---
schema_version: "secwatch.filing_event.v1"
accession: "0000093410-26-000192"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2026-10-06T21:16:59+00:00"
generated_at: "2026-10-12T16:08:38.411461+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chevron to divest Hess Midstream stake and DJ Basin midstream assets; expects $3-4B after-tax loss

## Summary
- Chevron subsidiaries to divest ownership interests and GP position in Hess Midstream LP (HESM) plus DJ Basin crude oil midstream assets to Hess Midstream.
- In exchange, Chevron receives $200 million cash and extended Bakken midstream contracts, expected to cut Bakken unit midstream costs ~50%.
- Chevron expects to deconsolidate ~$3.7 billion of Hess Midstream debt and record a one-time after-tax loss estimated at $3-4 billion as a special item.
- Transaction expected to be accretive to return on capital employed by 0.5% absolute; expected to close by year-end 2026 subject to regulatory approvals.
- Andy Walz, President of Downstream, Midstream and Chemicals, says deal resets commercial framework and positions Hess Midstream as independent.

## SEC filing metadata
- accession: 0000093410-26-000192
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2026-10-06T21:16:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000009341026000192/0000093410-26-000192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000009341026000192/cvx-20261006.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093410-26-000192
- JSON: https://secwatch.observer/filing/0000093410-26-000192.json
- Plain text: https://secwatch.observer/filing/0000093410-26-000192.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.