OIL - How To Earn $500 A Month From Chevron Stock Ahead Of Hess Deal Closing | Benzinga
Chevron Corporation (NYSE: CVX) shares closed slightly higher on Thursday despite a decline in crude oil prices.
Benchmark U.S. crude oil for February delivery declined 33 cents to settle at $73.89 per barrel on Thursday.
The San Ramon, California-based company’s $53 billion all-stock deal for Hess (NYSE: HES) is scheduled for an early-2024 completion. Chevron and Hess recently received a request for additional information and documentary material from the Federal Trade Commission (FTC) in connection with the merger.
See Also: IEA Forecasts Slowdown In Oil Demand, Contrasts Positive Outlook By OPEC+
UBS analyst Josh Silverstein maintained Chevron with a Buy rating, lowering the price target from $194 to $185.
Chevron, during October, reported third-quarter total revenues and other income of $54.1 billion, beating the consensus of $51.44 billion.
With the recent buzz around Chevron, some investors may be eyeing potential gains from the ...