Chevron agrees to buy Hess for $53 billion. Here’s what the pros say
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Market Movers rounded up the latest reactions to Chevron‘s stock moves from the pros, including Jim Cramer, as another mega-merger in the energy sector was announced Monday.
Chevron is acquiring Hess for $53 billion and the deal comes just under two weeks after Exxon Mobil bought Pioneer Natural Resources for $59.5 billion.
Chevron CEO Mike Wirth and Hess CEO John Hess joined CNBC on Monday morning to discuss the all-stock, $171 per share transaction and what it will mean for investors.
Chevron’s stock closed Monday’s trading session down 3.7%.
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https://www.cnbc.com/2023/10/23/chevron-agrees-to-buy-hess-for-53-billion-heres-what-the-pros-say.html
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