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COP Jul 2024 115.000 call
| Previous close | 6.6500 |
| Open | 4.2000 |
| Bid | 3.6000 |
| Ask | 3.7000 |
| Strike | 115.00 |
| Expiry date | 2024-07-19 |
| Day's range | 3.4600 - 4.2000 |
| Contract range | N/A |
| Volume | |
| Open interest | 684 |
Yahoo FinanceWhat Elon Musk should tell Donald Trump
The EV billionaire is a new Trump adviser. Here's how he could help Trump freshen his thinking on electric vehicles.
- Yahoo Finance Video
These are the catalysts behind oil industry consolidation
The energy sector is making major moves as ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) in a $17.1 billion all-stock deal. Hess (HES) shareholders have also voted to approve the oil company’s pending $53 billion merger with Chevron (CVX). Sankey Research President and Lead Analyst Paul Sankey joins Catalysts to discuss how the latest news is affecting the oil industry on a larger scale. "This is a capital-intensive business, so the bigger you are, the more efficiencies you gain," Sankey explains, pointing to the $500 million a year in synergies that Conoco's acquisition of Marathon is expected to generate. Sankey believes that these deals will be subject to more regulatory scrutiny, especially in an election year. He adds, "The expectation is that without any great potential to change gas prices at the pump, these deals will be approved over the course of the next six months." The upcoming OPEC meeting this weekend will be a major catalyst for the price of oil. Sankey expects Saudi Arabia to extend cuts, and as the demand for oil increases, he notes that he is not as bullish on the commodity as he is on the expansion in oil company stocks. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Yahoo Finance Video
Energy: Shareholders approve Hess sale, Conoco to buy Marathon
The energy sector is witnessing several high-stakes deals, with two major transactions reaching their final stages. Shareholders of Hess (HES) have voted to approve the company's $53 billion sale to Chevron (CVX). ConocoPhillips (COP) is also poised to acquire Marathon Oil (MRO) in a $17.1 billion all-stock deal. Yahoo Finance's Ines Ferré breaks down the details of each acquisition within the sector. 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
