Chevron has taken the top spot as the most shorted large-cap stock in the Americas in April, according to the Shortside Crowdedness Report from Hazeltree. This comes as oil prices declined in the second half of the month and tensions in the Middle East eased. Additionally, Chevron’s proposal to acquire Hess is facing scrutiny from regulators and politicians, while an arbitration with Exxon over rights to oil projects in Guyana continues.
Tesla, which has been a frontrunner in the most shorted stock list, dropped out of the top spot this month. Chevron, on the other hand, has seen a 10% increase on the NYSE this year and a 1.4% increase in April alone.
However, Chevron’s acquisition of Hess is facing delays due to Exxon Mobil’s arbitration case, with Democrats calling for regulators to stop the deal. Senate Majority Leader Chuck Schumer has urged the FTC to intervene, citing concerns about the impact on consumers.
In conclusion, these developments in the oil and gas industry highlight the complexities of major acquisitions and regulatory scrutiny in the market. Stay tuned for more updates on this evolving story from DailyBubble. Welcome to DailyBubble, where we bring you the latest news and updates on all things pop culture! From celebrity gossip to movie reviews, we’ve got you covered.
Today, we’re diving into the world of entertainment and highlighting some of the biggest stories of the week. From the latest Hollywood scandals to the hottest new releases, we’ve got all the details you need to stay in the loop.
But that’s not all – we also love to hear from our readers! Have a burning question about your favorite TV show? Want to share your thoughts on the latest blockbuster movie? Drop us a line and let us know what’s on your mind.
So sit back, relax, and enjoy your daily dose of pop culture news with DailyBubble. We’re here to keep you entertained and informed, so you never have to miss a beat in the world of entertainment. Thanks for joining us!