Chevron's Acquisition Of Hess Corp. Sends Ripples Through Energy Sector: Reasons Behind Stock Price Dip
Chevron Corp. (NYSE: CVX), the second-largest oil company in the United States after Exxon Mobil Corp. (NYSE: XOM), sent shockwaves through the market with its announcement of a planned acquisition of Hess Corp. (NYSE: HES) on Monday. However, the market's initial response has been far from enthusiastic.
