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Vandana Singh

Hess Midstream Cuts Outlook As Chevron Scales Back Bakken Drilling

Hess Midstream Chevron Bakken HESM Chevron Corp

Oil drilling

Hess Midstream LP (NYSE:HESM) on Thursday, cut its financial and operational outlook for the coming years, citing a 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.

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One subscription that gives you access to news from hundreds of sites

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