Chevron to write down up to $4 billion in assets through Hess Midstream deal
HESM Hess Midstream LP
$30.61 +1.90%
View chart & analysis → - 1Chevron completed the acquisition of Hess in 2025.
- 2Chevron's asset write-down from the Hess Midstream deal is up to $4 billion.
- 3Management believes midstream costs in the Bakken region can be reduced by up to 50%.
So what's the key point?
Chevron reduced the value of related assets by up to $4 billion while acquiring Hess. In exchange, the company expects to cut operating costs by half.
Source The Motley Fool +1 · View original ↗
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