Chevron buys Hess: Here's where the next energy deal may come from

Just weeks after Exxon Mobil (XOM) announced it was buying Pioneer Natural Resources (PXD), Chevron (CVX) has announced it is buying Hess (HES) in a $53 billion all-stock deal. Enverus Intelligence Director Andrew Dittmar doesn't expect any more megadeals, but there could still be more consolidation in the industry. Dittmar tells Yahoo Finance Live anchors Julie Hyman and Josh Lipton that some of the "large independents" could "potentially merge with one another or looking to roll up some of their even smaller-sized rivals." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #Chevron #Hess #youtube About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp Connect with Yahoo Finance: Get the latest news: https://yhoo.it/2fGu5Bb Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV