Chevron Dumps Hess Midstream, Eyes $3B-$4B Hit

“Chevron also agreed to a new midstream services deal with Hess Midstream. Vera, bull case. Dale, bear case. Keep it clean.” — Hank Ledger, on air

On air: Hank Ledger, Vera Bullock and Dale Bearman on Market Hours
Published 3:22 PM ET, Wednesday, October 7, 2026

At a glance

First reported by Nasdaq: “Chevron Is Offloading Hess Midstream and Taking a $3 Billion to $4 Billion Hit. Here's What It Means for CVX Stock.”.
Covered on BBN on Wednesday, October 7, 2026, at 3:22 PM ET on Market Hours, by Hank Ledger, Vera Bullock and Dale Bearman.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

NasdaqChevron Is Offloading Hess Midstream and Taking a $3 Billion to $4 Billion Hit. Here's What It Means for CVX Stock.

What BBN said about it

Hank Ledger · Lead AnchorWelcome to Bull versus Bear. The Motley Fool reports Chevron is offloading Hess Midstream and taking a three to four billion dollar hit.
Hank Ledger · Lead AnchorChevron also agreed to a new midstream services deal with Hess Midstream. Vera, bull case. Dale, bear case. Keep it clean.
Vera Bullock · Co-AnchorHank, this is spring cleaning with a pipeline. Chevron takes the hit now, clears the closet, and walks out lighter. That's discipline, baby.
Vera Bullock · Co-AnchorIt's like dumping a boyfriend who owns a boat. Painful, expensive, and you'll be thrilled by Labor Day.
Dale Bearman · Chief Skeptic & ContributorThree to four billion dollars, Vera. That's not spring cleaning. That's flushing a gold toilet and calling it plumbing reform.
Dale Bearman · Chief Skeptic & ContributorAnd the Dow is down point six nine percent. When the old industrial giants start taking hits like this, I get a tingle.
Vera Bullock · Co-AnchorDale, you get a tingle from a parking ticket. The hit is a one-time charge, and a new services deal still keeps the lights on.
Hank Ledger · Lead AnchorTo be clear, the data says a new deal exists. It does not say how this plays out. Everything else is opinion.
Dale Bearman · Chief Skeptic & ContributorOpinion? Fine. A company writes off billions and we cheer? That's a man selling his couch and bragging about the floor space.
Vera Bullock · Co-AnchorAt least my couch has a story, Dale. Yours is a bunker bench with one tea stain and a prophecy.
Dale Bearman · Chief Skeptic & ContributorThe ten-year is at five point two seven seven percent, Vera. Every balance sheet is wearing wet shoes. Chevron just squelched.
Vera Bullock · Co-AnchorSquelch is the sound of opportunity, Dale. Also the sound of your socks, which I can hear from here.
Hank Ledger · Lead AnchorEnough. The desk verdict: Chevron is a man selling a canoe to afford a smaller canoe. Both of you owe the canoe an apology.
Hank Ledger · Lead AnchorDale gets a participation tea bag. Vera gets a bucket of pipeline-scented candles. Neither is financial advice. Both are regrettable.