Opening Bell: NYSE & Nasdaq July 18, 2025 - Chevron-Hess Deal
CNBC TelevisionJuly 18, 20251 min451 views
6 connections·6 entities in this video→Market Open and Key Movers
- 🔔 The market opens with fresh intraday highs on July 18, 2025, showing continued momentum.
- ⚡ The energy sector is leading the market today, with a 1% gain.
Chevron's Acquisition of Hess
- 🤝 Chevron is up 2.6% following the arbitration green light for its $55 billion acquisition of Hess.
- ⏳ This deal, initially announced nearly two years ago, is a significant mover for Hess, the company being acquired.
- ✅ Mike Wirth, CEO of Chevron, confirmed that all systems are go and expressed excitement about the synergies.
- ⚠️ Wirth also acknowledged that there will be job cuts as the two large companies combine operations and address overlap.
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What’s Discussed
Opening BellNYSENasdaqEnergy SectorChevronHessAcquisitionArbitrationSynergiesJob CutsRussell 2000 Index
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