Chevron: To Transfer Hess Midstream Interests And DJ Basin Crude Midstream Assets For $200M Cash; Expects $3B—$4B One-Time After-Tax Loss

Expects To Deconsolidate Hess Midstream, Including $3.70B In Debt - Revised Agreements Expected To Cut Bakken Unit Midstream Costs By About 50% And Lift Return On Capital Employed By 0.5% - Deal Expected To Close By End-2026