Chevron’s $53-billion Hess deal greenlit after Exxon’s legal challenge fails

News Snapshot:

Open this photo in gallery: With Chevron getting the go-ahead to acquire Hess on Friday, the company is now one of the major players in the Stabroek Block, an oil field off the cost of Guyana.Rogelio V. Solis/The Associated Press Chevron CVX-N has scored a critical ruling in Paris that has given it the go-ahead for a $53 billion acquisition of Hess HES-N and access to one of the biggest oil finds of the decade. Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris. Exxon XOM-N had...