Chevron to sell Hess Midstream stake in deal cutting Bakken costs

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Go back to Chevron to sell Hess Midstream stake in deal cutting Bakken costs

Chevron to Divest its Ownership Interests in Hess Midstream and DJ Basin Crude Midstream Assets

October 6, 2026 5:15 PM EDT

Chevron to divest its ownership interests in Hess Midstream and DJ Basin crude oil midstream assets in exchange for extended and improved Bakken midstream commercial terms Expected to improve Chevrons Bakken cost structure and increase return on capital employed Supports competitive upstream development activity

HOUSTON--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) announced today that several of its subsidiaries have entered into a series of definitive agreements with Hess Midstream LP (NYSE: HESM) to restructure the... More