Stock Track | Hess Stock Soars on Chevron's Earnings Beat and Acquisition Anticipation

Stock Track11-02

Shares of Hess Corporation (HES) soared more than 5% on Thursday, November 1st, as the company's planned acquisition by energy giant Chevron (CVX) appeared closer to completion and Chevron reported strong third-quarter earnings.

Chevron's $53 billion acquisition of Hess, announced last year, had faced a regulatory hurdle from Exxon Mobil (XOM) over rights to an oil development project off Guyana. However, sources familiar with the matter revealed that the Federal Trade Commission (FTC) is now set to approve the merger, removing a major obstacle for the deal to close.

Additionally, Chevron's third-quarter results showed better-than-expected earnings, driven by a surge in U.S. oil and gas production, particularly in the lucrative Permian Basin. The company's focus on key regions and operational efficiency helped offset lower oil prices and weaker refining margins. As a pending acquisition target, Hess could benefit from Chevron's robust operational performance and growth plans.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1190379827?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-02 05:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1190379827","market":"us","top_or_hot":-1,"title":"Stock Track | Hess Stock Soars on Chevron's Earnings Beat and Acquisition Anticipation","media":"Stock Track","content":"<p>Shares of Hess Corporation (HES) soared more than 5% on Thursday, November 1st, as the company's planned acquisition by energy giant Chevron (CVX) appeared closer to completion and Chevron reported strong third-quarter earnings.</p>\n\n<p>Chevron's $53 billion acquisition of Hess, announced last year, had faced a regulatory hurdle from Exxon Mobil (XOM) over rights to an oil development project off Guyana. However, sources familiar with the matter revealed that the Federal Trade Commission (FTC) is now set to approve the merger, removing a major obstacle for the deal to close.</p>\n\n<p>Additionally, Chevron's third-quarter results showed better-than-expected earnings, driven by a surge in U.S. oil and gas production, particularly in the lucrative Permian Basin. The company's focus on key regions and operational efficiency helped offset lower oil prices and weaker refining margins. As a pending acquisition target, Hess could benefit from Chevron's robust operational performance and growth plans.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Hess Stock Soars on Chevron's Earnings Beat and Acquisition Anticipation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Hess Stock Soars on Chevron's Earnings Beat and Acquisition Anticipation\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-02 05:01 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Hess Corporation (HES) soared more than 5% on Thursday, November 1st, as the company's planned acquisition by energy giant Chevron (CVX) appeared closer to completion and Chevron reported ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HES","symbol_name":"赫斯","start_time":0,"source_url":"","article_id":"1190379827","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1190379827","pubTimestamp":1730494884,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Hess Corporation  soared more than 5% on Thursday, November 1st, as the company's planned acquisition by energy giant Chevron  appeared closer to completion and Chevron reported strong third-quarter earnings.Chevron's $53 billion acquisition of Hess, announced last year, had faced a regulatory hurdle from Exxon Mobil  over rights to an oil development project off Guyana. However, sources familiar with the matter revealed that the Federal Trade Commission  is now set to approve the merg","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HES":"赫斯"},"translate_title":"股票轨迹赫斯股价因雪佛龙盈利超出预期和收购预期而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HES":1},"content_text":"Shares of Hess Corporation (HES) soared more than 5% on Thursday, November 1st, as the company's planned acquisition by energy giant Chevron (CVX) appeared closer to completion and Chevron reported strong third-quarter earnings.\nChevron's $53 billion acquisition of Hess, announced last year, had faced a regulatory hurdle from Exxon Mobil (XOM) over rights to an oil development project off Guyana. However, sources familiar with the matter revealed that the Federal Trade Commission (FTC) is now set to approve the merger, removing a major obstacle for the deal to close.\nAdditionally, Chevron's third-quarter results showed better-than-expected earnings, driven by a surge in U.S. oil and gas production, particularly in the lucrative Permian Basin. The company's focus on key regions and operational efficiency helped offset lower oil prices and weaker refining margins. As a pending acquisition target, Hess could benefit from Chevron's robust operational performance and growth plans.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1190379827"}