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XOM May 2024 107.000 put

OPR - OPR Delayed price. Currency in USD
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0.01000.0000 (0.00%)
As of 02:57PM EDT. Market open.
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Previous close0.0100
Expiry date2024-05-24
Day's range0.0100 - 0.0400
Contract rangeN/A
Open interest522
  • Yahoo Finance

    ConocoPhillips's $22.5 billion deal for Marathon Oil highlights energy M&A wave

    US energy consolidation continues with the announcement that ConocoPhillips will buy Marathon Oil for $22.5 billion.

  • 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

  • Reuters

    Strike to halt on Thursday at ExxonMobil's Gravenchon petrochemical complex

    Chemical unit strikers will resume work on Thursday at 6 a.m. (0400 GMT) at ExxonMobil's Port Jerome Gravenchon petrochemical complex in northern France, a CGT union representative said on Wednesday. The temporary strike suspension will allow the company and unions to further negotiate plans for 677 workers who will lose their jobs next year as ExxonMobil reduces its French petrochemical operations. Last month, ExxonMobil Chemical France announced it would shut down the steam cracker and close chemical production at Gravenchon this year, adding that the site has lost more than 500 million euros since 2018 and remains uncompetitive.