{
  "id": 16323089,
  "title": "Chevron Is Taking a $3 Billion to $4 Billion Loss on Hess Midstream. Should You Buy the Stock Anyway?",
  "url": "https://urgent.news/2026/10/24/chevron-is-taking-a-3-billion-to-4-billion-loss-on-hess-midstream",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T12:15:00.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/24/chevron-is-taking-a-3-billion-to-4-billion-loss-on/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "Chevron, a world-leading energy company with a market cap of around $440 billion, has agreed to a deal with Hess Midstream LP that will result in a write-off of up to $4 billion. This may seem like a significant financial hit, but it's actually a small percentage of the company's overall scale. Chevron has a strong balance sheet with a debt-to-equity ratio of 0.2x, making it one of the least leveraged companies in its industry. The deal with Hess Midstream is actually beneficial for both parties, as it allows Chevron to lower its midstream costs in the Bakken region by up to 50%. This is a long-term investment that will provide significant benefits for the company over time. Despite the upfront cost, Chevron's strong dividend history and 3.1% yield make it an attractive option for long-term investors.",
  "summary": "Chevron is adjusting its portfolio and taking a near-term hit as it positions itself for long-term success.",
  "key_points": [
    "Chevron agrees to $3-$4B loss on Hess Midstream deal",
    "Strong balance sheet with 0.2x debt-to-equity ratio",
    "Long-term investment lowers midstream costs by 50%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Chevron Is Taking a $3 Billion to $4 Billion Loss on Hess Midstream. Should You Buy the Stock Anyway?",
        "url": "https://urgent.news/2026/10/24/chevron-is-taking-a-3-billion-to-4-billion-loss-on-hess-midstream-16330938",
        "published": "2026-10-24T12:35:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}