Chevron to sell Hess toy truck business to John Hess for $40k; Hess trademarks for $863k

CHEVRON CORP

Hess Corp. sold ToyCo (toy truck assets) to John Hess for $40,000, effective April 1, 2026.
Hess Corp. sold HLOGO (Hess name/trademarks) to John Hess for $863,000, effective Dec 17, 2025.
Chevron USA gets exclusive, perpetual, royalty-free license for Hess trademarks in oil & gas; 3-year renewable license for electronic assets.
Transition services agreement for Hess family office IT separation; vendor paid $484,985, with $107,899.78 billed after Hess joined board.

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