Hess Corp on Wednesday said its board has set April 12 as the record date for the determination of the stockholders entitled to vote on the proposed merger with Chevron Corp. Shareholders will vote on the proposed deal in a meeting whose date is yet to be set, the company said in a U.S. securities filing. Neither Chevron nor Hess can predict the actual date on which the transaction will be completed, it said in the filing.
Considering the current uncertainty surrounding Chevron's (CVX) acquisition of Hess, we can say that ExxonMobil (XOM) is on a better footing than Chevron ahead of Q1 earnings.
We've got a busy slate of earnings this week, with representation from two well-known energy heavyweights. How do expectations stack up?