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Cenovus Energy agreed to acquire Athabasca Oil Corporation for an implied enterprise value of C$5.7 billion. The deal adds about 45,000 barrels of oil equivalent per day and is expected to close in December 2026, subject to approvals.
Chevron NYSE:CVX said on Tuesday it had agreed to sell its stakes in Hess Midstream NYSE:HESM and DJ Basin crude oil midstream assets as part of a broader restructuring of its Bakken midstream agreements aimed at cutting costs and boosting returns.The transaction would remove Hess Midstream from Ch…
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
Chevron Corp. (CVX) filed a Form 8K - Regulation FD Disclosure - with the U.S Securities and Exchange Commission on October 06, 2026. On October 6, 2026, Chevron Corporation issued a press release announcing that Chevron will divest its ownership interests in Hess Midstream LP ("Hess Midstream") and its DJ Basin crude
(MORE TO FOLLOW) Dow Jones Newswires October 06, 2026 17:15 ET (21:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal req
Chevron entered agreements to restructure Bakken contracts and set new DJ Basin contracts, cutting Bakken unit midstream costs by ~50%. It will transfer its Hess Midstream interests and DJ crude assets, deconsolidate ~$3.7B HESM debt, and expects a $3—$4B after-tax loss at closing.Material DetailsC…
Chevron Corporation has entered into agreements with Hess Midstream LP to restructure Bakken midstream contracts and establish new DJ Basin midstream contracts.