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Chevron’s Acquisition Of Hess Corp. Sends Ripples Through Energy Sector: Reasons Behind Stock Price Dip

Chevron Corp. (NYSE: CVX), the second-largest oil company in the United States after Exxon Mobil Corp. (NYSE: XOM), sent shockwaves through the market with its announcement of a planned acquisition of Hess Corp. (NYSE: HES) on Monday. However, the market's initial response has been far from enthusiastic.

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Oil Prices Rise As Concerns Over Supply Grow Amid Middle East Unrest: This Fund Offers 2X Leverage To Play The Sector Bullishly

Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (ARCA: GUSH) was rising about 0.8% higher on Monday, continuing its rally amid increased geopolitical conflict, which caused International Monetary Fund Managing Director Kristalina Georgieva to

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