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XOM Jun 2024 108.000 put
| Previous close | 0.3900 |
| Open | 0.3400 |
| Bid | 0.0400 |
| Ask | 0.2700 |
| Strike | 108.00 |
| Expiry date | 2024-06-14 |
| Day's range | 0.3000 - 0.3400 |
| Contract range | N/A |
| Volume | |
| Open interest | 130 |
ReutersHess shareholders approve merger with Chevron
Hess Corp on Tuesday approved the company's $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass. Chevron offered to acquire Hess last October in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields.
ReutersHess shareholders sign off on $53 billion sale to Chevron
HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in rival Exxon Mobil's massive Guyana discoveries. The approval clears one hurdle, but the deal still requires regulatory approval and must face a lengthy arbitration battle with Exxon and CNOOC, Hess' partners in Guyana. Regulatory approval could come next month, said Frederic Boucher, risk arbitrage analyst at Susquehanna Financial Group, based on the time the Federal Trade Commission (FTC) took to approve Exxon's acquisition of Pioneer Natural Resources earlier this month.
Barrons.comExxon Is Trying to Do Investors a Favor: Get Politics Out of the Boardroom
A fight with Calpers and others is about more than one company, Kyle Isakower writes in a guest commentary.
