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.

Hess Midstream’s three independent directors, Stephen J.J. Letwin, David W. Niemiec and John P. Reddy will remain on the Board and will continue to serve on the Audit Committee of the Board.

Chevron CEO Mike Wirth had previously stated he would abandon the acquisition if Hess and Chevron lost the arbitration case. The deal was first announced over 20 months ago.

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

Hess chief executive John Hess and Pioneer founder and former chief executive Scott Sheffield are no longer barred from holding board or advisory positions at the enlarged Chevron and ExxonMobil ...

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

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 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.

Chevron has a clear way for the major oil company to complete its $53 billion acquisition of Hess Corporation’s offshore assets in Guyana.