This chapter discusses the current activity and trends in the energy space, focusing on Chevron and HES. It highlights the acquisition of offshore deep water positions and the concept of capital discipline. The chapter also includes discussions on the discovery of oil in a neighboring country, the acquisition of HES by Chevron, and the CEOs' views on world oil inventories and the energy transition.
Bloomberg Markets Anchor Alix Steel reports on Chevron agreeing to buy Hess for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels. Ben Harburg, Managing Partner of MSA Capital and Bloomberg News Global Economy Reporter Enda Curran discuss the ins and outs of investing in China. Ed Price, Principal at Ergo, shares his thoughts on the Israel-Hamas war. And we Drive to the Close with Ann Miletti, Head of Active Equity at Allspring Global Investments.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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