MRO Oct 2024 25.000 put
- Yahoo Finance Video
Major energy M&A deals, the market's momentum: Morning Brief
How are the major market averages (^DJI, ^IXIC, ^GSPC) feeling this morning after the Nasdaq's big climb above 17,000 on Tuesday? Yahoo Finance's The Morning Brief is here to help investors start their trading day off right as hosts Seana Smith and Brad Smith walk you through the top stories and market trends. Hess Corp. (HES) shareholders approved the $53 billion buyout deal with Chevron (CVX). In other energy M&A news, ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) in an all-stock deal valued at $17.1 billion. Tortoise Portfolio Manager Rob Thummel told Yahoo Finance that this deal came as a total "surprise." Lastly, platinum miner Anglo American (NGLOY, AAL.L) rejected BHP Group's (BHP) bid to extend their merger deadline. Russell Investments President and Chief Investment Officer Kate El-Hillow sits down with the team in-studio to discuss the market's momentum trade and the strength of this earnings season's fundamentals. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Energy: Shareholders approve Hess sale, Conoco to buy Marathon
The energy sector is witnessing several high-stakes deals, with two major transactions reaching their final stages. Shareholders of Hess (HES) have voted to approve the company's $53 billion sale to Chevron (CVX). ConocoPhillips (COP) is also poised to acquire Marathon Oil (MRO) in a $17.1 billion all-stock deal. Yahoo Finance's Ines Ferré breaks down the details of each acquisition within the sector. 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
- Bloomberg
Oil Steadies as Traders Look to OPEC+ Meeting, US Inventories
(Bloomberg) -- Oil was steady after falling on Wednesday as traders look to US stockpile data and an OPEC+ meeting on the weekend for more clarity on the outlook for supply and demand. Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersInsurers Sink as UnitedHealth Sees ‘D
