HES Jun 2024 140.000 put
| Previous Close | 0.8000 |
| Open | 1.3500 |
| Bid | 0.3000 |
| Ask | 1.0500 |
| Strike | 140.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 1.3500 - 1.8700 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.59k |
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ReutersSchumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger
"The FTC should side with consumers and pump the breaks on this deal," Schumer said in a post on social media platform X, adding that the deal would give oil majors more leverage to raise gas prices. In October last year, Chevron agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a stake in rival Exxon Mobil's massive Guyana discoveries. Schumer has previously also called for greater scrutiny of mega oil mergers as he along with 22 other Democratic senators wrote to the FTC in November last year, saying multi-billion dollar acquisitions by oil and gas giants Exxon and Chevron could lead to higher prices for consumers.
BloombergSchumer Urges FTC to ‘Pump the Brakes’ on Chevron-Hess Deal
(Bloomberg) -- Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to pause Chevron Corp.’s proposed $53 billion takeover of Hess Corp., arguing the deal would give the oil industry more power to raise gas prices.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billi
