Form 8-K · Current report
Chevron Corporation 8-K, filed Oct 6, 2026
- Filed
- CIK
- 0000093410
- Accession no.
- 0000093410-26-000192
Summary
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Key points
- Chevron subsidiaries entered definitive agreements with Hess Midstream LP to restructure Bakken midstream contracts and establish new DJ Basin midstream contracts.
- Chevron will transfer its ownership interests and general partner position in Hess Midstream, plus its DJ Basin crude oil midstream assets, in exchange for extended Bakken terms and $200 million in cash.
- Chevron expects to deconsolidate Hess Midstream, including about $3.7 billion of its debt, and to recognize a one-time after-tax loss estimated at $3 billion to $4 billion, treated as a special item.
- Chevron said it expects the deal to reduce Bakken unit midstream costs by roughly 50% and to be accretive to return on capital employed by 0.5%, with closing expected by year-end 2026 subject to regulatory approvals.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 7.01Regulation FD Disclosure
- 8.01Other Events
- 9.01Financial Statements and Exhibits
From the filing
Item 7.01 Regulation FD Disclosure. On October 6, 2026, Chevron Corporation issued a press release announcing that Chevron will divest its ownership interests in Hess Midstream LP ("Hess Midstream") and its DJ Basin crude oil midstream assets. A copy of the news release is attached hereto and furnished as Exhibit 99.1 to this Current Report on Form 8-K. The information included in this Item 7.01 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. …
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