Chevron Gains 49.5% in 2026 as It Exits Hess Midstream and Advances Aphrodite Gas

Key TakeawaysChevron will hand its Hess Midstream stake and DJ Basin crude assets to Hess Midstream for $200 million plus contracts that cut Bakken unit midstream costs about 50%. The deal triggers a one-time after-tax loss of $3 billion to $4 billion at closing, which Chevron will treat as a special item.