Jack Dorsey’s Block Is Set to Join S&P 500 Index, Replacing Hess

Block Inc. signage on the floor of the New York Stock Exchange in New York in 2024. — Block Inc. signage on the floor of the New York Stock Exchange in New York in 2024.
Photographer: Michael Nagle/Bloomberg

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By Emily Graffeo and Emily Mason

July 18, 2025 at 9:32 PM UTC

Updated on

July 18, 2025 at 10:41 PM UTC

Jack Dorsey’s Block Inc. is set to join the S&P 500 index, a milestone that underscores the growing influence of digital payments and crypto in mainstream finance.

The fintech firm will replace Hess Corp. in the benchmark, following Chevron Corp.’s $53 billion acquisition of the energy producer.