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Stock impact report

Hess Midstream Cuts Outlook As Chevron Scales Back Bakken Drilling [Yahoo! Finance]

Chevron Corporation (CVX) 
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
Company Research Source: Yahoo! Finance
slowdown in drilling activity by Chevron Corp (NYSE: CVX ) in the Bakken beginning in the fourth quarter of 2025. While oil volumes are projected to level off, the company sees gas throughput growth supporting earnings and capital returns to investors through 2027 The partnership now anticipates that Chevron will reduce its rig count in the Bakken from four to three in the fourth quarter of 2025. As a result, Hess Midstream expects oil throughput volumes to plateau in 2026. In contrast, gas throughput is forecast to expand through at least 2027, ensuring volume levels remain above established minimum commitments. Despite this shift, management emphasized financial stability. Also Read: Oil ETFs Are Dancing On A Fault Line—Geopolitics Vs. Oversupply Chief Executive Officer Jonathan Stein said the company remains focused on generating consistent cash flow and maintaining balance sheet strength, which underpins its capital return framework. Adjusted EBITDA for 2026 is now p Show less Read more
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