Chevron (CVX)/Hess (HES) Deal: Room for Enthusiasm in Energy Consolidation

Chevron (CVX) is to buy Hess (HES) in a $53B all-stock deal. The deal is worth approximately $171 per share. Stewart Glickman discusses this, as well as why energy M&A activity is heating up. He notes that CVX is diversifying its portfolio with this deal. He also talks about how the middle east conflict is affecting crude oil. He then goes over how the consolidation in energy has been a long time coming. He highlights that there is room for enthusiasm in energy consolidation. Tune in to find out more about the stock market today.