Chevron to Divest Midstream Stakes in Hess and DJ Basin Assets

Key Facts

1Chevron announced plans to divest its stakes in Hess Midstream and crude midstream assets in the DJ Basin.

Chevron announced plans to divest its stakes in Hess Midstream and crude midstream assets in the DJ Basin. Seeking Alpha reported that the move is part of the company's ongoing efforts to streamline its portfolio and divest non-core assets following recent acquisition activity.

CVX closed at $206.47 on October 5, 2026, while HESM closed at $38.41 on the same date. Within the energy sector, XOM closed at $165.715 on October 6, 2026, while SHEL stood at $96.52 and BP at $44.62 as of their October 5, 2026 closes.