet is to avoid even more severe consequences from global warming, the International Energy Agency, the world’s leading energy authority, says, consumption of oil, coal and natural gas needs to be reduced much more rapidly, and clean energy sources like wind and solar power need to expand at a far faster pace. But the stock market doesn’t seem to have gotten the memo. Instead, the shares of a broad range of clean energy companies have been crushed lately, in a rout that encompasses just about every alternative energy sector, including solar, wind and geothermal power. At the same time, rather than weaning themselves off oil, Exxon Mobil and Chevron, the two biggest U.S. oil companies, are doubling down.

Senate Majority Leader Chuck Schumer and other Democratic senators are urging federal regulators to investigate multibillion-dollar acquisitions by oil giants ExxonMobil and Chevron, saying the deals could lead to higher prices at the gas pump

GEORGETOWN, Guyana—New supermarkets here are stocked with prime Texas rib-eyes. A recently opened waterfront hotel offers executive suites for $750 per night. The national cricket team, the Amazon Warriors, is getting a new stadium that begins construction next spring.

Investing.com — Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: Chevron to buy Hess for $53 billion, Vista Equity Partners to pick up EngageSmart, Roche to buy Telavant Holdings from Roivant and Pfizer , Western Digital drops on 'scrapped' merger, and Forward Air seeks to terminate disastrous Omni merger.

Exxon Mobil’s third-quarter profit declined compared with last year's unprecedented numbers, but they're up 15% compared with the previous quarter

(Reuters) — Chevron (NYSE:CVX) on Friday reported a fall in third-quarter profit despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess Corp (NYSE:HES) for $53 billion.

By Seher Dareen

(Reuters) — Blockbuster takeovers by U.S. oil and gas majors Exxon (NYSE:XOM) and Chevron (NYSE:CVX) this month may spark further consolidation in the energy industry after a quieter third quarter for mergers and acquisitions in the sector, analytics firm Enverus said.

By David French

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge

Asian shares are mixed after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after jumping above 5%

Market Movers rounded up the latest reactions to Chevron's stock moves from the pros, including Jim Cramer, as another mega-merger in the energy sector was announced Monday.

Investing.com — U.S. futures fell Monday, pressured by rising bond yields ahead of quarterly earnings from a number of tech giants this week.

Chevron Corp, the U.S.-based petroleum refining giant, has unveiled a colossal $53 billion all-stock deal to acquire its smaller rival, Hess Corp. The acquisition, announced on October 23, 2023, not only signals a strategic shift but also takes Chevron's rivalry with Exxon Mobil to the next level.

(Reuters) -Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among the biggest U.S. oil players after Exxon Mobil (NYSE:XOM) bid $60 billion for Pioneer Natural Resources (NYSE:PXD) earlier this month.