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 largest oil discovery in decades.

Chevron’s stock price rose closed down around 1 percent on Friday. Exxon’s stock fell 3.5 percent. Their dispute was rooted in the fine print of a contract that has never been made public.

Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival ...

Chevron announced its deal for Hess in October 2023, less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Chevron said at the time that ...

HOUSTON (AP) — Chevron has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess and access to one of the biggest oil finds of the decade ...

Chevron finalizes $55B deal for Hess, ending dispute with Exxon over Guyana oil field stake By Rachel Nostrant, Staff writer Updated July 18, 2025 3:07 p.m.

John Hess plans to buy back his family’s iconic toy truck business next year from Chevron Corp. after the oil giant bought his company this month.

An arbitration panel cleared the way for Chevron CVX -0.17% to complete its $53 billion purchase of Hess, dismissing Exxon Mobil’s XOM -0.68% claim that it had a contractual right to bid for ...

July 18 (UPI) -- Chevron, one of the world's leading energy companies, completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil fields ...

Summary The climax to the Chevron Corporation-ExxonMobil Corporation dispute may be approaching. Almost all of Hess Corporation's profits come from Guyana. Chevron may well sell or spin off ...

Chevron Corporation’s share was trading at $149.68 as of July 21st. CVX’s trailing and forward P/E were 17.11 and 18.21, respectively according to Yahoo Finance.