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Block (formerly Square) will be added to the S&P 500 on July 23rd, replacing Hess. The stock jumped 8% on the news, signaling a significant milestone for the fintech company with a market cap of nearly $50 billion.

Related tickers: HES, CVX, SPY, XYZ.

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Chevron successfully acquired Hess Corp for $53 billion after winning an International Chamber of Commerce arbitration against Exxon and CNOOC, who opposed the deal based on preemption rights in the Guyana offshore oil project.

Related tickers: CVX, XOM, HES.

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