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Chevron agrees to buy Hess for $53 billion. Here’s how to invest in the deal



Market Movers rounded up the latest reactions to Chevron‘s stock moves from the pros, including Jim Cramer, as another mega-merger in the energy sector was announced Monday.

Chevron is acquiring Hess for $53 billion and the deal comes just under two weeks after Exxon Mobil bought Pioneer Natural Resources for $59.5 billion.

Chevron CEO Mike Wirth and Hess CEO John Hess joined CNBC on Monday morning to discuss the all-stock, $171 per share transaction and what it will mean for investors.

Chevron’s stock closed Monday’s trading session down 3.7%.

Source: CNBC


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