$CVX · Chevron Corporation

On October 6, 2026, Chevron Corporation filed a Form 8-K announcing that it will divest its ownership interests in Hess Midstream LP and its DJ Basin crude oil midstream assets. The company issued a press release with the announcement, which was furnished as an exhibit to the filing. The filing states that Chevron’s preliminary accounting assessment indicates that, upon closing of the transaction, Chevron will deconsolidate Hess Midstream and recognize a one-time after-tax loss estimated at approximately $3 billion to $4 billion. Chevron expects to treat this loss as a special item. The transaction remains subject to specified terms, including customary closing conditions, required regulatory approvals, and any closing adjustments. Chevron expects the transaction to close by year-end 2026. The filing includes forward-looking statements and cautions that actual results may differ due to risks such as litigation, failure to realize anticipated benefits, and industry, market, economic, political, or regulatory conditions outside the company’s control.