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CVX Jan 2025 150.000 put

OPR - OPR Delayed price. Currency in USD
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6.25+0.30 (+5.04%)
As of 10:23AM EDT. Market open.
Full screen
Previous close5.95
Expiry date2025-01-17
Day's range6.00 - 6.25
Contract rangeN/A
Open interest5.62k
  • 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

  • Zacks

    Chevron Corporation (CVX) Is a Trending Stock: Facts to Know Before Betting on It

    Chevron (CVX) has been one of the stocks most watched by users lately. So, it is worth exploring what lies ahead for the stock.


    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.