Hess gains as Chevron wins Exxon battle over Guyana oilfield

Shares of oil and gas producer Hess HES.N rise 5.2% to $156 premarket

Chevron CVX.N will proceed with its $53 billion acquisition of Hess HES.N after it prevailed in a landmark legal battle against larger rival Exxon Mobil XOM.N to gain access to the largest oil discovery in decades in Guyana

Shares of CVX rise 4% and XOM up marginally

XOM spokesperson confirms Chevron prevailed in mediation over Guyana oil assets

CVX and HESS did not reply to request for comment

Up till last close, CVX up 4.6%, XOM up 3.9% and HES up 12% YTD