The other integrated energy giant, Exxon Mobil Corp. XOM, had tussled with Chevron CVX over Hess’s assets in Guyana, resulting in a stock overhang for Chevron.

Chevron has completed the $53bn acquisition of Hess, following the fulfilment of all necessary closing conditions. The development follows a favourable arbitration outcome regarding Hess' offshore ...

Chevron announced Friday that it has completed its $53 billion acquisition of Hess after an international commerce body ended a long-running legal battle that had hobbled the deal.

Chevron Corp. has prevailed in a 20-month fight to buy Hess Corp. for $53 billion, overcoming a challenge by arch rival Exxon Mobil Corp. that was unprecedented in the modern history of Big Oil.

Chevron, Hess complete $53B merger after arbitration win Exxon Mobil had challenged Chevron’s bid, given Hess’ rich access to Guyanese oil By The Associated Press Wire Service Jul. 18, 2025 ...

Hess Midstream is switching up its leadership team after an arbitration panel cleared the way for Chevron to complete its $53 billion purchase of Hess. Jonathan Stein was named as Hess Midstream's ...

Chevron finalizes its $53 billion acquisition of Hess, gaining access to Guyana's massive Stabroek oil field after a key ruling from the ICC ...

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 has completed its planned takeover of US producer Hess after winning its arbitration against ExxonMobil over a stake in Guyana's prolific Stabroek block.

Chevron and Hess shares rose after an arbitration panel cleared the way for their merger. Shares of Chevron advanced 3% to $156.40, while Hess's stock gained 7% to $160 in pre-market trading Friday.