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 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 the acquisition after winning a landmark legal battle against its larger rival Exxon Mobil, which had challenged the deal over rights to the Stabroek Block off the coast of Guyana.

Exxon Benefits From a Pyrrhic Defeat Against Chevron and Hess The oil giant’s benefit from delaying tactics means its arbitration loss matters less.

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.

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

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HOUSTON (Reuters) -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 ...

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The Federal Trade Commission has reopened and set aside the final consent orders for proposed acquisitions from Exxon Mobil XOM 0.78% and Chevron CVX 1.77%. The FTC said Thursday it reopened an ...

Joseph Giordano, Surgeon Who Helped Save Reagan’s Life, Dies at 84 He had built one of the country’s leading trauma centers in Washington, which made it possible for his team to respond ...