Hess Shareholders Approve $53 Billion Merger With Chevron
Hess Corp. shares are moving after shareholders approved the proposed $53 billion merger with Chevron Corp. on Tuesday.
WTI Crude Hits $80, Notches Best Day In Over 2 Months: ‘Peak Oil Demand Still A Decade Away’
Oil prices surge on anticipation of increased demand and ongoing supply constraints. Goldman Sachs projects continued demand growth until 2034.
Trump’s ‘Policies-For-Money’ Transaction With Big Oil Under Investigation By Senate Democrats: ‘Cronyism And Corruption’
The Senate Democrats have launched an investigation into claims that former President Donald Trump proposed a deal with…
Trump’s Niece Weighs In On Ex-President’s Legal Troubles, Chuck Schumer Urges FTC To Reconsider Chevron-Hess Merger And More: Top Political Updates This Week
The week was a whirlwind of political and corporate news. From Chuck Schumer calling on the FTC to reconsider a major oil merger, to Donald Trump's niece sharing her thoughts on her uncle's legal woes, the news cycle was anything but dull. Let's dive into the top stories.
Chevron Ends 55-Year North Sea Operations Ahead Of Hess Deal: Report
Chevron Corp. (NYSE: CVX) will exit the U.K. North Sea, ending its 55-year presence, to streamline its portfolio amid a $53 billion acquisition of Hess Corp. (NYSE: HES).
Warren Buffett’s Berkshire Confirms Apple Sale, Dumps This PC Maker, Finally Reveals Mystery Stock: Here Are The Portfolio Changes To Know
Berkshire reduced its Apple position by a little over 116 million, with the firm now owning over 789 million Apple shares valued at $135.36 billion.
Nvidia Tops Hedge Fund Buys as Interest in AI Stocks Fuel Market Gains: Bloomberg
Hedge funds increased holdings in AI companies like Nvidia, Amazon, Meta, and Microsoft while reducing positions in other sectors. Analysts predict huge revenue from Nvidia's new GPUs.
Tesla Loses Most-Crowded Short Stock Crown To This Oil Giant
An oil stock takes over from Tesla as the most crowded shorted stock in a new monthly report.
This Is What Whales Are Betting On Chevron
Investors with a lot of money to spend have taken a bearish stance on Chevron (NYSE:CVX). And retail…
Hillary Clinton Slams Trump For Allegedly Bribing Fossil Fuel CEOs To Reverse Biden’s Climate Action In Exchange For $1B: ‘Outrageous’
Former Secretary of State Hillary Clinton has accused ex-President Donald Trump of attempting to bribe fossil fuel CEOs to overturn President Joe Biden's climate policies.