Loading...
Market
Market reaction to Chevron's Hess acquisition
5
Resolution / Starting Odds
Significant Increase • 33%
Moderate Increase • 34%
No Change or Decrease • 33%
Stock market data and analyses from financial experts
Story
Hess Shareholders Approve Chevron's $53 Billion Acquisition Amid Exxon Dispute
May 28, 2024, 06:21 PM
Hess Corporation's shareholders have approved Chevron's $53 billion acquisition of the company. The vote, which took place on Tuesday, clears a significant hurdle for the merger. Despite the approval, there were calls from several large shareholders and Institutional Shareholder Services (ISS) to postpone the vote. Additionally, a dispute with Exxon over Guyanese assets remains unresolved, adding uncertainty to the final outcome of the merger. The deal, which required majority approval from Hess's 308 million outstanding shares, is a major move in the energy industry, as Chevron aims to leverage Hess's oil-rich Guyana fields.
View original story
Similar markets
Increase over 10% • 33%
Increase 5-10% • 33%
Less than 5% increase or decrease • 34%
Positive market reaction • 33%
Negative market reaction • 33%
Neutral market reaction • 34%
Increase by more than 15% • 25%
Increase by 5% to 15% • 25%
Decrease • 25%
No significant change (within 5% up or down) • 25%
Significant increase in Alphabet's stock price • 33%
Little to no change in Alphabet's stock price • 33%
Decrease in Alphabet's stock price • 33%
Increase more than 10% • 25%
Increase 5% to 10% • 25%
Decrease or change less than 5% • 25%
Decrease more than 5% • 25%
Increase more than 10% • 25%
Increase 5-10% • 25%
Decrease • 25%
No significant change (±5%) • 25%
Significantly Positive • 25%
Moderately Positive • 25%
Neutral • 25%
Negative • 25%
Significant increase • 33%
No significant change • 34%
Decrease • 33%
Stock price increases significantly • 33%
Stock price remains stable • 34%
Stock price decreases • 33%
Prices increase significantly • 33%
Prices remain stable • 34%
Prices decrease significantly • 33%
Stock price up more than 10% • 25%
Stock price up 5-10% • 25%
Stock price unchanged or down • 25%
Stock price down more than 5% • 25%
Increases by more than 10% • 33%
Changes between 0% and 10% • 33%
Decreases • 34%