Chevron Expects Deal Accretive to Return on Capital Employed by 0.5%
Chevron Corporation stated that it expects an upcoming deal to be accretive to its return on capital employed by 0.5% on an absolute basis.
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Press Release: Chevron to Divest its Ownership Interests in Hess Midstream and DJ Basin Crude Midstream Assets
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 Chevron's Bakken cost structure and increase return on capital employed -- Supports competitive upstream development activi