Chevron scoops up Hess for a staggering $53bn LeapRate

Chevron scoops up Hess for a staggering $53bn

This acquisition boosts Chevron’s existing portfolio, adding assets such as the Stabroek block in Guyana and Hess Bakken, which expands Chevron’s shale position and Permian basin operations. Hess chief executive officer (CEO), John Hess, is expected to join the Chevron Board of Directors. Chevron’s chairman and CEO, Mike Wirth, highlighted the two companies' similar values…

January 27, 2016 BY LeapRate Staff

Markets.com doubles margin requirement on stocks during earnings season

Retail forex broker Markets.com, a unit of Playtech PLC (LON:PTEC), will be raising margin requirements from 5% to 10% for CFDs on certain US-traded stocks during the current Q4 earnings reporting season. Shares of even very liquid, well-traded equities tend to be more volatile leading up to an earnings announcement - especially year-end results, when 'surprise'…

Tag: Chevron Corporation (NYSE:CVX)

Chevron scoops up Hess for a staggering $53bn

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