Chevron estimates Q3 Hess acquisition after-tax loss of $(200)-(400)M, adjusted earnings $50-150M

CHEVRON CORP

Hess-related after-tax loss $(200)-(400)M; excluding severance/transaction costs, adjusted earnings $50-150M.
Net oil-equivalent production from Hess assets 450-500 MBOED, including downtime.
Capital expenditures for Hess assets $1.0-1.25B; proceeds from asset sales $410M (Malaysia/Thailand JDA).
Working capital outflow $0.5-1.5B in Q3; ~2B shares outstanding at Sept 30, ~1.95B weighted avg.
Synergies expected in future quarters; ~half of severance cash outflows in Q3, rest within 12 months.

item 7.01

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