“Hess Midstream shares fall 16% after Chevron agrees to transfer stake and assets”
November 10, 2026
“Hess Midstream (NYSE:HESM) shares fell over 16% to $32.25 on Wednesday morning after Chevron agreed to transfer its ownership interests in the midstream company and DJ Basin crude oil assets in exchange for revised Bakken terms, with the company forecasting 2027 Adjusted EBITDA of $850 million to $950 million.
The agreements will extend Chevron’s Bakken midstream contracts and are expected to reduce its unit midstream costs by about 50%, improving its cost structure and return on capital employed…”
https://finance.yahoo.com/energy/articles/hess-midstream-shares-fall-16-145700918.html