Squawk on the Street Chevron and Hess CEOs on $53B Deal, 5% Yield Effect on Stocks, Apple’s Losing Streak 10/23/23
Oct 23, 2023
Chevron and Hess CEOs discuss the $53B deal. Topics include the impact of EVs on the oil industry, Chevron's acquisition of Hess, benefits of the strategic combination, Chevron's partnership with ExxonMobil in Guyana, market conditions and outlook, Apple's challenges in China, and concerns about enterprise software companies and Bank of America's bond portfolio.
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Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 2min
Consolidation in the Oil Industry and Potential Impact of EVs
02:14 • 9min
Chevron's Acquisition of Hess: Reasons and Timing Revealed
11:27 • 2min
Chevron and Hess Strategic Combination: Benefits and Long-Term Commitment
13:10 • 11min
Chevron's Partnership with ExxonMobil in Guyana
23:54 • 5min
Market Conditions, Outlook, and Interest Rates
28:55 • 13min
Apple's Challenges in China
42:16 • 4min
Performance of enterprise software companies and concerns about Bank of America's bond portfolio
45:49 • 6min