Chevron agrees to divest Hess Midstream stake. Chevron stock trades at EUR 208.33
Published on 10/24/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTransaction timing and weekend price
- On October 6, 2026, Chevron announced the Hess Midstream transaction.
- Chevron stock trades in weekend trading at Lang & Schwarz at EUR 208.33 at 10:21 a.m. CEST on October 24, 2026.
- The transaction is expected to close by year-end 2026.
Chevron Corporation announced on October 6, 2026, that it had entered definitive agreements with Hess Midstream LP to restructure Bakken midstream contracts and establish new DJ Basin contracts, according to the Chevron release.
Weekend trading
At 10:21 a.m. CEST on October 24, 2026, Chevron stock was at EUR 208.33 in weekend trading at Lang & Schwarz. Xetra remains closed on October 24, 2026. The further course of weekend trading at Lang & Schwarz until 1:00 p.m. CEST is shown by the continuously updated real-time quote of Chevron stock.
Market context: Market report S&P 500.
Transaction terms
Under the agreements, Chevron will transfer its Hess Midstream ownership interests and general partner position, along with its DJ Basin crude oil midstream assets, in exchange for extended Bakken commercial terms and $200 million in cash. Chevron said the revised agreements are expected to reduce Bakken unit midstream costs by approximately 50%. The company expects to fully deconsolidate Hess Midstream, including approximately $3.7 billion of its debt, and estimates a one-time after-tax loss of approximately $3 billion to $4 billion at closing. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close by year-end 2026, according to the SEC filing.
