Chevron can quickly proceed with its $53 billion acquisition of Hess, after winning a landmark legal battle against larger ...

Hess Corp. won its arbitration battle with Exxon Mobil Corp ., clearing the way for it to be bought by Chevron Corp. more ...

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.