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XOM Jan 2026 50.000 call
| Previous close | 64.20 |
| Open | 64.20 |
| Bid | 62.35 |
| Ask | 66.35 |
| Strike | 50.00 |
| Expiry date | 2026-01-16 |
| Day's range | 64.20 - 64.20 |
| Contract range | N/A |
| Volume | |
| Open interest | 77 |
- 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 SG
Deals of the day-Mergers and acquisitions
** N-Able, a U.S. provider of information technology software with a market value of $2.3 billion, is exploring a sale after attracting acquisition interest, people familiar with the matter said. ** Catalent said its stockholders have voted to approve its buyout deal with Novo Holdings, the parent company of Novo Nordisk.
- Oilprice.com
Hess Shareholders Approve $53 Billion Chevron Deal
Hess shareholders approved Chevron's $53 billion all-stock acquisition proposal, but the deal still faces challenges due to Exxon's arbitration claim over right of first refusal for Hess's stake in a key Guyana oil field.
