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.

Arbitrators cleared the way for the long-delayed $53 billion acquisition after Exxon tried to pre-empt the deal.

Chevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the biggest oil discovery in decades - the Stabroek Block 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.

Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.

Jack Dorsey’s Block Inc. is set to join the S&P 500 index, a milestone that underscores the growing influence of digital payments and crypto in mainstream finance.The fintech firm will replace Hess Corp.

Chevron (CVX) can move forward with its $53 billion acquisition of Hess (HES) after officials dismissed ExxonMobil's (XOM) attempt to block the deal. Yahoo Finance Senior Reporter Ines Ferré joins Morning Brief to explain how this win secures a key energy reserve for Chevron and what it means for the company's future in the region.

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.