Chevron Expects $3 Billion-$4 Billion After-Tax Charge in Q4 on Hess Midstream Deal
Bitget2026/11/06 04:31- Chevron expects a $3 billion-$4 billion one-time after-tax charge in fourth-quarter 2026 tied to the anticipated Hess Midstream transaction closing.
- Full-year 2026 organic capital spending is expected near the low end of its $18 billion-$19 billion guidance range.
- Production guidance remains 3,980,000-4,100,000 barrels of oil equivalent daily, versus 3,980,000 in the third quarter.
- Fourth-quarter downstream turnarounds and downtime are expected to reduce after-tax earnings by $400 million-$500 million.
- Share buybacks are forecast at $2.5 billion-$3 billion, compared with $2.5 billion in the third quarter.
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