Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Chevron completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil fields off the coast of Guyana.

A ruling from the International Chamber of Commerce has cleared Chevron's $53 billion acquisition of Hess, ending one of the biggest battles between two majors in decades.

Critical ruling gives Chevron the go-ahead for $53B Hess deal, and access to one of the biggest oil finds of the decade

Hess is being acquired by Chevron after the energy company won arbitration with rival Exxon. Robinhood and AppLovin are two of its possible replacements in the S&P 500 index.

Block (XYZ) shares surged close to 10% in extended trading Friday after S&P Dow Jones Indices said the digital payments provider will be replacing Hess (HES) in the S&P 500 Index. The change will take effect prior to the start of trading next Wednesday,

Chevron (CVX) gets the green light to move forward with its $53 billion acquisition of Hess (HES), after an arbitration panel rejected ExxonMobil's (XOM) claim in a dispute over assets in Guyana. BP (BP) is offloading its US onshore wind business to LLS Power,

An arbitrator cleared the way for Chevron to buy Hess, allowing the energy giant to acquire a piece of one of the most promising oil projects in the world.